| HighBridge Properties to Develop Student Housing Project on Five acres Near UC Davis
HighBridge Properties has acquired a five-acre infill site in the NoCal town of Davis, which it intends to develop as rental housing for students at the nearby University of California, Davis. The underutilized site, which co...
| Newmark Realty Capital Arranges $65 Mil on Sacramento Office Asset
Newmark Realty Capital Inc has arranged $65 mil in permanent financing for a 284k sf, single-tenant office complex located in Sacramento. The recently renovated property is leased to the State of California and serves as the ...
| Mission Capital Advisors Arranges $13 Mil on 127-Acre Industrial Asset in Sacramento
Mission Capital Advisors has arranged a $13 mil floating-rate loan from a private specialty finance lender, secured by Capital Commerce Center, a multi-faceted, 127-acre, primarily industrial property in Sacramento. The prope...
| Capital One Provides Fannie Mae Loan on NoCal Manufactured Home Community
Capital One provided a $7.7 mil Fannie Mae fixed-rate loan to refinance Casa de Flores, a 309-space manufactured home community (MHC) in Chico, in CA’s northern Sacramento Valley.
Casa de Flores is a well-maintained communi...
| DST Customer Communications Collects $129 Mil from Sale/Leaseback of Its 1.4 msf Portfolio
DST Customer Communications recently completed a complex sale-leaseback transaction valued at $129 mil. The 1.4 msf portfolio contains modern light-manufacturing warehouse space, distribution and office space. It consists of ...
| Meridian Closes Out Active 2015 with $5 Mil Sale of Fairfield Dialysis Clinic
An 8.7k sf, dialysis clinic in Fairfield, CA was purchased for $5.15 mil ($592/sf) in a recent acquisition by a private investor in a 1031 exchange. The transaction came in at a cap rate of 5.5%. The property was sold by Meri...
| Sacramento Multifamily Listing Consists of 1,108 Units in Four Properties
Here’s news of a major multifamily investment opportunity in Northern California. Oakmont Properties is offering a four-property, 1,108-unit portfolio in the Sacramento area. The listing is said to be the largest multifamily ...
| Kidder Mathews Opens New Roseville, CA Office
Commercial real estate firm Kidder Mathews recently opened its 12th location on the West Coast in Roseville, CA, to serve the greater Sacramento area. The firm has hired 10 brokers plus marketing support staff who are all exp...
| Sacramento Warehouse Property Acquired with $2.85 Mil Purchase Loan
Bixby Northwest LLC has received $2.85 mil in acquisition financing for the purchase of Pell Drive, a 108k sf, Class A industrial warehouse located at 4291 Pell Drive in Sacramento. The property is situated north of northgat...
| Landmark Hotel in Sacramento Acquired by SoCal Equity Firm
Meridian Capital Group arranged $44.5 mil in acquisition financing for the purchase of The Citizen Hotel, a 196-room hotel property in Sacramento. The borrower was a SoCal-based private equity firm.
The Citizen Hotel, a land...
| Roseville Office Campus Recapitalized with New $41 Mil Loan
Broe Real Estate Group has obtained a new $41.2 mil senior loan in an off-market recapitalization of Parkway Corporate Plaza in Roseville, about 20 miles northeast of Sacramento. The financing was provided by PCCP LLC.
| Auction.com Facilitates $285 Mil in Sales for July 2015
Auction.com had closings on 70 commercial assets with a combined sales price of $285 mil during the month of July. The transactions included the sale of the high-profile Fisher & Kahn Buildings, a 776.5k sf historic office hi...
| Newmark Realty Capital Arranges Refi Loan on Sacramento Retail Center
Newmark Realty Capital Inc has arranged $3.3 mil in refi money for Arden Plaza, a 13.2k sf, multi-tenant retail property in Sacramento. Mitch Zeemont, Principal in Newmark’s San Francisco office, assisted by Production Associ...
| NewMark Merrill Companies Acquires Retail Investment in Sacramento
NewMark Merrill Companies has acquired the Food Source and Shops section of the Valley Mack Plaza in Sacramento. Situated on 4.64 acres of land at 6366 Mack Rd, just west of Hwy 99 in South Sacramento, the property contains 6...
| City of Sacramento to Sell 63 Parcels
The City of Sacramento has selected DTZ to list for sale up to 63 individual parcels comprised of 20 separate projects in five different neighborhoods: Downtown, Oak Park, North Sacramento, Del Paso Heights and Army Depot. Th...
| BH Properties Pays $39 Mil for 1.8 msf Industrial Portfolio in Sacramento, CA and Fort Worth, TX
LA-based BH Properties just acquired an industrial portfolio from RS Legacy Corporation, a Delaware corporation formerly known as RadioShack Corporation, for $39.2 mil. The 1.8 msf portfolio sale is the latest in the retailer...
| Intercare Holdings Renews 31k sf of Space at Sacramento Area Office Park
Intercare Holdings Inc agreed to renewal leases for 31k sf of space they occupy at Rocklin Corporate Center, a two-building, 220k sf Class A office property located on West Oakes Blvd in Rocklin. The property, located about 2...
| 315-Acre Campus Site Outside of Sacramento Listed for Sale
Bitney Springs Center, a 315-acre site located near the communities of Grass Valley and Nevada City in the Sierra Nevada foothills outside of Sacramento, has been put on the market. The property is the former site of the Gras...
| 775-Acre CA Gold Country Winery to Be Auctioned Off in Two Parcels
The award-winning Chatom Winery and Vineyards will be sold through auction on June 26th, 2015. The 775-acre property is located at 1969 Highway 4 in Douglas Flat, about 60 miles east of Stockton in the heart of California’s “...
| Real Estate Firms Ink Leases at Folsom Biz Campus
The latest activity at Iron Point Business Park, a 212k sf office park in the Nocal city of Folsom, consists of three lease renewals and one new lease for a total of just over 20k sf of space. The campus, comprised of five bu...