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• Roseville Apartment Community Goes for $166k/Unit
12/11/12
Oregon Pacific Investment & Development Company (OPID) recently acquired the Pinnacle at Galleria Apartments, a 236-unit multifamily community in Roseville, for $166k/unit, which multiplies out to a price of around $39 mil. B...
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• Sacramento Walgreens Property Sells for Over $9 Mil
11/30/12
A 17.3k sf freestanding Walgreens building in Sacramento sold for $9.238 mil, or about $534/sf. The property was sold to an all-cash, California-based high-net worth investor at a market low cap rate of 5.25 percent.
The pr...
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• Latest Tenant at Folsom Biz Park is a Real PRO
11/28/12
PRO Unlimited signed off on a lease for 14.8k sf of office space at Iron Point Business Park, a 211.1k sf business campus in Folsom, 24 miles northeast of Sacramento. PRO Unlimited, a global servicer of procurement, managemen...
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• OC Investor Picks Up 271-Room Sacramento Hotel
10/09/12
Orange County-based BA Hotel LLC has acquired the Hawthorn Suites by Wyndham in Sacramento for $5.625 mil. The lender-owned asset was sold by an affiliate of Miami-based special servicer LNR Partners Inc.
The 271-room all-su...
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• KBS Strategic Opportunity REIT Originates $36 Mil Loan on NoCal Apt Asset
9/21/12
OC-based KBS Strategic Opportunity REIT has originated a $35.75 mil first mortgage loan secured by Ponte Palmero, a 239-unit continuing care retirement community in Cameron Park, CA, about 33 miles east of Sacramento. The bor...
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• Bayside Communities Purchases 220-Unit Sacramento Apartment Community
9/19/12
Bayside Communities has acquired Azure Park Apartments, a 220-unit affordable apartment community in Sacramento. The property, which is currently 85% leased, will be significantly renovated and renamed Lotus Landing.
The p...
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• Donahue Schriber Underway With 900k sf of Retail Space Just Outside of Sacramento
9/05/12
Donahue Schriber has begun construction on Rocklin Crossings, a 543.5k sf power center located at the southeast quadrant of Sierra College Blvd and I-80 in Rocklin, roughly 20 miles northeast of Sacramento.
Rocklin Crossings...
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• Trion Properties Completes Two NoCal Apt Buys and One Disposition
8/22/12
LA-based Trion Properties recently completed two NoCal multifamily acquisitions, in Fresno and Sacramento, while selling another asset, located in Auburn. The company acquired 124 units in Fresno and in a separate transaction...
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• JMA Ventures’ Purchase of Downtown Plaza Expected to Spur Redevelopment in Downtown Sacramento
8/16/12
In a recent transaction that is expected to spur redevelopment activity in Sacramento’s downtown area, JMA Ventures LLC (JMA) has acquired a substantial interest in Downtown Plaza, a mixed-use property that encompasses six c...
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• Uncertainty about Sacramento Economy Bodes Well for Region’s Rental Market
8/13/12
The lack of confidence surrounding the Sacramento economy will bode well for apartment owners through 2012, according to Marcus & Millichap’s 3rd Quarter 2012 Apartment Research Report for the region. Though job growth has re...
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• Crazy Climbers Ink Long-Term Lease in Roseville
7/30/12
Crazy Climbers inked a long-term lease for 10.9k sf of space at Roseville Commerce Center, a 113.3k sf industrial/flex/office/retail campus in Roseville, 18 miles northeast of downtown Sacramento. The property was purchased i...
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• Vanir Group Purchases 75k sf Lincoln Mixed-Use Property
7/25/12
Vanir Group of Companies has purchased Lincoln Gateway, a 74.6k sf, mixed-use retail/office property located at 100-170 Gateway Dr in Lincoln, roughly 30 miles northeast of downtown Sacramento. The property was sold by Panatt...
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• Sacramento Retail Shaping Up with Fitness Club Lease
7/16/12
We’ve got a couple of Sacramento-area retail deals to report. In one, Best Supplement (dba Fitness System West Sacramento) inked a lease for 24.7k sf of end cap space in West Sacramento. The space is located 2531 Evergreen Av...
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• Tracy Scifo Joins Jones Lang LaSalle as General Manager for the Firm’s NoCal Property Management Group
7/12/12
Tracy Scifo was hired by Jones Lang LaSalle as a General Manager in the firm’s Northern California Property Management group. In her new role, Scifo and her team will provide property management services, facilities and cons...
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• Investor Purchases $10.5 Mil Non-Performing Loan on Sacramento Retail Center
7/09/12
A privately held real estate investment and management company recently completed the acquisition of a $10.5 mil non-performing senior mortgage, which is secured by the Glenbrook Shopping Plaza, a five-building, 69.2k sf shop...
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• Virtú Investments Spends $12 Mil in Davis Multifamily Property
6/29/12
In a Sacramento-area multifamily buy, Virtú Investments has paid $12.05 mil for Americana Arms Apartments, a 157-unit ($76.7k/unit) in Davis. The 74.7k sf property is located at 1124 F St, approximately one mile from the Univ...
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• Decron Properties Closes 264-Unit Sacramento Res Buy
6/18/12
Decron Properties Corp, a Los Angeles-based owner/developer, closed on its first Sacramento investment by acquiring Broadstone at Strawberry Creek, a 264-unit multifamily apartment community. Decron has been a very active pla...
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• Sierra Pacific Mortgage Inks New Office Lease at Folsom Biz Campus
6/13/12
Sierra Pacific Mortgage signed a new HQ lease for 29.2k sf of space at Iron Point Business Park in Folsom, CA, about 24 miles northeast of downtown Sacramento. Sierra Pacific, a national mortgage lender, is relocating from wi...
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• Renovations Well Underway on UC Davis Off-Campus Housing Property
6/12/12
The Grove, an 80-unit rental apartment community in the NoCal college town of Davis, is more than halfway through an eight-month renovation that is designed to reposition the property and enhance its appeal to student renters...
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• Rawlings and Vallentine Join Sacramento Office of Jones Lang LaSalle
5/18/12
Clyde Rawlings and Toss Vallentine have been hired by Jones Lang LaSalle’s Sacramento office. Rawlings, a 24-year industry veteran previously with Grubb & Ellis, joins as Senior Vice President. Vallentine, also formerly wit...
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