| Commercial Real Estate Financing Briefs
NORTHMARQ CAPITAL - David Blum with NorthMarq Capital arranged a $41 mil construction loan for Riverpoint/Warner Center, a 154-unit multifamily property located at 6801-6819 Canoga Ave in Canoga Park. The project is located a...
| Community Shopping Center in Stockton Sells for $20 Mil
College Square, a 97% occupied, 126.1k sf community shopping center in Stockton, was acquired by a SoCal-based 1031 exchange investor for $20 mil ($158/sf). The center is anchored by Hobby Lobby and Planet Fitness with other...
| Landmark Hotel in Downtown Sacramento to be Redeveloped into a 172-Room Hyatt Centric City Center
Downtown Sacramento will soon have a new boutique hotel added to the cityís mix of hospitality choices, as Presidio Companies has obtained $49.66 mil in construction financing for for the redevelopment of the historic Marshal...
| Penumbra Leases 157k sf of Office Space in the Sacramento Area
Penumbra, a global healthcare company, has signed a new lease for 157.5k sf of Class A office space at 630 Roseville Pkwy, within Roseville Innovation Park in Roseville. Terms of the lease were not disclosed.
Located on Foot...
| Commercial Real Estate Financing Briefs
HFF - Greg Brown and AJ Manas with HFF arranged $26.65 mil in refinancing of a 19-property, 245-bed student housing portfolio near the campus of The University of Southern California (USC) in Los Angeles. The portfolio is loc...
| Amazon Leases New 1.1 msf Distribution Facility in Stockton
Amazon has leased a newly constructed, 1.12 msf industrial facility at NorCal Logistics Center in Stockton. Terms of the lease were not disclosed.
Located at 4532 Newcastle Rd, Amazonís new fulfillment center benefits from ...
| NoCal Apartment Property Sells for over $17 Mil
Union North, a 91-unit residential community in the CA city of Manteca, about 75 miles east of San Francisco, was purchased by a private investment group out of Clovis, CA for $17.2 mil, or $188k/unit.
Built in 1974 and 1979...
| Rocklin Retail Comp Comes in at $250/sf
A 10.1k sf retail center in the Sacramento-area city of Rocklin sold for $2.52 mil, or around $250/sf. The property is located 2600 Sunset Blvd, at the intersection with Fairway Dr.
The property is situated near the Sunset W...
| Ridge Capital Investors LLC and Contrarian Capital Management LLC Spend $39.5 Mil on 268 Res Units in Sacramento
In multifamily investment news out of Sacramento, Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired two suburban apartment communities totaling 268 units in separate transactions totaling $39.5 m...
| ColRich Buys 182-Unit, Sacramento-Area Multifamily Property
ColRich, based in San Diego, has purchased Westwood Apartments, a 182-unit, value-add multifamily community in Carmichael. It was sold by Santa Barbara Capital and InvestWest Financial.
Westwood was originally built in 1968...
| Bixby Land Company Spends $60 Mil on Industrial Assets in Phoenix and West Sacramento
Bixby Land Company recently acquired two Class A industrial properties totaling 723k sf for $60.5 mil ($84/sf). The properties are located in Phoenix, AZ and West Sacramento, CA.
In Phoenix, Bixby purchased a 335.5k sf, Clas...
| Basin Street Properties Pays Over $44 Mil for 345k sf of Office Buildings in Sacramento
Point West, a Class A portfolio comprising three office buildings totaling 345.8k sf in Sacramento, was acquired for $44.6 mil ($129/sf) by Basin Street Properties. The buildings are located at 1545 River Park Drive, 1601 Res...
| Nearon Enterprises Buys 518k sf Sacramento Industrial Portfolio
Walnut-Creek based Nearon Enterprises has made its first entry into the Sacramento region, recently acquiring a fully leased industrial portfolio totaling 517.8k sf for $34 mil, or $66/sf. The seller was Massie & Co, a real e...
| Sacramento Area Shopping Center Trades for Over $18 Mil
Woodland Crossroads, a grocery-anchored promotional shopping center in Woodland (Sacramento Valley), California, has sold to a private capital investment group in Southern California for $18.045 mil. Originally developed in 1...
| Sacramento Business Complex Picked Up for $32 Mil
Seagate Properties purchased Creekside Oaks, a 178.7k sf business campus in Sacramento, for $32 mil, or $179/sf. The three-building, Class A complex was sold by Ridge Capital Inc.
Located at 1740-1760 Creekside Oaks Dr, in...
| El Dorado Hills Building Sells for $120/sf
John Adams Academy Inc paid $8.6 mil for a 71.6k sf ($120/sf) building in El Dorado Hills. Built in 2001, the building is located at 1102 Investment Blvd, within El Dorado Hills Business Center.
John Adams Academy will use ...
| Acadia Realty Trust Closes $59 Mil Sacramento-Area Retail Buy
Elk Grove Commons, a 241.9k sf retail center in the Sacramento region, was recently acquired by Acadia Realty Trust for $59.3 mil, or $245/sf. The property, located at 9624 Bruceville Rd, was 100% occupied at the time of sale...
| Seven NoCal SVN Offices Team Up Under One Label
Seven of SVN International Corpís Northern California offices have joined together to form SVN NORCAL, offering collaborative services, tools and expertise under one brand. SVN International Corp (SVN) is a full-service comm...
| Prologis Buys 575k sf of Industrial Space from CT at NorCal Logistics Center
Prologis purchased two newly-constructed industrial buildings from CT at its NorCal Logistics Center in Stockton for $47 mil. The two buildings total 575.1k sf of space and mark the initial completion of CTís three-building P...
| Inverness Management LLC Buys Sacramento-Area Office Complex
Rocklin Corporate Center, a two-building, 220k sf office complex in Rocklin, was purchased by Inverness Management LLC. Rocklin is situated about 23 miles northeast of Sacramento. The price was not disclosed.
The Class A pro...