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Construction Finished on The Bicycle Hotel & Casino in Bell Gardens 11/20/15 Construction was just completed on The Bicycle Hotel & Casino, a 99-room, 117.9k sf boutique hotel located at 888 Bicycle Casino Drive, in the heart of Bell Gardens. The new $45 mil project features a variety of luxury amenit...
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Apartment Investor Sells Koreatown Portfolio and Exchanges into Inland Empire Portfolio 11/19/15 Two LA-area apartment portfolios totaling 537 units sold in separate deals with a combined price of $64.225 mil. One of the portfolios is in Los Angeles’ Koreatown submarket, while the other is in the Inland Empire communitie...
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Radisson Suites Buena Park Trades Hands 11/18/15 Golden Capital Venture LLC, a subsidiary of INVOBAL Corporation, has acquired the 200-room, all-suite Radisson Suites Buena Park located in the heart of the Buena Park Entertainment Zone. The property, at 7762 Beach Blvd, wes...
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Pro Moves 11/18/15 Guy Ponticello / Bruce Westwood-Booth -- CBRE Capital Markets has strengthened its Corporate Capital Markets and Net Lease Property Group in the Americas with the appointments of Guy Ponticiello as Managing Director, and Bruc...
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Bancroft Capital Completes 124k sf Colorado Office Buy 11/18/15 Bancroft Capital closed on the purchase of Sixth Avenue West, a 124.5k sf, Class A office building in Golden, CO. Located at 350 Indiana St, the property was sold by a joint venture between Diversified International Partners,...
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JLL to Acquire OC-Based Martin Potts & Associates Inc 11/17/15 Real estate services firm JLL has entered into an agreement to acquire Martin Potts & Associates Inc (MPA), a project and construction management services firm for retail, hospitality, healthcare and office properties. The tr...
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HFF Arranges $5.75 Mil Refi Loan on Idaho Hilton Garden Inn 11/16/15 HFF recently arranged $5.75 mil in senior lien financing for the Hilton Garden Inn Boise/Eagle, a 98-room, lodge-style Hilton-branded hotel on the banks of the Boise River in Eagle, Idaho. The borrower is a partnership of Joh...
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SunCoast Properties Group to Build New Country Inn & Suites at the Disney Resort 11/13/15 HFF has secured $22.85 mil in construction financing to build Country Inn & Suites at the Disney Resort, a 174-room, select-service hotel located near Disneyland® parks in Anaheim. The borrower is a development group led by S...
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Partially Completed Project on the Las Vegas Strip Offered for Sale 11/12/15 Fontainebleau Las Vegas, a partially completed hotel casino project on the Las Vegas Strip, has been listed for sale. The project represents an original investment in land and improvements of more than $2 bil.
The developme...
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New $110 Mil Patient Tower Gets Started at Henry Mayo Newhall Hospital 11/12/15 Bernards has broken ground on a new $110 mil, six-story patient tower for the Henry Mayo Newhall Hospital in the Santa Clarita Valley—about 33 miles northwest of Los Angeles. Responsible for all aspects of this design-build p...
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Custom Goods Leases 442k sf of Inland Empire Industrial Space 11/12/15 Custom Goods has agreed to a lease for 442k sf of industrial space in Rancho Cucamonga. The transaction, which enables the firm to double its warehouse and distribution capacity for its clients in the region, is at 8369 Milli...
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Commercial Financing Briefs 11/09/15 FIDENT CAPITAL – Fident Capital arranged $14 mil in joint venture equity for the acquisition, entitlement, and development of a 129-unit multifamily project in downtown San Diego’s Little Italy. The project includes 8k sf of ...
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New Medical Office Building Planned for Heights Neighborhood in Houston 11/06/15 Transwestern has been retained by local developer 927 Stude LLC to provide leasing services for Heights Central, a proposed 15k sf, medical office building in Houston. Planned for the northwest corner of Studewood and Omar st...
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Walker & Dunlop Provides $40 Mil HUD Loan on 158-Bed Care Facility in Hawaii 11/03/15 Walker & Dunlop closed a $39.7 mil loan for Plaza at Pearl City, a licensed, 158-bed care facility in Honolulu, Hawaii. Plaza at Pearl City provides independent living, assisted living, memory care and short-term respite care...
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CBRE Group Inc and Real Capital Markets Introduce CBRE Deal Flow 11/02/15 CBRE Group Inc and Real Capital Markets (RCM) have launched CBRE Deal Flow—a new online marketplace for buying and selling commercial real estate that is powered by a customized version of RCM’s technology platform.
CBRE has...
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San Francisco Industrial Property Sells for $10 Mil 11/02/15 A 17.2k sf industrial property in a desirable SOMA location in San Francisco sold for $10 mil ($581/sf). The buyer plans to add three floors of creative office space above the existing structure, along with a complete remodel...
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Spokane Office Building Sells for $12.4 Mil 10/30/15 The Red Lion Headquarters Building (RLH Building), a 100.4k sf, Class A office building in Spokane, WA, has sold for $12.4 mil ($124/sf).
Located at 201 W North River Dr, along the Spokane River’s north bank, the RLH Buildi...
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Las Vegas Office and Retail Asset Fetches Over $18 Mil 10/29/15 In a recent investment comp from Las Vegas, a 53.7k sf office and retail property changed hands at a price of $18.4 mil, or $343/sf. The property, known as Fort Apache Commons, was 100% leased at the close of escrow.
Fort Ap...
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82-Unit OR Res Property Trades Hands for $15.5 Mil 10/28/15 Pacific Urban Residential has acquired The Mark at Lake Oswego, an 82-unit, garden-style multi-housing community in Lake Oswego, OR, a southern suburb of Portland. The asset was sold by FPA MultiFamily LLC in a $15.5 mil ($18...
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Fred Sands Passes Away 10/26/15 Fred C. Sands, the visionary founder of Fred Sands Realtors and Vintage Capital Group, died unexpectedly on Friday, October 23. He was 77.
Fred Sands and California real estate were synonymous for decades. Born in New York C...
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