Broadcom Acquires Its 661,000 SQFT Irvine Headquarters Campus from PRP Real Assets for $325MM
The Palo Alto-based chipmaker converted from tenant to owner of its Irvine Spectrum headquarters, paying $325 million to landlord PRP Real Assets—roughly $492...
Holland Partner Group Buys Former Boomers Site in Fountain Valley for $28.25MM to Build 657-Unit Community
The Vancouver, Washington-based developer has closed on the 7-acre former amusement park off the 405 Freeway, advancing one of Fountain Valley's largest housing...
H&S Ventures, Waterford Property Acquire 371-Unit Edge Apartments in Anaheim’s Platinum Triangle
A partnership between H&S Ventures and Waterford Property Company has acquired the Edge, a 371-unit Class A community completed in 2019 in Anaheim's...
Confluent Lands Initial Tustin Approval for 275-Unit Clearwater Senior Community at Tustin Legacy
The Tustin City Council advanced Confluent Senior Living's plan to build a 275-unit senior housing and assisted living community on six acres of...
Port of Los Angeles Clinches Busiest Three-Month Stretch in 118-Year History as Peak Season Runs Long
The Port of Los Angeles moved nearly 2.92 million container units across June, July and August, the busiest three-month run in the port's...
Bridgewest Group Advances 203,000 SQFT Discovery Center Life Science Building in San Diego’s Torrey Pines
Bridgewest Group is pushing ahead with the Bridgewest Discovery Center, a roughly 203,000-square-foot ground-up life science building at 11011 Torreyana Road, staking a...
Hudson Pacific’s Hollywood Studio Slump Keeps Common Dividend Suspended Into a Second Year
The Los Angeles-based office and studio landlord has withheld its common dividend since September 2024, and the slump in demand at its Hollywood...
Essex Sells 101-Unit Promenade in Marina del Rey for $24.8MM, Below Its 2004 Purchase Price
Essex Property Trust sold the leasehold on The Promenade, a 101-unit Marina del Rey waterfront community, for $24.8 million to Coastline Real Estate...
93-Key Holiday Inn Express in Pasadena Hits Market at $21.98MM as Tri-Lin Holdings Calls for Offers
The recently renovated, IHG-flagged Holiday Inn Express & Suites at 3500 East Colorado Boulevard has been placed on the market with a September...
V on Victory, 68-Unit Van Nuys Apartment Community, Listed for $22.9MM
A 68-unit, 2022-vintage apartment community in the Valley Glen pocket of Van Nuys has hit the market at $22.9 million, offering investors a...
Simon Launches Multimillion-Dollar Revitalization of The Outlets at Orange, Adding Coach and Michael Kors
Simon Property Group and 50 percent partner KanAm Grund Group will pour millions into new finishes, landscaping and marquee tenants at The Outlets...
Santa Clarita Lawmaker’s Bill Would License the Cash-Advance Firms Funding Southern California’s Small-Business Tenants
A bill authored by Santa Clarita Assemblywoman Pilar Schiavo and now sitting on Gov. Gavin Newsom's desk would make California the first state...
Port of Los Angeles Clinches Busiest Three-Month Stretch in 118-Year History as Peak Season Runs Long
The Port of Los Angeles moved nearly 2.92 million container units across June, July and August, the busiest three-month run in the port's...
Irvine Company’s Exit Resets Downtown San Diego Office Values as Towers Trade at Discounts Up to 73%
The Irvine Company's methodical sell-off of its entire Downtown San Diego office portfolio has repriced the district's marquee towers by more than half...
Irvine Company Revises Oak Creek Golf Club Plan to 2,400 Homes, Pivoting to Lower-Priced Ownership in Irvine
The Irvine Company has reworked its proposal to redevelop the 280-acre Oak Creek Golf Club into a residential village, trimming the total home...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
Malibu High Headlines California’s Nation-Leading Push for Solar-Powered Schools, Report Finds
A new national census of clean energy in K-12 schools crowns California the runaway leader in both solar capacity and battery storage, with...
Simon Property Group Launches Ad Business Across Its Southern California Malls and Outlets
Simon Property Group, landlord of Southern California draws from Del Amo Fashion Center to Ontario Mills and Carlsbad Premium Outlets, has launched a...
Southern California Commercial Real Estate News
Port of Los Angeles Clinches Busiest Three-Month Stretch in 118-Year History as Peak Season Runs Long
The Port of Los Angeles moved nearly 2.92 million container units across June, July and August, the busiest three-month run in the port's...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
Imperial County Reverses California’s Largest Data Center as Water Fight Heads to Court
Two months after approving a nearly 1 million square foot hyperscale campus, Imperial County reversed course with a moratorium, drawing a lawsuit from...
Broadcom Acquires Its 661,000 SQFT Irvine Headquarters Campus from PRP Real Assets for $325MM
The Palo Alto-based chipmaker converted from tenant to owner of its Irvine Spectrum headquarters, paying $325 million to landlord PRP Real Assets—roughly $492...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
OCVIBE Adds Five Kitchens to 50,000 SQFT Katella Commons as Anaheim District Underwrites Tenant Build-Outs
The Samueli family's OCVIBE has signed five more independent operators into Katella Commons, the 50,000-square-foot Anaheim market hall it is financing down to...
Bridgewest Group Advances 203,000 SQFT Discovery Center Life Science Building in San Diego’s Torrey Pines
Bridgewest Group is pushing ahead with the Bridgewest Discovery Center, a roughly 203,000-square-foot ground-up life science building at 11011 Torreyana Road, staking a...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
Midway Rising’s $3.9B San Diego Redevelopment Clears Sacramento as Risk Shifts From Courtroom to Capital Stack
Two bills enrolled in the final hours of California's legislative session would retire the environmental litigation risk that has stalled the 48-acre Sports...
Lake Elsinore Planning Commission Advances 1,000,000 SQFT Baker Street Warehouse Project
Riverside Legacy IV Nichols Road, LLC won a pivotal endorsement from Lake Elsinore's Planning Commission for two warehouses spanning more than 1 million...
San Diego Outscores Los Angeles as Hines Maps the $1 Trillion Manufacturing Buildout
A Hines Research report that scored roughly 1,500 industrial submarkets nationwide gave San Diego five top-tier locations to Los Angeles' four, and the...
Imperial County Reverses California’s Largest Data Center as Water Fight Heads to Court
Two months after approving a nearly 1 million square foot hyperscale campus, Imperial County reversed course with a moratorium, drawing a lawsuit from...
McNellis: Economists vs. Flipping Coins
Economist: {noun}: someone good with numbers but without enough personality to be an accountant.
Ready for My Close-Up, Mr. Bonta
David Ellison says he’ll pull Paramount out of California—and maybe sell the storied Melrose lot—unless a dozen attorneys general drop their antitrust suit....
McNellis: One House, One Spouse — A Guide to Wealth Preservation
Why razor-thin overhead and the 'one house, one spouse' rule are the keys to preserving wealth in real estate and in life.
McNellis: In Denial Over the New Normal
By John McNellis Developers always crash and burn in the movies. The eternal bad guy, the developers’ heinous plans to pave a beach,...
The Art of the Quiet Exit, A Hudson Pacific Story
Hudson Pacific’s COO resigned with the usual boilerplate denial attached—but after a $572 million annual loss, a scrapped dividend and a stock down...
The Data Center Bargain: What Every Town Should Demand
Free power. Free heat. Clean water. The bargain every town should be demanding. By Billy the Broker (I just want to stay anonymous)...
San Diego International Airport Lands $30.3MM FAA Grant for Terminal 1 Reconstruction
San Diego International Airport secured $30.3 million in new federal funding for its Terminal 1 reconstruction, one of a select group of U.S....
Irvine Company’s Exit Resets Downtown San Diego Office Values as Towers Trade at Discounts Up to 73%
The Irvine Company's methodical sell-off of its entire Downtown San Diego office portfolio has repriced the district's marquee towers by more than half...
Alghanim’s 42,000 SQFT Crown Bel Air Portfolio Draws $54.4MM Auction Bid, Tops LA County Luxury Contracts
A nine-parcel Bel Air and Hollywood Hills assemblage that Kuwaiti billionaire Bassam Alghanim spent more than four decades building has landed under contract...
GR Properties USA Lands $62MM Dwight Bridge Loan to Recapitalize 139-Unit Lana Apartments in Culver City
GR Properties USA, the U.S. arm of Hong Kong developer Guo Rui Group, has secured a $62 million bridge loan from Dwight Investment...
Lake Elsinore Planning Commission Advances 1,000,000 SQFT Baker Street Warehouse Project
Riverside Legacy IV Nichols Road, LLC won a pivotal endorsement from Lake Elsinore's Planning Commission for two warehouses spanning more than 1 million...
Lowe and JC Resorts Land Barings Financing for 582-Key Terranea Resort in Rancho Palos Verdes
The joint venture behind Terranea Resort has secured fresh capital on one of California's most coveted hotel assets, tapping Barings for a five-year...
Fortress Seizes 182,000 SQFT Former Sony Animation Campus in Culver City With $71MM Credit Bid as City Weighs a Deal
Fortress Investment Group, which quietly bought the campus's Goldman Sachs–originated note three years ago, has taken ownership of the long-vacant 9050 Washington Boulevard...
Ian Schrager’s 137-Key PUBLIC Hotel West Hollywood Lands $116.5MM Refi on the Sunset Strip
A Cushman & Wakefield team has arranged $116.5 million in bridge financing for hoteliers Ian Schrager and Ed Scheetz, retiring the 2024 acquisition...
