| Ridge Breaks Ground on 351k sf Spec Industrial Project in Austin
Ridge, the industrial development arm of Transwestern Development Co, has broken ground on a 24.17-acre site that will house a 351.2k sf, speculative project in southeast Austin, TX. The project, situated within Southpark Com...
| Doyle Properties Spends $20 Mil on OC HQ Property
An 84.9k sf industrial property in Anaheim was acquired by Doyle Properties LLC for $19.81 mil ($233/sf) as part of a 1031exchange transaction. The asset was sold by Blackstone Group.
The property will be occupied by the Eco...
| Patagonia Works Buys 68k sf Industrial Asset in Ventura
Patagonia Works, the holding company for Patagonia Inc, purchased a 68k sf industrial property in the city of Ventura. The price was not disclosed.
The property, located at 5301 North Ventura Ave, sits on 7.87 acres of land...
| Hollywood Apartment Building trades Between Private Investors for $12.3 Mil
Hollywood Orchid, a 72-unit res property in Los Angeles, sold for $12.3 mil ($171k/unit), at $50k over the asking price. The property is located at 1772-1782 Orchid Ave, just west of Highland Ave at Franklin Ave.
Built in 19...
| Talonvest Capital Arranges $62 Mil in Construction Loans
Talonvest Capital Inc recently negotiated $37.8 mil of construction financing for The William Warren Group and $24.1 mil of construction loans for Metro Self Storage. The seven individual loans were funded through four diffe...
| South San Diego Industrial Facility Traded in $19 Mil Deal
A 205.8k sf, fully-leased industrial facility in south San Diego has sold for $19.3 mil ($94/sf). The facility is located at 2055 Dublin Dr, within close proximity to the Otay Mesa Port of Entry at the U.S./Mexico internation...
| Investor Buys 50k sf Value-Add Retail Asset in OR
Southgate Shopping Center, a 50.8k sf, value-add, multi-tenant retail strip center in the Southgate area of Portland, OR, was purchased by an unnamed private investor. It was sold by ML Commercial Properties Inc.
| AZ Neighborhood Center Fetches $320/sf
Tatum Plaza, a 29.5k sf, neighborhood shopping center in the Phoenix submarket of Cave Creek, AZ, has sold for $9.45 mil, or $320/sf. The property, located at 29455 N. Cave Creek Rd, east of I-17 and north of 101 Loop, was so...
| Cypress West Partners Buys 55k sf Medical Office Property in Bakersfield
Cypress West Partners has acquired Riverwalk Medical Plaza, a 54.9k sf, campus-adjacent medical office building in Bakersfield. The Southern California-based healthcare investment, leasing and property management firm acquire...
| Newly Completed OR Res Community Refinanced with $43.5 Mil Fannie Mae Loan
Walker & Dunlop recently arranged a $43.5 mil Fannie Mae refi loan for The Tennyson at Crescent Village, a newly constructed, Class A, townhouse- and loft-style property in Eugene, OR. Completed in early 2017, the 263-unit pr...
| Commercial Real Estate Financing Briefs
MERIDIAN CAPITAL GROUP -- Ari Adlerstein, Ari Dobkin, and Josh Simpson with Meridian Capital Group arranged $39 mil in bridge financing for the refinance of a 355-bed, two-property skilled nursing home portfolio located in So...
| Marsh & McLennan Companies Takes 72k sf of Downtown LA Office Space
Marsh & McLennan Companies has agreed to a 15-year lease for 72k sf of office space at US Bank Tower in downtown Los Angeles. The company, one of the largest and most prestigious insurance services firms in the world, will ta...
| iBorrow Provides $10 Mil for Two Seattle Hotel Conversion Projects
iBorrow has provided two loans totaling just under $10 mil to finance hotel conversion projects in Downtown Seattle’s Pioneer Square neighborhood. Both properties are situated just minutes from Century Link Stadium, the Seatt...
| New AZ Industrial Development Lands Two Tenants
The DeMichele Group and All In One Posters are the firms to take space at Chandler, Arizona’s newest industrial development, a 97k sf biz park from Silagi Development & Management (SDM), out of Thousand Oaks.
The DeMichele G...
| Lincoln Property Company Named Asset Manager for Transbay Transit Center in San Francisco
Lincoln Property Company has been selected as the asset manager of the Transbay Transit Center, a regional transportation hub under construction in the heart of downtown San Francisco.
The new center, considered to be the “...
| 334k sf TX Biz Park Trades Hands
Northbrook Business Center, a 334.1k sf industrial business park in north Fort Worth, TX, was purchased by Northbrook 820 LLC, a Wilson & Stonaker LLC partnership. The price was not disclosed.
The four-building complex, loca...
| Premier Business Centers Opens Its First Location in Spokane, WA
Irvine-based Premier Business Centers® is opening its first location in Spokane, WA, after signing a lease for 12.3k sf of flexible workspace on the 2nd floor in the Crescent Building, a fully restored, seven-story historic m...
| Young’s Market Company of Arizona Spends $20 Mil on Phoenix Cold Storage Facility
Young’s Market Company of Arizona recently acquired a 248.9k sf cold Storage industrial building in Phoenix for $20.5 mil, or $82/sf. Built in 1999 and renovated in 2003, the property is located 402 S. 54th Place.
With 26 do...
| Work About to Start on New Livermore Retail Center
Construction on The Shops at Livermore, a 115k sf mixed-use retail development located in the East Bay city of Livermore, is expected to get underway by the end of this month. The project, a development of RedMill Capital and...
| Shopoff Realty Investments Spends $52 Mil on LA Area Manufactured Housing Community
Shopoff Realty Investments has acquired a 45.89-acre manufactured housing community in the San Gabriel Valley city of El Monte for $52.7 mil. The property is located at 12700 Elliott Ave, west of I-605 about midway between I-...