California
California Wildfires Place $2 Trillion+ of Housing Value in Jeopardy
Four California counties top the list of places at risk of losing the most housing value due to destruction from… Read more
Chicago Continues Run as Nation’s Greenest Office Market
Chicago’s office market was named the greenest in the U.S. for the third consecutive year as the green building trend… Read more
HCP Becomes Healthpeak, Promotes Scott Brinker to President, CIO
Irvine, CA-based HCP, Inc. changed its name to Healthpeak Properties, Inc. and promoted Scott Brinker (pictured) to President in addition… Read more
Kennedy Wilson Snags Marin’s Hamilton Landing for $115M
Beverly Hills, CA-based Kennedy Wilson acquired Hamilton Landing, an institutional quality, wholly-owned office campus with seven buildings across 20 acres… Read more
Ontario’s Gates Fans the Flames of Growth
By Dennis Kaiser Strong industrial growth has spread across the Inland Empire. It has buoyed virtually every industry segment and… Read more
$125M Issaquah Off-Market Deal One of Puget Sound’s Largest this Year
Issaquah Terrace, a 298-unit garden-style apartment community in Issaquah, WA, traded hands in what ranks as one of the Puget… Read more
New Senior to Sell 14-State Memory Care Portfolio for $385M
New Senior Investment Group Inc. entered into a definitive agreement with ReNew REIT to sell its entire assisted living/memory care… Read more
Parkview Provides $28M Construction Loan for National City Senior Project
Los Angeles-based Parkview Financial provided a $28-million construction loan to a San Marcos, CA-based private developer for the development of… Read more
Meridian Secures $365M Refi for 1,600-Unit Decron California MF Portfolio
New York City-based Meridian Capital Group arranged $365 million to refinance a portfolio of seven multifamily properties in California on… Read more
Short-Term Rental Restrictions Eased in Los Angeles
The Los Angeles City Council voted to approve a softer version of the Rent Stabilization Ordinance that went into effect… Read more
Hines, JP Morgan Chase Refi Century Plaza Towers for $1.2B
Houston-based Hines and JP Morgan Chase & Co. secured $1.2 billion in refinancing for Century Plaza Towers, a two-building, 2.4-million-square-foot… Read more
Irvine Co. Advances Next Phase of Spectrum Terrace Following 183K-SF Deal
Irvine Company signed a deal with Alteryx Inc. to occupy a building and a half at Spectrum Terrace, Irvine Company’s… Read more
CenterPoint Claims Another East Bay Asset
Oak Brook, IL-based CenterPoint Properties acquired a 130,500-square-foot industrial building in Oakland for an undisclosed amount. Situated on a roughly… Read more
Don’t Expect Let-Up in Inland Empire Industrial Markets Anytime Soon
A booming Inland Empire industrial market experiencing record-low vacancy rates and record-high asking rates could eventually be derailed by headwinds… Read more
BioMed Inks 204K-SF Pre-Lease at UTC Development
BioMed Realty, a Blackstone portfolio company, signed a 204,000-square-foot lease at APEX in San Diego’s University Towne Center (UTC). The… Read more
CIM Group Expands Austin Holdings by 270K SF
CIM Group broadened its presence on Austin’s east side through acquisition of three properties, totaling 270,000 square feet. The Los… Read more
Hunter Storm, Verizon Commence 640K-SF Tech Hub at San Jose’s Coleman Highline
Verizon and Cupertino-based Hunter Storm broke ground on Verizon’s new 640,000-square-foot technology hub at Coleman Highline, a massive, mixed-use, transit-oriented… Read more
S&P CoreLogic Case-Shiller: U.S. Home Price Increases Continue to Slow
The latest S&P CoreLogic Case-Shiller Indices show that the rate of home price increases across the U.S. continued to slow… Read more
ESPN, Under Armour, LISC to Help Turn Vacant Spaces into Recreation Areas
ESPN, in collaboration with Under Armour and Local Initiatives Support Corporation (LISC) has announced a new initiative to award grants… Read more