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• Unique Res Site in Pacific Palisades Entitled for Eight Custom Homes Sells for $8.25 Mil
8/11/20
In a unique, residential property sale on the westside of Los Angeles, a 1.5-acre, estate homesite in Pacific Palisades that had been fully entitled for the development of up to eight custom, high-end homes sold for $8.25 mil...
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• Steve DeGennaro Appointed Chief Financial Officer at Marcus & Millichap
8/10/20
Steve DeGennaro has been appointed as Chief Financial Officer at real estate investment services firm Marcus & Millichap, effective August 17, 2020. DeGennaro will succeed Marty Louie, Chief Financial Officer since 2010. Lou...
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• Trammell Crow Company Acquires 24 Acres in NoCal for Industrial Development
8/07/20
Trammell Crow Company (TCC) has acquired a fully entitled 24-acre site in Morgan Hill, CA, on which the firm is planning to develop up to 440k sf of light industrial space across five Class A buildings. The currently undevelo...
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• Transwestern Real Estate Services Awarded Leasing Duties for Two Houston Office Buildings
8/04/20
Sidra Real Estate Inc has awarded the office leasing assignment for two buildings in Houston’s Riverway submarket to Transwestern Real Estate Services. The buildings are 2 Riverway, a 369.5k sf office building, and 4900 Woodw...
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• Alta Housing Starts Work on Affordable Res Community in Mountain View
8/04/20
Alta Housing has just broken ground on a 100% affordable residential rental community at 950 W. El Camino Real in Mountain View. The new 71-unit residential development will provide independent living for a mix of single- and...
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• Investors Trade Three Bay Area Multifamily Properties in Deals Totaling $34.3 Mil
8/03/20
Three Bay Area multifamily properties that were part of a six-property portfolio were acquired by one buyer in separate deals totaling $34.32 mil. The properties are in Sunnyvale, Los Gatos and San Jose.
The three properties...
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• Work Started on New $48 Mil Facility at Long Beach City College
8/03/20
Construction has been commenced on a 96k sf, multi-disciplinary facility for Long Beach City College. The $48.2 mil, three-story facility is being built by C.W. Driver Companies and was designed by HPI Architecture.
The pro...
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• Westcore Buys 155k sf Warehouse/Cold Storage Facility in Oakland
7/31/20
San Diego-based Westcore has purchased a 155k sf warehouse and cold storage facility in Oakland. The acquisition was made with a $15 mil loan arranged by CBRE Capital Markets’ Debt & Structured Finance team.
Located at 8380 ...
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• Charitable Foundation Spends $10.5 Mil on Flex Building in Phoenix
7/29/20
A 101.9k sf, flex building located in Southbank Business Park in Phoenix was acquired by a private charitable foundation in a recent $10.55 mil ($103.50/sf) transaction. At time of sale, two fortune 500 companies occupy nearl...
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• Jay Group Takes 127k sf of Warehouse Space in Reno
7/27/20
Jay Group, a leading order fulfillment and logistics company headquartered in Lancaster, PA, inked a lease for 126.9k sf of industrial/warehouse space in Reno, NV. The facility is located at 1381 Capital Blvd, just west of Mc...
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• Badiee Development’s Latest Flex/Industrial Building is 70% Leased
7/27/20
Badiee Development recently completed construction of Carlsbad Innovate, a 50.2k sf, adaptive flex industrial building located at 2810 Caribou Court, Carlsbad, CA in the Carlsbad Oaks North Business Park. Since completion, th...
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• Captiva Partners / Avalon Investment Company Venture Buys 189k sf Creative Campus in L.A.
7/24/20
A 189k sf creative office and industrial campus in Los Angeles was acquired by a joint venture between Captiva Partners, Avalon Investment Company and a private investor. The price was not disclosed.
Located at 4561 Colorado...
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• Residential Development Site in Westchester Sells for $105/sf
7/22/20
An 85.8k sf development site in Westchester sold for $9 mil, or $105/sf. The property, zoned LAR2-1, is located at 8333 Airport Blvd, north of Manchester Ave and west of the 405 Fwy.
The property is centrally located, minute...
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• Communication Test Design Inc Signs Lease for 185k sf of Industrial Space in Texas
7/20/20
Communication Test Design Inc (CTDI) has agreed to a lease for 185.3k sf of industrial space in Flower Mound, TX. CTDI is a global, full-service engineering, repair and logistics company in the communications industry. Terms ...
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• Safe Harbor Exchange Acquires 41k sf AZ Industrial/Flex Property
7/16/20
OC-based Safe Harbor Exchange Inc paid $8.4 mil for a freestanding, 40.7k sf industrial/flex building in Phoenix, AZ, as the upleg of a 1031 Exchange. The single-tenant facility is fully leased to one of the largest cable pro...
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• Advanced Real Estate Services Spends $26 Mil on 120-Unit Res Asset in Riverside
7/16/20
Advanced Real Estate Services Inc (ARES) has been busy during the past four months, having acquired a new multifamily asset while also completing refi loans on five others along with forming a new investment fund.
In Riversi...
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• NewMark Merrill Companies’ Allen Ginsborg has Passed Away
7/15/20
Allen Ginsborg, Chairman and Cofounder of NewMark Merrill Mountain States Division, has passed away at the age of 59. Allen is survived by his wife Jeanne, sons Josh, Jake, Joey and daughter, Jackie.
In April 2008, Ginsborg ...
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• MAG Capital Partners LLC Buys Central Valley Manufacturing Facility
7/15/20
MAG Capital Partners LLC has completed the acquisition and 20-year leaseback of a 28.5k sf baby food manufacturing facility in California’s Central Valley. The fully-leased property was sold by Initiative Foods, the largest p...
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• Portfolio of 16 Chase Bank Properties in California Listed for $63.8 Mil
7/14/20
MetLife Investment Management (MIM) has awarded the marketing assignment for a portfolio of 16 current and former Chase Bank retail properties throughout California to a team from CBRE. The portfolio has a total asking price ...
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• Texas’ Tallest Tower Gets New 250k sf Tenant
7/14/20
An unnamed financial services firm has agreed to a lease for 250k sf at Houston’s tallest office high-rise, located at 600 Travis St. Terms of the lease were also not disclosed.
The building, formerly known as JPMorgan Chase...
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