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.
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.
LOS ANGELES-The Housing Authority of the City of Los Angeles secures more than $17.2 million to refinance a six-property portfolio including seniors housing and multifamily properties.
VENTURA, CA-Ventura Gateway LLC obtains the loan for the 270,000-sf retail center through Bear Stearns in a refinancing arranged by Venture West Funding.
STANTON, CA-San Francisco-based Carmel Partners acquires the 194-unit complex for $24.6 million from a private investor based in Napa, according to Marcus & Millichap.
BREA, CA-The latest deal is the $12.6-million sale of the Village at Birch Street Promenade, the final sale at the development, which has generated $45 million worth of retail real estate transactions.
SANTA MONICA, CA-Fremont General Corp. moves its headquarters to the Water Garden in a 10-year lease for 62,000 sf at the landmark office development. Terms are undisclosed, but it's potentially a $20-million deal at current asking rates.
LOS ANGELES-A group led by Milbank Real Estate Services buys the landmark former HF Ahmanson building for $62.4 million from Mani Brothers Real Estate Investment Group.
COSTA MESA-One buyer acquires a 19-unit apartment building for $2.9 million after the price is lowered, and another property sells for $1.6 million in an all-cash deal, Hendricks & Partners reports.
BELL GARDENS, CA-Larry Flynt's Hustler Casino secures the five-year, fixed rate mortgage in a private placement, according to George Smith Partners/Rifkind Capital Advisors.