| Vestar Closes $28 Mil NoCal Retail Buy
Vestar has acquired Sierra Oaks Plaza, a 105.6k sf, neighborhood shopping center in Granite Bay, CA, for $28.1 mil ($266/sf). Sierra Oaks Plaza is located at the intersection of Douglas Blvd and Sierra College Blvd, roughly ...
| Morgan Hill Hotel Project Receives Unanimous Approval from City’s Planning Commission
Granada Hotel, a new four-story, contemporary-style boutique hotel project situated in the heart of downtown Morgan Hill, CA, was unanimously approved by the city’s planning commission last Tuesday, April 26. The project now...
| HomeAid Orange County Launches 9th Annual Essentials Donation Drive
This past Tuesday, HomeAid Orange County, in partnership with the Children and Families Commission of Orange County, kicked off the 9th Annual Essentials donation drive at their Community Partner Luncheon held at Casa Teresa ...
| Recent Signings at Watt Plaza in Century City Total $33 Mil
Following the relocation of two longtime tenants, Watt Plaza has closed $33 mil worth of lease deals totaling 75k sf in the firm’s twin 23-story office complex in the heart of Century City.
With the recent transactions, Wat...
| National Median Price for Owner-Occupied Homes has Flattened
HomeUnion, an online real estate investment management firm and data provider enabling value investing in residential properties, has released March 2016 data on the flattening U.S. housing market. According to HomeUnion’s re...
| Two LA Westside Investment Deals Total Over $14.5 Mil
We’ve got the scoop on a couple on interesting recent sales from LA’s Westside. The deals, which took place in Culver City and Beverly Hills, total over $14.5 mil and were both brokered, at least in part, by Coldwell Banker C...
| CBRE Arranges $22 Mil for Development of Assisted Living/Memory Care Facility in Goleta
Construction of Mariposa at Ellwood Shores, an 84-unit assisted living and memory care retirement community in Goleta, CA, can move forward, thanks to $21.9 mil in construction and permanent financing arranged by CBRE Capital...
| Corte Madera Office Building Acquired in $8 Mil Transaction
Professional Financial Investors has purchased 100 Tamal Plaza, a newly renovated, 21.3k sf multi-tenant office building in Corte Madera, for $8.2 mil, or about $385/sf. The two-story, professional/medical services building w...
| Symphony Commercial Closes $16 Mil Texas Office Buy
In a recent office investment buy out of Texas, Symphony Commercial paid $16 mil for a 202.6k sf ($79/sf), three-building office park located 4002-4006 Belt Line Rd in Addison, near Dallas.
The property was sold by Adler Rea...
| Towers Watson Leases New, 91k sf Facility in the Phoenix Area
Towers Watson, a global healthcare consulting firm, is expanding into the Phoenix market with the lease of a new, 91k sf facility in the prestigious Papago Park Center in Tempe. The property, located at 1144 West Washington S...
| Morgan Stanley Real Estate and Lift Partners Purchase Hayward Industrial Facility
In a recent East Bay industrial investment, a partnership of Morgan Stanley Real Estate and Lift Partners has purchased a 149k sf property in Hayward. The property, located at 30526 San Antonio St, south of Industrial Pkwy be...
| Graham Street Realty Picks Up Berkeley Office Property
Graham Street Realty has acquired The Promenade, a three-story 43k sf multi-tenant office building in Berkeley, for $13.4 mil ($312/sf). The property, located on a .42-acre parcel at 1936 University Ave in the heart of downto...
| Harbor Associates Buys 37k sf Irvine Spectrum Building
Harbor Associates LLC has acquired 3 Burroughs, a 37k sf, former flex office building in Irvine that will be transformed into a Class A creative office campus. The project will be rebranded as ‘Bespoke Irvine’.
Built in 198...
| Sonnenblick-Eichner Company Arranges $65 Mil in Refi Money on NoCal Hotel Property
Sonnenblick-Eichner Company has arranged $65 mil of first mortgage debt for the refinancing of the 341-room Marriott Monterey Hotel in downtown Monterey. The property is owned by San Carlos Associates.
The 10-year, fixed-rat...
| AXA Real Estate Investment Managers US Buys 49% Stake in Los Angeles Office Property
AXA Real Estate Investment Managers US purchased a 49% interest in 5900 Wilshire, a 452.8k sf office property in Los Angeles. The seller was a joint venture between a global real estate investment management firm and The Ratk...
| Rexford Industrial Realty Spends $191 Mil on SoCal Portfolio
Rexford Industrial Realty Inc has agreed to acquire a private REIT that owns a portfolio of nine industrial properties for a total purchase price of approximately $191 mil, or approximately $125 per square foot, exclusive of ...
| CBRE Arranges $11.65 Mil for Purchase of Silicon Valley Office Property
CBRE Capital Markets’ Debt & Structured Finance team has secured $11.65 mil in non-recourse financing for the acquisition of a single-tenant office building located in the Moffett Park business area of Sunnyvale. CBRE’s Trent...
| Heslin Holdings Wraps Up a Busy First Quarter 2016
Heslin Holdings Inc completed a number of transactions during the first quarter of 2016. These deals included: the acquisition of a retail center in Tigard, OR; the acquisition of a multi-tenant industrial property in Fontana...
| AZ Multifamily Comp Comes in at $59k/Unit
In a recent multifamily sales comp from Glendale, AZ, a Phoenix-based investor paid $15.35 mil for Sonoma Terrace, a 260-unit ($59k/unit), Class B property. Built in 1979, the property is located at 5220 W. Northern Ave.
| Majestic Realty Breaks Ground on 300k sf Spec Industrial Building at OR Biz Campus
Majestic Realty Co just broke ground on its latest industrial building at Majestic Brookwood Business Park in Hillsboro. The planned 303k sf industrial warehouse property represents the largest speculative property to ever be...