| West Sacramento Industrial Project Refinanced with $17 Mil Loan
The Bendetti Company has refinanced Parkway Industrial Crossing, a 302.4k sf, value-add industrial project in West Sacramento, with a new loan for $16.9 mil. The asset includes an adjacent vacant land parcel.
Situated on 12....
| Two-Tenant Retail Building in Merced Fetches Over $700/sf
A 3.7k sf, two-tenant, net-leased retail building in Merced sold for $2.645 mil ($715/sf). The property, occupied by a Starbucks with a drive-thru and T-Mobile, is located at 360 W. 16th St. The transaction came in at a recor...
| Sacramento Multifamily Property Trades for $100k/Unit
A 40-unit apartment complex in Sacramento sold for $4 mil, or $100k/unit. The 32k sf property consists of 10 buildings located at 6304 Lemon Hill Ave.
Built in 1965, the garden-style apartment community boasts a unit mix of ...
| Oakdale Communities Secures $83 Mil for Sacramento Res Development
Oakdale Communities has secured $83 mil in financing for the development of The Core Natomas, a 300-unit, luxury apartment project in Sacramento. The loan was arranged by CBRE Capital Marketsí Debt & Structured Finance.
| Bentall Kennedy Pays $105 Mil for 1.12 msf NoCal Facility Occupied by Amazon
Bentall Kennedy (U.S.) Limited Partnership completed a $105.3 mil industrial acquisition in Stockton on behalf of its US Core Fund. The 1.12 msf ($94/sf) building, previously one of the largest spec industrial developments in...
| SoCal Investor Buys Dollar General Store for $281/sf
A 9k sf, single-tenant retail property fully occupied by Dollar General in Red Bluff, CA sold for $2.53 mil, or $281/sf. The buyer was an unnamed SoCal-based family trust.
Built in 2013, the property is located on just under...
| Ethan Conrad Properties Buys 500k sf NoCal Retail Center
Chico Mall, a 503.7k sf regional mall located in the city of Chico, was purchased by Ethan Conrad Properties. The center is anchored by Dicksí Sporting Goods, JCPenney and Forever 21, as well as a former Sears box that is cur...
| Sacramento Area Office/Retail Property Purchased for $225/sf by Private Investor
In a recent NoCal mixed-use, investment buy, a private investor paid $4.14 mil for an 18.4k sf ($225/sf) office/retail property located at 110 Gateway in Lincoln, about 30 miles northeast of Sacramento. The property, situated...
| Bixby Land Led Venture Secures $180 Mil Credit Facility
Bixby Land Co, in a joint venture with an institutional partner, has secured a $180 mil credit facility. The fundís initial closing of $48.875 mil was used to finance a four-building, Class A industrial portfolio totaling 982...
| Seagate Properties Buys Sacramento Office Building
Seagate Properties Inc has purchased The Senator, a 180.1k sf landmark office building in Sacramento, for $46.9 mil ($260/f). The property, located directly across from the State Capitol at 1121 L St, was 88% leased at the ti...
| 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...