Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
HOLLYWOOD, CA-Following up on a story GlobeSt.com broke weeks ago, the CIM Group completes its $201-million acquisition of the retail and entertainment center from Trizec Properties.
UPLAND, CA-Developer Cable Business Park LLC of Upland is set to open the doors of its 260,000-sf Cable Business Park on 15 acres near the 210 Freeway. The multi-tenant buildings are designed for industrial, office and retail uses.
RIVERSIDE, CA-The city, which operates its own electrical utility, offers special rates on electricity for business users in a bid to attract more development. The city also plans a new power plant.
COVINA, CA-Covina Marketplace LLC buys the six-building, 105,259-sf retail center from Marketplace Covina for more than $13.4 million. It's one of two recently closed deals totaling more than $15 million.
HAWTHORNE, CA-The Camarillo-based developer borrows more than $10.7 million from Pacific Coast Capital Partners for the purchase and development of a 6.8-acre site and a 66,500-sf retail center.
RANCHO DOMINGUEZ, CA- A furniture maker here acquires a 115,000-sf industrial building for $6.3 million, and a printing company buys a 50,200-sf industrial facility in Chatsworth for $3.5 million.
RANCHO CUCAMONGA, CA-An industrial property here brings nearly $12.3 million and an industrial property in Corona sells for more than $8 million in two recently closed transactions by CB Richard Ellis and Grubb & Ellis.
IRVINE, CA-CIP Real Estate purchases two class A industrial parks in Ontario and Walnut from its existing value-added venture with Alex Brown Realty Inc. of Baltimore for a combined price of $21.5 million.
CENTURY CITY, CA-The law firm signs for 25,770 sf of space at 1901 Avenue of the Stars in a move from its Wilshire Boulevard offices in West Los Angeles. The deal is a 10-year lease valued at $8.3 million.
WHITTIER, CA-A buyer from San Jose acquires the 116-unit Summer Glen apartments from an affiliate of Lyon Capital of Newport Beach for more than $146,000 per unit. It is one of the highest prices per unit yet to be achieved in town.