California
Real Capital Names CBRE 2019’s Investment Sales Global Leader
Los Angeles-based CBRE has been named 2019’s global leader for commercial real estate investment sales, according to statistics complied by… Read more
Gov. Newsom Empowers Cities to Halt Evictions
California’s Gov. Gavin Newsom issued an executive order Monday evening to help prevent evictions during the COVID-19 outbreak, giving local… Read more
Retailers, Hotels and Restaurants Pounded by Disruption
Up and down California, and throughout the nation, no industry class has been harder hit by the escalating Covid-19 mitigation… Read more
CBRE Brokers Single-Tenant Trade of Riverside Office Building
Dornin Investment Group has sold a single-tenant office building, leased to the County of Riverside, to an undisclosed Los Angeles-based… Read more
PCCP JVs with Capital Partners on Twin Cities Industrial
PCCP LLC formed a joint venture with Edina, MN-based Capital Partners for the acquisition of a 557,887-square-foot, five-property light industrial… Read more
Convene Shutters All Locations Through March 31
Flexible-office and meeting-space provider Convene has temporarily closed all locations across Manhattan and five other cities in response to the… Read more
UCLA Anderson Q1 Forecast Revised First Time in 68-Year History
As world economies react to the necessary disruptions from Covid-19, UCLA Anderson Forecast authors, for the first time in their… Read more
Champion Acquires USC-Adjacent Student Housing for $14M
L.A.-based Champion Real Estate Company has acquired a 47-unit, potential 102-bed, student housing community located at 2353 Portland St. in… Read more
Chapman’s Economists Predict $540B COVID-19 Cost
According to a forecast appearing in this week’s Orange County Business Journal, the coronavirus will cost the American economy about… Read more
NY Life Acquires 630 K Street Office Asset for $28M
New York Life Real Estate Investments (NYL), on behalf of an institutional client, has acquired an 87,140-square-foot office building in… Read more
Savills Finalizes Deal for Project Management Firm
Savills has completed its acquisition of Macro Consultants LLC, a project management firm with offices in Midtown Manhattan, Los Angeles, Denver, Philadelphia and… Read more
3PL Weber Logistics Signs for 353K SF in Jurupa Valley
Third-party logistics provider (3pl) Weber Logistics has added a 353,361-square-foot distribution center (DC) located at 11296 Harrell St. in Jurupa… Read more
SD’s Tower 16 Hits LV Jackpot with $35M Multifamily Sale
San Diego-based Tower 16 Capital Partners has successfully sold Altura on Duneville for $35 million, a 228-unit repositioned Las Vegas… Read more
Connect Q&A: California’s 2020 Housing Politics with AAGLA’s Yukelson
By Chris Egger As the state of California, alongside the rest of the nation and a global community, wrestle with… Read more
TruAmerica Pays $54M to Buy 306-Unit Mission Springs Apartments
TruAmerica shook hands with 29th Street Capital of Chicago to acquire Mission Springs Apartments, a 306-unit multifamily asset in Tempe,… Read more
Pimco via Allianz Forms New $100B RE Business Unit
Newport Beach-based Pacific Investment Management Co. is taking over management of Munich-based Allianz Real Estate, forming a combined unit with… Read more
Gantry Secures Boardwalk’s $49M Bridge for HB’s 5th & PCH
Walnut Creek, CA-based Boardwalk Investments Group is set with $48,750,000 in bridge financing for acquisition of the office and retail… Read more
SRS Signs 55K SF at Burbank Town Center; Including 1st Terrace Tenant
SRS Realty has announced a trio of new leases at Burbank Town Center, the 1.2 million-square-foot retail center anchoring downtown… Read more
Progressive Signs Pair of Swim Schools to IE Leases
Rancho Cucamonga-based Progressive Real Estate Partners has signed a pair of leases for indoor swim schools at neighborhood shopping centers… Read more