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December 7, 2019
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• Newmark Cornish & Carey Opens Downtown Sacramento Office
Newmark Cornish & Carey recently opened an office in downtown Sacramento, after signing a lease for a 10.5k sf space on the top floor of the award-winning Park Tower, an art-deco-inspired building located at 980 9th Street. T...
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• DiNapoli Capital Partners Buys Roseville Seniors Community
DiNapoli Capital Partners (DCP) has acquired Alta Manor seniors community in Roseville, CA, for $16.55 mil. For Walnut Creek-based DCP, the deal represents their fourth senior housing acquisition. Built in 2008, Alta Manor i...
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• Capital One Multifamily Arranges Refi on Sacramento Apartment Community
Trion Properties has obtained a $5.5 mil adjustable-rate Freddie Mac loan to refinance its purchase of Regalia Crest, a 128-unit apartment community in Sacramento. Andrew Kwok, Assistant Vice President in Capital One Multifam...
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• California’s Board of Equalization Renews 67k sf Sacramento Space
California’s Board of Equalization has renewed its 66.6k sf space at Gateway Corporate Center in Sacramento. The 235.2k sf office property is owned by Newport Beach-based KBS Real Estate Investment Trust II. Terms of the deal...
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• PCCP Buys Sacramento-Area Office Property
PCCP LLC acquired Stoneview Plaza, a 108.4k sf, Class A office building in Roseville, about 22 miles northeast of Sacramento. The asset was in foreclosure and sold by the lender via Built in 2005, the property i...
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• Pacific Southwest Realty Services Arranges $30 Mil on Sacramento-Area Retail Center
Scott Clark and Kostas Kavayiotidis out of Pacific Southwest Realty Services’ (PSRS) Los Angeles office have closed a $29.75 mil loan secured by a shopping center in Elk Grove, CA. The loan was used to acquire the property, ...
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• Sacramento-Area Multifamily Property Goes for $182k/Unit
El Dorado Village, a Class A, multifamily community in the affluent, Sacramento-area submarket of El Dorado Hills, sold for $12.4 mil ($182k/unit) in an off-market transaction. The 68-unit, garden-style complex is located nor...
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• Two Apartment Properties Near UC Davis Fetch $53 Mil
In this report, we’ll update you on two multifamily sales totaling $53 mil in the NoCal city of Davis. The two properties, College Square and Academy Lane, are located around the corner from one another, situated just a short...
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• Logistics Firm Leases 96k sf Sacramento-Area Warehouse Space
Updike Distribution Logistics has leased 96.1k sf of warehouse/distribution space in the Sacramento Valley. The space is part of a larger, multi-tenant Class A industrial facility located at 2160 Hanson Way in the city of Woo...
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• Panattoni Development Acquiring 15 Acres in Davis for New Office/Lab/Tech Project
Here’s news of significant development plans out of the Sacramento area, as Panattoni Development Company is in escrow to acquire an undeveloped 14.81-acre site in Davis for a new commercial project. Panattoni plans to deve...
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• Storz Management Lands $10 Mil in Financing for Sacramento-Area Manufactured Home Community
Storz Management Company (SMC) has obtained $10 mil in financing for Meadowbrook MHC, a 269-home site, all-age manufactured home community in the North Highlands area of Sacramento. Meadowbrook MHC is situated on 33 acres at...
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• Sares Regis Group of Northern California Acquires Mountain View Property for New Res Development
Sares Regis Group of Northern California (SRGNC) has acquired 1101 West El Camino Real in downtown Mountain View. Sares Regis received approval from the City of Mountain View in November to construct condominiums in a new lu...
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• Ken Reiff Named President of NoCal Chapter of SIOR
Ken Reiff, SIOR and Managing Director of Cassidy Turley’s Sacramento office, has been named President of the Society of Industrial and Office Realtors (SIOR) – Northern California Chapter. The President acts as the Chapter’s ...
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• Draftsmen & Craftsmen
West Sacramento-based Clark Pacific has been awarded the contract by Turner Construction to deliver the precast scope of work for the Sacramento Kings’ Entertainment and Sports Center (ESC) in downtown Sacramento. Clark Pacif...
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• JB Matteson Closes 216-Unit Sacramento Res Buy
In a recent institutional multifamily investment in Sacramento, JB Matteson Inc purchased Medici Apartment Homes, a Class A, 216-unit garden-style apartment community. The property, located at 4450 El Centro Rd in the city’s ...
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• Eagle Group Closes $20 Mil in Short-Term Loans on Three Properties in California
Eagle Group Finance has funded three separate short-term, non-recourse loans totaling $20.24 mil, and secured by commercial real estate assets in West Los Angeles, Sacramento and Downtown Los Angeles. In one of th...
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• Sacramento Area Apartment Complex Recapitalized in Region’s Most Expensive Multifamily Sale
Rosemeade at Olympus Pointe, a 465-unit apartment complex in the Sacramento-area city of Roseville, was acquired by The ConAm Group and SyRES Properties. The property was purchased from a group comprised of The ConAm Group an...
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• HFF Arranges $15 Mil on Rancho Cordova Manufactured Home Community
HFF has arranged $15 mil in financing for Mobil Country Club, a 479-unit, senior (55+) manufactured home community in Rancho Cordova, CA. Mobil Country Club is situated on a 54.6-acre site at 2473 Sunrise Blvd, approximately ...
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• NoCal Investor Buys Two Sacramento Apartment Properties Totaling 160 Units
A San Francisco based investor with international capital purchased two Sacramento area multifamily properties totaling 160 units for $10.65 mil ($66.6k/unit). The acquisitions, Granite Springs and Ridgestone Apartments, are ...
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• Green Acres a Hit with the SBA
The owners of Green Acres Nursery & Supply have purchased a 162-acre, wholesale plant nursery in Sacramento. The property, located at 10600 Florin Rd, was acquired with a 20-year, fixed-rate SBA 504 loan for $5 mil. The f...
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