California
Lennar Breaks Ground on Levity at Tustin Legacy
Miami-based Lennar Corporation broke ground on Levity, a new 218-home community located in Tustin Legacy, 1,600-acre master-planned community that is… Read more
Coveted Marin County Land Deal Sets Up 50-Unit MF Development
Two prized residential land parcels in Novato, CA comprising roughly 3.7 acres have been sold for $9 million. The site… Read more
Lincoln Property Picks Up Newport Beach Asset for $32M
A joint venture between Lincoln Property Company and an unnamed institutional advisor acquired a seven-story, 90,715-square-foot office building located in… Read more
Derrick Moore Rejoins CBRE in DTLA
Derrick Moore, a DTLA retail leasing specialist with more than two decades of CRE experience, has rejoined CBRE. Moore, who… Read more
Hudson Pacific Inks Two of State’s Largest Office Deals
Los Angeles-based Hudson Pacific Properties closed two significant office leases in California. The largest was a 130,000-square-foot lease with coupon… Read more
Cali Buyer Enters Texas, Snaps Up 588 Units
Gelt Inc., headquartered in Los Angeles, made its entry into Texas, acquiring a two-property apartment portfolio in San Antonio totaling… Read more
Canadian Trio Forms Investment JV for $1B US Industrial Play
WPT Industrial Real Estate Investment Trust, Canada Pension Plan Investment Board (CPPIB) and Alberta Investment Management Corporation (AIMCo) formed a… Read more
Chicago’s “Fiscal Health” is Worrisome, Says Green Street
The “fiscal health” of Chicago’s municipal government and Illinois’ state government should give CRE investors pause, warns Green Street Advisors… Read more
Northern Baja Industrial Market Tightens
Interest in the Northern Baja industrial market in Q2 2018 is being fueled, in part, by a challenging economic climate… Read more
Balfour Beatty, Arcadis Selected for 8-M Gallon Water Treatment Design-Build
East Valley Water District’s (EVWD) Board of Directors selected Balfour Beatty and Arcadis as the design-build partner for the Sterling… Read more
Harbor Claims Santa Ana Office Asset
Harbor Associates, LLC acquired 2020 E First Street, a five-story, 112,000-square-foot office building in Santa Ana, in a joint venture… Read more
Splunk Stays Put at Kilroy’s SoMa Portfolio
Los Angeles-based Kilroy Realty Corporation signed a 12-year lease with a Splunk Inc. for 100,850 square feet of office space at… Read more
Anthem Blue Cross Takes Nearly 170K SF at LPC’s Warner Center Building
Anthem Blue Cross is relocating into more than 169,000 square feet of office space at Campus @ Warner Center in… Read more
A Matthews Real Estate Update: Q&A with David Harrington
A year ago, Connect Media sat down with Matthews Real Estate Investment Services’ David Harrington, to ask him why the… Read more
Chesapeake Lodging Trust Sells Hyatt Centric Santa Barbara for $90M
Arlington, VA-based Chesapeake Lodging Trust divested the 200-room Hyatt Centric Santa Barbara, CA for $90 million, or $450,000 per key.… Read more
RED Capital Does $245M in Q2 Deals
RED Capital Group, based in Columbus, OH, closed $245.27 million in transactions during the second quarter of 2018. The firm’s… Read more
Chicago’s Office Users Want Flexible Spaces and Hours
What do Chicago’s office-using employees want? Eighty-eight percent of them want a flexible work environment, according to Capital One’s 2018… Read more
Knotel Inks Management Deal at Sapir Offices
Flexible office provider Knotel has reached a management deal with the Sapir Organization at the office landlord’s 261 Madison Ave.… Read more
Brookfield Taking Forest City Private for $11.4B
Brookfield Asset Management is acquiring Forest City Realty Trust in an all-cash deal valued at $11.4 billion, including the assumption… Read more