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• Owner/User Pays $197/sf for Simi Valley Industrial Facility
7/27/18
A 37.1k sf, state-of-the-art industrial building in Simi Valley sold for $7.3 mil ($197/sf). The building is part of an industrial business campus, located at 167 W. Cochran St, and was the last available property for sale at...
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• Provenance Hotels Refinances Hotel Theodore in Seattle
7/26/18
Provenance Hotels, out of Portland, OR, has refinanced Hotel Theodore, a 20-story, 153-room, full-service, luxury boutique hotel in downtown Seattle. The firm has obtained new first mortgage money for $50 mil on the property...
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• Sabal Capital Partners to Acquire Majority Stake in Trident VII Funds Company Managed by Stone Point Capital
7/26/18
Sabal Capital Partners LLC recently signed definitive agreements for the acquisition of a majority interest in the company by the Trident VII funds managed by Stone Point Capital LLC. Sabal is a leading small balance debt pro...
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• CO Shopping Center Picked Up by Florida Buyer in $10.8 Mil Deal
7/25/18
Broadridge Shopping Center, a 75.8k sf shopping center in Littleton, CO, was acquired by Fort Lauderdale-based SunCap Opportunity Fund LLC for $10.85 mil ($143/sf). The property was sold by Transmark Co.
Broadridge Shopping ...
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• BOSA Development to Transform Vacant Building in Downtown San Diego into Class A Office Property
7/19/18
BOSA Development will redevelop a vacant building located at 777 Front Street in downtown San Diego into a new Class A, 162k sf office building. The building will be able to accommodate a variety of requirements ranging from...
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• Private Investor Buys Two Self-Storage Facilities in Silicon Valley
7/19/18
A private, high net worth family seeking to expand its portfolio purchased two institutional quality self-storage facilities in Silicon Valley’s Los Gatos submarket. The price was not disclosed.
The two facilities, located a...
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• Vista Investment Group Affiliate Acquires Leasehold Interest in Santa Monica Business Complex
7/18/18
An affiliate of Vista Investment Group has acquired from Redwood Partners Inc the leasehold interest in Media Park Santa Monica, a 101.4k sf creative office campus in Santa Monica’s Media District. The deal value was not give...
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• Cypress West Partners and MedProperties Holdings buy 50k sf Phoenix Office Asset
7/18/18
Cypress West Partners has acquired a 50k sf, Class A medical office building in Phoenix in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm headquartered in Dalla...
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• Canyon Partners LLC Closes Real Estate Debt Vehicle with $450 Mil in Commitments
7/13/18
Canyon Partners LLC closed a real estate debt vehicle with over $450 mil in total commitments. The Canyon Partners Real Estate debt platform is focused on the origination of senior and subordinate debt investments secured by ...
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• Dominion Mortgage Corporation Funds Challenging $14 Mil Take-Out Loan on Medical Facility
7/13/18
West Los Angeles-based Dominion Mortgage Corporation has provided a $14 mil loan on a medical center property located within a Georgia resort community. The financing was used to reimburse the sponsor for the building costs s...
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• AZ Retail Center Fetches $16.6 Mil
7/12/18
Plaza at Power Marketplace, a 71k sf shopping center in Queen Creek, AZ sold for $16.6 mil ($234/sf). The property is located at 7225 S. Power Rd and 18490-18550 E. Rittenhouse Rd, near the Arizona State University Polytechni...
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• Long Beach Multifamily Sale Tops $50 Mil
7/12/18
In a Long Beach multifamily buy, Emeryville-based based HFH Limited paid $50.8 mil for Patio Gardens, a 127-unit apartment community located at 4874 East Los Coyotes Diagonal, in the Traffic Circle neighborhood of Long Beach....
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• Flex/Office Campus in South San Francisco Sells to SFF Realty Fund III in a $47.5 Mil Deal
7/11/18
SFF Realty Fund III, an affiliate of San Francisco-based PSAI Realty Partners, purchased Dubuque Center, a three-building, 112k sf flex/office/R&D campus in South San Francisco, for $47.5 mil ($424/sf). The property, located ...
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• Industrial Facility in L.A.’s Harbor Gateway Trades in $21 Mil Transaction
7/10/18
CenterPoint Properties, an Illinois-based real estate investment company, paid $21 mil for a 125.8k sf ($167/sf) industrial facility in Los Angeles’ Harbor Gateway area. Located at 13217 South Figueroa St, south of El Segundo...
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• Work Started on Upscale West Hollywood Res Project
7/09/18
Darmos Properties has begun construction on Kings 838, a 37k sf, luxury apartment complex located at 838 N. Kings Rd in West Hollywood. The property, situated in the heart of West Hollywood near the Melrose Ave Shopping Distr...
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• TA Realty Buys 249k sf AZ Industrial Asset
7/09/18
TA Realty LLC has purchased Tempe Distribution Center, a fully-leased, 248.8k sf industrial property in Tempe, AZ. The price was not disclosed.
Tempe Distribution Center is located on 13 acres at 6718 S. Harl Ave and 9230 S....
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• Ohio Investor Pays $16.5 Mil for AZ Medical/Office Campus
7/06/18
Arrowhead Professional Center, a 70.7k sf medical and professional office campus in Glendale, AZ, was acquired by Woodside Health of Cleveland, OH in a $16.5 mil ($233/sf) transaction. The asset was sold by YAM Properties, ou...
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• AZ Biz Campus Acquired in $14.25 Mil Buy
7/05/18
Dunbar Real Estate Investment Management bought Mill Avenue Business Park, a 134.9k sf business campus in Tempe, AZ, for $14.25 mil ($105/sf). The property, located at 40 E. Baseline Rd, 5030 S. Mill Ave and 5005-5025 S. Ash ...
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• Rexford Industrial Realty Purchases 123k sf Facility in Pacoima
7/05/18
Rexford Industrial Realty has closed on another SoCal industrial buy, paying $22.5 mil for a 122.9k sf ($183/sf), single-tenant property in the northeastern San Fernando Vallery community of Pacoima. The acquisition was funde...
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• Pathfinder Partners Buys 125-Unit Multifamily Property in the Seattle-Tacoma Area
7/05/18
Pathfinder Partners has purchased Astoria Apartments, a 125-unit multifamily community located in the Seattle-Tacoma metro area, for $18 mil, or $144k/unit. Built in 1982, the community is situated on 5.7 acres at 5700 23rd S...
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