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CFE Taps Private Equity Markets to Fund Mexico’s Grid Expansion

Mexico's state utility plans a $1 billion equity offering in CFE Capital to fund transmission expansion and attract private investors to the power grid. The post CFE Taps Private Equity Markets to Fund Mexico’s Grid Expansion appeared first on ...

JLL Poaches Six-Person CBRE Team to Expand Chicago Life-Sciences Practice

JLL hired a six-broker CBRE team with $50 billion in transactions to expand Chicago's office and life-sciences advisory capabilities. The post JLL Poaches Six-Person CBRE Team to Expand Chicago Life-Sciences Practice appeared first on Propmodo.

CoStar Pushes Into Aerial Imaging With $730M Vexcel Buy

CoStar Group will pay $730 million for aerial imaging firm Vexcel, combining sky and ground photography to expand its AI-driven property database. The post CoStar Pushes Into Aerial Imaging With $730M Vexcel Buy appeared first on Propmodo.

UPS Targets Data Center Logistics as New Revenue Driver

UPS sees a $15 billion logistics opportunity in data center growth as it targets high-margin shipments to replace lost Amazon volume. The post UPS Targets Data Center Logistics as New Revenue Driver appeared first on Propmodo.

Long Island City Rental Tower Hits 90% Leased Before Opening

The Orchard in Long Island City reached 90% leased 10 months into marketing and a year before its 2027 opening. The post Long Island City Rental Tower Hits 90% Leased Before Opening appeared first on Propmodo.

Elysian Housing buys Pasadena offices as resi conversion plans advance through city approvals

More apartments are poised to enter Pasadena’s housing stock after the sale of an office building in the city. Elysian Housing purchased the ZK Plaza property at 600 North Rosemead Boulevard from Chinese ownership group Star Horizon for $13.4...

Irvine Company secures $157M Fannie Mae refi for Playa Vista apartments

Irvine Company landed a $157.2 million refinancing loan for a luxury apartment complex in Los Angeles’ Playa Vista. Capital One originated the Fannie Mae loan for Villas at Playa Vista-Montecito, a 309-unit community at 12855 Runway Road in Playa V...

Block party: Minecraft creator lists Beverly Hills mansion for $70M

The creator of the hit video game Minecraft is seeking a buyer for his Beverly Hills estate. Swedish billionaire Markus Persson listed his home at 1181 North Hillcrest Road for $70 million, the Los Angeles Times reported. Persson bought t...

Carmel Partners lands $152M construction loan for Long Beach resi, retail project

Carmel Partners landed more than $150 million in construction financing for a large multifamily development in Long Beach. Truist provided Carmel with $152 million in construction financing for Marina Shores, a 390-unit project at 6615 East Pac...

Controversial Silver Lake bar poised to give way to housing

The Tenants of the Trees cocktail bar is poised to be a new mixed-use development. H for Hyperion, the owner of the popular Silver Lake spot at 2810 Hyperion Avenue, filed an application with the Los Angeles Department of City Planning to demol...

Hermosa lands top luxe contract as South Bay resi continues to move

Hermosa Beach led the way in Los Angeles County luxury contract activity as momentum continues for the South Bay’s high-end market. The nearly 8,000-square-foot home at 2965 La Carlita Place is listed for $11.3 million, or $1,440 per square foot. I...