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CapRock Distribution Facility Changes Hands

RIALTO, CA— New York Life Real Estate Investors, a leading institutional investor, has purchased the recently completed 609,888 sf project.

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InterContinental Hotel Going Up in BRIC Phase 2

SAN DIEGO—Development partners have concluded financing, and expect to move dirt by May 10.

RealtyTrac: Few Qualify for New Modification Program

IRVINE, CA—April report shows that seriously underwater loans now make up 12% of total, down from 13.2% a year ago.

The FHFA Wants the GSEs to Finance More Apartments This Year

WASHINGTON, DC—The Federal Housing Finance Agency has increased the GSEs' lending cap for multifamily to $35 billion five months after it issued its 2016 Scorecard, setting $31 billion as the cap.

Spotlight On

Santa Fe Firm Likes This DTSD Submarket

SAN DIEGO—Little Italy is a vibrant community in the heart of a scenic seaside location, providing tenants a tremendous amenity base, Gemini Rosemont’s Don Henry tells GlobeSt.com in this EXCLUSIVE story about a recent office buy.

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Behind Bankers Hill’s Luxury-Condo Renaissance

SAN DIEGO—People want to live in amenity-rich, walkable environments, and Bankers Hill’s Balboa Park is one of them, Zephyr’s Brad Termini tells GlobeSt.com in this EXCLUSIVE look at a sector once again on the rise.

Hilton Grows SoCal Market Share

LOS ANGELES—Hotel La Jolla joins the Hilton Curio Collection, Mack Real Estate Group sells a historic Seattle office building and the Girl Scouts get a new headquarters at Balboa Park Campus in this week’s wrap-up of deals.

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