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• Hudson Pacific Properties and Blackstone Property Partners Form Venture to Acquire and Renovate 1.45 msf Asset in Vancouver, Canada
3/28/19
Hudson Pacific Properties Inc is teaming up in a joint venture with an affiliate of Blackstone Property Partners (BPP) to acquire and renovate the 1.45 msf Bentall Centre office and retail complex in Vancouver, Canada. Hudson...
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• Bentall Kennedy Pays $105 Mil for 1.12 msf NoCal Facility Occupied by Amazon
3/28/19
Bentall Kennedy (U.S.) Limited Partnership completed a $105.3 mil industrial acquisition in Stockton on behalf of its US Core Fund. The 1.12 msf ($94/sf) building, previously one of the largest spec industrial developments in...
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• RAF Pacifica Group Spends $60 Mil on Five Properties in Carlsbad
3/27/19
San Diego-based RAF Pacifica Group (RPG) recently acquired a five-property portfolio of creative and value-add assets in Carlsbad. The six-building purchase consists of one two-building creative-office campus, three creative ...
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• Unique Corp HQ Property in Las Vegas Hits the Market
3/26/19
We thought we’d share this news of an interesting property in Las Vegas to hit the market. The listing is for the Zappos.com corporate headquarters property in downtown Vegas.
Situated on 7.31 acres at 400 Stewart Ave, the...
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• ALDI-Anchored Center in South Gate Sells for Over $500/sf
3/26/19
The Crossroads @ Firestone, a 53.3k sf, ALDI-grocery-anchored shopping center in South Gate, sold for $29.5 mil ($553/sf). SAFCO Capital Corporation of Los Angeles purchased the asset from Catellus Development Corporation of ...
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• Space Investment Partners Closes $24.5 Mil Acquisition in Costa Mesa
3/26/19
Space Investment Partners has acquired Back Bay Center, a 58k sf, mixed-use retail and office property in Costa Mesa, in a $24.5 mil transaction. The property is located at 2651-2675 Irvine Ave, just south of confluence of th...
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• AZ Residential Community Gets New Owner in $84 Mil Transaction
3/22/19
Broadstone Roosevelt Row, a new, 316-unit Class A, luxury rental community centrally located in the heart of Downtown Phoenix’s iconic Roosevelt Row Arts District, changed hands in an $84.2 mil ($266.5k/unit) transaction. Th...
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• Amazing Aerial of California Poppies in Bloom
3/22/19
We thought you might enjoy this great shot over the Lake Elsinore, Wildomar and Sedco Hills areas here in Southern California, with the California Poppies in full bloom.
This photo was provided to us by Fred Emmert, owner of...
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• Stirling Development Teams Up with Prologis in Future development at Southern California Logistics Airport in Victorville
3/21/19
Stirling Development has entered into a joint venture with Prologis, who will take over as 50% capital partner for Stirling Capital Investments. Together, the two companies plan to continue the build-out of the Southern Calif...
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• OC Retail Center Refinanced with $101 Mil in Bridge Money
3/20/19
DJM Capital Partners Inc has obtained $101.3 mil in non-recourse bridge debt for La Habra Marketplace, a 375k sf, 37-acre open-air regional shopping center in La Habra. Dual-anchored by two top-name grocery stores, Sprouts an...
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• JLL to Acquire HFF in $2 Bil Deal
3/19/19
Real estate services firm JLL has agreed to acquire HFF in a deal worth about $2 bil in cash and stock. The deal, valued at just over $49 per share for HFF’s stock, still needs HFF shareholder approval. Both companies’ boards...
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• San Diego County Entertainment Center Trades in Deal Worth Around $66 Mil
3/19/19
Vista Village, a 195k sf entertainment-focused neighborhood shopping center in North County San Diego, traded hands in a recent deal. Although the price was not immediately disclosed, we’ve heard the deal was worth around $66...
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• Reliant Group Management Spends $116 Mil on Bay Area Res Portfolio
3/15/19
San Francisco based Reliant Group Management has acquired a multifamily portfolio consisting of seven properties in six Bay Area cities, for $116 mil. The purchase totals 603 apartment units ($192.4k/unit) with a combined 478...
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• StarPoint Properties Acquires 346-Unit Multifamily Property in Texas
3/15/19
StarPoint Properties has acquired Legends at Chase Oaks, a 346-unit Class A multifamily community in the high-growth city of Plano, TX. The price was not disclosed.
Built in 1997, the Legends at Chase Oaks consists of 32 two...
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• Family Investment Entity Picks Up 92k sf Retail Center in San Diego County
3/15/19
Escondido Valley Center, a 92.2k sf shopping Center in Escondido, was acquired by an OC-based family trust. The center, anchored by ALDI, HomeGoods and BevMo, is located at one of the busiest regional intersections in the cit...
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• New AZ Industrial Complex Sells for $27 Mil
3/14/19
AZ|60 Industrial, a two-building, 225.6k sf industrial asset in Gilbert, AZ, was acquired for $27 mil ($120/sf) by U.S. Trust, Bank of America Private Wealth Management, on behalf of a family office. The brand new core, state...
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• 1.1 msf Phase 1 Completed at 215-Acre, AZ Industrial Development
3/13/19
Construction has been completed on Ten Distribution Center Phase I, a 1.1 msf, spec industrial development in Phoenix. The project, a development of Irwin G. Pasternack AIA + Associates PC, was built by Graycor Construction C...
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• Invesco Real Estate and TMG Partners Buy 118k sf Creative Office Building in San Francisco’s Jackson Square
3/13/19
Invesco Real Estate and TMG Partners acquired 600 Battery Street, a Class A, 118k sf creative office building in San Francisco’s Jackson Square submarket. Orignally constructed in 1938, the building was fully renovated in 200...
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• Class A Multifamily Portfolio Refinanced with $700 Mil in Fannie Mae Money
3/13/19
CBRE has arranged a $700 mil loan for the refinancing of the Modera Portfolio; a nine-building collection of Class A+ multifamily assets located across the United States.
Andrew Behrens and Jesse Weber of CBRE Capital Marke...
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• Santa Clara Office Project Funded with $92 Mil in Construction Money
3/12/19
Bayview Development Group has secured $91.7 mil in financing for the development of Lawrence Station, a five-story, Class A spec office project in Santa Clara. The construction loan was arranged by HFF and funded through Broa...
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