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June 25, 2016
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Archive
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• IgnitedSpaces Leases 42k sf in LA’s Fashion District
6/01/16
IgnitedSpaces has inked a lease for 42.2k sf of space at California Market Center in the Los Angeles Fashion District. Hollywood-based IgnitedSpaces provides flexible, state-of-the-art work and studio spaces with a full array...
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• Legacy Completes Upscale Res Project in Seattle’s Wallingford Neighborhood
5/31/16
Legacy Partners has completed work on Bowman Apartments, a 278-unit luxury rental property in Seattle’s Wallingford neighborhood. Construction of the five-story project began in summer 2014, with pre-leasing having started in...
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• Earthsavers Erosion Control Leases 108k sf Sacramento-Area Industrial Space
5/30/16
Earthsavers Erosion Control (ESEC) inked a 10-year lease for 108k sf of industrial space in the NoCal city of Woodland, in the Sacramento Valley. For ESEC, a leader in erosion control offering such products as Rice Straw Watt...
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• Portland Industrial Buildings Trade for $8.75 Mil
5/27/16
Security Public Storage – Portland LLC recently closed on its $8.75 mil acquisition of Vaughn Street Portfolio, consisting of two industrial buildings totaling 54k sf ($162/sf) in Portland. The buildings, located at 2012 and ...
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• Prologis to Develop 750k sf Logistics Project at Former Oakland Army Base
5/27/16
Global industrial REIT Prologis is planning to develop a new project slated to contain up to 750k sf of space in the East Bay, at the former site of the Oakland Army Base. The first phase of the prject, called Northeast Gatew...
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• Irvine Office Properties Finishes One San Diego Office Building and Tops Off Steel on Another
5/26/16
Eastgate Summit, a 65k sf, three-story ‘next gen’ office building in San Diego’s University Towne Centre area, has just opened. The coastal office project, which offers prominent visibility and sweeping vistas from above the ...
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• Sonnenblick-Eichner Company Arranges $38 Mil First TD Financing on Marina del Rey Hotel
5/24/16
Sonnenblick-Eichner Company has arranged $38 mil of first mortgage leasehold financing for Marina del Rey Hotel, a 164-room, full-service, luxury boutique hotel located on the water in Marina del Rey. The hotel recently unde...
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• Argent Retail Advisors Awarded Leasing Assignment for 374k sf South Bay Center
5/23/16
Stoltz Real Estate Partners has awarded Argent Retail Advisors, led by Terry Bortnick, the leasing assignment for Promenade on the Peninsula (POP), a 374.2k sf retail center in Rolling Hills Estates. Stoltz acquired the three...
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• Investor Buys 50k sf TX Building Leased to San Antonio Pre-K Education Center
5/19/16
A SoCal-based private REIT acquired a 50.2k sf building in San Antonio that is NNN-leased to the City of San Antonio Pre-K Education Center. The 5.4-acre site is located at 1235 Old Highway 90 W, just three miles north of Joi...
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• Phoenix Industrial Portfolio Trades in $66 Mil Sale
5/18/16
Exeter Property Group purchased a three-property industrial portfolio in the Phoenix Metro area for $66 mil. The assets, which are leased to six tenants and total 937.7k sf ($70/sf) of space, were sold by Duke Realty Corporat...
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• TMG Partners Sells 95k sf Building in San Jose
5/17/16
TMG Partners has sold a 95.6k sf building at Champion Station in San Jose to China-based GEIRNA. The building, located at 250 West Tasman Dr, south of Hwy 237 and west of I-880, is estimated to have sold for around $37.5 mil....
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• OR Manufactured Home Community Trades at a 4% Cap Rate
5/17/16
Summer Oaks, a 102-unit, manufactured home community in Eugene, OR, sold for $10.4 mil, or $102k/unit. The asset is situated on 21.8 acres at 3220 Crescent Ave, west of I-5 and north of Randy Pape Beltline. Summer Oaks is a...
more » 

• Dakem & Associates Developing New Facility in Pahrump for DaVita Healthcare Partners
5/16/16
DaVita | HealthCare Partners will occupy and operate a new, 57k sf medical office facility in the growing Nevada town of Pahrump, when it opens next year. The project is being constructed on a 7.26-acre land site that Thousan...
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• The Klabin Company Refurbishes School Teachers Lounge in Wilmington as Part of Sharefest Workday
5/16/16
The Klabin Company/CORFAC International partnered with Phillips 66 for this year’s annual Sharefest Workday at Fries Elementary School in Wilmington. Sharefest, an organization that fosters youth development and volunteeris...
more » 

• Noble House Home Furnishings Leases 740k sf Ontario Facility
5/13/16
Noble House Home Furnishings has agreed to a $27 mil lease for Prologis Mission Distribution Center, a 741.5k sf, Class A industrial distribution center situated on 31 acres in the Inland Empire city of Ontario. The lease ter...
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• C-III Realty Services Becomes Part of NAI Global
5/12/16
C-III Realty Services, an institutional commercial real estate capital markets firm, has been combined with the operations of NAI Global. Through this combination, C-III Realty Services will become NAI Global Capital Markets ...
more » 

• Investors Trade Palmdale Office Campus
5/11/16
Challenger Business Park, a 24.7k sf, multi-tenant medical and professional office campus in Palmdale, has traded for $4.78 mil ($194/sf). The property is located at 450-460 W Palmdale Blvd, at the western end of the city. T...
more » 

• Accruent Inks Relocation/Consolidation Lease for 104k sf in Austin
5/09/16
Accruent agreed to a consolidation/relocation lease for 104.4k sf of space at the Domain, a mixed-use complex in Austin, TX. The firm, a leading real estate and facilities management software company, is currently located at ...
more » 

• Vestar Closes $28 Mil NoCal Retail Buy
5/05/16
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 ...
more » 

• Morgan Hill Hotel Project Receives Unanimous Approval from City’s Planning Commission
5/03/16
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...
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