Finance
Hoag Lists Leasehold on 116,000 SQFT Sand Canyon Medical Trophy Tower on Its Irvine Hospital Campus
Hoag Memorial Hospital Presbyterian has put the leasehold interest in Sand Canyon Medical, a 10-story trophy medical office tower anchored to its fast-growing...
Linc Housing Bets on Its Own Backyard, Filing Plans for 109-Home, 145,000 SQFT Affordable Tower at 3590 Elm Ave. in Long Beach
Long Beach-based developer Linc Housing has filed plans to demolish its own headquarters north of the 405 Freeway and replace it with a...
Ashford Sells 260-Room Sheraton Mission Valley to Hotel Circle Holdings for $45.25MM in San Diego
Ashford Hospitality Trust has closed the sale of its 260-room Sheraton San Diego Mission Valley to Hotel Circle Holdings for roughly $45.25 million,...
Pacific Urban Investors Buys 398-Unit Next on Sixth in Koreatown for $139MM, a $50MM Discount to 2019 Price
Pacific Urban Investors has acquired Next on Sixth, a 398-unit Koreatown apartment tower with a ground-floor Target, paying $139 million to a merger-bound...
Rosemead Place Retail Center Secures $46MM Cash-Out Refinance on 337,000 SQFT Asset
The Target-anchored Rosemead Place has been recapitalized with a $46 million permanent loan, pulling fresh equity out of one of the San Gabriel...
KB Home’s California-Led West Coast Bucks the Slump on Orders as Prices Retreat
KB Home’s West Coast region, anchored by its core California markets, was the lone bright spot for new orders in a difficult second...
UPS-Leased 84,600 SQFT Cross-Dock Center Lists in San Marcos With 11.85 Acres and a Known 2029 Vacate
A UPS-occupied cross-dock distribution building on nearly 12 acres in San Marcos has come to market as a value-add play, pairing investment-grade income...
Harridge Development Group Secures $135MM Schroders Loan for Baldwin Hills Crenshaw Plaza in Los Angeles
Harridge Development Group has secured a $135 million loan from Schroders for Baldwin Hills Crenshaw Plaza, the 870,000-square-foot Los Angeles retail property the...
Grosvenor Lists 72-Unit Condo-Mapped Glen Arbor Villas in LA’s Century City as British Dynasty Retreats from U.S.
Grosvenor has placed its condominium-mapped Glen Arbor Villas apartment complex in Century City on the market, extending a coast-to-coast retreat that has the...
Fluid Components International-Leased 66,976 SQFT Industrial Building in San Marcos Trades for $14.5MM
A private 1031 exchange investor has acquired a fully leased, single-tenant industrial building in San Marcos for $14.5 million, drawn to a property...
California Sends $11.25B Housing Bond to November Ballot, with $5.1B Aimed at Multifamily Development
California’s governor and legislative leaders have struck a deal to ask voters for $11.25 billion in housing borrowing this November, channeling the single...
Freestanding 69,000 SQFT Anaheim Warehouse Lists for $21.7MM as Orange County Industrial Steadies
A single-tenant industrial building in Anaheim’s Canyon submarket has hit the market priced at roughly $315 per square foot, testing buyer appetite as...
