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May 23, 2019
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Archive
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• Holland Partner Group Wraps Up Work on Two High-Rise Res Towers in Downtown L.A.
4/01/19
Holland Partner Group (HPG) has completed work on two high-rise, mixed-use developments in downtown Los Angeles. The two projects - The Grace and The Griffin on Spring -- are located at the intersection of the Historic Core a...
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• OC Water Park Property Lands $170 Mil in New Financing
3/29/19
Colorado-based McWhinney has secured $170 mil in financing for the Great Wolf Lodge, a nine-story water park resort in the OC city of Garden Grove. The financing was arranged by Berkadia. The 105k sf Great Wolf Lodge is situ...
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• Investor Spends $13.5 Mil on 600 Acres of Land in Colorado
3/29/19
A 602-acre site in Platteville, CO was purchased for $13.5 mil by an undisclosed buyer in what we’re told is the largest land transaction in Weld County within the last three years. The site is located one mile west of Hwy 85...
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• Draftsmen & Craftsmen
3/28/19
Construction of San Diego Mesa College’s Fine Arts Building has been completed. The $15.9 mil project consists of a four-story, 26.5k sf facility that unites the program’s departments into a single modernized building. The ...
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• West L.A. Dev Site Sells for $390/sf
3/28/19
A 14.7k sf development site in the Palms area of West Los Angeles sold for $5.75 mil, or $390/sf for the land. The property, Motor + Venice, is located at 3657-3659 Motor Ave, north of Venice Blvd and west of the downtown Cul...
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• WeWork Takes Five Floors in 110-Year-Old San Francisco Building
3/27/19
WeWork has agreed to a 10-year, $10 mil lease for five full floors totaling 12k sf ($6.94/sf/mo) of space at the historic Whitell Building in San Francisco. The 50k sf office tower is located at 166 Geary St, overlooking Unio...
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• AZ Popeye’s Goes for $636/sf
3/27/19
A 2.2k sf Popeye’s Louisiana Kitchen in Phoenix sold for $1.4 mil ($636/sf). The property, located at 6540 W. Thomas Rd, was purchased by Williams Real Estate Holdings LLC of Bend, OR. Built in 2007, Popeye’s is located on ...
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• Lennar Corporation Acquires 41 Acres in San Diego for Res Development
3/22/19
Lennar Corporation has acquired a 41.5-acre property in San Diego, California for the proposed development of a new 601-home residential community known as Pacific Village. The property is situated in Rancho Penasquitos, a su...
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• Savills Studley Inc has Rebranded as Savills Inc
3/21/19
Savills Studley Inc has rebranded as Savills Inc, effective immediately. This change aligns the U.S. arm of the business with the global platform of Savills plc (SVS.L). The firm has also changed its email and web addresses t...
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• Founders Properties LLC Spends $10 Mil on AZ Office Building
3/21/19
Minnesota-based Founders Properties LLC paid $10.06 mil for a two-story, 63.8k sf ($158/sf) Class A office building located within Inverness Commons Business Park, in the hub of Mesa, AZ’s booming Higley Road medical corridor...
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• Utah Retail Center Sells in $48 Mil Deal
3/21/19
The Family Center at Riverdale, a 427.8k sf shopping center in Riverdale, UT, sold for $48.2 mil, or $113/sf. The City of Riverdale is part of the Ogden-Clearfield market and is six miles from Ogden and 35 miles from downtow...
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• JLL Acquires Corporate Concierge Services
3/20/19
JLL has acquired Corporate Concierge Services (CCS), a national provider of onsite tenant amenity and concierge solutions for retail, office, residential and hospitality properties. The acquisition, which is effective immedia...
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• Multi-Story Industrial Project in Seattle Slated for Development Later this Year
3/19/19
Track 6, an expansive, Class A, multi-story industrial project in Seattle, is slated to start development later this year. The project is a development of Avenue 55, a Seattle-based private real estate company. Track 6 is bu...
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• Nourison Industries Leases 121k sf in North Las Vegas
3/18/19
New Jersey-based Nourison Industries, a leading floor covering and home accents manufacturer, has selected North Las Vegas as its regional distribution facility – signing a long-term lease for approximately 121k sf. Nourison ...
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• Safco Capital Corp Spends $25 Mil on Purchase of West Hollywood Gelson’s Market
3/18/19
Safco Capital Corporation closed on the acquisition of a 17.8k sf Gelson’s Market property in West Hollywood, in a sale-leaseback transaction worth $25.25 mil. The property was sold by Mayfair Realty Inc, an operating compan...
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• Commercial Real Estate Financing Briefs
3/18/19
GEORGE SMITH PARTNERS - Shahin Yazdi, Jonathan Lee, David Stepanchak, Matthew Kirisits, Olga Alworth and Samuel Sarshar with George Smith Partners arranged $9.65 mil in financing for the purchase of a 95-unit multifamily pro...
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• Exchange Investor Buys 84k sf Office Property in La Mirada
3/15/19
Milan Capital Management has purchased an 84k sf office property in La Mirada, in a 1031 exchange deal worth $13.64 mil ($162/sf). The property was sold by Saunders Property Company, a Newport Beach-based real estate company....
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• DeBartolo Refinances New San Antonio Res Project with $58 Mil Bridge Loan
3/13/19
DeBartolo Development has obtained $58.4 mil in bridge on Infinity at the Rim apartments, a new 310-unit multifamily project in San Antonio. The loan, arranged by Greystone, will enable DeBartolo to pay off the initial constr...
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• Draftsmen & Craftsmen
3/12/19
Work has just wrapped up on the Braille Institute Anaheim Center, a 14.7k sf building on the institute’s existing campus. The new state-of-the-art building replaces the institute’s former multi-structure facility and provides...
more » 

• LGE Design Build and Clarius Partners Break Ground on AZ Biz Park
3/11/19
Phoenix-based LGE Design Build, in partnership with Clarius Partners LLC, has broken ground on The HUB at Goodyear in Phoenix’s West Valley. Totaling 791k sf, the project is designed to satisfy the strong demand for warehouse...
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