Finance
Dueling Transfer Tax Measures Put Billions in California Real Estate Revenue on the Line
A Howard Jarvis ballot initiative and a last-minute legislative compromise, AB 736, are racing toward a June 25 deadline that will determine how...
Office REIT With Carlsbad, San Diego Holdings Exits Bankruptcy as Creditors Take Control in $714MM Debt Cut
Office Properties Income Trust, the national REIT that owns three office buildings in San Diego County, has emerged from Chapter 11 after a...
Trump Stalls Landmark Housing Bill Over Voter-ID Fight, Leaving West Coast Investors in Limbo
The 21st Century ROAD to Housing Act, the biggest federal housing package in a generation, cleared Congress with overwhelming bipartisan support, but President...
JH Real Estate Acquires 330,000-SQFT FIGat7th Retail Center From Brookfield for $68.5MM in Downtown Los Angeles
JH Real Estate Partners has purchased the FIGat7th open-air retail center in downtown Los Angeles for $68.5 million, capturing a fully leased financial-district...
MSM Global Ventures Lists 11-Parcel, 4-Acre Laguna Beach Beachfront Compound for $95MM
A Newport Beach investment firm has placed a nearly 4-acre, 11-parcel oceanfront assemblage above Thousand Steps Beach on the market for $95 million,...
BKM Capital Partners Buys 429,000-SQFT Carson Industrial Center in South Bay for $95MM
BKM Capital Partners has acquired the 11-building Carson Industrial Center in Los Angeles’ South Bay for $95 million, wagering that a repriced industrial...
Crescent Heights Lands $210MM Centerbridge Loan to Sell Out 349-Condo Skyline OC in Santa Ana
Crescent Heights has secured a $210 million condominium inventory loan from Centerbridge Partners to bankroll the sell-out of Skyline OC, a twin-tower Santa...
$240MM Defaulted Loan on 22-Acre Manhattan Beach Studios Hits Market as Foreclosure Looms in South Bay
The $240 million loan secured by Manhattan Beach Studios is up for sale just weeks after the lender filed to foreclose on the...
Jewell Capital Buys 68,000 SQFT Temecula Industrial Park for $13.5MM as Inland Vacancy Tightens
Jewell Capital has acquired a fully stabilized, three-building industrial park in Temecula for $13.5 million, closing a deal that highlights persistent investor appetite...
IRA Companies Lists Anduril-Leased 154,418 SQFT Office Building in Irvine, Last Bought for $103MM
IRA Companies, LLC has put 2722 Michelson Drive up for sale, a fully leased Irvine office and R&D building occupied by defense technology...
Irvine Company Buys Shuttered 1.26-Acre Newport Beach Car Wash for $32.5MM to Feed 600-Unit Newport Center Housing Push
The Irvine Company has acquired the shuttered, 51-year-old Newport Beach Car Wash near Fashion Island for $32.5 million, folding a 1.26-acre parcel into...
Renovated 10,000 SQFT Waterfront Office at 2262 Carmel Valley Road Sells for $8.5MM in Del Mar
A recently renovated two-story waterfront office building overlooking the Los Penasquitos Lagoon in Del Mar has traded to an owner-user wealth management firm...
