| Cityview’s Portico Res Development in Oakland Expected to be Completed this Month
Cityview’s 378-unit opportunity zone res project in Oakland is slated for completion in December 2023. The development, named Portico, is an upscale waterfront community located at 37 8th Ave in Brooklyn Basin’s master-planne...
| Prologis’ Buildings Currently Generate 500 Megawatts of Solar Energy
Rooftop solar and storage installations on Prologis Inc's buildings can now generate 500 megawatts (MW) of energy – a significant milestone that puts the company halfway to its one gigawatt (GW) of solar supported by storage ...
| Hanley Investment Group Raises Over $33k for Movember
Hanley Investment Group Real Estate Advisors raised $33,639 for Movember in the month of November. This marks the 13th consecutive year that Hanley Investment Group has joined the global movement to raise awareness and critic...
| NewMark Merrill Companies Buys 172k sf Retail Center in Thousand Oaks
NewMark Merrill Companies has acquired a 172k sf retail center located at 145 W. Hillcrest Drive in Thousand Oaks. The asset, renamed the Collection at Janss Marketplace, was sold by Seritage Retail Group.
The center is adj...
| NoCal Res Development Lands $51 Mil in Construction Take-Out Financing
JLL Capital Markets has arranged $51 mil in construction takeout financing for Mossdale Landing Apartments, a recently completed, Class A, 204-unit, garden-style apartment community located in Lathrop, CA.
Completed in summe...
| Montana Investment Entity Spends $10.5 Mil on AZ Corp HQ Building
Sewell Trust, a private investor based in Montana, acquired a 50.1k sf single-tenant Class A corporate headquarters building in Prescott, AZ in a $10.5 mil sale/leaseback deal. Built in 2021, the two-story facility was origin...
| Stos Partners Buys Phoenix Industrial Asset for $9 Mil
Stos Partners has acquired a 49.5k sf industrial complex in Phoenix for $9 mil ($182/sf). The property, which sits on 3.32 acres at 620 N. 43rd Ave, was sold by Auto Body Parts LLC. The company plans to implement a capital im...
| Commercial Real Estate Financing Briefs
CBRE CAPITAL MARKETS - Shaun Moothart, Bruce Francis, Bob Ybarra, Doug Birrell, Nick Santangelo and Jim Korinek with the CBRE Capital Markets Debt and Structured Finance team secured $15 mil in permanent financing for a shado...
| Cypress West Partners Finishes Work on AZ Medical Office Building
Cypress West Partners has completed construction on Ocotillo Medical Collaborative, a new 22k sf medical office building in the fast-growing community of Queen Creek, AZ.
The building is 100% leased to five tenants includin...
| Bridge Logistics Properties Picks Up 84k sf East Bay Logistics Facility
Bridge Logistics Properties recently acquired an 84.5k sf warehouse property in the East Bay city of Newark. The property is located at 37580 Filbert St, west of I-880, roughly midway between San Jose and Oakland.
| Central CA Industrial Facility Refinanced with Loan for $42 Mil
A joint venture of Phelan Development and LaSalle Investment Management has refinanced a 610k sf industrial building in Lathrop with a new senior loan for $42 mil, provided by PCCP LLC. The facility sits on 26.3 acres at 1875...
| Henderson, NV Building Gets New Owner in $13 Mil Sale/Leaseback Deal
A CA-based, private 1031 exchange investor acquired a single-tenant, 33.8k sf building in Henderson, NV for $13.065 mil in a sale-leaseback deal. Built in 2001, the property is located at 160 N. Stephanie St.
The building is...
| Nevada Industrial Asset Traded in $9.5 Mil
Apenzell Investments LLC paid $9.58 mil for a three-tenant, 56k sf ($171/sf) industrial building in Henderson, NV. Located at 975 American Pacific Drive, the two-story property is positioned in a high-growth market and in the...
| Steinhauer Properties Acquires Long Beach Site for Planned Hard Rock Hotel
Steinhauer Properties has secured $8.75 mil of early phase financing covering the land acquisition for a new 31-story Hard Rock Hotel planned to rise at 100 E. Ocean Blvd, along the waterfront in Long Beach.
The new hotel i...
| Premier Workspaces Looks to Acquire Locations as WeWork Exits Leases Amid Bankruptcy
Flexible office space provider Premier Workspaces is actively exploring opportunities to acquire select coworking locations from landlords where WeWork is looking to exit leases due to the company's ongoing bankruptcy proceed...
| Sonoma County Hotel Project to Move Forward Thanks to $62 Mil in C-PACE Funding
GreenRock Capital and Petros PACE Finance have secured $62.6 mil in Commercial Property Assessed Clean Energy (C-PACE) financing for the construction of the Appellation Healdsburg hotel project in Healdsburg, CA. The project ...
| Luxury Amenity Space Slated to Open September 2024 at San Francisco Office Tower
The Cove, a luxury amenity space that boasts premium hospitality services for tenants and members alike, is slated to open in September 2024 on the 7th floor at 525 Market Street in San Francisco. The Cove will be a fully-sta...
| Multi-Tenant AZ Office Asset Traded in $26.5 Mil Deal
Scottsdale Northsight, a 138.7k sf, Class A multi-tenant office building in Scottsdale, AZ, was acquired by PREG Scottsdale LLC in a $26.5 mil ($191/sf) transaction. Located at 14350 North 87th St, the three-story building is...
| L.A. Medical Center Wins Multi-Million Dollar Tax Dispute with LA County Assessor
A Los Angeles County hospital, committed to serving the city's homeless and disadvantaged communities, has won a significant multi-million dollar tax dispute with the LA County Assessor's office.
In 2019, LA Downtown Medi...
| New 222-Unit Res Development in Livermore Opens to the Public
Legacy at Livermore, a new 222-residence mixed-use community developed by Legacy Partners in the NoCal city of Livermore, has opened to the public. Designed by BDE Architects of San Francisco, the community is located at 57 S...