| Rexford Industrial Realty Closes a $24 Mil Acquisition and an $11 Mil Disposition
Rexford Industrial Realty Inc recently completed two SoCal transactions, one an acquisition and the other a disposition. The firm paid $24.1 mil for a 213.6k sf industrial complex in Ontario, and also collected $10.9 mil for ...
| BKM Capital Partners Closes $28 Mil San Diego Area Industrial Buy
BKM Capital Partners has acquired Activity Business Center, a 160.9k sf, five-building multi-tenant light industrial property in the Miramar submarket of San Diego. The industrial complex was sold by Lincoln Property Company...
| San Diego Entity Buys 88k sf Retail Center in Denver Metro
San Diego-based Midtown National Group LP purchased an 87.7k sf, a Safeway-anchored shopping center in the Denver metro area. The shopping center was 99% occupied at the time of the sale. The purchase price could not be discl...
| Passco and Patriot Self Storage Team up in Houston Self-Storage Buy
Passco Companies, in a joint venture partnership with Patriot Self Storage Management, has acquired a self-storage property totaling more than 54k sf in Houston, TX. The price was not disclosed
The facility, located at 4217 ...
| Venice Building Trades for Over $700/sf
A two-story, 7.7k sf retail and creative office building in Venice, just steps from the beach and the world‐renowned Venice Boardwalk, sold for $5.5 mil, or $714/sf in an off-market transaction. The building, located at...
| Huntington Hotel Group to Build 225-Room Dual-Branded Hotel Project in Agoura Hills
Huntington Hotel Group has obtained $35 mil in construction financing for the development of a dual-branded hotel comprising a 129-room Courtyard Marriott and a 96-room TownePlace Suites in the western Los Angeles-area commun...
| Pro Moves
Aaron Hill - Aaron Hill was named President at Bixby Land Company, extending a successful 11-year tenure at Bixby where he most recently served as executive vice president and chief operating officer. Bill Halford, who has se...
| South Bay Retail Center Acquired by Exchange Buyer in $21 Mil Deal
In a recent retail investment comp out of LAís South Bay region, a private 1031 exchange investor paid $21 mil for Southwood Village, a 67k sf ($313/sf) neighborhood retail center in Torrance.
Situated on just over 5.5 acres...
| Single-Tenant NNN Property in Sacramento Sells in $7.9 Mil Deal Between Private Investors
A single-tenant, NNN absolute investment in Sacramento has sold for $7.9 mil. The asset, located at 9036 Calvine Rd, is occupied by Merryhill Schools.
Merryhill Schoolsí lease is guaranteed by Nobel Learning Communities In...
| 3D Investments Purchases 278k sf NV Retail Asset from Brixmor Property Group
3D Investments has purchased Galleria Commons, a fully occupied, 278.4k sf shopping center situated on nearly 23 acres in Henderson, NV. The asset was sold by Brixmor Property Group.
Built in 1997 and located at 470-510, 550...
| Torani Inc Takes 327k sf at New Bay Area Biz Park
In recent industrial activity from the Bay Area, Torani Inc signed a 15-year, $65 mil lease for 327k sf of space in San Leandro. The firm is relocating its corporate headquarters and manufacturing facilities from South San Fr...
| Long Beach Office Building Trades for $15 Mil
A newly built, freestanding, 40.4k sf office building in Long Beach sold for $15 mil ($370/sf). The property is fully occupied by United Pacific, one of the largest independent owners and operators of gas stations and conveni...
| KDG Capital Buys 100-Room Hospitality Asset in Central Oregon
KDG Capital has acquired Eagle Crest Resort, a 100-room destination resort hotel in Central Oregonís high desert, in the greater Bend-area community of Redmond.The property was sold by a partnership between Northview Hotel Gr...
| Office Property in LAís Little Tokyo District Trades for $18 Mil
A freestanding, 54.8k sf office property in Downtown LAís Little Tokyo District has sold for $18 mil ($328/sf). The 10-story property is located at 321 East Second St, just a short walk from the Arts District and close to Civ...
| Alere Property Group Closes $12 Mil Inland Empire Purchase
Alere Property Group LLC recently acquired an 81k sf distribution facility in corona for $12.1 mil ($149/sf). The building is located at 200 River Rd, west of I-15 and north of the 91 Fwy.
The building is a state-of-the-art ...
| San Fernando Valley Multifamily Property Sells for $45 Mil
Cielo Apartments, a 119-unit multifamily property in the western San Fernando Valley community of Chatsworth, traded hands for $45 mil, or around $378k/unit.
The property is located at 9733 Topanga Canyon Blvd, within five m...
| Private Investors Trade Two Multifamily Properties in San Mateo County for $27 Mil
An unnamed private investor paid $27.1 mil for a two-property legacy multifamily portfolio totaling 54 units ($502k/unit) in San Mateo County.
The two communities, Belview Heights and Casa Belview, are located at 1015 and 1...
| Student Housing Project for University of Texas to Move Forward with $28 Mil in Construction Money
Austin-based Lincoln Ventures has obtained a $28.5 mil A&D and construction loan for The Ruckus 2.0, a 66-unit and 236-bed student housing project in the West Campus area of the University of Texas. The loan was arranged by E...
| SMARTCAP Spends $14.4 Mil on WA Office Asset
SMARTCAP paid $14.4 mil for Quadrant I-5 Corporate Park, Building A, a 75k sf ($192/sf) office building in Everett, WA. It was sold by Shelby Company LLC. The property traded at a 7.2% cap rate.
The two-story, Class A buildi...
| Brookfield Awards Leasing Assignment for Houston Center Mixed-User to Transwestern
Brookfield has selected Transwestern to provide leasing services for Houston Center, an iconic, mixed-use campus in Houstonís Central Business District comprised of 4.2 msf of office and retail space.
Located near Discovery...