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• Commercial Real Estate Financing Briefs
3/20/23
TALONVEST CAPITAL -- Kim Bishop, Eric Snyder and Ivan Viramontes with Talonvest Capital arranged a $114 mil acquisition bridge loan secured by a storage portfolio consisting of 14 assets located in Utah and California. The in...
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• Balboa Retail Partners Goes Shopping in Hillsboro, OR
3/20/23
Balboa Retail Partners closed on a retail buy in Oregon, picking up The Streets of Tanasbourne, a 371.8k sf outdoor shopping mall located at 19350 NW Emma Way in Hillsboro. The price was not given out.
Currently 93% leased, ...
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• Ontario Retail Center Trades in $54 Mil Deal
3/17/23
New Haven Marketplace, a 95k sf, grocery-anchored shopping center in Ontario, traded for $54 mil ($568/sf). The property is located at 3420 E. Ontario Ranch Rd, west of I-15 and south of Hwy 60.
Built in 2020, New Haven Mark...
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• GPI Companies Set to Build 200-Unit Res Community in West Los Angeles
3/16/23
A GPI Companies affiliate has secured $84 mil in construction financing for Overland and Ayres, a 201-unit, multi-housing development in West Los Angeles. The project, located at 2455 Overland Ave, is scheduled for completion...
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• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
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• Work Starts on 380-Unit Colorado Res Community
3/14/23
Legacy Metro 525, a 380-residence, transit-oriented apartment community coming to Aurora, CO, has just broken ground. The project, a development of Legacy Partners and Griffin Capital Company LLC, is anticipated for completio...
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• Menifee Industrial Development Land Trades for $61 Mil
3/10/23
Patrinely Group acquired Scott Road Commerce Center’s Phase II, a large-scale, fully entitled (shovel-ready) 33.86-acre development site in Menifee entitled for 544.1k sf of Class A, industrial product. The property was sold ...
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• Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
3/09/23
Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Ba...
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• Commercial Real Estate Financing Briefs
3/08/23
CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
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• New 82-Unit Affordable Housing Community in DTLA’s Skid Row Completed
3/07/23
LAMP Lodge, a new, 82-unit affordable housing community in Downtown Los Angeles’ Skid Row neighborhood, has officially opened to the public. The project, located at 656-660 Stanford Ave, will provide affordable and accessible...
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• Longfellow Real Estate Partners to Develop 315k sf Life Sciences Project in the Bay Area
3/06/23
Longfellow Real Estate Partners has obtained a $310 mil construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315k sf at the Bart and Caltrain station in t...
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• MIG Buys 157k sf Inland Empire Industrial Project
3/03/23
MIG purchased Gifford Business Park, a 156.7k sf, seven-building industrial business park in the Inland Empire submarket of San Bernardino, for $26 mil, or $166/sf. Located at 750-760 E. Central Ave and 765-791 S. Gifford Ave...
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• Hillwood Investment Properties and CBRE Investment Management are Buying 433 Acres in the Inland Empire for $544 Mil
3/02/23
Hillwood Investment Properties and CBRE Investment Management are acquiring 433 acres of land in Fontana for development of up to 6.6 msf of modern logistics facilities in the Inland Empire. The land, located at 9300 Cherry ...
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• Tishman Speyer Starts Work on Santa Monica Res Projects
3/02/23
Tishman Speyer has begun construction on the first phase of the Santa Monica Collection, a portfolio of eight development sites across nearly 3.1 acres in Downtown Santa Monica. The first phase of development encompasses four...
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• Downtown L.A. Real Estate Showing Steady Growth Starting Off 2023
3/01/23
This report provided by Downtown Center Business Improvement District
While it faced significant challenges like most city centers across the country, Downtown LA (DTLA) weathered a turbulent 2022 relatively well and is show...
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• Construction Underway at 3.9 msf Industrial Development in Aurora, CO
3/01/23
Construction is underway at Sun Empire, a 3.9 msf industrial development in Aurora, CO, near Denver International Airport. The project is a joint venture between The Opus Group and Principal Real Estate Investors, which toget...
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• Panattoni Entity To Develop 274k sf Distribution Project in Surprise, AZ
2/28/23
A real estate fund advised bv Panattoni plans to construct a brand-new, 274k sf industrial/distribution building in Surprise, AZ. Named Surprise Point, the new fully entitled project will consist of a state-of-the-art industr...
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• Ian Schrager and Ed Scheetz Acquire Former Standard Hotel in West Hollywood for Rebranding into a PUBLIC Hotel property
2/24/23
Ian Schrager and Ed Scheetz recently purchased the 139-key hotel property formerly known as the Standard Hotel in West Hollywood. The hotel property is located at 8300 Sunset Blvd, midway between La Cienega and Crescent Heigh...
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• Glencrest Group Closes $27 Mil Buy of Portland Res Community
2/24/23
Glencrest Group purchased Meadowland Apartments, a 168-unit, garden-style apartment in Portland, for $26.85 mil ($160k/unit). The property, which was sold by NBP Capital, will be renamed Township Eastside by the new ownership...
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• Office Building in West Covina Gets New Owner in $22 Mil Trade
2/23/23
Atrium on the 10, a 100.7k sf office building in West Covina was purchased for $22.2 mil ($220/sf) by a Covina, CA-based nonprofit owner/user. The property, located at 2934 E Garvey Avenue South, sits alongside I-10, offering...
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