California
27-Acre Redmond, WA Campus Sold for $136M
Willow Creek Corporate Center, a seven-building, Class A office park in the thriving tech submarket of Redmond, WA, has traded… Read more
Golub, CIM Offload 40-Story South Loop Apartment Tower
Locally-based Golub & Company and Los Angeles-based CIM Group, which jointly developed 1001 S. State St., have sold the 40-story… Read more
Secondary Markets Leading Multifamily Rent Growth
Even in the midst of increasing multifamily supply, rent growth continues increasing, mainly buoyed by economic growth. And, according to… Read more
Carlsbad Creative Office Claimed for $17M
San Diego-based Coseo Properties Inc. acquired a creative office property in Carlsbad, CA for $17.4 million. The modern space is… Read more
Final Lots Sold in Terramor’s Initial 600-Lot Phase
Foremost Companies sold the last of 600 lots in the first phase of development at Terramor in Corona, CA. Van… Read more
Bayview, Morley Team Up on 499-Unit Dublin TOD MF
San Jose-based Bayview Development Group Inc. and Los Gatos-based The Morley Bros. unveiled plans for St. Patrick Way Residential, a… Read more
Kristi Ruggeberg Joins Passco’s Multifamily Team
Irvine, CA-based Passco Companies expanded its multifamily leadership team with the addition of Kristi Ruggeberg as a Director of Multifamily… Read more
Atlas Capital Claims El Segundo Adaptive Reuse for $39M
Insite, a two-building office campus redeveloped on the site of a former Raytheon research facility in El Segundo, CA, has… Read more
CoreLogic Reports June Home Prices Increased by 6.8%
Home prices rose nationally by 6.8% year over year from June 2017 to June 2018, as reported by the CoreLogic… Read more
Waterton Divests PDX Lloyd District MF for $66M
San Diego-based MG Properties Group acquired Axcess 15, a 202-unit, transit-oriented apartment property in the Lloyd District in Portland, OR.… Read more
Sentre Sells Recently-Renovated La Mesa MF
Sentre divested Enclave at Lake Murray, a 35-unit, newly-renovated, garden-style apartment property in La Mesa, CA. RM Realty acquired the… Read more
Koll Claims Corona Office Asset
Irvine, CA-based The Koll Company acquired a 65,000-square-foot office building in Corona, CA that’s leased primarily by nationally leading companies.… Read more
Legacy Opens Lux MF Community in Costa Mesa
Bay Area-based Legacy Partners opened 580 Anton, a five-story, 250-unit luxury apartment community in Costa Mesa, CA. The property features… Read more
NKF Completes Record Sale of Sacramento Retail Center
Elk Grove Commons, a 241,926-square-foot retail center in Elk Grove, CA, has been acquired by Rye, NY-based Acadia Realty Trust… Read more
BKM Acquires 300K-SF Burbank Asset for $85M
Backlot Burbank, a 12-building, 302,869 square-foot industrial business park in Burbank, CA was acquired by Newport Beach, CA-based BKM Capital… Read more
CRE Pricing Cools in Most Sectors, Yet Remains Hot in Others
The latest research by Newport Beach, CA-based Green Street Advisors shows commercial real estate pricing has plateaued over the past… Read more
CMBS Delinquencies Remain Elevated in Chicago
As July ended, Chicago’s CMBS delinquency rate was the third-highest of major U.S. metros at 5.3%, according to Trepp data.… Read more
THE HIRING SQUAD: How A Strategic Recruiting Partner Can Support Your Business Growth
In this edition of The Hiring Squad, Kent Elliott, principal at RETS Associates, a leading national real estate recruiting firm,… Read more
NY Life Sells Carlsbad Office Asset for $27M
New York Life Real Estate Investors, on behalf of an institutional client, divested Centerpoint Plaza in Carlsbad, CA for $26.8… Read more