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Medical Office Property in Washington Sells for Over $400/sf 2/13/14 In a notable office sale comp from Washington state, Sunrise Medical Campus recently traded hands for $40.2 mil. The three-building campus, contains a total of 98.8k sf of space, which averages out to over $400/sf.
Sunrise M...
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Thorofare Capital Provides Financing for Purchase of $8.3 Mil Sub-Performing Note Portfolio 2/13/14 Thorofare Capital has provided a Denver-based private investment firm with financing for the acquisition of a sub-performing note portfolio with an aggregate unpaid principal balance of approximately $8.3 mil.
The distresse...
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Astani Enterprises Finances GSA-Occupied Properties in OH and CA with $21.6 Mil 2/12/14 Astani Enterprises has obtained two permanent loans totaling $21.63 mil for two GSA buildings located in OH and CA. The collateral consists of a GSA ICE office building in Blue Ash, OH and a courthouse that is currently bein...
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Johnson Capital Arranges $16 Mil for New York Hotel 2/10/14 Daniel Lisser, principal in Johnson Capital’s New York City office, has arranged $16 mil in financing for the 128-room Wyndham Garden Hotel in the Long Island City section of Queens.
The seven-story, select service hotel ope...
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Thomas Ricci, Randall Scott and John Sischo Form New Real Estate Venture 2/07/14 Thomas Ricci, Randall Scott and John Sischo have formed a new private real estate operating company called Coretrust Capital Partners LLC (CCP). The three commercial real estate veterans have worked together for over 25 year...
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Two Single-Tenant, SoCal Properties Sell in Pricey All-Cash Deals 2/06/14 Two single-tenant, net-leased properties in Southern California were acquired by all-cash buyers in recent transactions that commanded impressive prices. The deals occurred on the island of Coronado and in Santa Barbara.
The...
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Unique Portland Mixed-Use Building Sells for $219/sf 2/05/14 Ode to Roses, a two-story 5,780 sf mixed-use building in Portland, sold for $1.27 mil, or $219/sf. Built in 2002, the property is located at 4440 NE Fremont St, in the city’s pedestrian-oriented Northeast neighborhood.
As on...
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Trion Properties Closes 185-Unit Sacramento-Area Apartment Buy 2/05/14 LA-based Trion Properties recently acquired Sierra Village, a 185-unit apartment community located in North Highlands, a suburban submarket of Sacramento. The property was purchased for $9.3 mil, or roughly $50k/unit, from a ...
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Reno Multifamily Property Sells for $14.9 Mil 2/05/14 Woodside Village Apartments, a 250-unit garden-style property apartment property in Reno, recently sold for $14.9 mil ($59.6k/unit). The 201.9k sf property, situated on more than 10 acres in a park-like setting at 4800 Kietzk...
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Fresno NNN-Leased Smart & Final Property Fetches Over $6 Mil 2/04/14 A private investor based in San Pedro, CA acquired a single-tenant, NNN Smart & Final property in Fresno for $6.3 mil. The transaction, which came in at a 5.75% cap rate, included both the 17.2k sf building on one-acre of lan...
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Laramar Group Picks Up 200-Unit Denver Multifamily Portfolio 2/04/14 The Laramar Group has acquired five multifamily buildings consisting of 202 units in neighborhoods surrounding downtown Denver. The portfolio of transactions closed on January 28, 2014. The properties include:
• Shambhala l...
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Three Seattle Office Buildings Sell for $13.6 Mil 2/03/14 Three office buildings totaling 80.7k sf of space in Seattle recently sold for $13.65 mil. The buildings are located at 2, 4 and 6 Nickerson, along the water near Fremont, about three miles north of downtown Seattle.
The bu...
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MIG Real Estate Buys 123k sf Vegas Office Portfolio 1/31/14 Newport Beach-based MIG Real Estate has acquired Sansone Pecos II in the southeast Las Vegas suburb of Henderson. The eight-building portfolio of Class “A” medical office/office buildings totals 122.9k sf space. The price was...
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Hager Pacific Properties’ Buying Spree Includes Eight Acquisitions Over the Last 90 Days 1/29/14 Hager Pacific Properties (HPP) has acquired eight properties over the past 90 days, adding significantly to its 12 msf portfolio. Over the past three months, HPP’s new acquisitions include a distribution building in Central L...
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Johnson Capital Arranges $30 Mil for Planned Res Development in Florida 1/29/14 Scott Graber, Senior Vice President in Johnson Capital’s Denver office, has arranged a $29.66 mil construction-to-perm FHA Section 221(d)(4) loan secured by a planned 250-unit apartment complex located in Navarre, FL.
The p...
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Houston Office Tower to Undergo Multi-Million Dollar Re-Do 1/29/14 Hines is about to embark on a multi-million-dollar modernization and repositioning of Two Shell Plaza, a 565k sf office building in the epicenter of downtown Houston. The property, which is located on the block bounded by Lo...
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ULI Presenting a New Two-Day Value-Add Real Estate Development and Investment Course 1/28/14 The Urban Land Institute is presenting a two-day course entitled: Value-Add Real Estate Development and Investment to be held February 10-11, 2014 at the Marina Del Rey Marriott in Marina Del Rey.
Martin McDermott, princip...
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Investor Picks Up Industrial Building in Hempstead, TX 1/27/14 A 108k sf industrial building in Hempstead, TX was purchased by a limited liability investment entity. The property, located at 1000 Blasingame Rd, is NNN-leased to Logan Industries International Corp, an industry leader in h...
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Cohen Financial Arranges $5.7 Mil for Two OR Self-Storage Properties 1/24/14 Peter C. Norrie, Managing Director of Cohen Financial’s Portland office, has arranged $5.7 mil in long-term financing for two self-storage facilities in Oregon. One of the properties, Iron Gate Beaverton Self Storage, is a 40...
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Thorofare Capital Provides $12.6 Mil for Distressed Property Portfolio 1/23/14 Thorofare Capital has provided a Los Angeles-based private investment firm with $12.65 mil in acquisition financing for an unpaid balance, non-performing note portfolio secured by two office properties in Pennington NJ, a two...
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