Stone Point Capital To Acquire Sabal Capital Partners
Pat Jackson, Sabal Capital Partners founder and chief executive. Image credit: Sabal Capital Partners Stone Point Capital, a financial services-focused private equity firm, plans to acquire Sabal...
View ArticlePupil Joins Stream Realty to Lead Southern California Expansion for...
Martin Pupil has joined Dallas-based Stream Realty Partners after 14 years at Colliers International. Martin Pupil, the former president of Colliers International's U.S. real estate brokerage...
View ArticleInvestors Trade South Broadway Apts in Santa Ana
AASW Alliance LLC sold the 30-unit South Broadway Apartments at 1800 S. Broadway in Santa Ana, CA to Woodbridge Investors for $10.5 million, or $350,000 per unit. The 30,360-square-foot multifamily...
View ArticleBaine Joins Landsea Homes
Landsea Homes hired Tom Baine as president. In his new role, Baine will oversee the planning, development and implementation of the company’s communities throughout Southern California. Baine brings...
View ArticleBankers Say They Are Ready to Stop Chasing Real Estate Borrowers with 'Wacky'...
"If the market is going to get a little wacky...we're just not going to chase that," Kevin Hanigan, president and chief executive of LegacyTexas Financial Group. Image credit: LegacyTexas Financial...
View ArticleMore Hotels on the Way in San Diego, Orange Counties
Hotels recently opened in San Diego County include this 250-room, castle-themed hotel at Legoland California Resort in Carlsbad. Several more hotels are under construction or in planning throughout San...
View ArticleHuntington Beach Industrial Sells for $9.3M
Black Creek Group purchased the industrial building at 17800 Gothard St. in Huntington Beach, CA from Zaser & Longston Inc. for $9.25 million, or about $157 per square foot. The buyer was the sole...
View ArticleOrange County Multifamily Investment Heating Up in 2018
The 324-unit Alexan Aspect, which was acquired by JPMorgan Chase for $404,000 per unit. Orange County’s multifamily sector ended a scorching first half of 2018. Investment volume was up 20 percent...
View ArticleFaris Lee Investments Makes Strategic Hire to Integrate its Capital Markets...
In a boost to its national capital markets business, Faris Lee Investments has hired Jay Quinn as a senior managing director of capital markets. Based in the company's Irvine, CA office, Quinn plans to...
View ArticleLPC Buys Quail Street Office Bldg for $32.2M
International real estate firm Lincoln Property Company purchased the office building at 1500 Quail St. in Newport Beach, CA for $32.2 million, or about $355 per square foot, from New York Life Real...
View ArticleMulti-Million Dollar Redevelopment Planned for Orange County Property
The Koll Company purchased the flex building at 1361 Valencia Ave. in Tustin, CA from a private investor for $12 million, or about $156 per square foot. The 77,000-square-foot building was constructed...
View ArticleSanta Ana Office Sells for $5.8M
Secure Communication Systems Inc. acquired the office building at 2921-2929 Daimler St. in Costa Mesa, CA for $5.88 million, or about $250 per square foot, from Gremik Group LLC. Built in 1968, the...
View ArticleA New Crop for the Central Valley
Historically a hotbed of agriculture, the central California city of Mendota calls itself the "Cantaloupe Center of the World." But Canna-Hub, a real estate development and property management firm for...
View ArticleSan Diego, Orange Counties Join Statewide Drop in First-Half Hotel Deals
One of the big San Diego hotel deals of the first half involved the 169-room La Quinta property in Mission Valley, purchased for $19.5 million by Kamla Hotels. On the heels of a record year of hotel...
View ArticleOrange County Economy Remains on Mostly Solid Footing
Orange County’s unemployment rate reached a near 20-year low earlier this year, and remains remarkably tight, even though it has inched above 3 percent at the end of June. Annual employment growth here...
View ArticleBeebower Joins Stepp Commercial as EVP
BEEBOWERMultifamily brokerage firm Stepp Commercial has hired Darin Beebower as an executive vice president. Based in the firm's Santa Monica, CA office, Beebower will be responsible for expanding the...
View ArticlePimco Joins Crowded Field for Direct Commercial Real Estate Lending
Pimco headquarters in Newport Beach, California. The growing U.S. investment pool for financial commercial real estate lending just expanded by another $3 billion as bank and non-bank lenders including...
View ArticleCalifornia's Orange County Retail Shows Resiliency
Yorba Linda Town Center, with signed tenants including Regal Cinemas and Bristol Farms, was the only new full-scale retail center under construction at the mid-point of 2018 in the tight Orange County...
View ArticleUndersupply of Apartments Drives Los Angeles Market
Triana at Warner Center in Woodland Hills, California, which sold last month to LaSalle Investment Management for $157 million, or $434,000 per unit.Los Angeles and the rest of Southern California’s...
View ArticleRent Growth Cooling with Continued Development in Irvine Spectrum
The 20-story 400 Spectrum Center office tower (pictured) in Irvine, California. It could be said that the Irvine Spectrum submarket has become the center of Orange County. It certainly has become the...
View Article
