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CWCapital Expands West Via Sierra Acquisition
By Bob Howard
IRVINE, CA-The Boston-based multifamily and healthcare real estate lender acquires the assets of Sierra Capital Partners.
... Full Story
West Coast University Expands, Upgrades Space
By Bob Howard
COSTA MESA, CA-The nursing and healthcare education specialist, now with three locations in Southern California, is investing in new space as well as redesigns to improve existing facilities.
... Full Story
Hotel Defaults More Than Double in State
By Bob Howard
IRVINE, CA-The number of California hotels in default or foreclosed on jumped 125% in the last 60 days, and more than 500 have defaulted on their property taxes.
... Full Story
Turner Fund Targets Distressed Assets
By Bob Howard
NEWPORT BEACH, CA-The 30-year-old firm's first fully discretionary fund will acquire distressed commercial real estate and pools of performing and non-performing loans in the West.
... Full Story
$62M Industrial Sale Ranks Tops in SoCal
By Bob Howard
LAGUNA HILLS, CA-The 388,224-square-foot Saddleback Business Park generated multiple offers in highly contested bidding, ultimately selling to an all-cash buyer.
... Full Story
SVN Adds 12 Brokers, Plans Growth
By Bob Howard
IRVINE, CA-The new investment advisers formerly worked in the Orange County office of Guardian Management's SVN franchise before Guardian consolidated its SoCal offices.
... Full Story
KBS Capital Names Mike Crimmins CEO
By Bob Howard
NEWPORT BEACH, CA-The former national sales manager for KBS Capital Markets Group becomes CEO and managing director for the KBS sales and distribution entity.
... Full Story
Grubb-Meridian JV Targets Energy Properties
By Bob Howard
SANTA ANA, CA-Grubb & Ellis Co. and the Meridian Cos. form a JV called Energy & Infrastructure Advisors to invest in energy industry-related properties via private and public investment vehicles.
... Full Story
RiverRock Hits 10M SF, Expands Offices
By Bob Howard
SANTA ANA, CA-With its latest, 410,000-sf assignment, RiverRock Real Estate Group will open an office in West L.A. and plans another as it continues to expand during the downturn.
... Full Story
$19M Marriott Sale Near Lowest Per Room
By Bob Howard
SAN CLEMENTE, CA-The $19.3 million sale of the 292-room Riverside hotel ranks among the lowest prices per room paid for a full-service Marriott in the US.
... Full Story
New Trumark Unit Capitalizes on Market
By Bob Howard
IRVINE, CA-The 20-year-old land and commercial real estate development company expands into the residential realm to take advantage of market conditions.
... Full Story
Maguire Faces Default, Sells Office Tower
By Bob Howard
IRVINE, CA-The L.A.-based office REIT faces a possible default on its 566,000-square-foot Quintana office campus. Separately, it sells 3161 Michelson to a New York City-based buyer.
... Full Story
Prime Group Buys 349-Unit Complex for $43M
By Bob Howard
SANTA ANA, CA-The San Francisco-based buyer closes in 22 days on the $43.1 million acquisition of the Adagio at South Coast Apartments and is looking for more properties.
... Full Story
PCM Names Donny Disbro as New CEO
By Bob Howard
LAKE FOREST, CA-He takes over the reins of Professional Community Management of California Inc., the nation’s third-largest senior housing management firm.
... Full Story
Sunstone W Hotel Default Reflects Market
By Bob Howard
SAN CLEMENTE, CA-The REIT's decision not to make the June 1 payment on the San Diego W Hotel’s $65 million mortgage results from a continuing deterioration in demand, it says.
... Full Story
Jamboree Debuts Affordable Apartments
By Bob Howard
IRVINE, CA-The new 71-unit complex by Jamboree Housing Corp. is designed for families earning between 30% and 60% of the area median income.
... Full Story
Steadfast Forms Capital Markets Group
By Bob Howard
NEWPORT BEACH, CA-The new securities and financial services division, Steadfast Capital Markets Group, sees opportunities to acquire quality properties in a distressed market. ... Full Story
Industrial Lease Ranks Among Largest
By Bob Howard
ANAHEIM, CA-Arden Engineering's five-year lease on a 100,000-square-foot manufacturing/warehouse space is the largest in North Orange County since October 2007, brokers say.
... Full Story
Two Days, Two Big Office Deals
By Bob Howard
ORANGE, CA-The Abbey Co. of Long Beach buys a 460,000-square-foot office complex one day after another L.A.-based company reports a 270,000-square-foot acquisition.
... Full Story
Transpacific Buys Office Complex in $73M Deal
By Bob Howard
IRVINE, CA-Transpacific Development Co. acquires the 270,000-square-foot One and Three Premier Place complex, home to the Taco Bell corporate headquarters and Ford Motor Co.
... Full Story
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TIC July 28 
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