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May 24, 2018
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• WA Multifamily Property Lands $11.3 Mil in Freddie Mac Money
CBRE Capital Markets’ Debt & Structured Finance team has secured $11.3 mil in financing for The Commons at Innovation Center, a 150-unit apartment complex in Richland, WA. The property is within the Tri-Cities Research Distri...
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• Ursa Major Technologies Inks Lease for HQ Space in Colorado
Ursa Major Technologies has signed a long-term lease for 15k sf to anchor Mass Equities Inc’s (MEQ) first building at, “Park 4040,” MEQ’s new, creative flex/office park in Frederick, CO. Located at 4040 Salazar Way, fronting ...
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• Two-Tenant Retail Building in Los Banos Sells for $690/sf
A Newport Beach-based private investor paid $3.8 mil for a 5.5k sf ($690/sf), two-tenant building fully occupied by quick-serve restaurants Blaze Pizza and Habit Burger. The NNN-leased asset sits on .68 acres at 1335 West Pac...
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• Commercial Real Estate Financing Briefs
GREYSTONE - Simon Herrmann, Todd Vitzthum, and Cody Field with Greystone has provided a $28.5 mil Fannie Mae DUS loan for the acquisition of Carmel Pointe in Sacramento, CA. Located at 7826 Center Pkwy, Carmel Pointe is a gar...
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• Champion Realty to Develop 100-Unit Res Project Near USC
A Champion Realty affiliate has acquired 2.76-acre property located at 801 W Adams Blvd in Los Angeles, near the University of Southern California (USC). Champion plans to develop a 100-unit townhome project at the site. Cha...
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• CIM Venture Starts Construction on 240k sf Data Center Campus in San Francisco
CIM Group, in partnership with fifteenfortyseven Critical Systems Realty (“1547”), has started work on a 240k sf, data center campus on 7.3 acres at 400 Paul Ave in San Francisco. The project will offer a flexible design to ...
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• 190-Room CO Hotel Trades for $11 Mil
Denver's Best Inn & Suites, a 190-room hospitality property located in Denver, sold for $11 mil, or about $58k/room. The property is located at 4590 Quebec St, about eight miles from downtown Denver. Denver's Best Inn & Sui...
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• Mostly Vacant AZ Office Property Sells for $69/sf
One Camelback, an 11-story, 203.1k sf office property in Phoenix, traded hands in a recent $14 mil ($69/sf) transaction. The property was almost vacant, with just 3.4% occupancy, at the time of sale. It was acquired by six te...
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• Goldrich & Kest Buys 43-Unit Multifamily Property in West Hollywood
Culver City-based Goldrich Kest has acquired Infinity West, a 43-unit garden-style apartment building in West Hollywood, for $23.65 mil ($550k/unit). Infinity West is located at 7051 Lanewood Ave, near the intersection of Sun...
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• Investor Spends $48 Mil for 209k sf of Office Space in Las Vegas
Four office buildings totaling 209k sf of space in Las Vegas sold for a price of $47.9 mil ($229/sf). The buildings are located at 1120-1180 N. Town Center Dr, between Canyon Run Drive and Covington Cross Dr. Charles Moore, ...
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• Samsung Relocating to Over 200k sf in Plano, TX
Samsung Electronics America Inc has signed a lease for 216k sf at Legacy Central in Plano, TX. The firm will relocate its Richardson headquarters to fully occupy Building 4, located at 6625 Declaration Ave, within the Legacy ...
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• 352k sf Spec Office Building Breaks Ground in Tempe, AZ
Lincoln Property Company (LPC), Goldman Sachs and the City of Tempe broke ground on the second Class A office building at The Grand at Papago Park Center. The building is located at at 1027 W. Roosevelt Way in Tempe. Totali...
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• Trammell Crow Company Completes Trio of Spec Industrial Projects in the Inland Empire
Trammell Crow Company (TCC) recently completed three speculative industrial buildings totaling 2.4 msf in the Inland Empire. The projects include a 1 msf building in the City of Riverside’s Hunter Park area, a 750k sf buildi...
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• Hertz Acquisitions Group LLC Closes $38 Mil Vegas Investment Buy
In a recent Las Vegas investment buy, Hertz Acquisitions Group LLC purchased nine buildings totaling 321k sf at Cheyenne Corporate Center for $38 mil, or $118/sf. The campus includes office, medical office, and retail space....
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• MIG Real Estate Picks Up 209-Unit Multifamily Property in Arizona
MIG Real Estate has acquired Trails at Harris Apartments, a 209-unit multifamily property in Mesa, AZ. The property is situated adjacent to the Gilbert Heritage District, one of the most desirable retail and restaurant develo...
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• Shelter Resources Inc Acquires 164-Unit Multifamily Asset in Washington
Shelter Resources Inc has acquired College Glen Apartments, a 164-unit apartment complex located at 4870 55th Lane SE in Lacey, WA, for $19.3 mil ($117.7k/unit). The seller was College Glen Apartments, LP. Built in 1996, Co...
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• Two Office Buildings in Vegas Trade in $20.5 Mil Deal
Two office buildings totaling 87.7k sf of space in Las Vegas sold in a recent $20.575 mil transaction. The buildings are located at 1635 and 1645 Village Center Circle, within The Plazas of Summerlin complex. The properties...
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• Tellworks Communications Leases 723k sf of Industrial Space in Texas
Tellworks Communications has signed a new lease for 722.7k sf of industrial space at Park 20/360 in Arlington, TX. The firm will fully occupy Building 1, located at 4101 Research Blvd, within the industrial park. “Tellwork...
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• Sorrento Mesa R&D/Flex Buy Financed with $22 Mil Loan
A Newport Beach-based private investor acquired a 103.8k sf R&D/Flex corporate campus property in San Diego’s Sorrento Mesa submarket. The property was purchased with $21.9 mil in permanent financing provided by MetroGroup Re...
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• Ridge Acquires 29 Acres for Houston Industrial Development
Ridge has acquired 29 acres at the corner of Beltway 8 and Highway 90 in southwest Houston. The company plans to break ground in May 2018 on a 477.4k sf spec industrial project, with expected delivery in early 2019. Transwest...
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