Finance
Penwood Raises $382MM for New Industrial Fund with Southern California One of Two Targeted Regions
By Jon Peterson West Hartford, Conn.-based Penwood Real Estate Investment Management continues to have its eye on the Southern California market. The firm just...
Simi Valley Industrial Property Sells for $5.9MM
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed a sale leaseback transaction for a two-story, Class...
Macerich Obtains $950MM Liquidity Position through Sale, Stock Offering and Credit Facility
SANTA MONICA, Calif., March 26, 2021 — Today, the Macerich Company (NYSE: MAC, the “Company”) announced certain major capital events and other updates. Through March 25,...
WeWork to Become Publicly Traded Via SPAC Merger with BowX Acquisition Corp.
WeWork’s platform and global network position the company as a leader in flexible space, ideally situated to serve the multi-trillion dollar office space...
Oaktree Closes Eighth Real Estate Opportunities Fund at $4.7B
LOS ANGELES–Oaktree Capital Management, L.P. (“Oaktree”) today announced the successful final close of Oaktree Real Estate Opportunities Fund VIII and related vehicles (“ROF...
Podcast: Mike Sroka, Co-Founder and CEO of Dealpath
Mike Sroka is the co-founder and CEO of San Francisco-based Dealpath, a company that describes itself as a platform that enables smarter deal management...
Columbia Property Trust Receives $2.2B Buyout Offer
NEW YORK—Arkhouse Partners LLC, AS8888 LLC, an entity of The Sapir Organization, and 8F Investment Partners Pte. Ltd., which together beneficially own approximately...
Harbor Associates Acquires 297,000 SQFT Office Property in Aliso Viejo for $92MM
(EDITOR’S NOTE: According to sources with knowledge of the transaction, the deal closed for $92 million, or just over $309 per square foot.) Long...
Google Plans for $7B in U.S. Investments in 2021, $1B in California
By Sundar Pichai, CEO of Google and Alphabet One of the best parts of my job is getting the opportunity to visit the...
CalSTRS Allocates $1.3B for New Real Estate Opportunities Across West Coast Markets
By Jon Peterson California State Teachers Retirement System (CalSTRS) has issued $1.3 billion of new capital into three joint ventures with managers that will...
Blackstone & Starwood to Acquire Extended Stay America for $6B
Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) announced today...
Scripps Mesa Business Park in San Diego Closes $18MM Refinance
PHOENIX, ARIZONA (March 11, 2021) – James DuMars, senior vice president/managing director of NorthMarq’s Phoenix Debt/Equity office arranged the $18 million refinance of...
