California
California Legislature Passes Rent Cap Bill
A statewide bill that caps rents was passed by the California Assembly on Wednesday and now heads to Gov. Gavin… Read more
Rent Control Pushes Up U.S. Apartment Cap Rates, RCA Reports
Rent control is causing angst for apartment investors and lenders across the U.S. New research by Real Capital Analytics (RCA)… Read more
Singerman, HATCHspaces Snags Conejo Spectrum Life Science/R&D Campus
Think Here, a 160,980-square-foot, Life Science/R&D office campus comprised of two buildings in Thousand Oaks, CA, has been sold. The… Read more
Landmark Tower Trades, One of Orange County’s Largest Sales This Year
TriCentre, a 211,916-square-foot landmark office tower in Orange, CA, has traded hands. Los Angeles-based Stanton Road Capital acquired the asset… Read more
Lecocq Will Lead Capital Markets at CRG
CRG, the real estate arm of Clayco, has hired Mark Lecocq as SVP of finance. Based in Chicago, Lecocq will lead… Read more
Marcus & Millichap Closes on Trade of Bronzeville Retail
Marcus & Millichap arranged the sale of a 21,916-square foot retail center in the South Side’s Bronzeville neighborhood. Shadow anchored… Read more
Prado Berkeley Multifamily Portfolio Sells for $105M
Prado Berkeley’s Multifamily Portfolio, a four-property apartment offering totaling 255-units in Berkeley has sold for $105 million. The buyers, Ballast… Read more
Floor & Decor Inks 104K-SF Deal at District at Moreno Valley
Ledo Capital Group (LCG) signed a 104,000-square-foot long-term retail lease with Floor & Décor at The District at Moreno Valley.… Read more
Bill to Repeal Constitutional Roadblock to Affordable Housing Passes Senate
Legislation to repeal article 34 of the California Constitution passed the Senate on Tuesday with a unanimous vote. The SCA… Read more
New York Seller Trades Array Apartments to Cali Buyer
Castle Lanterra Properties (CLP) ended its three-year hold on the 370-unit Array Apartments in Austin’s East Riverside-Oltorf neighborhood. The Suffern,… Read more
San Ysidro Retail Center Sold for $25M
The Plaza at the Border in San Diego’s San Ysidro submarket has sold for $24.7 million. The buyer of the… Read more
Net-Lease Investment Outperforms Broader CRE Market, L.A. Among Top Targets
U.S. net-lease investment is outpacing the broader commercial real estate market in 2019, with Greater Los Angeles among the leading… Read more
Stantec Deal Brings Pasadena Tower to Full-Occupancy
Stantec signed a roughly 29,000-square-foot lease renewal/expansion at Gateway Plaza, a 13-story, 281,882-square-foot office property in Pasadena, CA. The deal… Read more
Prologis Picks Up Fry’s Occupied Asset in Anaheim
Prologis acquired a 144,000-square-foot retail building occupied by Fry’s Electronics in Anaheim, CA. Located at 3370 E. La Palma Ave.,… Read more
Colliers Insights: California’s Multifamily Sector Faces Myriad Challenges
By Colliers International’s Bay Area Multifamily Team Commercial apartment owners in the state of California are facing adversity on multiple… Read more
HWE Expands Hotel Group with 10 Hires from HFF
Hodges Ward Elliott (HWE) has made 10 additions to its hotel group, and has opened new offices in Chicago, Dallas,… Read more
Uber Will Base Logistics Division at Old Post Office
With plans to hire more than 2,000 in Chicago, Uber Technologies has dedicated its recently-signed Old Post Office space as… Read more
Agora Realty Claims T.O. Office Asset; Kicks Off MOB Conversion
Los Angeles-based Agora Realty acquired a 16,200-square-foot property located at 248 Hampshire Rd. in Thousand Oaks, CA for $6.4 million.… Read more
NYC Tops the List of Net-Lease Investment Markets
U.S. net-lease investment is outpacing the broader commercial real estate sector in 2019, and New York City tops the list… Read more