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March 29, 2024
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• Shilo Inn Suites Oceanfront Hotel Along Oregon Coast Financed with $11 Mil Loan
10/16/17
Mark Hemstreet has obtained an $11 mil loan for Shilo Inn Suites Oceanfront Hotel, a 95.2k sf, 113-room full-service hotel located on the beach in Seaside, OR, approximately 80 miles from Portland. The loan was provided by iB...
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• Strategic Legacy Investment Group Starts Work on 32-Unit Res Project in Hollywood
10/16/17
Los Angeles-based Strategic Legacy Investment Group Inc (SLIG), has commenced demolition of the existing properties at a Hollywood site for the construction of a new multifamily development called The Dream @ Tamarind South. ...
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• Two Pack Hotel LP Buys Two Hotels
10/13/17
Two Pack Hotel LP, an affiliate of Excel Hotel Group, recently purchased two hotels, totaling 207 rooms, in the San Diego area. The acquisitions consist of the 132-room Comfort Suites San Diego-Miramar and the 75-room Holiday...
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• Westview Group Buys 175-Unit Multifamily Property in Palms Springs for $20.5 Mil
10/12/17
Westview Group has purchased a 175-unit apartment property in Palm Springs for $20.5 mil ($117k/unit). Built in 1979, the property is located at 311 South Sunrise Way, south of Tahquitz Canyon Way between Palm Canyon Dr and ...
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• Trio of SoCal 7-Eleven Sales Total Over $9 Mil
10/12/17
Three SoCal 7-Eleven properties have sold in separate transactions for a combined price tag of $9.13 mil. The properties are located in Los Angeles, San Diego and Bakersfield. Hanley Investment Group Real Estate Advisors’ Je...
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• Here’s the Skinny on Recent Slim Chickens Buy in Texas
10/10/17
Arkansas-based Frost Commercial LLC paid $3.35 mil for a recently developed, 3.8k sf ($882/sf) single-tenant retail property in the city of Helotes, a suburb of San Antonio, TX. The property is occupied by Slim Chickens, an e...
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• San Diego Area Office Building Goes for $9.16 Mil
10/09/17
The Courtyard I, a 50.4k sf office building located in San Diego’s Sorrento Mesa submarket has sold for $9.16 mil, or $182/sf. The multi-tenant property was purchased by Encinitas-based Plaza Del Norte Inc. Located at 6480 ...
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• NoCal Industrial Facility Purchased for $35 Mil by LDK Ventures
10/04/17
The North Bay Logistics Center, an 844k sf industrial building in Vacaville, was acquired by LDK Ventures in a recent transaction worth $35 mil ($41/sf). The building is located at 700 Crocker, just west of I-505 at Midway Rd...
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• Frontier Equity Buys 177k Office Building in Forth Worth
10/03/17
One Ridgmar Centre, a 177.2k sf, Class A office building in Fort Worth, TX, was purchased by Frontier Equity. The price was not disclosed. One Ridgmar Centre is located at 6500 W. Fwy, in the Southwest Fort Worth office subm...
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• Trion Properties Pays $26.5 Mil for 88 Res Units in Fremont
10/03/17
Trion Properties has acquired an 88-unit multifamily property in the Bay Area city of Fremont for $26.5 mil, or $301k/unit. This is the firm’s fifth Bay Area acquisition in less than two years, bringing its portfolio in the a...
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• Nicola Crosby Spends Over $14 Mil on Phoenix Area Industrial Park
10/02/17
In a recent Phoenix industrial buy, Nicola Crosby purchased Pinnacle Peak Commerce Center, a 93.7k sf, state-of-the-art flex/industrial complex, for $14.2 mil ($152/sf). Pinnacle Peak Commerce Center is located at 23751 North...
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• Overton Moore Properties Starts Work on 300k sf Spec Industrial Project in San Leandro
10/02/17
Overton Moore Properties has awarded the leasing assignment for Marina Gateway Industrial Center, a new development located at 2000 Marina Blvd in San Leandro, to Kevin Hatcher, SIOR, and Bob Ferraro, SIOR, with CBRE. OMP ha...
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• San Jose Office Building Trades in $21.5 Mil Deal
9/29/17
Nautilus Global Investment has acquired a Class A, two-story, 84.2k sf office/R&D building in San Jose for $21.5 mil ($255sf). The building, located at 1704 Automation Pkwy, is 100% NNN leased to Quantenna Communications Inc ...
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• Retail Center in Hawaii Sells for $22 Mil
9/29/17
Coconut Grove Marketplace, an oceanfront, 49.5k sf retail center on the Big Island of Hawaii, has sold in a $21.8 mil ($440/sf) transaction. The property, located at 75-5815 Ali’i Drive within the retail hub of Kailua-Kona, w...
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• Expanded Partnership with DoubleLine Capital to Boost Thorofare Capital’s Origination Platform
9/28/17
Thorofare Capital Inc is expanding its strategic partnership with DoubleLine Capital LP after receiving an additional capital allocation for a new commercial real estate lending program that will fund senior whole loans up to...
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• Phoenix Industrial Building Traded in $16 Mil Transaction
9/26/17
Foster City-based Bailard purchased a 188.1k sf industrial building in Phoenix for $16.1 mil ($86/sf). The state-of-the-art industrial/flex building, situated on 11.3 acres at 7822 S. 46th St, is 100% leased to BAE Systems. ...
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• Vegas Office Building Traded in $13.75 Mil Deal
9/21/17
City Center West A, a 105.8k sf office property in Las Vegas, traded hands in a $13.75 mil ($130/sf) transaction. The buyer was RFII Acquisitions LLC. The building is located at 7201 W. Lake Mead Blvd. It is adjacent to U.S...
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• Universe Holdings Buys Art Deco Apartment Property in LA’s Westlake Neighborhood
9/21/17
Nob Hill Towers, an Art Deco-themed apartment building constructed in the early 20th century near downtown Los Angeles, was acquired by Universe Holdings in a recent $12.6 mil transaction. The 52-unit ($242k/unit) asset is l...
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• Idealab HQ Building in Pasadena Sells for $19.4 Mil
9/20/17
Private investors have purchased the 34k sf, Idealab headquarters building in Pasadena for $19.4 mil in an off-market transaction. The property, located at 130 W. Union Street in the city’s Old Town area, was sold by Fairway ...
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• It’s a Wonderful Life for Industrial Tenants in Shafter
9/19/17
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...
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