| Sacramento Area Biz Campus Trades in $70 Mil Deal
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...
| Roseville Office Property Sells in $27 Mil Deal
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...
| Latitude Real Estate Investors Closes 220-Unit Sacramento Apartment Buy
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...
| Trion Properties Collects Over $25 Mil from Sales of Two Sacramento Area Res Properties
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...
| Elk Grove Retail Property Fetches Almost $500/sf
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 regionís to...
| Sacramento Area Res Community Trades for $84k/Unit
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...
| Investor Pays Over $27 Mil for Sacramento-Area Multifamily Complex
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...
| Basin Street Properties Picks Up 290k sf Office Campus in Sacramento
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 ...
| Folsom BIG LOTS Store Getting Lots Bigger
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...
| Capital One Provides $5 Mil Fannie Mae Loan on NoCal Manufactured Housing Community
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...
| Commercial Real Estate Financing Briefs
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...
| Oakmont Properties Pays $271k/Unit for Multifamily Asset in El Dorado Hills
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...
| Oakmont Properties Collects $89 Mil from Sale of Three Sacramento Res Properties
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:...
| Earthsavers Erosion Control Leases 108k sf Sacramento-Area Industrial Space
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...
| Sacramento Res Property Trades for $9.8 Mil
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 ...
| Continental Funding Group Arranges $11.5 Mil on Three Sacramento Assets
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...
| Vestar Closes $28 Mil NoCal Retail Buy
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 ...
| Davis Retail Portfolio Trades for the First Time in 40 Years
Browman Development acquired a five-building retail portfolio totaling 71.4k sf and spread across nearly four blocks in downtown Davis. The fully leased portfolio was sold by Brinley Downtown Properties, who had owed the asse...
| NoCal Industrial Portfolio Sells for $63 Mil
A partnership of Birtcher Anderson Realty and Merced Capital acquired a three-project, 533.7k sf industrial portfolio in Northern California for $63.4 mil, or $119/sf. The assets, located in Concord, Fairfield and Folsom, wer...
| Bascom San Francisco Completes 368-Unit Sacramento Buy
Bascom San Francisco has teamed up with funds managed by Oaktree Capital Management L.P. in the purchase of Stone Creek Apartments, a 368-unit multifamily property in Sacramento. This was the third transaction in three months...