Newport Beach
Northmarq Arranges $25M Refi of Calabasas Manufactured Homes
SVP Alex Kane and VP Matt Radichof Northmarq’s Newport Beach debt/equity office arranged the $25- million refinance of Calabasas Village Mobile Estates.… Read more
Redeveloped I. Magnin Building Houses 10th Erewhon Store
RDC, an award-winning architecture, planning and interior design firm, completed the transformation of the historic I. Magnin & Company building in… Read more
Recently Renovated Quality Inn Trades to LLC
Marcus & Millichap recently closed the sale of Quality Inn, a 65-room hospitality property located in the eastern Riverside Community… Read more
Stos Partners Divests Value-Added San Marcos Industrial
Stos Partners has sold a 61,112-square-foot industrial complex located at 1545-1565 La Mirada Dr.in the North County San Diego market… Read more
Housing Sales Launched at $5B Bishop Ranch MXU
Sunset Development Company reached a milestone in its vision of transforming Bishop Ranch in San Ramon into a $5-billion mixed-use, walkable neighborhood over… Read more
SF Mayor Breed Signs Housing Stimulus Plan into Law
San Francisco Mayor London Breed signed the Housing Stimulus and Fee Reform Plan into law. The plan temporarily reduces inclusionary housing requirements… Read more
CapRock Snaps Up Single-Tenant Industrial in San Gabriel Valley
CapRock Partners acquired 300 E. Arrow Hwy., a 165,070-square-foot single-tenant industrial building in San Dimas, on an all-cash basis from an… Read more
Greystone Furnishes $14M CMBS on Torrance Self-Storage
Greystone has provided a $14,000,000 CMBS loan to refinance an 801-unit self-storage property, SOS Storage Center, in Torrance. The financing was… Read more
California People and Company News for Sept. 15, 2023
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with… Read more
Nordstrom Rack to Open Third San Diego Location
Seattle-based fashion retailer Nordstrom, Inc. plans to open a new Nordstrom Rack in San Diego. The 26,000 square-foot store will be located in Clairemont Town… Read more
Menlo Equities, Beacon Capital Launch San Carlos Life Science Build
Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a 240,000-square-foot life science building in the burgeoning… Read more
IPA Arranges $62M Financing for San Jose Apartments Deal
IPA Capital Markets, a division of Marcus & Millichap, arranged $62,139,000 in acquisition financing for DUO Apartments, a 301-unit multifamily… Read more
Cityview, Stockbridge Launch Construction in LA’s South Bay
Cityview and Stockbridge have commenced construction on Apollo, a 265-unit multifamily development in Los Angeles’ South Bay. Slated for completion in 2025,… Read more
Cushman & Wakefield Adds Hospitality Capital Markets Team in OC
Cushman & Wakefield has added a hospitality capital markets brokerage team in Orange County led by executive director Aseem Tandon… Read more
StarPoint Goes Full Cycle on OZ Investment with 242% ROI
StarPoint Properties closed the $49.5-million sale of 6th Street Point, a new 179,000-square-foot industrial property located on a 9.8-acre site… Read more
El Cajon Mobile Home Park Sells to Local Investor
Marcus & Millichap closed the sale of Shady Lane Mobile Home & RV Park, a 100% occupied, 41-site manufactured homes… Read more
MG Properties’ $90M Multifamily Buy Expands Bay Area Presence
MG Properties, a real estate investment and management company based in San Diego, acquired Artist Walk Apartments, located in Fremont, from… Read more
PGIM Real Estate Provides $455M Loan on SoCal Industrial Portfolio
PGIM Real Estate has provided $455 million in fixed-rate financing on behalf of its core lending strategy to Alere Property Group… Read more
Physicians Realty Trust’s Dan Klein on the Post-Pandemic Healthcare Landscape
Ahead of Connect Healthcare Real Estate, taking place Sept. 27-28 at VEA | Newport Beach Marriott, Connect CRE is sounding… Read more