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• NoCal Distribution Center for Cost Plus Trades Hands
10/18/12
A privately held REIT purchased the Cost Plus distribution center in the city of Stockton. The asset, consisting of two Class A distribution warehouses totaling 1.04 msf, was acquired from Retail Properties of America Inc.
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• Oahu Seniors Housing Facility Lands $28.5 Mil in Fannie Mae Refi Money
10/12/12
MW Group Ltd has obtained $28.5 mil in Fannie Mae refi money for The Plaza at Mililani, a seniors housing community located in Mililani, HI. Walker & Dunlop, led by Russell Dey, provided the financing.
The Plaza at Mililani ...
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• Commercial Real Estate Financing Briefs
10/01/12
NORTHMARQ CAPITAL -- Doug Austin, vice president of NorthMarq ‘s San Diego Regional office, arranged first mortgage refinancing of $6 mil for Oak Creek Shopping Center, a 27.8k sf shadow-anchored retail property located at 23...
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• PS Business Parks Awards Marketing Job for Two OR Biz Parks to CBRE
9/28/12
PS Business Parks has awarded the leasing assignment for two Portland-area business park properties to a CBRE team of Trevor Kafoury, Jason Green and Preston C. Greene. The properties are Cornell Oaks and Creekside Corporate ...
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• Johnson Capital’s Neal Churney Places Eight Loans Totaling Over $25 Mil
9/24/12
Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has this quarter closed eight different financing transactions totaling $25 mil for eight different property owners. The properties are a combinat...
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• Recent Leases Fill 30k sf at Vancouver, WA’s Largest Office Building
9/21/12
Downtown Vancouver's Bank of America Financial Center, Clark County's largest Class A office tower, has seen a flurry of leasing activity, gaining four new tenants and filling nearly 30k sf of space. The 203k sf building is ...
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• Three Shorenstein Office Properties Awarded LEED Certification
9/18/12
Shorenstein Properties LLC recently received LEED certification at the Gold level for Existing Building Operations and Maintenance (EBOM) from the U.S. Green Building Council for three more of its nationwide portfolio of Clas...
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• Johnson Capital Arranges $23 Mil in Refi Money on 88k sf Mixed-Use Property
9/17/12
Scott Monroe, Senior Vice President at Johnson Capital, has arranged a $23 mil refinance loan secured by a new mixed-use complex in Austin, TX.
The property was built in 2009 by a major regional retail developer based in A...
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• Economic Update
9/17/12
Friends and Colleagues
In light of the big Fed announcements this week, our friends at Wells Fargo Securities (WFS) review what the Fed did and what it means. Read on for details....
The Fed made some big announcements thi...
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• Hines and Oaktree Fund Purchase OC Office Property
8/28/12
Hines and a subsidiary of a real estate fund managed by Oaktree Capital Management L.P. acquired Bay Technology Center in Irvine from Arden Realty, a GE Capital Real Estate Company. The two-building, 114.1k sf office complex ...
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• Draftsmen & Craftsmen
8/22/12
Construction on the new $72.7 mil Bob Hope Airport Regional Intermodal Transportation Center (RITC) has gotten underway. The facility, which is being built by McCarthy Building Companies, will provide seamless connectivity fo...
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• SoCal Pro Moves
8/21/12
KEITH H. FIELDING, TIBOR S. LODY & ALEKS TRIFUNOVIC -- Keith H. Fielding, Tibor S. Lody, and Aleks Trifunovic have joined Lee & Associates West Los Angeles as principals. The trio, who previously worked as a team with Klabin ...
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• Communication Test Design Leases 239k sf of AZ Ind Space
8/17/12
In a big AZ industrial lease, Communication Test Design inked an eight-year deal for 238.5k sf of space at Westside Business Park in the city of Tolleson, roughly 12 miles directly west of Phoenix. The transaction accounts fo...
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• Scott Sweeney Launches Real Estate Advisory Firm
8/14/12
Veteran industry exec Scott Sweeney, CCIM, CPM, has launched Property Income Advisors Inc, a real estate advisory firm focused exclusively on assisting non-U.S. clients in the investment and management of United States commer...
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• Lowe Completes Construction on 300k sf Second Phase of Kearny Mesa County Project
8/10/12
Lowe Enterprises has completed construction of the second phase of the County Operations Center and Annex redevelopment in Kearny Mesa. The newest phase of the project includes two 150k sf, four-story, steel-frame office bui...
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• Trigild’s William Hoffman Appointed Liquidating Trustee for SCI Entities
7/17/12
William J. Hoffman, the chief executive officer of San Diego-based Trigild Inc, has been appointed liquidating trustee over the bankruptcy of Secured California Investments Inc (SCI) and SCI Real Estate Investments LLC, two r...
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• Phoenix Office Tower Earns LEED® for Existing Building – Operations and Maintenance certification
7/13/12
2800 Tower, a 21-story, 364.5k sf office tower in Midtown Phoenix, has achieved LEED® for Existing Building – Operations and Maintenance certification, ending a one-year chase for the prestigious sustainability prize from the...
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• CIP Invests $4 Mil in 153k sf Las Vegas Industrial Property
6/28/12
CIP Real Estate has acquired a 153k sf Las Vegas industrial property located immediately south of McCarran International Airport. The property, which CIP acquired in a joint venture with a real estate investment fund managed...
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• Bernards Named as a General Contractor for Mesa, AZ Master-Planned Community
6/08/12
Bernards has been named as one of several general contractors for Eastmark, a new master-planned community in Mesa, AZ. The company will oversee the grading operations of the first 11 neighborhoods in the 2,400-acre, multi-p...
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• James Gill Named VP Finance at CapRock Partners
5/29/12
James (Jim) Gill has been named Vice President of Finance at CapRock Partners. Gill will be in charge of managing CapRock Partners' accounting and financial underwriting to provide critical support to CapRock’s expanding acqu...
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