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In October 2017, the company acquired Uber's building in Oakland, California for $175 million. [19] In February 2018, the company acquired Cole Capital, which had $7.6 billion in real estate assets, from VEREIT. [20] In 2018, the company completed renovations to 425 South Financial Place. [21]
The Real Estate Commissioner is appointed by the Governor, and serves as the chief executive of the Department of Real Estate. [4] Chika Sunquist was appointed Commissioner of the California Department of Real Estate (DRE) by Governor Gavin Newsom on November 28, 2023, and she assumed office on January 3, 2024. [5]
The California Department of Resources Recycling and Recovery (also known as CalRecycle) is a branch of the California Environmental Protection Agency that oversees the state's waste management, recycling, and waste reduction programs. CalRecycle was established in 2010 to replace the California Integrated Waste Management Board.
Multiple carriers and real-estate investors were winning bidders in a sale with a combined total of $1.9B across 128 owned properties and two leased properties. [50] [51] In December 2023, 17 terminals of Yellow Corporation were sold to former subsidiary Saia in the Chapter 11 bankruptcy sale for $235.7 million. [52]
Opendoor Technologies Inc. is an online company that buys and sells residential real estate. Headquartered in San Francisco, it makes instant cash offers on homes through an online process, makes repairs on the properties it purchases and relists them for sale. [2]
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With approximately $10.2 billion in assets under management, it manages several investment vehicles including its publicly traded REIT, Ares Commercial Real Estate Corporation, U.S. and European real estate private equity commingled funds and real estate equity and debt separately managed accounts as of May 10, 2016. [16]
The sale/leaseback that helped sink Red Lobster involved the July 2014 sale of premium real estate underneath 500 of its stores, which generated $1.5 billion.