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• CO Biz Park Sells for Over $14 Mil
2/19/14
Platte Airpark Center, a 137.6k sf R&D office/flex complex in Colorado Springs, recently sold for $14.35 mil, or just over $100/sf. The complex is located at 320-480 Wooten Rd, on the corner with East Platte Ave, near Peterso...
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• Woodridge/Oaktree Partnership Acquiring San Francisco’s Mark Hopkins Hotel for $120 Mil
2/18/14
Michael Rosenfeld’s Woodridge Capital Partners and Oaktree Capital Management are teaming up on another major California hotel buy, as the venture is in the process of acquiring the world-renowned Mark Hopkins Hotel at One No...
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• Lowe Enterprises to Entitle and Develop former Marine Corps El Toro Air Station in Irvine
2/18/14
The Orange County Board of Supervisors recently approved a comprehensive agreement with Lowe Enterprises to entitle and develop the County’s 100+ acres of land at the former Marine Corps Air Station El Toro in Irvine. The ag...
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• San Fernando Valley Apartment Community Refinanced with $18.4 Mil Loan
2/18/14
Jeff Kearns, Vice President in Johnson Capital’s Irvine office, has arranged an $18.42 mil loan secured by a 200-unit apartment complex in the central San Fernando Valley community of Van Nuys.
The property is known as Ficke...
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• China’s Greenland USA to Add a Metropolis to a Metropolis
2/17/14
Greenland USA’s $1 bil Metropolis Los Angeles project will be one of the largest mixed-use developments on the West Coast and is expected to reshape the Downtown Los Angeles urban landscape. Metropolis is the first investment...
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• Private Investors Pay $200k/Unit for San Fernando Valley Apartment Complex
2/17/14
Villa Fontaine, a 71-unit apartment complex in the southeastern San Fernando Valley community of Valley Village, sold for $14.2 mil ($200k/unit). The property is located at 11850 Riverside Dr, north of the 101 Fwy and east of...
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• American Realty Capital and ValueRock Realty Partners Form Joint Venture Ownership of 181k sf OC Retail Center
2/13/14
New York-based American Realty Capital (ARC) and Irvine-based ValueRock Realty Partners, Inc recently completed a joint venture partnership for the ownership of The Commons at Aliso Viejo Town Center. Built in 2004 and situat...
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• CIM Group Acquires LA’s Two California Plaza as Part of Troubled Asset Portfolio Buy
2/12/14
One of downtown Los Angeles’ tallest office high-rises just traded hands, as CIM Group has purchased the Class A Two California Plaza tower as part of a seven-asset troubled portfolio the firm acquired from special servicer C...
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• Chinese Investor Buys Historic San Francisco Building
2/12/14
A high net-worth Chinese investor has purchased 211 Sutter Street, an historic trophy retail and creative office building in San Francisco. Built in 1907, the 10-story building contains a total of 37.6k sf of space. The pric...
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• City of Hope Leases 168k sf of Space in Irwindale
2/12/14
The City of Hope signed a 10-year lease for 167.7k sf of space in the eastern San Gabriel Valley city of Irwindale. The space is located at 4920 Rivergrade Rd, south of Live Oak Ave, on the east side of I-605.
The space, whi...
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• Torrance Multifamily Complex Fetches $39 Mil
2/12/14
The Milano Apartments, a 248-unit apartment complex with an interesting history in the South Bay city of Torrance, was acquired by Los Angeles-based M West Holdings LLC for $38.7 mil, or about $156k/unit. Built in 1964, the p...
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• Greenfield Partners Saves Former Televangelist Church Property in Downtown LA
2/11/14
A 13-story office building from 1927 in downtown Los Angeles has been renovated into a 182-room hotel that retains much of the building’s unique historic grandeur. Known for much of its life as the United Artists office build...
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• Beverly Hills Retail Building Recapitalized with $120 Mil in Financing
2/11/14
Mesa West Capital has provided ECA Capital with $120.2 mil in financing to recapitalize a 20.7k sf, three-story retail building in the heart of Beverly Hills. The financing included $30.2 mil of mezzanine debt and preferred ...
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• Anaheim Industrial Market Gets Intense
2/11/14
Intense Lighting agreed to a seven-year lease for 153.9k sf of industrial space in Anaheim. The property is located at 3340 E. La Palma Ave, east of the 57 Fwy and just north of the 91 Fwy. Intense Lighting will occupy the sp...
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• Historic Star News Building in Pasadena Sells for $16.5 Mil
2/10/14
Greenbridge Investment Partners acquired the historic Star News Building, a 63.9k sf property located at 525 E. Colorado Blvd in downtown Pasadena, for $16.55 mil ($259/sf). The property was sold through a bankruptcy proceedi...
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• Stockbridge Pays $60 Mil for Cypress Industrial Project
2/10/14
Stockbridge purchased Cypress Distribution Center, a 100% leased, 543.4k sf, Class A industrial project in Cypress, for $60 mil, or $111/sf. The property, located at 6550 Katella Ave and 11130 Holder St, was sold by Colony Re...
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• Pathfinder Partners and Vesta Hospitality Acquire La Quinta Hotel
2/07/14
Marking its first investment in the hotel industry, San Diego-based Pathfinder Partners LLC has partnered with Vesta Hospitality to acquire the 129-room hotel, an extended stay property at 45-200 Washington Street in La Quint...
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• Bentall Kennedy Buys City of Commerce Distribution Facility
2/07/14
Bentall Kennedy has acquired Randolph Business Center, a 400.2k sf, 100% net-leased warehouse distribution facility in the City of Commerce. The property, located at 5959 Randolph St, was sold by CG-LINA Paperbox LLC and West...
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• The STG Group Closes $62 Mil Acquisition in Oakland City Center
2/06/14
The STG Group has acquired City Square, the landmark, mixed-use asset in located in the downtown Oakland City Center. The 163.7k sf property sold for $62 mil, or $379/sf.
Prominently situated in the East Bay’s premier busine...
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• Merlone Geier Partners Spends $49 Mil on Inland Empire Power Center
2/06/14
In a notable Inland Empire retail acquisition, Merlone Geier Partners bought Vernola Marketplace, a 211k sf power center located in Jurupa Valley. The asset was purchased from a joint venture between Rockwood Capital, Equity ...
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