California
Exchange Buyer Claims Freestanding Walgreens
A 1031 exchange buyer based in St. Helena, CT is now the owner of a 14,577-square-foot, freestanding Walgreens drugstore in… Read more
George Smith Partners Secures $124M for Ohio MXU
Los Angeles-based George Smith Partners arranged $124.25 million in permanent financing for a roughly 560,000-square-foot, Class A, mixed-use retail and… Read more
Chicago Tops List of Green Office Markets in U.S.
For the second consecutive year, Chicago was named the nation’s greenest city in the annual U.S. Green Building Adoption Index… Read more
EverWest Expands San Diego Footprint with $43M Buy
DMcp, a newly-renovated, Class A creative office project totaling 74,402 square feet in San Diego’s Del Mar Heights community, has… Read more
PwC Takes 200K SF at 405 Howard
PwC, the global professional services firm, plans to lease 200,000 square feet at 405 Howard in San Francisco. The 521,000-square-foot… Read more
ASU Expands into DTLA’s Historic Herald Examiner Building
Tempe, AZ-based Arizona State University signed a lease to open a downtown Los Angeles campus in the historic Herald Examiner… Read more
Investors Form Partnership on $1B Waldorf Astoria, Beverly Hilton
Alagem Capital Group formed an investment partnership with Cain International on a pair of Los Angeles properties, the Waldorf Astoria… Read more
Acquisition Financing Arranged for Recently-Renovated MF in Palm Springs
Walker & Dunlop structured roughly $10.8 million in financing for Prism Multifamily Group’s acquisition of Latitude 33, a 121-unit, Class… Read more
J.P. Morgan Expands California Real Estate Banking Team
J.P. Morgan increased its presence in the Bay Area with the addition of Alex Mast as the Northern California Market… Read more
Shea Starts 500K-SF Industrial in Santa Ana
Shea Properties started construction on Shea Business Center, a new, state-of-the-art industrial park located on the former ITT site on… Read more
DTLA Office Market Continues to Climb
Downtown Los Angeles’ commercial office leasing activity, average rent, and net absorption are all climbing steadily. The Downtown Center Business Improvement District’s (DCBID)… Read more
Ivanhoé Cambridge Claims Inland Empire Site for $450M Logistics Complex
Ivanhoé Cambridge acquired two strategically-located parcels of land in Ontario, CA from CapRock Partners. The Canadian firm plans to develop… Read more
Mindspace Plans First Location in U.S. at Hines’ D.C. Property
European-based Mindspace has opened its first coworking space in the United States at Hines’ One Franklin Square building in Washington,… Read more
Park NinetySix 90 Trades in Value-Add Play
R.S. Jackson Branch sold Park NinetySix 90, a 506-unit, Class B, multifamily complex on Dallas’ northeast side. The Utah seller… Read more
Plenty of Opportunities in Texas: Q&A with Passco’s Gary Goodman
Passco Cos.’ Gary Goodman recently spoke at Connect Media’s Connect Apartments Conference, which took place in Los Angeles. He’s also… Read more
Fast-Growing Storage Startup Leases IDI’s 8A Spec
Storage and moving services startup Clutter has inked a full-building lease with IDI Logistics at the newly-constructed 1065 Cranbury South… Read more
Capexco Breaks Ground on $35M Poway MXU
Canadian-based Capexco Inc. commenced construction on Outpost, a $35-million three-building mixed-use development in Poway, CA. The 53-unit residential project is… Read more
CenterPoint Breaks Ground on 170-Acre Port of Oakland Development
Oak Brook, IL-based CenterPoint Properties plans to commence work in October on CenterPoint Landing, a 170-acre industrial campus at the… Read more
Q&A: CBRE’s Kurt Strasmann Summarizes Orange County Market
Connect Orange County is just around the corner. In case you didn’t know, it is just about the biggest CRE gathering… Read more