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• Continental Realty Advisors Ltd and MLG Capital Team Up in $53 Mil AZ Res Buy
12/05/18
Tempe Metro, a 408-unit apartment community in Tempe, AZ, was acquired by Continental Realty Advisors Ltd and MLG Capital in a recent $53.5 mil ($131k/unit) deal.
Completed in 2010, Tempe Metro features studios, one-, two- a...
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• Shopping Center in L.A.’s Pico-Robertson Area Trades for $50 Mil
12/04/18
The Balcony at Beverwil, a fully leased, 71.2k sf shopping center in the Pico-Robertson area of West Los Angeles, sold for $50.25 mil, or about $705/sf. The property, located at the southeast corner of Pico Blvd and Beverwil ...
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• Landmark Hotel in Downtown Sacramento to be Redeveloped into a 172-Room Hyatt Centric City Center
12/04/18
Downtown Sacramento will soon have a new boutique hotel added to the city’s mix of hospitality choices, as Presidio Companies has obtained $49.66 mil in construction financing for for the redevelopment of the historic Marshal...
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• WA Office Asset Trades in $134 Mil Deal
12/03/18
Clarion Partners purchased Plaza Yarrow Bay, a four-building, 284.3k sf office campus in Kirkland, WA. The multi-tenant asset, located at 10220 NE Points Drive, 10230 NE Points Drive, 10210 NE Points Drive and 3933 Lake Wash...
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• TH Realty Spends $43 Mil on Life Science Building in Sorrento Mesa
12/03/18
TH Realty purchased an 82k sf, two-story, Class A Life Science building located in San Diego’s Sorrento Mesa submarket for $43.2 mil, or $527/sf. The property was sold by Bollert | Lebeau.
The building is located at 10222 Ba...
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• Navarra Properties’ Multi-Phase SuperBlock@I.D.E.A. District in San Diego’s East Village is Well Underway
11/30/18
Here’s the latest info on Navarra Properties’ SuperBlock@I.D.E.A. District, a multi-phase, mixed-use development in San Diego. The project is situated on an approximately 2.75-acre site bounded by E, F, 14th and 15th St in Do...
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• BPM Real Estate Group Lands $115 Mil in Construction Money for New 326-Room Radisson Blu Hotel in Anaheim
11/29/18
BPM Real Estate Group has obtained a $115 mil, non-recourse senior construction loan for the ground-up development of a 326-key, four-star Radisson Blu hotel in Anaheim. The hotel, located at 1601 S. Anaheim Blvd and situated...
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• Irvine Residential Community Trades in $118 Mil Transaction
11/29/18
In one of the largest multifamily sales in Orange County for 2018, Texas-based Olympus Property purchased Fusion Apartments, a 280-unit residential community in Irvine. The asset was sold by Georgia-based 360 Residential in a...
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• Spec Office Project in the Bay Area to Move Forward with $65 Mil in Construction Financing
11/28/18
Acclaim Companies has secured $65.7 mil in non-recourse construction financing for 855 Main Street, a 100k sf, spec office development in downtown Redwood City. Menlo Park-based Acclaim received entitlement approvals for the ...
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• Creative Office Asset in Long Beach Trades in $60 Mil Deal
11/27/18
The Hubb, a 210.4k sf creative office property in downtown Long Beach, traded hands in a recent $60.5 mil ($288/sf) transaction. The asset, situated on a full city block totaling just over two acres at 100 West Broadway, was ...
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• Leasing Assignment for 1 msf San Diego Waterfront Project Goes to Cushman & Wakefield
11/27/18
Manchester Financial Group has awarded Cushman & Wakefield the leasing assignment for Manchester Pacific Gateway, a new mixed-use waterfront development in Downtown San Diego. The world class project is slated to feature over...
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• New Milpitas Residential Community Opens to the Public
11/26/18
The Edge, a six-story, 381-unit apartment community in Milpitas, has opened to the public. The project was built by SCS Development and will be managed by Legacy Partners.
The Edge is located at 753 Montague Expwy. It featur...
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• Davlyn Investments Buys 125-Unit Inland Empire Residential Community
11/26/18
Davlyn Investments paid $34.8 mil for The Summit, a 125-unit ($278.4k/unit) multifamily property in Chino Hills. The upscale, Class A community represents Davlyn’s tenth acquisition in the Inland Empire.
Constructed in 1990,...
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• 90k sf Office Asset in Marin County Trades Hands
11/21/18
An investment entity led by Mark Hutchinson and Doug Twillman of San Francisco-based Dunhill Partners West picked up Woodside Office Center, an 89.5k sf, three-story Class A suburban office property in the affluent Marin encl...
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• Commercial Real Estate Financing Briefs
11/20/18
GEORGE SMITH PARTNERS -- Zack Streit, Malcolm Davies, Evan Kinne, Rachael Lewis, Alexander Rossinsky and Aiden Moran with George Smith Partners arranged $45 mil in non-recourse financing for a mixed-use production studio and ...
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• Rancho Cucamonga Warehouse Property Trades for Record $147/sf
11/20/18
Deutsche Wealth Services acquired a 468.7k sf industrial warehouse in Rancho Cucamonga for $68.95 mil ($147/sf). The property, located at 9050 Hermosa Ave, was sold by TH Real Estate, an affiliate of Nuveen (the investment ar...
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• TA Realty Buys El Monte Community Shopping Center
11/19/18
Santa Fe Trail Plaza, a 112.3k sf community shopping center in El Monte, was acquired by Newport Beach-based TA Realty. The price was not disclosed.
Recently completed in 2016, Santa Fe Trail Plaza is situated on 9.2 acres o...
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• Bolour Associates Secures Refi Loan on Recently Renovated OC Office Building
11/19/18
Bolour Associates Inc has refinanced a four-story, 72k sf office building in Mission Viejo they acquired in April 2018 for $21.5 mil. The building, situated on 3.9 acres at 27410 Los Altos, was sold by Bixby Land Company.
B...
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• Decron Properties Closes 208-Unit Silicon Valley Multifamily Buy
11/16/18
Decron Properties has acquired Willow Creek, a 208-unit multifamily community in San Jose, for $84.6 mil, or about $407k/unit.
Built in 1985, Willow Creek consists of a mix of one- and two-bedroom floor plans. All units inc...
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• Rexford Industrial Realty Spends $40 Mil on Two SoCal Assets
11/16/18
Rexford Industrial Realty Inc recently picked up two SoCal industrial properties for a combined $40.3 mil. The acquisitions were funded using available cash on hand. With these deals, Rexford has completed over $411 mil of ac...
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