California
3 CRE Questions with David Kluver, Managing Director for NGKF in Newport Beach
By: Dennis Kaiser Small building acquisitions tend to fall below the radar, especially when there are so many large deals… Read more
HFF Closes Sale on 177.5K SF Tower in SD’s Little Italy
Holliday Fenoglio Fowler, L.P. (HFF) closed the sale of 610 West Ash, a 19-story, 177,489-square-foot office tower in downtown San… Read more
Fitbit Closing in on 300K SF Charles Schwab Sublease Space
For more news on office transactions and SF’s changing market, attend Connect San Francisco on May 12 at the Hibernia… Read more
AAA Relocates Insurance Claims Unit to Valencia
The Automobile Club of Southern California (AAA) is relocating an insurance claims operation to Great Point Investors’ Summit in Valencia.… Read more
KKR Heads West, Targets California CRE
Global investment firm KKR & Co. LP expanded its commercial real estate business onto the West Coast, with the formation… Read more
China Trainmaker Wants More After $1.3B Win
CRRC Corp., China’s only manufacturer of high-speed locomotives, is pursuing opportunities in other U.S. cities after winning a $1.3 billion… Read more
Living Spaces Expands in Bay Area
Prologis leased 354,000 square feet of industrial space at Silicon Valley Logistics Park to Southern California-based Living Spaces. The furniture… Read more
Alliance Breaks Ground on $60M Broadstone Makers Quarter MF Project
Phoenix-based Alliance Residential Co., broke ground this week on Broadstone Makers Quarter, the first project to move forward in San… Read more
Lewis Seeks to Develop Empire Lakes Golf Course Site
A distressed golf course in Rancho Cucamonga, CA could be redeveloped into a high-density, urban community that appeals to millennials,… Read more
PRES Launches 4th Office Condo Project in Newport Beach
A joint venture between Irvine-based PRES Companies, CitiVest and Bitcentral launched 4340 Von Karman in Newport Beach, CA, the market’s only… Read more
Bernards Tops Out $33.6M Rehab Facility in Malibu
Los Angeles-based Bernards, together with design partner DLR Group, LA County Supervisor Sheila Kuehl, and the LA County Probation and… Read more
Dairy Queen Aims to Add 400 Stores in California
Dairy Queen is expanding across California, with plans to add 400 new stores in the next 10 years. The identified… Read more
CBRE Closes in on Salesforce Tower Space
Los Angeles-based CBRE Group Inc. is reportedly in talks to take roughly 42,000 square feet of space at the $1-billion,… Read more
Santee Town Center Acquired for $27.5M
Santa Monica-based Union City Investments LLC acquired Santee Town Center, a four-building retail center, from Irvine-based Pacific Castle Inc. for… Read more
R.D. Olson Breaks Ground Outside Orange County
Newport Beach-based R.D. Olson Development broke ground this week on its latest hotel, a 204-room Residence Inn by Marriott Silicon… Read more
USC Casden Forecast: MF Rents Expected to Soar at Least 2 More Years
The 2016 USC Casden Multifamily Forecast released this week revealed that higher demand for apartments across Southern California is expected… Read more
Orange County’s Construction Job Growth Tops Nation
Orange County added 12,500 construction jobs year over year since February 2015, according to data from the Associated General Contractors of America.… Read more
Trumark Urban Reveals 220-Unit Mid-Market Condo Project
Trumark Urban, a division of Irvine-based Trumark Cos., is moving forward on 1601 Mission, a 220-unit condominium project in San… Read more