| It’s a Wonderful Life for Industrial Tenants in Shafter
Wonderful Real Estate has started construction on a 1 msf, spec industrial building located within Wonderful Industrial Park, a 1,625-acre, rail-served industrial development in the CA town of Shafter, about 20 miles northwes...
| AZ Industrial Portfolio Trades in $24 Mil Transaction
TA Realty paid $24.5 mil for a 266.6k sf ($92/sf) industrial portfolio in the AZ cities of Scottsdale, Arizona and Tempe. The portfolio, comprised of four industrial/flex assets, was sold by The Hewson Company.
| Harcourt Developments Lands Bridge Loan on Historic Waterfront Building in Bellingham, WA
Harcourt Developments has obtained a $4 mil bridge loan on the Granary Building, a 56.5k sf, historic waterfront office building in Bellingham, WA. The loan was provided by iBorrow.
Located at 1208 Central Ave, the Granary B...
| Westcore Properties Buys 666k sf Bay Area Manufacturing Property
Westcore Properties has acquired Antioch Distribution Center, a two-building, 665.8k sf manufacturing/distribution property in the Bay Area city of Antioch. The property, located at 2200 to 2300 and 2110 Wilbur St, sold for $...
| Historic Medical Office Property in Phoenix Trades in Recent $5 Mil Deal
Grunow Memorial Medical Center, a 51.2k sf, two-story medical office building in Phoenix, AZ, was acquired by Meridian in a recent $5 mil ($98/sf) deal. The building, located at 926 East McDowell Rd, was sold by PacVentures, ...
| Three New Industrial Buildings Come Online at Valencia Gateway V Project
AEW Capital Management L.P and Sheridan Ebbert Development have completed construction of three new state-of-the-art industrial buildings -- totaling in 254.7k sf -- at the Valencia Gateway V project in Valencia. The building...
| Former Sausage Factory Transformed into Creative Office and Retail Space
San Diego-based Pathfinder Partners LLC and Denver-based Winfield Partners LLC have completed $7.4 mil in renovations to the historic Gold Star Sausage Co factory. The property is located at 28th and Walnut Streets in the hea...
| San Diego Area Medical Office Property Refinanced with New $29 Mil Loan
Pinnacle Medical Office, a primary care office in San Diego’s Scripps Ranch area, was recently refinanced with a $29 mil permanent loan. Located at 10670-10672 Wexford St, Pinnacle Medical Office provides services including p...
| Construction Started on Upscale Res Project in Brea
Western National Group, Anchor Real Estate Capital and Fantasia Holding Group have started construction of a new, luxury multifamily development in Brea. The project, slated to contain 206 units, is to be named Calligraphy.
| Venice Apartment Building Trades at 0.7% Cap Rate
Venice Beach Apartments, a fully occupied, five-unit apartment property that is just a short walk to Venice Beach, sold for $2 mil – or $400k/unit. The transaction came in at a record-breaking with a cap rate of .7 percent –...
| San Diego Office Tower Buy Financed with $43 Mil in Acquisition Money
San Francisco-based Swift Real Estate Partners financed its recent purchase of Five Thirty B, a 24-story, 232k sf Class A office tower in downtown San Diego, with $43 mil in acquisition money. Swift bought the asset, also kno...
| Grocery-Anchored Retail Center in Oxnard Sells for $24.5 Mil
Oxnard Vineyards, a 102.1k sf, grocery-anchored shopping center in Oxnard, was acquired by a private investor for $24.5 mil ($240/sf). The deal traded at a capitalization rate of 5.3%, in what we’re told is the lowest cap rat...
| Meridian Spends $26 Mil on Concord Office Asset
Meridian paid $26.2 mil for Sutter Square, a 174.7k sf ($150/sf), nine-story office building in Concord. The property, located at 1800 Sutter St, was sold by the Cranbrook Group, of Modesto.
Sutter Square was 78% leased at t...
| CO Investor Spends Over $30 Mil on Two Denver Multifamily Properties
Jeff Sanders, a Boulder-based investor with Mountain View Capital LLC, acquired two Denver-area multifamily properties with a combined 429 units in deals totaling $30.9 mil ($72k/unit).
One of the properties, Coronado Crossi...
| Tempe Res Property Trades in $25 Mil Deal
An entity formed by Laguna Point Properties LLC paid $25.7 mil for Anzio Apartment Homes, a 240-unit ($107k/unit), Class B multifamily property in Tempe, AZ. The asset, located at 1330 West Broadway Rd, was sold by WWC VII LL...
| IPT Acquisitions Pays $10.7 Mil for AZ Distribution Facility
Denver-based IPT Acquisitions LLC paid $10.75 mil for a 91.2k sf ($118/sf) logistics center in Paradise Valley, AZ. The property, located at 550 E. Elliot Rd, was sold by Globe Management Company.
The state-of-the-art, last ...
| Eight-Unit Santa Monica Apartment Building at the Beach Sells Vacant for Around $500k/Unit
By Allen Wolfsheimer
Arcadia Terrace Apartments, a fully vacant, eight-unit oceanfront apartment building in Santa Monica (some records show it as nine units), has sold for $4.25 mil ($531k/unit). The property, located on a ...
| Partners Capital Spends $8.65 Mil on Inland Empire Industrial Building
Partners Capital has acquired a 92k sf industrial building in San Bernardino for $8.65 mil ($94/sf). The purchase is part of a 1031 Exchange transaction following the disposition of two brick-and-mortar retail assets in San F...
| Hines and New York Life Real Estate Investors to Build 250k sf AZ Office Project
Hines has teamed up in a joint venture agreement with New York Life Real Estate Investors, on behalf of its institutional client, to develop the Offices at Chandler Viridian. The Offices at Chandler Viridian is a six-story, C...
| AZ Retail Center Purchased for $14.2 Mil by Litwin Management
Litwin Management has purchased Laveen Village Marketplace, a 56.7k sf retail center in Arizona, for $14.2 mil ($250/sf). It was sold by PASSCO Companies LLC.
Laveen Village Marketplace is located at Baseline Rd and 51st Ave...