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August 28, 2016
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Archive
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• Phase I of 500k sf CO Lifestyle Center is Complete
8/05/16
Development has been completed on Phase I of the Village at the Peaks, a 500k sf lifestyle center in Longmont, CO. The $90 mil project, a development of NewMark Merrill Companies, is on the site of the former Twin Peaks Mall,...
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• Cypress West Partners Acquires 62k sf Medical Office Building in Modesto
8/04/16
Cypress West Partners, has has acquired the McHenry Medical Building, a 62k sf, multi-tenant medical office building in Modesto, for $9.45 mil, or $152/sf. Cypress West acquired the property under a ground lease with the hosp...
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• Beverly Hills Investment Firm Spends $16 Mil on Nevada Retail Portfolio
8/04/16
A six-property retail portfolio in Henderson, NV was purchased by Beverly Hills-based 3D Investments LLC for $16.2 mil. The properties, known as the Eastern Marketplace Portfolio, were sold by Las Vegas-based Eastern Marketpl...
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• Rand Sperry Launches New Broker-Oriented Real Estate Services Franchise
8/04/16
Rand Sperry has launched Sperry Commercial Global Affiliates LLC, a full-service commercial real estate franchise providing investment sales, leasing, and management services. Sperry, who serves as CEO, will leverage his deca...
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• National Storage Affiliates Buys Portfolio of 22 Properties in California
8/03/16
National Storage Affiliates, a Colorado-based real estate investment trust, has acquired a portfolio of 22 self-storage properties, totaling 1.6 msf of space, in California. The price was not disclosed. The Extra Space Stora...
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• Premier Business Centers Adds New AZ Location in Paradise Valley
8/01/16
Irvine-based Premier Business Centers® will be expanding its presence in Arizona with the addition of a new executive office suites location in Paradise Valley. The firm’s latest center is at 11201 N. Tatum Blvd, within the S...
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• Commercial Real Estate Financing Briefs
8/01/16
GEORGE SMITH PARTNERS – Gary Mozer, Katie Rodd, Michael Anderson-Mitterling, Kyle Howerton and Nick Rogers of George Smith Partners arranged a $9.3 mil, non-recourse refi loan on a 70k sf Bay Area multi-tenant retail property...
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• Alex Kozakov and Patrick Wade Promoted to Senior Vice Presidents at CBRE Group
7/29/16
Alex Kozakov and Patrick Wade, co-leaders of a retail investment property sales team in downtown Los Angeles, have been promoted to senior vice presidents with CBRE. Kozakov and Wade joined forces in 2006 and have focused on...
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• LiquidSpace and Premier Business Centers Team Up to Provide Businesses a More Flexible Array of Creative Workspace Alternatives
7/27/16
LiquidSpace, the largest real-time network for office space, has entered into a new workspace partnership with Premier Business Centers, one of the largest, privately owned executive suite and alternative workspace companies ...
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• Black Horse Gallops into Houston Industrial Space
7/25/16
Black Horse LLC has leased 31k sf of industrial space at West by Northwest Industrial Park in Houston. Black Horse, a joint venture between Caterpillar Inc and Ariel Corp, provides well service pressure pumping products and s...
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• New 320-Unit Res Project in The Arts District Opens to the Public
7/22/16
The Garey Bldg, a 320-unit apartment development in The Arts District of downtown Los Angeles, has opened to the public. The project is situated on a 2.9-acre site at 905 E. 2nd St, spanning from 1st to 2nd Streets, east of A...
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• Leasehold Interest in Central CA Former Haggen Store Sells
7/20/16
PAQ Inc has acquired the leasehold position in a 63.7k sf, vacant building that is part of a retail power center in the California Central Coast community of Arroyo Grande. The asset was sold by Haggen Property Holdings LLC. ...
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• Hines Global REIT II Picks Up 490k sf UT Campus
7/20/16
Hines Global REIT II Inc has acquired Cottonwood Corporate Center, a four-building, 490k sf office campus in the Salt Lake City submarket of Cottonwood, UT. The Class A complex, built between 1997 and 2000, was designed by Gi...
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• Commercial Real Estate Financing Briefs
7/19/16
BERKELEY POINT CAPITAL - Berkeley Point Capital recently closed a $32.9 mil, Low Income Housing Tax Credit Loan (LIHTC) for the phase 1 construction of the Las Cortes Apartment Community in Oxnard. The 144-unit community will...
more » 

• Ultra-Luxury Senior Living Project Breaks Ground in Laguna Niguel
7/15/16
Work has started on Crestavilla, a $100 mil, senior living project in Laguna Niguel. The ultra-luxury retirement community will provide an array of services comparable to a five-star hotel. Crestavilla is being developed by...
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• Archway Holdings and 3D Investments Buy 79k sf Century City Office Asset
7/14/16
A joint venture of Archway Holdings and 3D Investments has acquired a 79k sf, Class A office building in West Los Angeles from Kennedy Wilson for $36 mil ($455/sf). The high-profile building is strategically located at 10390 ...
more » 

• Upscale Res Project in Ladera Heights about to Break Ground
7/13/16
Strategic Legacy Investment Group is about to break ground on an upscale residential development in Ladera Heights. The 36-unit project, Knowlton Luxury Residences, is located at 6944 Knowlton Place, just south of Centinela A...
more » 

• Historic Office Property in Downtown Orange Trades for $500/sf
7/13/16
Old Towne Orange Plaza Square, an 8.9k sf, historic office building commonly known as the “Swift & Swift Building,” sold for $4.45 mil, which works out to $500/sf. The two-story building was sold by Swift & Swift, a full-ser...
more » 

• Metro Commercial Realty Obtains $21 Mil in Financing on Two Portland Gym Properties
7/13/16
CBRE Capital Markets’ Debt & Structured Finance team has secured $21.2 mil in non-recourse financing for two prime located retail/gym properties; the 24 Hour Fitness in Portland’s burgeoning downtown Pearl District and the 24...
more » 

• Transpacific Development Company Buys 1.44 msf Distribution Facility in Texas
7/12/16
Torrance-based Transpacific Development Company (TDC) closed on a large industrial buy in Texas, acquiring a 1.44 msf, Class A distribution building in Fort Worth, which was developed and is occupied by DHL Supply Chain. The ...
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