California
Veterans MOB Portfolio Lands $700M of Construction-to-Permanent Financing
A six-building portfolio of new construction, medical office projects fully-leased to the Veterans Administration has received $703 million in construction-to-permanent… Read more
Connect Q&A: Tishman Speyer’s Shannon on the Role of Retail Outside the Door
Stunning modern architecture and unobstructed Bay-front views make for an iconic residential address and an attractive investment in the City’s… Read more
IDI Logistics Buys Torrance Industrial for $22M
Atlanta-based IDI Logistics has purchased a 108,186-square-foot industrial investment property at 19145 Gramercy Pl. in Torrance, CA for $21.5 million.… Read more
Poincare Group Pays $26M for Temecula Retail Pair
Retail investor Poincare Group has acquired two adjacent retail assets, Bel Villaggio I-II & Bel Villaggio III, in Temecula, CA… Read more
Container Traffic Slides on Factory Shutdowns Over Coronavirus
With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are… Read more
Palos Verdes Mgmt. Buys Cerritos Multifamily for $49M
L.A.-based Palos Verdes Management Company has acquired a 150-unit multifamily property in Cerritos, CA, for $48.6 million, or roughly $324,000… Read more
Align Finance Ready with $130M Affordable Housing Fund
San Francisco-based debt fund manager Align Finance Partners has raised $130 million for its tax-exempt bond fund, Align Affordable Housing… Read more
Connect Q&A: JLL’s Louis Tomaselli on Industrial 2010 to Today
Of all the asset classes in today’s market environment, Southern California Industrial seems to have a never-ending and ever-growing demand… Read more
Urban Catalyst Closes Another DT San Jose Development Site
Opportunity zone investor Urban Catalyst has acquired its seventh downtown San Jose development, closing on an early phase project located… Read more
GSA Plans $126M for Key California Projects
U.S. General Services Administration (GSA) Administrator Emily Murphy has announced key investments for California in the agency’s fiscal year (FY)… Read more
San Diego County Planning Restrictions on March 3 Ballot
When the San Diego County Board of Supervisors updated its General Plan in 2010 to guide planning for more than… Read more
Evergreen Sells Five New Retail Assets for $33M
Phoenix-based Evergreen Development Company has sold five new-construction retail buildings in transactions totaling $33 million at Eastvale Marketplace, a recently… Read more
Urban Infill Developer Opens MXU Resi Community Near Northgate Retail Center
StoryBuilt, an Austin, TX-based urban infill specialist, opened Nora, a 43-unit mixed-use townhome community in the heart of North Seattle… Read more
Walmart Moves on from Redlands; 33 Acres for Sale
A planning and entitlement saga that began in 2005 has culminated, not in a grand opening of a new Walmart… Read more
Connect Q&A: Allen Matkins’ John Tipton on Winter 2020 Forecast
The annual Allen Matkins/UCLA Anderson Winter Forecast is as much a year-forward motivational “must read” as it is a best… Read more
Gantry Launches New Office; Grows Pacific Northwest Operations
San Francisco-based Gantry is growing its national mortgage banking platform, on-boarding a three-member Pacific Northwest production team with its full… Read more
IMT’s Icon Greenlit for Sherman Oaks MXU
L.A.-based developer IMT Residential’s plans to deliver a mixed-use redevelopment including multifamily and retail environments around the former Sunkist HQ… Read more
Sorrento Mesa Office Trades for $4M
An approximately 19,000-square-foot Sorrento Mesa office building has traded for $4.05 million to an undisclosed buyer which plans to occupy… Read more
srmERNST/Hillwood JV Signs Exelixis for Harbor Bay BTS
A joint venture of srmERNST Development Partners and Hillwood Properties has signed Exelixis Inc. to a 20-year lease for a… Read more