California
IPA Brokers Eight-Property, $162M SoCal MF Deal
Van Nuys-based Sikand Properties divested eight multifamily assets encompassing 644 units for $161.9 million. Located across several SoCal communities, the… Read more
Effective Office Rents Drop in Major Cities, But Not in California
Fueled by extensive new construction underway and large quantities of older space flooding the office market, U.S. landlords in major… Read more
ESI Ventures Sells PHX MF for 4X Purchase Price
ESI Ventures divested Madison Grove Apartments in Phoenix to Rincon Partners in an off-market transaction valued at $21.45 million. The… Read more
CREFC’s Lisa Pendergast on a Rising Rate Environment
Commercial real estate, and the availability of debt and equity that fuels activity in the sector, has reaped the benefits… Read more
Invesco Closes $80M Loan for San Diego MF Complex
Invesco Real Estate originated a $80 million senior loan to finance the acquisition and full redevelopment of Bella Posta Apartments, a 344-unit,… Read more
Duke Leases 824K SF, Acquires Pair of ‘Last Mile’ Facilities
Duke Realty executed 824,363 square feet of leases at newly-developed or recently-acquired buildings in SoCal. The Indianapolis-based REIT also expanded… Read more
NAIOP SoCal Real Estate Rumble Another ‘Knock-Out’
On April 26, NAIOP SoCal held its annual Night at the Fights event. A sold-out crowd of nearly 1,000 commercial real estate… Read more
Bay Area’s Largest Single Industrial Building in Development Breaks Ground
Connect Bay Area is coming up May 17th. Here is where to get more information and register. Pacific Commons Industrial… Read more
Industrial Property Trust Inks Expansion, Relocation Deal with Supply Chain Firm
A recently-renovated 104,339-square-foot industrial building in Rancho Dominguez, CA has been leased to Apex International. The global supply chain solutions… Read more
Coreland’s Ben Terry: Leasing Realities of Fast-Moving Food Trends
By Dennis Kaiser The growth of the fast-casual restaurant sector and rapidly evolving food trends have benefited the retail industry,… Read more
Andeavor Nabbed by Marathon in $23B Deal
Marathon Petroleum Corp. announced it would buy San Antonio-headquartered Andeavor for more than $23 billion. Once the deal closes in… Read more
Dockless Biking Gets 6-Month Trial on South Side
Chicago’s Department of Transportation is launching a dockless-biking pilot program this week on the South Side, enabling users to locate… Read more
Red Flag Issues in Property Condition Assessments
By Joseph Derhake, CEO Partner Engineering and Science, Inc. These five frequently identified problems can indicate big liability and costs.… Read more
Retail-Focused Firm Launched by 40-Year CRE Veteran
Michael Cortazzo, a commercial real estate expert with four decades of experience, has launched Crossroads Retail Advisors. HQ’d in San… Read more
RCA’s Jim Costello Tracks Bay Area Capital Flows
By Dennis Kaiser Commercial real estate economist Jim Costello of Real Capital Analytics is one of the featured speakers at… Read more
Dual-Brand Marriott Hotel Launched in Marina
Irvine, CA-based R.D. Olson Construction broke ground on a dual-brand Marriott Hotel in Marina del Rey, CA. Located on Via… Read more
Overton Moore, Invesco Plan $300M Fremont Development
Southern California-based Overton Moore Properties and Invesco plan to break ground on the $300-million Pacific Commons South in Fremont, CA.… Read more
Oceanwide Plaza Topped Off in DTLA
International developer Oceanwide Holdings officially topped off its three residential and hotel towers at Oceanwide Plaza in DTLA, located at… Read more
Colony Industrial Acquires Las Vegas Industrial Portfolio
Los Angeles-based Colony Industrial acquired a two-building warehouse portfolio at Henderson Freeways Crossing in the Henderson submarket of Las Vegas. The project was developed… Read more