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• Silicon Valley Office Project Lands $314 Mil in Acquisition and Construction Money
5/09/19
Harvest Properties and Invesco Real Estate are closer to starting work on Catalyst, a fully-entitled, four-property office portfolio that will comprise 587.9k sf in the Silicon Valley city of Sunnyvale, after securing $313.8 ...
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• TruAmerica Partnership Spends $97 Mil on Res Properties in Las Vegas and Atlanta
5/09/19
TruAmerica Multifamily has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 mil. The purchase was made with an institutional part...
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• Dollinger Properties Buys 145k sf OC Office Building
5/08/19
Dollinger Properties purchased Fairway Center I, a 145.5k sf suburban office building in the Orange County community of Brea, in a recent $33.5 mil ($230/sf) transaction.
Situated on 5.5 acres at 1800 E. Imperial Highway, F...
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• IDM Companies Secures $54 Mil for Development of Two AZ Res Projects
5/08/19
PCCP LLC has provided two senior loans totaling $54.2 mil to IDM Companies for the ground-up development of two multifamily complexes in the Phoenix market. The properties will total 534 units and include IDM Estrella Parkway...
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• Continental Realty Advisors Collects Over $200 Mil from the Sales of Four Multifamily Communities
5/07/19
Four apartment properties containing in excess of 1,400 units have sold in separate transactions totaling over $200 mil. The properties, which were sold by Denver-based Continental Realty Advisors (CRA), span four different h...
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• Triad Development Gains Approval for Office Development in Vacaville
5/03/19
Triad Development has received approval for a 700k sf to 840k sf, Class A office development project in Lagoon Valley. The development site is located along I-80 on Lagoon Valley Rd in Vacaville, roughly 50 miles from downtow...
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• Portland Office Property Trades in $118 Mil Transaction
5/03/19
Field Office, a Class A, two-building, 287.2k sf mixed-use project along River Promenade within Portland’s Pearl District, was acquired by a venture of the Merchant Banking Division of Goldman Sachs, in partnership with Linco...
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• TA Realty Spends $138 Mil for El Segundo Office Tower
5/02/19
Boston-based TA Realty closed on a large LA-area office buy, paying $138.5 mil for 101 Continental, a soon to be vacant office tower totaling 340k sf ($407/sf) in El Segundo. The property was sold by Phoenix-based VEREIT Inc....
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• Pasadena Building Occupied by Whole Foods Sells in $100 Mil Deal
5/01/19
The Arroyo Parkway LLC, a Pasadena-based investment group, has purchased an 80k sf retail building fully leased to Whole Foods Market and two acres of adjoining land in Pasadena from a private family trust. The off-market tra...
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• Rexford Industrial Realty Spends $139 Mil onTwo SoCal Purchases
4/30/19
Rexford Industrial Realty Inc recently closed on the purchase of two industrial properties, comprising six buildings, for a total of $139 mil. The acquisitions were funded using cash on hand and draws on the company's line of...
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• Harsch Investment Properties Completes 724k sf of Industrial Buildings in North Las Vegas
4/29/19
Harsch Investment Properties has completed the development of two industrial buildings encompassing 723.7k sf at Speedway Commerce Center III in North Las Vegas. The buildings are located at 6255-6335 North Hollywood Blvd.
S...
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• PCCP LLC and Hopewell Development to Start 245k sf of Spec Industrial Buildings in Phoenix
4/29/19
PCCP LLC and Hopewell Development have formed a joint venture for the speculative development of three Class A industrial buildings totaling 245.4k sf in the Southwest Valley submarket of Phoenix, AZ. Two buildings (78.2k sf ...
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• Rockefeller Group Picks Up 8.8 Acres in Moreno Valley for Distribution Development
4/26/19
Rockefeller Group has acquired 8.78 acres of industrial land in Moreno Valley. The company will begin construction of a 203k sf distribution center this fall with completion expected in summer 2020. The firm acquired the pro...
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• Passco Companies Acquires 330-Unit TX Multifamily Asset
4/25/19
Passco Companies has acquired The Grayson, a 330-unit, Class A apartment community in the northern Houston submarket of Spring, TX. The price was not given out.
Constructed in 2016, The Grayson is located at 4115 Louetta Rd....
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• Fontana Industrial Facility Trades for $213 Mil
4/25/19
Sierra Pacific Center, a two-building, 1.5 msf, Class A+ industrial facility in Fontana, has just traded hands in a transaction priced at $213.5 mil, or $142/sf. The buyer was an institutional life insurance company. We’re to...
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• New Bay Area Office Development Lands $515 Mil in Financing
4/24/19
Kylli Inc has obtained $515 mil in financing for Burlingame Point, a brand new, state-of-the-art 803k sf office campus in the Bay Area city of Burlingame. The construction financing was provided by J. P. Morgan and Starwood P...
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• Renovations on 1 msf Arizona Center Completed
4/24/19
Parallel Capital Partners Inc has finalized construction on over $25 mil in renovations to Phoenix’s Arizona Center, a 1 msf, mixed-use development covering 16 acres in the city’s downtown. The complex is located at the inter...
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• Inland Empire Distribution Facility Trades for $97 Mil
4/24/19
Exeter Property Group acquired an 806.3k sf, Class A distribution building in San Bernardino for $97.75 mil, or $121/sf. The facility, situated on 41 acres at 6227 Cajon Blvd, is fully leased to Bob’s Discount Furniture.
62...
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• Rexford Industrial Realty Spends $84 Mil on Four SoCal Assets
4/19/19
Rexford Industrial Realty Inc recently acquired four SoCal industrial properties in deals totaling $84.5 mil. The acquisitions were funded using cash on hand.
According to comments from the company, this acquisition of over ...
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• Commercial Real Estate Financing Briefs
4/19/19
MARCUS & MILLICHAP CAPITAL CORP – Sharone Sabar with Marcus & Millichap Capital Corp has arranged $50.5 mil in capital to refinance two SoCal multifamily properties. The first transaction, in the amount of $27.5 mil, refinanc...
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