California
Renovations Help Drive Tenant Demand at Carlsbad Property
Santa Monica, CA-based BLT Enterprises completed renovations of a 60,000-square-foot industrial building in Carlsbad. The firm acquired the building from… Read more
CBRE’s Jeff Moore Q&A: Positive Economic Climate, Strong Demand Extend Runway
By Dennis Kaiser Connect Orange County is just around the corner. The annual gathering is set for August 22 at… Read more
Seefried, Crow Holdings Claim 24 Acres in Riverside for Business Park
Atlanta-based Seefried Properties partnered with Crow Holdings on the purchase of a 24-acre land site in Riverside’s Meridian Business Park… Read more
T-Oak’s Conejo Gateway Trades for Record
JLL’s Capital Markets team completed the sale of Conejo Gateway, a 47,254-square-foot neighborhood retail center located at 701 Wendy Dr.… Read more
Marcus & Millichap’s LaBar to Retire; Parker, Matricaria Tapped to Succeed
Calabasas, CA-based Marcus & Millichap, Inc. announced the planned retirement of COO Mitch LaBar at the end of 2019. J.D.… Read more
Barneys Seeks Buyer in Chapter 11 Filing; Will Close Most Stores
Luxury retailer Barneys New York said Tuesday it had filed for Chapter 11 reorganization at U.S. Bankruptcy Court in Manhattan.… Read more
Home Price Increases Battle Tepid Sales; Forecast to Continue Rising into Mid-2020
CoreLogic’s latest home price index and forecast shows home prices rose both year over year and month over month. The… Read more
PCCP Joins Urban Renaissance Group on 550K-SF SeaTac Deal
Seattle-based Urban Renaissance Group LLC (URG) and Iron Point Partners, LLC sold the 548,704-square-foot SeaTac Office Center in SeaTac, WA… Read more
Urban Catalyst Claims Another Downtown San Jose O-Zone Site
Urban Catalyst acquired its fourth property, 147 E. Santa Clara St. in downtown San Jose’s opportunity zone, with plans to… Read more
Steadfast Merging Three REITs, Creates $3.3B Entity Focused on MFs
Irvine, CA-based Steadfast Apartment REIT, Inc. is acquiring Steadfast Income REIT, Inc. (SIR) and Steadfast Apartment REIT III, Inc. (STAR… Read more
Kroenke Lands $90M Stadium Deal with American Airlines
American Airlines appears to be the first official naming partner for Stan Kroenke’s new $5-billion Los Angeles Stadium in Inglewood.… Read more
SoCal Investor Snags Federal Way Industrial Portfolio
Newport Beach, CA-based BKM Capital Partners acquired a two-property industrial portfolio consisting of eight buildings totaling 133,595 square feet in… Read more
E-commerce Logistics Provider Takes Entire San Bernardino Facility
Wayne, PA-based Liberty Property Trust signed a long-term lease with Lean Supply Solutions at its recently-acquired 520 Orange Show Rd.… Read more
Airbnb Expands Corporate Travel Platform with Urbandoor Buy
Airbnb has acquired Urbandoor, an online listings marketplace focusing on corporate travel. Deal terms weren’t disclosed; Urbandoor’s employees will join… Read more
Blackstone Eyes 11-Warehouse Deal Near JFK Airport
The Blackstone Group is negotiating to purchase a portfolio of 11 warehouse buildings near JFK Airport. Ranging in size from 6,000 to almost… Read more
BK, Queens Projects Among MRC’s $1.3B in YTD Deals
Major projects in Brooklyn and Queens were among the beneficiaries of the more than $1.3 billion in financings and note… Read more
Vacasa Acquiring Wyndham Vacation Rentals in $162M Deal
Portland-based Vacasa is buying Wyndham Vacation Rentals for approximately $162 million. The transaction is expected to close this fall, and… Read more
Office Market Remains on Firm Foundation
By Dennis Kaiser The Orange County office market remains on firm footing in 2Q 2019, as office demand continues to… Read more
$1.4B Chase Center Development Delivers on Schedule
The Clark Construction Group and Mortenson JV achieved substantial completion of Chase Center, San Francisco’s new state-of-the-art sports and entertainment… Read more