California
McGuire Building Acquired for $47M, PDR Use Planned After Redevelopment
Commercial real estate investors/developers, SKS Partners, LLC and ProspectHill Group have acquired the McGuire building in San Francisco for $47-million.… Read more
Angelo Gordon, Lincoln Property JV Refi’s for $53M
A 24-story office tower at 600 B St. in San Diego, owned by a joint-venture between Angelo Gordon and Lincoln… Read more
R.D. Olson Breaks Ground on $120M Irvine Spectrum Marriott
Newport Beach-based R.D. Olson Development broke ground this week on its latest hotel, the 271-room Irvine Spectrum Marriott. Located at… Read more
Pacific Starr Group Sells Pasadena Asset for $44.5M
Pacific Starr Group Inc. has sold Gateway Metro Center, a 121,462-square-foot, 11-story office tower, and a 3.73-acre land parcel in… Read more
Starwood Capital Obtains $1.4B in Financing
Starwood Capital Group, based in Greenwich, CT, has obtained $1.4 billion in Freddie Mac acquisition financing, with help from Irvine,… Read more
Hotel Construction Spree Continues
A hotel development boom is underway in Orange County, and is being fueled by a sizzling tourism industry that saw… Read more
45-Story Tower Unanimously Approved in San Diego
Bosa Development has received unanimous approval from the city of San Diego to move forward on the city’s latest downtown… Read more
Aldi Opens in Eight Inland Empire Markets
Extreme discounter Aldi, who has family ties to Trader Joe’s, is opening its first eight California grocery stores in Beaumont,… Read more
Charles Dunn Names David Pinsel to Lead Brokerage Business
Los Angeles-based Charles Dunn Company named David Pinsel as president of its brokerage services division, replacing Walter F. Conn. Pinsel is a… Read more
Connecting With: Century West Partners’ Michael Sorochinsky
Century West Partners’ co-founder Michael Sorochinsky recently visited Connect Media’s headquarters in DTLA to discuss the company’s existing and up-and-coming multifamily assets… Read more
Equity Residential Sells Palo Alto MF for $412.5M
Woodland Park Communities, an affiliate of Menlo Park-based Sand Hill Property Company, has acquired Woodland Park Apartments in East Palo… Read more
Global Healthcare Firm Takes 125K SF in Moreno Valley
New Zealand-based Fisher & Paykel Healthcare has signed a 125,000-square-foot lease at 24950 Grove View Rd. in Moreno Valley. The… Read more
Related Proposes 26-Story Newport Center Condo Project
Related California Urban Housing LLC is proposing a 26-story condominium tower in Newport Center that’s currently home to the Orange… Read more
Digital Domain Extends Playa Vista Lease
Digital Domain, one of the largest and most influential visual effects studios in the world, has renewed and extended its… Read more
Clayton Lane Sells to JV for $170M
San Diego developer OliverMcMillan has joined forces with Invesco Real Estate to acquire Clayton Lane, a 182,000-square-foot six-building retail property… Read more
Kennedy Wilson Could Shutter Texas Brokerage
Kennedy Wilson will reportedly begin closing down brokerage operations throughout Texas this year. The Beverly Hills, CA company currently has one… Read more
WeWork Leases 75K SF in Downtown San Jose
After recently leasing 70k sf in the North Financial District, tech pacesetter WeWork is set to join San Jose’s skyline… Read more
ConAm Closes $120M MF Fund
San Diego-based ConAm Group has closed the ConAm Multifamily Acquisition Fund, following a $120-million capital raise. The investment and management… Read more
IPT Acquires Logistics Center for $27.9M
Industrial Property Trust (IPT) has acquired a leased-investment property for $27.9-million at 4472 Georgia Blvd. in San Bernardino. The 36-acre site… Read more