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• Nicola Crosby Spends $25.5 Mil on WA Office Building
3/29/18
Nicola Crosby has purchased Swift Gateway, a 68.3k sf office building in Bellevue, WA, for $25.5 mil ($373/sf). The seller was Swift Real Estate Partners, an independent real estate investment firm, based in San Francisco.
T...
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• Kearny Real Estate Company and PCCP LLC Break Ground on First Phase of Otay Crossings Commerce Park
3/28/18
A partnership of Kearny Real Estate Company and PCCP LLC has broken ground on Phase 1 of its 311-acre Otay Crossings Commerce Park, adjacent to a new U.S.-Mexico Point of Entry (POE) in Otay Mesa, in San Diego County.
Kear...
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• Black Creek Group Buys 743k sf Inland Empire Industrial Portfolio
3/27/18
Black Creek Group, out of Denver, has purchased a portfolio of three adjacent industrial warehouses, totaling 743.4k sf in Colton. The portfolio consists of a 121.2k sf property located at 2036 Miguel Bustamante Pkwy, a 175k ...
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• Hayward Distribution Facility Trades in Transaction Worth around $93 Mil
3/27/18
Hayward 92 Industrial Center, a 237k sf, LEED-certified distribution property in the East Bay city of Hayward, was purchased by an international institutional asset management company in a transaction worth $395/sf, which wor...
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• Kelemen Caamano Investments Lands $34 Mil Bridge Loan on Irvine Office Park
3/26/18
Kelemen Caamano Investments (KCI) obtained a $34 mil bridge loan on Corporate Pointe, a five-building portfolio located at 1, 3, 5, 7 and 9 Corporate Park in Irvine. The financing was arranged by Joe Giordani and John Marshal...
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• Commercial Real Estate Financing Briefs
3/23/18
NorthMarq Capital -- Stuart Oswald with NorthMarq Capital arranged construction financing of $29.3 mil for Quail Park at Shannon Ranch, a 120-unit senior housing property located in Visalia, CA. The community will open early ...
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• Mass Equities Inc and and AECOM Capital to Develop 522k sf Mixed-Use Project in Denver’s RiNo Art District
3/23/18
Mass Equities Inc and and AECOM Capital have teamed up for the development of a Class A, 522k sf mixed-use project in Denver’s emerging River North (RiNo) Art District. The development is slated to occupy a 7.8-acre site at 2...
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• The Ratkovich Company and Jericho Development Share Updated Plans and Timeline for San Pedro Public Market Project
3/22/18
The Ratkovich Company (TRC) and Jerico Development Inc have unveiled new renderings, timeline, and updates for the San Pedro Public Market (SPPM) on the LA Waterfront. The plans showcase a world-class, urban waterfront destin...
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• CIM Group Starts Work on Multifamily Development in Oakland’s Jack London Square
3/21/18
CIM Group has begun construction of an eight-story, residential development featuring 333 apartments and ground floor retail at 40 Harrison St at Jack London Square, a 12-acre entertainment and business destination on Oakland...
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• Strategic Legacy Investment Group About to Break Ground on New 21-Unit Res Project in Hollywood
3/21/18
Strategic Legacy Investment Group Inc (SLIG) is about to begin work on a new multifamily development in Hollywood called The Reality @ Tamarind North. SLIG has already commenced demolition of the existing properties at the si...
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• Alameda Point Partners to Move Forward with Waterfront Development at Alameda Point
3/19/18
The first phase of the 68-acre Site A parcel at Alameda Point was transferred from the City of Alameda to Alameda Point Partners (APP), the City’s private partner for the project. Alameda Point Partners is a joint venture bet...
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• Walnut Creek Office Complex Sells for about $500/sf
3/19/18
Rockwood has acquired Growers Square, a 195.4k sf, Class A office complex in the East Bay city of Walnut Creek. According to industry sources, the three-building campus sold for about $98 mil, or around $500/sf.
Located at ...
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• Office Asset in San Diego’s Governor Park Area Trades for $10.8 Mil
3/15/18
Governor Plaza, a 38.6k sf, multi-tenant office building in San Diego’s desirable Governor Park area, was purchased by a private investor for $10.825 mil ($280/sf). The two-story building sits on 2.4 acres at 5151 Shoreham Pl...
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• The Calida Group Acquires 180-Unit Apartment Property in Las Vegas
3/15/18
The Calida Group has obtained a $24.06 mil senior loan for the acquisition and renovation of Hampton Garden, a 180-unit apartment property located in the Summerlin/Spring Valley submarket of Las Vegas. The financing was arra...
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• Bascom Pays $75 Mil for 235 Res Units in Oxnard
3/14/18
The Bascom Group LLC has acquired Tempo at Riverpark Apartments, a 235-unit infill apartment property in Oxnard, for $75.25 mil ($320k/unit). The complex is located at 450 Forest Park Blvd, just east of Hwy 101.
Built in 201...
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• Santa Monica Office Property Sells in Deal Valued at $864/sf
3/13/18
HQ Creative Office closed on the acquisition of 15.3k sf creative office asset in Santa Monica in a recent transaction valued at $13.25 mil, or $864/sf. The property, which consists of two, inter-connected buildings, is loca...
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• Work Started on New AC Hotel by Marriott in El Segundo
3/12/18
El Segundo-based Welcome Group Inc has begun construction on its AC Hotel by Marriott, a 98.7k sf hotel development in El Segundo. The 180-room project, located at 2130 Maple Ave, is being built by R.D. Olson Construction.
S...
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• Irvine Office Asset Sells for $41.7 Mil
3/09/18
Corporate Pointe, 160.5k sf, multi-building office campus in Irvine, sold for $41.7 mil, or $260/sf. Corporate Pointe is 97.6 percent occupied by approximately 35 local and regional tenants.
Built in 1986, Corporate Pointe’...
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• KBS Capital Advisors Spends $147 Mil on OC Office Tower
3/09/18
City Tower, a 20-story, 435.2k sf high-rise office building in the city of Orange, was acquired by KBS Capital Advisors in a $147.25 mil ($338/sf) transaction. The property, located at 333 City Boulevard West, adjacent to the...
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• SummerHill Apartment Communities Gets Green Light from South San Francisco City Council for New Project
3/08/18
A planned mixed-use community in South San Francisco developed by SummerHill Apartment Communities has received unanimous approval by the City Council. The new development is located on a 1.67-acre site at 988 El Camino Real,...
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