| The Luzzatto Company Buys 445k sf TX Office Park
An affiliate of The Luzzatto Company Inc (TLC) acquired Austin Oaks, a 12-building, 445.3k sf office park in Central Austin, TX. The property was sold by Spire Realty Group LP.
Situated on 31.4 acres along MoPac (Loop 1), A...
| Paso Robles Apartment Project to Open Its Doors
Blue Oak, a new luxury apartment and townhome community in Paso Robles, will officially open to the public this week. The project, a development of MBK Rental Living, is located at 710 Experimental Station Road.
| Two NoCal Starbucks Properties Trade for a Combined $5.4 Mil
Two new construction, single-tenant, NNN-leased corporate Starbucks in Northern California have sold in separate transactions totaling over $5.4 mil.
In one of the deals, in the Central Valley city of Ripon, a new, 1.6k sf s...
| The Associates Equity Fund Picks Up 165k sf Industrial Portfolio in West Corona
The Associates Equity Fund (AEF) has acquired a four-building, 165k sf industrial portfolio in West Corona for $14.3 mil ($87/sf). The acquired properties include a 25k sf, multi-tenant industrial building along with two free...
| AJ Capital Partners Acquires 274-Room OR Hotel and Has Begun Transformation Project
AJ Capital Partners has secured $71 mil in financing for the acquisition and transformation of the Hilton Eugene to the Graduate Eugene in Eugene, OR, near the University of Oregon.
Originally constructed in 1982, the hotel ...
| Commercial Real Estate Financing Briefs
JLL CAPITAL MARKETS -- Zane Sweet, Chris Casey, and Reid McGlamery with JLL Capital Markets arranged a $48 mil financing package through global investment manager Man Group to recapitalize a portfolio of approximately 300 sin...
| Colliers International Acquires CBC Advisors in Glendale
Colliers International has acquired CBC Advisors in Glendale, making the Tri-Cities company Colliers’10th office in the Greater Los Angeles region.
The former CBC Advisors office is comprised of 10 brokers specializing in t...
| Firms Ink Leases for Over 700k sf at New Distribution Development in Chino
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70% of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a development ...
| Petaluma Shopping Center Traded in $55 Mil Deal
East Washington Place, a 340k sf shopping center in Petaluma, was acquired by Vestar for $55 mil ($162/sf). The property, located at 401 Kennilworth Dr, adjacent to Hwy 101, was sold by Regency Centers.
East Washington Place...
| Portland Industrial Facility Trades in $4 Mil Acquisition
Mason Street Commons, a leased, single-tenant investment warehouse located at 4201 NE 161st Ave in Portland, OR, was purchased for $4 mil by Jerry and Deborah Ivy, a private investor. The seller, Forward Properties LLC, opte...
| UPstART Opens Newest Shared Room Community in East Hollywood
UPstART, a communal housing operator and private club for artists and musicians, has opened Harvard House, a 96-bed community located at 816 N Hobart Blvd in the East Hollywood region of Los Angeles California.
| Mexico-Based Private Equity Fund Buys Houston Office Building
The Aztec Fund Inc, a Mexico-based private equity fund, acquired Westway Plaza, a 313.4k sf, Class AA office building at 11330 Clay Rd in Houston. The fully occupied building is anchored by General Electric Co.
Situated on 9...
| SummerHill Homes Pays $13 Mil/Acre for Mountain View Dev Site
SummerHill Homes paid $22.5 mil for a 1.72-acre land parcel in Mountain View. The land parcel is located near the intersection of West Middlefield Rd and Rengstorff Ave in Mountain View, in close proximity to the Google headq...
| Bouwinvest Real Estate Investors and MacFarlane Partners Form a Joint Venture to Own and Operate Res High-Rises in L.A. and New York
Dutch institutional investor Bouwinvest Real Estate Investors and MacFarlane Partners have formed a joint venture to own and operate newly built residential high-rises in New York and Los Angeles with a combined total value o...
| Retail Building in Los Angeles’ La Brea/Melrose Area Fetches $800/sf
An iconic retail property in the heart of L.A.’s thriving La Brea neighborhood sold for $4.1 mil, or $804/sf. The 5.1k sf building is located at 819 North La Brea Ave, a block or so north of Melrose Ave.
Built in 1928 as a r...
| Commercial Real Estate Financing Briefs
GRANDBRIDGE REAL ESTATE CAPITAL - Hunter Curtis and Taylor Curtis with Grandbridge Real Estate Capital originated a $45 mil first mortgage loan secured by 4100 Newport Place Drive, a 190.4k sf, Class A office property in Newp...
| Exchange Investor Trades into 10.5k sf AZ Medical Office Asset
32nd Street SurgiCenter, a fully occupied, 10.5k sf medical office building in Phoenix, sold for $2.8 mil ($267/sf).
Built in 1978 and fully renovated in 2008, the one-story property is located at 10255 N. 32nd St and is fu...
| Los Angeles Multifamily Development Lands $35 Mil in Financing
Lion Real Estate Group has obtained $35 mil in financing on EastView Apartments, a newly completed, 121-unit, Class A apartment property adjacent to Downtown Los Angeles. The property is located at 327 N. Boylston St, just ou...
| Draftsmen & Craftsmen
The city of Laguna Niguel has broken ground on Crown Valley Park Community Building, a 30k sf, three-story building in the southern OC city. The $25 mil project marks the final phase of a three-tier improvement plan for Crown...
| Recent Lease Signings Account for 70% of Chino Distribution Project
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70 percent of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a devel...