California
What’s a Better Investment, Facebook or Real Estate?
If a San Francisco median house purchase was made with a 20% down payment rather than all cash, and adjusted… Read more
Mesa West Debt Fund Oversubscribed, Receives $900M in Equity Commitments
Los Angeles-based Mesa West Capital closed its largest closed-end real estate debt fund, reaching its hard cap of $900 million… Read more
CPT Group Acquires Irvine HQ
Irvine, CA-based The CPT Group purchased a 14,208-square-foot corporate HQ building Irvine from North Tustin Investment Group, LLC for $5.35… Read more
Lincoln Divests Carlsbad Research Center Plaza
El Segundo, CA-based Alvarez & Marsal Capital Real Estate, LLC acquired Research Center Plaza in Carlsbad, CA from a Lincoln… Read more
Manufacturing Sector Trending Downward, Regional Economy Still Growing
The Inland Empire Purchasing Managers Index dropped for the third straight month to 47.4 in December. An index reading below… Read more
Kilroy’s First Palo Alto Acquisition Includes Theranos HQ
Los Angeles-based Kilroy Realty Corp. acquired two office assets in Palo Alto’s Stanford Research Park from Stanford University for a… Read more
Feds Unearth $1.5B for Purple Line Extension
The federal government is providing nearly $1.5 billion in grants and loans to fund the second phase of Metro’s Purple… Read more
DFW Property Values Equal Poland’s GDP
Those who live in the Dallas-Fort Worth metro know that single-family housing prices are increasing. The numbers bear that out;… Read more
Pima Crossing Sells for $46M
Karlin Real Estate in Los Angeles struck a deal with Regency Centers Corp. to acquire the 238,275-square-foot Pima Crossing shopping… Read more
3 CRE Q&A: The Drivers of Santa Monica’s Multifamily Market
By Dennis Kaiser Chelsea Santa Monica is a recently-opened, four-story, mixed-use project in supply-constrained Santa Monica, CA from Century West… Read more
CBRE Completes Sale of Scripps Mesa Retail Center
Scripps Mesa Retail Center, a recently-renovated 25,721-square-foot property, traded hands for $11 million. The buyer was the locally-based Shah Family… Read more
HFF Arranges Moreno Valley Retail Center Refi
Holliday Fenoglio Fowler, L.P. secured $7.3 million in refinancing for Ironwood Plaza, a 56,289-square-foot retail property in Moreno Valley, CA.… Read more
State Supreme Court to Consider Banning Ranch Lawsuit
Arguments are scheduled to be heard this week by the California Supreme Court over Newport Beach, CA’s approval of the… Read more
Carey Watermark Acquires Iconic Ritz-Carlton, San Francisco
Carey Watermark Investors 2 Incorporated (CWI 2) acquired The Ritz-Carlton, San Francisco hotel from Annapolis, MD-based Thayer Lodging, Brookfield Hotel… Read more
41-Story Westlake Luxury Residential Project Proposed
The Walter and Aeshea Jayasinghe Family Trust proposed The Lake on Wilshire, a 41-story, luxury high-rise apartment development in Los… Read more
Coretrust Acquires DTLA’s Citigroup Center for $336M
Los Angeles-based Coretrust Capital Partners, LLC acquired the iconic Citigroup Center, a 48-story office tower located in DTLA’s CBD for… Read more
Bascom Expands MF Footprint in Vegas
Irvine, CA-based The Bascom Group, LLC acquired Spectrum Apartments, a 252-unit luxury apartment community in Las Vegas from an undisclosed… Read more