New American Funding Owners Buy Santa Ana Offices for M

New American Funding Owners Buy Santa Ana Offices for $31M

The owners of New American Funding bought a 208,300-square-foot office tower in Santa Ana for $31 million — or $23 million less than what it traded for five years ago. An unidentified... Read more »
Santa Monica City Council Approves New Tenant Protections

Santa Monica City Council Approves New Tenant Protections

The City Council of Santa Monica voted to approve a series of renter protections on Feb. 13, including rules against dramatic rent increases, unjust evictions and harassment as well as financial assistance... Read more »
Legado Gets 8M Loan for Apartments in Santa Ana

Legado Gets $128M Loan for Apartments in Santa Ana

Legado Companies has secured a $128 million loan to build a 270-unit apartment complex in Santa Ana. The Beverly Hills developer led by Edward Czuker received the loan to build the six-story... Read more »
California Names Santa Monica a “Prohousing” City

California Names Santa Monica a “Prohousing” City

Santa Monica, subject of more than a dozen builder’s remedy housing applications, has won recognition as a “prohousing” city by the state. Gov. Gavin Newsom announced the beach city earned the designation... Read more »
Santa Barbara Housing Market Trends and Forecast 2024

Santa Barbara Housing Market Trends and Forecast 2024

The Santa Barbara housing market, nestled in the picturesque landscape of California, is both a destination and a dynamic economic hub. The current data suggests a seller’s market, given the surge in... Read more »
Snap Inc. Renews Full 467K-SF Space in Santa Monica

Snap Inc. Renews Full 467K-SF Space in Santa Monica

BXP said Tuesday that it has signed a 10-year, approximately 467,000-square-foot, multi-building lease extension with Snap Inc. at Santa Monica Business Park. Published reports last month cited anonymous sources who said the tech... Read more »
Kaiser Buys Santa Clarita Office Building At 30% Discount to Last Sale

Kaiser Buys Santa Clarita Office Building At 30% Discount to Last Sale

Kaiser Foundation Health Plan has paid $67 million for a 223,900-square-foot medical office building in Santa Clarita from an entity tied to Global Net Lease, according to property records. The sale came... Read more »
First Citizens Pays M for Santa Monica Office Building

First Citizens Pays $87M for Santa Monica Office Building

Nearly a year after defaulting on more than $100 million in loans tied to an office complex in Santa Monica, Realty Bancorp Equities has managed to sell the property — to an... Read more »
Snap Inc. Renews Full 467K-SF Space in Santa Monica

Medical Device Maker Spends $157M on Santa Clara Properties

Medical device manufacturer Intuitive Surgical; has acquired three Santa Clara properties for a combined $157 million, reported the Mercury News. All three are adjacent to the Sunnyvale sites where the medical tech... Read more »
Santa Cruz is California’s least-affordable housing market. Are high-rises a solution?

Santa Cruz is California’s least-affordable housing market. Are high-rises a solution?

SANTA CRUZ —  You can sense it in the ubiquitous “Help Wanted” posters in artsy shops and restaurants, in the ranks of university students living out of their cars and in the outsize... Read more »