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June 22, 2024
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• US Storage Centers Buys 649-Unit Self-Storage Facility in Bakersfield
11/04/19
US Storage Centers has acquired a 649-unit, 118.6k sf self-storage facility in Bakersfield. The property is located at 3813 Mesa Grande St, adjacent to the California State Route 99 Fwy. The facility features climate-control...
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• Work Finished on Marina del Rey Live/Work Campus
11/01/19
Work has been completed on INclave, a dynamic live-work-play campus in the Marina Arts District of Marina del Rey. Located at 4061-4065 Glencoe Ave, INclave comprises 65k sf of tech savvy, amenity- rich creative office space...
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• Historic Office Building in Downtown L.A. Hits the Market
11/01/19
Farmers & Merchants Bank, a historic, 16.4k sf creative office property in downtown Los Angeles, has been listed for sale. The property, located at 401 S. Main St, at the corner with Fourth in the historic core of the Downtow...
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• Greystone Provides $33.7 Mil Refi Loan on Long Beach Area Mobile Home Community
10/31/19
Greystone has provided a $33.7 mil Freddie Mac refi loan on Belmont Shores Mobile Estates, a 347-unit age-restricted manufactured housing and mobile home community in Long Beach. Located within the beach community in Californ...
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• Construction Breaks Ground on First Buildings at SkyBridge Arizona
10/30/19
SkyBridge Arizona and Graycor Construction Company have broken ground on the first two buildings at SkyBridge Arizona. The major master-planned development will serve as the nation’s first-ever joint U.S. and Mexico inland po...
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• MJW Property Group Closes $90 Inland Empire Res Buy
10/29/19
In a recent Inland Empire multifamily buy, MJW Property Group purchased The Enclave at Menifee, a 336-unit res property in Menifee, in a deal said to be worth just over $90 mil ($268k/unit). Built in 2007, the property is loc...
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• Sacramento-Area Office Property Sells for $23.7 Mil
10/29/19
Iron Point LLC has purchased Natoma Station Corporate Center, a Class A, 102.8k sf multi-tenant office property in Folsom, about 20 miles east of Sacramento, for $23.7 mil, or $230/sf. Iron Point plans to occupy a portion of ...
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• Trion Properties and The Ketter Group Acquire Dev Site in L.A.’s Mid-Wilshire
10/28/19
Trion Properties and joint venture partner The Ketter Group have acquired a land parcel in L.A.’s Mid-Wilshire area for $7.35 mil. The land, which was previously entitled for 45 units, will be used for residential development...
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• Nexus Properties Refinances WA Life Science Complex
10/25/19
Nexus Properties Inc has secured $19.92 mil in refi money for Nexus Canyon Park Research Center, a 152k sf Life Science/Flex/R&D building in the suburban Seattle community of Bothell, WA. Nexus Canyon Park Research Center i...
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• 196-Acre Land Buy Enables AZ Industrial Development to Support Up to 4.5 msf of Construction
10/24/19
A 196-acre land purchase made by a joint venture between Lincoln Property Company (LPC), Ken Roth/Roth Development Corporation and Scottsdale Investment Management LLC has expanded LPC’s just-announced Park303 industrial proj...
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• Passco Companies Purchases 313-Unit Texas Res Property
10/24/19
Passco Companies has acquired Lakeview Villas, a 313-unit luxury community located at 2090 Sundance Pkwy in New Braunfels, TX, which has been recognized as the second fastest-growing city in the nation for the past two years,...
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• Olen Properties Recapitalizes Multi-State Res Portfolio with $567 Mil in Financing
10/24/19
Newport Beach-based Olen Properties has obtained $567 mil in funding for the recapitalization of a portfolio of multifamily properties located in Florida, Georgia and Nevada. Don Curtis, Hunter Curtis and Taylor Curtis with G...
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• Score One for Chase Center
10/23/19
By Brian Libby This year, the NBA’s Golden State Warriors are playing their first season in San Francisco after departing their longtime home, Oracle Arena in Oakland, for the new Chase Center. Part of a $1.4 bil developmen...
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• Sares Regis Group of Northern California Acquires Land for South San Francisco Multifamily Development
10/23/19
San Mateo-based Sares Regis Group of Northern California (SRGNC) has closed escrow on five parcels of land in South San Francisco adjacent to the new Cadence luxury apartment community for an upcoming second phase of the proj...
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• Transwestern Lands Leasing Assignment for New Building at Phoenix Biomedical Campus
10/22/19
Wexford Science & Technology LLC has awarded the leasing assignment for the new Wexford Innovation Center in Phoenix to Transwestern Commercial Services (TCS). The Class A, 227.1k sf property, located at 850 N. Fifth St, serv...
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• Eldridge Investments Leads $300 Mil Equity Investment in Kennedy Wilson
10/21/19
Eldridge Industries has led a $300 mil strategic investment in Beverly Hills-based real estate firm Kennedy Wilson. Kennedy Wilson expects to use the proceeds to pay down unsecured debt, including repaying its unsecured bank ...
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• Crowne Pointe Equity Picks Up OC Office Asset for $17 Mil
10/17/19
Crowne Pointe Equity acquired a 45.2k sf office building in Brea for $17 mil, or $376/sf. The two-story, newly renovated office property is located at 130 S. State College Blvd in North Orange County. The campus features on...
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• BKM Capital Partners Spends $14.75 Mil on Denver Distribution Complex
10/15/19
BKM Capital Partners has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150.2k sf in the Central East I-70/Montbello submarket of...
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• Mitchell Company Closes $29 Mil OC Industrial Buy
10/15/19
In a recent OC industrial buy, Mitchell Company paid $28.9 mil for a fully occupied, single-tenant light industrial/R&D building in Tustin. The 117.8k sf ($245/sf) facility, located at 2441 Michelle Dr, is leased to Canon Med...
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• AMC Theatres’ 14-Screen Multiplex in South San Diego County Sells for $32 Mil
10/14/19
The AMC Theatres’ 14-screen multiplex at Palm Promenade, a popular movie and entertainment mecca located adjacent to one of the largest regional retail centers in south San Diego County, has sold for $32.3 mil. The buyer was ...
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