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• CBRE Arranges $11.65 Mil for Purchase of Silicon Valley Office Property
4/11/16
CBRE Capital Markets’ Debt & Structured Finance team has secured $11.65 mil in non-recourse financing for the acquisition of a single-tenant office building located in the Moffett Park business area of Sunnyvale. CBRE’s Trent...
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• Heslin Holdings Wraps Up a Busy First Quarter 2016
4/08/16
Heslin Holdings Inc completed a number of transactions during the first quarter of 2016. These deals included: the acquisition of a retail center in Tigard, OR; the acquisition of a multi-tenant industrial property in Fontana...
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• AZ Multifamily Comp Comes in at $59k/Unit
4/08/16
In a recent multifamily sales comp from Glendale, AZ, a Phoenix-based investor paid $15.35 mil for Sonoma Terrace, a 260-unit ($59k/unit), Class B property. Built in 1979, the property is located at 5220 W. Northern Ave.
Son...
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• Majestic Realty Breaks Ground on 300k sf Spec Industrial Building at OR Biz Campus
4/07/16
Majestic Realty Co just broke ground on its latest industrial building at Majestic Brookwood Business Park in Hillsboro. The planned 303k sf industrial warehouse property represents the largest speculative property to ever be...
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• Avison Young Acquires The GPE Companies in Phoenix
4/05/16
Real estate services firm Avison Young has acquired Phoenix, AZ-based GPE Management Services LLC and GPE Commercial Advisors LLC, entities doing business as The GPE Companies. The acquisition represents Avison Young’s first ...
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• InvenTrust Properties Corp Buys 538k sf TX Retail Center
4/05/16
Oakbrook, IL-based InvenTrust Properties Corp purchased The Shops at the Galleria, a fully occupied, 537.7k sf regional Power Center in Bee Cave, TX, outside of Austin. The asset was sold by Christopher Commercial Inc.
The ...
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• Commercial Real Estate Financing Briefs
4/05/16
NORTHMARQ CAPITAL - Eric Flyckt of NorthMarq Capital secured a $31.5 mil, acquisition loan for an institutional-quality office building located along the I-15 corridor in San Diego. The three-story, Class A building is locate...
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• Draftsmen & Craftsmen
4/04/16
Work has been completed on a five-story, 80-unit senior housing project in Palos Verdes. The development was built by Bernards for Sunrise Senior Living, a provider of high-quality assisted living and memory care services.
...
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• Four-Property Industrial Portfolio in San Diego Sells
4/01/16
RAF Pacifica Group and Stos Partners have purchased a 12-building, multi-tenant industrial/flex portfolio in San Diego. The four-project portfolio totaling 191.9k sf of space, includes Carroll Way Industrial Park, Sorrento Me...
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• Vacant Land Parcel in Belmont Acquired for Hotel Project
3/31/16
A vacant, 3.34-acre parcel in the Bay Area city of Belmont was purchased by OTO Development for the development of a 170-room, four-story moderate service hotel. The site, which is located at 1401 Shoreway Rd in the master-pl...
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• Three-Building Arizona Medical Office Campus Sells
3/30/16
In a recent medical office buy in Arizona, a joint venture of Cypress West Partners and MedProperties Holdings LLC has purchased Mountain View Medical Plaza, a three-building, 72.9k sf campus in Scottsdale. The asset, located...
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• HFF Arranges $50 Mil for Silicon Valley Hotel Project
3/29/16
Holliday Fenoglio Fowler, L.P. has secured $49.85 mil in first lien construction financing for the development of the 204-room Residence Inn by Marriott Silicon Valley in the San Francisco Bay Area community of San Carlos. Th...
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• Draftsmen & Craftsmen
3/25/16
San Diego-based Smith Consulting Architects has completed the site planning, shell redesign and interior design for the new Petco San Diego National Support Center. The project is located at 10850 Via Frontera in the Rancho B...
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• New York Firm Closes First Bay Area Real Estate Buy
3/24/16
JOSS Realty Partners, out of New York, closed on its first acquisition in the Bay Area, purchasing Napa Square, a 65.8k sf mixed-use asset in Napa. The property was sold by CDI Companies in a deal reported to be worth just ov...
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• Two-Property AZ Retail Offering Sells for $13.8 Mil
3/23/16
A 40k sf, two-property portfolio in Tempe, AZ sold for $13.8 mil, or $345/sf. The properties, located at 420 and 501 S. Mill Ave in the city’s downtown, were acquired by a San Francisco-based private investor who completed th...
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• Co-Working Spaces Can Be More Cost-Effective than Traditional Leases in Pricier Gateway Markets
3/18/16
Shared workplaces can be feasible and cost-effective alternatives to traditional office leases—even for larger occupiers, and especially in costly metro areas such as New York, San Francisco, Los Angeles and Boston, according...
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• Lake Elsinore Industrial Project Under Construction
3/17/16
Construction is underway on Big Yards Industrial Park at Lake Elsinore, a 162.9k sf industrial park in Lake Elsinore. The project marks the first new ground-up industrial development in the Temecula Valley in eight years.
B...
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• Colorado Biz Campus Trades for $7.5 Mil
3/16/16
Garrison Business Park, a 49k sf, flex/industrial property in Lakewood, CO, sold for $7.5 mil, or $153/sf. The property was purchased by CAM Lakewood LLC. It was 100% leased at the time of sale, with tenants including Pinkard...
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• Ridge Development to Start Construction on 1.6 msf TX Industrial Project
3/15/16
Ridge Development plans to break ground in the second quarter of 2016 on Park 20/360, a spec, 1.6 msf industrial park at the northwest corner of I-20 and State Highway 360 in Arlington, TX. The 119-acre project is owned by a ...
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• Three Multi-Tenant Office Properties in Downtown Portland’s Old Town/China Town Submarket Trade
3/14/16
Swift Real Estate Partners recently picked up three multi-tenant office properties in downtown Portland’s burgeoning Old Town/China Town submarket. The properties are: the office building referred to as the Merchant Hotel; th...
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