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July 6, 2015
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• Construction Starts on Spec Inland Empire Facility
6/08/15
Ridge Development has begun construction on the first building in a planned two-building, Inland Empire project owned and managed by Indianapolis-based Duke Realty Corp. The development, Duke Perris Logistics Center, is locat...
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• MicroVention Agrees to $100 Mil HQ Deal at Summit Office Campus in Aliso Viejo
6/08/15
MicroVention Inc recently inked an agreement with Parker Properties for a new four-story, 205k sf office building at the Summit Office Campus in Aliso Viejo that will serve as MircroVention’s new world headquarters location. ...
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• San Fernando Valley Res Community Fetches Over $45 Mil
6/05/15
Rockwood at the Cascades, a 223-unit apartment community located in the North San Fernando Valley city of Sylmar, sold for $45.8 mil, or about $205k/unit. The buyer was J&B Asset Management. Constructed in 2007 on 12.7 acres...
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• Tri-Cities Retail Center Trades at a Hefty Price
6/05/15
A CBRE Global Investors-advised fund recently closed on the purchase of Gateway at Burbank, a 74.4k sf, two-building grocery-anchored shopping center in Burbank. Although the actual price has not been given out, the deal repo...
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• Lincoln Property Buys 327k sf Office Asset from Kennedy Wilson
6/05/15
Lincoln Property Company has acquired the Burbank Collection, a campus of three office buildings totaling 327k sf of space and encompassing nearly a full city block in the heart of Burbank’s downtown area. The Class A propert...
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• Pacific Eagle Holdings Corp Buys San Francisco Dev Site from MacFarlane Partners
6/04/15
Pacific Eagle Holdings Corporation has purchased 1125 Market St, a 12.4k sf development site in San Francisco. The site, reportedly the last remaining vacant lot in San Francisco’s rapidly transforming Central Market area, be...
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• Tishman Speyer Picks Up San Francisco Office Tower
6/03/15
New York-based Tishman Speyer closed on a major office buy in San Francisco, purchasing the 19-story, 290k sf high-rise located at 160 Spear Street, in the city’s South Financial District. The property was sold by Legacy Par...
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• Construction Tops Out on New Office High-Rise in Bellevue, WA
6/03/15
Trammell Crow Company and Principal Real Estate Investors have topped out construction on their 929 Office Tower, a 19-story, 462k sf office project currently being built in the city of Bellevue, WA. The ultra-modern, Class A...
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• Green Leaf Capital Partners Complete $22 Mil AZ Res Buy
6/03/15
Cortona at Dana Park, a 222-unit multifamily community in Mesa, AZ, sold for $22.1 mil, or about $99.6k/unit. The buyer was Green Leaf Capital Partners. Developed by Hrebec Properties in 1986, Cortona at Dana Park is located...
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• Hudson Pacific Properties Breaks Ground on ICON Tower in Hollywood
6/02/15
Hudson Pacific Properties just broke ground on ICON, a $200 mil, creative office tower project located on the 10.6-acre Sunset Bronson Studios lot on Sunset Blvd in Hollywood. The entire development is slated to contain a 14-...
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• Pasadena Office Building Trades Hands
6/02/15
In a recent institutional-grade office buy in Pasadena, a national investment entity purchased 350 W. Colorado Blvd, an 84k sf, Class A office property located immediately adjacent to the city’s highly desirable Old Town Pasa...
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• 775-Acre CA Gold Country Winery to Be Auctioned Off in Two Parcels
6/01/15
The award-winning Chatom Winery and Vineyards will be sold through auction on June 26th, 2015. The 775-acre property is located at 1969 Highway 4 in Douglas Flat, about 60 miles east of Stockton in the heart of California’s “...
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• Three-Building AZ Flex/Office Portfolio Sells for Over $10 Mil
6/01/15
A three-building, flex office portfolio in Phoenix traded for $10.5 mil, or $165/sf. The buildings are located in McDowell Mountain Business Park, a segment of metro Phoenix that for years has sustained a sub 10-percent vacan...
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• New 500k sf El Monte Industrial Development Nearing Completion
5/29/15
The Magellan Group has begun construction on Magellan Gateway, a five-building, 501.3k sf industrial park in the San Gabriel Valley city of El Monte. The company acquired the 26.8-acre site, at 4127-4213 Temple City Blvd, abo...
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• Buchanan Street Partners Buys 112k sf South San Francisco Office Campus
5/29/15
Buchanan Street Partners has acquired South San Francisco Business Center, a three-building, 112.4k sf flex office campus in South San Francisco. The price was $25.8 mil, or about $229/sf. South San Francisco Business Center...
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• Lewis Brisbois Bisgaard and Smith LLP Signs 215k sf Office Lease in Downtown LA
5/28/15
Lewis Brisbois Bisgaard and Smith LLP (LBBS), one of the fastest-growing law firms in the U.S., has agreed to a 15-year lease for 215.2k sf of office space at U.S. Bank Tower, a prestigious, 72-story high-rise located at 633 ...
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• San Francisco Res Project to Get Underway After Landing $48 Mil in Construction Money
5/28/15
Trumark Urban and Hillwood West are nearing the start of construction on a new residential and retail development in San Francisco after obtaining $48 mil in senior construction money from PCCP LLC. Construction is anticipate...
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• It’s Daybreak in Utah for TruAmerica Multifamily
5/27/15
TruAmerica Multifamily, in partnership with an institutional investor, has acquired Crossing at Daybreak, a 315-unit, Class A apartment community in South Jordan, UT. The deal marks the Los Angeles-based real estate investmen...
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• Griffin Capital Essential Asset REIT II Closes Phoenix Corp Property Buy
5/27/15
In a Phoenix investment deal, Griffin Capital Essential Asset REIT II Inc purchased a 300k sf, data center building and a 213.4k sf, four-story office building that are leased to American Express Travel Related Services Compa...
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• JH Real Estate Partners Spends $43 Mil on NoHo Commons Retail Center
5/27/15
JH Real Estate Partners has acquired NoHo Commons retail center for $43 mil, or $706/sf. The 60.9k sf project is located at 5300 Lankershim Blvd in North Hollywood, across the street from the Magnolia/Lankershim Red Line Metr...
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