| Vectra Management Group Pays $17 Mil for Class A Office Property in West Los Angeles
Vectra Management Group Inc has acquired a Class A, 43.4k sf office building in Los Angeles for $17.06 mil ($393/sf) via an auction from UC Regents. The purchase was financed with a $16.75 mil bridge loan arranged by CBRE.
| Oceanfront Hawaii Resort Development Financed with $96 Mil Loan
HFF has arranged $96 mil in financing for the development of Timbers Kaua’i – Ocean Club & Residences, a private oceanfront residence club within the planned Hokuala Resort in Lihue on the Hawaiian island of Kaua’i. The const...
| Upscale Sunnyvale Res Project Completed
SummerHill Apartment Communities has completed 481 on Mathilda, a new 105-unit luxury residential rental community in downtown Sunnyvale. The project is located at 481 South Mathilda, between Olive and Iowa streets.
| Badiee Development Breaks Ground on Carlsbad Industrial Project
Badiee Development has broken ground on Carlsbad Victory Industrial Park, a 55.6k sf industrial facility in Carlsbad. The project, located at 3248 Lionshead Ave, is slated for completion in earlky summer of 2017.
| Santa Monica College Completes New IT Building and Starts New Student Services Building
Bernards has completed a new 25.1k sf, $15.1 mil home for the Santa Monica College (SMC) Technology, Network, and Telecommunications departments. The firm is also under construction on a new $77.4 mil, 112k sf Student Service...
| Angelo, Gordon & Co Refis Two Vegas Res Properties with $27 Mil in Fannie Mae Money
Angelo, Gordon & Co recently financed two multifamily properties in Las Vegas with $27 mil in Fannie Mae money arranged by Meridian Capital Group.
The properties, Tower at Tropicana, located at 6575 West Tropicana Ave, and G...
| Oakland Apartment Property Sells for Record $440k/Unit
Taijirian Investments LLC paid $11 mil for a 25-unit multifamily investment property in Oakland. The transaction works out to approximately $727/sf and $440k/unit, in a deal we’re told represents the highest price per square ...
| Bixby Land Closes $18 Mil OC Industrial Buy
Bixby Land Company picked up a 121.3k sf industrial building in Anaheim in a recent, $18.2 mil ($150/sf) all-cash purchase. The property is 100% occupied on a long-term lease by Blue Line Foodservice, a privately-held interna...
| Major Portion of The Village at Orange Retail Center Traded between Investors
A majority, 468k sf portion of The Village at Orange, an 850k sf retail center in the Orange County city of Orange, has sold for $84.5 mil, or about $180/sf. The transaction between two unnamed institutional investors did not...
| Morgan Hill Approves Mixed-Use Project in City’s Downtown Area
The city of Morgan Hill’s planning commission has approved plans for a new three-story, 10k sf mixed-use project in the heart of the city’s downtown. The project, to be named The Edes Building, is being developed by local res...
| Palo Alto Office Building Financed with New $28 Mil Loan
A joint venture of Sand Hill Property Company has landed new financing of $28.3 mil on a 71.4k sf office building in Palo Alto’s Stanford Research Park. Located at 950 Page Mill Rd, the property serves as the California offic...
| Phoenix Development Site Sells for $4.6 Mil
A 6.48-acre development site in Phoenix sold for $4.575 mil. Prior to the sale, the buyer obtained approval from the City of Phoenix to develop a 240-unit apartment complex.
The property is located at 4633 East Van Buren. Th...
| Don't Miss RENTV's San Fernando Valley State of the Market Conference - Dec 8th
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| Houston Res Portfolio Refinanced with $92 Mil Loan
Willowick Venture Ltd has secured $92 mil in refinancing on Willowick Park, a 552-unit luxury apartment community in Houston, TX. The properties included in the transaction are:
• Aria at Willowick Park – 325 units.
| UCLA Wins Silver Shovel at 2016 NAIOP Real Estate Challenge
On November 17, graduate student teams from the Ziman Center of Real Estate at UCLA’s Anderson School of Business and the Lusk Center at USC’s Marshall School of Business and Price School of Public Policy competed in a head-t...
| Kenson Ventures to Start Work on 30k sf Office Project in Palo Alto
Kenson Ventures is about to break ground on a 30k sf office project in Palo Alto’s California Avenue district. Construction of the state-of-the-art, LEED-certified development is slated to start this month with completion pla...
| Westcore Properties Invests $6 Mil in Stockton Industrial Property
Westcore Properties has boosted its portfolio with the recent purchase of a 172.5k sf industrial property in Stockton for $6 mil, or $35/sf. The property, located at 4545 Qantas, was sold by Sacramento-based Friedman Family.
| Universe Holdings and Hanover Financial Pay $24 Mil for 68 Res Units in Hollywood
Universe Holdings and Hanover Financial have teamed up in the acquisition of two multifamily properties totaling 68 units in Hollywood for $24.1 mil ($354.4k/unit). The joint venture partners have dedicated an additional $2 ...
| Spec Manufacturing Project in San Jose has Been Completed
Construction has been completed on MidPoint@237, a three-building, 563k sf Class A advanced manufacturing project in San Jose. The spec development, being built by Trammell Crow Company and Principal Real Estate Investors, is...
| Parallel Capital Partners Spends $20 Mil on AZ Office Asset
San Diego-based Parallel Capital Partners has acquired Kierland Corporate Center, a 78.3k sf, Class A office complex in Scottsdale, for $20 mil, or $255/sf. The property was sold by Bataa/Kierland II LLC.
Bult in 2009, Kierl...