Los Angeles

San Francisco-based SteelWave acquired the vacant property, which was developed by CEG Construction.

The non-performing loan portfolio features 18 properties located in Southern California in four different asset classes.

A report from Marcus & Millichap forecasts increased office vacancy and lower rents this year.

With the purchase of the Staybridge Suites Cathedral City Palm Springs, the hotel operator expands into California.

The recent acquisitions expand the firm's last-mile portfolio by 864,000 square feet across coastal logistics markets.

Bain Capital Real Estate and BARDAS Investment Group have submitted plans to the City of Los Angeles for the development.

The county's $2,164 average rent as of February was well above the $1,399 national norm.

Selling an entire community to an SFR operator is an opportunity for builders to sell an entire community in a single transaction.