| Legacy Partners and SyRES Properties Start Work on Second Phase of Concord Res Development
Legacy Partners and SyRES Properties have just broken ground on the 180-unit, second phase of Renaissance Square, a luxury apartment community in Concord. In August 2016, Legacy Partners and SyRES Properties also acquired the...
| San Diego Strip Center Property Sells for $769/sf in Recent Private Investor Buy
A CA-based private investor has purchased the Taco Bell and Shops, an 18.2k sf strip center in San Diego, in a recent transaction valued at $14 mil, or $769/sf. The property, which is leased to a synergistic mix of food and s...
| Sacramento Area Res Community Trades for $84k/Unit
Sierra Village, a 185-unit, Class B apartment community located in the North Highlands submarket of Sacramento, was purchased for $15.5 mil ($83.8k/unit) by Oracle Properties Development. The asset was sold by Trion Propertie...
| Hollywood Dev Site Sold for $23 Mil by Champion Real Estate Company
In development news out of Hollywood, Airport Holdings LP paid $23.3 mil for a 49.6k sf parking lot property that is currently entitled for a mixed-use, residential/retail property. The property, located at 1717 N. Las Palmas...
| Duke Realty Corp Acquires 22.7 Acres in La Mirada for Future Industrial Development
The SoCal office of Duke Realty Corporation has purchased 22.67 acres of land in La Mirada for future development. The land is located directly north of Duke Realty’s 497.6k sf building at 16501 Trojan Way in the Mid-Counties...
| South Pasadena Office Campus Sells for $269/sf
Arroyo Gateway Business Park, a 43.3k sf, multi-tenant office campus in South Pasadena, traded hands in an $11.63 mil ($269/sf) sale. The property, situated on 2.2 acres at 143-161 Pasadena Ave, was acquired by Kota Commercia...
| Just Completed Affordable Housing Project Adds 59 Units of Affordable Housing in South Los Angeles
Paloma Terrace, a 59-unit affordable housing project in South Los Angeles, was just completed and has opened to the public. The project is a development of Retirement Housing Foundation (RHF Housing) and was designed by KFA L...
| Historic Building in San Francisco’s Mission District is Fully Leased
The Pioneer Building, an historic, 37.1k sf office building in the heart of San Francisco’s colorful Mission district, is now fully leased with the recent signing of a credit tenant for the remaining available space. The buil...
| Investor Picks Up Office Building in San Diego’s Rancho Bernardo Area
A 19.2k sf, two-story multi-tenant office building in San Diego sold for $4.2 mil, or $219/sf. The building sits on 1.32 acres at 17065 Camino San Bernardo, north of Hwy 56 and just west of I-15.
At the time of sale, 17065 C...
| Walmart Supercenter in Ontario Trades for $880/sf
An OC-based private investor paid $6 mil for a new 6.8k sf, Walmart Supercenter in Ontario. The transaction closed at a cap rate of 5.02% and $880 per square foot, said to be a record low cap rate and the highest price per sq...
| Law Firm Renews Denver Office Space
Robinson Waters & O’Dorisio P.C., a Denver-based law firm handling commercial real estate transactions, restructurings, finance, bond work and related litigation, renewed its 21k sf office space at Granite Tower in Denver. Te...
| Work Started on 60k sf AZ Office Project
SunCap Property Group has begun construction of a 60k sf office building in the Gilbert Spectrum Business Park in Gilbert, AZ. This is the first of several planned buildings that SunCap is offering in the 63-acre park, locate...
| Vista Investment Group Buys 276-Unit Res Property in LA’s Baldwin Hills Area
Vista Investment Group LLC has obtained $30.8 mil in financing for the purchase of Woodlake Manor, a 276-unit apartment property in Los Angeles’ Baldwin Hills neighborhood. The property, located at 4555 West Martin Luther Kin...
| McCormick Construction Completes Trio of Parking Structure Projects in Burbank
McCormick Construction recently completed three Parking structure development projects, totaling 464.8k sf and 1,412 parking stalls in Burbank. The private structures will provide ample parking for employees of the Nickelodeo...
| Walker & Dunlop Arranges $28.5 Mil Fannie Mae Refi Loan on 432-Unit Res Property in Mesa, AZ
Walker & Dunlop Inc structured a $28.55 mil Fannie Mae Moderate Rehab loan for Whispering Meadows, a 432-unit, garden-style apartment complex in Mesa, AZ. The financing utilizes the Fannie Mae Green Rewards program.
| Investor Pays Over $27 Mil for Sacramento-Area Multifamily Complex
Gold Ridge Apartments, a 268-unit, Class B apartment community located in the Rancho Cordova submarket of Sacramento, was acquired for $27.4 mil ($102k/unit) by a private investor in a 1031 exchange. It was sold by Oakmont Pr...
| CPP Acquires 68-Unit Portland Asset in Firm’s First Oregon Deal
Community Preservation Partners (CPP) has closed on a $16.5 mil deal to acquire Plaza Townhomes, a 68-unit townhome complex in Portland, OR. The asset was purchased for $6.7 mil from Home Forward, the housing authority servin...
| Hogan Lovells Takes 43k sf at Hines’ New Houston Office Tower
Hogan Lovells LLP has signed a 12-year lease for 43k sf of office space at 609 Main at Texas, the new downtown office tower developed by Hines. The deal value was not disclosed.
Located at the corner of Main and Texas street...
| Former Walmart Building in the Inland Empire Sells for $4 Mil
A 127k sf, former Walmart building in the Inland Empire city of Perris sold for $4.05 mil ($32/sf) in an all-cash transaction. The buyer was a California-based private family investment entity.
The building, located at 2560...
| Premier Business Centers to Open Its Fourth Location in Texas
Premier Business Centers® will be opening their fourth executive office suite location in Texas, and first in Allen, TX. This latest, 16.5k sf, location is within Allen Central Park, located at 700 South Central Expwy. It is ...