California
Norwegian Fund Claims $453M Stake in Pair of Kilroy’s SoMa Assets
Norwegian-based Norges Bank Real Estate Management reportedly paid $452.9 million for a 44% stake in a Kilroy Realty Corp. entity that… Read more
Robertson Obtains $59M Refi for Hawaiian Retail Center
Robertson Properties Group (RPG) obtained a $59 million refinancing loan on Pearl City Gateway, a 146,205-square-foot shopping center at 1150… Read more
Investor Enters Tucson with 1,004-Unit MF Buy
Monarch Investment & Management Group LLC paid $47.5 million to Hamilton Zanze of San Francisco for acquisition of five multifamily… Read more
VC Funding Continues to Flow into San Diego
CBRE’s latest snapshot of venture capital investment in San Diego reveals an increasing flow to the sector, including the largest… Read more
Sares Regis Proposes Moreno Valley Industrial Facility
Irvine, CA-based Sares Regis Group’s Indian Street Commerce Center in Moreno Valley, CA is undergoing reviews for a proposed industrial… Read more
Equity Office Divests Pasadena Asset for $30M
Chicago-based Equity Office sold 150 East Colorado Boulevard, a 62,286-square-foot, boutique office building in Pasadena, CA’s Old Town neighborhood to… Read more
Blackstone In, Goldman Sachs Out on $1.8B Portfolio Deal?
Blackstone Group LP appears to be the big winner in the bid to acquire $1.8 billion in U.S. CRE assets… Read more
Chicago’s Tribune Tower to Sell for $240M
Los Angeles-based developer CIM Group reached an agreement with Tribune Media for the latter’s iconic 740,000-square-foot Tribune Tower at 435… Read more
InvenTrust Picks Up Oceanside Retail Center for $23M
Oak Brook, IL-based InvenTrust Properties Corp. acquired Old Grove Marketplace, a 91%-leased, 81,279-square-foot grocery anchored community center located in Oceanside,… Read more
QVC Opens 1M-SF Distribution Center in Ontario
Connect Inland Empire returns on October 6. See the agenda & register here. West Chester, PA-based QVC’s first distribution center on… Read more
Rockefeller Expands Western Development Team
Michael Chukwueke joined The Rockefeller Group’s Irvine, CA-based West Region as Manager, Development and Financial Analysis. The firm is currently… Read more
TMG Acquires Second Oakland Office Asset
San Francisco-based TMG Partners acquired 2201 Broadway, an eight-story 198,000-square-foot office building in Oakland, CA from an undisclosed seller for… Read more
Boston Global, UTC $3B MXU Site Demo Underway
Be sure to check out and register for Connect Apartments, coming to L.A. on September 15. Demolition work is underway on… Read more
Can Apple iPhone 7 Shift Revenue Trend?
Invitations arrived this week in media inboxes for an Apple Inc. event at San Francisco’s Bill Graham Civic Auditorium on… Read more
Hertz Pays $417M For Midwest Portfolio
Hertz Investment Group of Santa Monica, CA acquired four office buildings in the Midwest, paying seller Equity Commonwealth $416.7 million… Read more
Canadian Buyer Pays $21M for Arizona MF
Hamilton Zanze sold The Arbors at 5th Apartments at 805 W. Brown St. in Tempe, AZ. The buyer, Western Wealth… Read more
Passco Snags 400-Unit Bradenton, FL MF for $75M
Passco Cos. now owns ParkCrest Landings, a 400-unit multifamily asset in Bradenton, FL. The Irvine, CA-based buyer paid $75 million… Read more