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• Local Investor Spends $26.8 Mil on Bay Area Multifamily Asset
5/29/20
The Lakes, a 102-unit value-add multifamily community in the Bay Area city of Concord, was acquired by an Atherton-based family investment group in a $26.8 mil transaction, which works out to around $263k/unit.
Originally c...
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• Legacy Homes Lands $86 Mil Refi on NoCal Res Community
5/29/20
Legacy Homes has obtained an $86.2 mil Freddie Mac refi loan on Aspire Apartments, a 348-unit apartment community in Tracy, a NoCal city roughly 20 miles southwest of Stockton. Aspire Apartments is located at 2725 Pavilion Pk...
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• Creative Office Property in Scottsdale Airpark Trades in $8.5 Mil Deal
5/27/20
A 39.5k sf creative office property and airplane hangar in the Scottsdale Airpark sold for $8.53 mil ($216/sf). The asset, located at 7350 E. Evans Rd, was acquired by Los Angeles-based Route 66 Properties LLC as part of a 10...
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• Community Preservation Partners and The Hampstead Companies Undertake $26 Mil Affordable Housing Rehabilitation Project in Montana
5/26/20
Community Preservation Partners (CPP), in a partnership with The Hampstead Companies, has acquired its first property in Montana – the Ponderosa Acres Apartments located in Billings. The purchase is the first step in a rehabi...
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• Westcore Closes $40 Mil Oakland Buy
5/25/20
Westcore acquired a 155k sf, Class A industrial warehouse in Oakland for $40.5 mil ($261/sf). The property is located at 8380 Pardee Dr, between Doolittle Dr and I-880.
Constructed in 2012, the distribution facility is full...
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• OC Private School Campus Trades for $22.75 Mil
5/21/20
Fairmont Private Schools, an Orange County-based private institution, acquired a private school campus in San Juan Capistrano in a $22.75 mil transaction. The property was sold by Saddleback Valley Christian.
Located at 2633...
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• Escondido Dev Site Trades Hands
5/19/20
The Ivy, a one-acre site in downtown Escondido that has already been entitled for a proposed multifamily development, has traded hands. The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- a...
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• Monterey County Farm Property Trades for $3 Mil
5/18/20
Rowe Ranch, an approximately 50-acre farm property located in the Pajaro Valley farming region of Monterey County, in California’s Central Coast, was acquired by The Lukrich Trust for $3 mil. The buyer is a local family whic...
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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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