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• Santa Maria Res PropertyTrades in Recent Investment Buy
3/13/15
Carmen Apartments, a 128-unit apartment complex in Santa Maria, sold for $15.65 mil ($122.3k/unit) in a recent investment buy. The garden-style apartment complex is located at 201 Carmen Lane, west of Broadway and north of Be...
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• Huntington Industrial Partners and Artemis Real Estate Partners Begin Work on 350k sf, Dallas-Area Industrial Project
3/11/15
Denver-based Huntington Industrial Partners and Artemis Real Estate Partners, a Washington, D.C. metropolitan area-based real estate investment manager, have begun construction on DFW Airport North Distribution Center II, an ...
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• OC Firm Buys WA Biz Park
3/10/15
Lakewood 512 Business Park, a six-building industrial/flex property totaling 136.5k sf in Lakewood, WA, traded hands at a price of $9.9 mil, or $72.5/sf. Built in phases from 1978 to 1981, the property is located at 10111 Sou...
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• Allen Matkins a Winner of AT&T's Annual Legal Department Diversity Award
3/06/15
Allen Matkins received the 2015 AT&T Legal Department Diversity Award in the medium law firm category. This fourth annual award recognizes one small, medium and large firm nationally for their activities and accomplishments p...
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• Construction Finished on $456 Mil Project at La Jolla Hospital Campus
3/05/15
Construction has been completed on the new 383k sf Prebys Cardiovascular Institute and adjacent 26k sf central energy plant on the Scripps Memorial Hospital La Jolla campus, located at 9888 Genesee Ave in La Jolla.
McCarth...
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• Commercial Financing Briefs
3/04/15
NORTHMARQ CAPITAL -- James DuMars, senior vice president/managing director of NorthMarq Capital’s Phoenix based office and Michael Elmore, executive vice president/managing director of NorthMarq Capital’s Los Angeles based of...
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• LA-Area Kohl’s Sells at Record-Setting 4.8% Cap Rate
3/03/15
An 88k sf Kohl’s in the Los Angeles area just traded hands at a price of $21.95 mil, or about $249/sf. The single-tenant, NNN-leased property, which was acquired by a NoCal-based private investor in a 1031 exchange, sold for ...
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• OC Walgreens Sells for $1,162/sf
3/03/15
A 13.8k sf Walgreens drugstore in Huntington Beach sold for $16 mil in a transaction that equates to $1,162 per square foot. According to Marcus & Millichap, that is the highest price ever recorded for a California Walgreens....
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• HFF Arranges $41 Mil in Construction –to- Permanent Money for OC MOB Development
2/27/15
San Diego-based Pacific Medical Buildings (PMB) has obtained a $41.25 mil construction-to-permanent loan for The Hoag Health Center – Irvine, a to-be-built 150k sf medical office development in Irvine. The project has been ...
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• Hines and Novak Brothers Break Ground on Hotel Development in Georgetown, TX
2/25/15
Hines and its joint venture partner, Novak Brothers, have broken ground on The Sheraton Georgetown Texas Hotel and Conference Center in Georgetown, TX. Construction on the project is expected to be completed in summer 2016.
...
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• 100-Year-Old Building in Downtown LA Jewelry District Refinanced
2/25/15
Quantum Capital Partners secured $23 mil in first mortgage debt to refinance a 153k sf office building in Downtown Los Angeles’ Jewelry District. The borrower is a Los Angeles-based real estate investor operating as CJM Build...
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• Allen Distribution Leases 1.28 msf of Space from Prologis
2/24/15
Allen Distribution, a third-party logistics provider, recently inked three leases totaling 1.28 msf in the Ontario area. The buildings are owned by Prologis and located within Prologis’ West Inland Empire portfolio of propert...
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• Investors Spend Nearly $10 Mil on Two AZ Retail Buys
2/24/15
Two multi-tenant retail centers in Gilbert, AZ, a submarket of Phoenix, sold for a combined transaction value of $9.86 mil. The properties, totaling 68.2k sf ($145/sf) in size, were sold by affiliates of LNR Partners.
One of...
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• ViaWest Group Picks Up 50k sf AZ Office Property
2/23/15
ViaWest Group has boosted its portfolio with the recent purchase of a 49.5k sf multi-tenant office building in Tempe, AZ. The property, ConneXion (previously referred to as Transamerica Research Center), is located at 7855 S....
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• Houston-Area Residential Community Trades Hands
2/20/15
Hartford Park Apartment Homes, a 328-unit multifamily community located four miles from the Energy Corridor in Houston’s Westchase District, was purchased by Omninet Capital. The terms of the sale were not released.
B...
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• Wood Partners Breaks Ground on Dallas Res Development
2/19/15
In residential development news out of Dallas, TX, Wood Partners LLC has broken ground on Alta Yorktown, a six-acre, 226-unit multifamily rental community one mile west of the city’s downtown. Next to the hip new Trinity Grov...
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• Alhambra Developer Buys 344 Res Lots at Lake Las Vegas
2/18/15
Here’s news of a sizable residential land buy in the Vegas area, as Alhambra-based developer RY Properties and its investment partners purchased 344 partially improved lots on 127 acres at the former site of The Falls Golf Co...
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• Phillips Edison & Company Collects Over $38 Mil from Sales of Seven Retail Properties
2/18/15
Phillips Edison & Company, an institutional investment firm that owns more than 36 msf of retail properties across the US, recently sold seven properties totaling more than 800k sf of space in deals worth a combined $38.3 mil...
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• Landmark One Santa Fe Development in Downtown LA is 55% Leased
2/12/15
Since opening in September, 2014, activity at the One Santa Fe mixed-use community in downtown Los Angeles has included over 260 lease signings and over 240 residences occupied, bringing the project to 55% leased. Designed by...
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• ViaWest Pays $6.3 Mil for 95k sf of Phoenix Industrial Space
2/11/15
ViaWest Group recently picked up two multi-tenant industrial buildings, totaling 95.1k sf, in Phoenix for $6.3 mil ($66/sf). The buildings, located at 2950 E. Broadway Rd, are part of the Broadway Crossing industrial park.
C...
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