| San Diego Developer Buys AZ Res Property with $27 Mil in Financing
Meridian Capital Group has arranged a $27 mil loan for the acquisition and renovation of Indian Springs Village, a multifamily property located in Mesa, AZ, on behalf of a San Diego-based multifamily developer.
| Investors Close Buys of Two Bay Area Multifamily Assets
Two Bay Area multifamily developments totaling 90 units were purchased by private investors in separate deals. The properties, Marin Gardens and Skyline Vista Apartments, are both located within a 15-minute commute to San Fra...
| The Bascom Group Wraps Up 157-Unit CO Res Buy
The Bascom Group LLC has acquired 52nd Marketplace, a 157-unit multifamily community located in rapidly improving submarket of Arvada, CO, for $21.6 mil ($138k/unit). The property, situated within the western portion of metro...
| Triple-Net Retail Asset at Gateway to Popular CO Ski Resorts Sells for $1,500/sf
Silverthorne Investors LLC purchased a 100 percent-occupied, NNN 7-Eleven and Shell Gas Station along with a planned Dunkin Donuts Silverthorne, CO, a town of about 4,000 people situated roughly 65 miles west of Denver.
| Passco Buys 304-Unit TX Multifamily Asset
Passco Companies LLC has acquired Lone Oak Apartments, a recently completed, 304-unit multifamily community located in Round Rock, TX, a suburb of Austin. The property was sold by Abacus Capital Group in an off-market deal. T...
| The Festival Companies Buys 55k sf San Diego-Area Retail Center
The Festival Companies, out of Los Angeles, purchased Sorrento Court, a 55k sf retail center in San Diego’s Sorrento Mesa submarket. The 96%-leased property was purchased with a $21.1 mil loan arranged by Meridian Capital Gro...
| Soma Capital Partners Buys The LAB in Denver
The LAB, a newly completed 78.6k sf office building in Denver, was purchased by Soma Capital Partners (SCP) after completion of the development this month. The project is located at 2420 17th St, adjacent to I-25 at Platte St...
| Hines-Led Venture Buys 311-Acre Site in Frisco, TX for Master-Planned Res Community
Hines and Trez Capital Limited Partnership, one of Canada's largest private real estate financiers, have acquired a 311-acre property in Frisco, TX, on which the partnership will develop Edgestone at Legacy, a signature singl...
| JF Capital to Start Work on $28 Mil Upscale Res Project in Salt Lake City
JF Capital, a Utah-based real estate investment management and development firm, has obtained debt and equity funding to commence construction on a $28 mil luxury apartment development in downtown Salt Lake City. The 158-unit...
| Sabal Financial Group to Sell $541 Mil Portfolio of Real Estate and Loans
Sabal Financial Group LP has decided to sell a $541 mil portfolio of real estate and performing, sub-performing, and non-performing loans, representing a portion of its managed asset portfolio. The offering consists of 11 di...
| Google Buys 21k sf Mountain View Building It Currently Occupies
Google has purchased a single-story, 20.8k sf building in Mountain View from Drawbridge Realty for $14.9 mil, or $716/sf. The Class A office/R&D building is 100% leased to Google.
The property is located at 2637 Marine Way, ...
| Richardson, TX Office Complex is Buchanan Street Partners’ Second Buy in the Dallas Area this Year
Buchanan Street Partners, in a venture with CarVal Investors, recently purchased Richardson Office Center I & II, a 238.3k sf campus located in Richardson, TX. The property was sold by Principal Real Estate Investors.
| San Diego Office Tower Recapitalized with $130 Mil First TD
The EMMES™ Group of Companies has recapitalized 1 Columbia Place, a 556k sf, Class A office complex in Downtown San Diego, with $130 million in first mortgage debt. The loan was provided by Mesa West Capital.
A majority of t...
| Conor Commercial Real Estate and Globe Corporation to Develop 225k sf Spec Industrial Project in Gilbert, AZ
Conor Commercial Real Estate and Globe Corporation, in a joint venture, have acquired a 16-acre land parcel for the development of AZ|60 – a two-building, 225.6k sf industrial project in Gilbert, AZ. Available for-sale or le...
| Walker & Dunlop Closes $21 Mil Refi on Wyoming Apartment Complex
Walker & Dunlop Inc closed a $20.8 mil refi loan for The Preserve at Rock Springs, a 184-unit apartment complex in Rock Springs, WY. The loan was structured using the U.S. Housing and Urban Development’s (HUD) Section 223 (a)...
| HFF Arranges $65 Mil on Manufactured Home Communities from April 1 to June 15 of This Year
Holliday Fenoglio Fowler L.P. has arranged $65.7 mil in combined financing for 11 manufactured home communities totaling 1,605 home sites located in California and Oregon since April 1, 2015.
Financing for the 11 properties ...
| Griffin Capital Essential Asset REIT Buys 100k sf Tucson Facility
Griffin Capital Essential Asset REIT II Inc recently acquired a 100.3k sf facility in Tucso, AZ that is fully leased by Aetna Life Insurance Company in a sale/leaseback deal with Aetna. Aetna has an investment-grade credit ra...
| Las Vegas Private Club Property Offered for Sale
The Stirling Club, a 78k sf, high-end private club on 3.2 acres within the Turnberry Place condo complex in Las Vegas, has been put on the market. Originally constructed in 2001 as a premier private club, the facility ceased ...
| Capital One Provides $35 Mil for San Francisco Res Project
Capital One has provided a $35.1 mil loan to finance the construction of The Martin, a six-story, 92-unit apartment complex being developed by Raintree Partners in San Francisco’s up-and-coming Dogpatch neighborhood. The pro...
| San Francisco Res Tower Development Gets Underway
Here’s a quick update on a major development slated for San Francisco’s SoMa neighborhood. Hines and Invesco Real Estate have begun construction on 41 Tehama, a 389k sf, upscale multifamily complex in San Francisco's South of...