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May 17, 2012
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NEWS HEADLINES


1.5 msf Mixed-Use Development to Take Off at Former NASA Site in Downey
5/17/12
Manarino Realty LLC and Industrial Realty Group to build Tierra Luna Marketplace

CPK Subleases 34k sf from Fox in Playa Vista
5/16/12
Restaurant chain will relocate their HQ into the West Building at The Bluffs at Playa Vista

Lewis Brisbois Bisgaard & Smith Inks $45 Mil Office Renewal in Downtown LA
5/15/12
Law firm to remain at 221 N. Fig for another 10 years

Regency Centers Collects $62 Mil from San Pedro Retail Sale
5/15/12
An affiliate of First Washington Realty purchases 200k sf Park Plaza

KBS REIT III Adds Another 200k sf to Its Growing Portfolio
5/15/12
OC company acquires Gateway Tech Center in Salt Lake City

Sacramento Multifamily Complex Sold to Kennedy Wilson Venture
5/15/12
409-unit asset goes for $64 mil

Sale of Konami Building Marks Third Vegas Industrial Disposition in Six Months for CIP
5/14/12
Konami acquires 115k sf build-to-suit facility within Hughes Airport Center

Walgreens Properties Commanding Big Dollars from Investors
5/14/12
Vegas store fetches record-setting $1,700/sf while Sunnyvale asset trades for over $700/sf

Phoenix, AZ Apartment Community Purchased for $21.6 Mil by Utah Investor
5/11/12
274-unit West Town Court sold by Denver owner

Sonnenblick-Eichner Arranges $29 Mil on SoCal Hotel Portfolio
5/11/12
Four properties located in in Los Angeles, San Diego, Half Moon Bay and San Luis Obispo

Pacific Foods Leases 303k sf Wilsonville, OR Distribution Facility
5/10/12
Deal said to be largest Portland-area industrial lease for an existing building in 10 years

MG Properties Group Closes $18.5 Mil Seattle Multifamily Purchase
5/10/12
San Diego firm acquires 137-unit The Cornelius Apartments

Kenneth Leventhal Passes Away at 91
5/09/12
Highly respected real estate CPA and entrepreneur started namesake accounting firm back in 1949

Historic Fairmont San Francisco Hotel Purchased by Oaktree Capital Management and Woodridge Capital Partners
5/09/12
Kingdom Holding to maintain stake in iconic property

Investor Nabs OC Biz Park for $13.5 Mil
5/09/12
140k sf Tustin office property consists of three buildings currently only 25% leased

Passco Refis Vegas Retail Center with $25.8 Mil
5/09/12
Silver City Plaza located on northern end of The Las Vegas Strip

ADC Realty Group Obtains Financing for New West LA Res Project
5/08/12
George Smith Partners arranges $11 mil in joint venture and construction equity for development

Former Unigard Campus in Bellevue Put on the Market
5/08/12
Nine-building property contains 326k sf of space

Oakland Warehouse Owner Makes Deans’ List after Completing $19 Mil East Bay Lease
5/08/12
Bay Area refrigerated warehouse company signs long-term deal for 125k sf facility

Major Changes Brewing for The Hamm’s Building in San Francisco
5/07/12
TMG Partners and Alcion Ventures acquire 183k sf office property with plans to spend $15 mil on upgrades

Work Gets Started on $50 Mil West LA Res Development
5/04/12
NMS @ La Cienega to offer 125 rental units in a five-story project with retail

SoCal Investor Spends $25.8 Mil on Scottsdale Multifamily Community
5/04/12
The Cortesian contains 332 units

Woodbine Development and Provenance Hotels Acquire Portland’s Governor Hotel
5/03/12
Historic property to be operated by Provenance

Academy Awards Show to Remain at Hollywood & Highland
5/03/12
CIM Group signs 20-year agreements with The Academy and with Dolby Laboratories for theater naming rights


CT Realty Investors/American Realty Advisors Venture Closes $18.5 Mil LA-Area Ind Buy
5/02/12
Investment consists of buildings totaling 235k sf in Rancho Dominguez and City of Industry

Gerrity Group Spends $19.5 Mil on Oceanside Retail Center
5/01/12
Old Grove Marketplace contains 81k sf of space

Xebec Begins Work on Largest Ind Project in LA’s South Bay Since 2006
5/01/12
Two-building development slated to be one of only a handful of LEED Platinum industrial properties in the US

Passco T-I-C Group Sells $38.5 Mil AZ Multifamily Asset
5/01/12
Alanza place is a 360-unit Phoenix apartment community

Holland Partner Group Finances OR Apartment Buy with $26.6 Mil
4/30/12
Acquisition money on 440-unit Beaverton asset consists of an assumption and a new loan

Uptick in Sale Activity May Signal Turnaround in CA Land Market
4/30/12
California Land Advisors closed seven deals in last week of March

Major New Res Project Underway Just Outside of Downtown LA’s CBD
4/27/12
Holland Partners Group is building 210-unit development at 1111 Wilshire Blvd

Urban Partners and Plaza Development Partners Sell Development Lots Within Riverpark Community in Oxnard
4/26/12
Land is fully entitled for 224-unit Mosaic Apartments project

El Segundo Office Property Sells in $25 Mil Transaction
4/25/12
104k sf building at 2100 Park Place fetches $238/sf

Corona Value-Add Office Buildings Fetch $24 Mil
4/25/12
Latham Management and Consulting buys 283k sf Corona Summit Corporate Center


Two Vegas Industrial Sales Total to Over $14 Mil
4/25/12
Prologis the buyer of 170k sf asset acquired in an off-market deal

Fresno Office Building Sells for $56 Mil
4/24/12
1325 Broadway Plaza is fully occupied by the GSA

Newmark Realty Capital Arranges $91 Mil on Seattle-Area Retail Portfolio
4/24/12
500k sf of properties include many national tenants

CommonWealth Partners Closes $480 Mil Seattle Office Buy
4/23/12
Purchase of Russell Investments Center is said to be largest single-asset office deal in Western US for 6 years

Doerken Properties Obtains $23 Mil in Financing on Two Salt Lake City Properties
4/23/12
Financings were on a Class B office building and a retail property

Matteson Spends $67 Mil on Marin County Mixed-Use Asset
4/20/12
NoCal firm buys 420k sf Millworks in Novato

LA-Area Commercial Real Estate Financing Briefs
4/20/12
Four recent transactions arranged by George Smith Partners and Quantum Capital Partners

Two Inland Empire Retail Centers Trade in Recent Deals Valued Over $9 Mil
4/20/12
Properties are located in Norco and Lake Elsinore

Portland Office Asset Fetches $65 Mil
4/19/12
Portland office market sales update, courtesy of Kidder Mathews

First Building Opens at New Broomfield, CO Live/Work TOD Community
4/19/12
Arista Uptown Apartments developed by Smith/Jones Partners LLC and designed by KTGY Group

Macy’s Renovation Completed at Baldwin Hills Crenshaw Retail Center in LA
4/18/12
Work is part of $35 mil re-do of LA’s “original” shopping mall

Vernon Industrial Facility Sells for Almost $11 Mil
4/18/12
200k sf building purchased by The Magellan Group

Kennedy Wilson Collects $154 Mil from Two Apartment Sales
4/17/12
Assets are in San Jose, CA and Beaverton, OR

Rising Realty Partners Acquires Landmark Downtown LA Asset for About $60 Mil
4/17/12
Firm engages Industry Partners to reposition PacMutual for creative office users


Agoura Hills Retail Center Fetches $21.8 Mil
4/16/12
Loja Real Estate buys Trader Joe’s-anchored The Shops at Oak Creek

New Retail to Take-Off at Playa Vista Runway
4/13/12
Lincoln Property venture getting ready to begin work on 14 acres acquired in the 111-acre final phase of LA Westside community


Karlin Real Estate Wraps Up Five Transactions
4/13/12
LA firm completes two property buys and three financing deals

TRI Pointe Homes to Build First Res Community at Bay Meadows TOD in San Mateo
4/12/12
Construction to start this summer on 63-home Amelia development

Evernote Corp Leases 88k sf Redwood City Office Building
4/11/12
Company is relocating from smaller space in Mountain View

Commercial Real Estate Financing Briefs
4/11/12
Recent deals from NorthMarq Capital, Lucent Capital and Newmark Realty Capital

Cole Capital Real Estate Investment Trusts acquire some of the most prestigious properties around the country.
WHAT'S NEW
OC Office Market Stabilizing
5/17/12
Latest data from Studley indicates tenants still have the upper hand

Transwestern Beefs Up East Bay Area Team with 17 New Additions
5/17/12
Edward Del Beccaro heads up new Walnut Creek office for real estate services firm

Silicon Valley Office Market Continues to Tighten
5/15/12
Continued demand by tech sector leads to 10th consecutive quarter of falling vacancy rates

Fragmented Recovery Starting to Materialize for Inland Empire Office Market
5/02/12
Marcus & Millichap reports that Class A, infill buildings expected to see more immediate growth

Recent Leasing Activity Shows Strengthening Office Market in East Bay City of Concord
5/01/12
First quarter numbers from NoCal town sees highest absorption and greatest vacancy decline since 2006

Sacramento Industrial and Retail Markets Seeing Positive Absorption and Rent Increases
4/26/12
Latest data from Voit shows drop in vacancy rates

Intensified Office Recovery Spurs Institutional Capital to Denver
4/24/12
Summary of latest research for the region from Marcus & Millichap

SoCal Multifamily Market Expected to Enjoy Strong Growth Over Next Two years
4/12/12
Annual USC Casden forecast predicts continued rent growth through 2013 for most of region

Inland Empire East Valley Industrial Market Looking at Positive Absorption
4/05/12
Lee & Associates provides first quarter 2012 update on the region


Portland Market Office Sales Update
4/02/12
Review of a recent major sale and a pending sale from Kidder Mathews’ latest Portland Office Market Report

Puget Sound Jobs Growth Expected to Boost Retail Leasing in Downtown Trade Areas
3/19/12
Marcus & Millichap reports that expansion in tech industry should lead to lower retail vacancy levels in region

Downtown Los Angeles Trophy Office Properties Continue to Outperform Region's Other Submarkets
3/14/12
Jones Lang LaSalle’s annual North American Skyline Review reports heightened demand combined with flat supply causing increased rents and reduced concessions

National Demand for Industrial Space Expected to Grow 1% in 1Q2012
3/13/12
Summary of industry forecast from NAIOP Research Foundation

2011 Sees Greatest Net Absorption of Creative Office Space on Westside in Five Years
3/06/12
Summary of latest market report from Industry Partners

Another Year of Uneven Recovery Seen for East Bay Retail Market
3/05/12
Latest update from Marcus & Millichap

Let the Commercial Real Estate Community Know the Latest News About Your Company!
4/04/11
RENTV Executive Subscribers can now have their own press releases posted at no additional charge

 
ETC. ETC...
CBRE Awarded Leasing Assignment for Seattle’s Smith Tower
5/11/12
Brokerage team has already signed five deals at 42-story high-rise

NAIOP SoCal Names Its 2012 Executive Committee
5/04/12
Steven Ames of USAA Real Estate Company is organization’s president for the current year




Draftsmen & Craftsmen
4/27/12
Construction started on $150 mil Martin Luther King, Jr. Multi-Service Ambulatory Care Center in Los Angeles

Draftsmen & Craftsmen
4/10/12
New LEED® Gold rec center at CSUN built by C.W. Driver and designed by LPA Inc

Salt Lake City Office Tower Racking Up the Awards
3/29/12
170 South Main receives LEED certification, Energy Star rating and BOMA TOBY award


Tishman International Assumes Sole Ownership of Sofia Airport Center
3/23/12
Company acquires GE Real Estate’s share of mixed-use development

Draftsmen & Craftsmen
3/22/12
McCarthy tops out construction of new $110 mil Math and Science Building at San Diego Mesa College

CBRE Named Top Global Brand in Commercial Real Estate
3/09/12
Recognition marks 11th year in a row that the firm has topped the industry survey by The Lipsey Company

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