|
• Drury Development Corp Picks Up Arlington, TX Site for Hotel
10/20/17
Drury Development Corp acquired a 9.24-acre, mixed-use, zoned tract of land in Arlington, TX for development of a full-service hotel. The project, located west of the Lincoln Square retail center, will include a 268-room Drur...
|
• Community Preservation Partners Completes Rehabilitation of Portland Affordable Housing Community
10/20/17
Community Preservation Partners (CPP) has completed the rehabilitation of Plaza Townhomes, a 68-unit affordable housing community in Portland, OR. The 12-month rehabilitation cost more than $50k per unit – an investment about...
|
• Two Phoenix Retail Properties Sell in Deals Totaling $3.4 Mil
10/19/17
Two north Phoenix retail buildings traded hands in recent deals totaling $3.4 mil. The two single-tenant, free-standing buildings, with a combined 21.5k sf of space, were sold by MCR Dunlap LLC. They were 100% occupied at the...
|
• Washington State Res Property Sells for $20 Mil
10/19/17
Meter Properties has acquired Arterra Townhomes, an 81-unit, garden-style apartment property in Kent, WA for $20 mil ($247k/unit), free and clear of any debt. The seller was a joint venture between PCCP LLC and Westbridge Pro...
|
• AZ Res Property Traded for $11k/Unit
10/18/17
Tempe Vista, a 186-unit apartment communityin Tempe, AZ, was purchased by Denver-based Capital Real Estate LLC for $20.5 mil ($110.2k/unit). The property, located at 2045 E. Broadway Rd, was sold by Phoenix-based 2045 Broadwa...
|
• OC Retail Bought for $24.5 Mil by LA Investor
10/17/17
A 105.6k sf shopping center in Fullerton was acquired by SCB Inc, a private investment company, for $24.5 mil, or $232/sf. The property, located at 110 – 130 W. Imperial Hwy, is currently leased to Best Buy, 24 Hour Fitness a...
|
• 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...
|
• 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. ...
|
• 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...
|
• 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 ...
|
• 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...
|
• 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...
|
• 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 ...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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...
|
• 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 ...
|
• 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...
|
Return to the Home Page - Etc... Etc... area
