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• Hines Global REIT II Picks Up 490k sf UT Campus
7/20/16
Hines Global REIT II Inc has acquired Cottonwood Corporate Center, a four-building, 490k sf office campus in the Salt Lake City submarket of Cottonwood, UT. The Class A complex, built between 1997 and 2000, was designed by Gi...
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• Commercial Real Estate Financing Briefs
7/19/16
BERKELEY POINT CAPITAL - Berkeley Point Capital recently closed a $32.9 mil, Low Income Housing Tax Credit Loan (LIHTC) for the phase 1 construction of the Las Cortes Apartment Community in Oxnard. The 144-unit community will...
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• Ultra-Luxury Senior Living Project Breaks Ground in Laguna Niguel
7/15/16
Work has started on Crestavilla, a $100 mil, senior living project in Laguna Niguel. The ultra-luxury retirement community will provide an array of services comparable to a five-star hotel.
Crestavilla is being developed by...
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• Archway Holdings and 3D Investments Buy 79k sf Century City Office Asset
7/14/16
A joint venture of Archway Holdings and 3D Investments has acquired a 79k sf, Class A office building in West Los Angeles from Kennedy Wilson for $36 mil ($455/sf). The high-profile building is strategically located at 10390 ...
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• Upscale Res Project in Ladera Heights about to Break Ground
7/13/16
Strategic Legacy Investment Group is about to break ground on an upscale residential development in Ladera Heights. The 36-unit project, Knowlton Luxury Residences, is located at 6944 Knowlton Place, just south of Centinela A...
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• Historic Office Property in Downtown Orange Trades for $500/sf
7/13/16
Old Towne Orange Plaza Square, an 8.9k sf, historic office building commonly known as the “Swift & Swift Building,” sold for $4.45 mil, which works out to $500/sf. The two-story building was sold by Swift & Swift, a full-ser...
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• Metro Commercial Realty Obtains $21 Mil in Financing on Two Portland Gym Properties
7/13/16
CBRE Capital Markets’ Debt & Structured Finance team has secured $21.2 mil in non-recourse financing for two prime located retail/gym properties; the 24 Hour Fitness in Portland’s burgeoning downtown Pearl District and the 24...
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• Transpacific Development Company Buys 1.44 msf Distribution Facility in Texas
7/12/16
Torrance-based Transpacific Development Company (TDC) closed on a large industrial buy in Texas, acquiring a 1.44 msf, Class A distribution building in Fort Worth, which was developed and is occupied by DHL Supply Chain. The ...
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• Redwood Capital Advisors Picks Up 220-Unit Res Asset in Colorado
7/07/16
Redwood Capital Advisors has acquired Newport Village, a 220-unit rental community situated at 8901 Colorado Blvd in Thornton, CO. The asset was sold by Seagate Newport Associates LLC. The property is located fifteen minutes ...
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• Trio of Self-Storage Sales Total Over $30 Mil
7/07/16
We’ve three separate self storage transactions to report. The deals, totaling $30.1 mil in value and 260k sf in total space, took place in San Diego County, Texarkana, TX, and Phoenix.
In San Marcos, near San Diego, Barker...
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• Lease Activity Update from Seattle-Area Warehouse Complex
7/06/16
We’ve got two leases totaling 21.7k sf to report at The Park at Woodinville, a five-building, Class A warehouse complex in the Seattle-adjacent Eastside industrial market. The deals include a new lease for 9k sf by Advanced P...
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• Draftsmen & Craftsmen
7/06/16
Klorman Construction recently installed cast in place pile foundation for the new Passenger Boarding Bridges system in Terminal 2 at LAX, part of a major overhaul and renovation program of Terminal 2 designed to significantly...
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• Shadow-Anchored Retail Center in Colton Trades for $200/sf
7/06/16
Centrepointe Plaza, a 109k sf shopping center in Colton, CA, traded hands for $22 mil ($202/sf) in a recent sale. The property is located at 1040 S Mt Vernon Ave, south of I-10 and just west of I-215.
Originally constructed ...
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• Balboa Peninsula Boutique Hotel Project Breaks Ground
7/05/16
R.D. Olson Development has broken ground on its latest hotel development: the 130-room Lido House, a much anticipated boutique hotel to be situated on more than four acres on the former Newport Beach City Hall site. The City ...
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• Woodside Health/Crescendo Commercial Buys 70k sf Medical Office Property in Arizona
7/05/16
Woodside Health/Crescendo Commercial recently closed on the acquisition of Arrowhead Medical, an 11-building, 69.9k sf complex of all single-story buildings in Glendale, AZ, in a $10.94 mil deal. The asset is located at 7200 ...
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• CBRE Arranges $250 Mil for Becknell Industrial Portfolio
7/01/16
Michael Riccio, Susan Larkin, and Anna Pfau of CBRE’s Capital Markets’ Debt & Structured Finance team have arranged a $250 mil loan for the Becknell Industrial Portfolio.
The competitively priced, floating rate loan was arra...
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• Draftsmen & Craftsmen
6/30/16
Klorman Construction has been chosen by McCormick Builders to design a 525-vehicle parking structure for the 800 South Flower St. office building in Burbank.
Woodland Hills-based Klorman will oversee and manage the construct...
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• The Bascom Group and Village Partners Team Up in Development Venture
6/30/16
Two Orange County-based real estate firms, The Bascom Group LLC and Village Partners Inc, have formed a joint venture called Village Partners Ventures LLC. Village Partners Ventures will target transit-oriented and mixed-u...
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• New 118-Room Residence Inn by Marriott Breaks Ground in Goleta
6/29/16
R.D. Olson Development and Joseph Martelli Real Estate Investments Inc have broken ground on a 118-room Residence Inn by Marriott hotel development in Goleta. The project is located on a 3.81-acre parcel at 6350 Hollister Ave...
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• F4 Transbay Partners LLC Acquires Final Remaining Tall Building Site in Downtown San Francisco
6/27/16
F4 Transbay Partners LLC (F4), a joint venture of Hines, Urban Pacific Development LLC and Broad Street Principal Investments L.L.C., an affiliate of Goldman Sachs, have acquired Transbay Parcel F from the Transbay Joint Powe...
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