Finance
CMBS Lender Moves to Take Control of Fallas Family’s 88-Unit Metropolitan Building in Downtown Los Angeles After $32MM Default
A judicial foreclosure action filed this month against the Fallas family’s landmark Metropolitan building at 449 South Broadway has put one of Downtown...
Newly Built 64,000 SQFT Simi Valley Warehouse Lists for $19MM Below Cost as Default Notice Clouds 2680 Westhills Court
A four-year-old, never-occupied industrial building on the 118 Freeway has come to market at $19 million, less than its owner paid in 2022...
Wells Fargo: Fed Poised for Extended Hold as Warsh Era Opens Amid Sticky Inflation
Wells Fargo economists expect the Federal Reserve to sit on the sidelines for an extended period as new Chair Kevin Warsh takes the...
CalPERS Deploys $2.95B Across Real Estate and Infrastructure, Anchored by $2B Top-Up to GIP Redwood Platform
The California Public Employees’ Retirement System has approved nearly $3 billion in new real assets commitments, concentrating the bulk of its firepower on...
Columbia Pacific Lists Former World’s Gym Site on Abbot Kinney for 148-Unit Venice Residential Play
Columbia Pacific Advisors has brought to market a 0.68-acre development site at the corner of Abbot Kinney Boulevard and Main Street in Venice,...
Bay Club Buys Land Under 100,000 SQFT El Segundo Club Campus from Continental Development for $42MM
The Bay Club Company has paid $42 million to take full ownership of the 5.4-acre campus housing Bay Club El Segundo, exercising a...
California Exports Climb 7.7% in April, But Gains Reflect Pre-War Orders, Beacon Economics Says
California’s merchandise exports posted a solid year-over-year gain in April even as the state ceded ground to Texas on both sides of the...
Fully Leased 33,000 SQFT Foothill Ranch Strip Center The Village Hits Market for $24.6MM in Lake Forest
The Village, a fully occupied daily-needs retail strip center in the Foothill Ranch area of Lake Forest, has hit the market for $24.6...
Gee Automotive Lands Irvine Auto Center Ford-Lincoln Site for $45.9MM in Tuttle-Click Buyout
A Washington-based dealership group has planted its flag at the Irvine Auto Center, paying nearly $46 million for the Ford-Lincoln real estate as...
Rockpoint Acquires 97-Unit Wilshire Margot in Westwood Following $99.2MM Loan Default
Boston private equity firm Rockpoint has taken control of the Wilshire Margot, a 97-unit Westwood apartment tower whose prior ownership entity had defaulted...
Affinius Capital Lands $120MM Refinancing of AAA Management’s 302-Unit Elowen Tower in San Diego’s Kearny Mesa
Affinius Capital has closed a $120 million loan to refinance Elowen, a newly built 302-unit luxury apartment tower in San Diego’s Kearny Mesa...
Meritage Homes Buys Aliso Viejo Office Site for $14MM, Clearing the Way for 61 Townhomes
Meritage Homes has acquired a vacant Class B office complex in Aliso Viejo for $14 million and will demolish it to build 61...
