California

California's Transbay Transit Center Is Under Construction

Fri, 17 May 2013 18:48:00 +0000

One of the largest train stations ever built in America is well underway!

Three Carnegie Plaza Sells for $8M

Fri, 17 May 2013 13:39:00 +0000

Rancon Realty Fund V has disposed of Three Carnegie Plaza. The buyer, a 1031 Exchange Partnership made up of 1250 Fairfax LLC and 521 East 11th St. LLC, paid $8 million for the 85,846-sq.-ft. office property located in San Bernardino, Calif.

Beverly Hills Office Property Sells for $1,150 per SF

Fri, 17 May 2013 13:39:00 +0000

The Wallace Family Trust has disposed of 130 S. El Camino Dr. in Beverly Hills, Calif. The undisclosed buyer paid $10.4 million for the 9,046-sq.-ft. office building.

Construction Begins on Argyle Apartments

Fri, 17 May 2013 13:39:00 +0000

Construction has begun on Argyle Apartments, a 40-unit affordable housing project at 1600 N. Western Ave in Hollywood. The four-story structure is meant to house both seniors and young families. AMCAL Multi-Housing is developing the property, which will be LEED certified.

Dylan Investment Properties Purchases Medical Center

Thu, 16 May 2013 13:21:00 +0000

Dylan Investment Properties has purchased St. George Medical Center in Carmichael, Calif. for an undisclosed total. SA Challenger Inc. disposed of the 52,677-sq.-ft., four-building medical office building.

Ground Breaks on Expansion of The Village at Nellie Gail Ranch

Thu, 16 May 2013 13:21:00 +0000

Ground has been broken on the renovation and expansion project at The Village at Nellie Gail Ranch. The $17 million project will bring the retail center to a total of 100,000 sq. ft. and bring in the area’s first Fresh Market.

Hines Global REIT Buys The Campus at Playa Vista

Thu, 16 May 2013 13:21:00 +0000

The Campus at Playa Vista has been purchased by Hines Global REIT Inc. Terms of the deal were not disclosed.

Lowe Enterprises and I.D.E.A. Partners To Develop Mixed-Use Project

Wed, 15 May 2013 11:51:00 +0000

Lowe Enterprises and I.D.E.A. Partners have been tapped by the San Diego Community College District to develop a mixed-use project on 1.37 acres. The joint venture has signed a long-term lease on the block, which lies between E, F, Park and 13th Streets in downtown San Diego.

San Jose Marriott Sells to CBRE Global Investors Fund

Wed, 15 May 2013 11:51:00 +0000

The San Jose Marriott Hotel has sold to CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors. The 506-key, class-A hotel located at 301 S. Market St. sold for less than replacement cost. Terms of the deal were not released.

Artemis to Partner with Primestor on CA Retail Acquisitions

Wed, 15 May 2013 11:51:00 +0000

Artemis Real Estate Partners has partnered with Los Angeles-based Primestor Development, on behalf of the $300 million real estate emerging manager program of the New York Common State Retirement Fund. Primestor has been brought on as a retail operating partner for the California region.