News
Chicago couple settles lawsuit over late canceled sale of Gold Coast mansion
3+ hour, 38+ min ago (873+ words) Texts indicate Jack McGinley, who has faced litigation for other abandoned real estate contracts, knew he would lose case over $7.4M deal Jack McGinley knew he was going to lose the lawsuit over his Gold Coast Chicago mansion. In texts surfaced…...
This week: Pelosi successor hopefuls square off on housing policy
1+ day, 11+ hour ago (365+ words) Mayor Lurie's zoning plan draws lawsuit, abandoned SF megaproject gets a spark Housing isn't the only marquee issue for San Franciscans, but it does lead a litany of challenges that includes an office vacancy rate above 30 percent despite gains from…...
SF’s Empire Theater headed for demolition, redevelopment as 64 apartments
2+ day, 20+ hour ago (157+ words) The long-shuttered Empire Theater in West Portal is facing the wrecking ball and a rebirth as a nine-story residential building." The arts venue at 85 West Portal Avenue is slated for demolition, and local builder DM Development is plotting to build…...
California’s calling: Are more billionaires on their way to South Florida?
3+ day, 1+ hour ago (545+ words) Google co-founder Sergey Brin made roughly $50M offer for Miami Beach house A proposed 5 percent tax on billionaires in California is propelling another wave of wealth to South Florida." Look no further than Google co-founder Larry Page, one of the three…...
PGIM, Interstate Equities buy Mountain View apartments for $87M
3+ day, 22+ hour ago (133+ words) Sale price reflects assessed value increase, long-term loss Interstate Equities Corporation and PGIM have joined forces to buy an apartment building in Mountain View." The four-story property comprises one- and two-bedroom units ranging from 658 to 1,079 square feet, and boasts a…...
Kingston council overrides mayor’s rent stabilization veto
3+ day, 23+ hour ago (379+ words) Common Council keeps tenant protections on the books The Kingston Common Council overrode the mayoral veto of a rent control resolution, in a largely expected move. A two-thirds majority would've been sufficient to override the veto; the vote was unanimous,…...
San Francisco Centre owner asks court to evict remaining tenants
4+ day, 2+ min ago (483+ words) San Francisco Centre's death rattle now includes efforts to evict its remaining tenants." DBJPM 2016-SFC Emporium, the mortgage trust that owns the almost entirely vacant mall, has filed unlawful detainer complaints against three businesses occupying the Market Street shopping center,…...
PGIM plunks down $78M for East Bay warehouse
4+ day, 20+ hour ago (194+ words) 215K sf Newark property marks latest industrial trade in active local market The East Bay industrial market continues to see increased transaction activity, as evidenced by a nearly $80 million trade last week." An affiliate of PGIM Real Estate bought a 214,537-square-foot…...
EQT Exeter doles out $52M for Torrance warehouse
6+ day, 2+ hour ago (243+ words) 76K sf site reportedly linked to PepsiCo A warehouse in Torrance has sold in a more than $50 million all-cash deal." EQT Exeter Real Estate Income Trust acquired a 76,007-square-foot warehouse for $51.5 million in a sale-leaseback transaction, Bisnow reported. The address for…...
DJM Capital sells Torrance retail center for $109M
6+ day, 18+ hour ago (246+ words) NAI Capital picks up 166K sf property in latest SoCal shopping complex transaction NAI Capital Commercial purchased a shopping center in Torrance in the largest retail sale of last year in the South Bay market." DJM Capital Group sold Village del…...