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• New Mexico Hotel Property Trades Hands in $4.35 Mil Sale
4/13/17
Ramada Las Cruces Hotel & Conference Center, a 114-room hospitality property located in Las Cruces, NM, sold for $4.35 mil ($38.2k/room). The property is located at 201 East University Ave, adjacent to Las Cruces Convention ...
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• Pacific Cataract and Laser Institute Pays $400/sf for Office Property in Bellevue, WA
4/12/17
Pacific Cataract and Laser Institute (PCLI) has purchased the Sweeney Conrad Building, a 33.2k sf, Class A office building in Bellevue, WA, for $13.5 mil ($407/sf). Sweeney Conrad, a locally-owned, certified public accounting...
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• Rockefeller Group to Begin work on 1.45 msf Spec Industrial Project in Perris
4/11/17
Rockefeller Group has acquired 68 acres of industrial land in the Inland Empire city of Perris, with plans for a new industrial development to be called Optimus Logistics Center. The company will begin construction on the pr...
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• Commercial Real Estate Financing Briefs
4/07/17
WALKER & DUNLOP -- Walker & Dunlop Inc arranged bridge loans totaling $99.7 mil for the acquisition of a portfolio of Class B res properties totaling 1,795 units in Texas. The properties feature various amenities including po...
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• ScanlanKemperBard Companies Recapitalizes Historic Office Building in Portland
4/06/17
ScanlanKemperBard Companies (SKB) recently completed a $53 mil disposition and recapitalization of the American Bank Building, a historic office building in Portland’s central business district. The transaction, which was ar...
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• Trio of AZ Self-Storage Properties Fetch $8.6 Mil
4/06/17
Business Property Trust has sold three self-storage facilities in Tempe, AZ for $8.6 mil. The three properties include: AA Bargain I & II Self-Storage Portfolio at 1700 E. Curry Road and 816 N. Scottsdale Road, and Tempe Bar...
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• EverWest Real Estate Partners and Independencia Asset Management Team Up in 262k sf Utah Office Buy
4/05/17
In a recent office sale out of Utah, a joint venture between EverWest Real Estate Partners and Independencia Asset Management has purchased South Towne Corporate Center, a two-building, Class A property totaling 262.2k sf in ...
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• Meta Housing Corp’s Latest Development Adds 40 Units of Affordable Housing to East Hollywood
4/05/17
Meta Housing Corporation has completed work on 5400 Hollywood Family Apartments, a 40-unit, mixed-use affordable apartment community in the heart of East Hollywood. The five-story apartment community, developed at a cost of ...
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• Hines Acquires 2.2 msf Underwood Distribution Center in LaPorte, TX
4/03/17
Hines has acquired Underwood Distribution Center, a Class A industrial park located in the heart of the Southeast submarket near the Port of Houston in LaPorte, TX, from BlackRock. Financials on the deal were not disclosed.
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• Continental Partners Arranges $54 Mil in Refinancing for the Ritz Carlton Rancho Mirage
4/03/17
Continental Partners has secured $54 mil in fixed-rate, non-recourse, interest-only refinancing for the Ritz-Carlton Rancho Mirage, a 244-room luxury resort in the Inland Empire city of Rancho Mirage. The property is located ...
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• Historic Woolworth Building in Downtown Glendale Lands Trio of New Tenants
3/31/17
There have been three leases to report at the newly renovated historic Woolworth building in the heart of downtown Glendale. The leases total 18.6k sf and include two ground-floor restaurant tenants, 85°C Bakery Cafe and The ...
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• Commercial Real Estate Financing Briefs
3/30/17
SONNENBLICK-EICHNER COMPANY -- Sonnenblick-Eichner Company has arranged $28.125 mil in first mortgage debt from a money center bank to refinance a portfolio of single-tenant ShopKo stores located in Bend, Eugene and Salem, OR...
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• Newcastle Partners Finishes Work on 147k sf Industrial Facility
3/29/17
Newcastle Partners Inc recently wrapped up construction of Knox Logistics Center, a 147k sf industrial building in Moreno Valley. Valued at approximately $14 mil, the property is located at 17610 Harvill Ave, north of Harley ...
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• Work Commences on Los Angeles LGBT Center’s new Anita May Rosenstein Campus
3/27/17
Work has just started at the Los Angeles LGBT Center’s new Anita May Rosenstein Campus, located at 1116 N. McCadden Place, off Santa Monica Blvd in Los Angeles.
Slated for opening in early 2019, the revolutionary new campus...
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• Rockies Lodging Capital Buys Two CO Hotel Properties
3/27/17
Colorado-based Rockies Lodging Capital has purchased a 113-room Residence Inn and 112-room Courtyard located at 1127 and 1200 Oakridge Drive in Fort Collins, CO. The price was not disclosed.
These strategically located Marri...
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• Investor Pays $17.5 Mil for Phoenix Multifamily Asset
3/23/17
Clarendon Park, a 138-unit apartment community in Phoenix, traded hands in a recent sale worth $17.5 mil, or $127k/unit. The property, located at 222 W. Clarendon Ave, was acquired by Phoenix-based Rincon Partners LLC.
Buil...
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• $9 Mil Renovation Completed at Chula Vista Retail Center
3/23/17
Brixton Capital has completed work on its newly revamped Gateway Marketplace, a 109.2k sf retail center in Chula Vista. The center sits on 8.8 acres at Fourth Avenue and C St. San Diego-based SCA Architecture handled the plan...
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• Commercial Real Estate Financing Briefs
3/22/17
HUNT MORTGAGE GROUP – Chris Warren with Hunt Mortgage Group arranged an $11.6 mil Fannie Mae loan to facilitate the acquisition of a multifamily property located in Houston, TX. The property, Oaks of Ashford Apartments is a g...
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• Daly City Site Acquired for Development of High-Density Housing
3/21/17
In development news out of the Bay Area, AMG Development picked up a 1.15-acre, vacant parcel located in Daly City on which they plan to construct a 206-unit, seven-story high density residential project. The site, which is l...
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• NSB Developing Creative Office Project in El Segundo
3/20/17
SoCal-based NSB Associates is developing Ascend, a stand-alone, 80k sf creative office building designed by legendary architect Frank Gehry. Located at the Utah Avenue Campus in El Segundo, the building is expected to be avai...
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