California
$93M Portfolio Sale, 1.1M-SF Lease Reflects Inland Empire Industrial Strength
Des Moines, IA-based Principal Real Estate Investors acquired March Business Center, a 1.38-million-square-foot industrial portfolio in Moreno Valley, CA for… Read more
FivePoint Partners with Live Nation on 12,000-Seat Amphitheater
Aliso Viejo, CA-based FivePoint is partnering with Live Nation Entertainment on a proposed 12,000-seat outdoor music amphitheater adjacent to the… Read more
Historic San Francisco Building Set to Change Hands
New York-based TH Real Estate is acquiring San Francisco’s 400 Montgomery for a reported $50 million from The Hearst Corporation.… Read more
Marina Arts District Getting Another California Landmark MF
Los Angeles-based California Landmark Group (CLG) broke ground on D1, a $30-million, luxury apartment complex in Marina del Rey, CA.… Read more
Irvine Co., Lyft Introduce On-Demand Ride Program
Irvine Company is partnering with Lyft to offer access to on-demand rides. The pilot program is expected to make public… Read more
Trion Acquires Value-Add MF in Beaverton Submarket
Trion Properties acquired the 61-unit Hidden Villas in the Portland, OR submarket of Beaverton. The Los Angeles-based buyer paid approximately… Read more
OliverMcMillan Adds New COO, Promotes Pair
San Diego-based OliverMcMillan expands its leadership team with the addition of Michael O’Hanlon. The 35-year CRE industry veteran joins as… Read more
Hanley Completes Hesperia Off-Market Retail Deal
Corona del Mar, CA-based Hanley Investment Group Real Estate Advisors completed the off-market sale of a 13,940-square-foot multi-tenant retail pad,… Read more
North OC Industrial Complex Sold for $26M
Newport Beach, CA-based Western Realco acquired a five-building, 180,087-square-foot industrial property in Brea, CA from Guardian Capital Management for roughly… Read more
Diablo Technology Center Trades Hands for $47M
San Francisco-based Ridge Capital Investors, LLC and equity partner Greenwich, CT-based Contrarian Capital Management LLC, divested Diablo Technology Center to… Read more
Redevelopment Begins on Santa Monica Proper MXU
Venice, CA-based Kor Group initiated construction on Santa Monica Proper, a mixed-use hotel and retail development in Santa Monica, CA.… Read more
Bill Frame Appointed President, Kidder Matthews
Seattle-based Kidder Mathews appointed Bill Frame as the firm’s President, who will head up 17 offices across five states on the… Read more
Retail Specialist Joins PREP
Rancho Cucamonga, CA-based Progressive Real Estate Partners (PREP) expanded its retail team with the addition of Gretchen Lastra. The senior… Read more
Amazon Expands in Irvine
Amazon is expanding in Orange County, reconfiguring a nearly 190,000-square-foot facility in Irvine, CA. The giant e-commerce retailer is building… Read more
Santa Clara Office Asset Trades for $30M
Florida-based Consolidated-Tomoka Land Co. acquired a roughly 76,000-square-foot office building in Santa Clara, CA from Hopkins, MN-based CarVal Investors for… Read more
1.3M-SF Industrial Project Breaks Ground
Highland Park, IL-based International Airport Centers, Inc. broke ground on the nine-building, 1.3-million-square-foot IAC Commerce Center in Valencia, CA. Phase… Read more
Ports, USC, US Commerce Dept. Form Alliance
A new strategic partnership between the Ports of Los Angeles and Long Beach, USC and the U.S. Dept. of Commerce… Read more
Mesa West Funds $90M on Austin Campus
Mesa West Capital provided KBS Realty Advisors with a $90.5 million first-mortgage loan. The financing will recapitalize KBS’ recent all-cash… Read more
Miracle Mile Trades Hands for $1.1B
The Miracle Mile Shops, a massive, 200-story indoor mall within the Planet Hollywood Resort on the Strip, has traded hands.… Read more