California
Redlands Business Park Acquired for $12M
An office business center in Redlands, CA sold to an undisclosed 1031-exchange buyer for $12.25 million. Located at 1453-1481 Ford St., the… Read more
IRR Expands California Footprint
Integra Realty Resources (IRR) is expanding, with the opening of two new California offices. The independent commercial real estate valuation… Read more
Scripps Unveils Master Plan for 5 Hospital Campuses
Scripps Health unveiled a master plan that will touch five hospital campuses across San Diego County, representing the largest building… Read more
Incipio Group Expands to 70K SF in Irvine
Incipio Group signed a roughly 70,000-square-foot lease at 3347 Michelson Drive within Park Place, a 105-acre mixed-use complex in Irvine,… Read more
$100M Creative Conversion of Northrop Grumman El Segundo Site
Los Angeles-based Hackman Capital Partners acquired a 30-acre commercial real estate property in El Segundo, CA from Northrop Grumman, and… Read more
Adidas “Rows” into Office Space in DTLA
German athletic brand Adidas plans to open a 31,000-square-foot office at ROW DTLA in Los Angeles early next year. The… Read more
Airbnb and SF’s Largest Landlord Join Forces
While Airbnb has faced challenges with the city of San Francisco, the tides may be turning. Pillow, a San Francisco-based… Read more
Uber and NASA Sign Agreement for Flying Taxis
This past week, Uber reportedly signed a deal with NASA to partner on developing a system for its ride-sharing flying… Read more
Video: E-Commerce Growth Drives Inland Empire
Connect Media asked industry leaders their insights about the biggest trends driving the Inland Empire’s commercial real estate markets at… Read more
Renovation of 188-Unit Santee Affordable Housing Community Completed
Irvine, CA-based WNC provided approximately $13.2 million in low-income housing tax credit (LIHTC) equity to fund the renovation of Woodglen… Read more
Anaheim Platinum Triangle Dev Site Finally Sold
Pacific Industrial acquired an 8.5-acre land site in Anaheim’s Platinum Triangle for $14.57 million. Since 1973, the property had been… Read more
Perenchio Malibu Portfolio Expected to Fetch More Than $150M
Savills Studley and The Agency joined forces to market the Perenchio Family’s Malibu Portfolio that includes more than 70 acres… Read more
Dubious Honor of “Least Affordable” Goes to LA
San Francisco, which has been the nation’s least affordable housing market for nearly five years, was supplanted by Los Angeles… Read more
Connect Healthcare Conference Wrap-Up
Connect Healthcare brought together more than 150 healthcare real estate professionals to the Andaz Resort & Spa in Scottsdale, Ariz.,… Read more
Grocery-Anchored Center Goes for $32M
Upland Town Square, a 100,350-square-foot, grocery-anchored retail center located in Upland, CA sold to Brixmor Property Group for $31.7 million.… Read more
Sacramento MF Trades for $59M
CBRE Capital Markets arranged the $59 million sale of The Landing at College Square, a 270-unit, Class A apartment community… Read more
Ground Broken on Newport Harbor Medical Plaza
Pasadena-based C.W. Driver Companies broke ground on Newport Harbor Medical Plaza, a 26,500-square-foot, Class A medical facility in Newport Beach,… Read more
Prologis Picks Up 29-Acre Industrial Site in Downey
Prologis, Inc. acquired Downey Industrial Center, a 29.16-acre industrial site in Downey, CA for an undisclosed amount. The seller was… Read more
California Studying Public Pot Bank
California State Treasurer John Chang proposed four recommendations for the marijuana industry this week, one of which was the creation… Read more