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• TMG Partners Planning to Redevelop San Francisco Medical Property into Residential Housing
3/20/17
Big plans await the California Pacific Medical Center (CPMC) Sutter Health campus site in San Francisco, as TMG Partners submitted a Preliminary Project Application and Environmental Evaluation for a proposed residential proj...
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• Vegas Multifamily Property Sells for $113k/Unit
3/17/17
Conejo Villas Apartment Homes, a 252-unit multifamily property in Las Vegas, traded hands for $28.5 mil, or $113k/unit. The property is located at 5060 W. Hacienda Ave, just west of Decatur Blvd.
Built in 1999, Conejo Villas...
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• New 221k sf Industrial Development Completed in Jurupa Valley
3/16/17
Galena Business Park, a new $13.3 mil industrial office park in the Inland Empire’s Jurupa Valley, has just been completed. Located at the corner of Galena St and Troy Ct, Galena Business Park consists of five high-bay indust...
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• Trojan Storage Spends $6.6 Mil on Burbank Property for Conversion to Self-Storage
3/15/17
Trojan Storage recently purchased a 40k sf industrial building on approximately 1.5 acres of land in Burbank with plans to convert the property into a self-storage facility. The firm paid $6.6 mil for the land, located at 101...
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• Draftsmen & Craftsmen
3/14/17
Shea Properties recently saw construction wrap up on its new Shea Center Carlsbad, a 114.5k sf, Class A industrial development in Carlsbad. The project is located at 6131-6133 Innovation Way, within the exclusive master-plann...
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• Stockdale Capital Partners Pays $23.5 Mil for OR Office Complex
3/14/17
Stockdale Capital Partners paid $23.5 mil for Gresham Station Medical Plaza, a 100.4k sf ($234/sf), four-building medical office complex in the suburban Portland community of Gresham, OR. The asset was sold by Westlake Realty...
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• Greystone Arranges $37 Mil in Fannie Mae Refi Money on TX res Community
3/13/17
Southlake, TX-based Integrated Real Estate Group recently obtained $37 mil in Fannie Mae DUS® refinancing on Enclave at Westport, a 339-unit, Class A multifamily community in the Dallas / Fort Worth Metroplex area. The proper...
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• Mission Capital Advisors Arranges $20 Mil on San Diego Area Hotel Asset
3/13/17
Mission Capital Advisors arranged a $20.75 mil ramp loan for the Hotel Karlan, a 174-key, soft-branded DoubleTree by Hilton in northern San Diego. The property is located at 14455 Penasquitos Dr, within the Carmel Mountain Ra...
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• Walker & Dunlop Arranges $75 Mil in Freddie Mac Money on Four Res Properties
3/10/17
Walker & Dunlop Inc structured loans totaling $75.6 mil with Freddie Mac for four multifamily properties located in AZ and TX. The assets are all Class B, garden-style apartment complexes.
The portfolio’s four loans were str...
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• 63-Property Portfolio Trades in $127 Mil Deal
3/09/17
Sansome Pacific and the Fortress Investment Group closed on the acquisition of a 63-property retail portfolio for $127 mil. The assets, sold by Zurich Alternative Asset Management, are spread across 15 states.
The proper...
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• Sonnenblick-Eichner Company Arranges $41 Mil on Portland Hotel
3/08/17
Sonnenblick-Eichner Company has arranged $41 mil of first mortgage financing for Hotel Eastlund, located in Portland, OR. The financing was a non-recourse, 10-year fixed rate loan provided by an international money center ban...
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• Local Investor Picks Up Full City Block on San Diego’s Coronado Island
3/08/17
Local real estate company Kleege Enterprises has acquired a full city block on San Diego’s Coronado Island in a recent $22 mil transaction. The land is known as the Coronado Island Assemblage.
Coronado Island Assemblage sits...
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• BKM Capital Partners Picks Up 227k sf Phoenix Biz Park
3/07/17
BKM Capital Partners recently acquired Northwest Business Center, an 11-building, 227.6k sf multi-tenant light industrial business park in Phoenix, for $17.2 mil ($75/sf). Northwest Business Center is located at 2310-2440 Wes...
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• $30 Mil Marina del Rey Res Project Completed
3/06/17
R3, a $30 mil, loft-style project in Marina del Rey consisting of 67 coastal contemporary apartments and more than 5k sf of creative office space, was just completed. The project, located at 4091 Redwood Ave, just south of Wa...
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• Hines Signs Two at Office Building in Denver’s LoDo Neighborhood
3/03/17
We’ve got two new leases to report at 1601 Wewatta, a Class A, 300k sf office building located in the Union Station Neighborhood of Lower Downtown (LoDo) Denver. The asset is owned by Hines, Jordon Perlmutter & Co. and instit...
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• CBRE Announces 2017 Winners of Global Urban Photography Competition
3/03/17
Moin Ahmed, from Bangladesh, has been named as the winner of CBRE Group, Inc.’s Urban Photographer of the Year competition. Ahmed’s image, “The Man’s Stare,” captures the entrancing visage of a train rider during a rainy day ...
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• Phoenix Industrial Asset Trades in $4.75 Mil Deal
3/02/17
A 36.9k sf, industrial property in Phoenix sold for $4.75 mil, or $129/sf. The property, located at 1733 W. Parkside Lane, east of I-17 and north of Hwy 101, was acquired by Los Angeles-based West End Hotel LLC.
The single-t...
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• BroadSoft Leases 33k sf of Office Space at Santana Row
3/01/17
Here’s the latest news from Federal Realty Investment Trust’s Santana Row mixed-use/office campus in San Jose. Santana Row amenities encompasses 50 shops, 30 restaurants, a 215-room boutique hotel offering extensive full serv...
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• Riva Ridge Development Invests $26 Mil in Acquisition of Phoenix Office Asset
2/27/17
Houston-based Riva Ridge Development purchased CBIZ Plaza, a 266.2k sf office property in Phoenix, for $26 mil. Located at 3101 and 3111 N. Central Ave, the asset was 78% occupied at the time of the sale.
CBIZ Plaza consists...
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• Barbara Armendariz Launches Boutique Real Estate Services Firm with Kevin Herron
2/27/17
A new, boutique real estate services firm for the retail and industrial property sectors has been launched. The company, SharpLine, is led by President and Founder, Barbara Armendariz, who previously served as a vice presiden...
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