California
CA Passes $15 Minimum Wage, NY Not Far Behind
By: Daniella Soloway California Governor Jerry Brown will sign a bill on Monday to raise the state’s minimum wage to… Read more
Voit Completes 12-Building Portfolio Sale
Voit Real Estate Services completed the sale of a 12-building, multi-tenant, industrial/flex portfolio in San Diego to RAF Pacifica Group… Read more
Alexandria, TMG JV Proposes Mixed-Use in SoMa
Pasadena-based Alexandria Real Estate Equities and San Francisco-based TMG Partners submitted a revised plan to the San Francisco City Planning… Read more
CBRE Completes $43.8M Deal for Riverside’s University Village
University Village, a 180,681-square-foot, non-core, multi-level, theater-anchored entertainment center in Riverside was sold for $43.89-million, representing a 6.20 percent cap… Read more
Beauty Company Relocates HQ From Irvine Spectrum
Los Angeles-based Western States Technologies Inc. signed a seven-year lease valued at $4.5-million with SeneGence International, a multi-faceted beauty and… Read more
Avison Young Completes $52M Sale of Historic DTLA Building
Canadian-based Bonnis Properties acquired the Foreman & Clark Building in downtown Los Angeles for $52-million. The historically significant, 13-story, 147,346-square-foot… Read more
Lennar, Wilson Meany Initiate $6B Treasure Island/Yerba Buena Island Redevelopment
Treasure Island Community Development (TICD) initiated a decade-long construction process for its ambitious $6-billion redevelopment of Treasure Island/Yerba Buena Island.… Read more
Amazon Plans Another Mega-Facility in San Bernardino
Dallas-based Hillwood Investment Properties is developing a 1.1-million-square-foot fulfillment center for Amazon at AllianceCalifornia, a 2,000-acre trade and logistics center… Read more
Development Site Acquired for Millenia Office in Chula Vista
Solana Beach-based Chesnut Properties acquired a seven-acre site and option on the balance of a 28-acre site in Chula Vista… Read more
Caruso Reveals Refined Vision for Palisades Village
Los Angeles-based Caruso Affiliated unveiled its updated vision for Palisades Village, a 116,000-square-foot redevelopment in Pacific Palisades. The retail developer… Read more
Lincoln Property Co. Takes FLIGHT at Tustin Legacy
Dallas-based Lincoln Property Co. is moving forward on FLIGHT, an 870,000-square-foot distinctive work community at Tustin Legacy, in the heart… Read more
Bascom Sells AZ Multifamily for $47M
The Bascom Group of Irvine, CA has sold the 352-unit Fairways, a class A apartment complex in Chandler, AZ. Virtu Investments… Read more
EBay Motors Team Expands with Cargigi Acquisition
Ebay is boosting its car-buying process with the acquisition of Irvine-based Cargigi, a large provider of advertising and marketing services… Read more
NGKF Recruits Howard to Capital Markets Team
NGKF Capital Markets added veteran capital markets leader Brunson Howard to its San Diego office. Howard, who brings 10 years… Read more
Google Expands into 280K SF at Moffett Towers
Mountain View-based Google Inc. expanded its presence in Sunnyvale, reportedly taking roughly 280,000 square feet at Jay Paul Co.’s 1.8-million-square-foot… Read more
New Auto Center Moves Forward in Claremont
New Orleans-based Premier Automotive Group is redeveloping a seven-acre site along the 10 Freeway that’s been vacant for 11 years.… Read more
KSL Reflags St. Regis as Monarch Beach Resort
Denver-based KSL Capital Partners is dropping the St. Regis flag at its 400-room resort in Dana Point. The property will… Read more
Westfield Acquires SD Macy’s Building for $16.5M
Sydney-based Westfield Corp. acquired an historic Macy’s building at Mission Valley mall for $16.5 million. The sale-leaseback transaction includes a… Read more
Global Tech, Electronics Manufacturer Takes 110K SF in San Jose
Jabil Wolfe, a unit of Jabil Circuit, leased approximately 110,000 square feet of space at MWest Property Co.’s 5981 Optical… Read more