California
Menlo Equities Acquires Marlborough Data Center for $33M
California-based Menlo Equities has acquired a 206,000-square-foot data center in Marlborough for $33.2 million. Marlborough is approximately 30 miles west… Read more
Midas Hospitality Expands to SoCal, Plans Opportunity Zone Development
Midas Hospitality is shifting westward to stake its next claim. The move follows a $35-million fund-raising for its first opportunity… Read more
Allan Brass Joins Savills Cross-Border Team from CushWake
Savills added global real estate expert Allan Brass as director, Cross-Border Tenant Advisory, Americas. He will work directly with Savills… Read more
Coffee Bean & Tea Leaf Bought by Philippines’ Jollibee for $350M
Los Angeles-based Coffee Bean & Tea Leaf is being acquired by Jollibee Foods Corp. in a $350 million deal with… Read more
CRE INSIGHTS: A Peek Into Swig’s 3415 Sepulveda Redo
The Swig Company completed a remodel of Sepulveda Center in Los Angeles. Connect Media asked the company’s Cory Kristoff, SVP-Asset… Read more
Report: Prices for the Most Affordable U.S. Homes Rose 9% in June
Prices for the most affordable third of homes sold in June in the U.S. were up 8.7% annually, according to… Read more
CalSTRS Outperforms Real Estate Benchmark Despite ‘Roller Coaster’ Market
The California State Teachers’ Retirement System (CalSTRS) reported a 6.8% net return on investments for the fiscal year ending June… Read more
Google Grabs $1B of Verizon Properties in Sunnyvale; Verizon Plans San Jose Tech Hub
@media only screen and (max-width: 600px) { #verizonPhoto { overflow: auto; } } In what would rank as the largest… Read more
Daydream Snags First California MFs in DTLA
Denver-based Daydream Apartments acquired two Class A multifamily properties in Los Angeles from owner and developer, Holland Partner Group, for… Read more
NorthMarq’s Shafer: SoCal Apartment Fundamentals Create Opportunities
By Shane Shafer Southern California continues to be a market that is highly sought after. The first half of the… Read more
Sares Regis Breaks Ground on Fortinet’s New Sunnyvale HQ
Construction commenced on a 172,000-square-foot headquarters building for Fortinet in Sunnyvale. Sares Regis Group of Northern California (SRGNC)’s commercial real… Read more
SpringHill Suites Property in Corona Sold
The SpringHill Suites by Marriott Corona Riverside, a 130-suite, select-service hotel in Corona, CA, has traded hands. Titanium Elite Inc.… Read more
WeWork Targets $3.5B IPO for September
WeWork is looking at a September launch for its initial public offering, Bloomberg News reported. The co-working company is targeting… Read more
WeWork’s ARK Buying San Francisco’s 600 California for $330M
ARK, the global real estate investment and management platform of WeWork, is acquiring 600 California St., a 20-story, Class A… Read more
San Diego Office Market Stays Strong: Occupancy, Rents, Sales Up, Vacancy Down
The latest reports are coming in from SoCal brokerage research teams and a quick look at the San Diego office… Read more
SF Treasurer: CRE Plays Significant Role in Funding City’s Work
By Ben Johnson Local commercial real estate owners are expected to contribute more than $146 million to the City of… Read more
A Patient Sobrato Plans Market Street Towers in San Jose
Mountain View, CA-based The Sobrato Organization submitted development plans for Market Street Towers, a 19-story Class A office tower in… Read more
Dimensional Fund Advisors Renews at Prime Santa Monica Property
Dimensional Fund Advisors (DFA) renewed its 36,000 square-foot lease at 1299 Ocean Ave. in Santa Monica. The deal covers the… Read more
LaSalle Lands South Coast Metro’s 4 Hutton
LaSalle Investment Management’s U.S. value-add fund series, LaSalle Income & Growth, acquired 4 Hutton Centre, a 216,864-square-foot office building in… Read more