Sacramento
CalPERS Returns 8.6% for Fiscal Year, Underperforms Benchmark
Sacramento-based California Public Employees’ Retirement System’s (CalPERS) reported an underperformance of 6 basis points for its fiscal year, even as the… Read more
What Markets are at Risk of Multifamily Supply Overload?
A new report by Yardi Matrix indicates that multifamily deliveries might outpace demand in some key U.S. housing markets. The research revealed… Read more
New Supply Glut Stalls Rent Growth in Previous High-Growth Markets
The Connect Apartments conference will take place June 26. For more information, or to register, log on here. Rent growth… Read more
Rocklin Corporate Center Trades for $43M
Inverness Management, LLC acquired Rocklin Corporate Center, a two-building 220,020-square-foot Class A office project from Newport Beach, CA-based KBS Real… Read more
Conor Commercial Brings in Sr. Development Manager
Ben Harris has joined Conor Commercial, the development arm of McShane, as senior development manager. He will be responsible for… Read more
BKM Announces First Close with $160M in Equity Commitments
Newport Beach, CA-based BKM Capital Partners announced the first close of its second institutional fund, BKM Industrial Value Fund II,… Read more
Multifamily Rent Growth Springs into Gear
Multifamily rents in the U.S. performed strongly in April, rising $4 to $1,377, according to a survey of 121 markets by Yardi Matrix. Rents… Read more
Andy Poppink to Lead JLL’s Western Region
Andy Poppink has been named President of JLL’s Western region and Market Director for Northern California. He succeeds Elizabeth Hearle,… Read more
Real Estate Symposium Set at UCLA
By Dennis Kaiser Los Angeles-based Arixa Capital Advisors’ Jan Brzeski will be speaking at the 12th Annual Real Estate Symposium… Read more
California’s Smaller Markets Pick Up Slack for LA, San Francisco Q1 2018 Office Sales
Commercial Café’s California Q1 2018 Office Market Report reveals a host of intriguing trends. One of the bigger ones was… Read more
Carter Validus Picks Up Pair of Rancho Cordova Data Centers for $51M
Connect Bay Area is coming up May 17th. Here is where to get more information and register. Digital Realty Trust… Read more
California’s Cannabis Industry Drives Industrial Demand
California’s burgeoning cannabis industry is fueling a surge in demand for industrial property. Since the passage of Proposition 64 two… Read more
UBS Divests North Bay MF’s for $154M
San Diego-based MG Properties Group acquired North Pointe Apartments in Vacaville, CA, for $87 million. The community is located on the… Read more
California Ranks Tops for Entrepreneurs, Startups
California is the most fertile ground to start and grow a company. Business.org’s ranking of the Best Cities for Entrepreneurs… Read more
New $520M Natural Resources HQ Planned in Sacramento
California’s Dept. of General Services selected a design-build partnership of Turner and AC Martin to deliver a $520-million, 20-story, headquarters… Read more
WNC Closes $94.2M California Institutional LIHTC Fund
Irvine, CA-based WNC closed WNC Institutional Tax Credit Fund 10 California Series 16, L.P. (CA 16), a $94.2 million institutional low-income housing… Read more
Yardi Matrix: Multifamily Muddling Along
In the words of research company Yardi Matrix, “U.S. multifamily rents in January (2018) continue to muddle along.” Specifically, according… Read more
PCCP Delivers $44.5M Loan for Sacramento Metro Campus
PCCP, LLC provided a $44.5 million senior loan to S&P Company and Basin Street Properties, for the acquisition of Prospect… Read more
Shorenstein Fund Buys Sacramento Office Tower
JLL’s Capital Markets completed the sale of U.S. Bank Tower, a 366,000-square-foot office building at 621 Capitol Mall in Sacramento. The… Read more