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• Kennedy Wilson and Fairfax Financial Holdings Limited Team Up in Venture to Acquire First Mortgage Loans
5/15/20
Kennedy Wilson has formed a $2 bil platform with Fairfax Financial Holdings Limited that will pursue first mortgage loans secured by high-quality real estate in the Western U.S., Ireland and the U.K. In its role as asset mana...
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• Draftsmen & Craftsmen
5/14/20
Menifee Union School District has broken ground on a reconstruction project for Menifee Valley Middle School. The $38 mil, 71.3k sf project, which will help transition the campus to a magnet school focused on visual and perfo...
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• Pico Union Housing Corporation Picks Up 844-Unit Res Portfolio in San Antonio
5/14/20
Pico Union Housing Corporation has acquired a five-property, multi-housing portfolio totaling 844 affordable housing units within the San Antonio, TX market. The assets were sold by Terravista Partners. The price was not disc...
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• 1.6 msf Inland Empire Distribution Facility Available for Lease
5/13/20
We’ve learned that a very large logistics facility in the Inland Empire is available for lease. The property, owned by CenterPoint Properties, is a 1.63 msf facility on over 94 paved acres at 5600 E. Airport Rd, just south of...
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• Venture Global LNG Boosts Presence at Houston High-Rise by Additional 29k sf
5/13/20
Venture Global LNG Inc has extended and expanded its lease by 29.3k sf at 5 Houston Center in downtown Houston. The transaction brings the firm’s total lease at the property to 58.5k sf on two full floors.
Located at 1401 M...
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• Trio of Recent AZ Industrial Sales Account for 60k sf of Space
5/13/20
We’ve got three recent industrial purchases, totaling 60k sf, in the greater Phoenix area to report. The separate deals had different buyers and sellers.
In one of the deals, Crockett’s Honey, a family-owned raw honey manufa...
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• Trammell Crow Company and Clarion Partners Acquire Final Phase Land at The Center at Needham Ranch
5/12/20
Trammell Crow Company (TCC) and Clarion Partners LLC acquired the remaining 137-acre portion of land for The Center at Needham Ranch in Santa Clarita.
development.”
The Center at Needham Ranch is a master-planned, 252-acre ...
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• Los Angeles Better Buildings Challenge Names Its Annual Innovation Awards Winners
5/11/20
Following Mayor Garcetti’s “Safer at Home” Order, the Los Angeles Better Buildings Challenge (LABBC) recently celebrated its 6th Annual Innovation Awards virtually, presenting the city’s most prestigious sustainability prizes...
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• Swinerton Builders Inks Lease for 12k sf at Honolulu Office Tower
5/11/20
Swinerton Builders – one of Hawaii’s largest contractors – agreed to a 91-month lease for 12k sf of space on the fifth floor at Davies Pacific Center, a 23-story office tower located in the heart of the Honolulu business and ...
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• Berkadia Arranges $44 Mil in Financing on Two Res Properties
5/08/20
An unnamed ownership entity hs obtained $44.38 mil in combined financing on two multifamily properties, in California and Texas. The properties are Vineyard Village, located in Rancho Cucamonga, CA, and Wellington Park in Lew...
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• Rexford Industrial Realty Spends $21 Mil on Fully Leased Asset in the City of Commerce
5/08/20
Rexford Industrial Realty Inc has closed on another SoCal industrial buy, paying $21 mil for a 120k sf ($175/sf) facility located at 6687 Flotilla St, east of Garfield Ave and south of Olympic Blvd in the City of Commerce. Th...
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• Pain Management Group Buys San Diego Medical Office Property
5/06/20
In a recent medical office buy, an Orange County-based pain management group paid $6 mil for Richley Medical Plaza, a 25.6k sf ($234/sf) property in San Diego’s Midway District.
Located at 3434 Midway Drive, the two-story bu...
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• San Diego Area Retail Center Trades in Deal Worth Over $13 Mil
5/05/20
Escondido Town & Country, a 70k sf, neighborhood shopping center in Escondido, sold for $13.25 mil, or $189/sf. Located at 1625 to 1665 East Valley Pkwy, east of I-15 and just south of Washington Ave, the asset was acquired b...
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• District Medical Group Renews 56k sf Phoenix Space
5/04/20
District Medical Group’s (DMG) Children’s Rehabilitative Services recently inked a renewal lease for its 56k sf space at Park Central, a rapidly emerging hub for medical education and services in Phoenix’s midtown submarket.
...
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• Walker & Dunlop Structures $2.4 Bil Fannie Mae Facility on 67-Property Res Portfolio
5/01/20
Although out of RENTV’s geographic coverage area, we thought we’d mention Walker & Dunlop Inc closing the largest transaction in company history -- a $2.4 bil Fannie Mae Credit Facility to refinance 67 multifamily properties ...
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• Westcore Buys 66k sf Industrial Facility in Temecula
5/01/20
Westcore acquired a 65.6k sf, industrial warehouse on 10.64 acres in Temecula for $10.8 mil ($165/sf). Currently vacant, the property is located at 27731 Diaz Rd, west of I-15 and north of Rancho California Rd.
The warehouse...
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• William Warren Group Buys Phoenix Self-Storage Asset
4/29/20
Garfield Storage, an 83.7k sf self-storage facility in Phoenix, was purchased by the William Warren Group, a Santa Monica-based self storage owner/operator who will operate the project under its brand name StorQuest Self Stor...
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• Casey Brown Companies Picks Up Two San Diego Office Buildings for $14.5 Mil
4/28/20
Casey Brown Companies spent $14.5 mil on a City Center office property in San Diego that consisted of two of the largest office buildings on El Cajon Blvd along with a four-story, 149-stall parking structure. The assets were ...
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• Inland Empire Industrial Building Gets New Owner in $12.9 Mil Transaction
4/28/20
Dermody Properties recently acquired a 103.4k sf industrial building in Ontario for $12.9 mil, or $125/sf. The building sits on 5.79 acres at 3120 E. Mission Blvd, north of Hwy 60 and west of I-15.
The 3120 Mission Blvd buil...
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• Universe Holdings Obtains $19.7 Mil Cash-Out Money on Seven Res Properties in Inglewood
4/24/20
Universe Holdings has received $19.71 mil in cash-out financing secured by seven of its multifamily communities in Inglewood. Two separate loans allowed Universe to pay off the existing mortgages on the value-add properties a...
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