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• Private Investor Buys Two Self-Storage Facilities in Silicon Valley
7/19/18
A private, high net worth family seeking to expand its portfolio purchased two institutional quality self-storage facilities in Silicon Valley’s Los Gatos submarket. The price was not disclosed.
The two facilities, located a...
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• Vista Investment Group Affiliate Acquires Leasehold Interest in Santa Monica Business Complex
7/18/18
An affiliate of Vista Investment Group has acquired from Redwood Partners Inc the leasehold interest in Media Park Santa Monica, a 101.4k sf creative office campus in Santa Monica’s Media District. The deal value was not give...
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• Cypress West Partners and MedProperties Holdings buy 50k sf Phoenix Office Asset
7/18/18
Cypress West Partners has acquired a 50k sf, Class A medical office building in Phoenix in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm headquartered in Dalla...
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• Canyon Partners LLC Closes Real Estate Debt Vehicle with $450 Mil in Commitments
7/13/18
Canyon Partners LLC closed a real estate debt vehicle with over $450 mil in total commitments. The Canyon Partners Real Estate debt platform is focused on the origination of senior and subordinate debt investments secured by ...
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• Dominion Mortgage Corporation Funds Challenging $14 Mil Take-Out Loan on Medical Facility
7/13/18
West Los Angeles-based Dominion Mortgage Corporation has provided a $14 mil loan on a medical center property located within a Georgia resort community. The financing was used to reimburse the sponsor for the building costs s...
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• AZ Retail Center Fetches $16.6 Mil
7/12/18
Plaza at Power Marketplace, a 71k sf shopping center in Queen Creek, AZ sold for $16.6 mil ($234/sf). The property is located at 7225 S. Power Rd and 18490-18550 E. Rittenhouse Rd, near the Arizona State University Polytechni...
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• Long Beach Multifamily Sale Tops $50 Mil
7/12/18
In a Long Beach multifamily buy, Emeryville-based based HFH Limited paid $50.8 mil for Patio Gardens, a 127-unit apartment community located at 4874 East Los Coyotes Diagonal, in the Traffic Circle neighborhood of Long Beach....
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• Flex/Office Campus in South San Francisco Sells to SFF Realty Fund III in a $47.5 Mil Deal
7/11/18
SFF Realty Fund III, an affiliate of San Francisco-based PSAI Realty Partners, purchased Dubuque Center, a three-building, 112k sf flex/office/R&D campus in South San Francisco, for $47.5 mil ($424/sf). The property, located ...
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• Industrial Facility in L.A.’s Harbor Gateway Trades in $21 Mil Transaction
7/10/18
CenterPoint Properties, an Illinois-based real estate investment company, paid $21 mil for a 125.8k sf ($167/sf) industrial facility in Los Angeles’ Harbor Gateway area. Located at 13217 South Figueroa St, south of El Segundo...
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• Work Started on Upscale West Hollywood Res Project
7/09/18
Darmos Properties has begun construction on Kings 838, a 37k sf, luxury apartment complex located at 838 N. Kings Rd in West Hollywood. The property, situated in the heart of West Hollywood near the Melrose Ave Shopping Distr...
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• TA Realty Buys 249k sf AZ Industrial Asset
7/09/18
TA Realty LLC has purchased Tempe Distribution Center, a fully-leased, 248.8k sf industrial property in Tempe, AZ. The price was not disclosed.
Tempe Distribution Center is located on 13 acres at 6718 S. Harl Ave and 9230 S....
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• Ohio Investor Pays $16.5 Mil for AZ Medical/Office Campus
7/06/18
Arrowhead Professional Center, a 70.7k sf medical and professional office campus in Glendale, AZ, was acquired by Woodside Health of Cleveland, OH in a $16.5 mil ($233/sf) transaction. The asset was sold by YAM Properties, ou...
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• AZ Biz Campus Acquired in $14.25 Mil Buy
7/05/18
Dunbar Real Estate Investment Management bought Mill Avenue Business Park, a 134.9k sf business campus in Tempe, AZ, for $14.25 mil ($105/sf). The property, located at 40 E. Baseline Rd, 5030 S. Mill Ave and 5005-5025 S. Ash ...
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• Rexford Industrial Realty Purchases 123k sf Facility in Pacoima
7/05/18
Rexford Industrial Realty has closed on another SoCal industrial buy, paying $22.5 mil for a 122.9k sf ($183/sf), single-tenant property in the northeastern San Fernando Vallery community of Pacoima. The acquisition was funde...
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• Pathfinder Partners Buys 125-Unit Multifamily Property in the Seattle-Tacoma Area
7/05/18
Pathfinder Partners has purchased Astoria Apartments, a 125-unit multifamily community located in the Seattle-Tacoma metro area, for $18 mil, or $144k/unit. Built in 1982, the community is situated on 5.7 acres at 5700 23rd S...
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• West L.A. Apartment Property near Downtown Culver City Trades for $559k/Unit
7/02/18
The Culver, a four-story, 28-unit Class A luxury apartment complex in the Culver City/Palms neighborhood of Los Angeles, sold for $15.65 mil, or $559k/unit. Built in 2006, The Culver is located at 3325 South Canfield Ave, adj...
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• Dierks Bentley’s Whiskey Row Sells for $587/sf
6/27/18
Dierks Bentley’s Whiskey Row, a 13.8k sf restaurant/bar property in Gilbert, AZ, sold for $8.1 mil ($587/sf). Dierks Bentley’s Whiskey Row will continue to operate with a long term lease in place.
Completed in 2017, the Die...
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• Walker & Dunlop Named as a Seller/Servicer in Freddie Mac’s New Single-Family Rental Pilot Program
6/26/18
Walker & Dunlop Inc has been approved as a Seller/Servicer under Freddie Mac’s Affordable Single-Family Rental (“SFR”) pilot program, which is intended to offer additional financing options for workforce and affordable rental...
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• Commercial Real Estate Financing Briefs
6/25/18
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
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• New Starbucks near USC Sells for over $2,000/sf
6/25/18
A newly built, single-tenant corporate Starbucks with a drive-thru located in Los Angeles has sold for $3.54 mil. The property, located less than one mile from the University of Southern California (USC) campus, traded at a c...
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