Hundreds of Localities Fortify Their Amazon HQ2 Bids with Hefty Financial...
Under The Irvine Co.'s Spectrum Terrace proposal, Amazon would not be required to invest capital for land acquisition, buildings or entitlements. Amazon confirmed this week that 238 North American...
View ArticleCoStar's People of Note (Oct. 27) - Cresa Expanding in NYC, NKF Names Market...
The following companies announced personnel moves this week: Cresa, Newmark Knight Frank, Avison Young, CBRE, Cushman & Wakefield, Hines, Mast Construction and Avison Young.img.pon{display: block;...
View ArticleThe Williamson Apartments Sell for $5M
A private investor purchased the 17-unit The Williamson Apartments at 550 Williamson Ave. in Fullerton, CA from AASW Alliance LLC for $5 million, or about $294,000 per unit. The two-story,...
View ArticleSaddleback Financial Center Sold for $15.9M
Laurus Corporation acquired the Saddleback Financial Center office building at 24012 Calle de la Plata in Laguna Hills, CA for $15.9 million, or about $218 per square foot, from True North Management...
View ArticleCoStar Market Insights: Blockbuster 3Q Investment Deals in Orange County Buoy...
The Orange County office market just wrapped up its strongest third quarter in more than a decade, which more than compensates for a first quarter that struggled out of the gate to keep pace with...
View ArticleCoStar's People of Note (Nov. 3) - Dream REIT Taps CEO for US Expansion, JLL...
The following companies announced personnel moves this week: Dream Industrial REIT, JLL, Clune Construction, Cushman & Wakefield, McCraney Property Co., Seagate Properties, Madison Realty Capital...
View ArticleZenith Education Closing All but Three College Campuses
Zenith Education Group, which this past summer converted from a for-profit to a nonprofit career education provider, is planning to close 21 of its 24 remaining college campuses. Zenith plans to cease...
View ArticleCoStar's People of Note (Nov. 10) - TCN Taps Glass for Regional Leadership,...
The following companies announced personnel moves this week: CAPREIT, TCN Worldwide, Lee & Associates, Retail Insite, Cushman & Wakefield, Industry City, Dermody Properties, Kidder Mathews and...
View ArticleTustin Industrial Sells for $8.4M
A private investor purchased the industrial building located at 14831 Franklin Ave. in Tustin, CA for $8.39 million, or about $225 per square foot, from LBA Realty. Built in 1978 on 2.1 acres in Orange...
View ArticleKBS REIT III Hauls in $1 Billion
RBC Tower in Minneapolis is one of eight properties refinanced. KBS REIT III has secured a three-year $1.01 billion financing commitment, the largest financing facility in Newport Beach-based nontraded...
View ArticleCoStar's People of Note (Nov. 17) - Levy Lands at Crow, DePizzol Departs for...
The following companies announced personnel moves this week: Crow Holdings, Newmark Knight Frank, JLL, Avison Young, Kidder Matthews, Transwestern, JAG and Cushman & Wakefield |...
View ArticleProperty Sales On The Rise in Light of Retrofit Orders
Some owners of multifamily properties are putting their buildings on the market, opting to offload the properties instead of paying the high cost of retrofitting them. The trend emerged after a list...
View ArticleMenlo Equities Secures Financing for Towne Centre Office Campus
Menlo Equities LLC secured a $39M five-year, floating-rate loan for Towne Centre at 27042, 27051 and 27121 Towne Centre Drive in the Orange County community of Foothill Ranch. The HFF debt placement...
View ArticleCoStar's People of Note (Dec. 1) - Mobley Named CEO at Cushman, CBRE's...
The following companies announced personnel moves this week: Cushman & Wakefield, CBRE, CBC Advisors, IRR, Hold-Thyssen, Schuckman Realty, Lloyd Jones Capital and SVN Parsons.img.pon{display:...
View ArticleAnaheim Land Sells for $14.6M
Pacific Industrial acquired 8.5 acres at 2222 E. Howell Ave. and 2225 E. Katella Ave. in Anaheim, CA for $14.57 million, or about $1.7 million per acre, from Cathedral Center of St. Paul. The site was...
View ArticleCoStar's People of Note (Dec. 8) - HFF and Cresa Expand, Cushman Hires Mangum...
The following companies announced personnel moves this week: Cresa, HFF, Pine Tree, Cushman & Wakefield, JLL, Bridge Investment Group, Walker & Dunlop, Kentwood Real Estate, Grover Corlew,...
View ArticleSquare Mile Secures Loan for Campus-Style Office Redevelopment
New York-based real estate finance and investment firm Square Mile Capital Management LLC originated a loan totaling $133 million secured by their proposed creative office property in Costa Mesa, CA....
View ArticleCampbell Enterprises Acquires Ocean Breeze Apts for $21M
FPA Multifamily LLC and Fowler Properties sold the Ocean Breeze apartments at 2070 Poplar Rd. in Oceanside, CA for $21 million, or about $292,000 per unit, to Campbell Enterprises LLC. The...
View ArticleCJ Foods Signs Five Year Industrial Renewal for 127,000 SF
CJ Foods, a conglomerate holding company, signed a five-year lease renewal for 127,375 square feet in the industrial building at 675-679 S. Placentia Ave. in Fullerton, CA. The two-story,...
View ArticleThe Jackson Apts Sell for $54M
Advanced Real Estate Services (ARES), Inc. acquired The Jackson Apartments at 2960-2965 E. Jackson Ave. in Anaheim, CA for $54 million, or about $280,000 per unit, from Western National Group. The...
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