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• Grocery-Anchored Center in Stockton Gets New Owner in $17 Mil Transaction
9/26/19
Stockton Plaza, a 105.3k sf, grocery-anchored retail center in Stockton, sold for $17 mil, or $161/sf. The center is located at 2323 W. Hammer Lane, between I-5 and Thornton Rd.
Anchored by Food Source (Raley’s), Stockton Pl...
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• Trio of Recent Loan Portfolio Sales Total $113 Mil
9/26/19
Three loan portfolios, totaling approximately $113 mil, have been sold in separate dispostions by a leading California-based bank and two global private equity firms. Patrick Arangio, Jack Howard and Kurt Altvater with CBRE’s...
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• Courtyard Portland Clackamas Gets a New Owner
9/26/19
Courtyard Portland Clackamas, a 136-room hotel in the Clackamas, OR, was sold. The price was not disclosed.
Courtyard Portland Clackamas is located at 9300 SE Sunnybrook Blvd, approximately 11 miles southeast of Downtown Por...
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• Rockefeller Group Starts Work on 204k sf Spec Distribution Center in the Inland Empire
9/25/19
Rockefeller Group has broken ground on a 203.9k sf, spec distribution center located on 8.78 acres of industrial land in Moreno Valley. The new building, which follows Rockefeller Group’s recent completion of 2 msf of new in...
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• Walls Tilted at New Medical Office Building in Valencia
9/24/19
In a development update out of North L.A. County, the walls have beent tilted at Tourney Place- Building 6, a 45.7k sf, three-story medical office building in Valencia. This latest addition is part of the larger Tourney Plaza...
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• Construction Started on $43 Mil Mt. San Jacinto College Campus
9/19/19
Construction has begun on Mt. San Jacinto College’s (MSJC) new $43.3 mil, 350k sf Temecula Valley Campus. The general contractor is C.W. Driver Companies.
Consisting of a seismic retrofit and tenant improvement of an existin...
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• San Dimas Office Building Acquired by Taiwan-Based Entity in $20 Mil Deal
9/19/19
An 87.2k sf, suburban office building in San Dimas was acquired by Taiwan-based HCT Logistics Co LTD for $19.9 mil ($228/sf) in cash. The property was sold by 955 Overland Venture LLC, a local real estate investment company.
...
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• San Diego Area Industrial Property Sells for $200/sf
9/18/19
A 46.9k sf, stand-alone industrial building located in San Diego’s Rancho Bernardo neighborhood sold for $9.5 mil, or $203/sf, in an off-market transaction.
The property, located at 12375 World Trade Drive, is a highly funct...
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• Bay Area Exchange Transaction Entailed Multifamily and Office Trades that Totaled $28.6 Mil
9/17/19
We’ve got news of a recent 1031 exchange that consisted of two Bay Area transactions totaling $28.6 mil. The exchange began with the $22.5 mil sale of Woodgate Apartments, a 34-unit multifamily community in Mountain View, and...
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• Investment Venture Gets to Think Here
9/16/19
Think Here, a 161k sf, two-building Life Science/R&D office campus in Thousand Oaks, was acquired by a venture of Singerman Real Estate LLC and HATCHspaces LLC. The price was not disclosed.
The property is comprised of two b...
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• The Bascom Group and Artemis Real Estate Partners Spend $35 Mil on Value-Add Res Opportunity in Fresno
9/13/19
The Bascom Group LLC, in partnership with Artemis Real Estate Partners, has acquired Phoenix Townhomes, a 248-unit condominium-style apartment community in Fresno, for $35 mil, or about $141k/unit. Constructed in 2004, Phoeni...
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• Draftsmen & Craftsmen
9/13/19
A landmark, single-user building in Newport Beach’s Marina Lido Village has been completely redesigned for its occupant, business software company SAP, who will use the new space for its Southern California-based Innovation C...
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• Canadian Buyer Pays $119/sf for AZ Office Property
9/12/19
A Toronto, Canada-based limited partnership paid $2.65 mil for a 22.2k sf ($119/sf), office building in Phoenix’ Camelback Corridor. The building, located at 2901 E. Camelback Rd, was sold by a company formed by Phoenix-based...
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• Owner/User Pays $13 Mil for AZ Warehouse/Manufacturing Facility
9/11/19
Mygrant Glass paid $13.15 mil for a 130.3k sf ($101/sf), warehouse and manufacturing building in Tempe, AZ. Mygrant will take occupancy of the facility, located at 550 W. Southern Ave, later this year.
The property was sold ...
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• Local Developer Buys 26k sf Retail Property in Downtown LA
9/11/19
A 25.8k sf retail property in Downtown Los Angeles was purchased for $10.25 mil ($397/sf) by 4D Development & Investment. The new owner plans to redevelop the property, located at 1201 S. Los Angeles Ave, into a retail, mixed...
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• AZ Industrial Infill Building Sells for $126/sf
9/10/19
A 128k sf industrial infill building in Tempe, AZ that is fully leased by the world’s largest express transportation company traded hands in a transaction priced at $16.2 mil, or $126.50/sf. The buyer was an out-of-state part...
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• Office Property in the Southeastern San Fernando Valley Trades at $347/sf
9/09/19
West Toluca Lake Plaza, a 20.2k sf creative office building in the southeastern San Fernando Valley community of Toluca Lake, was purchased by a private investor for $7 mil, or $347 per square foot, in an off-market transacti...
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• Hollywood Storefront Property Trades for $669/sf
9/06/19
A 12.1k sf, multi-tenant retail storefront property in Hollywood has sold for $8.1 mil, or $669/sf. Located at 7611 to 7623 Sunset Blvd, the two-building asset is situated on slightly more than a one-half-acre parcel of land ...
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• Dollinger Properties Spends $16 Mil on Two San Diego-Area Office Buildings
9/05/19
Two single-tenant office buildings totaling 60.1k sf of space in San Diego sold for $16 mil ($266/sf). The buildings, located at 8965 Balboa Ave and 3255 Camino Del Rio South, were purchased by Dollinger Properties as part of...
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• Carlos A.G. Vigon Teams Up with Tavaco Capital Management to Create New Investment Firm
9/03/19
Los Angeles commercial real estate executive Carlos A.G. Vigon, a former Senior Vice President with CBRE, has launched an investment firm focused on opportunistic real estate debt and equity investments in the United States. ...
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