| Jason Gallelli, Partner and President at Gallelli Real Estate, Passes Away
Jason Gallelli, Partner and President at Gallelli Real Estate in Roseville, CA, passed away suddenly Sunday morning.
Gary Gallelli, Jr., Partner, CEO, said “It is with a heavy heart that I announce the passing of my brother ...
| Bridge Investment Group Buys 339-Unit Sacramento Multifamily Community
The Fountains at Point West, a 339-unit multifamily property in Sacramento, was acquired by Bridge Investment Group, out of Salt Lake City, in an $85.15 mil transaction. The property, viewed as a value-add opportunity, is loc...
| Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...
| Harbor Group International Buys 157k sf Sacramento Area Office Property
Virginia-based Harbor Group International (HGI) closed on a Sacramento area acquisition, purchasing a 157.5k sf Class A office and lab property in Roseville. The price was not immediately given out.
The single-story building...
| MG Properties Spends $65 Mil on Sacramento Multifamily Property
Landing at College Square, a 270-unit multifamily property in Sacramento, was purchased for $64.75 mil ($240k/unit) by MG Properties, out of San Diego. The property, located at 7640 West Stockton Way, was sold by Oakmont Prop...
| SoCal Buyer Spends $15.7 Mil on Sacramento Res Property
Rosemont Terrace, a 100-unit apartment complex located in the Rosemont neighborhood of Sacramento, was purchased by a SoCal-based buyer in a $15.7 mil ($157k/unit) transaction. The listing generated multiple offers.
| Prime US REIT Pays $165 Mil for Sacramento Office Tower
Prime US REIT has purchased Park Tower, a 489.2k sf, Class A office building in downtown Sacramento, for $165.5 mil, or $338/sf. Prime, which trades on the Singapore Exchange Securities Trading, was assisted in the transactio...
| Davis Res Property Trades for $42 Mil
Cambridge House, a 140-unit community in Davis, CA, sold for $42 mil, or $300k per unit. The property is located at 619 Pole Line Rd, about 15 miles west of downtown Sacramento.
Built on 3.92-acre site, Cambridge House boast...
| NoCal Buyer Pays $783/sf for Sacramento Retail Property
A Sacramento area retail center was acquired by a Bay Area investor in a deal with a price tag of $2.74 mil. The property, a new-construction, two-tenant, retail pad building occupied by Dunkin’ Drive-Thru and T-Mobile at a F...
| Sacramento Area Res Community Trades in $33 Mil Deal
Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired Sterling Pointe, a 250-unit, suburban Sacramento apartment community, for $33 mil, or $132k/unit.
Sterling Pointe, located at 2237 and 2257 Hur...
| Harbert Seniors Housing Fund II L.P Picks Up 134-Unit Seniors Housing Property in the Sacramento Area
Harbert Seniors Housing Fund II L.P recently acquired The Pines at Rocklin, a 134-unit seniors housing property in Rocklin, CA. The Pines at Rocklin is located at 500 W Ranch View Dr in Rocklin, roughly 30 miles northwest of ...
| Grand Peaks Properties Buys Student Housing Development Now Under Construction Near UC Davis Campus
Grand Peaks Properties has acquired Lincoln40 -- a student housing community now under development near the campus of the University of California, Davis. The price was not disclosed.
The property was sold by HighBridge Prop...
| Investor Exchanges into Newly Constructed Dialysis Clinic in Modesto
A 1031 exchange investor has paid $6.1 mil for a newly constructed, 11.3k sf ($539/sf) outpatient dialysis clinic in Modesto, CA. The deal closed at a cap rate of 5.1%.
The outpatient clinic is located at 1328 Coffee Rd, ju...
| Shamrock Acquisitions Lands $69 Mil in Construction Money for Merced Housing Development
Shamrock Acquisitions LLC has obtained $68.75 mil in construction financing for an 885-bed student housing development in Merced, CA. The funding was provided by an affiliate of Mosaic Real Estate Credit (MREC).
| Grocery Outlet Store in Sacramento Sells for $4.6 Mil
Grocery Outlet, a 15.5k sf net-leased property located in Sacramento, sold for $4.65 mil ($300/sf). The lease is corporate guaranteed.
Grocery Outlet sits on a 26.8k sf lot at 2308 Del Paso Blvd. The store was constructed in...
| Sacramento Area Retail Center Purchased for $11 Mil by SoCal Investors
A 61k sf, triple-net retail property in Carmichael, CA was acquired by Diamond Developers LLC, a SoCal-based group of private investors, in an $11 mil ($180/sf) transaction. The property, Carmichael Center, is located at 7223...
| Stockton Dialysis Clinic Sells for $550/sf
An unnamed private investor from Northern California paid $7.5 mil for a 13.6k sf ($551/sf), dialysis clinic in Stockton. The transaction closed at a cap rate of 5.15%.
The outpatient clinic is located at 7500 West Lane and ...
| Local Group Buys Sacramento Center
Strawberry Creek, a 57.4k sf shopping center in Sacramento, has sold for $20.95 mil ($365/sf). The four-building property includes a vacant parcel that can be used for future development.
Shadow-anchored by a 133k sf Target...
| Sacramento-Area Office Property Sells for $23.7 Mil
Iron Point LLC has purchased Natoma Station Corporate Center, a Class A, 102.8k sf multi-tenant office property in Folsom, about 20 miles east of Sacramento, for $23.7 mil, or $230/sf. Iron Point plans to occupy a portion of ...
| Bay Area Investor Pays $121.5k/Unit for Sacramento Multifamily Property
The Regency Apartments, a 130-unit community in Sacramento, sold for $15.8 mil ($121.5k/unit) after receiving multiple offers. The property, located at 5900 Riza Ave, was purchased by a private investor based in the Bay Area....