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Month: December 2021

Staley Point plans industrial complex in SF Valley

Kevin Staley (Founder and Managing Member, Staley Point Capital) & render of 22815-22825 West Roscoe Boulevard (Staley Point Capital) Investment firm Staley Point Capital wants to build a three-building industrial complex in the ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Filipinotown strip mall eyed for residential

Renderings of 1925 W. Temple Street (West Temple Plaza) A Beverly Hills-based developer wants to demolish a strip mall in Historic Filipinotown to build a 93-unit apartment complex. An entity affiliated with Axiom Real Estate ...

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  • 21 Dec
  • The Real Deal
  • Uncategorized
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Blackstone buying multifamily REIT Bluerock for $3.6B

Blackstone chairman Stephen Schwarzman and Bluerock CEO Ramin Kamfar (Getty, Bluerock) Blackstone is acquiring Bluerock Residential, a real estate investment trust focused on multifamily properties, for $3.6 billion as part of the ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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CIM Real Estate Finance Trust selling retail portfolio for $1.3B

Michael Weil and Richard Ressler (AR-Global, CIM Group) CIM Real Estate Finance Trust announced Monday it entered an agreement to sell all of its shopping centers to American Finance Trust Inc. for $1.3 billion. The deal includes 81 ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Report: U.S. rents surged 7% from October to November

Nationwide average rents in November surged 7% over October and 21% over November of last year, according to new data from Redfin (iStock) As inflation accelerated in November, so did rents across the country. Nationwide average ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Samsung plant may bring the infobahn – literally – to Texas

(iStock/Illustration by Kevin Rebong for The Real Deal) The infobahn is coming to central Texas – or at least to one 17-mile stretch of highway. The section of US Highway 79 near the small town of Taylor, where Samsung plans to build a ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Here are the biggest industrial sales across LA in 2021

The rise in investment sales was primarily driven by extremely low vacancies and a lack of available inventory (LoopNet, CenterPoint Properties/Illustration by Steven Dilakian for The Real Deal) 2021 was the year of industrial real ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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CubeSmart closes $1.7B deal for western expansion

Christopher P. Marr, chief executive officer, CubeSmart (CubeSmart, Facebook/StorageWestHouston) Self-storage firm CubeSmart has closed on a $1.7 billion acquisition of West Coast-centric Storage West. Storage West operated 59 ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Spotify unveils 155k sf podcasting hub in Arts District

Dawn Ostroff (Twitter via Dawn Ostroff, Life at Spotify) Spotify has unveiled a sprawling office and podcasting complex in Downtown Los Angeles’ Arts District. The center at 555 Mateo Street includes 18 podcast studios, a theater, an ...

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  • 20 Dec
  • The Real Deal
  • Uncategorized
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Richard Rogers, heralded architect, dies at 88

Architect Richard Rogers (Rogers Stirk Harbour + Partners) Pritzker Prize-winning architect Richard Rogers, known for his work that transformed the cityscapes of Paris and London, died Sunday at 88. The New York Times is reporting his ...

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  • 19 Dec
  • The Real Deal
  • Uncategorized
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