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• Oakland Multifamily Portfolio Financed with $58 Mil Loan
4/17/20
Mosser Capital has obtained $58.5 mil in financing to fund the recapitalization of a nine-property multi-housing portfolio located in Oakland. Mosser owns the assets in a venture with a new foreign investment partner. Mosser ...
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• Still the Happiest Place on Earth?
4/17/20
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• Morgan Stanley Real Estate Buys 500k sf Bay Area Property Leased to Tesla
4/16/20
NYC-based Morgan Stanley Real Estate closed on the acquisition of a 506.5k sf property in the Bay Area that is leased to Tesla. The industrial/office flex facility is located at 901 Page Ave, south of Mission Blvd about midwa...
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• Westcore Buys 149k sf Warehouse in Phoenix
4/15/20
Westcore paid $12.4 mil for 148.7k sf ($83/sf), Class A industrial warehouse in Phoenix, AZ. The property, located at 4455 West Camelback Rd, in Phoenix’s Southwest Valley submarket, along U.S. Route 60 and near I-17.
The s...
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• Uline Inks Deal for 1.25 msf Distribution Facility in Ontario
4/14/20
Uline has agreed to lease a 1.245 msf distribution facility from REDA and Clarion Partners LLC in Ontario. The building is located at 4815 South Hellman Ave, west of Archibald Ave between Mission Blvd and the 60 Fwy, within t...
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• Inland Empire Res Community Trades for $45.5 Mil
4/14/20
The Heights at Grand Terrace, a 228-unit community in Grand Terrace, was acquired by an East Coast-based investment entity for $45.5 mil, or $199.6k/unit. The property is located at 22491 DeBerry St, south of I-10 and just ea...
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• Hong Kong-Based Company Spends $63 Mil on AZ Res Community
4/13/20
Button Capital Limited paid $63.5 mil for Park Place at Fountain Hills, a 230-unit ($276k/unit), Class A multifamily community located in Fountain Hills, AZ. Button Capital is a Hong Kong-based global private equity real esta...
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• Meta Housing Corporation and Western Community Housing to Develop OC Affordable Housing Project
4/10/20
Meta Housing Corporation and Western Community Housing plan to develop a three-story, 65-unit, affordable and permanent supportive housing multifamily community in Westminster. The $42 mil development will provide quality aff...
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• Principal Real Estate Investors Purchases Office Condo Portion of Recently Completed Mixed-Use Tower in Portland
4/09/20
Principal Real Estate Investors has purchased the condominium interest for the roughly 172k sf of office space in Broadway Tower, a newly constructed mixed-use tower in Portland comprised of best-in-class office space and a 1...
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• San Francisco Acquires Res Dev Site for Affordable Housing Project
4/08/20
The City of San Francisco has acquired a 0.27-acre mixed-use development site on two parcels from Sheet Metal Workers Local 104 Union Hall in a transaction valued at $12 mil. The City plans to develop new affordable housing o...
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• Portland Radisson RED Hotel Lands $40 Mil in Bridge Financing
4/07/20
George Smith Partners (GSP) arranged $40 mil in non-recourse, cash-out bridge financing for a 180-key Radisson RED hotel in Portland, OR. The bridge facility allowed the borrower to pay off its construction loan, return capit...
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• CapRock Partners Buys 217k sf Industrial Facility in Phoenix
4/07/20
CapRock Partners purchased a newly constructed, 216.9k sf industrial facility in Phoenix. The Class A property is located at 7200 W. Roosevelt St, roughly a quarter mile south of I-10.
The property’s strategic location place...
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• Cortland Closes $1.2 Bil Buy of 22-Property Res Portfolio
4/06/20
Cortland recently acquired PURE Multi-Family REIT, comprising 22 properties with a combined 7,085 res units, in a $1.2 bil transaction. The deal was made with $340.1 mil in acquisition financing structured by Walker & Dunlop ...
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• ABB Leases 400k sf Industrial Building in Phoenix
4/03/20
ABB has leased a newly built, 400k sf industrial building in Phoenix, to use as the international firm’s West Coast Distribution Center for its Electrification Installation Products business (formerly Thomas & Betts). Terms ...
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• Pasadena Office Property Trades in $78 Mil Deal
4/02/20
Pasadena Corporate Park, a three-building, 260k sf office complex in Pasadena, traded hands in a recent deal worth $78 mil, or $300/sf. The development is located at 250 North Halstead St and 3475 E. Foothill Blvd, north of t...
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• Over 50 Acres of Coastal Land in Redondo Beach Sold to a Private Developer
4/01/20
A private developer has acquired roughly 51 acres of coastal land in Redondo Beach from AES US. The price was not given out.
The property is the site of the AES Redondo Beach Power Plant, located at 1100 North Harbor Dr, jus...
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• Universe Holdings Adds 110-Unit La Mesa Res Asset to Its Growing Portfolio in the Area
4/01/20
Universe Holdings has acquired Serena Vista, a 110-unit apartment community in the San Diego submarket of La Mesa, for $34.45 mil, or $313.2k/unit. Built in 1971, Serena Vista is located at 5810 Amaya Dr, north of I-8 and eas...
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• Providence Capital Group Spends $68 Mil on Rancho Cucamonga Arte Project
3/31/20
Arte, a 182-unit, luxury apartment community in Rancho Cucamonga, was acquired by an affiliate of Providence Capital Group Inc for $68 mil, or $373.6k/unit. The asset, located at 10130 Foothill Blvd, was sold by Fore Property...
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• One Santa Fe Res Community in L.A.’s Arts District is Sold
3/30/20
An unnamed Canadian institutional investor purchased One Santa Fe, a 438-unit, mixed-use, core-plus apartment community located in the Arts District of Los Angeles. It was sold by Berkshire Residential Investments. The price ...
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• Kennedy Wilson Renews $500 Mil Revolving Credit Facility
3/30/20
Kennedy Wilson’s wholly owned subsidiary Kennedy-Wilson Inc has extended its existing $500 mil unsecured corporate revolving credit facility with a global group of nine banks. The credit facility has a maturity date of March ...
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