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• Costco-Occupied Property in Washington Acquired for $29 Mil by Rich Uncles
1/17/19
Sammamish Park Place, a 97.2k sf, office and flex building in Issaquah, WA was acquired by Rich Uncles NNN REIT Inc, out of Costa Mesa, for $29 mil ($298/sf). The recently renovated property is 100% leased to Costco.
Located...
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• Vegas Retail Center Trades in $67 Mil Deal
1/16/19
An unnamed private investor has acquired the majority of Shadow Mountain Marketplace, a 359k sf community shopping center in Las Vegas. The $67.25 mil acquisition did not include the 154k sf Costco anchor store, giving the de...
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• The Robert Green Company Secures $212 Mil for Construction of La Quinta Mixed-Use Development
1/16/19
An affiliate of Mosaic Real Estate Investors has provided The Robert Green Company with $212.25 mil in construction financing for the 145-acre, first phase of the master-planned SilverRock Resort and Residences mixed-use deve...
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• Pacific Industrial Purchases 151k sf Biz Park in Anaheim’s Platinum Triangle
1/15/19
Pacific Industrial has acquired North Stadium Business Center, a 151k sf, nine-acre multi-tenant business park in Anaheim’s “Platinum Triangle”. The asset, which sits directly adjacent to a property the firm already owns, cos...
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• CGI Strategies Picks Up 78-Unit Multifamily Property in L.A.’s Los Feliz Neighborhood
1/15/19
CGI Strategies has acquired Parkwood Apartments, a 78-unit multifamily community in L.A.’s Los Feliz neighborhood, for $20.15 mil, or $258.3k/unit. The purchase caps an active 2018 in which the firm was involved in the develo...
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• Commercial Real Estate Financing Briefs
1/14/19
HFF - A 28.1k sf high-street, retail property on Beverly Hills’ iconic Rodeo Drive was refinanced with a new 10-year fixed-rate loan for $160 mil. The borrower is an unnamed private investor. The fully leased, two-story prope...
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• Ethan Conrad Properties Buys 500k sf NoCal Retail Center
1/11/19
Chico Mall, a 503.7k sf regional mall located in the city of Chico, was purchased by Ethan Conrad Properties. The center is anchored by Dicks’ Sporting Goods, JCPenney and Forever 21, as well as a former Sears box that is cur...
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• L.A. Retail Portfolio Trades for $35 Mil
1/11/19
A four-property, 65.4k sf retail portfolio in the L.A. area has sold for $35 mil ($535/sf). The properties include a Petco located in Northridge and a Petco, Office Depot, and multi-tenant property all located in the South Ba...
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• GreenOak Real Estate Advisors and Rising Realty Partners Buy Historic 287k sf Office Building in Downtown L.A.
1/10/19
GreenOak Real Estate Advisors, in a venture with Rising Realty Partners, recently acquired The CalEdison, an iconic 287.6k sf, 14-story office building at 601 W 5th St in Downtown Los Angeles. The property was sold by Hermes ...
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• Sterling Organization Spends $35 Mil on Westlake Village Retail Center
1/10/19
Sterling Organization acquired North Ranch Gateway, an 86.5k sf retail center in Westlake Village, for $35 mil ($405/sf) on behalf of its managed funds. The purchase was financed with $25.9 mil in debt arranged by CBRE.
Nort...
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• Waterford Residential Spends $30 Mil on Rare Multifamily Asset in the Dover Shores Area of Newport Beach
1/09/19
Waterford Residential purchased Dover Heights Apartment Homes, consisting of 66 residential units in the Dover Shores area of Newport Beach, for $30.55 mil, or $463k/unit. This purchase, along with a previous acquisition betw...
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• High-Rise Multifamily Development in Portland’s CBD Lands $96 Mil in Construction Money
1/08/19
Alamo Manhattan has obtained $96.5 mil in financing for the development of 100 Columbia, a 348-unit, Class A+ high-rise multi-housing community in the Portland CBD. The four-year construction loan was arranged by HFF and fund...
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• Anardarko Petroleum Corp Inks 295k sf Extension Deal at Granite Tower in Denver
1/08/19
Anadarko Petroleum Corp agreed to a 12-year extension lease for 295.7k sf of space at Granite Tower in Denver. The transaction is the largest lease signed in Denver for 2018 and makes up part of the 384.7k sf of signings at G...
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• Urban Visions Receives Permit Approval for 1.2 msf Office/Retail Project in Seattle
1/07/19
Urban Visions has received permit approval from the City of Seattle for its S campus, a new development to include five buildings totaling more than 1.2 msf of office and ground-level retail space. Urban Visions expects to st...
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• Prologis Starts Work on 346k sf Industrial Project in Vernon
1/07/19
Global industrial REIT Prologis has begun construction on two Class A industrial facilities in Vernon totaling over 346k sf of space. The buildings, which are anticipated to be completed in the fall of 2019, are located at 5...
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• Class A Office Campus in Calabasas Trades for $78 Mil
1/04/19
Calabasas Park Centre, a three-building 225.3k sf ($347/sf) Class A office campus in Calabasas, was acquired for $78.2 mil by a joint venture between Related Fund Management and Cruzan. The property is 96% leased and is locat...
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• Horizon Realty Advisors Buys 658-Bed Student Housing Community in Riverside
1/03/19
Seattle-based Horizon Realty Advisors purchased Sterling Highlander, a 658-bed, 216-unit student housing community in Riverside. The asset was sold by Houston-based The Dinerstein Companies.
Sterling Highlander is located at...
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• Bixby Land Led Venture Secures $180 Mil Credit Facility
1/03/19
Bixby Land Co, in a joint venture with an institutional partner, has secured a $180 mil credit facility. The fund’s initial closing of $48.875 mil was used to finance a four-building, Class A industrial portfolio totaling 982...
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• Seagate Properties Buys Sacramento Office Building
1/02/19
Seagate Properties Inc has purchased The Senator, a 180.1k sf landmark office building in Sacramento, for $46.9 mil ($260/f). The property, located directly across from the State Capitol at 1121 L St, was 88% leased at the ti...
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• Commercial Real Estate Financing Briefs
12/31/18
NORTHMARQ CAPITAL - David Blum with NorthMarq Capital arranged a $41 mil construction loan for Riverpoint/Warner Center, a 154-unit multifamily property located at 6801-6819 Canoga Ave in Canoga Park. The project is located a...
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