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• SteelWave and Invesco Begin Im-Press-Ive Redevelopment of Former L.A. Times Campus in Costa Mesa
2/06/19
Construction has started on The Press, a reinvention of the former LA Times Orange County printing press warehouse and press room into a reimagined creative work campus and proposed food hall. The 420k sf campus, located at 1...
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• Older San Fernando Property to Be Converted into Creative Office Campus
2/05/19
Alvarez & Marsal Capital Real Estate LLC recently acquired a 4.3-acre site in the southwestern San Fernando Valley community of Tarzana for redevelopment into a creative office campus. The property, located at 18362-18424 Oxn...
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• Crown Realty & Development to Move Forward with 96-Acre Master-Planned Community in North Phoenix
2/04/19
Crown Realty & Development has purchased 96.5 acres and acquired the “Master Developer” rights in North Phoenix’s Desert Ridge master planned community. The property and rights have been the subject of active litigation and ...
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• BKM Capital Partners Closes on Third of Three Recent Light Industrial Portfolio Buys that Total Over $138 Mil
2/04/19
BKM Capital Partners acquired a two-property portfolio in San Diego for $16.6 mil. For BKM, this purchase is one of three recent light industrial multi-tenant portfolio acquisitions, which encompass more than 769.4k sf for a ...
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• Boston Properties, TMG Partners and Valley Oak Partners to Develop 1.1 msf Office Project in downtown San Jose
2/01/19
Boston Properties, TMG Partners and Valley Oak Partners have teamed up to acquire and develop Platform 16, an urban campus near Diridon Station in downtown San Jose. Platform 16 is a 1.1 msf Class A office development locate...
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• TMG Partners and Invesco Real Estate Buy 120k sf Office Building in San Francisco
1/31/19
TMG Partners and Invesco Real Estate have acquired 600 Battery Street, a 120k sf, historic building in San Francisco’s Jackson Square, in a deal that industry sources put at around $120 mil, or $1,000/sf. The asset was sold b...
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• KKR Spends $43.5 Mil on New Inland Empire Distribution Facility
1/31/19
KKR has acquired a recently completed 406.7k sf industrial distribution building in the Inland Empire city of Perris for $43.5 mil ($107/sf). The building was sold by the developer, Rockefeller Group.
The building, located a...
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• Mass Equities and AECOM Capital to Develop Mixed Use Project in Denver
1/30/19
Mass Equities and AECOM Capital Inc have announced plans for a mixed-use development on a 7.8-acre site along Brighton Blvd in Denver’s River North Art District (RiNo). The project, called VARIO, entails transforming an exist...
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• L.A. Area Assisted Living Project on Track with $59 Mil in Financing
1/30/19
Willis Development has obtained $59.4 mil in debt and equity financing for the development of a 113-bed assisted living and memory care facility in Glendale, CA. The project, Sage Glendale Senior Living, will consist of 81 as...
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• Apartment Complex in L.A.’s Echo Park Neighborhood Sells for Over $25 Mil
1/28/19
Morton Gardens, a 66-unit multifamily property in L.A.’s Echo Park neighborhood, sold for $25.5 mil, or $386.4k/unit. The asset, located at 1811-1825 Morton Ave, north of Sunset Blvd and east of Glendale Blvd, was purchased ...
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• Korean Game Developer NHN Global Pays $595/sf for Historic DTLA Building
1/25/19
Korean video game developer, NHN Global, has purchased the historic Pettebone Building in downtown L.A. and will be relocating its headquarters, which is currently in Koreatown, to their new property. The company paid $22 mil...
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• S. D. Malkin Properties to Build Two Beachfront Hotels Totaling 387 Rooms in Oceanside
1/25/19
S. D. Malkin Properties has secured $155 mil in construction financing for the ground-up development of two oceanfront hotels in Oceanside. The loans were arranged by HFF and placed with Bank OZK and an East Coast-based insti...
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• Bixby Land and AXA Investment Managers Acquire 340k sf Inland Empire Facility
1/24/19
A joint venture between Bixby Land Company and AXA Investment Managers - Real Assets has acquired a vacant, 340k sf Class A, industrial building in San Bernardino for $33 mil ($97/sf).
Located at 4982 Hallmark Pkwy, north of...
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• OC Hotel Trades for $199k/room
1/23/19
Pacifica Hotels paid $25.5 mil for Residence Inn by Marriott Anaheim Hills Yorba Linda, a 128-room ($199k/room), select-service extended-stay hotel in the Orange County city of Anaheim.
Residence Inn by Marriott Anaheim Hill...
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• Facebook Finalizes Lease for 800k sf Bay Area Office Project
1/22/19
Facebook has finalized a lease for all of Burlingame Point, a brand new 803k sf office campus currently under construction in Burlingame. Situated on 18.13 acres at the edge of the San Francisco Bay, Burlingame Point is a bes...
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• Bertram Partners Secures $72 Mil of Freddie Mac Money on Three OC Affordable Apartment Properties
1/22/19
Bertram Partners Inc recently obtained two Freddie Mac loans totaling $72 mil, secured by three affordable housing assets totaling 536 units in Orange County. One of the loans is for $41.26 mil and is secured by Continental G...
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• Historic Former Herald Examiner Building in DTLA to Be Redeveloped
1/21/19
The Georgetown Company has obtained $56.4 mil in bridge financing for the redevelopment and renovation of the Herald Examiner Building, a 100k sf, one-of-a-kind, historic building in Downtown Los Angeles. The loan was arrange...
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• TMG Partners Receives Oakland Planning Commission Approval for 750k sf Office Project
1/18/19
TMG Partners received unanimous approval from the Oakland Planning Commission on their proposed office development at 2201 Valley in Oakland. The development will occupy a full city block between Telegraph Ave, Valley St, Wes...
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• San Mateo Res Project on Track with $48.6 Mil in Construction Money
1/18/19
Stockbridge Capital Group and Wilson Meany have secured $48.64 mil in financing for the development of The Morgan at Bay Meadows, an 82-unit, Class A multi-family project in San Mateo. The floating-rate construction loan was ...
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• Kennedy Wilson Collects $120 Mil from sale of Ritz-Carlton, Lake Tahoe Hotel
1/17/19
Kennedy Wilson has sold the Ritz-Carlton, Lake Tahoe hotel to Braemar Hotels & Resorts for $120 mil. In December, Kennedy Wilson also sold a portfolio of hotels located across the U.K. for $54 mil.
Kennedy Wilson and its pa...
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