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• Kilroy Realty Corporation Expected to Collect over $1 Bil from Sale of San Francisco Office Property
3/10/21
Kilroy Realty Corporation has signed a definitive agreement to sell The Exchange on 16th, a 750k sf office property located at 1800 Owens St in San Francisco’s Mission Bay neighborhood, for $1.08 bil, or approximately $1,440/...
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• NNC Apartment Ventures Entity Closes $64.5 Mil AZ Multifamily Buy
3/10/21
In a very newsworthy AZ multifamily trade, an entity formed by OC-based NNC Apartment Ventures LLC acquired Village at Aspen Place, a 222-unit, Class A res property in Flagstaff for $64.5 mil ($290.5k/unit). The mixed-use lux...
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• Recently Developed San Francisco Res Project Lands $104 Mil in New Financing
3/09/21
Panoramic Interests has locked up new financing of $104 mil on City Gardens, a recently developed, 200-unit multi-housing property located in San Francisco.
City Gardens consists of two-, four- and five-bedroom micro-units,...
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• Oakland Office Building Trades in $400 Mil Deal
3/08/21
In a major Bay Area office trade, Mapletree Investments, out of Singapore, has purchased Uptown Station, a Class A, 397k sf office/retail building in Oakland. The 1920s-era property was sold by CIM Group in a transaction said...
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• Pacific Equity Properties Secures $130 Mil in Construction Money for Malibu Mixed-Use Project
3/08/21
Pacific Equity Properties Inc has secured $130 mil in construction financing from Related Fund Management for Cross Creek Ranch Malibu, an architecturally significant 112k sf mixed-use development in Malibu.
The loan was sou...
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• Advanced Real Estate Spends $58 Mil on Irvine Multifamily Community
3/08/21
Advanced Real Estate has just wrapped up its first purchase of 2021, paying $58 mil for Axis 2300, a 115-unit ($504k/unit) multifamily property in Irvine. The community was sold by by Essex Property Trust.
The property was...
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• Hollywood Creative Office Building Lands $28 Mil Refi
3/05/21
Vanbarton Group LLC has refinanced its 6725 Sunset Blvd creative office building with a new floating-rate loan for $28.1 mil. The new loan for the 73.9k sf, Class A building was arranged by JLL Capital Markets and funded thro...
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• New Residential / Retail Project Approved by San Francisco Planning Commission for City’s Mission District
3/05/21
The San Francisco Planning Commission has approved 321 Florida, a residential and retail arts project at Florida and 16th Streets in the city’s Mission District. The project is being developed by a venture between DM Developm...
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• BioScience Properties and Harrison Street Pay $40 Mil for Mountain View Building
3/04/21
A joint venture between BioScience Properties and Harrison Street purchased a 67k sf building in Mountain View for $40.75 mil ($608/sf). In light of strong demand for life science laboratory facilities, the buyer plans to imp...
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• Signature Development Group Lands $130 Mil in Construction Money for Oakland Res Project
3/04/21
Signature Development Group has obtained $130 mil in construction financing for the development of Brooklyn Basin – Parcel G in Oakland. The project is fully entitled for 371 multifamily apartment homes and 31k sf of retail s...
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• Commercial Financing Briefs
3/03/21
SQUARE MILE CAPITAL - JPI Companies has secured a $69.75 mil loan on its JPI Pacific Beach property, a 172-unit multifamily asset in San Diego’s Pacific Beach submarket. The loan was provided by Square Mile Capital and will r...
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• West L.A. Apartment Portfolio Sells for $72.6 Mil
3/03/21
Westside Collection, an eight-property, 212-unit multifamily portfolio located on L.A.’s Westside, sold in a recent transaction for $72.65 mil, which equates to $342.7k per unit. The properties were owned by the same partners...
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• Vista Investment Group Spends Over $30 Mil on Its First CO Acquisition
3/02/21
Vista Investment Group has acquired Signature Centre, a five-story, 185.7k sf Class A office building in Denver, for $30.475 mil ($164/sf), marking the Los Angeles-based real estate investment firm’s entry into Colorado. Loca...
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• Newly Built Hollywood Apartment Project Lands $138 Mil in Financing
3/02/21
Rescore Property Corporation has obtained a $138 mil loan secured on The Rise Hollywood, a newly constructed, 369-unit multifamily property in Hollywood. The loan, provided by Square Mile Capital, will replace the existing co...
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• EverWest Real Estate Investors Pays $66.5 Mil for Industrial Portfolio in Denver Airport Area
3/02/21
EverWest Real Estate Investors has acquired Tower Business Center, a new, two-building 423k sf industrial portfolio in Aurora, CO, for $66.45 mil ($157/sf). Located in the Denver airport submarket, the portfolio is fully occ...
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• Waterford Property Company and California Statewide Communities Development Authority Buy 400-Unit Res Community in Anaheim
3/01/21
Waterford Property Company, in partnership with the California Statewide Communities Development Authority (CSCDA), has acquired Jefferson Platinum Triangle, a transit-oriented, 400-unit apartment community located in the Pla...
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• Meta Housing Corporation and LA Family Housing Start Work on L.A. Area Supportive Housing Community
3/01/21
Meta Housing Corporation and LA Family Housing have broken ground on Silva Crossing, a 56-unit, permanent supportive housing community located in the northeastern San Fernando Valley community of Sylmar. The $30.5 mil develop...
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• Courtyard San Diego Downtown Hotel sells for $64.5 Mil
3/01/21
The Courtyard San Diego Downtown, a 245-key hotel located in Downtown San Diego, traded hands in a $64.5 mil ($263.3k/key) transaction. The asset was sold by Hersha Hospitality Trust.
The historic Courtyard San Diego Downtow...
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• Black Creek Group Underway with Bay Area Distribution Project
2/26/21
Black Creek Group has broken ground on a new 481.5k sf industrial development in the city of Richmond. The distribution project, situated on a 34-acre site at 500 Pittsburg Ave, near the intersection of Pittsburg Ave and Rich...
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• Hines Global Income Trust Spends $68 Mil on Silicon Valley Office/R&D Building
2/25/21
Hines Global Income Trust Inc has acquired a 129.2k sf, single-tenant office, research and development building in Santa Clara in a deal estimated to be worth $68 mil, or around $525/sf. The building is located at 5301 Patric...
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