| AZ Office / Hangar Facility Purchased by Southwest Jet Center
Southwest Jet Center has purchased The Hangars at 5615, a major, state-of-the-art office and hangar facility with direct runway access to Phoenix Mesa-Gateway Airport, the hub of Phoenix’s up-and-coming aerospace corridor. Th...
| Houston Senior Housing Project to Start after Landing $49 Mil in Construction Money
A joint venture between Bridgewood Property Company and Harrison Street Real Estate Capital has obtained $49.7 mil in construction financing for The Village of River Oaks, a 195-unit, Class A senior housing community located ...
| Lowe Enterprises Investors Buys 437k sf Phoenix Office Asset
Lowe Enterprises Investors, in a joint venture with one of its investment clients, has acquired Phoenix Gateway, a 437.6k sf, Class A office project in Phoenix, AZ. The price was not disclosed.
Mark McGovern and Scott Peters...
| Partners Capital Acquisitions Purchases Las Vegas Area Retail Center
Partners Capital Acquisitions LLC and its affiliates aquired Gramercy Commons, a 27.3k sf retail center in the Spring Valley community of Las Vegas, in an off-market transaction.
Fomerly known as Stetson Ranch Shopping Cent...
| Newmark Realty Capital Arranges Purchase Money for 88k sf AZ Shopping Center
Newmark Realty Capital Inc has arranged acquisition financing for Northsight Village, an 88k sf, Savers-anchored shopping center situated on approximately 8.957 acres in Scottsdale, AZ. The non-recourse loan has a 10-year ter...
| Premier Business Centers Opens Its First Las Vegas Location
Irvine-based Premier Business Centers has opened it first location in Las Vegas. On June 1st of this year, Premier, the largest privately owned executive office suite operator in the US, acquired the WaterMark Executive Suite...
| Sherman Oaks Apartment Building Trades for Nearly $500k/Unit
Vista Modern, a four-story, 34-unit apartment complex in Sherman Oaks, sold for $16.5 mil, or $485.6k/unit. The buyer was a Japanese construction company.
Built in 2014 and located just west of Van Nuys Blvd, at 4632-4646 Vi...
| The California Drought Mandate – How to Plan
This year the State of California has mandated that properties cut water usage by at least 20 percent – a large undertaking for some companies that may have to make major overhauls to landscaping and water usage at their prop...
| Sealy & Company Buys 900k sf Texas Industrial Portfolio
Sealy & Company has purchased 902.7k sf of Class A industrial assets in Texas on behalf of its investment offering, SSEP. Four buildings totaling 758.7k sf are located in El Paso, TX and the remaining building totaling 144k ...
| Commercial Real Estate Financing Briefs
GEORGE SMITH PARTNERS -- Malcolm Davies, Teddy Stutz and Bo Everett of George Smith Partners secured $25 mil in joint venture equity finance for the ground-up development of a luxury, 168- Unit townhome project in Dana Point....
| Phoenix Industrial Portfolio Sells for $42 Mil
The Realty Associates Fund X, L.P. purchased the White Star Portfolio, nine industrial buildings totaling 460.7k sf situated near Phoenix Sky Harbor International Airport and the city’s interstate highway systems. The assets ...
| Development of Houston Res Tower Funded with $55 Mil Loan
PCCP LLC has provided a $55.2 mil senior loan to a joint venture between The Carlyle Group and Pelican Builders for the ground-up development of The Wilshire, a 17-story, 96-unit luxury condominium project in the River Oaks s...
| Escondido Creek Conservancy Acquires 242-Acre Cielo Del Norte Property in Rancho Santa Fe
Escondido Creek Conservancy purchased Cielo Del Norte, a 242-acre property located southeast of Elfin Forest Rd and Harmony Grove Rd in Rancho Santa Fe, for $13 mil. The land was sold by Cielo Del Norte LLC.
The property was...
| 315-Acre Campus Site Outside of Sacramento Listed for Sale
Bitney Springs Center, a 315-acre site located near the communities of Grass Valley and Nevada City in the Sierra Nevada foothills outside of Sacramento, has been put on the market. The property is the former site of the Gras...
| Greystar Acquires 150-Unit Bay Area Apartment Community in a Deal Worth Near $45 Mil
Greystar purchased a 150-unit, Class B apartment community in Pleasanton in a deal said to be worth more than $300k/unit, or $45 mil. The 1981 vintage, garden-style property is located at 4320 Valley Ave, south of I-580 and e...
| Investors Trade 2,470-Unit TX Res Complex
Broadway Square Apartments, a 2,470-unit apartment complex adjacent to the William P. Hobby Airport in Houston, was just purchased by an out-of-state investment entity. We’re told that the property is the largest single multi...
| Landmark OC Coastal Site Sells
A landmark SoCal coastal property in Huntington Beach, home to the Don the Beachcomber restaurant, sold for $5 mil. The one and three-quarter-acre parcel is located at 16278 Pacific Coast Highway.
| Thorofare Capital and DoubleLine Capital LP Form Strategic Partnership
Thorofare Capital and DoubleLine Capital LP have formed a strategic partnership under which Thorofare will originate, underwrite and service middle-market commercial real estate bridge loans throughout the United States. The...
| Lincoln Property Company Lands Exclusive Negotiation Agreement with City of Tustin
The City of Tustin has now entered into an Exclusive Negotiation Agreement with Dallas-based Lincoln Property Company to pursue development for Cornerstone I at Tustin Legacy. The proposed creative office campus would be buil...
| Newmark Realty Capital Arranges $75 Mil for New Mixed-Use Development in Seattle
Newmark Realty Capital arranged combination construction and permanent financing in the amount of $75 mil for the Stack House Apartments and Supply Laundry Building located in Seattle, WA.
The project is a mixed-use apartme...