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February 21, 2024
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• CA Home Affordability Drops Dues to Higher Home Prices
2/26/13
Higher home prices offset lower interest rates to reduce housing affordability in California during the fourth quarter of 2012, according to the latest data provided by the California Association of Realtors®. The percentage...
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• Beech Street Ranks Third on Fannie Mae’s Top Multifamily Originators for 2012
2/22/13
For the second year running, Beech Street Capital, LLC, placed third on Fannie Mae’s annual list of top multifamily loan originators. Beech Street’s volume with the agency grew 45% in 2012. This growth outpaced the jump in ...
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• Premier Business Centers Debuts New Look
2/15/13
Irvine-based Premier Business Centers (PBC) has introduced its new corporate brand identity and redesigned website, which more accurately represent what the company has become: the nation’s largest privately-owned office spac...
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• Draftsmen & Craftsmen
2/12/13
Benchmark Contractors recently began construction of Clarett West's Blvd6200 North, an exciting new mixed-use development adjacent to the historic Pantages Theater in Hollywood. Designed by architect VTBS (Van Tilburg, Banva...
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• ViaWest Group Spends Over $13 Mil on Phoenix Commercial Assets
2/12/13
ViaWest Group has acquired two Phoenix commercial properties: a 118.9k sf, multi-tenant, flex-office complex and a 2.8-acre parcel of commercially-zoned vacant land, collectively referred to as “West 101 Business Center”. The...
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• L.A. Basin Boasts Strongest Industrial Market in the Nation
2/05/13
The Greater Los Angeles region is currently the strongest industrial market in the nation, with industrial real estate outperforming all other real estate classes in the four-county LA region. At least that’s the general sent...
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• Guy Johnson Receives First Ever “Be a Leader” Award from the Mortgage Bankers Association
2/04/13
The Mortgage Bankers Association (MBA) presented Guy Johnson, President of Johnson Capital Group, Inc, with its first ever “Be A Leader” award at the Association's 23rd annual Commercial Real Estate Finance(CREF)/Multifamily ...
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• Greg Beck Promoted to Partner at Champion Real Estate Company
1/31/13
Champion Real Estate Company has announced it has promoted Greg Beck to Partner. In this new role, he will oversee all development activities for the company including sourcing, acquiring urban land for development, renovatio...
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• Commercial Real Estate Financing Briefs
1/31/13
MARCUS & MILLICHAP CAPITAL CORPORATION -- Danny Abergel of Marcus & Millichap Capital Corporation has arranged a loan for a portfolio of San Fernando Valley multifamily assets valued at $25.8 mil. The financing consists of: $...
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• Avvo and Intel Take 75k sf at Seattle Office High-Rise
1/30/13
Two new office leases totaling 75k sf were signed at 705 Union Station, a 258k sf office building in Seattle. In these latest deals, Avvo took 25k sf and Intel signed for 50k sf. These transactions put the 11-story high-rise ...
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•  Jones Lang LaSalle Takes Over Leasing of Portland’s Block 300
1/25/13
Jones Lang LaSalle was awarded the leasing assignment for Block 300, a 360k sf office building in Portland which contains the largest contiguous block of office space to become available in the city’s Central Business Distric...
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• HSBC Awards 58 msf Management Assignment to Jones Lang LaSalle
1/24/13
HSBC has awarded the management assignment for a 58 msf real estate portfolio to Jones Lang LaSalle, in what we’re told is the largest facility management contract awarded to a single provider on a global basis by a financial...
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• Argent Retail Adds Mike Kihm and Nick Ritch to its Growing Inland Empire Team
1/22/13
Nick Ritch and Mike Kihm have joined Argent Retail Advisors, the retail advisory and leasing firm founded by industry veteran Terry Bortnick. Mike Kihm has also joined Argent as an Associate in the Ontario office. Kihm has b...
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• Corey Spound Elected 2013 President and Executive Chair of AIR
1/22/13
Corey I. Spound, executive vice president in the markets division of Jones Lang LaSalle in Los Angeles and a 21-year veteran of commercial real estate, has been elected 2013 president and executive chair of the AIR Commercial...
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• Beech Street Closes Out a Successful 2012 with $4 Bil in Multifamily Financing
1/22/13
Beech Street Capital LLC provided $4.0 bil in multifamily financing in 2012, and has achieved a 100 percent annual growth rate for the last two years. “We were determined this year to demonstrate that we could maintain our m...
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• Sabal Financial Funds Trio of SoCal Residential Projects
1/18/13
Three SoCal residential projects have received construction funding from Sabal Financial Group’s homebuilder lending program. Sabal created the program to fill a void in construction financing from traditional sources like co...
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• Financial Compound Arranges $13 Mil Extension on West LA Mixed-Use Property
1/14/13
Financial Compound has arranged a $13 mil loan extension for a mixed-use property located in West Los Angeles. The property is owned by a private investor and contains approximately 15k sf of second floor offices above 10k s...
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• Johnson Capital Arranges $27 Mil on Cypress Office/R&D Asset
1/10/13
Kevin Burkhalter, Senior Vice President in Johnson Capital’s Los Angeles office, has arranged $27 mil in permanent financing secured by five office / R&D buildings totaling over 285k sf located in Cypress, CA. The non-recou...
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• Bruce Felt Named Executive Vice President and CFO at Auction.com
1/09/13
Bruce Felt has been named executive vice president and chief financial officer at Auction.com. Felt will oversee the company's financial operations, based in the company’s Silicon Valley office. Auction.com bills itself as th...
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• Hines U.S. Office Value Added Venture III Buys 300k sf Phoenix Office Building from GLL Real Estate Partners
1/09/13
In a notable Phoenix office buy, Hines U.S. Office Value Added Venture III (VAV III) has acquired its first property, 24th at Camelback I. VAV III purchased the asset from GLL Real Estate Partners, who has owned the property ...
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