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• Walker & Dunlop Structures $49 Mil in Three Freddie Mac Loans on Utah Student Housing Properties
8/22/16
Walker & Dunlop Inc recently structured three loans totaling $48.75 mil on Utah student housing facilities utilizing Freddie Mac financing. The loans were for The Lodges at Glenwood, Raintree Commons, and Cambridge Court, all...
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• Kenson Ventures Picks Up Palo Alto Development Site
8/18/16
Kenson Ventures purchased 2555 Park Boulevard, a fully entitled 14.4k sf development site in Palo Alto. With the potential to build up to 29.3k sf of Class A office, the site represents one of only a few new developments in P...
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• Legacy Partners and The Resmark Companies to Develop 168-Unit Res Project in San Diego’s Marina District
8/18/16
Legacy Partners and The Resmark Companies have teamed up to build a 168-unit res project in the highly desirable Marina District of downtown San Diego. Located at 372 4th Ave, adjacent to San Diego Bay, the five-story residen...
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• CIM Group Starts Work on 34-Story Res Tower in Downtown LA
8/17/16
CIM Group has commenced construction of a 34-story apartment tower with 6k sf of ground floor retail space and a public pocket park at 888 S. Hope St in downtown Los Angeles. The building is rising at the corner of 9th St an...
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• Commercial Real Estate Financing Briefs
8/16/16
PACIFIC SOUTHWEST REALTY SERVICES - El Segundo-based Cardinal Investments has obtained $20.5 mil in financing for a three-property, mixed-use portfolio in situated in the commercial core of downtown Manhattan Beach, just step...
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• New $35 Mil Ladera Ranch Facility to Serve as HQ for SmartStop Self-Storage
8/12/16
The new, $35 mil SmartStop headquarters facility in Ladera Ranch has been completed. The state-of-the-art, mixed-use complex is 120k sf in size. It contains the Ladera Sports Center, a 63k sf gymnasium, a 42k sf self-storage ...
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• Draftsmen & Craftsmen
8/11/16
Work has been completed on Crafton Center, a new two-story, 46.5k sf student services facility at the San Bernardino Community College District’s Crafton Hills College in Yucaipa. The project was built by LA-based Bernards o...
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• Merlone Geier Partners Undertakes Major Renovation and Rebranding of Laguna Hills Mall
8/11/16
Construction has started on Five Lagunas, a project that includes the rebranding and renovation of the Laguna Hills Mall in Laguna Hills. The center’s rebranding to Five Lagunas pays homage to the five towns situated in close...
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• Parameter Realty Partners Refinances TX and VA Office Portfolio with $120 Mil Loan
8/09/16
Parmenter Realty Partners has obtained $120.5 mil in bridge financing for a three-property portfolio encompassing five office buildings in Irving, Texas, and Richmond, Virginia.
The properties in the portfolio include:
• L...
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• Denver Affordable Housing Property Sells for $20.5 Mil
8/05/16
Hamilton Zanze Real Estate Investments recently closed on an affordable housing acquisition in Colorado, paying $20.5 mil for Diamond at Prospect, a 140-unit ($146.4k/unit) multifamily property in Denver.
Security Properties...
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• Phase I of 500k sf CO Lifestyle Center is Complete
8/05/16
Development has been completed on Phase I of the Village at the Peaks, a 500k sf lifestyle center in Longmont, CO. The $90 mil project, a development of NewMark Merrill Companies, is on the site of the former Twin Peaks Mall,...
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• Cypress West Partners Acquires 62k sf Medical Office Building in Modesto
8/04/16
Cypress West Partners, has has acquired the McHenry Medical Building, a 62k sf, multi-tenant medical office building in Modesto, for $9.45 mil, or $152/sf. Cypress West acquired the property under a ground lease with the hosp...
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• Beverly Hills Investment Firm Spends $16 Mil on Nevada Retail Portfolio
8/04/16
A six-property retail portfolio in Henderson, NV was purchased by Beverly Hills-based 3D Investments LLC for $16.2 mil. The properties, known as the Eastern Marketplace Portfolio, were sold by Las Vegas-based Eastern Marketpl...
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• Rand Sperry Launches New Broker-Oriented Real Estate Services Franchise
8/04/16
Rand Sperry has launched Sperry Commercial Global Affiliates LLC, a full-service commercial real estate franchise providing investment sales, leasing, and management services. Sperry, who serves as CEO, will leverage his deca...
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• National Storage Affiliates Buys Portfolio of 22 Properties in California
8/03/16
National Storage Affiliates, a Colorado-based real estate investment trust, has acquired a portfolio of 22 self-storage properties, totaling 1.6 msf of space, in California. The price was not disclosed.
The Extra Space Stora...
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• Premier Business Centers Adds New AZ Location in Paradise Valley
8/01/16
Irvine-based Premier Business Centers® will be expanding its presence in Arizona with the addition of a new executive office suites location in Paradise Valley. The firm’s latest center is at 11201 N. Tatum Blvd, within the S...
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• Commercial Real Estate Financing Briefs
8/01/16
GEORGE SMITH PARTNERS – Gary Mozer, Katie Rodd, Michael Anderson-Mitterling, Kyle Howerton and Nick Rogers of George Smith Partners arranged a $9.3 mil, non-recourse refi loan on a 70k sf Bay Area multi-tenant retail property...
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• Alex Kozakov and Patrick Wade Promoted to Senior Vice Presidents at CBRE Group
7/29/16
Alex Kozakov and Patrick Wade, co-leaders of a retail investment property sales team in downtown Los Angeles, have been promoted to senior vice presidents with CBRE.
Kozakov and Wade joined forces in 2006 and have focused on...
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• LiquidSpace and Premier Business Centers Team Up to Provide Businesses a More Flexible Array of Creative Workspace Alternatives
7/27/16
LiquidSpace, the largest real-time network for office space, has entered into a new workspace partnership with Premier Business Centers, one of the largest, privately owned executive suite and alternative workspace companies ...
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• Black Horse Gallops into Houston Industrial Space
7/25/16
Black Horse LLC has leased 31k sf of industrial space at West by Northwest Industrial Park in Houston. Black Horse, a joint venture between Caterpillar Inc and Ariel Corp, provides well service pressure pumping products and s...
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