California
Bixby Land Sells Kearny Mesa Asset for $30M
Newport Beach, CA-based Bixby Land Co. sold AERO, a 4-story office building in San Diego for $30.1 million. The buyer… Read more
Oakley Parent Sees Clear in $49B Merger with French Lens Crafter
The Italian owner of Foothill Ranch, CA-based Oakley is merging with French lens maker Essilor in a deal valued at… Read more
C&W Appoints New West Region Retail Leader
Cushman & Wakefield appointed James Chung to lead its West Region Retail Practice Group. Chung will provide leadership and strategic… Read more
Innovation District Proposed for Civic Center
A proposed master plan for the City of Los Angeles’ Civic Center incorporates innovation districts designed to infuse more life… Read more
Ranking California’s Most Expensive Office Markets
A comparison of five major markets across California reveals a number of interesting findings. Research by JLL finds that San… Read more
Ramona MF Dev Site Trades Hands
Lee & Associates completed the sale of a 2.52-acre multifamily development site in Ramona, CA. Paseo Partners, LLC, acquired the… Read more
Inland Empire Tops Nation in Warehouse Construction
The Inland Empire experienced nearly 25 million square feet of industrial construction last year to lead the nation, according to… Read more
Buyer Found for American Apparel Factory
Compton, CA-based Broncs Inc. is acquiring American Apparel’s textile facility in Garden Grove, CA. Located at 12641 Industry St., the… Read more
NorthMarq Completes $103M Mountain View Refi
Connect Silicon Valley is coming up! See the agenda and register today. NorthMarq Capital arranged $103-million in refinancing for Madrone… Read more
Breathing New Life into Historic Herald Examiner Building
A partnership between The Hearst Corporation and New York-based Georgetown Companies is transforming the iconic Los Angeles Herald-Examiner building into a… Read more
Port of LA Cargo Traffic Hits Record, Long Beach Declines
Container cargo traffic was up 8.5% last year at the Port of Los Angeles, yet its neighbor, the Port of… Read more
San Marcos Shopping Center Sells for $73.4M
Oak Brook, IL-based InvenTrust Properties Corp. acquired Campus Marketplace, a 144,148-square-foot retail shopping center in San Marcos, CA for $73.35… Read more
How Will Amazon’s 100K Hiring Spree Impact Inland Empire?
Seattle-based Amazon announced plans this week to add 100,000 people in the U.S. over the coming 18 months. The jobs… Read more
After 29 Years, Nordstrom Says ‘Goodbye’ to OC Mainstay
Nordstrom is closing its store at Santa Ana’s MainPlace Mall later this spring. The 169,000-square-foot department store, which opened in… Read more
Transit’s Impact on Bay Area Rents
Office rents in markets where transit options and amenities are abundant can be as much as 30% higher on average… Read more
Nickelodeon Opens 200,000-SF Facility
Nickelodeon opened its 200,000-square-foot facility in Burbank, CA this week. Nickelodeon’s facility includes a new five-story building, complete with an… Read more
State Seeks to Cut Construction Red Tape, Delays, and Expenses
Gov. Jerry Brown’s 2017-18 fiscal spending plan incorporates measures designed to increase new housing. The proposed legislation would expedite the… Read more
CBRE Represents USAA in 10M-SF Portfolio Sale
CBRE represented USAA Real Estate Co. in the sale of its North American Logistics Portfolio. As ConnectMedia reported in December,… Read more
275K-SF VA Center Sells at Asking Price
Cullinan Properties, headquartered in Illinois, sold the Austin Veterans Administration outpatient at 7901 Metropolis Dr. in Austin, TX. The buyer… Read more