Molina Healthcare Inc., through its wholly-owned subsidiary, Molina Center LLC, it has successfully completed a sale/leaseback transaction with the dedicated net lease group of Angelo, Gordon & Co. for $158 million....More
Colliers International has been selected to manage two high-street luxury retail buildings in Beverly Hills, Calif. The properties, which are owned by Grosvenor Americas, are located in the Rodeo Drive corridor and house Harry Winston and Bebe....More
The landmark retail property located at 1486 East Valley Rd. in Santa Barbara, Calif. has been sold for $16 million. The seller was 1486 East Valley Road LLC, while the buyer was an international fund, US 3N LLC....More
Rexford Industrial has purchased a 100,851-sq.-ft. distribution warehouse in the South Bay area of Los Angeles. The building, located at 1661 West 240th St., sold for $5.27 million in a short-term sale lease-back deal....More
Kent Mehring has been hired by WNC to fill the role of vice president of asset management. In his new role, Mehring will oversee the leasing of properties in the company’s portfolio, stabilized asset management and compliance monitoring....More
Construction is complete on the adaptive reuse project for the Long Beach Press-Telegram Building. RXR Realty plans to complete a major capital improvement and renovation program at the iconic 75 Rockefeller Plaza. And according to an analysis conducted by the Electric Power Research Institute (EPRI), consumers who purchase an electric vehicle will find that costs to own the vehicle are competitive with conventional and hybrid vehicles....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?