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Park Hotels Exits 245-Room Sonoma Wine Country DoubleTree as Ground Lease Expires

REIT abandons property amid portfolio restructuring focused on high-performing resort markets Park Hotels & Resorts is leaving California’s wine country, exiting its 245-room...

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FeaturedFinanceINDUSTRY news

AI-Driven Job Losses Pressure California’s Labor Market, Now Second-Highest Unemployment in the Country

California’s labor market is grappling with shifting structural forces, as recent employment figures reveal uneven trends across sectors and regions. According to the...

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FinanceINDUSTRY newsResidential

Two Sacramento County Apartment Communities Combining 138 Units Trade Hands for $26.1MM

A pair of multifamily properties in Sacramento County have changed ownership in separate transactions totaling approximately $26.1 million, reinforcing investor interest in value-add...

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AECFinanceINDUSTRY newsNews ReleasesResidential

California Awards $185MM in Federal Funds to Build 1,284 New Permanent Affordable Homes for Lowest-Income Residents

The California Department of Housing and Community Development (HCD) today announced awarding federal funds to create 1,284 new affordable rental homes for extremely...

AECFeaturedINDUSTRY newsNews ReleasesResidential

Proposed Bill Would Expand Housing for Tens of Thousands of Homeless in California

Legislation Make More Unused Land Available for Relocatable Housing Units, Takes Advantage of 45,000 Unused Federal housing vouchers for homeless in California SACRAMENTO,...

CommercialFinanceINDUSTRY newsRetail

SIMA Corporation Places Carmel Retail Asset up for Sale with $25MM Asking Price

By Jon Peterson Santa Barbara-based SIMA Corporation has chosen to offer up for sale the 89,861 square foot Barn Yard Shopping Village in Carmel...

CommercialFinanceHospitalityINDUSTRY newsNews Releases

1,072 Rooms in Three Properties Across NorCal Part of Brookfield’s $3.8B Hotel Deal with Watermark Lodging

EDITOR’S NOTE: The West Coast properties acquired in the transaction include the following hotels:Seattle Marriott Bellevue – 384 roomsFairmont Sonoma Mission Inn &...

FinanceINDUSTRY newsNews ReleasesResidential

FPA Multifamily Sells 128-Unit Asset in Visalia for $30.65MM 

Costa Mesa, CA — The Mogharebi Group (TMG) representing the seller, FPA Multifamily, has arranged the $30.65 million sale of ReNew, a 128-unit...

CommercialFinanceINDUSTRY news

DoubleTree by Hilton in Campbell Sells for $59.1MM

By Meghan Hall After five years of ownership, San Francisco-based Ellis Partners has sold its DoubleTree by Hilton Hotel, located at The Pruneyard...

Autodesk, BNBuilders, BuildingConnected, PlanGrid, Seattle, San Rafael
News Releases

UnitedHealthcare Invests $19MM to Help Enhance Quality of Care and Patient Services at Federally Qualified Health Centers in California

Funding provides critical resources for new construction and renovation projects in Santa Barbara, Solano and Santa Clara counties Investments part of UnitedHealthcare’s California...

AutoCamp, Whitman Peterson, RobertDouglas, San Francisco, Santa Barbara, Napa, Sonoma, Airbnb, Vivre Hospitality, KHP Capital Partners
CommercialFinanceINDUSTRY newsNews Releases

AutoCamp Closes Strategic Capital Partnership Deal and Secures $115MM in Equity Commitments For National Expansion

Led by Whitman Peterson, the partnership will fuel the rapid expansion and innovation of offerings for the leading outdoor hotel brand San Francisco...

Autodesk, BNBuilders, BuildingConnected, PlanGrid, Seattle, San Rafael
News Releases

Granite Selected for Two California Construction Manager/General Contractor Projects Worth More Than $520MM

WATSONVILLE, Calif. (December 18, 2018) – Granite Construction Incorporated (NYSE: GVA) announced today that it has been selected by the California Department of...

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