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• Commercial Real Estate Financing Briefs
1/25/17
PARTNERS CAPITAL - Partners Capital has funded an $8 mil, cash-out refi on a 30k sf industrial building in downtown San Francisco. The sponsor is under contract to sell the building to a buyer who plans to redevelop the site....
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• NAIOP SoCal Names Its 2017 Executive Committee
1/25/17
NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, welcomes its 2017 Executive Committee and Board of Directors, encompassing a diverse collecti...
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• Tech Firms Take 37k sf of Space at Burbank Media District Office Building
1/25/17
There have been two recent leases by tech-related companies at 4000 West Alameda Ave, a six-story office building in Burbank’s Media District. The leases account for more than 37k sf of space and total about $12 mil in value....
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• Talonvest Capital Structures $36 Mil in Construction Loans on Self-Storage Properties
1/24/17
Talonvest Capital Inc recently structured and negotiated over $36 mil of construction loans for various self-storage owners. The financing assignments included a $13.35 mil ground up construction loan for the development of ...
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• Long Market Property Partners Invests Over $8 Mil in the East Bay Office Market
1/23/17
Long Market Property Partners closed on a Bay Area office buy, paying $8.45 mil for the Vintage Office Building, a three-story, 27.1k sf ($312/sf) building in the East Bay city of Orinda. The building is located at 25 Orinda ...
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• OnTrac Leases New 255k sf Facility at Sun Valley Business Center
1/23/17
OnTrac, a logistics company specializing in contracting regional shipping services in the Western United States, has inked a lease for a 255.5k sf logistics/warehouse facility currently under construction at the state-of-the-...
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• Brickstar Buys 60k sf Building in LA’s Little Tokyo Neighborhood
1/20/17
An affiliate of Brickstar Capital LLC has purchased a 60k sf, mixed-use building in downtown Los Angeles’ Little Tokyo neighborhood. The property, located at 120 S. San Pedro St, south of 1st St and west of Alameda St, was so...
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• Capstone Advisors Buys 98 Acres of Development Land in Reno, NV
1/20/17
Capstone Advisors recently acquired 98 acres of commercial and residential land known as Sky Vista in Reno, NV. The price was not given out.
Sky Vista consists of a 1.91-acre pad site immediately adjacent to an existing Wal...
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• Goldman Sachs & Co Entity Buys Phoenix Retail Asset
1/18/17
Bethany Towne Center, a 305.7k sf retail property in Phoenix, was purchased by an entity formed by Manhattan-based Goldman Sachs & Co in a recent $41.3 mil ($135/sf) transaction. The property, located at the northeast corner ...
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• CA-Based Investor Buys 275k sf Austin VA Outpatient Clinic
1/17/17
The Austin VA Outpatient Clinic, a 275k sf, freestanding outpatient clinic in Austin, TX, was purchased by an investor who is affiliated with The Innovation Institute, based in La Palma, CA. The sale represents the largest he...
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• Shopoff Realty Investments Buys In Newport Beach
1/17/17
Shopoff Realty Investments has acquired a three-story, 44.4k sf office building located at 4440 Von Karman Ave, between MacArthur Blvd and Jamboree Rd in Newport Beach, for $15.4 mil ($347/sf). The property was purchased with...
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• Community Preservation Partners Purchases 179-Unit Senior Housing Property in Anaheim
1/16/17
Community Preservation Partners (CPP) has acquired the Miracle Terrace Apartments, a 179-unit, seniors affordable housing property in Anaheim, in a $53.5 mil joint venture with nonprofit Jamboree Housing.
CPP purchased the 4...
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• Seal Beach’s Bay Theatre Sold in Recent $2 Mil Deal
1/12/17
The iconic Bay Theatre in Seal Beach has traded hands in a recent sale valued at $2.1 mil. The single-screen theater, located at 340 Main St and the Pacific Coast Hwy, was purchased by Dunlap Property Group.
The theater has...
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• American Realty Advisors and Unico Properties LLC Close on 385k sf Portland Office Buy
1/11/17
Congress Center, a 23-story, 385k sf high-rise office tower in Portland, was acquired by a venture between American Realty Advisors and Unico Properties LLC. The price was not disclosed.
Built in 1980, the property has high...
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• The Bascom Group Buys 280-Unit Res Asset in San Antonio
1/11/17
In another year-end multifamily acquisition, The Bascom Group LLC has acquired the Redlands Apartments, a 280-unit, Class A apartment community located in the affluent Stone Oak submarket of San Antonio.
The property consis...
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• CBRE Group Acquires Software Solutions Service Firm Floored Inc
1/06/17
CBRE Group has acquired Floored Inc, a leading producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology, for the global commercial real estate industry. Floored gives CBRE’s ...
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• Steadfast Apartment REIT II Closes Third TX Apartment Buy
1/05/17
Steadfast Apartment REIT III Inc (STAR III) has closed its third acquisition, paying $44.5 mil ($174k/unit) for Canyon Resort at Great Hills, a 256-apartment-home community located in Austin, TX.
Built in 1997, Canyon Resort...
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• Summerlin Primed for another Big Year of Activity in 2017
1/04/17
After a record-setting 2016, the coming year’s expectations are high for activity at Summerlin, the 22.5-acre, master-planned community that spans the western rim of the Las Vegas valley at the foot of Red Rock Canyon. The co...
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• Berkeley Office Building Sells in $22 Mil Deal
12/29/16
Lionstone Investments has purchased a 49.4k sf office building in Berkeley in a recent transaction said to be worth just over $22 mil, or around $450/sf. The majority of the building, or about 42k sf, is occupied by anchor te...
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• The Bascom Group Closes on 90-Unit Las Vegas Res Buy
12/28/16
The Bascom Group LLC has just acquired Pebble Cove Apartments, a 90-unit, garden-style apartment community in Las Vegas, for $9.1 mil, or $101k/unit. The property is located at 5101 O’Bannon Dr, west of Decatur Blvd and north...
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