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• Walters Wholesale Electric Company Renews Brea Distribution Facility Lease
1/25/19
Walters Wholesale Electric Company has agreed to a long-term renewal of it its existing 246.6k sf distribution facility in Brea in deal worth $24.7 mil. The building is at 200 N Berry St, in a central industrial corridor with...
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• AZ Biz Park Acquired By Pacifica Real Estate Group for $14.6 Mil
1/25/19
Santa Barbara-based Pacifica Real Estate Group purchased Pecos Gateway Business Park, a 125.9k sf industrial property in Mesa, AZ, for $14.6 mil ($116/sf). The asset, located at 8743 E. Pecos Rd, was sold by Boomerang Capital...
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• Self-Storage Facility Becomes the Latest Gelt-y Pleasure for L.A. Real Estate Firm
1/24/19
Gelt Inc has acquired Southmark Storage, a 665-unit, self-storage facility in South Pasadena, for $16.5 mil. Built in 1986 and situated on a 1.81-acre site at 919 Mission St, the six-building property includes 623 indoor stor...
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• Roofing Distributor Leases New 70k sf OC Industrial Building Still Under Construction
1/23/19
An unnamed commercial/residential roofing distributor has agreed to a 10-year, $8.65 mil lease of a 69.9k sf ($1.03/sf/mo) industrial building currently under construction in Placentia. The property, located at 721 S. Van Bur...
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• KKR Spends $24.8 Mil on San Diego-Area Biz Park
1/22/19
KKR has acquired Haffley Industrial Park, a fully leased, two-building industrial park totaling 146.7k sf in the San Diego-area community of National City. The asset was sold by Presidio Property Trust for $24.8 mil ($169/sf)...
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• Investor Pays $10.8 Mil for Bakersfield Distribution Property
1/21/19
A 220.2k sf, single-tenant NNN lease industrial distribution center in Bakersfield traded hands for $10.85 mil ($49/sf). Built in 1980, the property is occupied by Men’s Warehouse.
The property is located at 5801 District Bl...
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• Triscenic Studios Leases 142k sf Valencia Facility
1/18/19
Triscenic Studios has inked a $7.7 mil lease for a 142.4k sf industrial building in Valencia. Located at 25045 Avenue Tibbitts, the building features 28’-30’ minimum clearance, 26 truck-high position doors and two ground-leve...
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• Draftsmen & Craftsmen
1/16/19
Work was just completed on a new 230k sf, corporate headquarters for Behr Paint Company, one of the nation’s largest suppliers of architectural paint and exterior wood care products. The project was designed by interior archi...
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• Uhon Inc Acquires 177-Unit Res Property in the San Gabriel Valley
1/15/19
The Parker, a 177-unit multifamily property in El Monte, was recently acquired by Uhon Inc. The price was not disclosed.
Located at 4640 Arden Way, the 4.3-acre garden-style property sits 15 miles east of Downtown Los Angel...
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• Central CA Hotel Property Trades for $105k/Room
1/11/19
Best Western Plus Villa Del Lago Inn, an 82-room hospitality property located in Patterson, CA, sold for $8.65 mil. Patterson is roughly 17 miles southwest of Modesto in central California.
Best Western Plus Villa Del Lago I...
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• Urban Housing Communities Completes Affordable Housing Project in Santa Rosa
1/11/19
Urban Housing Communities (UHC) has completed work on Crossings on Aston, a 27-unit affordable housing development located at 706 Aston Ave in Santa Rosa. The project offers affordable workforce housing to families in Califor...
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• Commercial Real Estate Financing Briefs
1/09/19
NORTHMARQ CAPITAL - Ory Schwartz with NorthMarq Capital secured Freddie Mac financing totaling $38.4 mil for two NoCal multifamily properties totaling 445 units. The financings were on behalf of two tenants in common, consist...
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• California Landmark Group Completes Co-Housing Project in Marina del Rey
1/08/19
California Landmark Group (CLG) has completed construction of C1, the first large multifamily development in Los Angeles to feature co-living housing. C1 includes 51 luxury market-rate studio, one- and two-bedroom apartment ...
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• New CO Health and Wellness Facility Completed
1/07/19
Work has been completed on Superior Medical Center (SMC), a four-story, 60k sf destination health and wellness facility in Superior, CO, a northwest Denver suburb. The project, developed by PMB, includes a 229-space parking s...
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• EverWest Real Estate Investors Pays $8.65 Mil for Building Filled with DIRTT
1/07/19
Denver-based EverWest Real Estate Investors purchased Phoenix Airport Industrial Center, a 77.6k sf building in Phoenix, for $8.65 mil ($111/sf). The property was sold by Los Angeles-based Cohen Asset Management.
Phoenix Air...
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• Big Lots Center in Las Vegas Trades for almost $13 Mil
1/04/19
Craig Promenade, an 81.1k sf, Big Lots anchored neighborhood shopping center in North Las Vegas, was purchased for $12.9 mil ($159/sf) by Tulsa, OK-based Liberty Crossing Apartments LLC, an entity formed by Precision Equity. ...
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• WellCare Health Plans Inks $23 Mil Lease for 81k sf in Phoenix
1/02/19
WellCare Health Plans Inc signed a long-term lease for 81.3k sf at Two Gateway Center in Phoenix. The 10-year transaction is worth $23 mil, or around $2.35/sf/mo.
Wellcare, a national health insurance firm, took three floors...
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• Hines and Cousins Properties Acquire Land in Downtown Tempe, AZ for Mixed User
1/02/19
Hines and Cousins Properties, an Atlanta-based REIT, have purchased 2.5 acres of land located on Mill Ave in Downtown Tempe to develop 100 Mill, a project consisting of a 280k sf, 15-story class AA modern office tower and a h...
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• Sterling Organization Buys 50k sf Seattle Shopping Center
1/02/19
Sterling Organization purchased Elliot Plaza, a 50.7k sf shopping center near downtown Seattle, for $11.65 mil, or $230/sf. The asset was purchased in an off-market transaction on behalf of Sterling Organization’s latest valu...
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• RAF Pacifica Purchases 11 Acres in Goleta’s Cabrillo Business Park
12/28/18
RAF Pacifica has purchased five parcels of fully entitled commercial land totaling approximately 11.36 acres at the Cabrillo Business Park near the Santa Barbara Municipal Airport in Goleta. The Cabrillo Business Park is home...
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