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• Eisenberg Company Acquires 33 Acres for Two AZ Industrial Projects
5/15/19
Phoenix-based Eisenberg Company has two new industrial projects slated for completion in the fourth quarter of 2019. The projects, Avondale 107th and Washington 83, are set to start construction this quarter and will total a ...
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• Recently Renovated Seattle Hotel Refinanced with $21 Mil Loan
5/15/19
Sonnenblick-Eichner Company has arranged $21 mil of non-recourse first mortgage leasehold financing, on behalf of a partnership between Los Angeles-based Lighthouse Investments LLC and KCB Management, for the 96-room Palihote...
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• Corona Retail Property Changes Hands in $11 Mil Deal
5/14/19
Orange County-based PRES Companies paid $11 mil for Corona Freeway Center, a 67.7k sf ($162/sf) retail property in Corona, in an all-cash deal. The well-established multi-tenant center is located at 2410 Wardlow Rd, directly ...
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• NoCal Outpatient Clinic Sells for $700/sf
5/13/19
A NoCal firm involved in a 1031 exchange paid $7 mil for a 9.9k sf ($707/sf), outpatient clinic in Castro Valley, CA. The property was sold by Meridian in a deal that closed at a cap rate of 5.0%.
The outpatient clinic is l...
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• AT&T Marketing Portfolio of 33 Industrial Sites in CA and TX
5/10/19
AT&T has awarded CBRE Capital Markets with the listing for a portfolio of 33 industrial sites that are poised for redevelopment or value-add repositioning in the largest markets of California and Texas.
The sites have been ...
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• CapPlus Technologies Buys 20k sf Industrial Facility in Phoenix
5/09/19
CapPlus Technologies has purchased a 20.6k sf, state-of-the-art manufacturing and distribution facility in Phoenix for $2.93 mil, or $142/sf. CapPlus provides innovative production and packaging solutions for softgel caps, ca...
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• Net-Leased, Single-Tenant Industrial Facility in Texas Fetches $154/sf
5/08/19
A 27.2k sf, industrial building in Brookshire, TX sold for $4.2 mil, or $154/sf. The single-tenant property, located at 502 FM Highway 359 Road South, is fully occupied by H&E Equipment Services on a net lease with more than ...
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• CPP Completes $35.6 Mil Rehabilitation of 140-unit Affordable Housing Community in Antelope
5/07/19
Community Preservation Partners (CPP) has completed a major renovation at Danbury Park Apartments, a 140-unit affordable housing community in Antelope, CA. The total $35.6 mil project includes an $18.5 mil purchase and nearly...
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• Parallel Capital Partners to Handle Asset Management for 1 msf Honolulu Portfolio
5/07/19
San Diego-based Parallel Capital Partners Inc has taken over asset management of a $300 mil portfolio of commercial and retail properties in downtown Honolulu. As part of the deal, Parallel will oversee day-to-day management ...
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• Seefried Industrial Properties and Crow Holdings Capital Real Estate Buy 40 Acres in AZ for Development
5/06/19
Seefried Industrial Properties and Crow Holdings Capital Real Estate recently acquired 40 acres of land in Avondale, AZ. The site will be used for the development of 101 Logistics Park, a new two-building, Class A industrial ...
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• WestRock Corporation Leases 75k sf at Hogum Bay Logistics Center in Lacey, WA
5/03/19
WestRock Corporation inked a lease for 74.5k sf of space at Hogum Bay Logistics Center (HBLC), a 1.1 msf, three-building logistics campus in Lacey, WA. The complex, located at 8000 Hogum Bay Road NE, is being developed by IDS...
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• Office Building in San Francisco’s SoMa District Acquired by Chilean-based Stars Investments in a Venture with The Swig Company
5/02/19
A 42k sf office building located in the SoMa submarket of San Francisco was acquired by Chilean-based Stars Investments in partnership with San Francisco-based The Swig Company. The building, situated on a 50k sf lot at 945 B...
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• Equity Residential Looking to Add 200+ Units to Its Reserve at Mountain View Apartments
5/01/19
Equity Residential has submitted plans to the City of Mountain View to add 200+ apartments to its Reserve at Mountain View Apartments, located at 870 E. El Camino Real in the City of Mountain View. The proposal includes the a...
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• Residential Tower Project in Austin, TX Lands $88 Mil in Construction Funding
4/30/19
Austin-based Pearlstone Partners and Miami-based Newgard Development have secured an $87.9 mil loan for construction of 48 East Avenue, a 249-unit, 30-story condominium project being developed in Austin’s Rainey District. The...
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• Stanton Road Capital Buys 210k sf TX Office Building
4/29/19
In a TX office buy, Stanton Road Capital LLC acquired Campbell Glen II, a 210k sf, Class A building in the Richardson submarket of Dallas. The building is located at 1125 E. Campbell Road.
Currently vacant, and formerly leas...
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• San Mateo Retail Property Trades for $31.5 Mil
4/26/19
Borel Square Shopping Center, a 96.7k sf neighborhood shopping center in San Mateo, sold for $31.5 mil ($326/sf). The single-story retail property is anchored by CVS and 24 Hour Fitness and is 97.6% percent leased overall.
...
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• Premier Business Centers Rebrands to Premier Workspaces
4/25/19
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
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• Two Central CA Smart & Final Stores Fetch $14.8 Mil
4/24/19
Two Smart & Final grocery stores in Central California have sold to a private investor as corporate leasebacks for a combined price of $14.8 mil. The assets were sold by Smart & Final, a Los-Angeles based grocery chain with m...
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• TX Office High-Rise Project Receives Platinum Pre-Certification
4/23/19
Texas Tower, a 47-story, 1 msf office development in Houston, has received Platinum pre-certification under the U.S. Green Building Council’s LEED® v4 for Core & Shell (CS) Rating System. The project is a development of Hines...
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• Conor Commercial Real Estate and Globe Corporation Acquire 19 Acres in Phoenix for Spec Industrial Project
4/22/19
Conor Commercial Real Estate and Globe Corporation have assembled 18.8 acres in Phoenix’ land-constrained Sky Harbor Airport submarket for a spec industrial development. The project, named Airport 40, is slated to start const...
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