Monument Square Investment Group (“MSIG”) has recently promoted Spencer Myers and Nate Nearhood to Vice President, Investments. Spencer and Nate are fundamental leaders on MSIG’s investment team, and are responsible for managing the sourcing, origination, diligence, and execution of portfolio investments.

New York-based Turnbridge Equities, Newport Beach-based Waterford Property Company and Monument Square Investment Group, based in Beverly Hills, have unveiled plans for 900 new apartments and 30,000 square feet of shops and restaurants at the open-air mall, the Long Beach Business Journal reported. The trio of real estate investors acquired the beleaguered shopping center in March of last year through the sale of a $63 million loan.

A complete renovation is coming to a large portion of the Downtown Long Beach shopping center formerly known as City Place. The team behind the reimagined development, which was rebranded as Mosaic earlier this year, unveiled its plans for the project to the local community on Thursday evening. Waterford, along with Turnbridge Equities and Monument Square Investment Group, announced the joint acquisition of the shopping district in March 2021.

Trulo Homes, a roughly $25 million rental home community being built in Jenks, is the creation of Red River Development, a company started two years ago by Steven Watts; his brother, Ryan Watts; and Jay Dempsey. Trulo has the backing of Southern California-based equity firm Monument Square Investment Group.

A partnership between Monument Square Investment Group (“MSIG”) and Red River Development (“RRD”, jointly the “JV”), has acquired an entitled 25.21-acre multifamily development site in Bentonville, AR. The project will mark the partnership’s third investment under its broader programmatic platform.

Monument Square Investment Group (“MSIG”) has recently promoted Matt Doherty to Managing Director, Investments. Matt Doherty is an integral leader on MSIG’s investment team, and is responsible for managing the investment process by overseeing the sourcing, origination, diligence, and execution of portfolio investments.

A partnership between Monument Square Investment Group (“MSIG”) and Graceada Partners (“Graceada”, jointly the “JV”), has acquired a 36,000 NRSF light industrial warehouse in West Sacramento, CA (the “Project”). The Project marks the partnership’s third investment under a broader portfolio aggregation strategy.

A partnership between Monument Square Investment Group (“MSIG”) and Graceada Partners (“Graceada”, jointly the “JV”), has acquired a two-building small-bay light industrial portfolio in Ceres, CA totaling 130,916 NRSF (the “Project”). The Project marks the partnership’s second investment under a broader portfolio aggregation strategy with a follow-on acquisition projected to close in mid-July 2022.

A partnership between Monument Square Investment Group (“MSIG”) and Graceada Partners (“Graceada”, jointly the “JV”), has acquired a three-building small-bay light industrial portfolio in Sacramento, CA totaling 101,944 NRSF. The project will mark the partnership’s first investment under a broader portfolio aggregation strategy with additional acquisitions projected to close in July 2022.

During the pandemic, the South Bay has emerged as one of the most enticing markets for developers and investors. In 2021, 333 multifamily properties sold in the market, up from 198 the year before, according to data from CBRE Group Inc. Also in 2021, 26 office buildings traded hands, up from 21 the year before.

Kris will primarily be responsible for the diligence, market research, and financial analyses of prospective investments across the firm’s investment verticals. Kris will work closely with the firm’s senior investment professionals, investment committee, and asset management team throughout the investment cycle of the firm’s portfolio.

The shopping center formerly known as City Place—then The Streets and then City Place again—has yet another new name: Mosaic. A name change would be incomplete without new branding, which has been plastered on windows along Fourth Street between The Promenade and Long Beach Boulevard.