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• Legacy Partners to Completely Renovate a 209-Unit Res Property in West Covina
5/16/17
Legacy Partners is about to undertake a complete renovation of The Verandas, a 209-unit, 180k sf apartment community in West Covina. Legacy Partners, who has owned and managed the property since 2007, recently received Depart...
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• Diamond Bar Office Property Listed for Sale
5/16/17
We’ve learned of an LA-area office property that just hit the market -- Gateway Corporate Center, a two-story, 87.4k sf institutional-quality suburban office building in the San Gabriel Valley city of Diamond Bar. There is no...
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• Hines to Develop 135-Acre Mixed-Use Project in Allen, TX
5/12/17
Hines has announced plans for a new 135-acre corporate campus and mixed-use development in Allen, TX, to be called The Strand. Master-planned by Gensler, The Strand is located at 121 and Alma in Allen. It is being developed i...
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• Office and Retail Building in LA’s Brentwood Area Sells for Over $1,000/sf
5/09/17
Coral Tree Properties LLC paid $10.65 mil ($1,088/sf) for a 9.8k sf mixed-use property in West Los Angeles’ upscale community of Brentwood. The buyer intends to use most of the property as offices for their business.
The ret...
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• CO Hotel Property Sells for $9.7 Mil
5/08/17
Holiday Inn Express & Suites Gunnison, a 107-room hospitality property located in Gunnison, CO, sold for $9.72 mil, ($90.8k/room).
Holiday Inn Express & Suites Gunnison is located at 910 East Tomichi Ave, adjacent to Wester...
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• First Phase of El Centro Luxury Res Development Completed
5/05/17
The first phase has been completed at Town Center Villa, a new, 240-unit luxury res community located at 2100 North 10th Street in El Centro. Phase one, valued at $12 mil, consists of 84 newly completed units available now fo...
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• Mostly Vacant Retail Center in Upland Sells for $121/sf
5/03/17
Upland Village, a 153k sf shopping center in Upland, was acquired by Laguna Beach-based Wood Investments Inc for $18.5 mil ($121/sf). The property, located at the intersection of Euclid Blvd and Foothill Blvd, was only 10% oc...
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• Transwestern Awarded Leasing Assignment for TX Office Property
5/02/17
The leasing assignment for Oak Park Office Center III, a 151k sf office property in Houston’s Westchase submarket, was awarded to Transwestern. The building, located at 6001 Rogerdale, is owned by111 Realty OPO LLC.
Oak Park...
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• The Bascom Group Spends $14 Mil on Torrance Multifamily Property
4/28/17
The Bascom Group has acquired Harvard Villa Apartments, a 64-unit, infill apartment community in the LA South Bay city of Torrance, for $14 mil ($219k/unit). Bascom views Harvard Villa as a strong value-add opportunity, and p...
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• Commercial Real Estate Financing Briefs
4/28/17
PACIFIC SOUTHWEST REALTY SERVICES – Mike Thorp of Pacific Southwest Realty Services arranged $29 mil in financing on a 75.6k sf retail center in Goleta. Newly constructed in 2016, the center is comprised of five multi‐t...
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• Shamina Investments Buys 53-Room Claremont Hotel Westwood
4/27/17
West Hollywood-based Shamina Investments recently purchased the Claremont Hotel Westwood, a 53-room hotel property in Los Angeles’ upscale Westwood neighborhood. Shamina plans to move forward with an extensive renovation of t...
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• Harrison Street Real Estate Capital Buys 1.4 msf Self-Storage Portfolio
4/27/17
Harrison Street Real Estate Capital LLC recently acquired a portfolio of 15 self-storage properties located in California, Arizona, Colorado and Minnesota. The price was not disclosed.
The Trojan Self Storage Portfolio encom...
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• Office/Industrial Asset in Carlsbad Trades for $175/sf
4/26/17
A high net-worth 1031 exchange buyer purchased a 64.2k sf creative office/industrial asset in Carlsbad for $11.25 mil, or $175/sf. The property, located at 5858 Dryden Place, was 98% leased by 44 tenants.
The facility inclu...
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• Cushman & Wakefield to take Two Full Floors at Wilshire Grand Center
4/26/17
Global real estate services firm Cushman & Wakefield has signed a long-term lease at the world-class Wilshire Grand Center, the new, 2.1 msf commercial development in the heart of Downtown Los Angeles. The firm will occupy th...
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• Draftsmen & Craftsmen
4/25/17
Lifescapes International completed the landscape design for Trumark Urban’s TEN50, the new, luxury 25-story high-rise featuring 151 luxury residences in the heart of downtown Los Angeles. Located at 1050 S. Grand Ave in Downt...
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• GoPlus Corp Lease of 267k sf Facility Represents 2nd Major Signing in the Past 60 Days at Fontana Biz Park
4/24/17
GoPlus Corp, a major international import-export firm, has leased a 267k sf building at Vintage Park East Industrial Park in Fontana. The 63-month deal has a total value of $7.3 mil, or around $0.43/sf/mo.
The building that ...
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• New 140-Unit Project Announced for LA’s Arts District
4/21/17
A new mixed-use project is in the works for Downtown LA’s Arts District. The project, called 641, is being developed by local businessman Adam Lindemann and will be designed by Johnson Fain. It is located at the corner of Imp...
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• Bakersfield Starbucks Sells for $1,432/sf
4/19/17
A newly-constructed, single-tenant corporate Starbucks with a drive-thru located in Bakersfield has sold for $2.65 mil, which works out to a price of $1,432/sf. According to CoStar, this sale achieved a record low cap rate of...
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• Vista Office Asset Trades for $12.8 Mil
4/19/17
In a recent San Diego-area office trade, an unnamed buyer paid $12.8 mil for Paseo Palomar, a low-rise, 60.6k sf ($211/sf) office project in Vista. We’re told this transaction represents one of the highest per-square-foot pri...
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• Multi-Tenant Retail Asset in Katy, TX Fetches $547/sf
4/18/17
A newly developed, 8.5k sf multi-tenant retail property within Grand Crossing, a mixed-use development in Katy, TX, has sold for $4.65 mil, or $547/sf. Built in 2016, the property is situated on two acres of land at 23641 Kat...
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