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• Law Firm Renews Denver Office Space
9/12/16
Robinson Waters & O’Dorisio P.C., a Denver-based law firm handling commercial real estate transactions, restructurings, finance, bond work and related litigation, renewed its 21k sf office space at Granite Tower in Denver. Te...
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• Work Started on 60k sf AZ Office Project
9/07/16
SunCap Property Group has begun construction of a 60k sf office building in the Gilbert Spectrum Business Park in Gilbert, AZ. This is the first of several planned buildings that SunCap is offering in the 63-acre park, locate...
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• Vista Investment Group Buys 276-Unit Res Property in LA’s Baldwin Hills Area
9/07/16
Vista Investment Group LLC has obtained $30.8 mil in financing for the purchase of Woodlake Manor, a 276-unit apartment property in Los Angeles’ Baldwin Hills neighborhood. The property, located at 4555 West Martin Luther Kin...
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• McCormick Construction Completes Trio of Parking Structure Projects in Burbank
9/06/16
McCormick Construction recently completed three Parking structure development projects, totaling 464.8k sf and 1,412 parking stalls in Burbank. The private structures will provide ample parking for employees of the Nickelodeo...
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• Walker & Dunlop Arranges $28.5 Mil Fannie Mae Refi Loan on 432-Unit Res Property in Mesa, AZ
9/06/16
Walker & Dunlop Inc structured a $28.55 mil Fannie Mae Moderate Rehab loan for Whispering Meadows, a 432-unit, garden-style apartment complex in Mesa, AZ. The financing utilizes the Fannie Mae Green Rewards program.
The...
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• Investor Pays Over $27 Mil for Sacramento-Area Multifamily Complex
9/01/16
Gold Ridge Apartments, a 268-unit, Class B apartment community located in the Rancho Cordova submarket of Sacramento, was acquired for $27.4 mil ($102k/unit) by a private investor in a 1031 exchange. It was sold by Oakmont Pr...
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• CPP Acquires 68-Unit Portland Asset in Firm’s First Oregon Deal
8/31/16
Community Preservation Partners (CPP) has closed on a $16.5 mil deal to acquire Plaza Townhomes, a 68-unit townhome complex in Portland, OR. The asset was purchased for $6.7 mil from Home Forward, the housing authority servin...
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• Hogan Lovells Takes 43k sf at Hines’ New Houston Office Tower
8/30/16
Hogan Lovells LLP has signed a 12-year lease for 43k sf of office space at 609 Main at Texas, the new downtown office tower developed by Hines. The deal value was not disclosed.
Located at the corner of Main and Texas street...
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• Former Walmart Building in the Inland Empire Sells for $4 Mil
8/30/16
A 127k sf, former Walmart building in the Inland Empire city of Perris sold for $4.05 mil ($32/sf) in an all-cash transaction. The buyer was a California-based private family investment entity.
The building, located at 2560...
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• Premier Business Centers to Open Its Fourth Location in Texas
8/29/16
Premier Business Centers® will be opening their fourth executive office suite location in Texas, and first in Allen, TX. This latest, 16.5k sf, location is within Allen Central Park, located at 700 South Central Expwy. It is ...
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• Construction Started on 257k sf Portland Industrial Project
8/24/16
PCCP LLC and Capstone Partners LLC have teamed to develop PDX Logistics Center III, a two-building, Class A industrial project totaling 257.1k sf of space in Portland. Situated on a 14-acre site, the project is adjacent to th...
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• Draftsmen & Craftsmen
8/24/16
Renovation of the Davidson Library at University of California, Santa Barbara (UCSB) has been completed. The $58.5 mil project was done by C.W. Driver Companies.
The project included the addition of a 62k sf, three-story bu...
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• AZ Office Complex Trades for $29 Mil
8/23/16
A partnership between Angelo, Gordon & Co, Douglas Allred Company and David Warren purchased a two-building, 250k sf office complex in Tempe, AZ for $29.3 mil, or $117/sf. The asset was sold by Cordia Capital Management.
The...
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• Shopoff Realty Investments Picks Up 29 Acres in Huntington Beach for Redevelopment
8/23/16
Shopoff Realty Investments has acquired 28.6 acres of land in Huntington Beach for redevelopment. The site, currently home to a former oil storage tank farm and pumping facility, sold for $26.5 mil.
The property, located at ...
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• Walker & Dunlop Structures $49 Mil in Three Freddie Mac Loans on Utah Student Housing Properties
8/22/16
Walker & Dunlop Inc recently structured three loans totaling $48.75 mil on Utah student housing facilities utilizing Freddie Mac financing. The loans were for The Lodges at Glenwood, Raintree Commons, and Cambridge Court, all...
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• Kenson Ventures Picks Up Palo Alto Development Site
8/18/16
Kenson Ventures purchased 2555 Park Boulevard, a fully entitled 14.4k sf development site in Palo Alto. With the potential to build up to 29.3k sf of Class A office, the site represents one of only a few new developments in P...
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• Legacy Partners and The Resmark Companies to Develop 168-Unit Res Project in San Diego’s Marina District
8/18/16
Legacy Partners and The Resmark Companies have teamed up to build a 168-unit res project in the highly desirable Marina District of downtown San Diego. Located at 372 4th Ave, adjacent to San Diego Bay, the five-story residen...
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• CIM Group Starts Work on 34-Story Res Tower in Downtown LA
8/17/16
CIM Group has commenced construction of a 34-story apartment tower with 6k sf of ground floor retail space and a public pocket park at 888 S. Hope St in downtown Los Angeles. The building is rising at the corner of 9th St an...
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• Commercial Real Estate Financing Briefs
8/16/16
PACIFIC SOUTHWEST REALTY SERVICES - El Segundo-based Cardinal Investments has obtained $20.5 mil in financing for a three-property, mixed-use portfolio in situated in the commercial core of downtown Manhattan Beach, just step...
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• New $35 Mil Ladera Ranch Facility to Serve as HQ for SmartStop Self-Storage
8/12/16
The new, $35 mil SmartStop headquarters facility in Ladera Ranch has been completed. The state-of-the-art, mixed-use complex is 120k sf in size. It contains the Ladera Sports Center, a 63k sf gymnasium, a 42k sf self-storage ...
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