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• Colliers International Acquires CBC Advisors in Glendale
8/15/18
Colliers International has acquired CBC Advisors in Glendale, making the Tri-Cities company Colliers’10th office in the Greater Los Angeles region.
The former CBC Advisors office is comprised of 10 brokers specializing in t...
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• Firms Ink Leases for Over 700k sf at New Distribution Development in Chino
8/14/18
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70% of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a development ...
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• Petaluma Shopping Center Traded in $55 Mil Deal
8/13/18
East Washington Place, a 340k sf shopping center in Petaluma, was acquired by Vestar for $55 mil ($162/sf). The property, located at 401 Kennilworth Dr, adjacent to Hwy 101, was sold by Regency Centers.
East Washington Place...
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• Portland Industrial Facility Trades in $4 Mil Acquisition
8/13/18
Mason Street Commons, a leased, single-tenant investment warehouse located at 4201 NE 161st Ave in Portland, OR, was purchased for $4 mil by Jerry and Deborah Ivy, a private investor. The seller, Forward Properties LLC, opte...
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• UPstART Opens Newest Shared Room Community in East Hollywood
8/10/18
UPstART, a communal housing operator and private club for artists and musicians, has opened Harvard House, a 96-bed community located at 816 N Hobart Blvd in the East Hollywood region of Los Angeles California.
UPstART op...
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• Mexico-Based Private Equity Fund Buys Houston Office Building
8/09/18
The Aztec Fund Inc, a Mexico-based private equity fund, acquired Westway Plaza, a 313.4k sf, Class AA office building at 11330 Clay Rd in Houston. The fully occupied building is anchored by General Electric Co.
Situated on 9...
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• SummerHill Homes Pays $13 Mil/Acre for Mountain View Dev Site
8/09/18
SummerHill Homes paid $22.5 mil for a 1.72-acre land parcel in Mountain View. The land parcel is located near the intersection of West Middlefield Rd and Rengstorff Ave in Mountain View, in close proximity to the Google headq...
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• Bouwinvest Real Estate Investors and MacFarlane Partners Form a Joint Venture to Own and Operate Res High-Rises in L.A. and New York
8/08/18
Dutch institutional investor Bouwinvest Real Estate Investors and MacFarlane Partners have formed a joint venture to own and operate newly built residential high-rises in New York and Los Angeles with a combined total value o...
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• Retail Building in Los Angeles’ La Brea/Melrose Area Fetches $800/sf
8/07/18
An iconic retail property in the heart of L.A.’s thriving La Brea neighborhood sold for $4.1 mil, or $804/sf. The 5.1k sf building is located at 819 North La Brea Ave, a block or so north of Melrose Ave.
Built in 1928 as a r...
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• Commercial Real Estate Financing Briefs
8/07/18
GRANDBRIDGE REAL ESTATE CAPITAL - Hunter Curtis and Taylor Curtis with Grandbridge Real Estate Capital originated a $45 mil first mortgage loan secured by 4100 Newport Place Drive, a 190.4k sf, Class A office property in Newp...
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• Exchange Investor Trades into 10.5k sf AZ Medical Office Asset
8/06/18
32nd Street SurgiCenter, a fully occupied, 10.5k sf medical office building in Phoenix, sold for $2.8 mil ($267/sf).
Built in 1978 and fully renovated in 2008, the one-story property is located at 10255 N. 32nd St and is fu...
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• Los Angeles Multifamily Development Lands $35 Mil in Financing
8/06/18
Lion Real Estate Group has obtained $35 mil in financing on EastView Apartments, a newly completed, 121-unit, Class A apartment property adjacent to Downtown Los Angeles. The property is located at 327 N. Boylston St, just ou...
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• Draftsmen & Craftsmen
8/03/18
The city of Laguna Niguel has broken ground on Crown Valley Park Community Building, a 30k sf, three-story building in the southern OC city. The $25 mil project marks the final phase of a three-tier improvement plan for Crown...
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• Recent Lease Signings Account for 70% of Chino Distribution Project
8/02/18
Casual footwear maker OluKai was among four companies to sign leases recently for more than 70 percent of the 1 msf Kimball Business Park, a collection of eight distribution buildings underway in Chino. The project is a devel...
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• Rexford Industrial Realty Spends $20 Mil on Two SoCal Facilities
7/27/18
Rexford Industrial Realty Inc acquired two industrial properties totaling 120.8k sf of space for $20.3 mil. The acquisitions – in Santa Fe Springs and Valencia -- were funded using available cash on hand.
In one deal, Rexfo...
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• Owner/User Pays $197/sf for Simi Valley Industrial Facility
7/27/18
A 37.1k sf, state-of-the-art industrial building in Simi Valley sold for $7.3 mil ($197/sf). The building is part of an industrial business campus, located at 167 W. Cochran St, and was the last available property for sale at...
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• Provenance Hotels Refinances Hotel Theodore in Seattle
7/26/18
Provenance Hotels, out of Portland, OR, has refinanced Hotel Theodore, a 20-story, 153-room, full-service, luxury boutique hotel in downtown Seattle. The firm has obtained new first mortgage money for $50 mil on the property...
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• Sabal Capital Partners to Acquire Majority Stake in Trident VII Funds Company Managed by Stone Point Capital
7/26/18
Sabal Capital Partners LLC recently signed definitive agreements for the acquisition of a majority interest in the company by the Trident VII funds managed by Stone Point Capital LLC. Sabal is a leading small balance debt pro...
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• CO Shopping Center Picked Up by Florida Buyer in $10.8 Mil Deal
7/25/18
Broadridge Shopping Center, a 75.8k sf shopping center in Littleton, CO, was acquired by Fort Lauderdale-based SunCap Opportunity Fund LLC for $10.85 mil ($143/sf). The property was sold by Transmark Co.
Broadridge Shopping ...
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• BOSA Development to Transform Vacant Building in Downtown San Diego into Class A Office Property
7/19/18
BOSA Development will redevelop a vacant building located at 777 Front Street in downtown San Diego into a new Class A, 162k sf office building. The building will be able to accommodate a variety of requirements ranging from...
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