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Marsh & McLennan Companies Takes 72k sf of Downtown LA Office Space 5/31/17 Marsh & McLennan Companies has agreed to a 15-year lease for 72k sf of office space at US Bank Tower in downtown Los Angeles. The company, one of the largest and most prestigious insurance services firms in the world, will ta...
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iBorrow Provides $10 Mil for Two Seattle Hotel Conversion Projects 5/26/17 iBorrow has provided two loans totaling just under $10 mil to finance hotel conversion projects in Downtown Seattle’s Pioneer Square neighborhood. Both properties are situated just minutes from Century Link Stadium, the Seatt...
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New AZ Industrial Development Lands Two Tenants 5/25/17 The DeMichele Group and All In One Posters are the firms to take space at Chandler, Arizona’s newest industrial development, a 97k sf biz park from Silagi Development & Management (SDM), out of Thousand Oaks.
The DeMichele G...
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Lincoln Property Company Named Asset Manager for Transbay Transit Center in San Francisco 5/24/17 Lincoln Property Company has been selected as the asset manager of the Transbay Transit Center, a regional transportation hub under construction in the heart of downtown San Francisco.
The new center, considered to be the “...
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334k sf TX Biz Park Trades Hands 5/23/17 Northbrook Business Center, a 334.1k sf industrial business park in north Fort Worth, TX, was purchased by Northbrook 820 LLC, a Wilson & Stonaker LLC partnership. The price was not disclosed.
The four-building complex, loca...
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Premier Business Centers Opens Its First Location in Spokane, WA 5/22/17 Irvine-based Premier Business Centers® is opening its first location in Spokane, WA, after signing a lease for 12.3k sf of flexible workspace on the 2nd floor in the Crescent Building, a fully restored, seven-story historic m...
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Young’s Market Company of Arizona Spends $20 Mil on Phoenix Cold Storage Facility 5/22/17 Young’s Market Company of Arizona recently acquired a 248.9k sf cold Storage industrial building in Phoenix for $20.5 mil, or $82/sf. Built in 1999 and renovated in 2003, the property is located 402 S. 54th Place.
With 26 do...
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Work About to Start on New Livermore Retail Center 5/19/17 Construction on The Shops at Livermore, a 115k sf mixed-use retail development located in the East Bay city of Livermore, is expected to get underway by the end of this month. The project, a development of RedMill Capital and...
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Shopoff Realty Investments Spends $52 Mil on LA Area Manufactured Housing Community 5/19/17 Shopoff Realty Investments has acquired a 45.89-acre manufactured housing community in the San Gabriel Valley city of El Monte for $52.7 mil. The property is located at 12700 Elliott Ave, west of I-605 about midway between I-...
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Gelt Inc Forms New Mobile Home Venture 5/18/17 Gelt Inc has formed a new business venture, Happy Home Communities (HHC), which will focus exclusively on the acquisition and management of mobile home and RV resorts throughout the Western United States. HHC will be led by E...
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OC Net-Leased Fiat/Chrysler Dealership Property Sells for Over $9 Mil 5/17/17 A 26.2k sf, net-leased Fiat Chrysler car dealership in San Juan Capistrano sold for $9.1 mil, or $348/sf. The property, located at 32881 Camino Capistrano, was purchased by a private local buyer in a 1031 exchange. The deal c...
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Legacy Partners to Completely Renovate a 209-Unit Res Property in West Covina 5/16/17 Legacy Partners is about to undertake a complete renovation of The Verandas, a 209-unit, 180k sf apartment community in West Covina. Legacy Partners, who has owned and managed the property since 2007, recently received Depart...
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Diamond Bar Office Property Listed for Sale 5/16/17 We’ve learned of an LA-area office property that just hit the market -- Gateway Corporate Center, a two-story, 87.4k sf institutional-quality suburban office building in the San Gabriel Valley city of Diamond Bar. There is no...
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Hines to Develop 135-Acre Mixed-Use Project in Allen, TX 5/12/17 Hines has announced plans for a new 135-acre corporate campus and mixed-use development in Allen, TX, to be called The Strand. Master-planned by Gensler, The Strand is located at 121 and Alma in Allen. It is being developed i...
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Office and Retail Building in LA’s Brentwood Area Sells for Over $1,000/sf 5/09/17 Coral Tree Properties LLC paid $10.65 mil ($1,088/sf) for a 9.8k sf mixed-use property in West Los Angeles’ upscale community of Brentwood. The buyer intends to use most of the property as offices for their business.
The ret...
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CO Hotel Property Sells for $9.7 Mil 5/08/17 Holiday Inn Express & Suites Gunnison, a 107-room hospitality property located in Gunnison, CO, sold for $9.72 mil, ($90.8k/room).
Holiday Inn Express & Suites Gunnison is located at 910 East Tomichi Ave, adjacent to Wester...
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First Phase of El Centro Luxury Res Development Completed 5/05/17 The first phase has been completed at Town Center Villa, a new, 240-unit luxury res community located at 2100 North 10th Street in El Centro. Phase one, valued at $12 mil, consists of 84 newly completed units available now fo...
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Mostly Vacant Retail Center in Upland Sells for $121/sf 5/03/17 Upland Village, a 153k sf shopping center in Upland, was acquired by Laguna Beach-based Wood Investments Inc for $18.5 mil ($121/sf). The property, located at the intersection of Euclid Blvd and Foothill Blvd, was only 10% oc...
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Transwestern Awarded Leasing Assignment for TX Office Property 5/02/17 The leasing assignment for Oak Park Office Center III, a 151k sf office property in Houston’s Westchase submarket, was awarded to Transwestern. The building, located at 6001 Rogerdale, is owned by111 Realty OPO LLC.
Oak Park...
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The Bascom Group Spends $14 Mil on Torrance Multifamily Property 4/28/17 The Bascom Group has acquired Harvard Villa Apartments, a 64-unit, infill apartment community in the LA South Bay city of Torrance, for $14 mil ($219k/unit). Bascom views Harvard Villa as a strong value-add opportunity, and p...
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