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• Philip Voorhees Promoted to Vice Chairman at CBRE
12/27/18
CBRE has promoted Philip Voorhees to Vice Chairman, the highest producer ranking at the firm. Voorhees heads the National Retail Partners– West (NRP-West) team, which has closed 63 transactions year to date, and all time clos...
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• Tempe, AZ Office Building Trades in $34 Mil Deal
12/27/18
Papago Spectrum, a 159.3k sf, Class A office building in Tempe, AZ traded hands in a recent deal. The property is located at 1225 West Washington in the heart of the city’s downtown.
The property was acquired by Alidade Papa...
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• Monrovia Office Building Sells in $18.5 Mil Deal
12/26/18
Chase Mayflower bought an 83.7k sf office building in Monrovia for $18.5 mil ($221/sf). The building, located at 1333 S. Mayflower Ave, between Huntington Dr and the 210 Fwy, was sold by Kare Foundation.
The property, Huntin...
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• Alchemy Resorts Buys 3,100-Acre Property in Napa County
12/21/18
Alchemy Resorts has acquired Aetna Springs Resort, a 3,100-acre resort property in Napa County’s Pope Valley. The property, situated just 16 miles from downtown St. Helena and 35 miles from the city of Napa, includes approval...
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• Knotel’s Portfolio Expanded by Over 300% in 2018
12/20/18
Agile workspace provider Knotel reports that its footprint more than tripled in 2018 – increasing by 318% -- and it expects similar growth in the coming year.
Knotel, which signed its first lease three years ago, grew in 2...
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• Industrial Facility in Vista Sells for $24.7 Mil
12/20/18
A 135k sf, single-tenant industrial facility in Vista sold for $24.7 mil ($183/sf). The building, located at 2710 Progress St, north of San Marcos Blvd and southwest of Hwy 78, is fully leased to longstanding tenant Captek So...
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• Century | Urban Spends $12 Mil on East Bay Office Building
12/19/18
Century | Urban, a real estate investment and advisory firm, acquired 2890 N. Main Street, a 42.7k sf office building located in Walnut Creek, for $12.3 mil ($288/sf). The three-story building is 94% leased with US Bank as it...
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• East Bay Multifamily Community Goes for $44 Mil
12/18/18
The Mark, a 150-unit apartment property in the East Bay city of Hayward, has sold for $44 mil ($293k/unit). The buyer was New Standard Equities.
The garden-style complex is located at 24650 Amador St, east of I-880 and north...
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• MedImpact Healthcare Systems Buys Tempe Industrial/Flex Property for Expansion
12/18/18
San Diego-based MedImpact Healthcare Systems Inc purchased Ocotillo Business Center, a 102.7k sf, industrial/flex property in Tempe, AZ, for $12.6 mil ($123/sf).
Ocotillo Business Center is a three-building complex located a...
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• Equus Capital Partners Buys 200k sf WA Mixed-Use Complex
12/17/18
Equus Capital Partners has purchased Highlands Campus Tech Centre, a 201.8k sf mixed-use development in Bothell, WA. It was sold by Investcorp.
Highlands Campus is located at 21520 30th Drive SE, 21312 30th Drive SE and 2122...
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• Neighborhood Retail Center in Arizona Sells for $5 Mil
12/17/18
The Shops at Arizona, a 35.7k sf Ace Hardware-anchored neighborhood shopping center in Anthem, AZ, sold for $5.075 mil, or $142/sf. The center, located at 3434 Anthem Way, is 88% occupied with a mix of daily needs, food servi...
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• Inland Empire Office Building Trades for Over $20 Mil
12/14/18
In a recent Inland Empire office acquisition, Montclair-based De Anza Land and Leisure Corp purchased Center Tower Riverside, a five-story, 73.6k sf Class A building in Riverside, for $20.66 mil ($281/sf). The property was so...
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• MidOcean Partners Acquires Meyers Research from Kennedy Wilson
12/13/18
MidOcean Partners, middle market private equity firm focused on the business services and consumer sectors, acquired Meyers Research LLC, a leading provider of data for the real estate industry. The Irvine-based firm was sold...
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• Carlsbad Creative Office/R&D Campus Trades Hands
12/13/18
A joint venture between SteelWave LLC and funds managed by Angelo Gordon recently closed on the purchase of a 208.9k sf creative office/R&D campus in Carlsbad. The single-story, multi-tenant property, situated on over 13 acre...
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• Vacant DTLA Office Building to Be Converted into a 180-Room Hotel
12/12/18
Oceans V has secured $50.9 mil in construction financing to reposition a vacant office building into the Cambria Hotel and Suites, a 180-room, full-service hotel in downtown Los Angeles. The loan was arranged by HFF’s Matthew...
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• Bay Area Multifamily Portfolio Trades in $41 Mil Deal
12/11/18
A four-property, 201-unit multi-housing portfolio in the Sonoma County city of Rohnert Park was acquired by a private investor for $41.05 mil ($204k/unit). The properties were sold by a Colorado-based private investment entit...
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• Pair of Medical Office Buildings in Westlake Village Trade for $30 Mil
12/10/18
Two medical office buildings totaling 50k sf in Westlake Village sold for $29.95 mil, or about $599/sf. The assets were purchased by Welltower in an off-market transaction.
The buildings, located at 1220 and 1250 La Venta D...
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• Work Started on Newport Beach Senior Living Project
12/10/18
Atria Senior Living has begun construction on Newport Terrace Senior Living, a 120k sf assisted living complex in Newport Beach. R.D. Olson Construction is the general contractor for the project.
Atria Senior Living will be ...
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• Tower 16 Capital Partners and Henley USA Team Up in $29.5 Mil Vegas Multifamily Buy
12/07/18
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Evergreen Apartments, a 314-unit, multifamily project two miles west of the Las Vegas Strip, for $29.5 mil ($94k/unit). Tower 16 wil...
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• Phoenix Office Investment Buy Closes at $6.75 Mil
12/06/18
Beverly Center, a single-story, 43k sf Class A single-tenant office property in Phoenix, sold for $6.75 mil ($157/sf). The property, located at 8181 S. 48th St, was acquired by Beverly Holdings LLC, out of Woodland Hills.
Be...
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