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• Tower 16 Capital Partners and Henley USA Buy 228-Unit Res Asset in Las Vegas
5/31/18
San Diego-based Tower 16 Capital Partners and Henley USA have partnered to launch Altura, a new brand of multifamily apartment communities in Las Vegas. The partnership made their first acquisition last month, a 228-unit Clas...
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• Merlone Geier Partners Spends $30 Mil on Value-Add OC Retail Buy
5/30/18
Merlone Geier Partners has acquired College Plaza Shopping Center in Fullerton from a private investor for $29.7 mil. The 77.3k sf retail property is located at 2400-2520 East Chapman Ave, just west of the 57 Fwy.
Constructe...
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• CREXi Secures $11 Mil Series A Investment
5/29/18
CREXi, a leading marketplace and technology platform for the commercial real estate industry, has obtained $11 mil in Series A financing. The round was led by Jackson Square Ventures. Other investors in the round included Man...
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• AZ Student Housing Property Purchased in $17.5 Mil Deal
5/29/18
March Investment LLC, an entity formed by Phoenix-based Clear Sky Capital, purchased University Villa at Ironwood, a 140-unit student housing property located just west of the University of Arizona campus in Tucson for $17.45...
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• 60-Year-Old Apartment Property in Costa Mesa Sells for $400k/Unit
5/23/18
Casa Del Mar, a 16-unit apartment building in Costa Mesa, was purchased by a local syndication investor and management company for $6.4 mil, or $400k/unit. The property, located at 147 East 18th St, just east of the 55 Fwy by...
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• Leasing Assignment for 500k sf Oxnard Office Campus Goes to Lee & Associates
5/22/18
Topa has awarded the leasing assignment for The Campus at Topa Towers in Oxnard to Lee & Associates-LA North/Ventura. Lee’s David Kim, Cory Richmond and Jared Smits are handling the listing.
The Campus at Topa Towers, a 500...
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• Premier Business Centers Hires Michael Pollack as Vice President/Director of Real Estate
5/21/18
Michael Pollack has been named Vice President, Director of Real Estate for Premier Business Centers, the Irvine-based flexible workspace operator.
Pollack will be handling all new location acquisitions and renewals, as well ...
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• City of Industry Facility Fits Just Right for Glove Manufacturer’s Relocation Needs
5/21/18
Austin Pang Gloves Mfg (USA) Corp has purchased a newly constructed, 72.3k sf building in the City of Industry for $13.4 mil ($185/sf). The facility is located within CT Industry Center, at 17343 Freedom Way, just east of Azu...
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• Dominion Mortgage Corporation Wraps Up One of Its Best 12-Month Periods in 40 Years
5/18/18
Dominion Mortgage Corporation, the 40-year-old, national real estate loan provider, has just completed one of its most successful 12-month periods in the company’s history.
Established in 1977, Dominion Mortgage Corporation...
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• San Jose Office Campus Lands $71 Mil Refi
5/17/18
A Rockwood Capital and Four Corners Properties joint venture has obtained refinancing of $71.5 mil on The Junction at Montague, a four-building, 262.1k sf office/R&D campus they own in North San Jose.
Located at 2520, 2560, ...
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• LBA Realty Makes $20 Mil Buy of Inland Empire Industrial Asset
5/16/18
LBA Realty has purchased a fully leased, Class A core industrial building totaling 155.1k sf on nearly seven acres in Riverside for $20.2 mil ($130/sf). Built in 2007, the state-of-the-art facility is located at 1100 E. Citru...
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• Silicon Valley Office Buy Financed with $41 Mil Bridge Loan
5/15/18
Vahe Tashjian of Dutchints Development has purchased a 71k sf office asset in the Silicon Valley from an institutional seller. Although the actual price was not given out, we do know that the deal was financed with a $41 mil ...
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• Dalfen America Starts Work on 115k sf Spec Industrial Facility in Texas
5/15/18
Dalfen America Corp has started construction on the McKinney Fulfillment Center, a Class A, spec industrial facility in McKinney, TX that will contain 115.2k sf of space. The building is located near the crossroads of US-75 a...
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• Grocery-Anchored Center in Vegas Trades for $15 Mil
5/14/18
Tropicana Marketplace, a 69.4k sf, Smith’s-anchored shopping center in Las Vegas, has sold for $15 mil ($216/sf). The property, located at 6120-6180 W. Tropicana Ave, was sold by Houston-based Weingarten Realty.
Anchored by ...
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• Second Phase Completed at 276-Unit Westminster, CO Res Development
5/10/18
Phase II of Legacy on the Promenade, a multi-phase, 276-unit residential project in Westminster, CO, has been completed. The 37 finished units that comprise Phase II have an average size of 923 sf.
This phase also features ...
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• Private Investor Buys Single-Tenant Industrial Asset in Texas
5/09/18
A private investor from San Francisco paid $5.63 mil for a 96k sf ($59/sf) industrial property in San Antonio, TX. The buyer had sold a Walgreens-occupied property in Texas to trade into this well-located industrial building ...
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• Las Vegas Office Building Sells for $13.5 Mil
5/09/18
A 41.2k sf office property in Las Vegas sold in a recent transaction worth $13.5 mil, or $328/sf. The property, located at 11500 Southern Highlands Pkwy, was purchased by Tokyo-based ASO Nevada LLC.
Southern Highlands Prepar...
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• Berkeley R&D Complex Trades in $17.5 Mil Deal
5/08/18
A three-building, 48k sf R&D property in Berkeley sold for $17.5 mil ($365/sf). The complex is situated on nearly three acres of land at 600-630 Bancroft Way, on the banks of Berkeley’s Aquatic Park.
The fully leased complex...
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• Commercial Real Estate Lending Markets Remain Robust in the First Quarter of 2018
5/08/18
Commercial real estate lending markets remained strong in Q1 2018 despite recent financial market volatility, with healthy loan production volumes and favorable credit spreads, according to the latest research from CBRE.
Th...
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• Brixton Capital Buys 216-Unit TX Res Asset
5/07/18
Brixton Capital purchased the Sawgrass Apartments, a 216-unit multifamily property in Corpus Christi, TX. The property, located at 6301 Meadowvista Dr, marks Brixton’s second acquisition of 2018. The price was not disclosed.
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