California
Seattle’s Boom Powers Retail-to-Office Conversions
By Dennis Kaiser Seattle is booming, that’s not a secret. People are flocking to the Emerald City to live, and… Read more
Cigna, Rise JV Secures $52M in Funding from Mesa West for Seattle MF
Los Angeles-based Mesa West Capital provided $52 million in first mortgage debt to the joint venture of Rise Properties Trust… Read more
U.S. Multifamily Wraps Up a Strong 2019
The U.S. multifamily sector continues strong, and wrapped up a healthy 2019 with continued rent growth and robust unit absorption,… Read more
CushWake Brokers Sale of Coachella Valley MOB to MBRE Healthcare
MBRE Healthcare has acquired JFK Medical Plaza and adjacent land in the Coachella Valley from Omni West Group for $5.5… Read more
Westfield Goes Mixed-Use with Office Space in San Francisco
The San Francisco Planning Commission has granted mall-owner Westfield approvals for transitioning two floors of the financial district’s San Francisco… Read more
LA City Council Restricts Developer Contributions Starting in 2022
The Los Angeles City Council has decided to restrict donations from real estate developers beginning with the 2022 election cycle.… Read more
CBRE’s Levy Doesn’t See Recession on Horizon
By Dennis Kaiser CBRE’s Spencer Levy, Chairman of Americas Research & Senior Economic Advisor, kicked off Connect Westside Los Angeles… Read more
BioMed Realty Signs Amgen to 240K-SF Deal at S. San Francisco Campus
San Diego-based BioMed Realty inked a 240,000-square-foot lease with Amgen at its Gateway of Pacific campus in South San Francisco.… Read more
California’s Split Roll Requires Political Activism in 2020
By Dennis Kaiser There has never been an election year more relevant to the CRE industry than 2020 in California.… Read more
AIMCO Funds $275M Loan for San Francisco’s Parkmerced
Denver-based Apartment Investment and Management Company (AIMCO) has funded a $275-million loan for Parkmerced, a 3,221-unit apartment community on 152… Read more
Clearinghouse CDFI Set for Koreatown Opportunity Zone Multifamily Development
Clearinghouse Community Development Financial Institution is set for a 31-unit multi-family development in LA’s Koreatown, a Qualified Opportunity Zone. The… Read more
CBRE’s Lew Horne Looks to 2020 and Beyond…
The Golden State is a like a country unto itself and a critical part of a national economy. No one… Read more
Ohana Acquires 5-Diamond Dana Point Resort for $497M
Ohana Real Estate Investors has acquired Orange County’s landmark five-diamond Monarch Beach Resort for $497 million ($1.24 million per room)… Read more
CREW San Diego Announces 2020 Board Members
CREW San Diego introduces the 2020 board of directors leading its programming focused on economic growth, market trends, education and… Read more
Signatures Submitted to Qualify 2020 California Rent Control Initiative
Rent control activists have again submitted signatures to qualify a new initiative for California’s 2020 ballot. The failed 2018 initiative… Read more
Ensign Group Continues Feeding Texas Appetite with Three New Facilities
The Ensign Group continued focusing on Texas acquisitions, acquiring four skilled nursing centers throughout the Lone Star State, totaling 650… Read more
Singapore Leads the World in Urban Mobility
The Southeast Asian city-state of Singapore is not only the world’s most competitive economy as ranked by Forbes recently. It… Read more
Westside L.A. Conference Recap: Millennials, Tech-Tainment, Patient Capital & Recession
By Dennis Kaiser Connect Westside Los Angeles was held yesterday and drew a crowd of more than 250 real estate… Read more
Rexford Acquires Port-Adjacent Industrial Infill for $15M
Southern California’s infill industrial leader, Rexford Industrial Realty, Inc., is on an acquisition hunt at the close of 2019, including… Read more