| Sacramento Apartment Community Sells for $450k per Unit
Walnut Creek-based Sequoia Equities paid $53 mil for EVIVA Midtown, a six-story, 118-unit trophy apartment community located in Sacramento’s urban core. At nearly $450k per unit, the property commanded the highest price per u...
| Sacramento Area Retail Center Trades for $39.7 Mil
Nazareth Enterprises Inc has purchased the Walmart Central Shopping Center in Folsom, a 139.4k sf retail center situated on 12.1 acres, for $39.7 mil ($285/sf).
Located at 1002-1016 Riley St, the shopping center is anchore...
| Pathfinder Partners Pays $115k/Unit for Sacramento Apartment Complex
Savannah Court, a 195-unit Class B apartment community in Sacramento, was purchased by Pathfinder Partners for $22.425 mil ($115k/unit). Built in 1986, the property is located at 4301-4399 Norwood Ave.
Savannah Court consist...
| Westcore Properties Spends $9 Mil on Stockton Industrial Asset
Westcore Properties has acquired a 158.4k sf, industrial building in Stockton for $9.1 mil ($57/sf). The property, located at 3834 Duck Creek Dr, marks the firm’s fourth Stockton-area industrial property purchase over the las...
| Leasing Interest Strong for New Sacramento Urban Office/Tech Campus
The Cannery is a newly developed urban office and technology campus in Midtown Sacramento’s arts and cultural epicenter. Housed in an historic former canning plant, the 275.4k sf campus is located at 1651 Alhambra Blvd.
| Sacramento-Area Res Property Refinanced with $47 Mil Fannie Mae Loan
Wasatch Group has obtained a $47.2 mil Fannie Mae fixed-rate loan to refinance Chesapeake Commons, a 600-unit apartment community in Rancho Cordova, a city in the Sacramento Metropolitan Area. The financing, provided through ...
| Sacramento Ranked 10th on CBRE List of Tech Talent Momentum Markets
Sacramento ranked #10 on CBRE’s list of tech talent momentum markets, a measurement of the change in tech job growth, as part of its fifth annual Scoring Tech Talent Report.
The report finds that tech job growth gained mome...
| Walker & Dunlop Arranges $34 Mil in Freddie Mac Funding for Roseville Apartment Project
Walker & Dunlop Inc provided a $33.8 mil commitment under the Freddie Mac Tax Exempt Loan (TEL) Unfunded Forward Program for the permanent financing of Campus Oaks Phase I, an affordable, garden-style apartment community in R...
| Sacramento Area Residential Property Sells for $110k/Unit
A partnership between Ridge Capital Investors LLC and an affiliate of Andell Inc have acquired Sierra Fair Apartments, a 204-unit property in the Sacramento area, for $22.35 mil ($110k/unit). The Class B property is situated ...
| Sacramento-Area Walgreens Sells for $500/sf
A 14.5k sf, NNN Walgreens located in the Sacramento suburb of Elk Grove has sold for $7.34 mil ($506/sf). The 10-year-old, Walgreens property traded at a 5.64% cap rate.
Located at 9200 Elk Grove Florin Rd, at the intersecti...
| Investor Spends $32.5 Mil on 236 Res Units in Modesto
A SoCal investor has paid $32.57 mil for two multifamily communities totaling 236 units ($138k/unit) in Modesto. The acquisition consists of The Commons Apartment Homes, a 100-unit community on Standiford Ave, and Summerview ...
| Avanath Capital Management Spends $56.5 Mil on Sacramento Res Portofolio
Avanath Capital Management LLC has acquired an affordable housing portfolio of three apartment communities totaling 468 units in Sacramento for $56.5 mil ($121k/unit). The acquisition nearly doubles Avanath’s footprint in the...
| Decron Properties and Sequoia Trade Multifamily Assets in $193 Mil Transaction
In an unusual institutional-quality multifamily investment deal, Decron Properties has traded a 264-unit property in Sacramento and cash to Sequoia in a direct exchange for a two-property 504-unit apartment portfolio in Simi ...
| Westcore Properties Spends $14.4 Mil on Stockton Industrial Asset
Westcore Properties has acquired a 277.5k sf industrial property in Stockton for $14.43 mil ($52/sf) in an off-market transaction. Located at 1627 Army Ct, approximately one mile west of I-5, the multi-tenant industrial build...
| Chico Apartment Portfolio Trades in $51.7 Mil Deal
A portfolio of six apartment properties totaling 410 units in Chico, CA traded hands in a recent $51.7 mil transaction ($126k/unit). The buyer utilized $38.9 mil in Fannie Mae financing to purchase the properties, which are a...
| Barker Pacific Group and WHI Real Estate Partners Team up in Sacramento Office Buy
In a recent Sacramento-area office buy, a joint venture between Barker Pacific Group (BPG) and WHI Real Estate Partners (WHIREP) has acquired Olympus Corporate Center, a Class A asset in Roseville, in a deal valued at $33.85 ...
| Continental Partners Arranges $21 Mil on Two CA Retail Properties
Continental Partners recently secured $21.4 mil in refinancing for a 152.7k sf shopping center in Sacramento and a 149.6k sf retail property in Los Banos. The borrower is a private real estate investor that specializes in acq...
| Sacramento Retail Center Sells for $42 Mil
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).
| Pacific Castle Completes Two Property Acquisitions and One Sale in Deals Totaling About $50 Mil
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...
| Westcore Properties Invests $6 Mil in Stockton Industrial Property
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.