Newport Beach
Rady Children’s Hospital Breaks Ground on $1.2B Expansion
Rady Children’s Hospital-San Diego broke ground recently on the largest construction project in its nearly 70-year history: a seven-story, 500,000-square-foot… Read more
Lendlease Names Americas Development Lead in San Francisco
Lendlease has appointed Meg Spriggs to the role of managing director of development for the Americas, effective Oct. 1. Currently… Read more
Allen Matkins’ William Ahern Sees Slowdown in CRE Lending, Trades
For a reading of current market conditions in commercial real estate, it’s difficult to find a better vantage point than… Read more
Terreno Acquires Santa Ana Industrial, Plans Redevelopment
Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an… Read more
Bank of America Branch Trades at Record-Low Cap Rate
Hanley Investment Group Real Estate Advisors arranged the sale of a 2015-new construction, single-tenant property occupied by Bank of America in… Read more
Phase 1 of $3B Mixed-Use Receives $41M State Funding
California’s Affordable Housing and Sustainable Communities (AHSC) program has granted $41.1 million to Phase 1 of Riverwalk San Diego, a $3-billion, 200-acre… Read more
Silicon Valley Data Center Market Challenged by Limited Supply
The Silicon Valley data center market continues to grow, but momentum has slowed in the first half of 2023 because… Read more
Gelt Acquires 125-Unit Value-Add Apartments for $63M
Gelt Venture Partners, LLC (GVP) acquired Union Place from an undisclosed seller for $63.15 million. The 125-unit apartment property is… Read more
Connect Media Bolsters Creative Team with Addition of John Halloran
Connect Media, a multi-platform news, events, creative services, and educational company, bolstered its Connect Creative marketing team with the appointment… Read more
Two-Tenant Retail Pad Trades in Northern LA County
Hanley Investment Group Real Estate Advisors completed the sale of a two-tenant, 6,999-square-foot retail pad building occupied by AutoZone and Precision Eyebrow Threading salon at… Read more
DIV Industrial Adds 20-Year Veteran as Partner
DIV Industrial, an Irvine-based investor and developer of industrial real estate, appointed Tom Donahue as partner and head of development.… Read more
JLL Arranges Pre-Development Financing on CapRock Warehouse
JLL Capital Markets arranged $17.5 million in pre-development financing on a 22.1-acre parcel within the World Logistics Center masterplan in Moreno… Read more
California Invests $757M in Affordable Housing Projects
Gov. Gavin Newsom, along with the California Strategic Growth Council, recently announced $757 million in funding to advance the building… Read more
ExchangeRight Subscribes DST Portfolio with Multiple Exit Options
Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has fully subscribed its… Read more
Raytheon Offices Sell to Family Investor for $77M
Cushman & Wakefield advised the sale of an existing 405,130-square-foot office campus in Fullerton. Located at 1801 Hughes Dr., the… Read more
California People and Company News for Sept. 8, 2023
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with… Read more
Macy’s Signs with Kimco for Small-Format Store in Santee
Macy’s signed a 30,000-square-foot lease for a small-format store at Santee Trolley Square, located at 9918 Mission Gorge Rd. in… Read more
Expanded Milpitas Residential Parcel Sells to Toll Brothers
The True Life Companies (TTLC) has sold South Main Street and Panchal Assemblage to Toll Brothers. South Main Street is a… Read more
JPMorgan Set to Acquire Activision Blizzard HQ from CalSTRS
JP Morgan Asset Management is poised to acquire the Activision Blizzard headquarters in Santa Monica from the California State Teachers’… Read more