West

  • Multifamily Cap Rates Heading Down

    LOS ANGELES—In this EXCLUISVE video interview, Marcus & Millichap’s John S. Sebree talks about the strength of the multifamily market and where investors are facing challenges.

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  • UCLA Wins NAIOP Silver Shovel Award

    LOS ANGELES—The five-member graduate student team imagines a mixed-use development on a 21-acre site to beat out USC for the prestigious award at the annual NAIOP SoCal Real Estate Challenge.

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  • Parkmerced Development Gets Investor Interest

    SAN FRANCISCO—In a deal that valued the sprawling Parkmerced housing development at more than $1.35 billion, a group of New York investors, led by Mark Karasick bought the majority interest in San Francisco’s Parkmerced.

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  • SoCal Logistics Center Changes Hands

    ONTARIO, CA—Ontario Pacific Business Center is a 246,097 SF multi-tenant distribution center adjacent to San Bernardino County freeways.

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  • Zillow Expands Headquarters

    SEATTLE—Growing company will become the largest tenant in Seattle's iconic 42-story Russell Investments Center.

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  • Shopoff Adds Land Acquisition Specialist

    IRVINE, CA—Joseph Reed joins the firm as VP of land acquisition, bringing his expertise in residential, mixed-use, retail, multifamily and master-planned communities to the investment and development company.

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  • Average Days to Flip Decreases Slightly

    IRVINE, CA—Supply and demand, in addition to the extent of the rehab being done on a home, are the factors that impact how long it takes to flip a home, RealtyTrac’s Daren Blomquist tells GlobeSt.com in this UPDATE .

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  • CBRE Honored at Annual TOBY Awards

    PHOENIX—CBRE was recently honored at the Phoenix chapter of the Building Owners and Managers Association’s Annual TOBY Awards. The award, which stands for The Outstanding Building of the Year, recognizes building operations and management.

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  • Cassidy Turley Closes Mesa Multifamily

    PHOENIX—Cassidy Turley announces the sale of Newport Mesa, a 156-unit apartment community in Mesa. Southern Avenue 156 Community, LLC purchased the property from Newport Mesa Apartments, LLC.

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  • Passco Buys Multifamily Project for $38M

    KENNESAW, GA—Passco Companies, LLC has purchased the 238-unit Twenty25 Barrett apartment complex here for $38.8 million.

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  • Oaktree and Intertex Buy Biomedical Portfolio

    LOS ANGELES—The joint venture buys the Mann Biomedical Park and Sylmar Biomedical Park, a two-property portfolio, from an entity affiliated with Alfred Mann.

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  • UCLA Completes $115M Wasserman Building

    LOS ANGELES—PCL Construction and Morley Builders complete tenant improvements on the Edie and Lew Wasserman-dedicated building at the campus, which will serve as a research and patient-care facility.

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  • Banks Show Proper Credit Discipline

    LOS ANGELES—Luther Burbank Savings’ Jason Pendergist, who is featured on Real Estate Forum’s “Fifty Under 40” list, talks lending trends, noting that the banks are back with lessons learned.

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  • Home Price Gains Slow; October Volume Up

    NEW YORK CITY—“The overall trend in home price increases continues to slow down,” says S&P Dow Jones’ David Blitzer, a trend that economists see as signs of increasing stability.

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  • So Much More Than Bricks and Mortar

    KAILUA-KONA, HI—In this EXCLUSIVE Q&A, GlobeSt.com’s Natalie Dolce chats with Hualalai Resort CEO, Pat Fitzgerald on the resort, future growth, and upcoming trends in luxury real estate.

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  • Putting Firms in Front of Investors

    IRVINE, CA—Crowdfunding allows real estate firms to interface directly with investors, which is key in today’s challenging environment, MondayOne’s Kenny Dewan and EquityNet’s Judd Hollas tell GlobeSt.com EXCLUSIVELY .

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  • Commercial Tenants Enjoy Expanded Utilities

    VICTORVILLE, CA—The City of Victorville is augmenting its utilities offerings for electrical services and industrial wastewater treatment, giving property users a competitive advantage in the region.

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  • Home Sales Predicted to Flatten in November

    IRVINE, CA—Existing home sales for the month are projected to fall between seasonally adjusted averages of 5.05 million and 5.46 million annual sales, as compared to October’s higher-than-expected figure, Auction.com reports.

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  • Hotel Palomar Trades Hands for $79M

    LOS ANGELES—Pebblebrook Hotel Trust buys the 264-room Kimpton-managed boutique hotel in its fifth California hotel purchase and 10th Kimpton Hotel purchase.

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  • Rockefeller Group Moving Forward

    PHOENIX—The Rockefeller Group recently completed its 82,000-square-foot flex/office building on 8.2 acres at the Chandler Corporate Center campus. The building is the company’s second spec building in the office park.

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