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• Lucent Capital Arranges $32 Mil on Three Retail Properties
3/27/14
Lucent Capital has recently arranged three separate loans totaling $32.3 mil for three different owners of retail properties. Two of the properties are located in the greater Los Angeles area and the other is located in Bozem...
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• CIM Signs Lease to OWN Deal at The Lot
3/26/14
Oprah Winfrey Network (OWN) has leased roughly 60k sf of creative office space at The Lot, an 11-acre studio campus on Santa Monica Blvd in West Hollywood. The deal gives OWN three floors at the recently completed 98k sf, fiv...
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• PCCP LLP and Worthe Real Estate Acquire 487k sf Tower Burbank
3/25/14
PCCP LLC and Worthe Real Estate Group acquired Tower Burbank, a 32-Story, 487k sf office tower within the Burbank Media District. Located at 3900 West Alameda Ave, just west of Hollywood Way on the south side of the 134 Fwy, ...
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• Commercial Real Estate Financing Briefs
3/25/14
GEORGE SMITH PARTNERS – Steve Bram and David Pascale of George Smith Partners arranged $32 mil (60% of value) floating rate portfolio loan at “best pricing” for a pool of five SoCal properties. The portfolio included: (1) 43-...
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• Parallel Capital Partners Spends $72 Mil on Sorrento Mesa Office Complex
3/25/14
Parallel Capital Partners Inc recently closed on a large, institutional office buy in San Diego, paying $72.5 mil for Wateridge Plaza, a three-building, 279k sf ($260/sf) complex in the Sorrento Mesa area. Built in 1984, the ...
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• USAA Real Estate Co Acquires a Two-Building Industrial Portfolio in California’s Central Valley
3/24/14
USAA Real Estate Company purchased two Class A warehouse/distribution properties in Stockton, CA. Built in 2007 and 2009, the two-building, 916k sf portfolio included Newcastle Logistics Center, a 750.6k sf building located ...
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• Two Pasadena Retail Sales Total Over $20 Mil
3/24/14
We have news of two retail properties located along the City of Pasadena’s renowned South Lake Avenue District that recently traded hands. The assets, a 20.4k sf ground-floor retail condo and a two-story, retail/office buildi...
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• Bixby Land Acquires another Silicon Valley Office Project
3/24/14
Bixby Land Company has completed another Silicon Valley acquisition with the purchase of Lake Park Business Center, a seven-building office complex in Santa Clara. The 405.3k sf asset was acquired from Divco West. The price w...
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• Investor Pays Over $800/sf for OC Retail Asset
3/21/14
An LA-based private investor paid $10.9 mil for MacArthur Plaza, a 13.5k sf ($809/sf) multi-tenant retail strip center in Santa Ana. Tenants at the center include well-known fast-casual restaurant tenants Starbucks, Rubio’s,...
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• Moreno Valley Retail Asset Acquired by Brixton Capital for $42 Mil
3/20/14
In a sizable SoCal retail investment buy, San Diego-based Brixton Capital has purchased TownGate Center, a 285.8k sf community shopping center in the Inland Empire city of Moreno Valley (an incorrect earlier headline said Tem...
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• San Fernando Valley Mobile Home Community Bought for $13 Mil
3/20/14
Reseda Mobile Estates, an all-age 108-space manufactured housing community in the central San Fernando community of Reseda, was purchased for $13.1 mil ($121.3k/space) by a national owner of manufactured housing communities w...
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• San Francisco’s Hamms Building Bought by Downtown Properties
3/19/14
The Hamm’s Building, a 12-story, 184.7k sf office building in San Francisco, was acquired by Downtown Holdings at a price estimated near $90 mil, or over $450/sf. The property, located at 1550 Bryant St, was sold by TMG Part...
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• Monterey Peninsula Resort Property Refinanced with New 10-Year First
3/19/14
Sonnenblick-Eichner Company arranged $14.7 mil of first mortgage financing for the Sanctuary Beach Resort, a 60-room oceanfront resort located in Marina, CA. The 10-year, non-recourse fixed-rate loan included interest-only p...
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• Bixby Land Completes Renovation of San Jose Office Park
3/18/14
Bixby Land Company has finished construction on THE Campus, a four-building, 250k sf office park in San Jose that the company has transformed into a modern work environment. Studio G Architects of Campbell, CA designed the re...
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• The hw Offers a Touch of Old Hollywood in a Brand New Res Development
3/18/14
California Landmark Group (CLG) has completed construction on the hw, a new 79-unit res development in Hollywood. The development, which has opened to the public, is already over 50% leased.
Located at 7928 Hollywood Blvd, ...
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• Retail Opportunity Investments Corp Buys Creekside Plaza in Poway
3/17/14
Creekside Plaza, a 128.9k sf grocery- and cinema-anchored retail center in the San Diego suburb of Poway, was purchased by Retail Opportunity Investments Corp for an undisclosed amount. The asset was sold by American Realty A...
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• Private Investor Pays $23 Mil for Bay Area Apartment Portfolio
3/17/14
Redwood City Portfolio I, a five-property, 112-unit multifamily portfolio in Redwood City was acquired for $23.2 mil ($207.1k/unit) by a private investor in a 1031 exchange. The buyer traded out of a 42-unit apartment buildin...
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• SR Commercial Purchases Vista Portfolio
3/14/14
SR Commercial has acquired an industrial portfolio in Vista, consisting of four buildings totaling 168k sf, as well as a 1.43-acre developable land parcel, for $15.2 mil. The company plans to develop a new, 30k sf addition on...
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• Institutional Investor Buys 312-Unit Houston Multifamily Complex
3/14/14
Mediterra at Westchase Apartments, a 312-unit multifamily complex in Houston’s Westchase submarket, was acquired by an institutional investor from California. The terms of the sale were not released.
Built in 1980 on 10.4 ac...
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• Newport Bay Office Property Hits the Market
3/14/14
We’ve learned about a unique Newport Bay office property that has come on the market. The property, Bayside Square, is a high-quality, two-building complex totaling 35.4k sf of space. It is located at the corner of Bayside Dr...
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