California
RAF Pacifica Plans Creative Office Campus in North San Diego
Encinitas, CA-based RAF Pacifica Group acquired 4.43 acres in Carlsbad, CA, where it plans to develop in•sti•gate, the first true… Read more
Reverse Logistics Drives Industrial Expansion
There’s still time to register for Connect Inland Empire on October 6. Explore the agenda and register today! The growing trend… Read more
$255M JV Formed for Platinum Triangle Development
San Diego, CA-based JPI formed a $255-million joint-venture with Beijing-based Grand China Fund to develop a 747-unit luxury residential project… Read more
Prologis Starting First Facility at $1.2B Oakland Army Base Redev
The first ground-up development at the $1.2-billion Oakland Army Base redevelopment project is set to begin shortly. San Francisco-based Prologis… Read more
C&W Promotes Marc Renard
Cushman & Wakefield promoted Marc D. Renard to Executive Vice Chairman of the company’s Capital Markets Group. Based in DTLA,… Read more
C&W Expands Enterprise Solutions Team
Cushman & Wakefield expanded its Enterprise Solutions platform with the addition of a pair of CRE industry veterans. Bryan Jacobs… Read more
Gelt Shells Out $66M for Westhills Ownership Rights
Gelt Inc. has acquired the 400-unit Westhills in Lakewood, CO. The Los Angeles-based buyer paid $66 million to seller FPA… Read more
Owner Ends Hold on Parc 114, Sells to Colony Capital
Houston-based Hines and AEW Capital Management sold Parc 114, a 52-acre light industrial park in Irving, TX. The duo, working… Read more
Westcore Acquires Industrial Portfolio for $75M
San Diego, CA-based Westcore Properties acquired a 514,169-square-foot industrial portfolio in San Diego’s North County from Boston-based TA Realty for… Read more
ALDI’s Distribution Facility, Regional HQ Certified LEED Gold
ALDI’s Moreno Valley, CA distribution center and regional HQ received LEED Gold certification from the USGBC. The expanding German grocery… Read more
HCP Prices $750M Debt Financing by QCP Related to Planned Spin-Off
Irvine, CA-based HCP’s wholly-owned subsidiary, Quality Care Properties, Inc., priced a $750-million offering that is expected to close by Oct.… Read more
GE Digital Takes Another 100K-SF at Bishop Ranch
GE Digital signed a 100,000-square-foot expansion lease at Sunset Development Co.’s 2600 Bishop Ranch. The software arm of GE, which… Read more
Chase Plaza Acquired for $50M
CBRE Group, Inc. completed the sale of Chase Plaza, a 15-story office building in DTLA, for more than $50-million. The… Read more
Houston REIT Pays $72M for Scottsdale Retail
Whitestone REIT, headquartered in Houston, reportedly paid $72.5 million to acquire two retail plazas in Scottsdale, AZ. The buyer acquired… Read more
Bascom Pays $35M to Boost Vegas MF Portfolio
The Bascom Group LLC bought the 312-unit Trellis Park Crossroads Apartments in North Las Vegas. The Irvine, CA buyer paid… Read more
Part 4 Q&A: Allen Matkins’ Condas Explains the Impact of CEQA
In the final installment of our four-part series on the challenges facing developers in California today, we conclude with an… Read more
Natural Stone Supplier Cuts Deal with Rexford
Tutto Marmo Inc. signed a 39,832-square-foot lease renewal valued at $3-million in San Diego. The space at Los Angeles-based Rexford… Read more
Marcus & Millichap Closes $60.2M Coastal MF Deal
Calabasas, CA-based Marcus & Millichap’s Institutional Property Advisors (IPA) division closed the $60.25-million sale of Casa Monterrey, a 208-unit apartment… Read more