The California Stories You’ll Be Talking About This Week
In the San Francisco Bay Area, UC Berkeley, NASA and SKS Partners are collaborating on a $2B R&D center for space exploration partnerships. Also, NBA star Andre Iguodala is retiring to focus on his venture capital fund, Mosaic, with investments in modular home builder Vessel, reflecting the region's innovation and entrepreneurship. Here is Bisnow’s California week in review.
EDITOR’S NOTE: Parts of this story were generated by AI and have been reviewed by our editorial team for accuracy.
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NBA Star Andre Iguodala Retiring To Focus On Fund Behind Modular Multifamily Developer
Golden State Warriors' Andre Iguodala is retiring from the NBA and shifting focus to startup investing. His venture capital fund, Mosaic, invests in modular multifamily home builder Vessel. Read more
With Public Money Flowing In California, Behavioral Health Real Estate Is Poised To Grow
California's investment in behavioral health real estate is set to rise, with government funding supporting mental health and substance abuse treatment facilities. Both public and private sectors are expected to innovate in this space, and real estate developers expect a wave of new facilities to meet the demand, especially for inpatient rehab facilities. Read more
UC Berkeley, SKS Partners To Bring $2B R&D Center To NASA's Silicon Valley Campus
UC Berkeley, NASA and SKS Partners are collaborating on a $2B, 1.4M SF R&D center at NASA's Mountain View research park. The Berkeley Space Center will foster public-private partnerships in space exploration. Read more
Buchanan Street Partners Buys Buena Park Industrial Campus For $71M
Buchanan Street acquired a five-building, 300K SF industrial property in Buena Park for $71M. The acquisition reflects a 73% markup from its 2016 sale, indicating strong market demand. Read more
Netflix Opening Permanent Retail And Dining Experience In U.S.
Netflix plans to launch "Netflix House" in 2025, offering retail, dining and live experiences based on its shows. These locations, starting in the U.S., will serve as promotional venues for Netflix content. Read more
