MCA REALTY ACQUIRES TWO RARE MULTI-TENANT INDUSTRIAL ASSETS ENCOMPASSING MORE THAN HALF A MILLION...
MCA Realty, a full service real estate investment and management company, has acquired two multi-tenant industrial assets totaling more than half a million square feet in the Inland Empire for a combined total of $36.8 million.
Meta Housing Corporation has announced the completion of Metro @ Compton Senior Apartments, a $20.3 million, transit-oriented, 75-unit affordable housing development available to seniors aged 55+ in Compton, California
TIAA-CREF, a leading U.S. financial services organization and the nation’s largest manager of U.S. institutional tax-exempt real estate assets*, today announced the acquisition of a prime real estate asset in San Francisco as part of its joint venture with partner Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global.
Clearinghouse Community Development Financial Institution (CDFI) announced today its partnership with new shareholder Rancho Santa Fe Thrift & Loan, who provided a $25,000 Class A equity investment to finance projects benefiting underserved California communities. This new investment brings Clearinghouse CDFI’s Class A shareholder list to over 40 investors, with total equity exceeding $44 million.
The Infrastructure Alliance Partnership among The California State Teachers’ Retirement System (CalSTRS), Dutch pension manager APG, and Argo Infrastructure Partners, today announced it has completed the acquisition of the Cross-Sound Cable, or CSC, transmission line after receiving all regulatory approvals.
With wildfires raging across ten Northwestern states and California, the Property Casualty Insurers Association of America (PCI) is encouraging residents asked to evacuate to save receipts for expenses incurred and contact their insurance companies as soon as possible to begin receiving assistance if their home is damaged
BH Properties, LLC, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed commercial real estate properties, closed more than $120 million in acquisitions during the second quarter of 2015. These transactions added 2.97 million square feet of industrial, office, retail, multifamily and RV Parks to the firm’s portfolio. The properties were located in nine states, including Arizona, California, Colorado, Georgia, Iowa, Maine, Tennessee, Texas and Utah.
Vice President Scott L. Linklater with NAI Capital represented the buyer TD Land LLC on the purchase of a 31,633 square foot light industrial manufacturing facility in the city of Simi Valley, Calif. The seller was 3990 Royal Corporation, Inc. The total sale price was $3.9M or $124 per square foot.
Senior Vice President Lynn Coker with NAI Capital secured a 10-year lease to ACME Moving and Storage. The company based out of Palm Desert, CA will open its largest location in California at 77550 Enfield Lane, Palm Desert, Calif. Coker, represented the owners in the transaction
Senior Vice President Fariba Kavian with NAI Capital represented the seller HCLARE LLC on the sale of the 22,750 square foot Sprouts Farmers Market. The sale price was well over $12 Million. In addition, the buyer paid a prepayment penalty of approximately $600K to the pay off the existing loan on the property, which was at an above market interest rate, in order to obtain better financing.
BKM Capital Partners, a fund manager and operator platform targeting value-add, multi-tenant industrial real estate in the Western U.S., has hired real estate marketing and operations executive Barbara Rea as its Director of Operations & Marketing
ConAm To Increase National Management Portfolio: Names Julie Brawn-Whitesides as Executive Vice President of...
The ConAm Group (ConAm) is aggressively increasing its national multifamily property management portfolio through both company-owned and third-party fee management assets and has announced the appointment of Julie Brawn-Whitesides as its new Executive Vice President of Property Management as part of that strategy, according to Rob Singh and Bob Svatos, Co-Presidents of ConAm
More than 200 K-5th grade children who live in the city’s Potrero Terrace & Annex public housing received free backpacks, essential school supplies, LeapFrog learning devices, books and back-to-school information at a special giveaway today.
The McGrath Family, known in San Diego as pioneers in construction and real estate, have announced the sale of a portion of their retail portfolio encompassing 294,428 square feet in the Kearny Mesa submarket of San Diego, California to a commingled fund managed by Clarion Partners, working with existing partner HP Investors, LLC.
Interstate Equities Corporation (IEC), an institutional fund manager has acquired a rare, un-renovated, 46-unit multifamily community in San Rafael, California from a private family owner. The 45-year-old Marin Gardens Apartments is still in its original condition, providing a tremendous opportunity to create value, according to Marshall Boyd, President of IEC.
POWERSTONE ADDS DESERT PRINCESS HOMEOWNERS ASSOCIATION – PROPERTY MANAGEMENT FIRM TO MANAGE FINANCIAL SERVICES
PowerStone Property Management Inc. a full service Orange County, California based property management firm, today announced that the prestigious Desert Princess Homeowners Association has awarded the financial service portion of their HOA property management to PowerStone. PowerStone will manage the financial services of the community, assisting the Board of Directors and the on-site staff with the preparation of the monthly financial reports.
Congresswoman Loretta Sanchez (CA-46) and Congresswoman Zoe Lofgren (CA-19), co-chairs of the Congressional Caucus on Vietnam, hosted a congressional briefing on Vietnam’s deteriorating human rights record
Democratic Leader Nancy Pelosi delivered remarks today on the House floor on Trade Adjustment Assistance and Trade Promotion Authority. Below is a transcript of the Leader’s remarks
Governor Edmund G. Brown Jr. issued the following statement today after President Barack Obama announced new actions and investments to support workers, farmers and rural communities suffering from drought and to combat wildfires, including $18 million for the State of California to provide jobs for workers dislocated by the drought