Industry News
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...
Sares Regis Expands Team with Addition of Jeff Condon
NEWPORT BEACH, Calif., March 16, 2021 – Sares Regis Group is pleased to announce Jeff Condon has joined its multifamily property management division,...
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...
Podcast: Tom Deane & Noel Brady, Co-Founders of Project Mark
Tom Deane serves as the CEO of Project Mark. He has spent 10 years in the Construction Industry working primarily in Cost & Risk...
Greg Fink Joins Bellwether Asset Management to Lead New Business Development
Bellwether Asset Management, Inc. (“Bellwether”) announced today that it has hired Greg Fink as Managing Director and Head of Business Development. In his new role,...
Changes to Energy Code Process Strip Power from Local Voters
This blog was originally posted by NRDC and is republished with permission. By Lauren Urbanek, National Resources Defense Council The organization that administers the process for...
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...
Los Angeles Area Chamber of Commerce Comments on Enactment of “American Rescue Plan”
LOS ANGELES, CA – MARCH 11, 2021 – The House of Representatives recently passed its $1.9 trillion COVID-19 relief package, the American Rescue Plan,...
Los Angeles Area Chamber of Commerce Responds to 2021 State of the State Address
LOS ANGELES, CA – MARCH 10, 2021 – Last night, California Governor Gavin Newsom delivered the annual State of the State address from Dodger Stadium...
Berkadia Secures $23.5MM in Financing for Commercial Office Property in Valencia, Calif.
COLUMBUS, Ohio – March 9, 2020 – Berkadia today announced the financing secured for the headquarters of digital marketing and technology company Scorpion in...
Industrial Property in Carlsbad Acquired for $5.24MM
San Diego – CBRE announced that a private 1031 exchange buyer has purchased an industrial property in Carlsbad, Calif. for $5.24 million or...
Buchanan Street Partners Pays $24MM for 91,517 SQFT Flex/Showroom in Orange County
Fountain Valley, CA (March 5, 2021) – Buchanan Street Partners recently purchased a three-building, 91,517-square-foot flex/showroom retail center for $24 million (just over $262...
