Los Angeles
Local Buyer Snaps Up Anaheim Apartments
CBRE closed the sale of a seven-unit multifamily property in Anaheim to a private investor for $2,525,000. The selling price represents… Read more
New Deliveries Drive San Diego Q1 Office Vacancies
Vacancy rates continue to rise throughout the San Diego office market in the first quarter of 2024, increasing 70 basis… Read more
Healdsburg Winery Secures Construction Financing
Gantry secured a $7.15-million construction-to-permanent loan for the build-to-suit development of dedicated facilities serving Auteur Wines, a California vintner-founded winery… Read more
CA Assembly Bill Advances with New Regs on Security Deposits
The California Assembly Judiciary Committee approved a bill proposing new regulations on how landlords manage security deposits, while also aiming… Read more
99 Cents Only Stores Closing All 371 Locations
Commerce, CA-based 99 Cents Only Stores LLC said Thursday afternoon it would close all 371 of its stores. The company entered… Read more
New Owner of La Fayette Park Apartments Eyes Workforce Housing
(Updated with additional information) Colliers arranged the $43,440,000 sale of a three-story, 120-unit apartment community in the historic Los Angeles… Read more
LPC Refis West LA’s Wateridge Campus for $65M
JLL Capital Markets arranged $65 million in refinancing for Wateridge, a six-building office and retail campus totaling 583,580 square feet at… Read more
California People and Company News for April 5, 2024
Be there in person for the 8th Annual Connect Los Angeles 2024, May 1 at the Intercontinental Los Angeles Downtown. Industry leading experts… Read more
CareTrust REIT Acquires CCRCs in San Diego, LA and OC
San Clemente-based CareTrust REIT, Inc. has purchased three continuing care retirement communities (CCRCs) located in Los Angeles, Orange, and San… Read more
Grosvenor Launches North American Net Zero Carbon Pathway
Grosvenor, an international property owner and developer with U.S. headquarters in San Francisco, has launched its Pathway to Net Zero,… Read more
Hackman Scales Back Television City Expansion Plans
Hackman Capital Partners on Friday will update its application to the City of Los Angeles with a scaled-back plan for… Read more
Gen Z Will Spend $145,000 on Rent by Age 30
The upper edge of the Gen Z age cohort (those born between 1997 and 2012) has entered adulthood and the… Read more
Cal State Long Beach Breaks Ground on $115M Residence Hall
California State University, Long Beach (CSULB) hosted a groundbreaking ceremony for La Playa Residence Hall, a $115-million, 108,000-square-foot student housing… Read more
Ares Fund Acquires Value-Add Industrial in Westminster
Cushman & Wakefield brokered the sale of a freestanding industrial distribution building totaling 258,506 square feet in Westminster. The sale… Read more
LA Investor Adds to Coachella Valley Retail Holdings
Progressive Real Estate Partners closed the sale of a 33,004 square-foot retail property at 13000-13160 Palm Drive in Desert Hot Springs. The $6.1-million all-cash sale included a… Read more
Wells Fargo Finances San Diego-Area Seniors Project
Wells Fargo’s Community Lending and Investment (CLI) group provided a total of $57.9 million in financing to Wakeland Housing &… Read more
Bvlgari Joins Mix of Luxury Retailers in San Francisco’s Union Square
Grosvenor secured a new long-term lease with luxury Italian jewelry and accessory designer Bvlgari at 200 Grant Ave. in San Francisco.… Read more
Lawmakers Aim to Clarify California’s “Builder’s Remedy” Housing Law
Technically it’s been on the books for the past three decades, but California’s “builder’s remedy” housing law has yet to… Read more
Hilton Buys Sydell Majority Stake to Expand NoMad Brand
Hilton has acquired a majority stake in Sydell Group to expand the NoMad Hotels brand globally. Sydell will handle design… Read more