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• BKM Capital Partners Spends $24 Mil on Denver Industrial Park
2/21/19
BKM Capital Partners has acquired Valley Business Center, a 203.2k sf, five-building multi-tenant light industrial property in Denver, CO, for $24.3 mil ($120/sf). The property was sold by Mountain West Industrial Properties....
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• Irvine Ranch Water District Breaks Ground on Irvine Creative Office Project
2/20/19
Irvine Ranch Water District has broken ground on a new 70k sf, creative office community in Irvine. Named The Source H²O as a creative identifier to the project location, the two-story, state-of-the-art office campus at 15550...
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• STC Management Closes $80 Mil OC Retail Acquisition
2/20/19
STC Management has acquired Anaheim GardenWalk, a 430k sf destination mixed-use entertainment center within walking distance of Anaheim’s Disneyland Resort and the Anaheim Convention Center, in a deal valued at $80 mil ($186/...
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• Rexford Industrial Realty Closes $106 Mil SoCal Biz Park Buy
2/19/19
In a major industrial acquisition from a few weeks ago, Rexford Industrial Realty Inc purchased Conejo Spectrum Business Park, a nine-building, 531.4k sf industrial park in Thousand Oaks, for $106.3 mil ($200/sf). The complex...
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• San Francisco Office Building Set to Trade in $86 Mil Deal
2/19/19
Clarion Partners, out of NY, has agreed to buy a 76.5k sf office building in San Francisco in a deal said to be worth around $86 mil ($1,130/sf), according to industry sources. It is being sold by Zurich Alternative Asset Man...
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• Construction Quick Take
2/18/19
Lowe Enterprises is well underway with construction of the highly-anticipated Ivy Station, a 500k sf, mixed-use project adjacent to the Culver City Station of the Metro Expo light-rail line, connecting downtown Los Angeles to...
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• Relevant Group’s 190-Room Boutique Hollywood Hotel Planned for Completion in 2020
2/18/19
Construction is underway on the Thompson Hotel, a 190-room hotel project in Hollywood. Construction of the luxury, boutique hotel, a development of Relevant Group, is being financed with a $63 mil loan provided by Calmwater C...
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• Highbridge Equity Partners Closes $48 Mil Oakland Office Buy
2/15/19
Highbridge Equity Partners closed on a very newsworthy office acquisition in Oakland, paying $48 mil for Tribune Tower, a 22-story tower totaling 95.4k sf ($503/sf) of space ion the city’s downtown. The property was sold by H...
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• Caribou Industries Looking to Start Major Office Redevelopment within the Santa Ana Opportunity Zone
2/14/19
Santa Ana-based Caribou Industries has announced plans for a 1.7 msf office development at the former Orange County Register building called 625IVE, and One Broadway Plaza, within the Santa Ana Opportunity Zone. Caribou has e...
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• Investor Buys 103k sf Industrial Showroom Property in Scottsdale
2/14/19
North Hayden Commerce Center, a 103.5k sf, industrial showroom building in Scottsdale, AZ, sold for $16.48 mil ($159/sf). The property, located at 14000 N. Hayden Rd, was purchased by Hayden Center Investments.
Completed in ...
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• NBP Capital Pays $8.1 Mil for Full City Block Property in Northeast Portland
2/13/19
Portland based NBP Capital LLC has acquired the Sunshine Dairy building, which consists of a full city block, and two adjacent parcels in northeast Portland. The property was sold by Karamanos Holdings Inc in an $8.1 mil deal...
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• Commercial Real Estate Financing Briefs
2/13/19
GEORGE SMITH PARTNERS – Gary Tenzer with George Smith Partners arranged $39.3 mil in forward rate-lock permanent financing on a newly constructed, 154-unit, luxury multifamily property in downtown Ventura, one mile from the P...
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• IDS Real Estate Group and Lionstone Investments Spend $76.8 Mil on Four Office Buildings in San Diego
2/12/19
A partnership between IDS Real Estate Group and Lionstone Investments has acquired four Class A office buildings totaling 181.2k sf within the Liberty Station mixed-use development in San Diego for $76.8 mil ($424/sf). The as...
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• San Jose Office Building Gets New Owner in $63.4 Mil Transaction
2/12/19
In an institutional office acquisition out of Silicon Valley, a joint venture between CIGNA Investment Management and The Muller Company purchased Century Plaza, a 103.6k sf, six-story office building in San Jose, for $63.4 m...
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• Carlsbad Office Building Trades for $197/sf
2/11/19
Palomar Triad, a 46.6k sf, multi-tenant Class A office building in Carlsbad, has sold for just over $9.2 mil, or $197/sf. Originally developed in 1987 and extensively renovated in 2013, the three-story property was purchased ...
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• High-Rise Res Tower Breaks Ground in L.A.’S Koreatown
2/08/19
Hankey Investment Company LP and Jamison Properties LP have broken ground on a $300 mil, 25-story residential tower L.A.’s Koreatown area. The development is at 2900 Wilshire Blvd, at the corner of Wilshire and Hoover St.
Th...
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• San Francisco Office Building Sells for $335 Mil
2/07/19
Clarion Partners, out of New York, has acquired a 374k sf office building in San Francisco for $335.5 mil, or $897/sf. The eight-story building, located at 215 Fremont St, was sold by Jack Resnick & Sons, which bought the ass...
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• PCCP Closes $120 Mil San Francisco Office Buy
2/06/19
PCCP LLC has acquired a four-story, 138.4k sf Class A office building within San Francisco’s Showplace Square office submarket in a $120 mil ($867/sf) transaction. The fully occupied, multi-tenant property is located at 350 R...
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• SteelWave and Invesco Begin Im-Press-Ive Redevelopment of Former L.A. Times Campus in Costa Mesa
2/06/19
Construction has started on The Press, a reinvention of the former LA Times Orange County printing press warehouse and press room into a reimagined creative work campus and proposed food hall. The 420k sf campus, located at 1...
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• Older San Fernando Property to Be Converted into Creative Office Campus
2/05/19
Alvarez & Marsal Capital Real Estate LLC recently acquired a 4.3-acre site in the southwestern San Fernando Valley community of Tarzana for redevelopment into a creative office campus. The property, located at 18362-18424 Oxn...
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