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• Berkeley Point Provides $28 Mil in Financing for WA Res Community
11/20/13
Berkeley Point recently provided $28.5 mil for the refinancing of Echelon Apartments, a Class A, 254-unit townhouse-style community located in Lakewood, WA. The financing was structured under the FHA 223(a)(7) program that a...
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• Craft Brewery Leases 107k sf San Diego Facility
11/19/13
In one of the largest leases in the San Diego area so far this year, Ballast Point Brewing and Spirits completed a deal for a 106.6k sf facility in the Miramar area. Ballast Point, a craft brewing and distilling company, agre...
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• Auction.com Facilitates $262 mil in Commercial Sales over Recent Two-Week Period
11/19/13
Online real estate marketplace Auction.com LLC facilitated the closing of 27 commercial assets in 22 states during the two-week period between October 23 and November 6, 2013. The sales had a combined total value of more than...
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• Former Brewery Property in San Francisco Being Offered for Sale
11/18/13
Colliers International has been awarded the marketing assignment for The Hamm’s Building, located at 1550 Bryant St in San Francisco’s Mission District. The property is currently owned by a joint venture of TMG Partners and A...
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• Essex Property Trust Pays $121 Mil for San Diego-Area Apartment Asset
11/15/13
Essex Property Trust recently closed a large SoCal multifamily buy, paying $121 mil for Domain by Alta, a newly constructed, 379-unit luxury apartment complex located at 8795 Lightwave Ave in the Kearny Mesa area of San Diego...
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• Drawbridge Realty Trust Spends $36.5 Mil on Rancho Bernardo Office Asset
11/15/13
Drawbridge Realty Trust has acquired a 90.6k sf, Class A office building in the Rancho Bernardo area of San Diego for $36.5 mil, or just over $400/sf. The building, Discovery Corporate Center Building A, is located at 16340 W...
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• Work Begins on New $82 Mil Condo Project in Newport Beach
11/13/13
Construction is underway on Meridian, a new $81.7 mil condo complex in Newport Beach. This is the first, new for-sale residential project in the Newport Center area in more than 20 years. The project is a development of Th...
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• Jay Paul Company Underway with 54-Story Transbay Terminal Office/Res Tower in San Francisco
11/13/13
Jay Paul Company is underway with construction at 181 Fremont, a world-class residential and office tower in San Francisco’s Transbay Transit Center complex neighborhood within the city’s
South of Market (SOMA) district.
18...
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• West Los Angeles Office Campus Taken Over by Riot
11/12/13
Online game developer Riot Games Inc has agreed to a 15-year lease for the entire, 284k sf Element LA office campus located in West Los Angeles. Situated on just over 12 acres along West Olympic Blvd between Bundy Dr and Cent...
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• Fenwick & West Renews 150k sf in Mountain View
11/12/13
Fenwick & West, one of the leading law firms in Silicon Valley, has signed a 15-year lease renewal at 400 Castro St in Mountain View. The firm is the sole office tenant at the six-story, 150k sf building, located west of Hw...
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• Wood Partners Completes 298-Unit Res Project in Warner Center
11/11/13
Warner Park, a $75 mil luxury apartment community in the Warner Center area of the west San Fernando Valley, was just completed and has opened to the public. The amenity-rich project is situated within walking distance of thr...
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• 47k sf Office Property in Calabasas Acquired by Owner/User Insurance Company
11/11/13
A 46.9k sf, two-story office building within the Calabasas Commerce Center sold for $9.5 mil, or about $203/sf. The building, located at 26050 Mureau Rd, was purchased by a public insurance company, which plans to house its o...
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• Continuing Care Retirement Community in the East Bay Opens to the Public
11/08/13
Stoneridge Creek Pleasanton, the first new continuing care retirement community to be built in the East Bay in decades, has been completed and is in the processing of welcoming its first residents. Phase I of Stoneridge Creek...
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• $38 Mil Bay Area Buy is TruAmerica’s Second Major Purchase in as Many Weeks
11/07/13
TruAmerica Multifamily just wrapped its second acquisition in two weeks, paying $38 mil for the Avenel Apartments, a 168-unit ($226k/unit) multifamily complex in San Jose. TruAmerica, a newly formed real estate investment fir...
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• Meridian Capital and Beech Street Capital Arrange $90 Mil Refinancing on Five OC Multifamily Assets
11/06/13
Meridian Capital Group LLC and Beech Street Capital LLC have arranged $90.4 mil in refi money on five separate multifamily properties located throughout Orange County, on behalf of a local owner/operator.
The five propertie...
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• Buchanan Street Partners Spends $52 Mil on AZ Properties
11/05/13
Buchanan Street Partners purchased a 446k sf commercial real estate portfolio from Carlson Real Estate Company for $52.6 mil ($118/sf). The 10-building portfolio was acquired in four separate transactions and includes a mix o...
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• TruAmerica Multifamily Closes $81 Mil Oceanside Apartment Buy
11/05/13
TruAmerica Multifamily wrapped up its first acquisition for the recently launched investment firm, paying $81 mil for Piazza D’Oro, a 221-unit multifamily complex in Oceanside. In addition to apartments, the property, located...
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• G&L Realty Refinances Two Medical Office Portfolios
11/05/13
G&L Realty recently obtained $240 mil in refi loans on two medical office portfolios totaling more than 428k sf in the SoCal region. The transactions were arranged by Reid McGlamery and Michael Zietsman of Jones Lang LaSalle’...
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• Capital One Completes Acquisition of Beech Street Capital
11/05/13
Capital One Financial Corporation completed its acquisition of Beech Street Capital, a privately-held, national originator and servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loan. The terms of ...
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• It's a Goodyear for Lincoln Property Company
11/04/13
Lincoln Property Company (LPC) has announced plans for a second new business park project in Goodyear, AZ, just two weeks after word came out of the initial project. This latest project, called 10 Lincoln, will contain of ove...
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