CA Commercial Real Estate News & My Articles

California Commercial Real Estate News

• Tishman Speyer, MFA Launch First Phase of Irvine Logistics Park December 3, 2024
  Tishman Speyer and Mitsui Fudosan America (MFA) have launched construction on the 380,000-square-foot first phase of Bake Freeway Business Park, their ground-up industrial development in Irvine within the Great Park Neighborhoods mixed-use community. To help finance the first two buildings of Bake Freeway, Tishman Speyer and MFA secured an $84.75-million construction loan from JPMorgan Chase. […]
• Irvine Company Tallies More Than 1.8M SF of Office Leases in OC December 2, 2024
  Irvine Company on Monday announced strong leasing activity in Orange County since July 1, with more than 1.8 million square feet of office space leased to leading companies across multiple industries in both new leases and renewals. The largest deal during this time frame was the 173,000-square-foot commitment by JPMorgan Chase at Jamboree Center in Irvine.  “The […]
• Brixton Capital Promotes CIO Taylor to President December 2, 2024
  Brixton Capital, a privately held real estate investment firm based in San Diego, promoted Rob Taylor to president, a role in which he’ll serve in addition to his current role as CIO. Taylor’s responsibilities expand to overseeing all aspects of the company’s operations. This includes acquisitions, portfolio optimization, capital markets, fundraising, financing, asset management and […]
• Gantry Adds Westcap Group, Boosting SoCal Presence December 2, 2024
  Gantry, Inc. has strengthened its Southern California presence by merging the operations of Westcap Corp into its growing platform. The combination adds more than 250 existing loans with $3.2 billion in servicing responsibilities. With this consolidation, Gantry’s servicing portfolio grows to over $23 billion. Westcap managing director Steve Beck, EVP Steve Bridges and director Topher Van […]
• Luxury Seniors Housing Lands $473M in Tax-Exempt and Taxable Bonds December 2, 2024
  JLL’s Capital Markets group and HJ Sims arranged $473 million in tax-exempt and taxable bond financing for the ground-up development of The James, a luxury rental, 350-bed seniors housing community in Irvine. Reportedly it’s the largest tax-exempt senior living financing of the year and the largest nonprofit single-site senior living bond issue in history. The JLL Seniors Housing Capital […]
• Lee & Associates Brokers Monrovia Office/Medical Sale November 27, 2024
  Lee & Associates arranged the sale of 831 E. Huntington Dr., also known as Huntington Professional Center, a professional office and medical center, in Monrovia. The buyer and seller were not disclosed. The property sold for $7.65 million and is a 100% occupied two-story building consisting of 20,574 square feet and 76 surface parking stalls. […]
• Space Investment Partners Completes Transformation of Costa Mesa Retail November 27, 2024
  Space Investment Partners completed an $11-million renovation of The Ranch at Newport Bay, a 60,000-square-foot grocery-anchored, mixed-use retail property located at 2651-2675 Irvine Ave. in Costa Mesa. The firm welcomed new tenant Verde, a new restaurant and bar concept, bringing The Ranch to 100% occupied. Verde, which opened in November 2024, occupies two distinct spaces in the neighborhood […]
• Tech Leasing Specialist Alex Lassar Joins Newmark in San Francisco November 27, 2024
  Alex Lassar has joined Newmark as a senior managing director in San Francisco. With more than 20 years of experience representing a variety of occupiers across the technology sector, Lassar bolsters Newmark’s Technology and Innovation Practice Group. “Newmark’s Bay Area occupier team has a strong track record of creating value for notable technology companies as […]
• Intel Plans Sale-Leaseback of Folsom Office and Lab Campus November 27, 2024
  Intel Corporation plans to sell its Folsom campus and lease back a portion of the space under new ownership. Part of a broader cost-cutting strategy, the decision follows significant layoffs and industry challenges over the past two years, reported the Folsom Times. The 150-acre campus, located at Prairie City Road and Highway 50, has been […]
• USC Team Takes Top Honors at NAIOP SoCal UCLA vs. USC Real Estate Challenge November 26, 2024
  After a presentation to a team of industry-leading judges, the five-member graduate student team from USC took home the silver shovel as the winner of the 27th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge. Held Nov. 21 at USC, the competition featured five-member graduate student teams from the Ziman Center of Real Estate at […]