California
Real Estate Concerns in the Time of Coronavirus
By Kenneth Fields The Coronavirus has been spreading across the globe. However, until recently, its impact on businesses in the… Read more
Riaz Capital Opens Next Phase of Iconic Artthaus Studios in Oakland Opportunity Zone
Oakland-based Riaz Capital unveiled the second and final phase of Artthaus Studios, a 120,000-square-foot complex located at 2744 E 11th… Read more
Ascentris, Cypress JV Claims Office Campus in Aliso Viejo
Denver-based Ascentris, in a joint venture with San Diego-based Cypress Office Properties, LLC, acquired Summit V in Aliso Viejo. The… Read more
Rex Kim Selected to Oversee Oregon PERS Investments
The Oregon Treasury selected Rex Kim to oversee investment of the state’s Public Employees Retirement Fund, the Oregon Short Term… Read moreWeHo Retail Building Claimed by L.A. Development Firm for Nearly $23M
A Los Angeles-based real estate development firm purchased a 30,146 square-foot development site in the West Hollywood area for $22.5… Read more
California Gov. Newsom Negotiates Mortgage Payment Forbearance
California Gov. Gavin Newsom announced Wednesday he has been working with more than 200 financial institutions, including major banks, to… Read more
Clippers Buy Forum from Madison Square Garden for $400M
The Clippers reached an agreement to purchase the Forum in Inglewood from Madison Square Garden Co. for $400 million. The… Read more
CGI Completes Renovation of MF Development in Orlando
Los Angeles-based CGI Strategies commenced leasing at Astoria at Celebration, a 306-unit luxury multifamily community in Celebration, FL, after completing… Read more
Kaiser Permanente Cancels $900M Oakland HQ Project
Kaiser Permanente has decided not to move forward on a planned $900-million headquarters development in Oakland. The healthcare company planned… Read more
Shops to Victoria Gardens Divested by Fit Development
JLL Capital Markets closed the $13.75 million sale of Shops to Victoria Gardens in Rancho Cucamonga, CA. The 31,405-square-foot retail… Read more
PTLA Divests Lincoln Terrace MF in Walnut Creek
The Colliers Northern California multifamily team brokered the sale of a multifamily property at 1100 Lincoln Ave. in Walnut Creek.… Read more
Washington Governor Mirrors Other States’ Lockdown Orders
Washington Gov. Jay Inslee signed a statewide order that requires Washingtonians to stay home. The order will last for two… Read more
Financing Achieves “Flexibility” for Darwin German Acquisition
Los Angeles-based Nova Capital secured $27.385 million in debt and equity financing on behalf of Darwin German Real Estate Investments… Read moreCalifornia Leasing Shuttered DTLA Hospital from Verity, Seton Medical Center in Daly City
California Gov. Gavin Newsom has directed more than $42 million in emergency funding to expand California’s health care infrastructure and… Read more
Don Hudson Joins Kidder Mathews in Pasadena
Don Hudson, one of the most respected brokers in the commercial real estate industry, has joined Kidder Mathews’ Pasadena office… Read more
Emergency Approval Granted for Cepheid’s Rapid Results COVID-19 Test
Sunnyvale, CA-based Cepheid received Emergency Use Authorization from the U.S. Food & Drug Administration (FDA) for Xpert Xpress SARS-CoV-2, a… Read more
JLL Arranges Nearly $1B for 17-Property, 7M-SF National Portfolio
JLL Capital Markets arranged $991.77 million in financing for a geographically diverse, 17-property portfolio totaling more than seven million square… Read more
CenterPoint Claims 1.6M-SF Facility in SoCal’s Inland Empire
CenterPoint Properties acquired a 1.6-million-square-foot industrial facility on 94.23 acres of land at 5600 E. Airport Dr. in Ontario, CA.… Read more
Dekel Arranges Nearly $48M Construction Loan for Koreatown MF
Dekel Capital, on behalf of Los Angeles-based CGI Strategies, arranged $47.8 million in non-recourse construction financing for the development of… Read more