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June 16, 2024
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• Las Vegas Office and Retail Asset Fetches Over $18 Mil
10/29/15
In a recent investment comp from Las Vegas, a 53.7k sf office and retail property changed hands at a price of $18.4 mil, or $343/sf. The property, known as Fort Apache Commons, was 100% leased at the close of escrow. Fort Ap...
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• 82-Unit OR Res Property Trades Hands for $15.5 Mil
10/28/15
Pacific Urban Residential has acquired The Mark at Lake Oswego, an 82-unit, garden-style multi-housing community in Lake Oswego, OR, a southern suburb of Portland. The asset was sold by FPA MultiFamily LLC in a $15.5 mil ($18...
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• Fred Sands Passes Away
10/26/15
Fred C. Sands, the visionary founder of Fred Sands Realtors and Vintage Capital Group, died unexpectedly on Friday, October 23. He was 77. Fred Sands and California real estate were synonymous for decades. Born in New York C...
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• Premier Business Centers to Offer New Concierge Service to Its Clients
10/23/15
Premier Business Centers, the largest privately owned executive suite operator in the US, has teamed up with Portero Concierge Inc to launch Premier Concierge Service. Powered by Portero, Premier Concierge Service will provid...
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• RiverRock Real Estate Group and Voit Real Estate Services Form Strategic Alliance
10/23/15
RiverRock Real Estate Group and Voit Real Estate Services have formed a strategic alliance. The arrangement calls for RiverRock to serve as Voit's preferred provider of property management services throughout Southern Califor...
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• Meridian Closes $6 Mil East Bay Medical Office Buy
10/22/15
Meridian has acquired a 19.2k sf, medical office building in Oakland for $6 mil ($312/sf) in an off-market transaction. The building, located at 380 W. MacArthur Blvd, west of Broadway and north of I-580, was sold by BIC Oakl...
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• Development of Luxury Res Tower in San Diego’s Bankers Hill Neighborhood to Move Forward
10/21/15
Zephyr Partners and LLJ Ventures have obtained $39.7 mil in new joint venture equity financing for development of The Park, a planned 13-story, 60-unit for-sale condominium project in San Diego’s affluent Bankers Hill neighbo...
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• Cohen Financial Arranges Over $100 Mil in Three Multifamily Loans for a Single Borrower
10/21/15
Cohen Financial has arranged three financings totaling $106.29 mil for a San Francisco-based multifamily commercial real estate owner/investor. One of the deals was a $39.5 mil refi loan on a portfolio of four properties. Th...
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• Draftsmen & Craftsmen
10/20/15
Woodland Hills-based Klorman Construction has been selected to provide the structural concrete work on drug maker Gilead Science Inc’s planned 400k sf, corporate office and manufacturing facility in La Verne. Rudolph and Sle...
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• Cohen Financial Arranges Over $11 Mil in Financing on a Trio of Portland Properties
10/19/15
Cohen Financial’s Peter Norrie secured $11.5 mil in long-term, fixed-rate loans for two office properties and a self-storage facility located in Portland, OR. In one of the deals, Cohen arranged a $5.2 mil loan for Willamet...
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• Historic Hollywood Res Building Sells for $25 Mil
10/16/15
Gershwin Apartments, a 163-unit apartment community in Hollywood, was purchased by Massie Capital and Glenn & Shannon Dellimore for $25 mil. Built in 1927, the historic five-story brick building is located at 5533 Hollywood B...
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• Sterling Organization Pays Nearly $16 Mil for Oceanside Retail Center
10/15/15
Sterling Organization has purchased Oceanside Town & Country Shopping Center, an 87.7k sf retail center in Oceanside, for $15.7 mil, or $179/sf. The property is located at 1715 Oceanside Blvd, at the interchange of the I-5 Fw...
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• HFF Arranges $25 Mil on WA Retail Center
10/12/15
Pine Tree Commercial Realty LLC has obtained $24.8 mil in financing for Hazel Dell Towne Center, a 264.2k sf retail center in Vancouver, WA. Situated on 41.7 acres, Hazel Dell Towne Center is visible from Interstate 5, whic...
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• Dedeaux Properties Completes $12 Mil LA-Area Industrial Buy
10/12/15
In a recent LA-area industrial buy, Dedeaux Properties purchased eight industrial buildings totaling 121.2k sf in Santa Fe Springs for $12.5 mil ($103/sf). The buildings, located near the 5, 91 and 605 freeways, were sold by ...
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• Draftsmen & Craftsmen
10/09/15
Construction has been completed on the new offices of United Mechanical Inc, located at 815 Atlantic Ave, east of Constitution Way in Alameda. Ware Malcomb provided interior design services for the project. United Mechanic...
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• Hackman Capital Partners Picks Up 94k sf Campus in Inglewood
10/07/15
LA-based Hackman Capital Partners LLC has acquired 8911 Aviation Blvd, a four-building, 93.8k sf campus in Inglewood. The property is located south of Manchester Ave and west of the 405 Fwy in the Los Angeles International Ai...
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• Inside the Spruce Goose Hangar
10/06/15
By Allen Wolfsheimer Here’s a shot of how the interior of the former Howard Hughes’ Spruce Goose hangar looks today. The structure is part of The Ratkovich Company’s (TRC) Hercules Campus at Playa Vista, a 28-acre, 530k sf o...
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• Trion Properties Wraps Up Second Portland Multifamily Buy Within Three Months
10/06/15
LA-based Trion Properties has acquired Spring Garden, a 44-unit apartment community in Portland, OR, for $4.45 mil ($101.1k/unit). The property is located at 2222 SW Spring Garden St, just south of Multnomah Blvd and adjacent...
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• Carbon3D Inks Lease for 87k sf Redwood City Facility
10/06/15
Carbon3D Inc signed a long-term lease for 87k sf in Redwood City that represents the city’s largest new industrial lease in recent history. The facility is located at 1089 Mills Way, east of Woodside Rd and adjacent to the so...
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• Prologis Buys 428k sf Industrial Facility from CapRock Partners
10/02/15
Global industrial REIT Prologis has just acquired a 428.2k sf, state-of-the-art building in Rialto from CapRock Partners. The facility, located at 1508 West Casmalia St, north of the 210 Fwy and east of I-15, was just complet...
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