| MidOcean Partners Acquires Meyers Research from Kennedy Wilson
MidOcean Partners, middle market private equity firm focused on the business services and consumer sectors, acquired Meyers Research LLC, a leading provider of data for the real estate industry. The Irvine-based firm was sold...
| Carlsbad Creative Office/R&D Campus Trades Hands
A joint venture between SteelWave LLC and funds managed by Angelo Gordon recently closed on the purchase of a 208.9k sf creative office/R&D campus in Carlsbad. The single-story, multi-tenant property, situated on over 13 acre...
| Vacant DTLA Office Building to Be Converted into a 180-Room Hotel
Oceans V has secured $50.9 mil in construction financing to reposition a vacant office building into the Cambria Hotel and Suites, a 180-room, full-service hotel in downtown Los Angeles. The loan was arranged by HFF’s Matthew...
| Bay Area Multifamily Portfolio Trades in $41 Mil Deal
A four-property, 201-unit multi-housing portfolio in the Sonoma County city of Rohnert Park was acquired by a private investor for $41.05 mil ($204k/unit). The properties were sold by a Colorado-based private investment entit...
| Pair of Medical Office Buildings in Westlake Village Trade for $30 Mil
Two medical office buildings totaling 50k sf in Westlake Village sold for $29.95 mil, or about $599/sf. The assets were purchased by Welltower in an off-market transaction.
The buildings, located at 1220 and 1250 La Venta D...
| Work Started on Newport Beach Senior Living Project
Atria Senior Living has begun construction on Newport Terrace Senior Living, a 120k sf assisted living complex in Newport Beach. R.D. Olson Construction is the general contractor for the project.
Atria Senior Living will be ...
| Tower 16 Capital Partners and Henley USA Team Up in $29.5 Mil Vegas Multifamily Buy
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Evergreen Apartments, a 314-unit, multifamily project two miles west of the Las Vegas Strip, for $29.5 mil ($94k/unit). Tower 16 wil...
| Phoenix Office Investment Buy Closes at $6.75 Mil
Beverly Center, a single-story, 43k sf Class A single-tenant office property in Phoenix, sold for $6.75 mil ($157/sf). The property, located at 8181 S. 48th St, was acquired by Beverly Holdings LLC, out of Woodland Hills.
| Pleasanton Multifamily Property Acquired for $24 Mil by Private Investor
Vista Del Sol, a 73-unit multifamily asset in downtown Pleasanton, was acquired by a local, private investor for $24.25 mil, or $332k/unit. The property sits on 3.37 acres at 2451-2529 Santa Rita Rd.
The community is locat...
| Legacy Partners and American International Group to Build 97-Unit Res Project in Hayward
A joint venture between Legacy Partners and American International Group Inc has acquired a 1.78-acre development site located at 28168 Mission Blvd in Hayward. The partnership will use the East Bay site for the development o...
| CO Investor Closes $23 Mil Res Buy in San Marcos
Woodspear Properties closed on an 84-unit residential buy in the San Diego County city of San Marcos. The CO-based firm paid $23.3 mil ($277.4k/unit) for The Avenue at San Marcos Apartments, a two-story, garden-style complex,...
| BLT Enterprises Buys 222k sf Corp HQ Facility in Vista
In North San Diego County, BLT Enterprises paid $31.5 mil for a 221.7k sf ($142/sf), corporate headquarters-quality industrial manufacturing and warehousing facility. The property is located at 3250 Business Park Dr, just nor...
| Brixton Capital Purchases 127k sf Vegas Retail Asset
In a recent Las Vegas retail acquisition, Brixton Capital purchased a grocery-anchored, 126.7k sf shopping center called Decatur 215. The property, located at the southeast corner of North Decatur Blvd and West Tropicana Pkwy...
| Holualoa Companies Picks Up 552-Bed Student Housing Asset in Tucson
Holualoa Companies of Tucson has acquired Gateway at Tucson, a 188-unit, 552-bed, Class A student housing community, for $12.9 mil. The asset, located at 2800 W. Broadway Blvd in Tucson, was sold by CW Capital Asset Managemen...
| San Pedro Res Property Gets a New Owner in $20 Mil Transaction
Bayridge Apartment Homes, a 60-unit, garden-style condo-mapped multifamily community in San Pedro, has sold for $20.5 mil ($342k/unit). The property was purchased by CA-based Manchester Square 2 LLC.
Located at 1099 W. Capit...
| AZ RV/Boat Storage Facility Sells in $7.5 Mil Transaction
RV Harbor, a 421-space canopy RV and boat storage facility in Surprise, AZ, sold for $7.5 mil. Built in 2003, the property is located at 13516 W. Foxfire Drive.
RV Harbor is currently 90.5% occupied. Unlike most other RV and...
| Vernon Warehouse/Manufacturing Facility Goes for $24.5 Mil
A vacant 116.5k sf, Class A warehouse/manufacturing building in Vernon sold for $24.52 mil, or $210/sf. Vernon, an industrial city of just 5.2 square miles, is located several miles to the southeast of downtown Los Angeles.
| Cohen Asset Management Buys 1.3 msf of Dallas Industrial Properties
Cohen Asset Management Inc purchased two Class A industrial properties totaling 1.33 msf in Dallas’ Pinnacle Industrial Park. The properties were 100% leased at the time of the sale.
Pinnacle Park I, at 3700 Pinnacle Point ...
| Investors are Getting Hesperical about Land in this High Desert City
Four parcels of prime commercial land totaling 15 +/- acres in Hesperia have sold for for $4.3 mil. The City of Hesperia is the gateway to the High Desert region, which is one of the fastest growing areas of Southern Califor...
| Penumbra Leases 157k sf of Office Space in the Sacramento Area
Penumbra, a global healthcare company, has signed a new lease for 157.5k sf of Class A office space at 630 Roseville Pkwy, within Roseville Innovation Park in Roseville. Terms of the lease were not disclosed.
Located on Foot...