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• FedEx Distribution Property in Oregon Trades in $16 Mil Deal
12/06/17
A 91.7k sf, distribution warehouse in the Medford, OR submarket of Central Point has sold for $15.9 mil ($173/sf). The building is fully leased to FedEx Ground, the fastest-growing division of FedEx Corporation and one of the...
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• Furniture Manufacturer Buys Inland Empire Distribution Facility
12/05/17
Parker House Furniture has acquired a 271.1k sf industrial building in Eastvale, CA for use as one of the compay’s distribution facilities. Located at 6300 Providence Way, the warehouse is part of The Campus development, whic...
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• Equity Awards Office Leasing Assignment for The HC |Hughes Center® to CBRE
12/04/17
Equity Office has awarded the office leasing assignment for The HC |Hughes Center®, a 68-acre master-planned office campus in Las Vegas, to CBRE, with a team that includes Darren Lemmon, Amy Lance and Justin Witt. The asset ...
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• San Diego Area Retail Property Traded in $10 Mil Deal
12/04/17
San Diego-based Becker Properties LLC bought Riverdale Shopping Center, a 66.4k sf, neighborhood retail center in San Diego’s Mission Gorge submarket, for $10.1 mil ($152/sf). It was sold by a partnership advised by San Diego...
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• Touchstone Communities Buys Former Agricultural Site in North San Diego County for New Mixed-Use Community
12/04/17
Touchstone Communities has acquired 75 acres of former agricultural land in San Diego’s Valley Center region. The buyer plans to use the land to develop a brand new mixed-use residential community, known as Park Circle, which...
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• Hardwoods Specialty Products Leases 147k sf Inland Empire Facility
12/01/17
Hardwoods Specialty Products agreed to a 10-year lease for a 147k sf full building in the Inland Empire. The facility is located at 17610 Harvill Ave in Perris, within Harley Knox Logistics Center. The deal value was not disc...
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• Parking Structure at Fisherman’s Wharf in San Francisco Trades
11/30/17
Stockdale Capital Partners has purchased the 241-stall parking garage at San Francisco’s historic Fisherman’s Wharf. The highly-coveted structured parking garage, located at 350 Beach St, was sold by a private family investor...
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• Cumberland Holdings Pays $78k/Unit for WA Res Property
11/28/17
Cumberland Holdings has purchased Hawaiian Village Apartment Homes, a 192-unit community in Kennewick, WA, for $15 mil ($78k/unit). The property is located at 1105 W 10th Ave, east of Hwy 395.
Built in 1980, Hawaiian Village...
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• Commercial Condo in Seattle Sells for over $500/sf
11/28/17
A 32.4k sf, four-tenant commercial condo asset in Seattle has sold for $17.75 mil ($548/sf). The property, 500 Mercer, is located in the Lumen Building, a full city block mixed-use project on the corner of 5th Ave and Mercer ...
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• NewMark Merrill Companies Picks Up 259k sf Retail Property in the Sacramento Area
11/27/17
NewMark Merrill Companies has acquired Madison Marketplace, a 259k sf shopping center located at the South-West Corner of Madison Ave and Hazel Ave in the CA city of Fair Oaks, about 15 miles northeast of Sacramento. The pric...
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• USC’s Marshall School of Business and Price School of Public Policy Wins NAIOP SoCal USC vs. UCLA Real Estate Challenge
11/22/17
Now celebrating its 20th anniversary, the NAIOP SoCal USC vs. UCLA Real Estate Challenge is a commercial real estate industry tradition bringing together graduate student teams from the Ziman Center of Real Estate at UCLA’s A...
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• Olivaceous Pays $348/sf for 14k sf Downtown LA Industrial Building
11/22/17
Olivaceous Inc, a Los Angeles-based garment manufacturer, has purchased a 13.8k sf industrial building on just over 20k sf of land in Downtown Los Angeles for $4.8 mil. The property was sold by Bradley J. Blahut of Los Angele...
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• Menlo Equities Lands $64.5 Mil in Financing on TX Office Campus
11/21/17
Menlo Equities has obtained $64.45 mil in financing for Amber Oaks, a 543.5k sf, nine-building, Class A office campus in Austin, TX. The campus is 93% leased to tenants including Oracle, Office Depot, AECOM and Toshiba Americ...
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• Pathfinder Partners Adds 140 Units to Its Denver Area Res Portfolio
11/20/17
San Diego-based Pathfinder Partners recently closed on its seventh Denver-area multifamily buy, paying $22 mil for Quail Ridge Apartments, a 140-unit ($157k/unit) multifamily community in Thornton. The property, located at 50...
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• Davlyn Investments Picks Up 88-Unit Res Asset in Simi Valley in $24 Mil Deal
11/16/17
In Simi Valley, Davlyn Investments bought Colony, an 88-unit, luxury, Class A multi-family community, in a $24.25 mil ($275.5k/unit) transaction. Colony will be rebranded “1750 on First” by the new ownership.
Davlyn views th...
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• New 12-Story LAX Hotel Development Completed
11/16/17
Construction has been completed on H Hotel, a 12-story, 260k sf project located adjacent to Los Angeles International Airport (LAX). The dual-brand hotel – a development of Seaview Investors -- is comprised of Homewood Suites...
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• Bascom San Francisco Refinances Renovated Alhambra Multifamily Property
11/14/17
Bascom San Francisco has refinanced its fully renovated LUXE 1801 Apartment Homes, a 109-unit, garden-style apartment community in the San Gabriel Valley city of Alhambra. The new $21.4 mil loan was arranged by Talonvest Capi...
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• Prime Development Land in Anaheim’s Platinum Triangle Trades
11/13/17
Pacific Industrial has acquired an 8.5-acre land site in Anaheim for $14.57 mil. The property is located at 2222 East Howell Ave, north of Katella Ave and west of the 57 Fwy.
The site, which lies within the boundaries of Ana...
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• Commercial Real Estate Financing Briefs
11/10/17
HIGHLAND REALTY CAPITAL - Highland Realty Capital arranged a $21.825 mil permanent loan for the 5th Street Public Market in Eugene, OR on behalf of a Eugene-based client. The loan was funded by a CMBS provider. The proceeds w...
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• Hines to Develop Upscale Res Project with San Antonio’s The RIM
11/08/17
Hines will develop a four-story, 380k sf luxury multifamily project within The RIM retail power center in San Antonio. The development will be Hines' first multifamily project in San Antonio and its eighth in Texas.
Loca...
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