California
“Political Risks” Cool Investor Appetite for Chicago
Chicago, New York and San Francisco all rank in the top five of global markets in which investors plan to… Read more
Home Sales Reverse Course, Slide 4.9% in March
Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors (NAR). Each of… Read more
California Rent Control Bills on Assembly Docket This Week
A pair of California rent control bills are set to receive their first legislative hearings on April 25. The bills… Read more
Jack Sullivan Returns to Cresa
Cresa expanded its team in Orange County with the addition of Jack Sullivan as SVP. He returns to the company… Read more
SoCal’s Booming Industrial Market Attracts Global Investors
Foreign investment in SoCal industrial assets nearly tripled year-over-year, ranking the region number one in 2018, according to CBRE Research… Read more
Airport Passenger Numbers Rising in Ontario
The number of airline passengers who traveled through SoCal’s Ontario International Airport increased by more than 5% last month, compared… Read more
Newmark Realty Capital Completes $317M CRE Mortgages During Q1 2019
San Francisco-based Newmark Realty Capital, Inc. (NRC) closed $316.5 million of commercial mortgages during 1Q2019 across 56 transactions. The independent… Read more
Gensler Selected as Architect for Proposed New SDSU Mission Valley Stadium
San Diego State University selected Gensler as the architect for a proposed new multi-use stadium in Mission Valley. The global… Read more
Sentre Sells Poway Facility Occupied by Mitsubishi Subsidiary
Sentre disposed of a 73,000-square-foot industrial facility in Poway, CA to Socal Stowe, LLC for $15.95 million. Located at 13450… Read more
Red Hot Industrial Conditions Persist
Los Angeles is home to the nation’s busiest seaport complex and experienced the tightest vacancy rate in the country, which… Read more
Tishman Speyer ‘Tops Out’ Latest Addition to San Francisco Skyline
Tishman Speyer celebrated the topping out of MIRA, its newest community of 392 luxury condominium residences in San Francisco. Construction… Read more
Paseo Nuevo Renovations Launched in Santa Barbara
Pacific Retail Capital Partners and J.P. Morgan Asset Management broke ground on a multi-million-dollar redevelopment of Paseo Nuevo, a 458,000-square-foot… Read more
Mill Creek Updates Plan for Proposed Hollywood MXU
Dallas-based Mill Creek Residential Trust’s draft EIR for Modera Argyle, a 276-unit multifamily development in Hollywood, has been released. The… Read more
California’s Job Gains Modest, Near Full Employment Hinders Growth
California continues to add jobs, though the latest employment report shows the pace has moderated. The number of payroll jobs… Read more
Pebblebrook Introduces the “Unofficial Z Collection” in Portland
Pebblebrook Hotel Trust completed the transformation of The Hotel Zags Portland, previously Hotel Modera in downtown Portland. The 174-room upper-upscale… Read more
Where Retirees Are Headed, and Where They’re Coming From
For decades, it has been a cliché: retirees pulling up stakes from harsher winter climes up north, and living out… Read more
MIG Sells Sorrento Mesa’s Cornerstone Office Center
Newport Beach, CA-based MIG Real Estate divested Cornerstone Office Center in San Diego’s Sorrento Mesa submarket to an undisclosed private… Read more
Apollo Acquiring Smart & Final Again in $1.1B Deal
Commerce, CA-based Smart & Final Stores, Inc. entered into a definitive merger agreement with certain investment funds managed by affiliates… Read more
Equity Financing Arranged for $320M MF Development in San Francisco
HFF arranged joint venture equity for the development of 1629 Market Street, a fully-entitled, 420-unit multi-housing project in San Francisco.… Read more