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Refrigerated real estate investor Provender Partners has entered into a joint venture with an affiliate of Cerberus Capital Management, focusing on building cold storage processing facilities to bring vital supply chain solutions to market.
There are several provisions landlords should insist upon in renegotiated leases to ensure future protections, but there are several common pitfalls, says Quinn Arntsen, partner with Farella Braun + Martel.
Sacramento is one of the markets continuing to experience apartment rent growth of slightly less than 4% in the last year, leading to mega-acquisitions such as Alira which was recently purchased for $92.3 million.
Refinancing of $150 million was recently arranged for the historic 606-key Fairmont hotel on behalf of the borrower, an affiliate of Mirae Asset Global Investments.
Greater Sacramento is home to several global tech and life sciences companies, and is the only major metropolitan area that has highly skilled employment combined with low business costs and an affordable lifestyle.
Most of the tax-related ballot measures passed in the last election, with the exception of Proposition 15, and Allen Matkins shared some insights into what this means for commercial real estate.
A new California stay-at-home order, broken down on a regional basis, was announced yesterday, and will go into effect within 24 hours in regions with less than 15% intensive care unit availability.
The credit provides $1,000 or $2,000 to contractors or developers for newly built or substantially renovated energy-efficient residential dwelling units that are purchased, leased or rented from the contractor and used as a residence.
At a sale price of $275 million, Cupertino-based developer Hunter Properties recently disposed of Phase I of Coleman Highline, a 1.75 million-square-foot mixed-use campus.