| Alcion Ventures Refis Culver City Creative Office Campus
Alcion Ventures has obtained $60 mil in refi money for bLAckwelder, a 157.6k sf, creative office campus located at the intersection of Fairfax Ave and La Cienega Blvd in Los Angeles, at the border with Culver City.
| RAF Pacifica Group Underway with Over 500k sf of Creative Industrial Space in North San Diego County
RAF Pacifica Group has broken ground on three ground-up creative industrial developments totaling $110 mil in North County San Diego. The developments encompass over half a million square feet of high-quality creative industr...
| Investor Spends $32.5 Mil on 236 Res Units in Modesto
A SoCal investor has paid $32.57 mil for two multifamily communities totaling 236 units ($138k/unit) in Modesto. The acquisition consists of The Commons Apartment Homes, a 100-unit community on Standiford Ave, and Summerview ...
| TX Medical Office Asset Trades for $9.2 Mil
SG Property Service has acquired MacArthur Medical Plaza, a 41.6k sf medical office asset in Irving, TX, for $9.2 mil ($221/sf), via an affiliated entity. The purchase represents 67% of a condominium association.
| Downtown LA Development Site Sells for $795/sf
A foreign investor paid $26.5 mil for a multifamily development site in downtown Los Angeles. The property is entitled for a 24-story, 241-unit condo project that includes retail. The site sold for $795 per square foot.
| Presson Companies Lands $151 Mil in Financing for AZ Industrial Portfolio
Presson Companies has obtained $151 mil in new permanent financing for a 30-property, multi-tenant industrial portfolio totaling more than 4 msf and in excess of 1,000 tenants. The financing was arranged by Newmark and funded...
| Vancouver, WA Retail Asset Sells for $21.5 Mil
Fourth Plain Center, a 117.1k sf, value-add, multi-tenant shopping center in Vancouver, WA, recently sold for $21.5 mil ($184/sf). The property is situated in on 7.96 acres at 2903 NE Andresen Road, 2913 NE 72nd Drive and 29...
| AZ Biz Park Trades in $19 Mil Deal
Kachina Industrial Park, an eight-building, 202.9k sf business park in Tempe, AZ, was sold by NoCal-based Kieckhefer Properties for $19.1 mil, or $94/sf. The property, located at 1805-1850 W. Drake Dr, was purchased by Libitz...
| Crown Acquisitions Buys OC Apartment Property with $29 Mil Loan
Crown Acquisitions Inc has obtained a $29 mil loan for the purchase of Fullerton University Village, a student housing community located in Fullerton. The borrower plans to renovate the property and create a more dynamic livi...
| Burbank Office Asset Trades Hands
A 119.8k sf, Class A office property in Burbank was purchased by a joint venture of Ocean West Capital Partners and Fortress Investment Group. The seven-story building, located at 2901 W. Alameda, north of the 134 Fwy near th...
| Fowler Property Acquisitions Spends $40 Mil on AZ Res Asset
San Francisco-based Fowler Property Acquisitions LLC recently closed on a notable AZ multifamily buy, paying $40.5 mil for Ocotillo Springs, a 272-unit ($149k/unit) community in Chandler. The property, located at 825 West Que...
| Draftsmen & Craftsmen
McCormick Construction has completed renovation work of Westfield’s U.S. headquarters renovation, located at 2049 Century Park East in Century City.
McCormick’s scope of work on the Westfield-designed space consisted of the ...
| Sterling Organization Wraps Up $22 Mil AZ Retail Buy
Sterling Organization has purchased Palm Valley Marketplace, a 107.6k sf, grocery-anchored shopping center in Goodyear, AZ. The property was acquired from a subsidiary of Regency Centers for $22.45 mil ($209/sf).
| Canyon Partners Real Estate Provides $21.6 Mil in Construction Money for Silver Lake Res Project
Canyon Partners Real Estate LLC has provided a $21.6 mil senior construction loan to finance the development of a 35-unit luxury condominium project located along Sunset Blvd in the Silver Lake neighborhood of Los Angeles. T...
| Industrial Owner/User Buys in Paramount and Sells in Santa Fe Springs in Deals Totaling $13.7 Mil
A 58.6k sf industrial property in the LA County city of Paramount sold for $9.31 mil ($159/sf). The property was purchased by Richard Elden, the owner and president of dbest products Inc, a manufacturer of lightweight, collap...
| Panattoni Development Buys 22-Acre WA Development Site
Lakewood Tacoma Gateway, 21.83-acre industrial development site in Lakewood, WA, has been purchased by Panattoni Development Company. It was sold by YKC LLC, a private investor.
The property, located at 14801 Spring Street ...
| Phoenix Restaurant Property Trades in Sale/Leaseback Transaction
The Vig Fillmore, a 3k sf restaurant property in Phoenix, has traded hands for $2.3 mil, or $767/sf. The seller will continue to occupy the property, located at 606 N. 4th Ave, as part of a sale/leaseback deal.
The Vig, know...
| Construction Tops Out on Mixed-Use Project in San Diego’s East Village
Construction on Shift, a 631k sf mixed-use community in downtown San Diego’s East Village neighborhood, has topped out. The project, being built by Swinerton, includes a 21-story post-tensioned concrete tower and two five-sto...
| Vegas Area Medical Office and Surgery Center Completed
PMRG has completed work on Henderson Medical Plaza, an 85k sf, multi-tenant comprehensive medical office building and surgery center in Henderson, NV. The project, located at 1050 Galleria Drive will be an integral part of th...
| Vegas Multifamily Property Goes for $16.6 Mil
Flamingo Chateau, a 136-unit res property in Las Vegas, has sold for $16.6 mil ($122k/unit). The property is located at 6570 W. Flamingo Rd, west of I-15 and Las Vegas Blvd.
Flamingo Chateau was built in 1992. The property o...