Finance
Realty Income To Merge With VEREIT® In All-Stock Transaction
SAN DIEGO and PHOENIX -- Realty Income Corporation (NYSE) ("Realty Income"), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE: VER) ("VEREIT") today announced...
Industrial Property in Santa Fe Springs Sells for $14.3MM
LOS ANGELES and BOSTON -- Staley Point Capital ("Staley Point"), a value-add investor focused on industrial properties in Southern California, and Bain Capital Real Estate, the real estate investing...
Oregon Pension Fund Allocates $350MM for Mixed-Use Assets Targeting West Coast Markets
By Jon Peterson The Oregon Public Employees Retirement Fund has approved a $350 million allocation to a new investment strategy with a separate...
Wilshire West Medical Tower Refinanced with $42.5MM Loan
LOS ANGELES – Apr. 29, 2021 – JLL Capital Markets announced today that it has arranged a $42.5 million refinancing for Wilshire West Medical Tower,...
Invesco Closes on Apartment Development Project Investment in San Diego Area for $188MM for New Value-Add Fund
By Jon Peterson Invesco Real Estate has completed a transaction for the manager to develop a 342-unit apartment complex in the La Jolla...
$23MM Secured for Multifamily Portfolio in Orange County
Orange, Calif. (April 27, 2021) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $23 million in new financing...
Report: Demand for Industrial Real Estate in East Valley Outpaces Supply
By Catherine Sweeney Industrial real estate in the Inland Empire’s East Valley finished strong in the first quarter of 2021, with demand far...
Santa Monica Multifamily Asset Sells for $39.5MM
SANTA MONICA, Calif., April 28, 2021 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale...
Essex Sells Two SoCal Apartment Communities for $162.5MM
By Jon Peterson San Mateo, Calif.-based Essex Property Trust has sold three apartment complexes in the state that are located in San Mateo...
DivcoWest Expands into Single-Family Rental Sector with $250MM Investment
By Jon Peterson San Francisco-based DivcoWest has joined the ever-growing crowd of institutional capital sources that are placing investment dollars in the single-family rental...
Regency Centers Secures $197MM Debt Package for 10-Property National Retail Portfolio
(EDITOR’S NOTE: According to sources familiar with the deal, there were two Southern California assets part of the portfolio: Navajo Shopping Center at...
Industry Experts Remain Hopeful Despite Losses to Los Angeles Office Market
By Catherine Sweeney In 2020, the Los Angeles office market faced its second worst year in losses, followed by the Great Recession in...
