| Investor Pays $10.8 Mil for Bakersfield Distribution Property
A 220.2k sf, single-tenant NNN lease industrial distribution center in Bakersfield traded hands for $10.85 mil ($49/sf). Built in 1980, the property is occupied by Men’s Warehouse.
The property is located at 5801 District Bl...
| Triscenic Studios Leases 142k sf Valencia Facility
Triscenic Studios has inked a $7.7 mil lease for a 142.4k sf industrial building in Valencia. Located at 25045 Avenue Tibbitts, the building features 28’-30’ minimum clearance, 26 truck-high position doors and two ground-leve...
| Draftsmen & Craftsmen
Work was just completed on a new 230k sf, corporate headquarters for Behr Paint Company, one of the nation’s largest suppliers of architectural paint and exterior wood care products. The project was designed by interior archi...
| Uhon Inc Acquires 177-Unit Res Property in the San Gabriel Valley
The Parker, a 177-unit multifamily property in El Monte, was recently acquired by Uhon Inc. The price was not disclosed.
Located at 4640 Arden Way, the 4.3-acre garden-style property sits 15 miles east of Downtown Los Angel...
| Central CA Hotel Property Trades for $105k/Room
Best Western Plus Villa Del Lago Inn, an 82-room hospitality property located in Patterson, CA, sold for $8.65 mil. Patterson is roughly 17 miles southwest of Modesto in central California.
Best Western Plus Villa Del Lago I...
| Urban Housing Communities Completes Affordable Housing Project in Santa Rosa
Urban Housing Communities (UHC) has completed work on Crossings on Aston, a 27-unit affordable housing development located at 706 Aston Ave in Santa Rosa. The project offers affordable workforce housing to families in Califor...
| Commercial Real Estate Financing Briefs
NORTHMARQ CAPITAL - Ory Schwartz with NorthMarq Capital secured Freddie Mac financing totaling $38.4 mil for two NoCal multifamily properties totaling 445 units. The financings were on behalf of two tenants in common, consist...
| California Landmark Group Completes Co-Housing Project in Marina del Rey
California Landmark Group (CLG) has completed construction of C1, the first large multifamily development in Los Angeles to feature co-living housing. C1 includes 51 luxury market-rate studio, one- and two-bedroom apartment ...
| New CO Health and Wellness Facility Completed
Work has been completed on Superior Medical Center (SMC), a four-story, 60k sf destination health and wellness facility in Superior, CO, a northwest Denver suburb. The project, developed by PMB, includes a 229-space parking s...
| EverWest Real Estate Investors Pays $8.65 Mil for Building Filled with DIRTT
Denver-based EverWest Real Estate Investors purchased Phoenix Airport Industrial Center, a 77.6k sf building in Phoenix, for $8.65 mil ($111/sf). The property was sold by Los Angeles-based Cohen Asset Management.
| Big Lots Center in Las Vegas Trades for almost $13 Mil
Craig Promenade, an 81.1k sf, Big Lots anchored neighborhood shopping center in North Las Vegas, was purchased for $12.9 mil ($159/sf) by Tulsa, OK-based Liberty Crossing Apartments LLC, an entity formed by Precision Equity. ...
| WellCare Health Plans Inks $23 Mil Lease for 81k sf in Phoenix
WellCare Health Plans Inc signed a long-term lease for 81.3k sf at Two Gateway Center in Phoenix. The 10-year transaction is worth $23 mil, or around $2.35/sf/mo.
Wellcare, a national health insurance firm, took three floors...
| Hines and Cousins Properties Acquire Land in Downtown Tempe, AZ for Mixed User
Hines and Cousins Properties, an Atlanta-based REIT, have purchased 2.5 acres of land located on Mill Ave in Downtown Tempe to develop 100 Mill, a project consisting of a 280k sf, 15-story class AA modern office tower and a h...
| Sterling Organization Buys 50k sf Seattle Shopping Center
Sterling Organization purchased Elliot Plaza, a 50.7k sf shopping center near downtown Seattle, for $11.65 mil, or $230/sf. The asset was purchased in an off-market transaction on behalf of Sterling Organization’s latest valu...
| RAF Pacifica Purchases 11 Acres in Goleta’s Cabrillo Business Park
RAF Pacifica has purchased five parcels of fully entitled commercial land totaling approximately 11.36 acres at the Cabrillo Business Park near the Santa Barbara Municipal Airport in Goleta. The Cabrillo Business Park is home...
| Philip Voorhees Promoted to Vice Chairman at CBRE
CBRE has promoted Philip Voorhees to Vice Chairman, the highest producer ranking at the firm. Voorhees heads the National Retail Partners– West (NRP-West) team, which has closed 63 transactions year to date, and all time clos...
| Tempe, AZ Office Building Trades in $34 Mil Deal
Papago Spectrum, a 159.3k sf, Class A office building in Tempe, AZ traded hands in a recent deal. The property is located at 1225 West Washington in the heart of the city’s downtown.
The property was acquired by Alidade Papa...
| Monrovia Office Building Sells in $18.5 Mil Deal
Chase Mayflower bought an 83.7k sf office building in Monrovia for $18.5 mil ($221/sf). The building, located at 1333 S. Mayflower Ave, between Huntington Dr and the 210 Fwy, was sold by Kare Foundation.
The property, Huntin...
| Alchemy Resorts Buys 3,100-Acre Property in Napa County
Alchemy Resorts has acquired Aetna Springs Resort, a 3,100-acre resort property in Napa County’s Pope Valley. The property, situated just 16 miles from downtown St. Helena and 35 miles from the city of Napa, includes approval...
| Knotel’s Portfolio Expanded by Over 300% in 2018
Agile workspace provider Knotel reports that its footprint more than tripled in 2018 – increasing by 318% -- and it expects similar growth in the coming year.
Knotel, which signed its first lease three years ago, grew in 2...