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• Panattoni Development Starts Work on 232k sf OC Industrial Development
6/05/18
Panattoni Development Company Inc has just broken ground on Orange County Commerce Center, a four-building, 232k sf industrial project situated at the border of Anaheim and Placentia. Panattoni is developing this property in ...
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• Emma Capital Investments Spends Over $22 Mil on Phoenix Multifamily Community
6/04/18
Emma Capital Investments Inc has purchased Zazu Apartments, a 184–unit garden style multi-family apartment community in Phoenix, for $22.25 mil ($121k/unit). The property, located at 1502 East Osborn Rd, represents Emma Capit...
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• AZ Office Property Sells in $8.8 Mil Deal
6/01/18
A 57.2k sf office property in Mesa, AZ sold for $8.8 mil ($154/sf). Located within Mesa’s Superstition Springs Corridor, the building is located at 1355 S. Clearview Ave, at the northeast corner of South Clearview Ave and Eas...
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• AZ Mixed-Use Property Listed for Sale at $25.8 Mil
6/01/18
Institutional Property Advisors (IPA) has been awarded the sales listing for Big Curve Center, a 128.1k sf, mixed-use retail and medical-anchored community center in Yuma, AZ. The price is $25.8 mil with new acquisition finan...
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• Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
5/31/18
Mark Moshayedi and Ryan Gallagher have joined forces to launch Space Investment Partners, an Irvine-based commercial real estate operating company. Space Investment Partners, a fully-integrated real estate investment, develop...
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• Tower 16 Capital Partners and Henley USA Buy 228-Unit Res Asset in Las Vegas
5/31/18
San Diego-based Tower 16 Capital Partners and Henley USA have partnered to launch Altura, a new brand of multifamily apartment communities in Las Vegas. The partnership made their first acquisition last month, a 228-unit Clas...
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• Merlone Geier Partners Spends $30 Mil on Value-Add OC Retail Buy
5/30/18
Merlone Geier Partners has acquired College Plaza Shopping Center in Fullerton from a private investor for $29.7 mil. The 77.3k sf retail property is located at 2400-2520 East Chapman Ave, just west of the 57 Fwy.
Constructe...
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• CREXi Secures $11 Mil Series A Investment
5/29/18
CREXi, a leading marketplace and technology platform for the commercial real estate industry, has obtained $11 mil in Series A financing. The round was led by Jackson Square Ventures. Other investors in the round included Man...
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• AZ Student Housing Property Purchased in $17.5 Mil Deal
5/29/18
March Investment LLC, an entity formed by Phoenix-based Clear Sky Capital, purchased University Villa at Ironwood, a 140-unit student housing property located just west of the University of Arizona campus in Tucson for $17.45...
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• 60-Year-Old Apartment Property in Costa Mesa Sells for $400k/Unit
5/23/18
Casa Del Mar, a 16-unit apartment building in Costa Mesa, was purchased by a local syndication investor and management company for $6.4 mil, or $400k/unit. The property, located at 147 East 18th St, just east of the 55 Fwy by...
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• Leasing Assignment for 500k sf Oxnard Office Campus Goes to Lee & Associates
5/22/18
Topa has awarded the leasing assignment for The Campus at Topa Towers in Oxnard to Lee & Associates-LA North/Ventura. Lee’s David Kim, Cory Richmond and Jared Smits are handling the listing.
The Campus at Topa Towers, a 500...
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• Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
5/21/18
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator.
Pollack will be handling all new location acquisitions and renewals, as well ...
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• City of Industry Facility Fits Just Right for Glove Manufacturer’s Relocation Needs
5/21/18
Austin Pang Gloves Mfg (USA) Corp has purchased a newly constructed, 72.3k sf building in the City of Industry for $13.4 mil ($185/sf). The facility is located within CT Industry Center, at 17343 Freedom Way, just east of Azu...
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• Dominion Mortgage Corporation Wraps Up One of Its Best 12-Month Periods in 40 Years
5/18/18
Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history.
Established in 1977, Dominion Mortgage Corporation...
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• San Jose Office Campus Lands $71 Mil Refi
5/17/18
A Rockwood Capital and Four Corners Properties joint venture has obtained refinancing of $71.5 mil on The Junction at Montague, a four-building, 262.1k sf office/R&D campus they own in North San Jose.
Located at 2520, 2560, ...
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• LBA Realty Makes $20 Mil Buy of Inland Empire Industrial Asset
5/16/18
LBA Realty has purchased a fully leased, Class A core industrial building totaling 155.1k sf on nearly seven acres in Riverside for $20.2 mil ($130/sf). Built in 2007, the state-of-the-art facility is located at 1100 E. Citru...
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• Silicon Valley Office Buy Financed with $41 Mil Bridge Loan
5/15/18
Vahe Tashjian of Dutchints Development has purchased a 71k sf office asset in the Silicon Valley from an institutional seller. Although the actual price was not given out, we do know that the deal was financed with a $41 mil ...
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• Dalfen America Starts Work on 115k sf Spec Industrial Facility in Texas
5/15/18
Dalfen America Corp has started construction on the McKinney Fulfillment Center, a Class A, spec industrial facility in McKinney, TX that will contain 115.2k sf of space. The building is located near the crossroads of US-75 a...
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• Grocery-Anchored Center in Vegas Trades for $15 Mil
5/14/18
Tropicana Marketplace, a 69.4k sf, Smith’s-anchored shopping center in Las Vegas, has sold for $15 mil ($216/sf). The property, located at 6120-6180 W. Tropicana Ave, was sold by Houston-based Weingarten Realty.
Anchored by ...
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• Second Phase Completed at 276-Unit Westminster, CO Res Development
5/10/18
Phase II of Legacy on the Promenade, a multi-phase, 276-unit residential project in Westminster, CO, has been completed. The 37 finished units that comprise Phase II have an average size of 923 sf.
This phase also features ...
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