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• Retail Building in Los Angeles’ La Brea/Melrose Area Fetches $800/sf
8/07/18
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...
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• Commercial Real Estate Financing Briefs
8/07/18
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...
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• Exchange Investor Trades into 10.5k sf AZ Medical Office Asset
8/06/18
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...
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• Los Angeles Multifamily Development Lands $35 Mil in Financing
8/06/18
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...
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• Draftsmen & Craftsmen
8/03/18
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...
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• Recent Lease Signings Account for 70% of Chino Distribution Project
8/02/18
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...
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• Rexford Industrial Realty Spends $20 Mil on Two SoCal Facilities
7/27/18
Rexford Industrial Realty Inc acquired two industrial properties totaling 120.8k sf of space for $20.3 mil. The acquisitions – in Santa Fe Springs and Valencia -- were funded using available cash on hand.
In one deal, Rexfo...
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• Owner/User Pays $197/sf for Simi Valley Industrial Facility
7/27/18
A 37.1k sf, state-of-the-art industrial building in Simi Valley sold for $7.3 mil ($197/sf). The building is part of an industrial business campus, located at 167 W. Cochran St, and was the last available property for sale at...
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• Provenance Hotels Refinances Hotel Theodore in Seattle
7/26/18
Provenance Hotels, out of Portland, OR, has refinanced Hotel Theodore, a 20-story, 153-room, full-service, luxury boutique hotel in downtown Seattle. The firm has obtained new first mortgage money for $50 mil on the property...
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• Sabal Capital Partners to Acquire Majority Stake in Trident VII Funds Company Managed by Stone Point Capital
7/26/18
Sabal Capital Partners LLC recently signed definitive agreements for the acquisition of a majority interest in the company by the Trident VII funds managed by Stone Point Capital LLC. Sabal is a leading small balance debt pro...
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• CO Shopping Center Picked Up by Florida Buyer in $10.8 Mil Deal
7/25/18
Broadridge Shopping Center, a 75.8k sf shopping center in Littleton, CO, was acquired by Fort Lauderdale-based SunCap Opportunity Fund LLC for $10.85 mil ($143/sf). The property was sold by Transmark Co.
Broadridge Shopping ...
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• BOSA Development to Transform Vacant Building in Downtown San Diego into Class A Office Property
7/19/18
BOSA Development will redevelop a vacant building located at 777 Front Street in downtown San Diego into a new Class A, 162k sf office building. The building will be able to accommodate a variety of requirements ranging from...
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• Private Investor Buys Two Self-Storage Facilities in Silicon Valley
7/19/18
A private, high net worth family seeking to expand its portfolio purchased two institutional quality self-storage facilities in Silicon Valley’s Los Gatos submarket. The price was not disclosed.
The two facilities, located a...
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• Vista Investment Group Affiliate Acquires Leasehold Interest in Santa Monica Business Complex
7/18/18
An affiliate of Vista Investment Group has acquired from Redwood Partners Inc the leasehold interest in Media Park Santa Monica, a 101.4k sf creative office campus in Santa Monica’s Media District. The deal value was not give...
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• Cypress West Partners and MedProperties Holdings buy 50k sf Phoenix Office Asset
7/18/18
Cypress West Partners has acquired a 50k sf, Class A medical office building in Phoenix in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm headquartered in Dalla...
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• Canyon Partners LLC Closes Real Estate Debt Vehicle with $450 Mil in Commitments
7/13/18
Canyon Partners LLC closed a real estate debt vehicle with over $450 mil in total commitments. The Canyon Partners Real Estate debt platform is focused on the origination of senior and subordinate debt investments secured by ...
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• Dominion Mortgage Corporation Funds Challenging $14 Mil Take-Out Loan on Medical Facility
7/13/18
West Los Angeles-based Dominion Mortgage Corporation has provided a $14 mil loan on a medical center property located within a Georgia resort community. The financing was used to reimburse the sponsor for the building costs s...
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• AZ Retail Center Fetches $16.6 Mil
7/12/18
Plaza at Power Marketplace, a 71k sf shopping center in Queen Creek, AZ sold for $16.6 mil ($234/sf). The property is located at 7225 S. Power Rd and 18490-18550 E. Rittenhouse Rd, near the Arizona State University Polytechni...
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• Long Beach Multifamily Sale Tops $50 Mil
7/12/18
In a Long Beach multifamily buy, Emeryville-based based HFH Limited paid $50.8 mil for Patio Gardens, a 127-unit apartment community located at 4874 East Los Coyotes Diagonal, in the Traffic Circle neighborhood of Long Beach....
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• Flex/Office Campus in South San Francisco Sells to SFF Realty Fund III in a $47.5 Mil Deal
7/11/18
SFF Realty Fund III, an affiliate of San Francisco-based PSAI Realty Partners, purchased Dubuque Center, a three-building, 112k sf flex/office/R&D campus in South San Francisco, for $47.5 mil ($424/sf). The property, located ...
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