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• Founders Properties LLC Spends $10 Mil on AZ Office Building
3/21/19
Minnesota-based Founders Properties LLC paid $10.06 mil for a two-story, 63.8k sf ($158/sf) Class A office building located within Inverness Commons Business Park, in the hub of Mesa, AZ’s booming Higley Road medical corridor...
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• Utah Retail Center Sells in $48 Mil Deal
3/21/19
The Family Center at Riverdale, a 427.8k sf shopping center in Riverdale, UT, sold for $48.2 mil, or $113/sf. The City of Riverdale is part of the Ogden-Clearfield market and is six miles from Ogden and 35 miles from downtow...
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• JLL Acquires Corporate Concierge Services
3/20/19
JLL has acquired Corporate Concierge Services (CCS), a national provider of onsite tenant amenity and concierge solutions for retail, office, residential and hospitality properties. The acquisition, which is effective immedia...
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• Multi-Story Industrial Project in Seattle Slated for Development Later this Year
3/19/19
Track 6, an expansive, Class A, multi-story industrial project in Seattle, is slated to start development later this year. The project is a development of Avenue 55, a Seattle-based private real estate company.
Track 6 is bu...
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• Nourison Industries Leases 121k sf in North Las Vegas
3/18/19
New Jersey-based Nourison Industries, a leading floor covering and home accents manufacturer, has selected North Las Vegas as its regional distribution facility – signing a long-term lease for approximately 121k sf. Nourison ...
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• Safco Capital Corp Spends $25 Mil on Purchase of West Hollywood Gelson’s Market
3/18/19
Safco Capital Corporation closed on the acquisition of a 17.8k sf Gelson’s Market property in West Hollywood, in a sale-leaseback transaction worth $25.25 mil. The property was sold by Mayfair Realty Inc, an operating compan...
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• Commercial Real Estate Financing Briefs
3/18/19
GEORGE SMITH PARTNERS - Shahin Yazdi, Jonathan Lee, David Stepanchak, Matthew Kirisits, Olga Alworth and Samuel Sarshar with George Smith Partners arranged $9.65 mil in financing for the purchase of a 95-unit multifamily pro...
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• Exchange Investor Buys 84k sf Office Property in La Mirada
3/15/19
Milan Capital Management has purchased an 84k sf office property in La Mirada, in a 1031 exchange deal worth $13.64 mil ($162/sf). The property was sold by Saunders Property Company, a Newport Beach-based real estate company....
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• DeBartolo Refinances New San Antonio Res Project with $58 Mil Bridge Loan
3/13/19
DeBartolo Development has obtained $58.4 mil in bridge on Infinity at the Rim apartments, a new 310-unit multifamily project in San Antonio. The loan, arranged by Greystone, will enable DeBartolo to pay off the initial constr...
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• Draftsmen & Craftsmen
3/12/19
Work has just wrapped up on the Braille Institute Anaheim Center, a 14.7k sf building on the institute’s existing campus. The new state-of-the-art building replaces the institute’s former multi-structure facility and provides...
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• LGE Design Build and Clarius Partners Break Ground on AZ Biz Park
3/11/19
Phoenix-based LGE Design Build, in partnership with Clarius Partners LLC, has broken ground on The HUB at Goodyear in Phoenix’s West Valley. Totaling 791k sf, the project is designed to satisfy the strong demand for warehouse...
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• Excelsior Partners Closes $11 Mil South Bay Office Buy
3/11/19
A 49.3k sf office building in Torrance was purchased by Excelsior Partners in an $11.3 mil ($229/sf) deal. The building, located at 3520 Challenger St, east of Hawthorne Blvd and north of Del Amo Blvd, was sold by Fairway LLC...
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• Hines Acquires 49 Acres Outside of Salt Lake City for Development
3/07/19
Hines has acquired a 49.5-acre acre property in West Valley City, UT, just outside of Salt Lake City. The firm plans to develop 201 Mountain View Park (“201 MVP”), a single-phased Class A industrial/logistics park, on the sit...
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• Silicon Valley Office Campus Trades Hands
3/06/19
Orchard Corporate Center, a newly constructed, 101.4k sf Class A office/R&D campus in North San Jose, was purchased by a private investor. Constructed in 2018, the one- and two-story office/R&D buildings are situated on 5.3 a...
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• RAF Pacifica Group Spends $36 Mil on Two Acquisitions in Carlsbad
3/04/19
RAF Pacifica Group has purchased two high quality properties in Carlsbad – one office and the other industrial – in separate deals totaling $36.3 mil. The sales were for Avenida Crossing, a newly renovated 68.4k sf creative o...
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• New Rialto Industrial Facility Sells for $16 Mil
3/04/19
A newly constructed, 120.6k sf freestanding industrial facility in Rialto sold for $15.9 mil ($132/sf). The facility, located at 1450 Alder Ave, was then leased out to the buyer’s affiliate, Magnolia Foods, a Mira Loma-based ...
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• Draftsmen & Craftsmen
3/01/19
The walls have been tilted tilt on East Valley Commerce Center Phase II, a two-building, 363k sf industrial project being developed by Metro Commercial Properties in the heart of Mesa’s US 60 corridor, in Arizona. The work w...
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• George Oliver Providing a Home for Modern Office Space Users in Phoenix at CASA
2/28/19
Phoenix-based George Oliver has unveiled plans for its new CASA redevelopment, a 181.2k sf, Class A office building in Phoenix’s booming Uptown neighborhood. The $17 mil renovation will entail converting CASA from a 1989-buil...
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• New Pismo Beach Hotel Financed with $26.5 Mil Loan
2/27/19
Sonnenblick-Eichner Company has arranged a $26.5 mil interim refi loan on Inn at the Pier, a new 104-room, full-service luxury boutique hotel located one-half block from the Pacific Ocean in the heart of Pismo Beach, CA.
The...
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• EnVen Energy Takes 57k sf at Houston Office Tower
2/26/19
EnVen Energy Corporation signed an 11-year lease for 57.1k sf of space at 609 Main at Texas, a 48-story, 1.07 msf office tower in downtown Houston. The independent oil and natural gas firm will relocate to the building this f...
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