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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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• Evergreen Devco Inc Buys 164k sf AZ Retail Center
7/14/20
Evergreen Devco Inc has purchased Chandler Pavilions, a 163.6k sf, high-traffic, value-add, regional retail center located in Chandler, AZ. The price was not given out.
Situated on 17.97 acres at 800-890 N. 54th St, the cent...
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• Kennedy Wilson and Fairfax Financial Holdings Acquire $63 Mil Loan on CO Res Community
7/13/20
Per a press release put out by Kennedy Wilson, the firm, along with Fairfax Financial Holdings Limited, has acquired a $63 mil loan for a newly constructed multifamily community in the Boulder, CO region. The senior bridge lo...
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• Condor Cold Storage and AEW Capital Management Buy AZ Cold Storage Facility
7/13/20
A joint venture between Condor Cold Storage and AEW Capital Management has purchased a 285k sf cold storage facility in Phoenix. Although we don’t have the actual deal price, we can tell you that the acquisition was financed ...
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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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