| Cold Storage Gaining Favor with Investors as Cap Rates Draw Closer to Those of Traditional Warehouses
This report provided by commercial real estate services firm CBRE
Investors increasingly are warming up to the U.S. cold storage warehousing sector, pushing cap rates for Class A facilities closer to those of traditional hig...
| Almanac Realty Investors to Provide up to $300 Mil of Capital to CIP Real Estate
CIP Real Estate has entered into an agreement with a fund managed by Almanac Realty Investors LLC to provide up to $300 mil of growth capital to CIP to accelerate its investment strategy of acquiring value-add multi-tenant in...
| Premier Workspaces Opens New Anaheim Hills Location
Irvine-based Premier Workspaces has opened its newest location in Anaheim Hills. Premier took over management of the shared workspace, located at 155 N. Riverview Dr. Premier is one of the largest privately-owned flexible wor...
| Regal Cinemas Agrees to New 10-Plex at Oceanside Retail Center
Regal Cinemas has agreed to open a new 40k sf, 10-plex theater at NewMark Merrill’s Mission Marketplace, a 348.3k sf retail center in Oceanside. The center is located at 427 College Blvd, at the northwest corner with State Ro...
| Commercial Real Estate Market to Continue to Grow in 2020, Despite Economic and Political Uncertainties
This report was provided to us by real estate services firm CBRE
The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to CBRE’s forecast...
| Los Angeles and Orange County Named Among Greenest Markets in the U.S. for Both Office and Multifamily
This report was provided by real estate services firm CBRE
Los Angeles and Orange County rank among the greenest markets in the country, according to the annual Office Green Building Adoption Index and inaugural Multifamily ...
| Chris Burns Promoted to Executive Vice President at Duke Realty Corp
Chris M. Burns has been promoted to Executive Vice President at Duke Realty Corporation, overseeing its West and Central regions. In his new role, Chris will oversee real estate operations in the company’s central and west Re...
| Bakersfield Multifamily Property Sells for $107k/Unit
Dana Apartments, a 49-unit community in Bakersfield, sold with multiple offers for a sales price of $5.25 mil ($107.1k/unit). Built on a 2.34-acre site in 1968, the property is located at 3600-3610 Dana St.
The property is ...
| US Storage Centers Buys 649-Unit Self-Storage Facility in Bakersfield
US Storage Centers has acquired a 649-unit, 118.6k sf self-storage facility in Bakersfield. The property is located at 3813 Mesa Grande St, adjacent to the California State Route 99 Fwy.
The facility features climate-control...
| Prologis to Acquire Liberty Property Trust in $12.6 Bil Transaction
Prologis Inc. (NYSE: PLD) and Liberty Property Trust (NYSE: LPT) have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 bil, including...
| Barings’ 801 Tower in Downtown LA Wins BOMA Award
Barings’ 801 Tower in Downtown Los Angeles received The Outstanding Building of the Year (TOBY) award from the Greater Los Angeles Building Owners and Managers Association (BOMA). Competing in the 250k sf to 499k sf category,...
| Single-Tenant Property in Bakersfield Sells for $205/sf
Wood Investments Companies has purchased a 7k sf, single-tenant property in Bakersfield for $1.44 mil ($205/sf). The deal came in at a 7% cap rate.
The net-lease property, occupied by Aaron’s, is situated on 0.88 acres at 64...
| Eldridge Investments Leads $300 Mil Equity Investment in Kennedy Wilson
Eldridge Industries has led a $300 mil strategic investment in Beverly Hills-based real estate firm Kennedy Wilson. Kennedy Wilson expects to use the proceeds to pay down unsecured debt, including repaying its unsecured bank ...
| Demand Surging For Cold Storage Warehouses, But Construction Requirements Pose Challenges
This report was proved to us by real estate services firm CBRE
The growth of online grocery sales has stoked demand for additional cold-storage warehousing space in the U.S., but the cost and complexity of constructing cold...
| Two Asian Food Tenants Ink Deals at Echo Park Redev Project Near Downtown LA
Supertoro and HiroNori Craft Ramen have signed leases at Brick Works, a retail collective in the Echo Park neighborhood of Los Angeles. Located in the heart of Echo Park at 1485-1501 W. Sunset Blvd, Brick Works is a new adapt...
| Avison Young Acquires San Diego-Based McKinney Advisory Group Inc
Avison Young has acquired San Diego-based brokerage and property management firm McKinney Advisory Group Inc. The purchase represents Avison Young’s first acquisition in San Diego and further expands the company’s full-servic...
| Commercial Real Estate Financing Briefs
HIGHLAND REALTY CAPITAL - Mike Guterman and Brad Sevier with Highland Realty Capital arranged a $66.5 mil bridge loan on behalf of an affiliate of Pearlmark Real Estate for Village Walk, a 149.3k sf, Whole Foods- anchored sho...
| Join Top CRE Pros from Long Beach & the South Bay at RENTV's State of the Market Conference Oct 24
Join us at our 4th Annual South Bay / Long Beach State of the Market Conference for an opportunity to hear from and network with industry experts who will discuss the office, industrial, retail and multifamily markets for Lo...
| Westside L.A. CRE Experts Offer Industry Insight about the Region at RENTV Conference
On September 6, many of the leading commercial real estate pros active throughout Westside Los Angeles met at RENTV's annual State of the Market Conference to provide their insight about the region's real estate markets. Here...
| Construction Started on $43 Mil Mt. San Jacinto College Campus
Construction has begun on Mt. San Jacinto College’s (MSJC) new $43.3 mil, 350k sf Temecula Valley Campus. The general contractor is C.W. Driver Companies.
Consisting of a seismic retrofit and tenant improvement of an existin...