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• Flagship Starbucks Property in Mammoth Lakes Sells for Over $1,000/sf
12/17/19
A 4.4k sf, flagship resort location Starbucks with a drive-thru located in Mammoth Lakes, CA sold for $4.725 mil, which works out to a price of $1,065/sf. The buyer was a San Diego-based private investor.
Built in 1984 and r...
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• Almanac Realty Investors to Provide up to $300 Mil of Capital to CIP Real Estate
12/16/19
CIP Real Estate has entered into an agreement with a fund managed by Almanac Realty Investors LLC to provide up to $300 mil of growth capital to CIP to accelerate its investment strategy of acquiring value-add multi-tenant in...
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• Sacramento Area Retail Center Purchased for $11 Mil by SoCal Investors
12/13/19
A 61k sf, triple-net retail property in Carmichael, CA was acquired by Diamond Developers LLC, a SoCal-based group of private investors, in an $11 mil ($180/sf) transaction. The property, Carmichael Center, is located at 7223...
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• Alaskan Investor Buys Single-Tenant TX Industrial Facility
12/13/19
A private investor from Alaska purchased a 60k sf, mission critical, industrial distribution facility located at 4905 Winnebago Lane in Austin, TX. The single-tenant facility is leased to ABC Supply Company, a leading distrib...
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• Single-Tenant Vegas Office Building Trades for $274/sf
12/13/19
A 66.8k sf, single-tenant office building triple net leased to Shift4 in Las Vegas sold for $18.3 mil, or $274/sf. The building, constructed in 1993, was purchased by a private investor and sold by Las Vegas-based Moonwater C...
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• Retail Real Estate Pro John Jay Passes at 72
12/12/19
It is with great sadness we report the passing of John Jay, President and COO of Oakland-based Jay-Phares Corporation (JCP). A regular on the retail panels at RENTV’s Oakland / East Bay conferences, Jay was 72 years old.
Jay...
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• El Segundo Building Leased Up after Creative Office Renovation
12/11/19
Following a year-long construction effort, EverWest Real Estate Investors has completed and fully leased 1925 East Maple. Located immediately southeast of Los Angeles International Airport, the $24 mil adaptive reuse project ...
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• Premier Workspaces Opens New Anaheim Hills Location
12/09/19
Irvine-based Premier Workspaces has opened its newest location in Anaheim Hills. Premier took over management of the shared workspace, located at 155 N. Riverview Dr. Premier is one of the largest privately-owned flexible wor...
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• Seefried Industrial Properties Starts Work on 220k sf Industrial Project in North Houston
12/09/19
Seefried Industrial Properties, as development partner for USAA Real Estate, has broken ground on Ella West Crossing inside Pinto Business Park, a Class A, master-planned industrial park in North Houston.
Located at the nor...
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• Trion Properties Spends $26 Mil on 162 Res Units in the Portland Area
12/06/19
Trion Properties has acquired a portfolio of three multifamily assets totaling 162 units in the Portland area for a total price of $26.05 mil, or $160.8k/unit. The properties include: Aster Parc Townhomes, a 62-unit community...
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• Hampton Inn & Suites Irvine-Orange County Airport Refinanced with $33 Mil Loan
12/05/19
Orange County-based S3 Hotel Group has secured a $33.25 mil refi loan on its Hampton Inn & Suites Irvine-Orange County Airport, a 164-room, limited-service hotel in Irvine. The property is located at 2192 Dupont Dr, less than...
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• CapRock Partners Buys 95k sf Vegas Biz Park from MCA Realty
12/03/19
CapRock Partners LLC acquired Walnut Business Park, a two-building, 94.8k sf multi-tenant industrial business park in north Las Vegas, for $7.85 mil, or $83/sf. The property is located at 3020-3060 N. Walnut, just east of Las...
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• Cannon Commerical Closes on 214k sf Vegas Retail Buy
12/02/19
Cannon Commercial, based in Southern California, has acquired the majority of Westland Fair, a shopping center in West Las Vegas, NV. The purchase, Cannon’s second acquisition in the Las Vegas market in the past 24 months, co...
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• Draftsmen & Craftsmen
11/27/19
Westlake Urban and architectural firm AO have begun the stacking of Westlake’s first modular project, the San Jose Hilton Garden Inn. Located at 101 East Gish Rd, the 150-room project is comprised of 88 modular units built of...
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• Clark County, Nevada Collects $63 Mil from Disposition of 11 Surplus Land Parcels
11/26/19
Clark County, Nevada sold 11 surplus land parcels in recent transactions that totaled $63 mil. The disposition of the parcels will provide Clark County with significant sale proceeds in addition to promoting private developme...
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• FPA Multifamily Pays $33.8 Mil for Thousand Oaks Res Community
11/26/19
Stonepine Apartments, a 108-unit garden-style multifamily property in Thousand Oaks, was acquired by California-based FPA Multifamily, LLC in a $33.8 mil ($313k/unit) transaction.
Built in 1979, Stonepine Apartments is compr...
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• Kite Family Limited Partnership Secures Refi on Inland Empire Retail Center
11/25/19
Kite Family Limited Partnership has refinanced Jurupa Valley Spectrum, a 125k sf retail property in the Inland Empire, with a new loan for $9 mil.
The financing was used to retire the existing debt on the property, improve t...
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• Trion Properties Adds 84-Unit Bay Area Multifamily Asset to Its Apartment Portfolio
11/21/19
Trion Properties has expanded its Bay Area portfolio with the acquisition of The Meadows, an 84-unit multifamily community located in Newark, for $27.5 mil ($327k/unit). The Meadows, located at 35750 Bettencourt St, features ...
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• $20 Mil Renovation Completed at Sorrento Mesa Life Science Campus
11/21/19
BioScience Properties has completed a $20 mil renovation of TEN770, a 183.6k sf, Class A Life Science campus in San Diego’s Sorrento Mesa area. TEN770, located at 10770 Wateridge Circle, was 60% preleased prior to constructio...
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• Continental Realty Group Spends $50 Mil on Two Vegas Area Res Properties
11/20/19
Continental Realty Group, through its subsidiary Continental Realty Assets Ltd (CRA), a Denver-based multi-family operator, has completed the acquisition of 240-unit Laurel Park Apartments and 168-unit Villa Del Rio Apartment...
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