California
SoCal Grocer Planning 15 Arizona Stores
A Southern California-based supermarket chain plans to enter the Phoenix grocery store competition. The first Arizona Vallarta store will be… Read more
Marcus & Millichap Closes Castro Valley Apartment Sale
Marcus & Millichap arranged the sale and financing of Park Tower Townhomes & Apartments, a 52-unit multifamily property located at… Read more
The Gap Between Renters and Home Ownership Affordability
It shouldn’t be a surprise to anyone that homeowner affordability continues to decline. The National Association of Realtors has acknowledged… Read more
Media Agency Nearly Doubles Space at New West Coast Headquarters
JLL represented media agency Canvas Worldwide in a new 68,301-square-foot office lease at 2330 Utah Ave. in El Segundo, California. The new lease… Read more
Steerpoint, SteelWave Pay $71.5M for Shoppes at Carlsbad
Steerpoint Capital, in a joint venture with SteelWave, has acquired The Shoppes at Carlsbad, a 1.1-million-square-foot regional shopping center in… Read more
Northmarq Arranges $54M Refi on Folsom Apartments
Northmarq’s Newport Beach Debt + Equity team arranged $53.72 million in financing for Fairmont at Willow Creek, a 260-unit garden-style apartment community located… Read more
Legacy, PGIM Acquire Former Student Housing from Azusa Pacific U.
Legacy Partners and venture partner PGIM have acquired University Village, a 320-residence garden-style apartment community at 801 E. Alosta Ave.… Read more
Nashville Hotel Trades at Loss
The Aloft Nashville West End hotel was sold at a loss for $25 million to Somera Capital Management. The Nashville… Read more
NAIOP SoCal Sets Night at the Fights for Oct. 9
NAIOP SoCal will bring its annual Night at the Fights to the Hangar Building at the OC Fair & Event Center on Oct. 9,… Read more
Report: San Francisco, LA Diverge on Return-to-Office Rate
In common with many of the largest U.S. office markets, Los Angeles and San Francisco saw in-person attendance crater amid… Read more
City Council Signs Off on LA Convention Center Expansion
The Los Angeles City Council voted to approve the $2.6-billion L.A. Convention Center (LACC) Expansion and Modernization Project. The investment… Read moreThis Week, Nadji Tells Apartment Executives: Ten-Year Market Fundamentals Remain Strong. Watch Now. (VIDEO)
At a Connect Apartments event 10 years from now, the industry will be able to look back on a decade… Read more
JLL Completes Lease-Up of Retail Space at Teaneck Townhome Complex
JLL has leased 8,361 square feet at River Commons, bringing the retail portion of the mixed-use development at 764 New… Read more
IoT Tenant Relocates Offices Within Santa Clara
Cushman & Wakefield arranged a new long-term office lease for Itron at 3005 Tasman Dr. within The Quad at Tasman… Read more
Microsoft-Leased Office Building in Redmond Sells for $225M
A new Microsoft-occupied office building just south of the company’s Redmond headquarters has been sold for $225 million to an… Read more
Sukut’s SoCal Industrial Portfolio Scores $130M Refi
JLL Capital Markets arranged $130 million in first-lien financing for Sukut Real Properties’ 21-property industrial portfolio spanning 1.1 million square feet across four… Read more
Irwindale Business Park Will Be Divided into Industrial Condos
Voit Real Estate Services closed the $10,053,160 sale of 1400-1430 Arrow Hwy. in Irwindale, CA. EVP and partner Michael Hefner… Read more