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• Swift Real Estate Partners Closes on Acquisition of 134k sf OR Biz Park
7/06/17
Swift Real Estate Partners purchased Sunset Corporate Park, a three-building, 133.7k sf Class A suburban office park located in Hillsboro, OR, for $24.5 mil ($183/sf). The property is located adjacent to Intel’s $3 bil Ronler...
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• Rockpoint Group / Strategic Housing Partners Venture Buys 500-Unit Torrance Res Portfolio
7/06/17
A 506-unit res portfolio in Torrance was purchased by an affiliate of Boston-based Rockpoint Group in a joint venture with Strategic Housing Partners, an affiliate of Coastline Real Estate Advisors. The deal price was not imm...
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• Jamison Services Inks $70 Mil Refi on LA Koreatown Office Tower
7/05/17
Jamison Services Inc has refinanced its 3600 Wilshire Boulevard property with a $70.5 mil loan secured by Square Mile Capital. In addition to paying off the existing lien, the new loan includes proceeds to fund future capital...
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• Grocery-Anchored Center in Colorado Purchased for $25 Mil
7/05/17
Fox Creek Village, a 107.5k sf, grocery-anchored retail center in Longmont, CO, sold for $24.8 mil, or $231/sf. The property, located at 1611 Pace St, was purchased by by The Kroenke Group and Quadrant Acquisitions.
Anchored...
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• Office Building in Cypress Sells for $24 Mil
7/05/17
Uniwell Corp has acquired Cypress Crossroads, a 106.3k sf office building in Cypress, for $24 mil ($226/sf). The multi-tenant property was sold by Dornin Investment Group, who purchased the asset in 2014 as a lender-owned, va...
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• Redwood City Office/Retail Project Lands $78 Mil in Construction Money
7/03/17
Lane Partners has obtained a $78.6 mil construction loan for the development of Broadway Station, a substantially pre-leased, 114.9k sf, Class A office and retail building in downtown Redwood City. With this loan, provided b...
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• AZ Industrial Asset Trades in $18.4 Mil Transaction
6/30/17
In a recent AZ industrial buy, Colony Northstar purchased Phoenix Logistics Center, a 245.9k sf, multi-tenant asset, for $18.4 mil, or $75/sf. The property was sold by a joint venture between Overton Moore Properties and PCCP...
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• $275 Mil Mixed-Use Development Gets Underway in Salt Lake City
6/29/17
SALT Development has started construction of Hardware District, a $275 mil mixed-use, four-building development featuring 466 luxury multifamily units and 260k sf of office space. It’s located on 400 West between North Temple...
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• Silicon Valley Office Building Sells for $842/sf
6/29/17
In a recent office sale from the Bay Area, Robert Wheatley Properties has purchased 855 Oak Grove, an 18.4k sf office building located in the heart of downtown Menlo Park. The property was sold by Oak Grove Associates LLC for...
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• Newell Brands Leases an Additional 195k sf in Victorville
6/28/17
In the latest industrial activity out of Victorville, Newell Brands inked a three-year deal for 195.5k sf of space at Distribution Centre 18 (DC 18) a 370k sf facility located at Southern California Logistics Airport (SCLA). ...
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• Costa Mesa FedEx Facility Sells for $300/sf
6/27/17
A 112k sf, FedEx-occupied building in Costa Mesa has been acquired by Santa Monica-based BLT Enterprises Inc for $33.4 mil, or $298/sf. As part of the transaction, FedEx will remain in the building, located at 1650 Sunflower,...
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• Gelt Inc Purchases 472-Unit Multifamily Community in Albuquerque
6/27/17
Gelt Inc has acquired Mountain Run Apartments, a 472-unit community in Albuquerque. The seller was Chartwell Capital Partners.
Built in 1985, the community offers a tranquil, park-like setting on nearly 16 acres of land and ...
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• Rexford Industrial Pays Over $30 Mil for Long Beach Industrial Facility
6/26/17
Pacific Pointe at Douglas Park, a 142.6k sf industrial property in Long Beach, was acquired by Rexford Industrial for $30.6 mil ($215/sf). The building is 100% leased to Universal Technical Institute Inc through August 2030. ...
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• KKR and Harvest Properties Buy 279k sf Downtown Oakland Office Tower
6/26/17
KKR and Harvest Properties have purchased 180 Grand Avenue, a 15-story, 279k sf office building located in the Lake Merritt submarket of Downtown Oakland. The acquisition was financed with a $95.2 mil loan arragned by CBRE an...
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• OC Office Complex Goes for $32.8 Mil
6/23/17
Benchmark Holdings paid $32.83 mil for Alton Deere Plaza, a 185.2k sf ($177/sf), multi-tenant office park located in the Irvine Business Complex in the city of Santa Ana.
The property, located at 1920-1940 Deere Ave, consist...
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• Ares Management L.P. and TruAmerica Multifamily Pick Up 240-Unit AZ Res Property
6/23/17
Broadstone Gateway, a 240-unit family community in the Phoenix metro area, was purchased by Funds managed by Ares Management L.P. and TruAmerica Multifamily in a recent $30.75 mil transaction. Broadstone Gateway is located at...
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• Agoura Hills Office Property Sells for Over $200/sf
6/23/17
Agoura Gateway, a two-story, 94.4k sf multi-tenant office building in Agoura Hills, has sold for $20.05 mil ($212/sf) in a recent transaction. The property is located at 28632 Roadside Dr, within a corporate campus environmen...
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• San Diego Area Medical Office Property Fetches $646/sf
6/22/17
Torrey Hills Medical Plaza, a 44.1k sf, Class A medical office building in the Del Mar Heights/Carmel Valley submarket of San Diego, traded hands in a recent $28.5 mil ($646/sf) transaction. Completed in 2005, the two-story b...
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• Cupertino Office Asset Purchased with $45 Mil in Financing
6/22/17
An affiliate of Harbor Group International LLC has obtained $45 mil in long-term financing for its acquisition of Torre Plaza, an 88.6k sf, Class A, institutional-quality office building in Cupertino. The ten-year interest-on...
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• Newmark Arranges $68 Mil in Financing on Three Silicon Valley Assets
6/22/17
Newmark has secured $67.75 mil in new long-term financing for three separate commercial properties located in the San Jose and Silicon Valley submarkets. Two of the transactions were for office properties and one for a big-bo...
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