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• EverWest Real Estate Partners and Independencia Asset Management Team Up in 262k sf Utah Office Buy
4/05/17
In a recent office sale out of Utah, a joint venture between EverWest Real Estate Partners and Independencia Asset Management has purchased South Towne Corporate Center, a two-building, Class A property totaling 262.2k sf in ...
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• Meta Housing Corp’s Latest Development Adds 40 Units of Affordable Housing to East Hollywood
4/05/17
Meta Housing Corporation has completed work on 5400 Hollywood Family Apartments, a 40-unit, mixed-use affordable apartment community in the heart of East Hollywood. The five-story apartment community, developed at a cost of ...
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• Hines Acquires 2.2 msf Underwood Distribution Center in LaPorte, TX
4/03/17
Hines has acquired Underwood Distribution Center, a Class A industrial park located in the heart of the Southeast submarket near the Port of Houston in LaPorte, TX, from BlackRock. Financials on the deal were not disclosed.
...
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• Continental Partners Arranges $54 Mil in Refinancing for the Ritz Carlton Rancho Mirage
4/03/17
Continental Partners has secured $54 mil in fixed-rate, non-recourse, interest-only refinancing for the Ritz-Carlton Rancho Mirage, a 244-room luxury resort in the Inland Empire city of Rancho Mirage. The property is located ...
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• Historic Woolworth Building in Downtown Glendale Lands Trio of New Tenants
3/31/17
There have been three leases to report at the newly renovated historic Woolworth building in the heart of downtown Glendale. The leases total 18.6k sf and include two ground-floor restaurant tenants, 85°C Bakery Cafe and The ...
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• Commercial Real Estate Financing Briefs
3/30/17
SONNENBLICK-EICHNER COMPANY -- Sonnenblick-Eichner Company has arranged $28.125 mil in first mortgage debt from a money center bank to refinance a portfolio of single-tenant ShopKo stores located in Bend, Eugene and Salem, OR...
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• Newcastle Partners Finishes Work on 147k sf Industrial Facility
3/29/17
Newcastle Partners Inc recently wrapped up construction of Knox Logistics Center, a 147k sf industrial building in Moreno Valley. Valued at approximately $14 mil, the property is located at 17610 Harvill Ave, north of Harley ...
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• Work Commences on Los Angeles LGBT Center’s new Anita May Rosenstein Campus
3/27/17
Work has just started at the Los Angeles LGBT Center’s new Anita May Rosenstein Campus, located at 1116 N. McCadden Place, off Santa Monica Blvd in Los Angeles.
Slated for opening in early 2019, the revolutionary new campus...
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• Rockies Lodging Capital Buys Two CO Hotel Properties
3/27/17
Colorado-based Rockies Lodging Capital has purchased a 113-room Residence Inn and 112-room Courtyard located at 1127 and 1200 Oakridge Drive in Fort Collins, CO. The price was not disclosed.
These strategically located Marri...
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• Investor Pays $17.5 Mil for Phoenix Multifamily Asset
3/23/17
Clarendon Park, a 138-unit apartment community in Phoenix, traded hands in a recent sale worth $17.5 mil, or $127k/unit. The property, located at 222 W. Clarendon Ave, was acquired by Phoenix-based Rincon Partners LLC.
Buil...
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• $9 Mil Renovation Completed at Chula Vista Retail Center
3/23/17
Brixton Capital has completed work on its newly revamped Gateway Marketplace, a 109.2k sf retail center in Chula Vista. The center sits on 8.8 acres at Fourth Avenue and C St. San Diego-based SCA Architecture handled the plan...
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• Commercial Real Estate Financing Briefs
3/22/17
HUNT MORTGAGE GROUP – Chris Warren with Hunt Mortgage Group arranged an $11.6 mil Fannie Mae loan to facilitate the acquisition of a multifamily property located in Houston, TX. The property, Oaks of Ashford Apartments is a g...
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• Daly City Site Acquired for Development of High-Density Housing
3/21/17
In development news out of the Bay Area, AMG Development picked up a 1.15-acre, vacant parcel located in Daly City on which they plan to construct a 206-unit, seven-story high density residential project. The site, which is l...
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• NSB Developing Creative Office Project in El Segundo
3/20/17
SoCal-based NSB Associates is developing Ascend, a stand-alone, 80k sf creative office building designed by legendary architect Frank Gehry. Located at the Utah Avenue Campus in El Segundo, the building is expected to be avai...
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• TMG Partners Planning to Redevelop San Francisco Medical Property into Residential Housing
3/20/17
Big plans await the California Pacific Medical Center (CPMC) Sutter Health campus site in San Francisco, as TMG Partners submitted a Preliminary Project Application and Environmental Evaluation for a proposed residential proj...
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• Vegas Multifamily Property Sells for $113k/Unit
3/17/17
Conejo Villas Apartment Homes, a 252-unit multifamily property in Las Vegas, traded hands for $28.5 mil, or $113k/unit. The property is located at 5060 W. Hacienda Ave, just west of Decatur Blvd.
Built in 1999, Conejo Villas...
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• New 221k sf Industrial Development Completed in Jurupa Valley
3/16/17
Galena Business Park, a new $13.3 mil industrial office park in the Inland Empire’s Jurupa Valley, has just been completed. Located at the corner of Galena St and Troy Ct, Galena Business Park consists of five high-bay indust...
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• Trojan Storage Spends $6.6 Mil on Burbank Property for Conversion to Self-Storage
3/15/17
Trojan Storage recently purchased a 40k sf industrial building on approximately 1.5 acres of land in Burbank with plans to convert the property into a self-storage facility. The firm paid $6.6 mil for the land, located at 101...
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• Draftsmen & Craftsmen
3/14/17
Shea Properties recently saw construction wrap up on its new Shea Center Carlsbad, a 114.5k sf, Class A industrial development in Carlsbad. The project is located at 6131-6133 Innovation Way, within the exclusive master-plann...
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• Stockdale Capital Partners Pays $23.5 Mil for OR Office Complex
3/14/17
Stockdale Capital Partners paid $23.5 mil for Gresham Station Medical Plaza, a 100.4k sf ($234/sf), four-building medical office complex in the suburban Portland community of Gresham, OR. The asset was sold by Westlake Realty...
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