California
Jay Paul Co. Claims San Jose’s City View Plaza for $284M
SJ Cityview, an affiliate of San Francisco-based developer Jay Paul Co., acquired City View Plaza, an 11-acre, 579,541-square-foot mixed-use project… Read more
Rexford Snags Pair of SoCal Facilities for $20M
Los Angeles-based Rexford Industrial Realty, Inc. acquired a pair of SoCal properties for a combined $20.3 million. The industrial assets… Read more
Pasadena Playhouse District MF Sold for $66M
The Andalucia, a newly-built, 118-unit, resort-style multi-housing community in Pasadena, has sold for more than $66 million. The seller was… Read more
California Commercial Real Estate Market Trends Hold Steady
Despite tax cuts and incentives, tariffs, higher interest rates, higher cap rates, and slowing employment growth, the outlook for California… Read more
112-Acre Carmel Valley Site Claimed for Wetlands Restoration Project
The State of California Department of Transportation (Caltrans) acquired a 111.6-acre land parcel in Carmel Valley for more than $2.7… Read more
Westcore Properties Buys Industrial Facility in Rialto
San Diego-based Westcore Properties purchased a 130,599-square-foot warehouse/distribution facility in Rialto, CA from Legacy Ranch, Inc. for $11.425 million. The investor… Read more
Balanced Economy Reflected in Q2 Office Leases
The Orange County Q2 2018 office market reports from commercial real estate brokerage houses confirm the Orange County economy and… Read more
Platinum Storage Enters Oakland Market with 1,000-Unit Facility
Platinum Storage Group plans to begin construction of Storage Direct Oakland, a 1,087-unit, four-story, 155,000-square-foot self-storage facility in Oakland, CA.… Read more
DTLA MF Development Site Acquired for $24M
Realm Group, LLC acquired a 1.7-acre land parcel in the Fashion District of DTLA for $24.250 million. The site is… Read more
Deliveries and Demographics: Q&A with Colliers’ Will Mathews
In this Q&A installment, Connect Media posted questions about apartment deliveries and demographics to Colliers International’s Will Mathews, who is… Read more
Hunt’s John McAlister: Modular Multifamily, Rental Affordability
Affordability and apartment rents could be considered mutually exclusive terms. In response, multifamily developers are working to reduce rents through… Read more
$164M Loan for Four-State, 3M-SF Industrial Portfolio
Bellwether Enterprise Real Estate Capital LLC closed a $164-million permanent loan secured by 16 industrial and warehouse properties across Washington,… Read more
Production Company Pulls Up SoHo Stakes in Move to Industry City
Animation house Buck is relocating from SoHo to Industry City in Brooklyn’s Sunset Park, more than doubling its footprint. The… Read more
Vacancies Reach 18-Year Low as E-Commerce Keeps Growing
Industrial vacancies nationally have reached their lowest point since 2000, Dallas-based valuation advisory firm BBG said Tuesday. The second quarter… Read more
Calder Conrad Joins Kidder Mathews Investment Team
Kidder Mathews expanded its San Diego team with the addition of Calder Conrad, who joins as a vice president. Before… Read more
$300M, 12,000-Seat Stadium MXU Complex Proposed in Thousand Palms
Alpharetta, GA-based Richmond Honan Development and Acquisitions LLC proposed developing a $300-million, 12,000-seat stadium in Thousand Palms, CA. The indoor,… Read more
$200M MXU in Santa Ana Under City Review
San Diego-based Wermers Properties proposed 603-unit Elan mixed-use development in Santa Ana, CA is under review by the city’s planning… Read more
Virgin Hotels Sets San Francisco Opening
Virgin Group, founded by Sir Richard Branson, plans to open Virgin Hotels San Francisco this fall. The company began taking reservations… Read more
High Street Residential’s 550-Unit MXU Approved in Pasadena
High Street Residential, a subsidiary of Trammell Crow Co., received approval from the Pasadena, CA City Council to develop a… Read more