California
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
Nordstrom Says “Goodbye” After 31 Years in Downtown San Diego
Nordstrom has closed its doors in downtown San Diego’s Westfield Horton Plaza. The upscale retailer, which became a mainstay after… Read more
Judge Upholds Approval of $3B World Logistics Center
Connect Inland Empire returns on October 6. See the agenda & register here. The City of Moreno Valley’s approval of Moreno… Read more
Global Auto Ad Agency Renews, Expands at The Strand in Huntington Beach
Innocean Worldwide executed a lease renewal and expansion of its HQ at The Strand in Huntington Beach, CA. The global… Read more
Legacy Partners JV Completes $64M MF Asset, Land Acquisition
Be sure to check out and register for Connect Apartments, coming to L.A. on September 15. Foster City, CA-based Legacy… Read more
L.A. Investment Group Acquires Bayless Valencia NNN
Los Angeles-based Sierra Nevada Investment Group, Inc. acquired Bayless Engineering & Manufacturing’s buildings in Valencia, CA in a triple-net leased… Read more
Eliken Nabs 1.4M-SF Industrial in Corsicana, TX
Eliken Properties, an industrial real estate investment company acquired a 1.4-million-square-foot building in Corsicana, TX from California seller Hackman Capital… Read more
Nashville Superspeedway Under Contract for $45M
Dover Motorsports Inc. entered into a definitive agreement to sell its Nashville Superspeedway facility to Panattoni Development Co. In addition… Read more
Star World: Merging Clicks and Bricks
E-commerce isn’t going anywhere, but brick-and-mortar retailers are rethinking and redesigning their stores to attract consumers. Star World, a relatively… Read more
Lee & Associates Negotiates 1.75-Acre Land Sale
Connect Inland Empire returns on October 6. See the agenda & register here. Canale Family Trust and Meyer Family Trust… Read more