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August 17, 2019
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Archive
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• Sorrento Mesa Office Property Trades for $17 Mil
5/29/19
Graymark Capital, in a venture with an institutional partner, has acquired 10455 Pacific Center Court, a 92.5k sf office property located in San Diego’s Sorrento Mesa submarket.The property, positioned on a 7.7-acre, canyon-e...
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• Draftsmen & Craftsmen
5/28/19
In a construction milestone at a new residential rental development in Danville, framing has begun on the Alexan Downtown Danville, a 144-unit luxury community within walking distance of Danville’s Historic Downtown District....
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• Community Preservation Partners Completes Rehabilitation of 48-Unit Low-Income Housing Portfolio in Los Angeles
5/28/19
Community Preservation Partners (CPP) has completed an $11.9 mil rehabilitation of The Curtis Johnson Apartments, a six-building, 48-unit low-income residential portfolio in and around the Vermont Harbor neighborhood of Los A...
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• Portland Area Medical Office Building Sells in $14.5 Mil Deal
5/24/19
Tigard Medical Plaza, a 21k sf outpatient medical office building and ambulatory surgery center in the Portland-area community of Tigard, sold for $14.5 mil ($690/sf). A private investor in a 1031 exchange purchased the medic...
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• Phoenix Retail Center Sells for $232/sf
5/24/19
In a recent AZ retail investment buy, a West Coast-based private investor purchased El Super Shopping Center, a 59.4k sf property in Phoenix, for $13.8 mil ($232/sf). Built in 2017, the property is located at 2211 W. Camelbac...
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• Calvera Partners Closes $16 Mil Res Buy in Alameda
5/23/19
Calvera Partners has acquired a 52-unit apartment building in Alameda for $15.95 mil ($307k/unit), in a deal that marks the final acquisition for the firm’s current discretionary investment fund. The purchase is part of Calve...
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• Columbia Pacific Advisors Provides $17.6 Mil for Building Purchase and Two Other Property Repositioning Projects in the L.A. Area
5/22/19
Columbia Pacific Advisors through its real estate lending platform has provided a Southern California-based retail investor with a $17.6 mil bridge loan to finance the acquisition of a two-story, 43k sf, mixed-use creative of...
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• Upscale Mixed-Use Complex Opens Its Doors in Burbank’s Media District
5/22/19
Talaria Burbank, a new mixed-use development in Burbank, has opened its doors and is welcoming new residents. Developed by Cusumano Real Estate Group, Talaria features 241 designer apartment homes, anchored by a 42k sf Whole ...
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• Work Completed on 466k sf Expansion of Newell Brands Facility in Victorville
5/21/19
Stirling Capital Investments has completed construction of a 466.3k sf building expansion for Newell Brands at Southern California Logistics Airport (SCLA). The expansion space was completed ahead of schedule, and is Newell’s...
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• Kingsbarn Realty Capital Picks Up 83k sf OC Office Asset
5/21/19
In a recent OC office buy, Kingsbarn Realty Capital purchased a two-story, 83.2k sf Class A office property in Foothill Ranch. Built in 1998, the property is located at 27042 Towne Center Dr, just off the 241 Toll Road and La...
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• NAR Teams Up with CREXi
5/21/19
In an effort to provide an enhanced commercial real estate information service for Realtors®, members of the National Association of Realtors® (NAR) have partnered with Commercial Real Estate Exchange Inc (CREXi), the popular...
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• New Seniors Housing Project in Fremont Opens 100% Leased
5/20/19
Pauline Weaver Senior Apartments, a new 90-unit multifamily rental community for seniors in the Bay Area city of Fremont, has opened to the public. The project, located at 47003 Mission Falls Court in the city’s Warm Springs ...
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• Cleveland Investment Entity Pays $196/sf for Camarillo Office Property
5/20/19
An investment firm out of Cleveland, OH paid $15.6 mil for Mission Oaks Business Park, a 79.5k sf ($196/sf), multi-tenant office building in Camarillo. The building sits on 4.27 acres at 5141-5171 Verdugo Way, north of the 10...
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• Inland Group Lands $34 Mil in Construction Money for WA Senior Housing Development
5/17/19
Inland Group has obtained $34 mil in construction financing for the development of Affinity at Arlington, a senior housing community consisting of 170 market-rate units in Arlington, WA. The financing was arranged by CBRE. L...
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• Waterfront Res Community Started in Bay Area City of Hercules
5/16/19
Ledcor Development LP broke ground on The Grand, a 232-unit waterfront residential development in Hercules, a Bay Area city in western Contra Costa County, about 10 miles north of Berkeley. Set to open spring 2021, The Grand...
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• Eisenberg Company Acquires 33 Acres for Two AZ Industrial Projects
5/15/19
Phoenix-based Eisenberg Company has two new industrial projects slated for completion in the fourth quarter of 2019. The projects, Avondale 107th and Washington 83, are set to start construction this quarter and will total a ...
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• Recently Renovated Seattle Hotel Refinanced with $21 Mil Loan
5/15/19
Sonnenblick-Eichner Company has arranged $21 mil of non-recourse first mortgage leasehold financing, on behalf of a partnership between Los Angeles-based Lighthouse Investments LLC and KCB Management, for the 96-room Palihote...
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• Corona Retail Property Changes Hands in $11 Mil Deal
5/14/19
Orange County-based PRES Companies paid $11 mil for Corona Freeway Center, a 67.7k sf ($162/sf) retail property in Corona, in an all-cash deal. The well-established multi-tenant center is located at 2410 Wardlow Rd, directly ...
more » 

• NoCal Outpatient Clinic Sells for $700/sf
5/13/19
A NoCal firm involved in a 1031 exchange paid $7 mil for a 9.9k sf ($707/sf), outpatient clinic in Castro Valley, CA. The property was sold by Meridian in a deal that closed at a cap rate of 5.0%. The outpatient clinic is l...
more » 

• AT&T Marketing Portfolio of 33 Industrial Sites in CA and TX
5/10/19
AT&T has awarded CBRE Capital Markets with the listing for a portfolio of 33 industrial sites that are poised for redevelopment or value-add repositioning in the largest markets of California and Texas. The sites have been ...
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