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• Bernards Lands Two New Inland Empire Community College Construction Projects
2/11/15
Bernards was recently awarded two significant community college building projects in the Inland Empire. One of the projects is the new, $21.8 mil Crafton Center at Crafton Hills College for San Bernardino Community College Di...
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• CBRE Arranges $17 Mil in Bridge Financing on Oakland Office Property
2/10/15
CBRE Capital Markets’ Debt & Structured Finance team has arranged $17.2 mil in bridge financing for Latham Square, a 15-story, 118.2k sf office building located in Oakland. CBRE’s Brad Zampa, Michael Walker and Megan Woodring...
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• Phoenix Res Complex Sells for $18 Mil
2/09/15
In an interesting Phoenix deal, Belkorp Holdings Inc has purchased Indigo, a formerly fractured condominium asset that over 24 months was transformed into a 108-unit, Class A apartment community. The asset was sold by Seattle...
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• Cushman & Wakefield Acquires Carlsbad-Based Property Tax Resources
2/03/15
Cushman & Wakefield has acquired substantially all the assets of Property Tax Resources (PTR), a leading advisory service based in Carlsbad. The move was part of C&W’s ongoing efforts to provide a national tax advisory practi...
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• NAIOP SoCal Announces Its 2015 Executive Committee and Board of Directors
2/02/15
NAIOP SoCal has announced its 2015 Executive Committee and Board of Directors. The 40-person board includes representatives from a diverse array of the commercial real estate industry’s most successful companies.
The 2015 N...
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• Pathfinder Partners Wraps Up Initial Closing of Its Opportunity Fund V
1/28/15
San Diego-based Pathfinder Partners LLC has completed the initial closing of Pathfinder Partners Opportunity Fund V – a private real estate fund focused on acquiring multifamily and other residential real estate, both rental ...
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• JLL Names Firm’s Top LA Brokers for 2014
1/27/15
Real estate services firm JLL has named the firm’s top performing brokers in Los Angeles for 2014. These brokers, who were recognized for their performance achievements, were chosen from 75 brokers in five Los Angeles office...
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• Rexford Industrial AcquiresTwo SoCal Properties Totaling Over 200k sf
1/27/15
Rexford Industrial recently closed on two more SoCal industrial property purchases, paying $30.6 mil for properties containing a combined total of 213.6k sf ($143/sf) of space. With these deals, the company owns interests in ...
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• Anchor Tenant Buys 36k sf AZ Office Building
1/26/15
Phoenix Heart, a leading cardiology group in the Phoenix area, has purchased the 35.9k sf Class A office building that they had been occupying as the anchor tenant. The building, located at 5859 Talavi, was sold by Credit Uni...
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• Donahue Schriber Realty Group Closes 320k sf NoCal Retail Buy
1/26/15
Donahue Schriber Realty Group has acquired Village Oaks shopping center, a 320k sf retail asset in San Jose. The property was purchased from Cupertino-based Hunter Properties.
Constructed in 2014, the Target- and Safeway-a...
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• New Austin, TX Office Project Breaks Ground
1/23/15
Crimson Real Estate Fund LP and USAA Real Estate Company have broken ground on a new 129k sf, Class A office building in northwest Austin, TX. The project, Aspen Lake Two, is being developed for the owners by Houston-based Pa...
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• Prologis Completes Projects to Feed 4.2 Megawatts of Solar Power to the Los Angeles DWP
1/22/15
Global industrial REIT Prologis Inc has completed four new solar projects in Los Angeles. Some 1.1 msf of Prologis rooftop space will feed a combined 4.2 megawatts of power directly into the Los Angeles Department of Water an...
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• Napa Valley Hotel Property Sells
1/22/15
The Sunburst Calistoga Hotel, a 50-room hotel property situated in the heart of Napa Valley, was acquired by an investment vehicle of Eagle Point Hotel Partners. The hotel is located at 1880 Lincoln Ave, west of Hwy 128 off o...
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• Dornin Investment Group Acquires 104k sf Las Vegas Office Asset
1/20/15
Dornin Investment Group has obtained $18 mil in financing for the acquisition and lease‐up of City Centre Place, a six‐story, Class A office building totaling 104k sf in Downtown Las Vegas. The money was provided ...
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• NBS Financial Services Arrange $11 Mil on Spokane Office Property
1/19/15
NBS Financial Services has arranged $11.3 mil in refi money for Northpointe Office Plaza, a 108.4k sf office building in Spokane. The borrower was Northpointe Office Building LLC.
Built in 1995, Northpointe Office Plaza is l...
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• Net-Leased Walgreens on Las Vegas Strip Offered for Sale
1/14/15
A net-leased Walgreens drugstore located on the world-famous Las Vegas Strip has been put on the market. The price is open bid, however, the property is expected to trade in the mid-$40 mil range.
The store is situated on a ...
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• CBRE Capital Markets Team Arranges $350 Mil on Senior Housing Portfolio
1/13/15
CBRE Capital Markets’ Debt & Structured Finance team has secured $350 mil in financing for The Ranger Portfolio, a portfolio of 36 senior housing communities located across 10 states, mostly in the West. These include Arizona...
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• PCCP Provides $31 Mil in Refi Money for the W Hotel San Diego
1/13/15
PCCP LLC has provided a $31.2 mil senior loan to refi the W Hotel San Diego on behalf of the ownership, a joint venture between Rockpoint Group and SCS Advisors. The 258-room, full-service hotel is located in Downtown San Die...
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• Peter H. Thomas and Mitchell Bradford Form Multifamily Investment / Development Firm
1/12/15
Real estate professionals Peter H. Thomas and Mitchell Bradford have formed Thomas Bradford Communities (TBC), a new multifamily investment and development company with offices in Phoenix and Newport Beach.
The company plans...
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• Local Investor Buys 92k sf Office Building in LA’s City West Submarket
1/12/15
In a downtown Los Angeles investment buy, Sharp Capital, a Beverly Hills-based, family investment fund, purchased 1200 Wilshire Blvd, a six-story, 92k sf building. The property is located across the street from Good Samaritan...
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