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• Trion Properties Wraps Up Second Portland Multifamily Buy Within Three Months
10/06/15
LA-based Trion Properties has acquired Spring Garden, a 44-unit apartment community in Portland, OR, for $4.45 mil ($101.1k/unit). The property is located at 2222 SW Spring Garden St, just south of Multnomah Blvd and adjacent...
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• Carbon3D Inks Lease for 87k sf Redwood City Facility
10/06/15
Carbon3D Inc signed a long-term lease for 87k sf in Redwood City that represents the city’s largest new industrial lease in recent history. The facility is located at 1089 Mills Way, east of Woodside Rd and adjacent to the so...
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• Prologis Buys 428k sf Industrial Facility from CapRock Partners
10/02/15
Global industrial REIT Prologis has just acquired a 428.2k sf, state-of-the-art building in Rialto from CapRock Partners. The facility, located at 1508 West Casmalia St, north of the 210 Fwy and east of I-15, was just complet...
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• Wareham Completes 110k sf Life Science Building in Berkeley
10/01/15
Wareham Development has completed 740 Heinz, the first flexible, state of the art life science building to be constructed in Berkeley since 2001. The four-story, 110k sf building, located north of Ashby Ave on the east side ...
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• City of Tustin to Enjoy a Lot More Goodwill
9/29/15
Goodwill of Orange County has leased a 154k sf warehouse building in Tustin. The two-story facility, located at 1231 Warner Ave, will serve as Goodwill’s new central distribution center, and improve retail operation efficienc...
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• San Diego Retail Asset Sells for Over $700/sf
9/29/15
Scripps Ranch Marketplace Phase II, a 28.7k sf shopping center in San Diego, was acquired for $20.45 mil ($713/sf) by a Santa Barbara-based private investor who was in a 1031 exchange. The property, located at 10549 Scripps P...
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• Vision Wheel Completes $17 Mil Reverse Exchange Transaction in the Inland Empire
9/21/15
Vision Wheel acquired a new 101.5k sf warehouse/distribution facility in Corona and also sold its former, 55.4k sf facility in Rancho Cucamonga in a “reverse exchange” transaction with a total value of $17.1 mil.
Vision Whe...
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• Zelman Development Recapitalizes 1.4 msf South Bay Biz Park
9/18/15
Zelman Development Co has recapitalized Century Business Center, a seven-building, 1.4 msf industrial manufacturing facility in Hawthorne, with $57 mil in new, senior financing money. Paul Brindley, Anthony Brent and Ryan Mar...
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• UC Berkeley Hotel to Become a Graduate
9/18/15
AJ Capital has obtained $31.5 mil in financing for the acquisition and repositioning of Hotel Durant, a hotel property in Berkeley. With the implementation of capital improvements, AJ Capital will reposition the existing hote...
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• Westwood Financial Corp Collects $14 Mil from Arizona Sale
9/17/15
Arrowhead Plaza, an 84.6k sf retail center in Glendale, AZ, was purchased for $14 mil ($166/sf) by an investor that also owns the adjacent center. Arrowhead Plaza, located at 20165 N. 67th Ave, was sold by Westwood Financial ...
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• Phillips Edison & Company Collects $13 Mil from Sales of Two Retail Assets
9/16/15
Cincinnati, OH-based institutional investment firm Phillips Edison & Company recently sold two shopping centers totaling 250k sf in the Western US in transactions with a combined value of roughly $13 mil.
In Blaine, WA, the ...
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• Wood Partners Breaks Ground on New Res Project in Downtown Phoenix
9/11/15
Wood Partners LLC has broken ground on Alta Fillmore, a 4.1-acre multifamily community in the heart of downtown Phoenix that will offer 230 units with superior amenities and high-end finishes. The project, located on Fillmore...
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• Upscale OC Hotel Property Refinanced with $21 Mil Loan
9/08/15
Grossman Company Properties has obtained $21 mil in refinancing for The Inn at Laguna Beach, a 70-room, luxury boutique hotel located along the Pacific Ocean in Laguna Beach. Timothy Wright and Scott Hall of HFF arranged the...
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• Fully Entitled, Partially Constructed Escondido Res Project Offered for Sale
9/08/15
City Plaza, a fully entitled mixed-use site in the city of Escondido, is being offered for sale. The property, entitled for 55 apartments units and 9.3k sf of commercial space, is located at 300-330 South Escondido Blvd, eas...
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• Stitch Fix Sews Up 365k sf Phoenix Industrial Facility
9/04/15
Stitch Fix recently inked a lease for a new, 365k sf distribution center in Phoenix. The facility, located on West Lower Buckeye Rd, will open in November 2015 and will help the company scale operations and better serve clien...
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• San Diego Developer Buys AZ Res Property with $27 Mil in Financing
9/02/15
Meridian Capital Group has arranged a $27 mil loan for the acquisition and renovation of Indian Springs Village, a multifamily property located in Mesa, AZ, on behalf of a San Diego-based multifamily developer.
Indian Spring...
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• Investors Close Buys of Two Bay Area Multifamily Assets
9/01/15
Two Bay Area multifamily developments totaling 90 units were purchased by private investors in separate deals. The properties, Marin Gardens and Skyline Vista Apartments, are both located within a 15-minute commute to San Fra...
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• The Bascom Group Wraps Up 157-Unit CO Res Buy
8/31/15
The Bascom Group LLC has acquired 52nd Marketplace, a 157-unit multifamily community located in rapidly improving submarket of Arvada, CO, for $21.6 mil ($138k/unit). The property, situated within the western portion of metro...
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• Triple-Net Retail Asset at Gateway to Popular CO Ski Resorts Sells for $1,500/sf
8/28/15
Silverthorne Investors LLC purchased a 100 percent-occupied, NNN 7-Eleven and Shell Gas Station along with a planned Dunkin Donuts Silverthorne, CO, a town of about 4,000 people situated roughly 65 miles west of Denver.
The...
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• Passco Buys 304-Unit TX Multifamily Asset
8/27/15
Passco Companies LLC has acquired Lone Oak Apartments, a recently completed, 304-unit multifamily community located in Round Rock, TX, a suburb of Austin. The property was sold by Abacus Capital Group in an off-market deal. T...
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