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• Retail Building in West Hollywood Goes for $1,700/sf
12/06/19
A two‐story, 21.3k sf retail building in West Hollywood has traded hands in a $36.2 mil transaction, which works out to $1,702/sf. The fully renovated building is 100% leased to Luminaire, one of the hottest, most excl...
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• Commercial Real Estate Financing Briefs
12/06/19
BERKADIA - Branden McBirney of Berkadia arranged $82 mil in refi money for Silverado Apartment Homes, a garden-style multifamily property in Murrieta. Located at 25100 Vista Murrieta, Silverado Apartment Homes features one-, ...
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• Silicon Valley Res Development Trades for $292 Mil
12/05/19
NYC-based Brookfield Property Group has closed on a large multifamily acquisition in Silicon Valley, paying $292 mil for The Village Residences, a 330-unit asset in Mountain View. The property was sold by a joint venture betw...
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• Historic Miramar Theater Property in San Clemente Sells for $7.9 Mil
12/05/19
Fortuitous Partners has acquired the historic Miramar Theatre property in San Clemente, in a recent $7.9 mil transaction. The asset, located at 1700 N El Camino Real, consists of 12.6k sf of improvements on a 26.7k sf site. ...
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• Crystal Asset Management Inc Makes $39.5 Mil Res Buy in the Inland Empire
12/04/19
Los Angeles-based Crystal Asset Management Inc paid $39.5 mil for Vista Springs, a 212-unit ($186.3k/unit) garden-style multifamily property in Moreno Valley. The seller was Providence II Vista Springs LLC, an affiliate of Sa...
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• Western San Fernando Valley Res Community Trades for Over $400k/Unit
12/03/19
In an institutional-quality multifamily buy out of the San Fernando Valley, Virtu Investments LLC purchased Mira, a 174-unit community in Canoga Park, for $70.5 mil ($405k/unit). The still-to-be-completed property sits in an ...
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• Spec Office Project in DTLA’s Arts District to Move Forward with $52 Mil in Construction Money
12/02/19
Produce LA, a ground-up luxury spec office development in the Arts District of Downtown Los Angeles, is set to move forward after landing $52 mil in non-recourse construction financing. Located at 640 South Santa Fe Avenue, t...
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• SteelWave Spends $62 Mil on El Segundo Office Asset
12/02/19
SteelWave has purchased a 151.3k sf, Class A office building in El Segundo for $63.5 mil, or $420/sf. The three-story building is located at 2160 Grand Ave, east of Sepulveda Blvd and north of El Segundo Blvd.
Built in 1999 ...
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• Investor Pays Over $20 Mil for AZ Office / Medical Campus
11/27/19
The Forum at Gilbert Ranch, a 92.5k sf, Class A office and medical campus in Gilbert, AZ, traded hands in a $20.5 mil ($222/sf) transaction. Forum at Gilbert LLC, a private Midwestern buyer, acquired the property from Denver-...
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• OC Biz Park Trades in $21 Mil Deal
11/26/19
Anaheim Hills Business Center, a 154.6k sf, industrial and office business park in Anaheim, was acquired by Hamra Properties for $21.3 mil ($138/sf).
Built in 1988, the five-building campus located at 5100-5150 E. La Palma ...
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• Rexford Industrial Realty Buys Three SoCal Industrial Assets
11/26/19
Rexford Industrial Realty has acquired three SoCal industrial properties in recent deals totaling $56.1 mil. The acquisitions were funded using cash on hand.With these deals, Rexford has now acquired over $850 mil of industri...
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• CIP Secures New Financing of $58.6 Mil on Trio of Inland Empire Assets
11/25/19
CIP Real Estate has obtained $58.6 mil in new, first lien financing on three industrial/office properties totaling 610k sf in the Inland Empire. Kevin MacKenzie, Brian Torp and Peter Thompson with JLL Capital Markets arranged...
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• Pasadena Entity Completes $21.5 Mil Investment Buy in Rancho Cucamonga
11/22/19
A 138.1k sf, multi-tenant industrial park located at 9007-9087 Arrow Route in Rancho Cucamonga was purchased by Teamrise International in a $21.5 mil ($156/sf) transaction. The property was sold by Focus Real Estate Services...
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• Nuveen Real Estate and Graymark Capital Partner Up in $97 Mil El Segundo Office Buy
11/21/19
Nuveen Real Estate and Graymark Capital have teamed up in the purchase of 101 PCH, a 201k sf, low-rise, creative office building in El Segundo. The building, located at 101 Pacific Coast Hwy, traded for $97.15 mil, or $483/sf...
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• Trammell Crow Company and High Street Residential to Build Mixed-Use Project in North Hollywood
11/21/19
Trammell Crow Company and its residential subsidiary, High Street Residential, have announced plans for a mixed-use project in the eastern San Fernando Valley community of North Hollywood (NoHo), within the city of Los Angele...
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• Renovated West Hollywood Res Property Fetches $856k/Unit
11/20/19
Roka Properties acquired Element WeHo, a 24-unit high-end multifamily property in West Hollywood, for $20.6 mil, or $856k/unit. The property is located at 1425 N Crescent Heights Blvd, just south of Sunset Blvd.
The luxury p...
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• New Mixed-Use Community in Salt Lake City Breaks Ground
11/20/19
Lowe Property Group has broken ground on Dixon Place, a 59-unit, Class A development in the heart of Salt Lake City’s Sugar House neighborhood. The six-story, mixed-use community, designed by MVE + Partners, will feature a ra...
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• Commercial Real Estate Financing Briefs
11/20/19
MESA WEST CAPITAL - Mesa West Capital provided The ConAm Group with $40.875 mil in short-term, first mortgage debt for the acquisition and repositioning of South Valley Ranch Apartments in the Las Vegas submarket of Henderson...
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• Wilshire Capital Partners Acquires AZ Office Property in $54 Mil Deal
11/19/19
Wilshire Capital Partners closed on an AZ office buy, paying $54.5 mil for 3900 Camelback Center — a 177.5k sf ($307/sf), Class A building in the Camelback Corridor—one of the most prestigious and sought-after office submarke...
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• Compass Acquisition Partners Spends $66 Mil on 488-Unit Asset in Las Vegas
11/19/19
Compass Acquisition Partners has acquired Sandpiper Apartments, a 488-unit multifamily community in Las Vegas, from Apple Management for $66 mil ($135.2k/unit) in an off-market transaction. Sandpiper, located at 4650 W Oakey,...
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