|
• Retail Opportunity Investment Corporation Buys Three-Property, SoCal Retail Portfolio from Decron Properties
1/29/15
Retail Opportunity Investment Corporation, the NASDAQ-traded shopping center REIT, has purchased a three-property portfolio comprised of neighborhood shopping centers located in core Southern California markets. The assets, w...
|
• Industry Experts Express Continued Optimism in California’s Steady Recovery
1/28/15
Robust job growth coupled with increased consumer confidence is fueling the construction demand for commercial office space, multi-family housing projects, and additional industrial warehousing space through 2017 in six major...
|
• The Westin Market Street Hotel in San Francisco Sells for $350 Mil
1/28/15
LaSalle Hotel Properties (LHO) has acquired The Westin Market Street, a 681-room hotel in San Francisco, for $350 mil. The company funded the acquisition with cash on hand and borrowings from its senior unsecured credit facil...
|
• MG Properties Spends $39 Mil on Temecula Multifamily Asset
1/27/15
San Diego-based MG Properties Group purchased Tuscany Ridge Apartments, a 220-unit multifamily property in Temecula, for $38.85 mil ($177k/unit). The property is located at 41955 Margarita Rd, east of I-15 and north of Rancho...
|
• Prologis Signs Keeco to New 677k sf Inland Empire Facility
1/26/15
Demand for modern distribution space in the Inland Empire remains strong. In a recent example, Keeco LLC signed a 10-year lease with Prologis for a 677.2k sf industrial facility that is still under construction. The facility,...
|
• Embarcadero Capital Partners and Westbrook Purchase El Segundo Office Property
1/26/15
A joint venture partnership between purchased a three-story, 309k sf office building in El Segundo. The property is a former Xerox Corporation facility that is located at 701 South Aviation Blvd, north of Rosecrans Ave and we...
|
• Emmes Asset Management Company Closes San Francisco Office Buy
1/23/15
Emmes Asset Management Company LLC closed on a San Francisco office buy, acquiring a 23-story, 307.4k sf building at 301 Howard Street, in the city’s South Financial District. The building, which includes ground floor retail,...
|
• Waypoint Gets Underway
1/23/15
Waypoint, a two-building, 258k sf Class A office development in Mesa, AZ, just broke ground. The project, a development of Harvard Investments and Lincoln Property Company, is being built in conjunction with the City of Mesa....
|
• Newmark Realty Capital Arranges $38.6 Mil on Palo Alto Office Property
1/22/15
Newmark Realty Capital Inc arranged financing of $38.6 mil ($850/sf) for Menlo Equities on a 45.3k sf office building in Palo Alto that was converted to an internet exchange. The property is strategically located in the city...
|
• TruAmerica Multifamily Partnership Buys 14-Property, 2,669-Unit Multifamily Portfolio
1/22/15
TruAmerica Multifamily, in partnership with a syndicate of domestic and international institutional investors including The Guardian Life Insurance Company of America® (Guardian) and Allstate, has acquired a 14-property, 2,66...
|
• Five-Property LA-Area Multifamily Portfolio Sells
1/22/15
Raintree Partners has purchased a five-property multifamily portfolio totaling 327 units and located in desirable Los Angeles County markets. The acquisition includes Pico Lanai Apartments, a 174-unit community in Santa Monic...
|
• Woodmont Companies Buys Marin County Multifamily Property
1/21/15
Casa Roja Apartments, a 38-unit multifamily property in the Marin County city of Mill Valley, was purchased by NoCal-based Woodmont Companies. Built in 1964, the property is located at 396 Pine Hill Rd, just north of Shorelin...
|
• Quantum Capital Partners Arranges Five SoCal Financings Totaling $74 Mil
1/21/15
Quantum Capital Partners has arranged five separate long-term financings totaling $74.35 mil on properties in Southern California. The transactions enabled each of the borrowers to take cash out of the assets and lock in low ...
|
• Industrial Property Trust Completes 3.9 msf of Acquisitions in the Fourth Qtr of 2014
1/21/15
During the fourth quarter of 2014, Industrial Property Trust Inc ("IPT") acquired 26 industrial buildings totaling approximately 3.9 msf. The assets, located across eight major industrial markets nationwide, wre purchased for...
|
• Construction Started on 151-Unit Downtown LA Res Tower
1/20/15
Trumark Urban is underway with development of a 22-story, 151-unit luxury condominium in downtown Los Angeles. Construction, which started last week and is expected to be completed in 2016, was funded with a $77.8 mil senior ...
|
• Kearny Mesa Office Property Sells
1/20/15
TIAA-CREF has acquired Copley Corporate Center, a three-story, 120.5k sf Class A office building in San Diego’s Kearny Mesa area. Located at 5855 Copley Dr, east of I-805 and south of Hwy 52, the property is 100% leased to Ra...
|
• AIMCO Pays $18 Mil for 140-Unit CO Multifamily Asset
1/16/15
Eastpointe Apartments, a 140-unit multifamily community in Boulder, CO, sold for $18 mil, or about $128.6k/unit. It was acquired by Apartment Investment and Management Company (AIMCO).
Built in 1974, the property is situated...
|
• Panattoni Development Acquiring 15 Acres in Davis for New Office/Lab/Tech Project
1/16/15
Here’s news of significant development plans out of the Sacramento area, as Panattoni Development Company is in escrow to acquire an undeveloped 14.81-acre site in Davis for a new commercial project.
Panattoni plans to deve...
|
• CapRock Partners Buys 158k sf OC Biz Park
1/15/15
In a recent OC off-market buy, CapRock Partners LLC purchased Canyon Commerce Center, a 158k sf, multi-tenant industrial park in Anaheim. It was acquired from a major, unnamed life insurance firm. The price was not given out....
|
• Joint Venture Buys Los Angeles Marriott Burbank Airport Hotel
1/14/15
A joint venture of AWH Partners LLC and Starr Companies has purchased the Los Angeles Marriott Burbank Airport, a 488-key, full-service, Marriott-branded hotel and conference center in Burbank. It was sold by a privately-own...
|
Return to the Home Page area
