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• Commercial Real Estate Financing Briefs
10/08/18
CBRE CAPITAL MARKETS - Mark McGovern, Scott Peterson and Brian Cruz with CBRE Capital Markets’ Debt & Structured Finance team have arranged a $23.9 mil loan through CapitalSource for the acquisition of Camelback Arboleda, a 2...
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• American Realty Advisors and Unico Properties LLC Buy Portland Office Building
10/04/18
A joint venture between American Realty Advisors and Unico Properties LLC has acquired MODA Tower, a 398.4k sf office tower in downtown Portland, OR. The price was not disclosed.
The Class A property, centrally located at 60...
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• Colorado Resort to Make Capital Improvements after Securing $13.5 Mil in Financing
10/04/18
HFF arranged $13.5 mil in financing for The Sebastian – Vail, a full-service boutique hotel and private residence club located within Vail Village in Vail, CO. Proceeds of the loan will be used for additional capital improve...
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• Hotel/Housing Development Completed in Healdsburg, CA
10/02/18
Seaview Investors LLC recently completed a ground-up, two-part construction project in Healdsburg. The project, built by R.D. Olson Construction, included Hotel Trio, a 122-room hotel, and Citrine Apartments, a 37-unit afford...
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• 332k sf SoCal Regional Mall Trades in $21 Mil Deal
10/02/18
A majority, 331.8k sf portion of Santa Maria Town Center, a regional mall in the coastal SoCal city of Santa Maria, traded hands in a recent transaction valued at about $21.5 mil, or $65/sf. The property is anchored by Sears ...
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• Irvine Industrial Property Fetches $27.5 Mil
10/01/18
Von Karman Industrial Park, a 104.7k sf industrial facility in Irvine, was acquired by a private investor for $27.45 mil ($262/sf).
Built in 1979, Von Karman Industrial Park was renovated in 2012 and has a current occupancy...
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• M West Holdings Pays Over $400k/Unit for San Pedro Bank Lofts
9/28/18
M West Holdings LLC, out of Sherman Oaks, has paid $36.3 mil for San Pedro Bank Lofts, an 89-unit ($408k/unit), loft-style multifamily property in Los Angeles’ South Bay community of San Pedro. The property, Located at 407 W....
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• True North Capital Management Lands $34 Mil to Recapitalize Valencia Office Property
9/27/18
True North Capital Management has secured $34 mil in bridge debt financing for the recapitalization of Valencia Corporate Plaza, a 194.7k sf office property in Valencia. The new financing was arranged by CBRE Capital Markets’...
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• Construction Quick Take
9/26/18
By Allen Wolfsheimer
Here’s a pic taken a few days ago of the current state of construction on The Culver Steps, a 120k sf retail and office development next to the Culver Hotel in the heart of downtown Culver City. The proj...
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• Chinese Firm Acquires San Jose Office Building
9/26/18
Hangzhou Overseas Center Inc, a technology and business service company backed by the city of Hangzhou, China, has purchased a two-story office building in San Jose. The property, located at 160 East Tasman Dr, west of I-880 ...
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• Sarkissian Trust Spends $12 Mil on Fully Leased NoCal Industrial Facility
9/25/18
In a recent NoCal industrial buy, Sarkissian Trust has purchased a fully leased, 63k sf flex/R&D building in Solano County for $12 mil ($190/sf). The facility is 100% occupied by Bio-Rad Laboratories. Sarkissian Trust acquire...
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• Investor Partnership Buys 41k sf Seattle-Area Site for Development of Self-Storage Project
9/21/18
Baranof Holdings LLC, in a joint venture with an institutional equity partner, has purchased a fully entitled, ready to build self-storage site in the North Seattle city of Shoreline, WA. The price was not immediately given o...
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• Commercial Real Estate Financing Briefs
9/19/18
QUANTUM CAPITAL PARTNERS - Quantum Capital Partners has arranged $16 mil in long-term first mortgage debt to recapitalize a new 27k sf retail center in Downtown Los Angeles’ Arts District. Located at 833 E. Third St, the reta...
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• Avison Young Launches Project Management Practice Group in Arizona
9/19/18
Avison Young has launched a new project management practice group in Arizona. Effective immediately, George Rubelsky becomes a Senior Project Manager based in the company’s Phoenix office. He will lead and grow the team in Gr...
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• Owner/User Buys Newly Built Industrial Facility in San Bernardino
9/19/18
A newly developed, 154.5k sf industrial warehouse building in San Bernardino has sold for $18.23 mil ($118/sf). The building, located at 2705 Lexington Ave, north of the 210 Fwy and just west of I-215, was purchased by a glob...
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• Silicon Valley Whole Foods Store Sells for $55 Mil
9/18/18
A 50.5k sf retail property occupied by Whole Foods Market in the Silicon Valley city of Los Altos sold for $55 mil ($1,089/sf). Imperial Hornet Developers LLC acquired the freestanding property, located at 4800 El Camino Real...
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• Dominion Mortgage Corp Provides $11.6 Mil Loan for Construction of a Hyatt-Branded Hotel in Hollywood
9/18/18
Dominion Mortgage Corporation has provided an $11.6 mil construction loan for the development of a new, 64-room Hyatt-branded boutique hotel in Hollywood. The development is just a few blocks from the well-known intersection ...
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• Dunbar Real Estate Investment Management Buys 103k sf Phoenix Industrial Asset
9/17/18
Los Angeles-based Dunbar Real Estate Investment Management has purchased Tiger Industrial, a 103.5k sf ($61/sf) industrial property in Phoenix for $6.33 mil. The property is located at 4901-4929 W. Van Buren St, just south of...
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• Fully Leased Houston Industrial Asset Trades Hands
9/17/18
A 447.6k sf industrial property in Houston was acquired by a family investment entity involved in a 1031 exchange. The property, located at 13770 Industrial Rd, was sold by Houston-based Hines.
The asset consists of nine bui...
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• Sukut Real Properties Acquires 294k sf San Diego Area Industrial Property
9/14/18
Mira Mesa Distribution Center, a 293.8k sf, multi-building distribution park in San Diego, has been acquired by Orange County-based Sukut Real Properties. The multi-tenant industrial project is located in the heart of the Sor...
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