California
Trade War Hits Southern California Ports Hard
Cargo trade through Southern California is feeling the impact of the trade war between the U.S. and China. The Port… Read more
Redwood City MF Trades for Nearly $326M
Blu Harbor, a 402-unit apartment community located in Redwood City, CA, has traded hands for nearly $326 million. Boston-based GID… Read more
Japanese Semiconductor Firm Launches $100M Plant in Hillsboro
Sunnyvale, CA-based JSR Micro is developing a $100-million factory in Hillsboro that it envisions being up and running next year.… Read more
Scientific Investments Completes Initial Renovations at Del Mar Asset
Scientific Investments, L.P. completed the first phase of renovation of High Bluff Del Mar, a 72,706-square-foot office building in San… Read more
UDR, MetLife Agree to Asset Swap Valued at $1.8B
Denver-based UDR, Inc. and MetLife Investment Management are cutting a $1.76-billion asset swap deal. After accounting for the assumption of… Read more
SoCal Flower Market MXU Development Green-Lit
A plan to redevelop and expand the Southern California Flower Market in DTLA into a mixed-use complex received approval from… Read more
Mesa West Delivers $88M for Newly-Built 1M-SF Riverside Industrial
Mesa West Capital provided an $87.95-million, five-year, floating rate debt package for the acquisition and lease-up of a recently delivered… Read more
Realtors’ Group Says Low Interest Rates Don’t Keep Affordability In Check
Higher home prices negated the lowest interest rates in more than a year, and reduced Californians’ ability to afford a… Read more
Slowdown in Capital Markets, WeWork Produce Major Impacts in Orange County
Connect Orange County is just around the corner. The annual gathering is set for August 22 at The Resort at… Read more
Google’s Latest Deal Boosts San Jose Acquisitions to Nearly $400M
Though Google’s latest property acquisition in downtown San Jose isn’t a blockbuster in terms of dollar value, the addition is… Read more
Federal Realty Divests Neo-Classical Building in Hermosa Beach
Federal Realty Investment Trust divested The Bijou Building, a 23,172-square-foot, three-story mixed-use office/retail building located in downtown Hermosa Beach, CA.… Read more
Drawbridge Closes on $100M Office Deal in Orange County
San Francisco-based Drawbridge Realty purchased Pacific Center, a 390,600-square-foot, two-building corporate office campus in Santa Ana, CA for $97.5 million.… Read more
California Governor Backs Rent Control Bill
California Gov. Gavin Newsom says he supports efforts to cap annual rent increases in the state. He ventured even further… Read more
Rancho Cucamonga Senior Facility Acquired for $20M
Lake Forest, CA-based 1031 Crowdfunding, LLC acquired Sunlit Gardens, a 100-bed assisted living/memory care facility in Rancho Cucamonga, CA. The property… Read more
Meridian Completes South Bay MOB Renovation
San Ramon, CA-based Meridian completed the $2.5-million renovation of a 26,000-square-foot multi-tenant medical office building in Torrance, CA. Meridian acquired… Read more
Marcus & Millichap Sells South County Net-Leased Asset
Marcus & Millichap and Commercial Property Group handled the sale of 26211 Enterprise Way, a 58,760-square-foot flex/R&D property in South… Read more
Alexandria Negotiating to Buy Mercer Mega Block for $144M
Pasadena, CA-based life sciences developer Alexandria Real Estate Equities, Inc. is negotiating to buy Seattle’s Mercer Mega Block for $143.5… Read more
Hackman Acquires Manhattan Beach Studios from Carlyle in $650M Deal
Los Angeles-based Hackman Capital Partners acquired, through an affiliated entity, The MBS Group, a film and TV studio real estate… Read more
Manhattan, Bay Area Run Neck and Neck in YTD Office Sales
Although Manhattan has led the way year-to-date in office investment sales, the Bay Area’s total lags by only $34 million,… Read more