California
Peak Season Hits Early, California Port Cargo Surges
Container volumes at California’s two biggest ports, Los Angeles and Long Beach, jumped 8.4% in June compared to a year… Read more
JMA Ventures Snags Nevada Office Portfolio for $52M
San Francisco-based JMA Ventures acquired a five-building office portfolio totaling 271,114 square feet in Henderson, NV from American Nevada Company… Read more
Mass Transit Drives Rent Growth in Major US Metros
The national average rent in transit-accessible office buildings was 65% higher than the average market rent in early 2018, according… Read more
Entertainment Firm Signs on at Boutique Vornado Offices
Cushman & Wakefield has arranged a 10-year, 16,113-square-foot lease for entertainment company Anonymous Content at Vornado Realty Trust’s 155 Spring… Read more
Hackers Continue to Target Healthcare; LabCorp Latest Victim
If you’ve ever had any lab tests done at LabCorp, there’s a very good chance your patient records have been… Read more
Not-for-Profit Health Systems Drive M&A
More than three-fourths of M&A deals announced during the first half of 2018 involved not-for-profit acquirers, according to the latest… Read more
ALDI Opening 7th Store in San Diego Market
ALDI plans to open a 20,184 square-foot supermarket in Mira Mesa’s Plaza Sorrento later this fall. The grocery chain will… Read more
Seven-Building Business Park Sold in Montclair
Montclair Business Center, a 96,363-square-foot, multi-tenant business park in Montclair, CA, has traded hands for $13.725 million. The buyer was… Read more
R.D. Olson Construction Moving HQ to Irvine Co.’s Spectrum Center
Irvine Company signed a 13,354-square-foot lease with R.D. Olson Construction at 400 Spectrum in Irvine, CA. The general contracting firm… Read more
Pair of Silicon Valley Self-Storage Facilities Sell for $25M
Two institutional-quality self-storage facilities in the Silicon Valley submarket of Los Gatos traded hands for $25 million. The 84%-occupied facilities,… Read more
Nike Live Debuts in WeHo
Nike signed a 4,557-square-foot storefront lease at 8552 Melrose Ave., in the heart of the Melrose shopping district, for its… Read more
Disneyland Celebrates 63 Years with a Tribute to 1955’s Opening Day
Disneyland Resort marked its 63rd anniversary Tuesday with a tribute to Disneyland Park’s opening on July 17, 1955. When Walt… Read more
Sale-Leaseback Arrangement Nets Two Assets for LTC Properties
LTC Properties struck a deal with Koelsch Communities to acquire, then lease back, two memory care properties in North Texas.… Read more
Steadfast Acquires Kentucky Land for Independent, Assisted, Memory Care Facility
An affiliate of Irvine, CA-based Steadfast Companies purchased five acres of land in Lexington, KY for $2 million, and plans… Read more
Yardi Matrix: US Multifamily Rent Growth Surges to Record in June
If there was any doubt that the apartment sector could withstand robust supply deliveries, the latest research by Yardi Matrix… Read more
Applied Renews, Extends Distribution Hub Lease in Fontana
Applied Industrial Technologies (AIT) renewed and extended its 165,300-square-foot lease at Vintage Park East, in Fontana, CA. The 5-year deal… Read more
Veteran MF Broker Bob Patterson Joins JLL from CBRE
Commercial real estate industry veteran Bob Patterson joined JLL’s SoCal multifamily team from CBRE , where he spent more than… Read more
Embassy Suites Napa Valley Sold for $102M
Bethesda, MD-based RLJ Lodging Trust sold the 205-room Embassy Suites Napa Valley for $102 million, or roughly $498,000 per key.… Read more
Volkswagen Expands Oxnard Footprint
BLT Enterprises leased an 89,811-square-foot industrial and office facility in Oxnard, CA to Volkswagen Group of America, Inc. The property… Read more