California
Tesla on Showroom Closures: Never Mind
Tesla decided not to close most of its worldwide showrooms, as it announced in February 2019. Instead, it will keep… Read more
Z Gallerie Files for Chapter 11, Seeks Approval to Close 17 Stores
Los Angeles-based Z Gallerie, LLC filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code. The home… Read more
4.4 Acres Sold in Claremont for Auto Dealership Development
Avison Young completed the sale of a 4.4-acre site in Claremont, CA for the development of a new auto dealership.… Read more
40-Story East Village Residential Tower Approved
Liberty National Corp.’s proposed Park and Broadway multifamily development received an approval from Civic San Diego’s design committee, the downtown’s… Read more
Brookfield Acquiring Majority Stake in Oaktree in $4.7B Deal
Brookfield Asset Management Inc. is acquiring roughly 62% of Los Angeles-based Oaktree Capital Group, LLC in a deal that would… Read more
Lincoln Property Co. Finalizes 150K-SF Katella Office Campus Renovation
Construction is complete on the exterior renovation of Lincoln Property Company’s Katella Office Campus, located at 3131 Katella in Los… Read more
Silicon Valley Spec Development Secures $92M in Financing
HFF arranged $91.7 million in financing for the development of Lawrence Station, a five-story, Class A spec office building in… Read more
Phenix Salon Suites Snags Houston Space
Phenix Salon Suites widened its Houston-area footprint by leasing new locations. The Encinitas, CA-based franchise will open in: 7,267 square… Read more
SIOR’s 2018 Top Transaction Award Winners Announced
The Society of Industrial and Office Realtors (SIOR) announced its Top Transactions Award Winners of 2018. This year, 533 SIOR… Read more
TruAmerica Increases MF Footprint in Two Key U.S. Markets
Los Angeles-based TruAmerica Multifamily acquired in separate transactions, Loretto Heights, a 312-unit apartment community in Denver for $72.25 million; and… Read more
ServiceNow Leases 48K SF, Will Ramp Up Chicago Hiring
Currently housed in an Industrious coworking space within the Fulton Market District, Santa Clara, CA-based ServiceNow will move into traditional… Read more
Alliant Insurance Takes Two Floors at 101 Park
Alliant Insurance Services has signed a lease for 48,500 square feet at H.J. Kalikow & Co.’s 101 Park Ave. The… Read more
CapRock Completes, Sells 140K-SF Ground-Up Development in Corona
Newport Beach, CA-based CapRock Partners completed and sold Temescal Valley Commerce Center, a new 140,000-square-foot Class A industrial building in… Read more
FivePoint Nixes Retail Mall at Candlestick Point Development
FivePoint Holdings is shifting gears at its Candlestick Point development. The developer noted in SEC filings it no longer plans… Read more
Japan’s Mori Trust Lands North San Jose Office Campus for $429M
Tokyo-based developer and real estate investor Mori Trust affiliate, MT Silicon Valley One, is acquiring a three-building office campus in… Read more
JLL Expands San Diego Expertise
JLL continues to expand its expertise in San Diego with the addition of North County experts Chris Baumgart and Steven… Read more
Paul Klink Joins NKF to Lead Industrial Group
NKF added industry expert Paul Klink as North American Industrial leader. Klink, a 33-year industry veteran with a focus on… Read more
Record Pricing Achieved for Colorado Springs MF
Santa Barbara, CA-based NALS Apartment Homes acquired Overlook at Interquest, a 2018-constructed, 264-unit asset in Colorado Springs, CO for $66.5… Read more
Rising Realty’s Chris Rising Previews Connect Los Angeles
By Dennis Kaiser Connect Los Angeles is just around the corner on March 21stat the Hotel Indigo Downtown Los Angeles.… Read more