California
Align Seeking Walnut Creek Mixed-Use Entitlements
San Francisco-based Align Real Estate is pursuing entitlements for a mixed-use commercial/residential project in Walnut Creek, CA, at 1532 Mount… Read more
R.D. Olson Breaks Ground on Little Saigon’s Bolsa Row Mixed-Use
Irvine-based R.D. Olson Construction has started construction on IP Westminster LLC’s Bolsa Row, a mixed-use development on six acres in… Read more
LA Trade-Tech College Breaks Ground for $188M Expansion
Los Angeles Trade-Technology College (LATTC) has broken ground for the school’s Construction Technology Building on a long-empty property at the… Read more
Moreno Valley Multifamily Trades for $7M
A private investor has acquired the 48-unit Bevia Apartments in Moreno Valley, CA for $6.65 million. Located 13260 Heacock St.,… Read more
Chicago Ranks Third in U.S. for Construction Costs
Chicago’s the third most-expensive construction market in the U.S., behind New York City and San Francisco, JLL reported. The Midwest’s… Read more
SHVO Group’s 711 Fifth Deal Scores $545M Loan
JLL Capital Markets secured $545 million in debt to finance 711 Fifth Ave. in New York on behalf of the… Read more
Harbor Group Pays $39M for Roseville Single-Tenant
Virginia-based Harbor Group International (HGI) has acquired a single-tenant office building at 630 Roseville Pkwy. in Roseville, CA, for $39.45… Read more
SD Padres Forms JV with Tishman Speyer, Cisterra and Ascendant for Tailgate Park MXU
The San Diego Padres’ real estate development subsidiary, Padres Next Fifty, is partnering with noted developers Tishman Speyer, Cisterra Development… Read more
Joss Acquires San Jose Single-Tenant for $139M
NYC-based Joss Realty Partners has acquired a single-tenant, Class A office building for $139 million, according to reporting by the… Read more
Steadfast Completes Restructure; Assembles $3.4B Portfolio
Steadfast Apartment REIT, Inc. (“STAR”) has emerged as a new single-balance sheet, management structure and operating entity for Irvine, CA-based… Read more
Inbound Capital to U.S. Multifamily Drops Y-O-Y
Inbound capital to the U.S. multifamily sector decreased year-over-year by 27.3% to $10.7 billion in 2019, says CBRE. The drop-off… Read more
Honolulu Mandarin Oriental Tower Breaks Ground
Project developer Mana’olana Partners, founded by Los Angeles-based Salem Partners, has broken ground for construction of the Mandarin Oriental Hotel… Read more
Portland’s Phenomenal Growth Attracts MF Investors, Brings Growth Pains
BY Dennis Kaiser Demand continues to drive the Portland apartment market to new pricing highs, and despite new local regulations,… Read more
Redlands Grapples with Post Measure G Planning
The defeat of Measure G on the Redlands, CA municipal ballot has city leaders looking at the next steps for… Read more
Urban Offerings JV Funded at $59M for Culver City Creative Build
An Urban Offerings/Meridian Group partnership has received $59.3 million in construction financing to commence development of a 74,055-square-foot, mixed-use creative… Read more
Vista/Tokyu Land Acquire Pleasant Hill Multifamily in $91M JV
A joint venture of L.A.’s Vista Investment Group and Tokyu Land US Corporation has acquired the Northridge Apartments, a 221-unit… Read more
Universe Holdings Acquires La Mesa Multifamily for $34M
Universe Holdings has acquired Serena Vista, a 110-unit multifamily property, for $34.45 million, or approximately $313,181 per unit. Located at… Read more
ColRich Refinances San Marcos Apartments for $38M
Cleveland-based KeyBank Real Estate Capital has secured $37.7 million of Fannie Mae financing for ColRich, a family-owned residential real estate… Read more
Westfield’s Valley Fair Expansion Unveiled; Bloomingdale’s Anchors
Westfield Valley Fair today opened the 500,000-square-foot expansion that is a key part of the Silicon Valley center’s $1.1 billion… Read more