California
Alexandria Named 2019 NAIOP Developer of The Year
Pasadena, CA-based Alexandria Real Estate Equities, Inc. was selected by NAIOP as the 2019 Developer of the Year. The award,… Read more
Apple Plans to Open Office in Westbank’s Futuristic Vancouver Tower
Apple Inc. plans to open an office at Westbank Corp. and Allied Properties REIT’s 24-story 400 West Georgia in Vancouver,… Read more
Architect Cesar Pelli Dies at 92
Cesar Pelli, who designed landmarks on four continents yet downplayed his own style, died July 19 at age 92 in… Read more
Cali Buyer Ends Multiyear Hold on 74K-SF Colorado Office
The Lagomarsino Group, headquartered in Visalia, CA, ended its 13-year hold on Plaza 200 & 300 at Highlands Ranch Business… Read more
Oceanside SpringHill Suites Secures $21M Refi
JLL arranged a $20.7-million refinancing for SpringHill Suites by Marriott San Diego Oceanside/Downtown, a 149-room, all-suite, LEED-certified Silver, select-service hotel… Read more
Safe Lots for Homeless: A Solution or More Fuel to Growing Problem?
By Cole Feldman San Francisco intends to designate a parking lot near the Balboa Park public transportation depot as ‘safe’… Read more
CRE Industry Pushes for Updates to 1948 Law Regulating NYC Drone Use
By Paul Bubny Flying a drone is effectively prohibited in New York City, notwithstanding a 2016 rule from the Federal… Read more
California Home Sales Retreat; Yet 2019 Outlook Revised Upward
California home sales fell below the benchmark 400,000 level in June, as sales declined from both the previous month and… Read more
Boeing-leased El Segundo Property Sold for $51M
A two-building 200,220-square-foot office campus in Los Angeles’ El Segundo submarket has been sold for $50.8 million. Located on nearly… Read more
Cigna, Cruzan JV Secures $56M Refi for Laguna Hills Creative Office Campus
A joint venture between Cigna Investments Management and Solana Beach, CA-based Cruzan secured a $55.9-million loan for the refinance of… Read more
Greenworks Lending Expands on West Coast
Greenworks Lending, a private capital provider that funds energy performance-enhancing commercial real estate projects, expanded its footprint throughout California with… Read more
Carson Companies Claims Perris Site, Plans Development
The Carson Companies acquired a roughly 9.87-acre development site in Perris, CA from Circle Development for a planned 210,900-square-foot industrial… Read more
58,000-Acre Ashurst Ranch Comes to Market
Rancho Mountain Properties listed the Ashurst Ranch in California’s Central Valley. Spanning San Benito and Fresno counties, the 58,154-acre property… Read more
Bain Capital Sells San Diego Life Sciences Campus for $255M
Bain Capital Real Estate and Phase 3 Real Estate Partners, Inc. sold Genesis Campus Point, a three-building, Class A life… Read more
California Investor Sells 130K-SF Chandler Business Center
Montana Avenue Capital Partners sold Chandler Business Center, a 129,840-square-foot, creative office, flex-tech and retail space, in Chandler, AZ. The… Read more
CommonGrounds Workplace Expands to Portland’s Pearl District
CommonGrounds Workplace is coming to downtown Portland at Irving Street Lofts. The national enterprise-grade Workplace-as-a-Service (WaaS) and co-working operator is… Read more
Downtown Healthcare Campus Unveils Large LED Cityscape Artwork
Robhana Group, Inc. illuminated the multi-story LED cityscape artwork along the 10 Freeway in DTLA near the intersection with the… Read more
Google Finds Development Ally in Lendlease for $15B Bay Area MXU Venture
Google tapped Lendlease for $15-billion development venture for new mixed-use residential developments across the Bay Area. The partnership would bring… Read more
CRE Veteran James R. Brooks Named President of BH Properties
Los Angeles-based BH Properties named real estate veteran James R. Brooks president of the privately held, national real estate investment… Read more