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• Life Science Properties in San Diego Refinanced with New $70 Mil Loan
12/19/18
Bioscience Properties Inc and Singerman Real Estate LLC have secured $70.5 mil in financing on a two-property, 230k sf life science portfolio in San Diego’s Sorrento Mesa area. Loan proceeds are being used to convert the buil...
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• Pasadena Office High-Rise Trades for $82 Mil
12/18/18
A joint venture between Barker Pacific Group (BPG) and Rockwood Capital has acquired 301 N Lake Avenue, a 227k sf, Class A office building in Pasadena. The 11-story high-rise, north of Colorado Blvd at the 210 Fwy, traded for...
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• Student Housing Project in Downtown Berkeley Gets $26 Mil in Development Money
12/17/18
The Austin Group has obtained $26.25 mil in development money for The Den, a 160-bed student housing development located in the heart of Downtown Berkeley, at Telegraph Ave and Channing Way. The site, requiring demolition of...
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• Camarillo Industrial Portfolio Trades for $24.5 Mil
12/14/18
In the Ventura County city of Camarillo, a portfolio of three industrial buildings totaling 149.8k sf of space, sold for $24.5 mil ($164/sf). The individual properties that comprise the portfolio include an 81.2k sf building ...
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• Santa Ana Site Ground-Leased for Affordable Housing Development
12/14/18
In news of a large affordable housing transaction out of Orange County, a venture consisting of Alexis Gevorgian of AMG & Associates LLC, The Pacific Companies and Jamboree Housing, agreed to a 99-year ground lease for a 6.84...
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• $85 Mil Spec Industrial Facility in Phoenix’ West Valley is Now Available
12/12/18
Lincoln Property Company has completed Lincoln Logistics 40, a 901.8k sf, Class A industrial facility on more than 20 acres in Phoenix’ West Valley. We’re told that the $85 mil project represents Phoenix’s first-ever 40’ clea...
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• Out of State Investor Pays $32 Mil for Chandler, AZ Res Community
12/12/18
River Ranch, a 188-unit multifamily community in Chandler, AZ, traded hands in a recent, $32 mil ($170.2k/unit) deal. Located at 6152 W. Oakland St, the asset was acquired by Greystar GP II LLC, an entity formed by Greystar o...
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• Seligman Group and Irvine-based Pendulum Property Partners Acquire Majority Retail Portion of Liberty Station
12/11/18
A 321k sf portion of Liberty Station, a mixed-use development in San Diego, was acquired by a partnership between Seligman Group and Irvine-based Pendulum Property Partners. The complex, offering coastal, urban, infill retail...
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• San Francisco’s California Pacific Medical Center Campus to be Redeveloped into a Single-Family and Multifamily Residential Campus
12/11/18
TMG Parters and Grosvenor Americas have teamed up to redevelop the California Pacific Medical Center (CPMC) Presidio Heights campus in San Franciso. The redevelopment will transform the CPMC campus from a large-scale hospital...
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• Kennedy Wilson Closes $49 Mil Res Buy in Utah
12/10/18
Kennedy Wilson has acquired Alpine Meadows, a 222-unit wholly owned apartment community in the Salt Lake City region, for $49 mil, or $220.7k/unit.
Kennedy Wilson invested $20 mil of equity in Alpine Meadows, while also obt...
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• Historic Courthouse Property in Portland Sells for $28 Mil
12/10/18
Portland’s historic Central Courthouse property was acquired by locally-based NBP Capital LLC for $28 mil. The century-old building, located at 1021 SW 4th Ave in the city’s downtown, is listed on the National Register of His...
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• TH Real Estate Goes Yard in Sorrento Mesa
12/07/18
The Yard, a 60.5k sf repurposed creative office building in Sorrento Mesa was purchased for $24.825 mil ($410/sf) by TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA). The property was sold by the...
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• Embassy Suites by Hilton Anaheim – South Hotel Refinanced with $71 Mil Loan
12/07/18
Landmark Companies has obtained a $71 mil, fixed-rate loan for the 375-key Embassy Suites by Hilton Anaheim - South hotel. The hotel, at 11767 Harbor Blvd in Garden Grove, is located two blocks from Disneyland Resort.
Marc ...
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• Creative Office Portfolio in Culver City Lands $231 Refi Loan
12/06/18
Square Mile Capital Management LLC and Deutsche Bank have co-originated $231.6 mil in financing for a 319.4k sf creative office portfolio located in Culver City. The borrower is Samitaur Constructs, a Los Angeles-based owner/...
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• Two High-End San Francisco Retail Properties Land $125 Mil in Refi Money
12/06/18
Newmark Knight Frank has arranged a $125 mil, fixed-rate loan on behalf of a high net worth family investment entity to refi two high-end retail properties in San Francisco. The assets, located at 111 Maiden Lane and 201 Post...
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• TMG Partners and KKR Complete $255 Mil Bay Area Office Buy
12/05/18
TMG Partners and KKR have teamed up in major Bay Area office acquisition. The venture has purchased 1221 City Center, a 24-story, 522k sf tower in Downtown Oakland. The Class A tower is located at 1221 Broadway, at the inters...
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• AZ Office Complex Acquired for $25 Mil by Ascentris
12/05/18
Kierland Corporate Center, an 81.9k sf, Class A office complex in Scottsdale, AZ, traded hands in a recent $25 mil ($305/sf) transaction. The buyer was Ascentris, a Denver-based real estate private equity firm. It was sold by...
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• Continental Realty Advisors Ltd and MLG Capital Team Up in $53 Mil AZ Res Buy
12/05/18
Tempe Metro, a 408-unit apartment community in Tempe, AZ, was acquired by Continental Realty Advisors Ltd and MLG Capital in a recent $53.5 mil ($131k/unit) deal.
Completed in 2010, Tempe Metro features studios, one-, two- a...
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• Shopping Center in L.A.’s Pico-Robertson Area Trades for $50 Mil
12/04/18
The Balcony at Beverwil, a fully leased, 71.2k sf shopping center in the Pico-Robertson area of West Los Angeles, sold for $50.25 mil, or about $705/sf. The property, located at the southeast corner of Pico Blvd and Beverwil ...
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• Landmark Hotel in Downtown Sacramento to be Redeveloped into a 172-Room Hyatt Centric City Center
12/04/18
Downtown Sacramento will soon have a new boutique hotel added to the city’s mix of hospitality choices, as Presidio Companies has obtained $49.66 mil in construction financing for for the redevelopment of the historic Marshal...
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