| JLL to Acquire OC-Based Martin Potts & Associates Inc
Real estate services firm JLL has entered into an agreement to acquire Martin Potts & Associates Inc (MPA), a project and construction management services firm for retail, hospitality, healthcare and office properties. The tr...
| HFF Arranges $5.75 Mil Refi Loan on Idaho Hilton Garden Inn
HFF recently arranged $5.75 mil in senior lien financing for the Hilton Garden Inn Boise/Eagle, a 98-room, lodge-style Hilton-branded hotel on the banks of the Boise River in Eagle, Idaho. The borrower is a partnership of Joh...
| SunCoast Properties Group to Build New Country Inn & Suites at the Disney Resort
HFF has secured $22.85 mil in construction financing to build Country Inn & Suites at the Disney Resort, a 174-room, select-service hotel located near Disneyland® parks in Anaheim. The borrower is a development group led by S...
| Partially Completed Project on the Las Vegas Strip Offered for Sale
Fontainebleau Las Vegas, a partially completed hotel casino project on the Las Vegas Strip, has been listed for sale. The project represents an original investment in land and improvements of more than $2 bil.
| New $110 Mil Patient Tower Gets Started at Henry Mayo Newhall Hospital
Bernards has broken ground on a new $110 mil, six-story patient tower for the Henry Mayo Newhall Hospital in the Santa Clarita Valley—about 33 miles northwest of Los Angeles. Responsible for all aspects of this design-build p...
| Custom Goods Leases 442k sf of Inland Empire Industrial Space
Custom Goods has agreed to a lease for 442k sf of industrial space in Rancho Cucamonga. The transaction, which enables the firm to double its warehouse and distribution capacity for its clients in the region, is at 8369 Milli...
| Commercial Financing Briefs
FIDENT CAPITAL – Fident Capital arranged $14 mil in joint venture equity for the acquisition, entitlement, and development of a 129-unit multifamily project in downtown San Diego’s Little Italy. The project includes 8k sf of ...
| New Medical Office Building Planned for Heights Neighborhood in Houston
Transwestern has been retained by local developer 927 Stude LLC to provide leasing services for Heights Central, a proposed 15k sf, medical office building in Houston. Planned for the northwest corner of Studewood and Omar st...
| Walker & Dunlop Provides $40 Mil HUD Loan on 158-Bed Care Facility in Hawaii
Walker & Dunlop closed a $39.7 mil loan for Plaza at Pearl City, a licensed, 158-bed care facility in Honolulu, Hawaii. Plaza at Pearl City provides independent living, assisted living, memory care and short-term respite care...
| CBRE Group Inc and Real Capital Markets Introduce CBRE Deal Flow
CBRE Group Inc and Real Capital Markets (RCM) have launched CBRE Deal Flow—a new online marketplace for buying and selling commercial real estate that is powered by a customized version of RCM’s technology platform.
| San Francisco Industrial Property Sells for $10 Mil
A 17.2k sf industrial property in a desirable SOMA location in San Francisco sold for $10 mil ($581/sf). The buyer plans to add three floors of creative office space above the existing structure, along with a complete remodel...
| Spokane Office Building Sells for $12.4 Mil
The Red Lion Headquarters Building (RLH Building), a 100.4k sf, Class A office building in Spokane, WA, has sold for $12.4 mil ($124/sf).
Located at 201 W North River Dr, along the Spokane River’s north bank, the RLH Buildi...
| Las Vegas Office and Retail Asset Fetches Over $18 Mil
In a recent investment comp from Las Vegas, a 53.7k sf office and retail property changed hands at a price of $18.4 mil, or $343/sf. The property, known as Fort Apache Commons, was 100% leased at the close of escrow.
| 82-Unit OR Res Property Trades Hands for $15.5 Mil
Pacific Urban Residential has acquired The Mark at Lake Oswego, an 82-unit, garden-style multi-housing community in Lake Oswego, OR, a southern suburb of Portland. The asset was sold by FPA MultiFamily LLC in a $15.5 mil ($18...
| Fred Sands Passes Away
Fred C. Sands, the visionary founder of Fred Sands Realtors and Vintage Capital Group, died unexpectedly on Friday, October 23. He was 77.
Fred Sands and California real estate were synonymous for decades. Born in New York C...
| Premier Business Centers to Offer New Concierge Service to Its Clients
Premier Business Centers, the largest privately owned executive suite operator in the US, has teamed up with Portero Concierge Inc to launch Premier Concierge Service. Powered by Portero, Premier Concierge Service will provid...
| RiverRock Real Estate Group and Voit Real Estate Services Form Strategic Alliance
RiverRock Real Estate Group and Voit Real Estate Services have formed a strategic alliance. The arrangement calls for RiverRock to serve as Voit's preferred provider of property management services throughout Southern Califor...
| Meridian Closes $6 Mil East Bay Medical Office Buy
Meridian has acquired a 19.2k sf, medical office building in Oakland for $6 mil ($312/sf) in an off-market transaction. The building, located at 380 W. MacArthur Blvd, west of Broadway and north of I-580, was sold by BIC Oakl...
| Development of Luxury Res Tower in San Diego’s Bankers Hill Neighborhood to Move Forward
Zephyr Partners and LLJ Ventures have obtained $39.7 mil in new joint venture equity financing for development of The Park, a planned 13-story, 60-unit for-sale condominium project in San Diego’s affluent Bankers Hill neighbo...
| Cohen Financial Arranges Over $100 Mil in Three Multifamily Loans for a Single Borrower
Cohen Financial has arranged three financings totaling $106.29 mil for a San Francisco-based multifamily commercial real estate owner/investor.
One of the deals was a $39.5 mil refi loan on a portfolio of four properties. Th...