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• Leasing Interest Strong for New Sacramento Urban Office/Tech Campus
8/08/17
The Cannery is a newly developed urban office and technology campus in Midtown Sacramento’s arts and cultural epicenter. Housed in an historic former canning plant, the 275.4k sf campus is located at 1651 Alhambra Blvd.
Wit...
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• Portland Res Development Lands $39 Mil in Construction Funding
8/07/17
Harbor Sky LLC has obtained a $39.5 mil construction loan for the development of Harbor Sky, a 266-unit multifamily project in Portland, OR. Located at 1055 N. Anchor Way, the development will consist of a six-story building ...
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• Foods Supplier Buys 75k sf Industrial Property in the East Bay
8/07/17
A 75.4k sf, industrial warehouse property in San Leandro sold for $12.5 mil ($166/sf). The property, located at 2300 Polvorosa Ave, was acquired by 4 FACEB Investment LLC, who owns ASA Trading Inc, the lead supplier of food r...
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• Draftsmen $ Craftsmen
8/01/17
C.W. Driver Companies has broken ground on the $17.9 mil construction of the new Mission Hills-Hillcrest Harley & Bessie Knox Public Library. The 14k sf, one-story structure will be nearly four times the size of the current l...
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• Sacramento-Area Res Property Refinanced with $47 Mil Fannie Mae Loan
8/01/17
Wasatch Group has obtained a $47.2 mil Fannie Mae fixed-rate loan to refinance Chesapeake Commons, a 600-unit apartment community in Rancho Cordova, a city in the Sacramento Metropolitan Area. The financing, provided through ...
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• Walker & Dunlop Arranges $34 Mil in Freddie Mac Funding for Roseville Apartment Project
7/26/17
Walker & Dunlop Inc provided a $33.8 mil commitment under the Freddie Mac Tax Exempt Loan (TEL) Unfunded Forward Program for the permanent financing of Campus Oaks Phase I, an affordable, garden-style apartment community in R...
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• New Res Development in LA’s Silver Lake Neighborhood Receives $21.6 Mil in Construction Money
7/25/17
A joint venture between Barth Partners and Barry Leddy Developments has obtained $21.6 mil in ground-up construction financing for development of a 35-unit res condo project in LA’s Silver Lake neighborhood. The financing was...
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• Nazareth Enterprises Spends $15.6 Mil on 180k sf of Space in Morgan Hill
7/25/17
Nazareth Enterprises Inc recently completed the $15.6 mil acquisition of two properties totaling 180k sf ($87/sf) in Morgan Hill, a city roughly 20 miles southeast of San Jose in Santa Clara County. The properties are located...
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• Commercial Real Estate Financing Briefs
7/21/17
NEWMARK - Robert Slatt, Jeff Wilcox and Charlie Kokernak with Newmark has arranged $27.2 mil in fixed-rate financing for the Stanford Park Hotel in Menlo Park. The 162 room, full-service hotel opened in 1984. Located on a sin...
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• LaSalle Management Purchases Newly Completed Portland Office Property
7/20/17
Pearl West, a newly developed, 155.5k sf Class A office tower in Portland, OR, was acquired by LaSalle Investment Management. The price was not disclosed.
Completed in 2016, Pearl West is a LEED Gold-certified, mid-rise offi...
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• Sterling Real Estate Holdings Acquires 130-Unit Residential Property in Phoenix
7/20/17
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group and Pacific Real Estate Partners, has acquired Summerhill Apartments, a 130-unit multifamily property in Phoenix, for $9.3 mil ($71.5k/unit). The 197...
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• REI Inks Lease for 43k sf Flagship Store in Burbank
7/19/17
Recreational Equipment Incorporated (REI) inked a 10-year lease for 43k sf of space at Burbank Empire Center. REI will occupy the entire freestanding former Sports Authority building located at the entrance to the shopping ce...
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• Easterly Government Properties Buys 327k sf, OC Medical Office Building Fully Leased to the VA
7/18/17
Easterly Government Properties has acquired a three-story, 327.6k sf Class A medical office building in Loma Linda. Although we don’t have the sale price, we can tell you the purchase was financed with a loan of $127.5 mil.
...
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• Wilshire Blvd Replaces Yellow Brick Road in Cypress Equity Investments’ Version of Aahs Story
7/17/17
Cypress Equity Investments recently purchased a two-story, 11.7k sf building on Wilshire Blvd at the eastern edge of Santa Monica. The property is occupied by Aahs, a popular gift/novelty store with six locations in Los Angel...
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• Remington Nevada Secures $36 Mil Financing for Completion of Las Vegas Retail Center
7/14/17
Remington Nevada has secured a $36.7 mil loan to refinance the existing debt and finance the remaining construction on its 101k sf Mountains Edge Marketplace retail project in southwest Las Vegas. The new financing, consistin...
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• Alcion Ventures Refis Culver City Creative Office Campus
7/13/17
Alcion Ventures has obtained $60 mil in refi money for bLAckwelder, a 157.6k sf, creative office campus located at the intersection of Fairfax Ave and La Cienega Blvd in Los Angeles, at the border with Culver City.
Renovated...
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• RAF Pacifica Group Underway with Over 500k sf of Creative Industrial Space in North San Diego County
7/12/17
RAF Pacifica Group has broken ground on three ground-up creative industrial developments totaling $110 mil in North County San Diego. The developments encompass over half a million square feet of high-quality creative industr...
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• Investor Spends $32.5 Mil on 236 Res Units in Modesto
7/10/17
A SoCal investor has paid $32.57 mil for two multifamily communities totaling 236 units ($138k/unit) in Modesto. The acquisition consists of The Commons Apartment Homes, a 100-unit community on Standiford Ave, and Summerview ...
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• TX Medical Office Asset Trades for $9.2 Mil
7/07/17
SG Property Service has acquired MacArthur Medical Plaza, a 41.6k sf medical office asset in Irving, TX, for $9.2 mil ($221/sf), via an affiliated entity. The purchase represents 67% of a condominium association.
The 12-acr...
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• Downtown LA Development Site Sells for $795/sf
7/06/17
A foreign investor paid $26.5 mil for a multifamily development site in downtown Los Angeles. The property is entitled for a 24-story, 241-unit condo project that includes retail. The site sold for $795 per square foot.
The...
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