Regions
JV Acquires $27M Industrial Building in CA
Colony Northstar sold Monarch Industrial, a warehouse facility in Garden Grove, Calif. The property is fully leased to four tenants.
Palm Springs Retail Center Changes Ownership
A Los Angeles-based private investor sold Palm Canyon Shopping Center, a 40,000-square-foot retail asset in Palm Springs, Calif. Faris Lee Investments represented both the seller and the buyer.
Economy Watch: Construction Spending Edges Down in June
Private and public spending both decreased in June, with all property types seeing a decline aside from office construction, according to the U.S. Census Bureau’s latest report.
Home2 Suites by Hilton Azusa Opens
Fine Hospitality manages the 110-key property owned by Amazing Investment LLC, which compliments the booming tourism industry in Los Angeles County.
Rexford Snags LA-Area Industrial Property
The newly constructed building features four units and is fully leased to two tenants. The company purchased the property using its line of credit.
Newark Dreams to Join Ranks of Destination Cities
As the Garden State’s largest city is looking to get into the revitalization game, cranes are returning to the skyline, with $1 billion of projects underway and another $4 billion in the pipeline.
NYC’s 55 Hudson Yards Attracts 130 KSF Tenant
Law firm Cooley LLP has signed a lease at the 1.3 million-square-foot tower within the $20 billion mixed-use development in Manhattan.
Lillibridge to Take On New Role at Ventas
Todd Lillibridge will assume a senior advisory position with Ventas, which purchased his 25-year-old namesake company in 2010.
Bloomfield Capital Funds Retail Loan
A Nashville, Tenn., real estate development firm sponsored a $3.2 million senior bridge loan for the refinance and renovation of a 30,000-square-foot retail center in greater Nashville.
PAC Lands SC Shopping Center
The corporation acquired Irmo Station in Columbia, S.C., through a subsidiary, using a $10.7 million mortgage loan. A Kroger grocery store anchors the 99,000-square-foot retail asset.