California
Chicago/Midwest People & Company News, week of March 21, 2025
W.E. O’Neil Construction announced that Brian Ramsay is transitioning from CEO to chairman of the board while John Finn will… Read more
Airport-Adjacent Sheraton Scores Cash-Out Refinance
Marcus & Millichap Capital Corporation (MMCC) arranged $10.6 million for the refinancing of Four Points by Sheraton San Diego, a… Read more
Goodman Breaks Ground on 49.5-MW Data Center in Vernon
Goodman Group commenced construction of Goodman LAX01 Vernon, a 49.5-megawatt data center in Vernon. Sitting on a 5.6-acre site, the… Read more
New Baseball-Centric Entertainment Concept to Debut in Katy
Taroko Sports will open the first of a number of planned American entertainment concepts in Katy, TX (24539 Katy Fwy).… Read more
Return to Lender: Week of March 20, 2025
CLARIFICATION: As reported by Connect CRE on March 13, Morningstar Credit initially cited “monetary term default” as the cause behind… Read more
Savills Relocates LA Offices to Century City
Savills will consolidate its two Los Angeles offices and relocate to a full floor at 1900 Ave. of the Stars this summer. The… Read more
Wonderful Real Estate’s Joe Vargas on Making the Deal Work for You
Although the 12-month horizon for Southern California’s industrial market isn’t readily visible, Wonderful Real Estate president Joe Vargas has a… Read more
JLL Arranges Sale of Fully Leased Kearney Mesa Offices
JLL Capital Markets completed the $12.35-million sale of 8965 Balboa Ave., a 27,761-square-foot office building. The deal represents one of several… Read more
Nvidia to Build Quantum Research Center in Boston Area
Chipmaker NVIDIA announced it will build a Boston-based research center to advance quantum computing. The NVIDIA Accelerated Quantum Research Center,… Read more
Shopoff Will Re-Entitle Amway Site for Residential Use
Shopoff Realty Investments said Wednesday that in partnership with a national home builder, it has acquired a 13.75-acre property in… Read more
Culver City Industrial Secures Bridge Financing
IPA Capital Markets, a division of Marcus & Millichap, arranged the $26.5-million financing of a 76,755-square-foot, Class-A industrial building located… Read more
Historic Beaumont Library Undergoes Renovation, Expansion
C.W. Driver Companies has broken ground on a $15-million Beaumont Carnegie Library renovation and expansion project. Originally built in 1914, the historic… Read more
Somerville MOB Secures Fixed-Rate $30M Loan
Mortgage banking firm Gantry secured a $30-million permanent loan to refinance a 101,000-square-foot, four-story medical office building located at 40… Read more
Swig Adds Two Tenants at SOMA Office Property
The Swig Company signed leases with two new tenants at 501 Second St., a Class A office property in San Francisco’s SOMA neighborhood.… Read more
Scripps Health Moves Ahead with $1.2B San Marcos Campus
Scripps Health said it plans to move forward with the development of a new medical center campus in San Marcos. The… Read more
CareTrust to Enter UK Market with REIT Acquisition
CareTrust REIT, Inc., headquartered in San Clemente, CA, will acquire Care REIT plc for 108 pence in cash per ordinary… Read more
Kennedy-Wilson Properties Rebrands as KWP Real Estate
Kennedy-Wilson Properties, Ltd., a real estate advisory services provider specializing in commercial brokerage and property management, will operate under a… Read more
CBRE Arranges Sale of Family-Owned Clairemont Apartments
(Updated with additional information) CBRE negotiated the sale of Genesee Park at 3625 Earnscliff Pl. in San Diego to American… Read more
Two AI Firms Bring One Santana West to More Than 80% Leased
Federal Realty Investment Trust said Etched and Securit.ai signed leases to move their headquarters to the new One Santana West office building at Santana Row in… Read more