California
REIT Buys 900-Unit Chula Vista Self Storage Facility
Strategic Storage Growth Trust, Inc., purchased a roughly 900-unit self storage facility in the San Diego suburb of Chula Vista.… Read more
Berkeley MF Files SB 35 Streamlined Approval, After Five-Year Process
The recently enacted state law, SB 35, was used to move the development of a Berkeley, CA housing project forward.… Read more
CIM Group Acquires Downtown Oakland Property for 288-Unit MF Development
CIM Group, and joint venture partner Strada Investment Group, acquired a parcel at 1100 Clay St. in Oakland from the… Read more
Greg Galusha Joins PeerStreet to Lead Commercial Real Estate Team
PeerStreet expanded its leadership team with the addition of Greg Galusha as head of commercial real estate at the platform… Read more
Trump Blocks Broadcom’s $117B Qualcomm Bid
Broadcom’s $117-billion hostile takeover bid for San Diego-based Qualcomm was blocked by a Presidential Order. President Trump cited “national security”… Read more
Blackstone REIT Acquires $1.8B Canyon Industrial Portfolio
Blackstone Real Estate Income Trust, Inc. acquired the Canyon Industrial Portfolio, a 22-million-square-foot portfolio of industrial assets, for roughly $1.8… Read more
Green Street: Midtown Office is 20% Overpriced
Midtown Manhattan office properties look 20% overpriced compared to the major markets on the West Coast based on current pricing,… Read more
Sales Volume Surges in Second Half of 2017
A new capital markets report from CBRE tracks San Diego sales activity and cap rates for the second half of… Read more
Electrolux Takes 424K SF in Fontana
Electrolux Home Products, Inc. signed a 424,427-square-foot lease at the I-10 Citrus Distribution Center in Fontana, CA. The warehouse is… Read more
San Clemente Chase Bank Sold at Record-Breaking Cap Rate
A newly-built, free-standing Chase Bank in San Clemente, CA has sold for for $4.3 million in an all cash transaction.… Read more
James Malone Leaving Brookfield for Colliers
Connect Los Angeles is coming up on March 27th at the Hotel Indigo in DTLA. Here is where to get… Read more
Apple’s Fourth U.S. Campus Search Requirements
Apple’s search for a location for its fourth U.S. campus is shaping up to be a markedly different process than… Read more
DFW is No. 2 Target for CRE Investment
A recent survey of commercial real estate investors ranked Dallas-Fort Worth as one of the top two target markets in… Read more
Apple and Facebook’s Big Data Centers Change Cowtown Culture
According to a 2017 CBRE report, the most active areas for data center construction in the U.S. were Chicago, Detroit,… Read more
RAF Pacifica Group Acquires Carlsbad MXU
Encinitas, CA-based RAF Pacifica Group acquired an 18,127-square-foot, two-story retail and office property located in Carlsbad for $3.2 million. The… Read more
Penwood Picks Up 350K-SF T-Oaks Property for $44M
Hartford, CT-based Penwood Real Estate Investment Management acquired a multi-tenant, 347,119-square-foot R&D/industrial building located in Thousand Oaks, CA from Majestic… Read more
Avison Young’s Mark Rose Q&A: Brokerages Going Global, Winning Locally
By Dennis Kaiser The space today’s brokerage firms occupy is evolving as clients seek a complex blend of expertise, resources… Read more
KBS Capital Advisors Claims City Tower for $147M in Orange
City Tower, an iconic 20-story, 435,177-square-foot office building in Orange, CA, has traded hands for $147.25 million. The Class A… Read more
Amazon Books Opens First Texas Locale in Austin
The first Amazon Books location in Texas has opened at the Domain Northside mixed-use development on Austin’s far-north side. The… Read more