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• Second Quarter 2020 Comps on Eight Multifamily Sales in San Francisco
7/13/20
Here’s a rundown of eight San Francisco multifamily sales totaling $48 mil that closed in the second quarter of 2020. The deals, all brokered at least in part by Colliers International San Francisco pros James Devincenti, Bra...
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• 4S Bay Partners LLC Pays $35 Mil for 3.27 Acres of Developable Land in Los Angeles
7/10/20
4S Bay Partners LLC, out of Chicago, picked up a 3.27-acre redevelopment site in Los Angeles for $35 mil. The property, located at 3731-3761 W. Stocker St, just west of Crenshaw Blvd, was sold by David J. Shophet of Sharp Cap...
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• 136-Unit Multifamily Asset in Bakersfield Sells for over $11 Mil
7/09/20
A SoCal-based private investor paid $11.07 mil for Village at Lakeside, a 136-unit ($81.4k/unit) affordable community in Bakersfield. Built in 1985, Village at Lakeside is located at 1718 Panama Lane, just east of Hwy 99.
Vi...
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• Jewell Capital LLC Finds a Jewel in $22.5 Mil Bay Area Retail Purchase
7/09/20
Del Norte Marketplace, a fully leased, 64.3k sf pharmacy-anchored shopping center located in the San Francisco Bay Area community of El Cerrito, was acquired by Miami-based Jewell Capital LLC in a recent $22.5 mil deal. The t...
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• The Krausz Companies Spends $13.45 Mil on Single-Tenant Building in San Bernardino
7/08/20
A single-tenant building occupied by the County of San Bernardino in the city of San Bernardino traded hands in a $13.45 mil transaction. The building, located at 265 East 4th St, was purchased by The Krausz Companies Inc, ou...
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• LPC West and an Affiliate of Cerberus Capital Management Buy 30 Acres in Oceanside
7/07/20
A venture between LPC West and an affiliate of Cerberus Capital Management, L.P.has acquired nearly 30 acres in Oceanside, with plans to develop a modern industrial campus. LPC West is the west coast arm of national real est...
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• New AC Hotel by Marriott in Beverly Hills has been Completed
7/02/20
Work has been completed on the AC Hotel by Marriott in Beverly Hills, an 11-story, European-inspired luxury hotel developed by Reliable Properties and Seaview Investors. The two-phase project is being built by R.D. Olson Cons...
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• BioMed Realty Lands $165 Mil in Financing on Emeryville Life Science Building
7/01/20
BioMed Realty has obtained $165 mil in financing for 5300 Chiron Way, a 303.5k sf, Class A life science building in Emeryville. The building is located within BioMed Realty’s campus, known as the Emeryville Center of Innovati...
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• Jason Gallelli, Partner and President at Gallelli Real Estate, Passes Away
6/30/20
Jason Gallelli, Partner and President at Gallelli Real Estate in Roseville, CA, passed away suddenly Sunday morning.
Gary Gallelli, Jr., Partner, CEO, said “It is with a heavy heart that I announce the passing of my brother ...
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• PRP Recapitalizes FedEx Office Headquarters in Texas
6/30/20
PRP has recapitalized the FedEx Office Headquarters, a 263.6k sf, Class A office building located in the Legacy West submarket of Plano, TX. PRP originally acquired the property at 7900 Legacy Drive in November of 2017 for $7...
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• Private Investor Exchanges into Caliber Collision Headquarters in Texas
6/29/20
A 1031 exchange private investor purchased the Caliber Collision Headquarters, a two-story, 80k sf Class A office complex in Lewisville, TX. The price was not disclosed.
Built in 2006 on a 5.8-acre lot and renovated by Calib...
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• MAG Capital Partners LLC Buys 139k sf TX Industrial Portfolio
6/25/20
MAG Capital Partners LLC (MAGCP) has acquired a 139.2k sf industrial portfolio in Haltom City, TX through a long-term, sale-leaseback transaction. A price was not given out.
Located at 5998 Eden Dr, the eight-building, 7.25-...
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• Joint Venture Buys Scottsdale Development Site
6/25/20
An investment joint venture purchased a nearly two-acre site in Scottsdale, AZ primarily for land value. The property, which currently houses a 15k sf retail center, sold for $6.65 mil.
The 1.885-acre property, located at 16...
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• Overton Moore to Install 275 Charger Stations at Spec Bay Area Development
6/24/20
Overton Moore Properties (OMP) has commenced work on Phase II at Pacific Commons South (PCS) has commenced Phase II in Fremont. As part of the development, Overton Moore is undertaking one of the largest individual installati...
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• Rexford Industrial Realty Completes Two SoCal Buys for $14.7 Mil
6/23/20
Rexford Industrial Realty Inc has boosted its industrial portfolio with the recent acquisitions of two SoCal assets in deals totaling $14.7 mil. The firm’s newest properties are located in Yorba Linda and San Diego. The acqu...
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• AZ Industrial Warehouse Traded Between Similar Owner/User Businesses
6/22/20
DS Electronics bought an 18k sf, freestanding industrial warehouse property in Gilbert, AZ for $2.33 mil ($129/sf). The property is located at 130 N. Pasadena St, west of McQueen Rd and north of Elliot Rd.
DS is an owner/use...
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• Alexandria Real Estate Equities Picks Up San Diego Flex/R&D Building for $17 Mil
6/18/20
Alexandria Real Estate Equities bought a 62.4k sf, two-story, flex R&D building in San Diego for $17 mil ($272/sf) in an off-market transaction. The property, located at 9877 Waples St, was sold by LPC West Inc, the West Coas...
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• Douglas Allred Company Secures $73 Mil to Start Work on Spec AZ Office Project
6/17/20
Douglas Allred Company has obtained $73.5 mil in financing for development of a 300k sf, Class A spec office project in Chandler, AZ. The funding consists of a $46 mil construction loan from Bank OZK and $27.5 mil in mezzanin...
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• Nadel Architecture + Planning Introduces Direct-to-Retailer Design studio
6/15/20
Nadel Architecture + Planning has launched a new Direct-to-Retailer design studio. This new division will be led by 20-year industry veteran Ryan Weller, who has joined the firm as its Director of Retail to manage the firm’s ...
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• Nearon Enterprises Picks Up 155k sf Distribution Facility in Tracy, CA
6/11/20
In a NoCal industrial acquisition, Nearon Enterprises purchased Eastgate Business Park, a 155k sf property in Tracy, about 20 miles southwest of Stockton. The price was not disclosed.
Located at 1447 Mariani Ct, the property...
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