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Commercial Real Estate Financing Briefs 11/28/23 CBRE CAPITAL MARKETS - Shaun Moothart, Bruce Francis, Bob Ybarra, Doug Birrell, Nick Santangelo and Jim Korinek with the CBRE Capital Markets Debt and Structured Finance team secured $15 mil in permanent financing for a shado...
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Cypress West Partners Finishes Work on AZ Medical Office Building 11/28/23 Cypress West Partners has completed construction on Ocotillo Medical Collaborative, a new 22k sf medical office building in the fast-growing community of Queen Creek, AZ.
The building is 100% leased to five tenants includin...
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Bridge Logistics Properties Picks Up 84k sf East Bay Logistics Facility 11/21/23 Bridge Logistics Properties recently acquired an 84.5k sf warehouse property in the East Bay city of Newark. The property is located at 37580 Filbert St, west of I-880, roughly midway between San Jose and Oakland.
The proper...
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Central CA Industrial Facility Refinanced with Loan for $42 Mil 11/21/23 A joint venture of Phelan Development and LaSalle Investment Management has refinanced a 610k sf industrial building in Lathrop with a new senior loan for $42 mil, provided by PCCP LLC. The facility sits on 26.3 acres at 1875...
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Henderson, NV Building Gets New Owner in $13 Mil Sale/Leaseback Deal 11/21/23 A CA-based, private 1031 exchange investor acquired a single-tenant, 33.8k sf building in Henderson, NV for $13.065 mil in a sale-leaseback deal. Built in 2001, the property is located at 160 N. Stephanie St.
The building is...
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Nevada Industrial Asset Traded in $9.5 Mil 11/20/23 Apenzell Investments LLC paid $9.58 mil for a three-tenant, 56k sf ($171/sf) industrial building in Henderson, NV. Located at 975 American Pacific Drive, the two-story property is positioned in a high-growth market and in the...
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Steinhauer Properties Acquires Long Beach Site for Planned Hard Rock Hotel 11/17/23 Steinhauer Properties has secured $8.75 mil of early phase financing covering the land acquisition for a new 31-story Hard Rock Hotel planned to rise at 100 E. Ocean Blvd, along the waterfront in Long Beach.
The new hotel i...
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Premier Workspaces Looks to Acquire Locations as WeWork Exits Leases Amid Bankruptcy 11/17/23 Flexible office space provider Premier Workspaces is actively exploring opportunities to acquire select coworking locations from landlords where WeWork is looking to exit leases due to the company's ongoing bankruptcy proceed...
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Sonoma County Hotel Project to Move Forward Thanks to $62 Mil in C-PACE Funding 11/17/23 GreenRock Capital and Petros PACE Finance have secured $62.6 mil in Commercial Property Assessed Clean Energy (C-PACE) financing for the construction of the Appellation Healdsburg hotel project in Healdsburg, CA. The project ...
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Luxury Amenity Space Slated to Open September 2024 at San Francisco Office Tower 11/16/23 The Cove, a luxury amenity space that boasts premium hospitality services for tenants and members alike, is slated to open in September 2024 on the 7th floor at 525 Market Street in San Francisco. The Cove will be a fully-sta...
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Multi-Tenant AZ Office Asset Traded in $26.5 Mil Deal 11/15/23 Scottsdale Northsight, a 138.7k sf, Class A multi-tenant office building in Scottsdale, AZ, was acquired by PREG Scottsdale LLC in a $26.5 mil ($191/sf) transaction. Located at 14350 North 87th St, the three-story building is...
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L.A. Medical Center Wins Multi-Million Dollar Tax Dispute with LA County Assessor 11/15/23 A Los Angeles County hospital, committed to serving the city's homeless and disadvantaged communities, has won a significant multi-million dollar tax dispute with the LA County Assessor's office.
In 2019, LA Downtown Medi...
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New 222-Unit Res Development in Livermore Opens to the Public 11/14/23 Legacy at Livermore, a new 222-residence mixed-use community developed by Legacy Partners in the NoCal city of Livermore, has opened to the public. Designed by BDE Architects of San Francisco, the community is located at 57 S...
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Phoenix Medical Office Campus Trades 11/14/23 Paradise Valley Professional Campus, a nine-building, 56.3k sf medical office campus in Phoenix, traded hands. The property, located at 16620 North 40th St, features nine standalone one-story medical offices on 5.62 acres.
...
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I-40 TradePort Corridor Awarded $974k to Develop Network of Clean Energy Logistics Hubs on the West Coast 11/10/23 The U.S. Department of Transportation has awarded $974k to the I-40 TradePort Corridor, an 805-mile, multi-state coalition to develop a network of clean energy logistics hubs as an integral part of the nation’s supply chain s...
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Crosse Partners Spends $10.9 Mil on Colorado Industrial Park 11/08/23 Crosse Partners purchased Moncrieff Business Center, a 101.4k sf warehouse distribution center in Aurora, CO for $10.9 mil, or $107/sf. The asset was sold by an affiliate of Zurich Alternative Asset Management.
Located at 14...
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MIG Real Estate Pays $30 Mil for 100k sf OC Biz Park 11/07/23 MIG Real Estate has acquired Mission Viejo Business Center, a 100.3k sf industrial business park in Mission Viejo. The price was $30.3 mil, or $302/sf.
Mission Viejo Business Center consists of six multi-tenant industrial di...
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Bacchus Management Group to Open New Restaurant at 220 Park Project Nearing Completion in Downtown Burlingame 11/07/23 Bacchus Management Group has signed a lease to transform the restored 1940s-era Burlingame Post Office into an iconic restaurant space at the base of the six-story 220 Park development. The project, a development of Dostart D...
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Hanley Investment Group Kicks Off its 13th Year of Movember Fundraising to Support Men's Health 11/06/23 Hanley Investment Group Real Estate Advisors has launched its annual Movember fundraising campaign. This year marks the 13th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and ...
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Freedom West Homes Corporation Secures $27 Mil in Funding Commitments for Housing for People of Color in San Francisco 11/06/23 Freedom West Homes Corporation, a nonprofit limited equity housing co-operative in the Fillmore District of San Francisco, has secured $27 mil in funding commitments to-date to catalyze its revitalization providing low-income...
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