| Hill Properties Acquires San Diego Area Biz Campus with Immediate Value-Add Opportunity
Futura Business Park, a three-building multi-tenant office property totaling 51.2k sf in the Kearny Mesa submarket of San Diego, sold for $11.2 mil ($219/sf). The buyer was Hill Properties, out of La Jolla.
Located at 9445, ...
| Phoenix Office Park Acquired for $10.75 Mil
Black Canyon Commerce Park, a three-building, 181.6k sf multi-tenant office park in metro Phoenix’s I-17 Corridor, sold for $10.75 mil ($59/sf). The buyer is Next Gen Black Canyon LLC, an entity controlled by Helix Properties...
| Light Industrial Project Breaks Ground in North Las Vegas
Construction has started on Matter Logistics Center @ West Cheyenne, a five-building, 725k sf light industrial and warehouse project in North Las Vegas. The $70 mil, master-planned project, a development of Matter Real Estate...
| Excelsa Properties Venture with Goldcor Capital Partners Acquires 392-Unit TX Asset
Excelsa Properties, in a joint venture with Goldcor Capital Partners, has acquired Bayou Parc at Oak Forest, a 392-unit, multifamily community in Houston, TX. The acquisition comes approximately six months after Excelsa Prope...
| Riverside Industrial Park Trades in Deals Worth $30 Mil
Mira Loma Industrial Center South, a 172.9k sf industrial business park in Riverside County’s Jurupa Valley, has sold for nearly $30 mil, or about $173.50/sf, in five separate deals with different buyers. The project, located...
| Exchange Investor Spends Over $10 Mil on 53k sf Biz Park in Rancho Dominguez
A 1031 exchange investor paid $10.45 mil for Laurel Park Commerce Center, a fully occupied, 53k sf ($197/sf) business park in Rancho Dominguez, within southwest L.A. County. The property was sold by PRG Investment & Managemen...
| Two Sacramento Area Shopping Centers Trade Hands in Deals Totaling $24.6 Mil
Two shopping centers in the Sacramento area sold for a total consideration of $24.6 mil. The assets -- Currier Square Shopping Center in Oroville and Crossroads Shopping Center in Auburn -- were sold by Community Centers of A...
| Government Leased Building in the Sacramento Area Sells for almost $400/sf
A 17.5k sf, single-tenant office building in the Sacramento suburb of El Dorado Hills sold for $6.75 mil, or $386/sf. The government building, located at 5152 Hillsdale Circle, was constructed as a build-to-suit for the U.S. ...
| Titanium Elite Inc Buys Inland Empire Hotel Property
Titanium Elite Inc has purchased SpringHill Suites by Marriott Corona Riverside, a 130-suite, select-service hotel in the Inland Empire city of Corona. The price was not disclosed.
Originally completed in 2009, SpringHill Su...
| Kidder Mathews Awarded 2.9 msf Industrial Portfolio Management Assignment
Investment management advisor, BentallGreenOak, has selected Kidder Mathews to manage a 13-building industrial portfolio consisting of a combined 2.9 msf of space in Portland, OR.
The assets are part of the five-building, 2....
| DoubleTree by Hilton Hotel Salem, Oregon Gets New Owner
BHG Hotels purchased the DoubleTree by Hilton Hotel Salem, Oregon, an 80-room, full-service, Hilton-branded hotel in Salem, OR. The asset was sold by an institutional seller.
DoubleTree by Hilton Hotel Salem, Oregon features...
| Investor Exchanges into $13.5 Mil Medical Office Facility in San Jose
Forest Surgery Center, a 19.7k sf, state-of-the-art medical office facility in San Jose, sold for $13.5 mil, or $685/sf. The purchase was part of a 1031 exchange that enabled the buyer to transition from long-term ownership i...
| Oceanside Hotel Lands $20 Mil Refi
The SpringHill Suites by Marriott San Diego Oceanside/Downtown, a 149-room hotel in downtown Oceanside, has been refinanced with a new loan for $20.7 mil. Built in 2014, the all-suite, LEED-certified Silver, select-service ho...
| $17 Mil Buys Phoenix Office Building
Arcadia Gateway Center, a four-story, 90.2k sf Class A multi-tenant office building in Phoenix, sold for $17.25 mil ($191/sf). The property is located at 4222 E. Thomas Rd, east of Hwy 51 and north of Hwy 202.
| Community Preservation Partners Rehabilitates Two Affordable Housing Projects Totaling 98 Units in Ogden, UT
Community Preservation Partners (CPP) has completed a $14.3 mil rehabilitation of two affordable living communities in Ogden, UT. The work covered 98 multifamily units at the 58-unit Normandie Apartments and the 40-unit Osmon...
| OC Office Campus Refinanced with $56 Mil Loan
HERE, a five-building, 224k sf office campus in Laguna Hills, has been refinanced with a new $55.9 mil loan that was arranged by CBRE and funded through ARES. The multi-tenant complex, located at 23332, 23382 and 23422 Mill C...
| Plastipak Packaging Leases another 234k sf at Southern California Logistics Airport in Victorville
Plastipak Packaging Inc leased an additional 233.8k sf at Stirling Development’s Southern California Logistics Airport (SCLA). Plastipak’s new lease term is 96 months and is at an existing building that is adjacent to the 296...
| Work Started on $34 Mil Charter School Facility in Granada Hills
Granada Hills Charter has started work on a new $34 mil facility in the northern San Fernando Valley. It will be located on the school’s Devonshire site, which Granada Hills Charter purchased in 2014 and currently houses the ...
| Work Started on 167k sf Warehouse Facility in Las Vegas
Harsch Investment Properties has started development of a 167.4k sf building located at 6101 North Hollywood Blvd, within Speedway Commerce Center IV, adding to the existing 2.65 msf Speedway Commerce Center in North Las Vega...
| DTLA Office High-Rise to Undergo $20 Mil Renovation
KBS has begun work on a $20 mil renovation of Union Bank Plaza (UBP) in Downtown Los Angeles. Located at 445 S. Figueroa St, UBP is a Class A office tower owned by KBS Real Estate Investment Trust II.
KBS’ renovation of UBP ...