California

News

Cushman & Wakefield Enhances Expertise in Hospitality Capital Markets

Cushman & Wakefield has made three key appointments to its Hospitality Capital Markets brokerage team in Orange County, California. Aseem Tandon has joined as an Executive Director, supported by new Senior Associate Kamlesh Patel and Associate, Johnny Quan. The team’s primary role is representing sellers and buyers of hospitality properties and providing full-service solutions to…

News

Sale of Bank of America Branch Building in Palm Desert

Hanley Investment Group has brokered the sale of a single-tenant property occupied by Bank of America in Palm Desert, California. The sale price of US $2,875,000 for the absolute triple-net ground lease sets a record cap rate in 2023 for a site used solely by the bank.Hanley Executive Vice Presidents Bill Asher and Jeff Lefko…

News

Sale of Starbucks Drive-Thru in Fresno

Hanley Investment Group has brokered the sale of a newly built single-tenant Starbucks Drive-Thru in Fresno, California, for US $3.18 million.  The property is located less than five minutes from California State University which has more than 25,000 enrolled students.  Hanley Investment Group Executive Vice Presidents Bill Asher and Jeff Lefko represented the seller and developer, Laguna…

News

BDK Logistics Intelligence Leases Industrial Facility in Corona

Cushman & Wakefield has brokered a lease agreement for BDK Logistics Intelligence, Inc., for a 114,190-square-foot industrial facility at 1161 Olympic Drive in Corona, California. Situated in Southern California’s renowned Inland Empire, the building is owned by Monterey Rancho Mirage, LLC, who was represented by Director Brett Lockwood and Rick Ellison of Cushman & Wakefield…

Canada

16 Aramark Chefs Graduate from ProChef® Certification Program

Aramark has announced the recent graduation of 16 chefs from the Culinary Institute of America (CIA) ProChef® program. An essential part of the group’s culinary ambitions and CPD strategy, the program typically influences menu selection at diverse locations including colleges, universities, professional sports arenas, convention centers, and hospitals across the United States and Canada. Earning…

News

Sale of New Single-Tenant Chipotle Drive-Thru in Sacramento

Hanley Investment Group has advised on the sale of a new construction single-tenant Chipotle Mexican Grill property featuring a “Chipotlane” drive-thru for digital orders, which is an entirely new phase of drive-thru stores. The property is situated at The Quad District, a new mixed-use development anchored by Costco at the southeast quadrant of Interstate 5…

industry

CBRE Brokers Sale of Mixed-Use Multifamily and Retail Property in Costa Mesa

CBRE has arranged the sale of a mixed-use property comprising 12 residential apartment units and a street-front retail building in Costa Mesa, California. Acquired by a local private investor for US $3.2 million, the transaction represented a selling price of US $425 per square foot (or US $246,154 per unit) as the property exchanged hands…

News

Modesto Retail Pad Attracts Private Buyer

Real estate advisory Hanley Investment Group has orchestrated the sale of a 6,402-square-foot multi-tenant retail pad building in Modesto, California. The property is shadow-anchored by a Save Mart grocery store and was sold for US $4.11 million. Executive Vice Presidents Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, Covenant Real Estate…

News

CBRE Arranges Sale of Multifamily Fourplex in Orange County

CBRE has brokered the sale of a four-unit multifamily property in Orange County, California for US $1,590,000, representing 99 per cent of the list price and US $462 per square foot.CBRE’s Executive Vice President Dan Blackwell, Vice President Sean Farag, and Associate Amanda Fielder represented the Orange County-based 1031 exchange seller in the sale of…

News

Bringing Unprecedented Digital Experiences to a Congregation in California

PPDS, the global supplier of Philips-branded professional displays, has joined forces with TechArts, an AV/IT system integration company, to create and install a stunning 31ft x 11ft Philips 9000 dvLED wall at the Desert Reign Church (DRC) in Downey, California. The remarkable partnership aims to revolutionize the congregation’s experience both within the church and during…

News

Meridian Appoints VP Business Development  

Real estate developer and investor Meridian has named Julissa Tellez Buchwald as Vice President of Business Development. CEO, Mike Conn, says: “We are very excited to welcome Julissa Tellez Buchwald to the Meridian team,” “In her role, Julissa will be responsible for Meridian’s strategic growth nationwide. She will lead the sourcing and development of new…

News

Acquisition of Multifamily Development Opportunity in Rocklin

Cushman & Wakefield has brokered the sale of a 397 unit garden-style multifamily development site on 18 acres in Rocklin (Sacramento), California. The site was acquired by Advanced Building Solutions (ABS), a full-service development and construction company based in Petaluma, California for US $19 million, or approximately US $47,850 per unit. The seller was a…

News

CBRE Brokers Sale of Multifamily Community in Anaheim

CBRE has arranged the US $4.25 million sale of a 12-unit multifamily property in Anaheim, California to a private investor as part of a 1031 exchange. The sale realized US $354,166 per unit or US $324 per square foot 1031 exchanges are transactions that swap an investment property for another, allowing capital gains taxes to…

News

Meridian Appoints Managing Director, Strategy & Development

Meridian, a real estate developer and investor specializing in healthcare and life science developments, has appointed Michael Arvin as the company’s new Managing Director, Strategy & Development. Arvin brings over 25 years of healthcare executive experience to his role, providing strategic advisory services to the executive leadership team and supporting nationwide growth initiatives. Arvin’s extensive…

News

Acquisition of Premises Occupied by The 99 Store in San Clemente

Commercial real estate brokerage Wood Investments Companies has acquired a 25,500 square foot retail building in San Clemente, California. Let by The 99 Store, the property was purchased in an off-market transaction for US $6.95 million. Situated in southern Orange County, San Clemente offers a prime location between Los Angeles and San Diego. Known for…

News

Silicon Valley Multifamily Asset Sold for US $83.5 Million

Cushman & Wakefield has facilitated the sale and debt financing for Vespaio, a multifamily community in central San José, California. The 162-unit Class A property, situated at 130 Stockton Ave, offers a highly amenitized living experience in the heart of Silicon Valley. The seven-story complex, completed in 2020, spans approximately 164,511 square feet of residential…

News

Sale of Starbucks Drive-Thru and U.S. Postal Office in Imperial Valley California

Hanley Investment Group has brokered the sale of two single-tenant net-leased retail investments to different buyers as part of the break-up sale strategy for a new retail development in Southern California’s Imperial Valley. The buildings totaling 7,519 square feet were leased by Starbucks Drive-Thru and the United States Postal Office, and sold for a combined total…

design

Wood Investments Companies Acquires Former Tower Records Building in Brea and Signs UFC Gym as Tenant

Wood Investments Companies, Inc., has recently completed the acquisition of the former Tower Records building in downtown Brea, California. The property, situated in the heart of Brea’s bustling shopping and entertainment district, was purchased in March 2022. Wood Investments Companies has now announced the signing of a lease agreement with UFC GYM, a major brand…

News

Cushman & Wakefield Appoints Managing Principal in San Diego

Cushman & Wakefield has named Andy La Dow as Managing Principal of its operations in San Diego, California. La Dow brings over three decades of brokerage and leadership experience to the role and will oversee the strategic business growth of Cushman & Wakefield’s Advisory business in San Diego. He will report to Matt Chatham, Cushman…

News

1.8 MSF Industrial Project Announced for Otay Mesa

A new 1.8 million-square-foot (MSF) industrial, warehousing and distribution complex is to be developed at Otay Mesa in San Diego, California, by a joint-venture between Elevation Land Company and a real estate fund advised by Crow Holdings Capital. Strategically located in San Diego’s South County adjacent to the U.S.-Mexico international border, the Otay Business Park…

News

Moxion Power Leases 130,000 SF at Iconic San Francisco East Bay Project

Ford Point, a landmark 478,761-square-foot Advanced Manufacturing and R&D industrial waterfront property in Richmond, California has leased 130,000 square feet to Moxion Power, a Y Combinator backed, vertically integrated manufacturer of mobile energy storage systems. The lease represents a sizable expansion at the property for the Richmond-based company.   Abutting the San Francisco Bay, the landmark…

Cold Storage

New Southern California Cold Storage Facility Earns Safe Quality Foods (SQF) Certification

Woman owned Southern California based food-grade warehousing and 3PL service provider, West Coast Cold Storage, has achieved Safe Quality Foods (SQF) certification only six months after opening. The 124,000 sq. ft. cold storage facility earned the certification by completing the rigorous SQF auditing process within just six months of starting operations and received an outstanding…

design

AMP&RSAND Signs Achitectural Firm as Tenant for San Diego Campus Redevelopment

AMP&RSAND has signed a lease with Harley Ellis Devereaux Corp (HED) at its creative office redevelopment on the site of the former San Diego Union-Tribune Publishing Company campus in San Diego’s Mission Valley area in a deal brokered by Cushman & Wakefield. The national architecture design, engineering, and planning firm is leasing 10,549 square feet…

News

Charitable Foundation to Donate Proceeds from US $37M Sale of North Hollywood Industrial Park

Cushman & Wakefield has advised charitable foundation, The Ben B. and Joyce E. Eisenberg Foundation, on the disposal of a fully leased industrial park totaling 139,567 square feet in North Hollywood, California, with all proceeds from the sale to support the foundation’s charitable activities. Known as the Sherman Way Industrial Center, the multi-tenant property consists…

Appointments

Cushman & Wakefield Expands Healthcare Project Management Capabilities in California

Cushman & Wakefield has expanded its offering to the healthcare sector in the West Region of the United States with the addition of an eight-member project management team as well as the purchase of certain assets from Petra Integrated Construction Strategies, LLC, an end-to-end healthcare facility concept, planning, development, and project management services firm in…

News

M.C. Strauss Acquires Office Campus in San Diego’s Mission Valley

Cushman & Wakefield has brokered the sale of Center Point, Mission Valley, a 79,215 SF Class A multi-tenant office campus totaling in San Diego, California for US $17.96 million. The two-building campus is located at 3110-3160 Camino Del Rio South in the Mission Valley submarket and was 91.2 per cent leased at the time of…

News

JV Acquires Single-Tenant Retail Asset in West Hollywood Design District

Cushman & Wakefield has advised on the US$ 24 million sale of a single-tenant retail building in West Hollywood to a joint venture company operated by Acadia Realty Trust and Osiris Ventures. Located at 8833 Beverly Blvd, the 9,757 square foot, freestanding single-story property is fully leased to developer, producer and distributor of handmade high-end…

News

Merlin Selects Aramark as Transatlantic Food and Beverage Partner

Merlin Entertainments has named Aramark as its food and beverage partner at five locations in the United Kingdom and two in the United States. The locations for the multiyear contract include Alton Towers Resort, Chessington World of Adventures Resort, Thorpe Park Resort, Warwick Castle and LEGOLAND® Windsor Resort in Britain, and popular American visitor destinations,…

News

Alere Acquires Single-Tenant Riverdale Industrial Asset

Cushman & Wakefield has advised the sale of a brand new 709,081-sf Class A industrial warehouse facility situated on over 39 acres in Riverside, Los Angeles, California to the Alere Property Group. Completed in 2021 and located in the Inland Empire East submarket, the Freeway Business Center is positioned in one of the most desirable…

Healthcare

Cushman & Wakefield Advises on sale of US $11.25 Million San Diego Health Center

Cushman & Wakefield has represented MGNC during the sale of the single-tenant, triple Net (NNN) leased Sycamore Health Center in North San Diego, California to IRA Capital for US $11.25 Million.The two-story medical office building occupies 20,282 sf, and is located at 910 Sycamore Avenue . It is fully leased to UCSD Health. IRA Capital,…

Healthcare

Sale Heralds New Dawn for California Medical Facility

12.11.2021, 12:52 Sale Heralds New Dawn for California Medical Facility Cushman & Wakefield has advised on the sale of Tustin Rehabilitation Hospital, a 73,180 SF medical facility comprising two buildings in Tustin, California. Located at 14851 Yorba St and 165 N Myrtle Ave, the asset respectively consists of a single-story, 17,180 SF skilled nursing facility…

Appointments

Occupier Specialists Join Cushman & Wakefield San Diego

29.10.2021, 01:33 Occupier Specialists Join Cushman & Wakefield San Diego Tenant advisory and occupier services veterans Andrew Ewald and Sean Fitzmaurice have joined Cushman & Wakefield’s San Diego office from CBRE. Ewald, who joins as executive director and Fitzmaurice who joins as managing director, will focus on advising occupiers in the life sciences, medical device and…

Education

Cushman & Wakefield Poaches Senior Savills Tenant Reps

05.10.2021, 17:45 Cushman & Wakefield Poaches Senior Savills Tenant Reps Cushman & Wakefield has added veteran occupier services specialists Matt Hart as Vice Chairman and Alex Phillips as Executive Managing Director of its San Francisco office. Hart and Phillips were previously with Savills, where Hart was consistently recognized as a ‘Top Producer’ in the Bay…

News

Family Investment Vehicle Acquires LA Retail Anchor Store

28.09.2021, 12:52 Family Investment Vehicle Acquires LA Retail Anchor Store Cushman & Wakefield has brokered the sale of a newly built single-tenant grocery property in Los Angeles, California for US $35 million. Completed in 2020, the 29,456 SF property is located prominently on the southeast corner of Centinela Avenue and La Tijera Boulevard and benefits…

Education

Cushman & Wakefield Strengthens California Investment Sales

19.08.2021, 08:31 Cushman & Wakefield Strengthens California Investment Sales Veteran commercial land and investment sales professional John Kaufman has joined Cushman & Wakefield as a senior director of its Sacramento office. During the last two decades, Kaufman has brokered numerous transactions throughout California and Nevada. He has worked with many high-profile clients and dozens of…

Appointments

Seasoned Multifamily Executive Joins Cushman & Wakefield

05.08.2021, 22:19 Seasoned Multifamily Executive Joins Cushman & Wakefield Tina West has joined Cushman & Wakefield from CBRE as Senior Managing Director, Multifamily Asset Services for the western United States. West, who previously served as Managing Director and Multifamily Practice Leader for CBRE’s Property Management business in the Americas, brings more than three decades of…

Energy Management

Breaking Ground on an Innovative Commercial Center

29.07.2021, 01:47 Breaking Ground on an Innovative Commercial Center Construction is underway at San Manuel Landing, a Class A supply and logistics center in San Bernardino County, California administered by The San Manuel Band of Mission Indians. The project’s ground-breaking ceremony on the 50-acre site of the former Norton Air Force Base marked the beginning…

Foodservice & Catering

Sodexo Expands North American Corporate Food Offering

Sodexo is expanding the geographical reach of its latest acquisition, the Vancouver-based corporate catering aggregation platform Foodbee, to New York City, Los Angeles, Dallas and Montreal. Acquired by the French multinational foodservice and facility services provider on 12th July, Foodbee services businesses with flexible workforces and currently features 800+ local restaurants in 14 cities across…

Appointments

Delaware North Strengthens Operational Leadership

10.06.2021, 17:34 Delaware North Strengthens Operational Leadership Delaware North has announced changes to the leadership of Delaware North Sportservice, its travel division and Australian subsidiary following a realignment of its group operating structure.   All three appointees will continue to report to group chief operating officer and executive vice president, Jim Houser. James Obletz James…

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