California
$400M MXU Approved, First Ritz-Carlton in San Diego
San Diego’s city council approved the market’s first Ritz-Carlton Hotel, that is part of a $400-million, mixed-use retail and residential… Read more
Ontario MXU Goes for $24M
CBRE Group, Inc. completed a $23.95-million sale of a mixed-use property in Ontario, CA to an unidentified private investor. The… Read more
World-First Shipping Container Taco Bell Debuts
The world’s first shipping container-based Taco Bell is set to open this year in SoCal. Installation of a five-module, 1,080-square-foot… Read more
Hudson Pacific Inks Foster City’s Largest Lease in 18 Months
Qualys, Inc. signed a 75,000-square-foot lease at Hudson Pacific Properties, Inc.’s four-building Metro Center in Foster City, CA. The lease,… Read more
Schmidt Joins CBRE in DTLA
CBRE Group, Inc. expanded its advisory and transaction management group with the addition of Sonya Schmidt. Schmidt will be based… Read more
NAIOP Capital Markets: Past, Present and Future Opportunities
NAIOP’s Fall Forum: The Power Panel – Capital Markets brought together CRE professionals in the exciting space at OUE Skyspace… Read more
Carlsbad Research Center Assets Acquired
El Segundo, CA-based Alvarez & Marsal Capital Real Estate, LLC acquired a pair of freestanding, single-story buildings located in Carlsbad,… Read more
$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