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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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• Local Investor Spends $8 Mil on Trio of DaVita Dialysis Properties in the Dallas Area
4/07/20
A private investor out of Dallas purchased three single-tenant properties occupied by DaVita Dialysis in the Dallas metropolitan area. The portfolio is comprised of DaVita North in Plano, DaVita East in Garland, and DaVita Ce...
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• CRE Veterans Steve Pelluer and Kim Hutchins Join Kidder Mathews in Washington
4/06/20
Steve Pelluer and Kim Hutchins have joined the Bellevue, WA office of Kidder Mathews. The duo, previously with Colliers International, have both been named senior vice presidents and will join the firm’s religious & education...
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• FedEx Freight Facility in Texas Purchased for $25.7 Mil by Exchange Investor
4/06/20
A private investor involved in a 1031 exchange paid $25.7 mil for 7012 FM 3009, a 101k sf ($254/sf) mission critical facility leased to FedEx Frieght in Schertz, TX. It was sold by a California-based private investor.
The fa...
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• San Diego Res Portfolio Refinanced with $58.5 Mil Loan
4/03/20
Real Asymmetry has landed $58.5 mil in refi money on a recently renovated, five-property multi-housing portfolio totaling 328 workforce-oriented housing units in San Diego.
The properties in the portfolio are located in and ...
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