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December 14, 2019
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ETC... ETC...
Archive
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• Two Sacramento Area Shopping Centers Trade Hands in Deals Totaling $24.6 Mil
7/29/19
Two shopping centers in the Sacramento area sold for a total consideration of $24.6 mil. The assets -- Currier Square Shopping Center in Oroville and Crossroads Shopping Center in Auburn -- were sold by Community Centers of A...
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• Government Leased Building in the Sacramento Area Sells for almost $400/sf
7/29/19
A 17.5k sf, single-tenant office building in the Sacramento suburb of El Dorado Hills sold for $6.75 mil, or $386/sf. The government building, located at 5152 Hillsdale Circle, was constructed as a build-to-suit for the U.S. ...
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• Titanium Elite Inc Buys Inland Empire Hotel Property
7/26/19
Titanium Elite Inc has purchased SpringHill Suites by Marriott Corona Riverside, a 130-suite, select-service hotel in the Inland Empire city of Corona. The price was not disclosed. Originally completed in 2009, SpringHill Su...
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• Kidder Mathews Awarded 2.9 msf Industrial Portfolio Management Assignment
7/25/19
Investment management advisor, BentallGreenOak, has selected Kidder Mathews to manage a 13-building industrial portfolio consisting of a combined 2.9 msf of space in Portland, OR. The assets are part of the five-building, 2....
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• DoubleTree by Hilton Hotel Salem, Oregon Gets New Owner
7/24/19
BHG Hotels purchased the DoubleTree by Hilton Hotel Salem, Oregon, an 80-room, full-service, Hilton-branded hotel in Salem, OR. The asset was sold by an institutional seller. DoubleTree by Hilton Hotel Salem, Oregon features...
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• Investor Exchanges into $13.5 Mil Medical Office Facility in San Jose
7/24/19
Forest Surgery Center, a 19.7k sf, state-of-the-art medical office facility in San Jose, sold for $13.5 mil, or $685/sf. The purchase was part of a 1031 exchange that enabled the buyer to transition from long-term ownership i...
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• Oceanside Hotel Lands $20 Mil Refi
7/22/19
The SpringHill Suites by Marriott San Diego Oceanside/Downtown, a 149-room hotel in downtown Oceanside, has been refinanced with a new loan for $20.7 mil. Built in 2014, the all-suite, LEED-certified Silver, select-service ho...
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• $17 Mil Buys Phoenix Office Building
7/19/19
Arcadia Gateway Center, a four-story, 90.2k sf Class A multi-tenant office building in Phoenix, sold for $17.25 mil ($191/sf). The property is located at 4222 E. Thomas Rd, east of Hwy 51 and north of Hwy 202. Constructed in...
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• Community Preservation Partners Rehabilitates Two Affordable Housing Projects Totaling 98 Units in Ogden, UT
7/18/19
Community Preservation Partners (CPP) has completed a $14.3 mil rehabilitation of two affordable living communities in Ogden, UT. The work covered 98 multifamily units at the 58-unit Normandie Apartments and the 40-unit Osmon...
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• OC Office Campus Refinanced with $56 Mil Loan
7/18/19
HERE, a five-building, 224k sf office campus in Laguna Hills, has been refinanced with a new $55.9 mil loan that was arranged by CBRE and funded through ARES. The multi-tenant complex, located at 23332, 23382 and 23422 Mill C...
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• Plastipak Packaging Leases another 234k sf at Southern California Logistics Airport in Victorville
7/17/19
Plastipak Packaging Inc leased an additional 233.8k sf at Stirling Development’s Southern California Logistics Airport (SCLA). Plastipak’s new lease term is 96 months and is at an existing building that is adjacent to the 296...
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• Work Started on $34 Mil Charter School Facility in Granada Hills
7/17/19
Granada Hills Charter has started work on a new $34 mil facility in the northern San Fernando Valley. It will be located on the school’s Devonshire site, which Granada Hills Charter purchased in 2014 and currently houses the ...
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• Work Started on 167k sf Warehouse Facility in Las Vegas
7/15/19
Harsch Investment Properties has started development of a 167.4k sf building located at 6101 North Hollywood Blvd, within Speedway Commerce Center IV, adding to the existing 2.65 msf Speedway Commerce Center in North Las Vega...
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• DTLA Office High-Rise to Undergo $20 Mil Renovation
7/12/19
KBS has begun work on a $20 mil renovation of Union Bank Plaza (UBP) in Downtown Los Angeles. Located at 445 S. Figueroa St, UBP is a Class A office tower owned by KBS Real Estate Investment Trust II. KBS’ renovation of UBP ...
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• ScanlanKemperBard Buys Leftbank in Portland
7/12/19
ScanlanKemperBard (SKB) bought Leftbank, a 60.2k sf, adaptive reuse, creative office project at 240 N. Broadway in Portland’s Lloyd District. The purchase was financed with a $13.3 mil acquisition loan. The Leftbank property...
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• Tappan Corporation Buys Office Building in San Diego’s Miramar Area
7/10/19
SoCal-based Tappan Corporation has acquired Sorrento Ridge, a 103.3k sf, three-story office building in the Miramar submarket of San Diego County. The price was undisclosed. Sorrento Ridge sits on 4.38 acres at 7220 Trade St...
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• Hines Starts Work on 374k sf WA Office High-Rise
7/09/19
Hines has begun construction on Summit 3, a 374.2k sf, 17-story Class A office building in Bellevue, WA. Located at the corner of 108th Avenue NE and NE 4th Street, Summit 3 will be constructed on top of an existing seven-sto...
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• Two Belmont Multifamily Properties Fetch $25 Mil in Separate Deals
7/09/19
We’ve learned of two multifamily property sales totaling $25 mil in the Bay Area city of Belmont, a high-barrier to entry market in San Mateo County. Adam Levin and Robert Johnston with Levin Johnston represented the seller, ...
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• ViaWest Group Buys Industrial Portfolio in Phoenix’ Sky Harbor Submarket
7/05/19
ViaWest Group closed on the acquisition of an industrial portfolio comprised of both vacant, developable land and two existing buildings in the Phoenix Sky Harbor submarket. Ultimately, the combined projects will have over 65...
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• LaTerra Development to Develop Two Res Projects in Santa Monica Totaling 99 Units
7/03/19
LaTerra Development has begun construction on the first of two apartment projects in Santa Monica, at the corner of Broadway Ave and Cloverfield Blvd. The second project, at the corner of Santa Monica Blvd and Yale St, is set...
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