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• Sacramento Retail Center Sells for $42 Mil
11/30/16
A subsidiary of NewMark Merrill Companies LLC has purchased Southgate Plaza, a 339.4k sf, grocery-anchored shopping center in Sacramento. The property, located at Florin and Franklin, sold for $42.1 mil ($124/sf).
Southgate...
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• Pacific Castle Completes Two Property Acquisitions and One Sale in Deals Totaling About $50 Mil
11/29/16
Pacific Castle recently completed three CA transactions totaling more than $50 mil. The deals consisted of two acquisitions and one disposition.
In one of the acquisitions, Pacific Castle purchased Prune Tree Shopping Center...
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• Westcore Properties Invests $6 Mil in Stockton Industrial Property
11/17/16
Westcore Properties has boosted its portfolio with the recent purchase of a 172.5k sf industrial property in Stockton for $6 mil, or $35/sf. The property, located at 4545 Qantas, was sold by Sacramento-based Friedman Family.
...
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• Sacramento Area Biz Campus Trades in $70 Mil Deal
11/15/16
Fulcrum Properties closed on a sizable investment buy in the Sacramento area, paying $70 mil for University Research Park, a 17-building campus totaling 304.9k sf ($230/sf) in Davis. The property was 92% percent leased at the...
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• Roseville Office Property Sells in $27 Mil Deal
11/08/16
A joint venture between Barker Pacific Group (BPG) and WHI Real Estate Partners (WHIREP) has acquired Lava Ridge Business Center, a Class A office asset in Roseville, CA. The property, sold by Utah-based PRI, traded for $27.6...
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• Latitude Real Estate Investors Closes 220-Unit Sacramento Apartment Buy
10/21/16
In a recent Sacramento multifamily buy, Latitude Real Estate Investors purchased Green Leaf Arbors, a 220-unit, Class B apartment community. The property was sold by Green Leaf Partners.
Located at 2501 Hurley Way, Green Lea...
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• Trion Properties Collects Over $25 Mil from Sales of Two Sacramento Area Res Properties
10/10/16
Trion Properties has repositioned and sold two multifamily communities in Sacramento in deals worth a combined $25.5 mil. The two dispositions include Sierra Village, a 185-unit garden-style apartment community, and Regalia C...
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• Elk Grove Retail Property Fetches Almost $500/sf
9/28/16
A 7.1k sf retail property in Elk Grove, CA has sold for $3.51 mil, or $494/sf. The property includes a single-tenant freestanding restaurant building that is NNN-leased to Chicago Fire Pizza, one of the Sacramento region’s to...
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• Sacramento Area Res Community Trades for $84k/Unit
9/22/16
Sierra Village, a 185-unit, Class B apartment community located in the North Highlands submarket of Sacramento, was purchased for $15.5 mil ($83.8k/unit) by Oracle Properties Development. The asset was sold by Trion Propertie...
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• Investor Pays Over $27 Mil for Sacramento-Area Multifamily Complex
9/01/16
Gold Ridge Apartments, a 268-unit, Class B apartment community located in the Rancho Cordova submarket of Sacramento, was acquired for $27.4 mil ($102k/unit) by a private investor in a 1031 exchange. It was sold by Oakmont Pr...
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• Basin Street Properties Picks Up 290k sf Office Campus in Sacramento
8/30/16
Basin Street Properties has acquired Harvard Corporate Center, a Class A, 290.4k sf office complex in Sacramento. The mid-rise campus, sold by USAA, was 96% occupied at time of sale. The purchase was financed with a $31 mil ...
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• Folsom BIG LOTS Store Getting Lots Bigger
7/21/16
BIG LOTS is nearly doubling the size of its existing store at American River Plaza in Folsom. Currently operating in 23.7k sf of space since 2008, the non-traditional, discount retailer will be expanding this Sacramento Valle...
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• Capital One Provides $5 Mil Fannie Mae Loan on NoCal Manufactured Housing Community
7/05/16
Capital One provided a $5 mil Fannie Mae fixed-rate loan for the acquisition of Olive Hill Mobile Home Community, a 128-unit manufactured housing community in Oroville, a California city situated north of Sacramento. The 10-y...
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• Commercial Real Estate Financing Briefs
6/09/16
NEWMARK REALTY CAPITAL - Demetri Koston and Skip Slavin of Newmark Realty Capital have arranged $10.2 mil in permanent financing for Lincoln Heights, a stabilized grocery-anchored multi-tenant retail center in Spokane, WA. Th...
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• Oakmont Properties Pays $271k/Unit for Multifamily Asset in El Dorado Hills
6/03/16
Oakmont Properties purchased LeSarra Apartments, a 105-unit, Class A multifamily community located in El Dorado Hills, about 25 miles outside of downtown Sacramento. The asset was sold by Ridge Capital Investors for $28.5 mil...
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• Oakmont Properties Collects $89 Mil from Sale of Three Sacramento Res Properties
5/31/16
Oakmont Properties recently sold three Sacramento apartment communities in separate transactions that totaled $89 mil, or just over $105k/unit. The properties were each purchased by separate buyers.
The properties sold were:...
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• Earthsavers Erosion Control Leases 108k sf Sacramento-Area Industrial Space
5/30/16
Earthsavers Erosion Control (ESEC) inked a 10-year lease for 108k sf of industrial space in the NoCal city of Woodland, in the Sacramento Valley. For ESEC, a leader in erosion control offering such products as Rice Straw Watt...
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• Sacramento Res Property Trades for $9.8 Mil
5/25/16
River Walk Villas, a 65-unit, Class A multifamily community located in Sacramento, recently sold for $9.8 mil, or $150.8k/unit, in an off-market transaction. Built in 2007, the asset is located at 631 Garden Hwy.
River Walk ...
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• Continental Funding Group Arranges $11.5 Mil on Three Sacramento Assets
5/09/16
Continental Funding Group has arranged $11.5 mil in mini-perm debt refinancing for one retail and two office properties encompassing a combined 136.2k sf in Sacramento, on behalf of its client, a regional investment firm that...
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• Vestar Closes $28 Mil NoCal Retail Buy
5/05/16
Vestar has acquired Sierra Oaks Plaza, a 105.6k sf, neighborhood shopping center in Granite Bay, CA, for $28.1 mil ($266/sf). Sierra Oaks Plaza is located at the intersection of Douglas Blvd and Sierra College Blvd, roughly ...
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