Los Angeles
ASB Acquires Industrial Facility in Riverside for $124M
ASB Real Estate Investments (ASB) acquired a newly-constructed, one-million-square-foot, Class A industrial distribution facility in Riverside, CA from a client… Read more
Brookhaven Apartment Community Trades for $99M
Los Angeles-based Pacific Coast Capital Partners has acquired The Goodwynn at Town Brookhaven, a 372-unit apartment community in Atlanta’s Brookhaven… Read more
Trade War Hits Southern California Ports Hard
Cargo trade through Southern California is feeling the impact of the trade war between the U.S. and China. The Port… Read more
SoCal Flower Market MXU Development Green-Lit
A plan to redevelop and expand the Southern California Flower Market in DTLA into a mixed-use complex received approval from… Read more
Mesa West Delivers $88M for Newly-Built 1M-SF Riverside Industrial
Mesa West Capital provided an $87.95-million, five-year, floating rate debt package for the acquisition and lease-up of a recently delivered… Read more
Realtors’ Group Says Low Interest Rates Don’t Keep Affordability In Check
Higher home prices negated the lowest interest rates in more than a year, and reduced Californians’ ability to afford a… Read more
Drawbridge Closes on $100M Office Deal in Orange County
San Francisco-based Drawbridge Realty purchased Pacific Center, a 390,600-square-foot, two-building corporate office campus in Santa Ana, CA for $97.5 million.… Read more
California Governor Backs Rent Control Bill
California Gov. Gavin Newsom says he supports efforts to cap annual rent increases in the state. He ventured even further… Read more
Marcus & Millichap Sells South County Net-Leased Asset
Marcus & Millichap and Commercial Property Group handled the sale of 26211 Enterprise Way, a 58,760-square-foot flex/R&D property in South… Read more
Hackman Acquires Manhattan Beach Studios from Carlyle in $650M Deal
Los Angeles-based Hackman Capital Partners acquired, through an affiliated entity, The MBS Group, a film and TV studio real estate… Read more
Equity Commonwealth Sells 1M-SF Research Park
Equity Commonwealth closed the sale of Research Park, a 1.1-million-square-foot office and industrial development in northwest Austin. Also part of… Read more
Kroenke Lands $90M Stadium Deal with American Airlines
American Airlines appears to be the first official naming partner for Stan Kroenke’s new $5-billion Los Angeles Stadium in Inglewood.… Read more
CIM Group Divests Hollywood & Highland to DJM, Gaw Capital
CIM Group sold Hollywood & Highland, the 463,000-square-foot retail and entertainment center in Hollywood, to a partnership between San Jose-based… Read more
Carmel Partners Bags Whole Foods Market at Cumulus District MXU
San Francisco-based Carmel Partners signed a roughly 50,000-square-foot lease with Whole Foods Market for a flagship grocery store that will… Read more
Arden Hearing Takes on West Coast Development Role for Lendlease
Sydney, Australia-based Lendlease appointed Arden Hearing as Executive General Manager, Development for the West Coast, effective August 5. He will… Read more
CBRE’s Patrick Sentner Shares Ways SIOR Helps Members Stay a Step Ahead of Competition
By Patrick J. Sentner, SIOR 2019 Global Vice President Q: How is the office market changing across the country? What… Read more
Commercial Real Estate’s Fastest-Growing Media Company Signs Leases on Both Coasts
Connect Media has signed leases in New York and Los Angeles, and secured office space in Atlanta at co-working provider… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
Historic Hotels Carry on Culinary Traditions
By Zoe Stutman Hotels have played an intrinsic role in the creation of America’s cultural fabric. They have enabled a… Read more