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• Acacia Capital Corporation Spends $58.5 Mil on AZ Res Community
8/20/19
Acacia Capital Corporation recently purchased San Marquis, a 224-unit multifamily community in the metro Phoenix area, for $58.5 mil, or $261k/unit. The property, located at 577 E Baseline Rd, was sold by a venture between Se...
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• ENGIE North America Leases 110k sf of HQ Space in Houston
8/20/19
ENGIE North America Inc has leased 109.7k sf of space at 1360 Post Oak in Houston for its North American headquarters. Relocating from 1990 Post Oak, ENGIE North America will occupy floors four through nine beginning December...
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• Stockbridge Capital Group Acquires 6.35 msf Industrial Property Portfolio
8/19/19
San Francisco-based Stockbridge Capital Group has acquired a 6.35 msf industrial portfolio from Westcore Properties. The price was not disclosed.
With 26 assets across nine markets in five states, the portfolio is nearly 100...
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• San Gabriel Valley Multifamily Asset Trades in $34 Mil Deal
8/19/19
Sagewood Gardens, a 162-unit community for residents 55 and above in Hacienda Heights, has sold for $34.375 mil ($212k/unit). The property is located at 14814 Gale Ave, just north of the 60 Fwy in the heart of the San Gabri...
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• Spec Industrial Facility in the Inland Empire Sells for $123 Mil
8/15/19
Columbia Business Park Phase I, a 1 msf, Class A speculative industrial building, was acquired by an institutional real estate investor for $123.75 mil ($124/sf), making the deal one of the largest single-building transaction...
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• Innovatus Capital Partners Closes $107 Mil Office Buy in Phoenix
8/15/19
Innovatus Capital Partners LLC closed on what we’re told is the highest priced office buy in metro Phoenix so far this year, paying $107.6 mil for Waypoint, a 427k sf ($252/sf) suburban Class A office campus. The four-buildin...
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• Vegas Industrial Complex Trades in $42 Mil Deal
8/15/19
MCA Realty has acquired Equus Business Center, a 357.6k sf, multi-tenant industrial property in Las Vegas, in a recent off-market transaction for $42 mil ($117/sf). MCA Realty plans to rebrand the property as Central Seven Co...
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• Phoenix Office Building Purchased for $43.5 Mil by Albany Road Real Estate Partners
8/14/19
Quattro, a 265k sf, multi-tenant office building in Phoenix, sold for $43.5 mil ($164/sf). The building is located at 4310-4350 E. Cotton Center Blvd, just south of Broadway, a few blocks from I-10.
Quattro is a flex office...
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• Dedeaux Properties Secures $88 Mil for Its Recent Inland Empire Industrial Buy
8/14/19
Dedeaux Properties obtained $87.95 mil in financing for its recent purchase of a newly constructed, 1 msf state-of-the-art warehouse and distribution center in the Sycamore Canyon submarket of Riverside. Dedeaux Properties b...
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• Clise Properties Obtains New Financing of $160 Mil on Seattle Res Tower
8/13/19
Clise Properties has secured a $160 mil permanent loan for McKenzie Seattle, a 40-story, luxury res tower in Seattle. The distinctive, elliptical high-rise, located at 2202 8th Ave, contains 450 rental units.
McKenzie Seattl...
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• Commercial Real Estate Financing Briefs
8/13/19
MERIDIAN CAPITAL GROUP - Seth Grossman, Steven Adler and Jackie Tran with Meridian Capital Group arranged $23.1 mil in acquisition financing for the purchase of the Hilton Garden Inn San Diego Mission Valley Stadium hotel. Lo...
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• Drawbridge Realty Spends $97 Mil on OC Office Campus
8/12/19
Drawbridge Realty has purchased Pacific Center, a 390.6k sf, two-building corporate office campus in Santa Ana, for $97.5 mil ($250/sf).
Located at 1600-1610 East Saint Andrew Place, west of the 55 Fwy and south of Edinger A...
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• San Fernando Valley Apartment Community Gets a New Owner in $23 Mil Transaction
8/09/19
Branford Villas, a 100-unit multifamily community in Pacoima was acquired for $23.5 mil ($235k/unit) by a local, LA-based investor. The property is located at 12711 Branford St, a few blocks east of I-5.
Built in 1987, Bran...
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• 45-Acre Organic Farm Property in Hawaii Trades Hands
8/09/19
Pacific Organics Inc has acquired Kauai Organic Farms, a 44.63-acre agricultural property situated in Kilauea, Hawaii. One of the most profitable organic farms in Hawaii, Kauai Organic Farms is a grower and wholesaler of high...
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• Optimus Properties Sees Value-Add Opportunity in $22 Mil Medical/Office Buy in the San Fernando Valley
8/09/19
Optimus Properties LLC has purchased Tarzana Tower, an 84.8k sf Class A office/medical building in the western San Fernando Valley. The building, located at 18321 Ventura Blvd in Tarzana, sold for $22 mil ($259/sf).
The asse...
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• Concord Pacific Buys Multifamily Development Site in Seattle
8/08/19
A 42.4k sf, half-block multifamily development site, located at 1901 Minor Ave in Seattle, has been purchased for $72 mil by Concord Pacific, a Canadian residential developer. The property is just south of Denny Way and wes...
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• Multifamily Project in L.A.’s Koreatown Neighborhood Funded with $16 Mil Loan
8/07/19
We’ve learned of a new six-story, 65-unit apartment development planned in the Koreatown neighborhood of Los Angeles. Construction is being funded with a $15.9 mil loan provided by Parkview Financial on behalf of St Andrews P...
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• Partnership Between DJM and Gaw Capital USA Buys Hollywood & Highland Retail Center from CIM Group
8/06/19
Hollywood & Highland, the 460k sf retail and entertainment center located at 6801 Hollywood Blvd, in the heart of Hollywood’s tourism and business district, was acquired by a venture between private equity real estate firms D...
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• Legacy Partners Starts Work on 363-Unit CO Res Development
8/06/19
Legacy Partners has broken ground on Legacy at Fitz, a 363-unit residential project in Aurora, CO. Located at 1363 N. Victor St, the five-story community is Colorado’s first large-scale residential development to break groun...
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• Dedeaux Properties Buys 1 msf Industrial Property in the Inland Empire
8/06/19
Dedeaux Properties, in a joint venture with an institutional partner, has purchased a newly constructed 1 msf, state-of-the-art warehouse and distribution center in Riverside, in what we’re told is one of the largest single a...
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