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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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• Conor Commercial Real Estate Breaks Ground on Dallas Industrial Project
4/22/20
Conor Commercial Real Estate has broken ground on, a Class A industrial development located in the heart of the Dallas metroplex. The project will consist of two buildings totaling 198k sf of space.
Skyline Commerce Center i...
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• Private Investor Buys 27k sf of Properties along Westwood Blvd in Los Angeles
4/21/20
An unnamed private investor has purchased three parcels in West Los Angeles totaling roughly 27k sf. The properties are located at 2107-2121 Westwood Blvd, east of the 405 Fwy and a few blocks north of Olympic Blvd. They incl...
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• Mixed-Use Development in Utah Lands $19.3 Mil in Financing
4/17/20
Lincoln Station, a 76-unit mixed-use community to be built in the Kimball Junction area of Park City, UT, is closer to development after having just obtained in $19.3 mil in construction and permanent financing. The borrower ...
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• KAL Freight Inc Takes 50k sf of Logistics Space in Arlington, TX
4/16/20
KAL Freight Inc, a commercial freight management logistics company, has signed a lease for 49.9k sf of industrial space in Arlington, TX. The space brings the 543.4k sf facility, located at 600 109th St, to over 90% leased.
...
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• BLT Enterprise Spends $20 Mil on Two L.A.Commercial Properties
4/14/20
BLT Enterprises has acquired two properties in Hollywood for a total price of $20 mil. The acquisitions include a creative office project at 5735 Melrose Ave, and an 18k sf production and entertainment office compound at 615...
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• Rexford Industrial Realty Spends $15.5 Mil on Azusa Industrial Asset
4/13/20
Rexford Industrial Realty Inc purchased a 71.7k sf industrial property in the San Gabriel Valley for $15.5 mil. The asset was acquired through a sale-lease-back, off-market transaction underwritten on a land value basis that ...
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• Investor Completes Exchange with Two Bay Area Res Deals Totaling over $14 Mil
4/13/20
A private investor recently completed both legs of a 1031 exchange through two multifamily transactions in the Bay Area with a combined value of $14.18 mil. The transactions consisted of the sale of Leigh Court, an 18-unit mu...
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• Universe Holdings Spends $25 Mil on 122 Res Units in the San Fernando Valley
4/10/20
Universe Holdings has acquired a 122-unit multifamily portfolio in the northern San Fernando Valley community of Granada Hills for $25.5 mil, or $209k/unit. The acquisition increases Universe’s portfolio in the San Fernando V...
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