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Damac Properties submitted the only bid for the 1.8-acre oceanfront property, where it plans to build a luxury residential tower.
Asset manager will move into City National Plaza, reduce its footprint by 22%.
Flush with cash and industry-highest occupancy rates, Public Storage is poised to continue its acquisition strategy.
JLL survey of tenants who downsized finds 53% were displaced by office-to-lab conversions.
New DOC figures show e-commerce share of retail hovering at 14% as growth flattens.
JLL closes sale of three net-leased assets that anchor Gateway to Kearny Mesa's thriving retail hub.
Partnership to grow portfolio across Southeast, has closed on 3 NC assets and site for new facility in SC.
Debt-financing fund will raise money from endowments for short-term CRE-backed bridge loans.
Squeezed by rising prices, mortgage rate hikes and tight supply, sales hit their lowest level since June 2020.
The NC-based asset manager grew its Bay Area portfolio with a 260-unit complex next to a thriving biotech hub.