California
Creative Space Trend Extends to Industrial
Encinitas, CA-based RAF Pacifica Group unveiled plans for cre•ate, a 144,461-square-foot corporate HQ facility situated on 9.7 acres in Carlsbad,… Read more
Pair of Palm Desert Hotels Purchased for $36M
Two Coachella Valley hospitality assets traded hands, including the 151-unit Courtyard by Marriott and 130-unit Residence Inn Hotel. An affiliate… Read more
Davis Research Park Acquired for $70M
University Research Park in Davis, CA, a 17-building, 304,912-square-foot office complex was acquired by Sacramento-based Fulcrum Properties for roughly $70… Read more
DTLA to Get a Proper Hotel
Los Angeles-Based The Kor Group and joint-venture partner, Stork/Alma Development Group, started construction on the Downtown LA Proper Hotel, a… Read more
BKM Strikes Again in Tukwila, Buys 181K SF
BKM Capital Partners made its second acquisition in Tukwila, WA, buying the 181,163-square-foot, light-industrial Andover Executive Park. The Irvine, CA-based… Read more
Colony Capital Now Owns 480K-SF LeeVista
Colony Capital struck a deal with McDonald Development Co. to acquire the 479,100-square-foot LeeVista Business Center, located within the 1,900-acre,… Read more
Who’s Behind Largest-Ever Semiconductor Industry Deal?
San Diego-based Qualcomm plans to acquire NXP Semiconductors in a deal valued at $47 billion. The transaction is believed to… Read more
1031-Exchange Involves Retail, MOB Asset
Hacienda Plaza, a 77,610-square-foot mixed-use retail/medical office property in Santa Ana, CA traded hands for $16.7 million. The 1031-exchange investors… Read more
CBRE Global Investors’ Fund Acquires California Plaza
A fund sponsored by Los Angeles-based CBRE Global Investors acquired California Plaza in Walnut Creek, CA from New York City-based… Read more
$1B Lucas Museum Coming to LA or SF?
George Lucas’ proposed Lucas Museum of Narrative Art is seeking a home. Two different concepts, each likely to exceed $1… Read more
Shopoff Adds 36K-SF Hebron Heights to Portfolio
Shopoff Realty Investments of Los Angeles acquired Hebron Heights, a 36,000-square-foot retail center in Carrollton, TX for approximately $8.1 million… Read more
Hundley Departs CBRE for Kidder Mathews
Seattle-based Kidder Mathews expanded its San Diego team with the addition of John Hundley. He is one of the leading… Read more
Trader Joe’s-Anchored Retail Center Trades for $19.8M
Newport Beach, CA-based Citivest Commercial Investments, LLC acquired Town Center Plaza, an 82,000-square-foot retail property in Palm Desert, CA for… Read more
CBRE Sales Newly-Built Anaheim Concourse for $188.2M
Toronto-based Bentall Kennedy acquired Anaheim Concourse, a 965,255-square-foot industrial property in Anaheim, CA for $188.2 million. The sellers were Newport… Read more
Union Square Retailers Explore Options
The popularity of Union Square, San Francisco’s premier retail district, is spilling over into surrounding neighborhoods. Researchers at JLL are… Read more
Lall Replaces Schatz at Powerful Central City Association
A new CEO is set to take the reins of the Central City Assn., one of DTLA’s most powerful business… Read more
DTLA Flower District Institution Slated for Redev
A $100-million mixed-use project is planned for a DTLA Flower District institution that for more than a century has offered… Read more
JRK Acquires 225-Unit Trillium Heights from JV
JRK Property Holdings bought the 225-unit Trillium Heights apartment complex from Pinnacle and AEW Capital Management. The Los Angeles buyer… Read more
New Casino Secures $460M Refi
The recently-completed Hollywood Casino Jamul-San Diego was refinanced by the Jamul Indian Village Development Corporation (JIVDC) for $460 million. Proceeds… Read more