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• Las Vegas Res Property Trades for $52 Mil
2/24/20
Inspirado Apartments, a 252-unit multifamily asset in Las Vegas, was purchased by NNC Apartment Ventures LLC in a transaction valued at $52.2 mil, or $207k/unit. The 247k sf property, located at 6885 W. Lone Mountain Rd, was ...
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• PRP-Led Venture Pays $145 Mil for TX Office Complex
2/21/20
PRP, in a venture with Kuwait Finance House Capital and GMF Capital, recently acquired the 3M Office and Lab Campus, a 335.8k sf, two-building complex located in the Northeast submarket of Austin, TX. The properties were sold...
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• Hines and Oaktree Capital Management Entity Acquire 445k sf Silicon Valley Office Complex
2/21/20
A venture between Hines and a subsidiary of real estate funds managed by Oaktree Capital Management L.P. has acquired Santa Clara Towers, a 445k sf property comprised of twin 11-story, Class A office towers in Santa Clara, fo...
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• Cardinal Health’s 1 msf State-of-the-Art Inland Empire Distribution Center Trades Hands
2/20/20
A 1 msf warehouse and distribution facility at 6275 Lance Dr in Riverside was purchased by an unnamed institutional buyer. The asset, located within the 920-acre Sycamore Canyon Business Park, was sold by Dedeaux Properties,...
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• CBRE Global Investors Fund Buys Industrial Asset in the Inland Empire
2/17/20
A fully leased, 143.3k sf distribution facility in San Bernardino was acquired a fund sponsored by CBRE Global Investors. The last-mile building, located at 945 South Sunnyside Ave, is leased to FedEx.
The facility, known as...
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• Davis Res Property Trades for $42 Mil
2/14/20
Cambridge House, a 140-unit community in Davis, CA, sold for $42 mil, or $300k per unit. The property is located at 619 Pole Line Rd, about 15 miles west of downtown Sacramento.
Built on 3.92-acre site, Cambridge House boast...
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• Santa Fe Springs Retail Center Trades for $32 Mil
2/13/20
Santa Fe Springs Promenade, a 111.9k sf shopping center in Santa Fe Springs, has sold for $31.9 mil, or $285/sf. Located at 11452-11568 Telegraph Rd, east of the 605 Fwy, the property was acquired by a local family investor.
...
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• Cushman & Wakefield Awarded Office Leasing Assignment for Sacramento Mega-Development
2/12/20
LDK Ventures has retained Cushman & Wakefield to provide office leasing services for The Railyards, a prominent new mixed-use development project located along the Sacramento Riverfront in Downtown Sacramento. The mega projec...
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• Poincare Group LLC Spends $26 Mil on 118k sf of Temecula Retail Assets
2/12/20
In Temecula, Poincare Group LLC purchased Bel Villaggio I-II and Bel Villaggio III, adjacent retail centers leased to a complementary mix of internet resistant tenants. The assets, which traded for $26.1 mil, total 117.8k sf ...
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• Cerritos Multifamily Asset Trades in $49 Mil Deal
2/12/20
Four Trees, a 150-unit apartment property in Cerritos, was purchased for $48.6 mil ($324k/unit) by Palos Verdes Management Company LP. The asset was sold by a partnership of local investors.
Located at 18427 Studebaker Rd, t...
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• Ground Lease for 178k sf Home Depot Superstore in OC Listed for $60.7 Mil
2/11/20
We’ve learned of an interesting retail listing in Orange County that’s just come on the market. The property is the ground lease for a 178.7k sf, single-tenant property occupied by Home Depot Superstore in Anaheim. The proper...
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• Younan Properties Buys 212k sf Conejo Valley Office Campus
2/10/20
In a recent office buy out of SoCal’s Conejo Valley, Younan Properties Inc purchased Westlake Oaks Campus, a two-building, 212k sf corporate campus in Westlake Village. The price was not disclosed.
The buildings are at 120 V...
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• Providence St. Joseph Health Collects $59 Mil from Sale of 10 Properties
2/10/20
The first phase of a 344k sf, 10-property portfolio for Providence St. Joseph Health (PSJH) was purchased for $59 mil by a diverse group of investors ranging from private equity funds to physicians and multi-family developers...
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• Lincoln Property Company and Goldman Sachs Buy Creative Office Property in San Francisco
2/07/20
A partnership between Lincoln Property Company and a Goldman Sachs-related entity has purchased 1045 Sansome Street, a four-story, 90k sf creative office building in San Francisco’s North Waterfront/Jackson Square neighborhoo...
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• Commercial Real Estate Financing Briefs
2/07/20
MERIDIAN CAPITAL GROUP - Seth Grossman, Sarah Kuebler and Eric Schleif with Meridian Capital Group arranged $45 mil in financing for McCarthy Ranch Marketplace, a 266k sf retail property in Milpitas. Located at 15-251 Ranch D...
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• Creative Office Campus in Culver City Trades for $169 Mil
2/06/20
A venture between Clarion Partners LLC and Lincoln Property Company has acquired Jefferson Creative Campus, a fully leased 152.1k sf office asset located at 5870, 5880 and 5890 W. Jefferson Blvd in Los Angeles, for $169 mil (...
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• Sea Breeze Properties Starts Work on Torrey Highlands Mixed-User
2/06/20
Sea Breeze Properties has broken ground on MERGE 56, a 40-acre mixed-use development in San Diego’s Torrey Highlands area. Adjacent to State Route 56 at Camino Del Sur, MERGE 56 will be comprised of approximately 450k sf of C...
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• Vista Investment Group Acquires Two L.A. Area Multifamily Properties
2/06/20
Vista Investment Group has picked up multifamily properties in Koreatown and Hollywood, the first two assets in a $50 mil portfolio acquisition of four Los Angeles area rent-controlled apartment communities totaling 167 units...
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• Work Finished on Second Res Building at 9th & Colorado Project in Denver
2/05/20
Construction of Milo, an eight-story, 319-unit apartment community in Denver, has been completed. The building represents the second residential phase at 9th & Colorado, a 26-acre urban infill project being developed by CIM G...
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• Goleta Office Campus Trades in $35 Mil Deal
2/04/20
An affiliate of Montana Avenue Capital Partners, LLC (MAC) purchased Castilian Technical Center, a three-building, 165.5k sf campus at 50, 70, and 90 Castilian Drive in Goleta, for $35.7 mil ($216/sf).
The property covers a...
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