California
CBRE Adds Stephen Somer, Brooke Silver from Eastdil
CBRE has added Stephen Somer and Brooke Silver to the firm’s Capital Markets team in Los Angeles. Somer, who served… Read more
Las Vegas A’s Unveil Plans for $1.75B Stadium
The Athletics unveiled renderings that provide an updated glimpse inside the team’s planned $1.75 billion Las Vegas ballpark at what… Read more
Goldrich Kest Taps Industry Veteran Kent Crandall as CFO
Goldrich Kest, one of Southern California’s largest privately owned real estate investors, developers and property managers, appointed Kent Crandall as its… Read more
Luxury Senior Rentals Break Ground in Irvine
The James of Irvine, a luxury senior living community, recently celebrated its groundbreaking, marking a milestone for what’s reportedly the area’s… Read more
Badlee Development Inks 119K-SF Industrial Lease in Otay Mesa
Colliers arranged the 119,044-square-foot lease of Building 2 within Sanyo Logistics Center at 9350 Airway Rd. in San Diego’s Otay… Read more
Bay Area Ranks as Global Hub for GenAI
For generative artificial intelligence (GenAI), the Bay Area is the true hub, Cushman & Wakefield said in a newly released… Read more
Huntington Beach Redevelopment Project Secures $61M Refi
IPA Capital Markets, a division of Marcus & Millichap, arranged the $60.9-million refinancing of a 28.9-acre oceanfront redevelopment project located in Huntington Beach.… Read more
Oceanside Acreage Will Support Mixed-Use Development
CBRE negotiated the $18-million sale of 68.3 acres at 3231 Oceanside Blvd. in Oceanside. Matt Carlson, Hunter Rowe, Camille Doan, Will Pike, Barbara Perrier, Mike Longo and Joe Cesta represented the seller.… Read more
Graham Street Divests Petaluma Industrial After Boosting Occupancy
Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has sold The Redwoods, a nine-unit, 57,174-square-foot flex industrial property in Petaluma. Terms of… Read more
Mystery Buyer Close to Deal for $725M of San Francisco Hotel Debt
A mystery buyer has apparently agreed to buy $725 million in debt on two of San Francisco’s largest hotels, reported the San… Read more
Tricon Breaks Ground on Corona BTR Community
Tricon Residential Inc., a Blackstone Real Estate portfolio company, broke ground on Tricon Corona, a new build-to-rent (BTR) community that… Read more
California People and Company News, Week of March 7, 2025
Thursday, March 20: Be there to learn from and network with the experts from Gantry, CBRE, Wonderful Real Estate, RETS Associates, BKM… Read more
Databricks Relocates San Francisco Headquarters to One Sansome
PGIM Real Estate and Barker Pacific Group (BPG) said Thursday that Databricks Inc., the data and AI company, has signed… Read more
Kidder Mathews’ Eric Paulsen: CRE Industry Anticipates Stability
On March 20 at the Hyatt Regency Irvine, Connect CRE will stage the first of six scheduled in-person events in… Read more
Return to Lender: Week of March 6, 2025
Granite Point Mortgage Trust has taken title to the 140,000-square-foot Lincoln Place office and retail property in Miami Beach, Trepp… Read more
Max Benjamin Partners Arranges $116M Refi on Build-to-Rent Development
Beverly Hills-based Max Benjamin Partners (MBP) secured a $116.2-million refinance loan for investor and developer Adam Tancredi to develop 214… Read more
Encinitas Retail Will Convert from Leases to Commercial Condos
Cushman & Wakefield arranged the acquisition of The Lofts at Moonlight Beach, a mixed-use multi-tenant retail/commercial property located at 90… Read more
Cityline Sunnyvale Passes 75% Mark for Lease-Up
Sares Regis Group of Northern California and Hunter Partners reported impressive leasing activity on both the commercial and residential sides… Read more
Still Property Group Launches Regulation D Fund for Residential Conversions
Los Angeles-based Still Property Group (SPG), a leading real estate investment and development firm, has launched a Regulation D fund intended to… Read more