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• CapRock Partners Picks Up 26 Acres in Sorrento Mesa for Industrial Development
8/15/18
CapRock Partners acquired a 26-acre land site in San Diego’s Sorrento Mesa submarket for development of an industrial project. Acquired from a private investor, this site will enable CapRock to provide build-to-suit solutions...
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• Lincoln Property Company Pays $568/sf for Seattle Office Building
8/14/18
Lincoln Property Company has purchased 501 Eastlake, a 103.5k sf, five-story office building located in Seattle’s vibrant South Lake Union submarket, for $58.75 mil ($568/sf). The property is 79% leased to a high quality and ...
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• Broadreach Capital Partners and Rockwood Capital Start Work on $250 Mil Mixed-User in Mountain View
8/14/18
Broadreach Capital Partners and partner Rockwood Capital have broken ground on the Ameswell Mountain View, a $250 mil, mixed-use development comprising a 220k sf, Class A office building and 255-room modern luxury hotel locat...
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• Silicon Valley Multifamily Project Lands $121 Mil in Development Money
8/13/18
In a large multifamily financing deal out of Silicon Valley, Anton DevCo has obtained a $121.7 mil participating mortgage for the development of Anton Milpitas 730, a 266-unit, Class A multi-housing community with 1.8k sf of ...
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• Carlsbad Office Complex Fetches $17.4 Mil
8/10/18
In a recent Carlsbad office buy, Coseo Properties Inc paid $17.4 mil for a modern, 99.8k sf ($174/sf) office complex, situated within the prestigious 560-acre Carlsbad Research business/R&D park. The “best-in-market” creative...
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• TruAmerica Multifamily and Intercontinental Real Estate Corporation Buy 527-Unit TOD Apartment Community in La Mesa
8/09/18
TruAmerica Multifamily has teamed up with Intercontinental Real Estate Corporation in the purchase of the leasehold interest in the largest transit-oriented development in San Diego County, the 527-unit Alterra & Pravada at G...
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• Academy West Investments Acquires 395-Bed Housing Complex Adjacent to University of Nevada, Reno
8/09/18
Academy West Investments (AWI), out of Orange County, has acquired Wolf Run Village and Wolf Run East, a residential housing complex located at the University of Nevada, Reno. The purchase was funded with $33.1 mil in joint...
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• Burbank Industrial Park Trades for $85 Mil
8/08/18
BKM Capital Partners has acquired Backlot Burbank, a 12-building, 302.9k sf industrial business park in the city of Burbank. The property was sold for $84.75 mil by a joint-venture between Shubin Nadal Associates and Penwood ...
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• Pathfinder Partners Completes Its Fifth Res Buy in the Denver Metro in the Past 18 Months
8/08/18
In a recent Colorado multifamily buy, Pathfinder Partners, out of San Diego, purchased Verona Park Apartments, a 119-unit community in the Denver metro area, for $18.3 mil ($154k/unit).
Built in 1972, the community is situa...
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• Acadia Realty Trust Closes $59 Mil Sacramento-Area Retail Buy
8/07/18
Elk Grove Commons, a 241.9k sf retail center in the Sacramento region, was recently acquired by Acadia Realty Trust for $59.3 mil, or $245/sf. The property, located at 9624 Bruceville Rd, was 100% occupied at the time of sale...
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• Scottsdale Creative Office Campus Sells for Around $50 Mil
8/07/18
The Quad, a 14-building, 166.6k sf creative office project in Scottsdale, AZ, was sold by a venture consisting of EverWest, WHI Real Estate Partners LP and George Oliver Companies, who redeveloped what had been a 1982-built e...
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• New Res Project in L.A.’s Koreatown Lands $22 Mil in Financing
8/07/18
A joint venture between Index Real Estate Investments Inc and Ketter Construction has secured $22.3 mil in financing for the ground-up development of a 51-unit workforce multifamily property with 3.4k sf of ground-floor retai...
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• Admiral 2R Management Closes on Office Buys in Phoenix and San Diego
8/06/18
Admiral 2R Management LLC closed on two office property buys, acquiring The Madison office complex in Phoenix and the Balboa Executive Center office building in San Diego. These acquisitions, totaling 298k sf of space, are t...
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• Gelt Buys 588 Res Units in San Antonio
8/06/18
Gelt Inc has acquired a two-property apartment portfolio totaling 588 units in San Antonio, TX. The two adjacent properties include Barcelo, a 288-unit community located at 3501 Pin Oak Drive, and Melia, a 300-unit community ...
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• Medical Office Asset in Kearny Mesa Trades for $27.5 Mil
8/03/18
Vista Investment Group has acquired Seville Plaza, a 140.1k sf office property in San Diego’s Kearny Mesa submarket. The property was purchased in an off-market deal worth $27.5 mil ($196/sf).
::img12139:Seville Plaza is a ...
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• Lincoln Property Company-Led Venture Buys 90k sf Office Asset in Newport Beach
8/03/18
In a notable office buy in Newport Beach, a joint venture between Lincoln Property Company and an institutional advisor has purchased a seven-story, 90.7k sf building located at 1500 Quail St for $32.14 mil ($354/sf). The pro...
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• Colorado Residential/Retail Development Refinanced with $118 Mil Senior Loan
8/03/18
PCCP LLC has issued a $118.5 mil senior loan to a joint venture between Sightway Capital, The Pollin Group, and Catalina Development Company for the refinance and stabilization of Forum Fitzsimons, a new construction, multifa...
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• Honey to Sweeten L.A. Arts District Office Market
8/02/18
By Allen Wolfsheimer
Honey, an online coupon firm, has agreed to lease an entire 130k sf building in downtown L.A.’s Arts District that was constructed and occupied by Coca-Cola as a syrup manufacturing plant. According to a...
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• Lincoln Property Company and Rockwood Capital Spend $38 Mil on San Francisco Office Asset
8/02/18
Lincoln Property Company has teamed up with Rockwood Capital LLC in the purchase of an historic, 45k sf office building in San Francisco. The nine-story building, located at 332 Pine St, was sold for approximately $38 mil ($8...
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• West Coast Capital Partners Completes Office Buy in Cerritos
8/02/18
West Coast Capital Partners has acquired 12800 Center Court Drive South, a five-story, 105k sf Class A office building in Cerritos. The property was sold by an affiliate of Transpacific Development Company.
Built in 2009, th...
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