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Revere Investments Spends $33.5 Mil on SoCal Multifamily Asset 1/20/16 Revere Investments purchased Rossmoor Manor Apartments, a 150-unit, garden-style apartment building in Los Alamitos, for $33.5 mil, or $223.3k/unit. The property, located at 11152 Wallingsford Rd, south of Katella Ave and eas...
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Real Capital Markets Handled Over 5,000 Commercial Property and Loan Dispositions in 2015 1/19/16 For 2015, Real Capital Markets facilitated the disposition of 5,121 commercial properties, bank REO, and loans – connecting buyers and sellers across 75 countries. To date, Real Capital Markets has had nearly 40,000 assignmen...
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Mill Creek Residential Trust Buys Portland’s Oregon Ballet Theatre Block 1/18/16 An affiliate of Mill Creek Residential Trust purchased the Oregon Ballet Theatre Block in Portland for $6.25 mil. The property, located at 818 SE 6th Ave, was sold by Oregon Ballet Theatre.
Located in Portland’s popular Cent...
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Pathfinder Partners Closes Its Opportunity Fund V 1/18/16 San Diego-based Pathfinder Partners LLC has closed Pathfinder Partners Opportunity Fund V L.P., the firm’s fifth fund focused on acquiring real estate assets in mid-tier cities throughout the western United States. The firm r...
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National City Res Complex Sells for $22 Mil 1/15/16 Harborview, a mixed-use complex in National City, sold for $22 mil. The complex consisting of 81 luxury res units and 2.8k sf of retail space, is located at 819 D Ave, south of downtown San Diego between I-5 and I-805.
Harbo...
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Tarlton Properties Adds 77k sf to Its O’Brien Drive Portfolio in Menlo Park 1/14/16 Tarlton Properties Inc has boosted their O’Brien Drive Portfolio (ODP) in Menlo Park with the recent acquisition of 77k sf of industrial/office space. The purchases include 20k sf at 1001 O’Brien Dr and 50k sf at 1320 Willow...
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Sonnenblick-Eichner Arranges $65 Mil on Two Seattle-Area Hyatt Hotels 1/13/16 Sonnenblick-Eichner Company has arranged $65.2 mil of first mortgage financing for the 149-room Hyatt House Seattle/Redmond and the 160-room Hyatt House Seattle/Bellevue in Washington.
The non-recourse, 10-year fixed-rate fi...
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Strategic Storage Growth Trust Spends $12 Mil on San Antonio Facility 1/13/16 Strategic Storage Growth Trust, Inc acquired a self storage facility in San Antonio, TX for approximately $12.3 mil. The facility consists of approximately 385 self-storage units and approximately 49.3k sf of storage space. ...
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Ten-X the New Game When It Comes to a Winning Online Real Estate Marketplace 1/12/16 Auction.com has rebranded as Ten-X, marking the company’s transition into an online marketplace where buyers, sellers, and the agents and brokers who represent them can easily and efficiently buy and sell high quality residen...
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Mixed-Use Project in Portland’s Pearl District to Contain 136 Res Units and 5k sf of Retail 1/12/16 Urban Asset Advisors has obtained a $41.6 mil construction loan to build Couch 9, a residential/retail development in Portland’s desirable Pearl District. The Class A project will consist of 136 residential units along with 5...
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Argentina-Based Buyer Spends $25 Mil on TX Shopping Center 1/11/16 An Argentina-based private real estate holding company closed on a $25.1 mil Houston retail acquisition. The property is Westgate Market, a fully occupied, 80.7k sf shopping center that was sold by a Los Angeles-based private...
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Washington Multifamily Asset Purchased for $55 Mil 1/11/16 Green Leaf Capital Partners purchased The Pointe, a 387-unit, garden-style multi-housing property in Vancouver, WA. The asset was acquired from an affiliate of Kennedy Wilson for $55 mil ($142k/unit), free and clear of existi...
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New York Life Ends 2015 with OC Office Buy 1/08/16 In a recent OC office buy, New York Life Real Estate Investors purchased 18201 Von Karman, a 229k sf, 11-story Class A building in Irvine. The asset was sold by American Realty Advisors.
The property is located south of the...
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Donahue Schriber Picks Up 195k sf Retail Center in the East Bay 1/08/16 Donahue Schriber Realty Group acquired Alamo Plaza, a 195.1k sf shopping center in Alamo, CA. The Safeway-anchored center was purchased from Invesco Advisors Inc. The price was not disclosed.
Alamo PLaza is located at the n...
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KBS Strategic Opportunity REIT II Buys 60k sf Vegas Area Office Property 1/07/16 KBS Strategic Opportunity REIT II has acquired a 59.8k sf, Class A office property in Henderson, NV for $13.4 mil ($224/sf). The building, located at 2200 Paseo Verde, is the only traditional office property located at The Di...
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LA Investment Group Completes $10.5 Mil Vegas Retail Buy 1/06/16 Sahara Durango Retail Shopping Center, a 45k sf, neighborhood shopping center in Las Vegas, traded hands in a recent $10.55 mil ($234/sf) deal. The property, located on 4.4 acres at 8485 W. Sahara Ave in Vegas’ Spring Valley ...
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Master-Planned Res Community in Mesa, AZ About to Break Ground 1/04/16 Harvard Investments, The Hill Companies and GTIS Partners LP are about to break ground on Cadence at Gateway, a new master-planned residential community in Mesa, Arizona’s expanding Gateway corridor. Located near the Loop 20...
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Newmark Realty Capital Arranges Refi on Historic Petaluma Property 12/31/15 Newmark Realty Capital has arranged $3.8 mil in refi money for the McNear Building, a 43.5k sf, multi-tenant mixed-use property in the NoCal city of Petaluma. The property is situated on approximately 0.48 acres in the heart ...
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AIR’s Popular Market Review & Forecast for Greater L.A. Metro to Be Held January 27, 2016 12/29/15 AIR Commercial Real Estate Association will host its 23rd Annual Real Estate “Market Review & Forecast” on Jan. 27, 2016 in downtown Los Angeles. As always, this popular yearly event will feature a blue ribbon panel format of...
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Continental Funding Group Arranges Over $10.5 Mil on Four Multifamily Assets for a Single Borrower 12/29/15 Continental Funding Group (CFG) has arranged financing on four multifamily assets located in Los Angeles and San Diego Counties on behalf of a SoCal-based private investor. The transactions were arranged by Managing Director ...
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