California
Koreatown MXU Hotel, MF Moves Forward
A proposed new mixed-use project in Koreatown received good news that will bring to life a 21-story hotel and residence destination.… Read more
CBRE Promotes Philip Voorhees to Vice Chairman
CBRE promoted Philip Voorhees to Vice Chairman, the highest producer ranking at the firm. Voorhees heads the National Retail Partners–… Read more
3,100-Acre Wine Country Resort Acquired
Aetna Springs Resort, a 3,100-acre Wine Country asset in Napa County, has been sold. Alchemy Resorts bought the property and… Read more
Rising, GreenOak JV Snags Iconic CalEdison in DTLA
Rising Realty Partners and GreenOak Real Estate Advisors bought The CalEdison, an iconic 287,615-square-foot, 14-story office building in DTLA from… Read more
10 New Laws That Will Affect California Apartment Industry This Year
Numerous laws that took effect on New Year’s Day are expected to impact the way rental housing providers do business… Read more
It’s Official: California is Exporting Many Jobs to Texas
In recent months, headlines have focused on company shifts from California to Texas. Analysts from the Federal Reserve Bank of… Read more
TruAmerica Multifamily Snags Tempe MF’s for $67M
Los Angeles-based TruAmerica Multifamily, in joint venture with an unnamed institutional capital partner, acquired a two-property, 472-unit apartment portfolio in… Read more
CIM, Golub Acquire Mag Mile Office Tower
CIM Group and Golub & Company have acquired 444 N. Michigan Ave. along the Magnificent Mile. The property is across… Read more
Port Authority Brings Electric Buses to Airport Shuttle Fleet
The Port Authority of New York and New Jersey has agreed to procure 18 Proterra electric buses for shuttle service… Read more
How the Other 6.9% Lives
Maybe it’s coincidence, or maybe it’s a marker of gentrification. Either way, the census tract with the fastest-growing population of… Read more
Trammell Crow Residential’s 36-Story Little Italy MF Approved
Texas-based Trammell Crow Residential received the go-ahead from Civic San Diego on a proposed 36-story apartment building with nearly 400… Read more
NAI Capital Completes $7M Shopping Center Sale in Chino
Chino Promenade 3, a 41,431-square-foot community shopping center in Chino, CA, has traded hands for $6.85 million or $165-per-square-foot. NAI… Read more
Red Capital Expands Small Balance Lending Platform in Orange County
Columbus, OH-based Red Mortgage Capital, LLC continues to grow its Small Balance Loan (SBL) Platform with the addition of Matthew McCreary… Read more
Lincoln Lands Burlingame Hospital-Adjacent MOB for $39M
Lincoln Property Company acquired a 104,000-square-foot medical office property adjacent to Mills-Peninsula Medical Center in Burlingame, CA for $39.2 million.… Read more
Square Claims CIM’s Uptown Station Office Redev in Oakland
Los Angeles-based CIM Group signed a lease with Square, Inc. for the entire roughly 320,000 square feet of office space in… Read more
Aries Capital Provides Refi on Comfort Inn
Aries Capital has arranged a $7.05-million bridge loan to refinance the Comfort Inn at 3010 Finley Rd. in Downers Grove,… Read more
Core San Diego Industrial Facility Sells for $25M
A 135,000-square-foot single-tenant facility at 2710 Progress St. in Vista, CA has sold for more than $24.7 million. The core… Read more
Ontario Senior Community Trades Hands
Villa Plaza, a 66-unit senior community in Ontario, CA, has sold for $9.4 million. The buyer was an undisclosed San… Read more
Bixby JV Secures $180M Credit Facility for Industrial Assets
HFF arranged a $180-million credit facility on behalf of a programmatic JV between Newport Beach, CA-based Bixby Land Co. and… Read more