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• Carlsbad Biotech/Office Asset Purchased for $19 Mil
11/01/16
Faraday Research Center, a 65.8k sf, biotechnology/creative office building in Carlsbad, was purchased by an unnamed Los Angeles investor for $19 mil, or $289/sf. The single-story, Class A building was sold by Alvarez & Marsa...
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• Stirling Capital Investments Completes 448k sf Industrial Facility at Its Southern California Logistics Centre in Victorville
10/31/16
Stirling Capital Investments has completed construction of Building 13B, a 447.7k sf industrial facility located at Southern California Logistics Centre (SCLC), a 2,500-acre commercial and industrial complex entitled for 60 m...
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• BKM Capital Partners Makes $20 Mil WA Industrial Buy
10/27/16
BKM Capital Partners bought Andover Executive Park, an eleven-building multi-tenant industrial business park encompassing 181.2k sf of space in the Kent submarket of Tukwila, WA. The asset was acquired in an off-market transa...
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• Commercial Real Estate Financing Briefs
10/25/16
GREYSTONE – Tom Meunier of secured a $31 mil, Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the permanent takeout of a construction loan on The Henry in Tacoma, WA. The loan is a 7/6 adjustable rate mortgage...
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• Investor Venture Buys Newport Beach Office Asset
10/25/16
Newport Irvine Center, a three-story, Class A, 76.8k sf office property in Newport Beach, was acquired by Newport Beach-based Cress Capital and New York-based C-III in a recent OC investment deal. The price was not immediatel...
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• First 100% Affordable Housing Project in the San Francisco Shipyard Opens to the Public
10/24/16
Pacific Pointe, the first 100% affordable housing development in the San Francisco Shipyard, has officially opened to the public. The 60-unit project is a development of Young Community Developers, a non-profit that serves th...
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• Community Preservation Partners Agrees to Below-Market Lease with SolarCity for Solar Power Installation at Colton Property
10/24/16
Community Preservation Partners (CPP) has agreed to lease 2.2 unused acres at its Arbor Terrace Apartments affordable housing community in Colton to SolarCity at a below-market rate for the installation of a solar power syste...
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• Sparks, NV Res Community Purchased for $14.25 Mil in Value-Add Play
10/21/16
A partnership between L5 Investments and Alamo Equities has acquired Marina Gardens Apartments, a 200-unit apartment community in Sparks, NV, for $14.25 mil ($71.3k/unit). The property is situated on 11.78 acres at 550 Howard...
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• Mixed-Use Center in Ontario Sells for $24 Mil
10/19/16
A 97.1k sf mixed-use property in Ontario sold for $23.95 mil, or $247/sf. The retail and service center is located at 2403 - 2455 S. Vineyard Ave, on both the north and south sides of the 60 Fwy.
Tenants at the property incl...
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• CBRE Arranges $56 Mil on TX Hotel Property
10/18/16
Presidio Companies has secured a $56 mil loan for the refinance of the 429-room Sheraton Fort Worth Hotel in Fort Worth, TX. Located at 1701 Commerce Street, The Sheraton Fort Worth features 429 accommodations-custom-designe...
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• Pathfinder Closes Two Phoenix Area Res Buys Totaling $34 Mil
10/14/16
San Diego-based Pathfinder Partners recently acquired two Phoenix-area multifamily communities totaling 300 units. The transactions, which were with separate sellers, total $34 mil.
In the larger buy, Pathfinder paid $25.6 m...
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• Inglewood Industrial/Flex Building Smells Good to Mike Diamond Plumbing
10/13/16
Mike Diamond Plumbing – yes, the “smell good” plumbers – has acquired a 13.3k sf, creative office/warehouse property in the Los Angeles area for $3.55 mil. The asset was sold by Stiletto Entertainment, the longtime management...
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• P.B. Bell Companies Secures $116 Mil in financing on Four AZ Res Properties
10/12/16
PB Bell Companies has obtained $116.4 mil in financing on four multifamily properties in Arizona. The properties were financed in two separate loans containing two properties per loan.
The first portfolio refinance consists ...
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• Coachella Industrial Property Purchased for Over $18 Mil by Exchange Investor
10/12/16
Perez Business Park, the largest multi-tenant industrial project in Cathedral City, was purchased for $18.36 mil by a private investor in a recent 1031 exchange transaction. The 212.5k sf ($86/sf) asset was sold by Global Pro...
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• Trion Properties Collects Over $25 Mil from Sales of Two Sacramento Area Res Properties
10/10/16
Trion Properties has repositioned and sold two multifamily communities in Sacramento in deals worth a combined $25.5 mil. The two dispositions include Sierra Village, a 185-unit garden-style apartment community, and Regalia C...
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• Stanton Road Capital Completes 250k sf Office Acquisition in Texas
10/07/16
In a recent Texas office buy, Stanton Road Capital LLC (SRC), through its affiliate, SRC Airport Owner LP, purchased Airport Centre I & II, a 251.2k sf property in the Dallas/Ft. Worth area. It was sold by Allegiancy Houston ...
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• Industry Icon John B. Kilroy, Sr Passes Away at the Age of 94
10/06/16
Click headline for LA Times obituary about the real estate legend
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• OC Office Campus Lands $33 Mil in New Financing
10/06/16
Hines and funds managed by Oaktree Capital Management L.P. have obtained $33 mil in financing for the Raytheon Office Campus, a three-building, 405.1k sf office property in Fullerton. The five-year, floating-rate loan was arr...
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• Marc D. Renard Promoted to Executive Vice Chairman of Cushman & Wakefield’s Capital Markets Group
10/06/16
Marc D. Renard has been promoted to Executive Vice Chairman of Cushman & Wakefield’s Capital Markets Group. Renard, who is based in C&W’s Downtown Los Angeles office, has consistently been recognized as one of the firm’s top ...
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• Omninet Capital LLC Buys 180k sf Ventura Office Asset from Equity Office Properties
10/05/16
Beverly Hills-based Omninet Capital LLC has purchased Center Promenade, a seven-building, 180.6k sf office campus in Ventura. The asset, situated adjacent to the Ventura County Government Center, provides a park-like setting ...
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