Friday, December 21, 2012

Ares Co-Originates $50M First Mortgage Loan


Ares Co-Originates $50M First Mortgage Loan

SACRAMENTO-The proceeds were used to finance the acquisition of a multifamily property here by a Northern California-based private investment group.

400,000-SF Galleria Tower Goes to KBS

HOUSTON-The California investor snags 1800 West Loop South, which hit the market in September for $68 million.

Foreclosure Stock Falls, Apt. Vacancy to Rise Slightly

IRVINE, CA-The national foreclosure inventory drops 9% year-to-date, while the multifamily vacancy rate is expected to increase "modestly" in 2013, according to industry research.

Decline In Availability of US Industrial Space To Continue

LOS ANGELES-Modest economic growth and increased global trade through the US will help sustain demand improvements for warehouse and distribution space, CBRE Group Inc. tells

UCLA Forecast Shows Growth, Housing Leads Way

LOS ANGELES-For California, UCLA Anderson Forecast senior economist Jerry Nickelsburg, says Proposition 30 creates some risk, but the State's outlook still shows a growth rate that exceeds the nation's rate.

Spear Street Capital Plans to Expand Santa Clara Office Campus

SANTA CLARA, CA-John Grassi, president of San Francisco-based Spear Street Capital, has big plans for a three-building office campus in Santa Clara.

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