Industry News
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...
Olson Homes Files for 159 Townhomes on Vacant 8-Acre Medical Office Site in Monterey Park
Olson Homes is moving to convert a pair of empty Monterey Park medical office buildings into a 159-unit gated for-sale townhome community, the...
Tempo Leases 35,000 SQFT Sorrento Mesa Building for San Diego HQ as Thermochemical Storage Startup Eyes Commercial Scale
Tempo, the rebranded thermochemical energy storage startup formerly known as Redoxblox, has leased a 35,000-square-foot building at 6680 Cobra Way in Sorrento Mesa...
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,...
Colliers Opens New Two-Story San Diego Office on High Bluff Drive, Capping Aggressive Talent Push Under Aaron West
Colliers has opened a purpose-built, two-story San Diego office at 12780 High Bluff Drive in the Del Mar Heights submarket, where the brokerage...
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...
Wakeland Housing’s $140MM Becker Affordable Complex Leads Hines’ $1B Riverwalk in San Diego’s Mission Valley
Construction is underway on The Becker, a $140 million affordable apartment complex that will be the first completed building within Hines’ $1 billion...
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...
