Finance
JLL Names Capital Markets Chief Mark Gibson Its First U.S. Country CEO, Taps Kevin MacKenzie as Successor
JLL has elevated Mark Gibson, the former HFF chief who has run its Americas capital markets business for seven years, into a newly...
Alexandria’s 171,000 SQFT Capricor Lease Hinges on FDA Ruling as San Diego Lab Vacancy Hits 28.5%
Alexandria Real Estate Equities has committed a tenant improvement allowance of up to $31.6 million and more than two years of base rent...
Acore Moves to Foreclose on GPI’s Vacant 230,000 SQFT West End Office Campus Over $82.5MM Debt
GPI Companies' West End, the 230,000-square-foot creative office conversion of the former Westside Pavilion Macy's, is headed toward foreclosure after lender Acore Capital...
Owner-Users and Conversions Pull 1.48MM SQFT From LA’s Office Market, Nudging Vacancy Down Despite Losses
Los Angeles office vacancy slipped to 25.3 percent in the third quarter not because tenants took more space but because CBRE removed 1.48...
EV Realty Locks Down 9 MW of Edison Power for Ontario Truck Charging Hub on E. Philadelphia Street
EV Realty is buying an industrial property at 2151 E. Philadelphia Street in Ontario and has already reserved 9 megawatts of Southern California...
Combs Entity Sells Former RiverRock HQ, a 22,000 SQFT Irvine Office, to Private Investor for $15.7MM
An entity led by RiverRock Real Estate Group founder John Combs has sold the renovated former RiverRock headquarters at 2392 Morse Avenue in...
Weeks After $1.2B SoCal Logistics Play, EQT Lands Stockbridge for Up to $550MM
EQT AB is following its Southern California logistics push with a much bigger corporate bet, agreeing to acquire San Francisco-based Stockbridge for $375...
Anderson Real Estate Pulls $219MM From Century City’s 940,000 SQFT Anderson Towers in $550MM Refinancing
Anderson Real Estate has lined up a $550 million CMBS loan from Wells Fargo and JPMorgan Chase on its 940,000-square-foot Anderson Towers campus...
RMR-Managed Venture Lands $272MM Refinancing for 330,000 SQFT Cedars-Sinai Medical Office Towers in Los Angeles
A joint venture managed by The RMR Group has swapped a maturing CMBS loan on two Cedars-Sinai-anchored medical office towers on West Third...
Los Angeles Water and Power Pension Doubles Down on Vistria Workforce Housing in $250MM Real Estate Push
The Los Angeles Water and Power Employees’ Retirement Plan has steered $250 million into three private real estate vehicles, doubling its stake in...
Parcel Sales Pare Matured Loan on 2,074,000 SQFT Lakewood Center to $221MM as Pacific Retail Venture Works Out Debt
Pacific Retail Capital Partners' joint venture has used a string of parcel sales to shrink the matured CMBS loan on Lakewood Center to...
Trinity Investments Lands $210MM Citi Refinancing for 531-Key Grand Hyatt Indian Wells Resort & Villas
Trinity Investments has locked in $210 million of floating-rate CMBS debt from Citi on the Grand Hyatt Indian Wells Resort & Villas, a...
