California
Will Glendale Feel the Crunch from Nestle’s Departure?
By Dennis Kaiser Nestle became Glendale, CA’s signature HQ in the 1990s, following the disappearance of Glendale Federal Savings, Genstar… Read more
Connect Silicon Valley Recap: The Sectors and The Future
By Daniella Soloway Connect Silicon Valley drew CRE owners, investors, developers, lenders, brokers, architects and more to the Capital Club… Read more
Chula Vista Industrial Claimed for $17M
Philadelphia-based Exeter Property Group acquired a 162,660-square-foot, two-building industrial property in Chula Vista, CA from Alpine Creek Investments LLC for… Read more
Urban Jungle Swings into Murrieta Gateway Center
Urban Jungle Fun Park signed a 10,793-square-foot lease at Murrieta Gateway Center in Murrieta, CA. The San Diego-based company will open… Read more
$130M Refi for MF Portfolio
NorthMarq Capital arranged $130.7 million in refinancing of a portfolio of three SoCal multifamily properties. The assets contain a combined… Read more
Avison Young Grows Tri-Cities, Valley Team
Toronto, Canada-based Avison Young expanded its team in SoCal with the addition of a highly-regarded trio of brokers. Chris Baer,… Read more
AIR CRE: SoCal’s CRE Situation
AIR CRE launched its innovative, member-owned platform in SoCal on Jan 25. The network’s introduction of critical tools and resources… Read more
Nestlé USA Relocating HQ to Virginia
Nestlé USA will relocate its U.S. headquarters from Glendale, CA to an office tower in Arlington, VA. The food and… Read more
Infill MXU Proposed in Oakland
Oakland, CA-based Ellwood Commercial Real Estate proposed a mixed-use residential development near Lake Merritt in Oakland’s Lakeshore-Adams Point area. The… Read more
Bank-Occupied Asset Boasts Record PSF, Cap Rate
Faris Lee Investments completed a $3.3 million sale of a single-tenant, triple-net leased property occupied by U.S. Bank in Hesperia,… Read more
Little Italy Site Acquired for $15M
Union and Ash, a 27,611-square-foot site in San Diego’s Little Italy, was acquired for $15.2 million. A preliminary study suggested… Read more
JLL Expands MF Presence in SoCal
Mike Easter joins JLL as Executive Vice President, and will focus on the sale and financing of multifamily assets in… Read more
Nordstrom Rack Joins FIGat7th Mix
Nordstrom Rack is set to join the merchant mix in fall 2017 at Brookfield’s 330,000-square-foot FIGat7th retail center in DTLA.… Read more
California Leads Nation in Union Membership
Union membership grew in California last year, while across the country union rolls shrunk. The latest numbers from the Bureau… Read more
Tucson Apartments Sell for $13M Total
Two Tucson apartments traded hands in different transactions for a total of $13 million. Both properties were acquired by private… Read more
1,200-Unit Residential Added to Landing at Oyster Point
Chinese developer Greenland USA proposed adding nearly 1,200 residential units and 22,000 square feet of retail and amenity space to… Read more
Plans Changing for Murrieta Marketplace
The groundbreaking for Murrieta Marketplace, a 500,000-square-foot retail project near French Valley, CA, has been delayed until later this year.… Read more
Murphy Acquires 540K-SF Otay Mesa Office Campus
San Diego-based Murphy Development Co. acquired a 542,197-square-foot, two-building office campus in Otay Mesa, CA from Panasonic Corporation of North… Read more
NAIOP SoCal Sets Stage for 2017
By Dennis Kaiser NAIOP SoCal recently welcomed its 2017 Executive Committee and Board of Directors, and it encompasses a diverse… Read more