California
Opportunity Zone Funds Come in Different Shapes and Sizes
The Dec. 3 update of Qualified Opportunity Zone funds, compiled by the National Council of State Housing Agencies (NCSHA), lists… Read more
Viasat Expands Carlsbad Headquarters, Again
Viasat is in the midst of a multi-phase headquarters expansion that will add more than 350,000 square feet to its… Read more
Prologis Commences Construction on Vernon Business Center
Prologis commenced construction on two Class A industrial facilities in Vernon, CA totaling more than 346,000 square feet. The buildings,… Read more
Cody Cannon Takes SoCal Leadership Role at Colliers
Colliers International Group Inc. expanded its leadership team with the addition of Cody Cannon as Executive Managing Director and Market… Read more
San Francisco Unwraps $551M Moscone Center Expansion
A $551 million expansion that added more than 500,000 square feet of connected exhibit space to San Francisco’s Moscone Center… Read more
Kilroy Divests Calabasas Park Centre for $78M
Calabasas Park Centre, a three-building 225,340-square-foot Class A office campus in Calabasas, CA, has traded hands. Kilroy Realty Corporation sold… Read more
California Feels Impact of Government Shutdown
The partial U.S. government shutdown is rippling across the country with varying degrees of impact. The personal-finance website WalletHub examined… Read more
Illinois Ranks Second to NJ for Outbound Migration
Although New Jersey is the state most likely to see residents move out, Illinois isn’t far behind. United Van Lines’… Read more
Opportunity Zone Impact Expected to be Localized
Part two of a three-part series By Dave Sorter Opportunity Zones may be the hot topic of discussion in the… Read more
Rare New Construction MXU MF in Santa Barbara Sold for $56M
Marcus & Millichap’s Institutional Property Advisors (IPA) division handled the $56.2-million sale of The Marc, a new-construction, luxury 89-unit multifamily asset… Read more
CVS Pharmacy-Leased Asset in Chino Claimed in 1031 Exchange Deal
A retail property leased by CVS Pharmacy in Chino, CA has sold for $7.6 million to a local unnamed 1031… Read more
Seagate Snags Iconic Sacramento Asset from Swift for $47M
San Rafael, CA-based Seagate Properties, Inc. acquired The Senator, a 180,123-square-foot landmark office building located directly across from the State… Read more
FIGS Takes 26K SF at Santa Monica Creative Office
FIGS, Inc. leased 26,118 square feet of office space at Santa Monica Gateway, a brand-new, 200,000-square-foot modern office development. The… Read more
CoreLogic Reports Home Prices Increased by 5.1%; Growth Projected to Slow in 2019
Irvine, CA-based CoreLogic says its latest research shows home prices rose both year over year and month over month for… Read more
KBS Acquires Balance of Denver Asset, Completes 94K SF of Leases at Sister Building
Newport Beach, CA-based KBS completed the acquisition of Village Center Station II in Greenwood Village, CO. KBS previously owned 75%… Read more
Welltower in $1.25B, 55-MOB Deal with CNL Healthcare Properties
Toledo, OH-based Welltower Inc. agreed to buy a portfolio of Class A medical office and outpatient facilities comprised of 55… Read more
St. Louis-Area Retail Pad Trades Below 6.9% Cap
Hanley Investment Group Real Estate Advisors has completed the sale of Kirkwood Square, a 15,944-square-foot retail pad building in the… Read more
The Billion Dollar Club: 2018’s Most Expensive Healthcare Development Projects
In 2018, 12 hospitals and health systems announced or unveiled facility expansions and renovations with price tags of $1 billion… Read more
Meridian Arranges Refi on South Side Apartment Portfolio
Meridian Capital Group has arranged $37 million in financing to refinance a noncontiguous 46-property multifamily portfolio on the South Side… Read more