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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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• Steadfast Apartment REIT Closes Its 8th Texas Buy
10/05/16
Steadfast Apartment REIT recently acquired its eighth Texas property: Lake Ray Hubbard, a garden-style apartment community with 334 apartment homes in Rockwall, a submarket located 25 miles northeast of Dallas. The price was ...
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• SST Investments Pays $13 Mil for Santa Clara Industrial Property
10/04/16
Sun Technology Park, a three-building, 69.8k sf industrial/R&D project in Santa Clara, was purchased by SST Investments LLC in a recent $12.95 mil ($185/sf) investment buy. It was sold by the Dick Lee Corporation.
Built in ...
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• De La Vega Group Buys 90-Acre Development Site in Fort Worth
10/04/16
A development partnership controlled by the De La Vega Group has acquired Presidio North, a 90-acre, retail development site in north Fort Worth, TX. We’re told the transaction represents the largest major retail development ...
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• Dallas/Ft. Worth-Based Engvest Commercial Realty to Become a Sperry Commercial Global Affiliate
10/04/16
Sperry Commercial Global Affiliates LLC has a new franchise affiliate in Texas, Dallas/Ft. Worth-based Engvest Commercial Realty LLC. The first Dallas/Fort Worth affiliate to join Sperry Commercial Global Affiliates LLC, Engv...
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• Weidner Apartment Homes Picks 118-Unit Asset in Phoenix
9/30/16
The first urban apartment project to be constructed and traded in downtown Phoenix's post-recession real estate upswing has sold this week in a $21.8 mil transaction. The property, Proxy 33, is a 118-unit complex that was acq...
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• Venture Between Barker Pacific Group and Pacific Real Estate Partners Buys 360-Unit AZ Res Property
9/30/16
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners has acquired Maya Linda Apartments, a 360-unit apartment complex located on a new light rail station in the em...
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• Strategic Storage Trust II Inc Picks Up 810 Self-Storage Units in Vegas
9/29/16
Strategic Storage Trust II Inc (SST II) recently purchased a Las Vegas self storage facility consisting of approximately 810 units, 39 of which are RV parking spaces, across approximately 101.4k sf rentable space. The price w...
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• Thorofare Capital Funds $14.9 Mil Loan for South Pasadena Apartment Buy
9/29/16
Thorofare Capital has provided an affiliate of BRAD Management with a $14.9 mil floating-rate commercial mortgage for the acquisition and renovation of two multifamily buildings in South Pasadena. The neighboring gated prop...
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• Parallel Capital Partners Secures $48 Mil Refi on Seal Beach Office Property
9/27/16
Parallel Capital Partners has secured $48.5 mil from Pacific Western Bank to refinance The Ranch at Seal Beach, as well as completed lease transactions at the property valued in excess of $20 mil.
Parallel acquired the 297....
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• Legacy Partners and SyRES Properties Start Work on Second Phase of Concord Res Development
9/27/16
Legacy Partners and SyRES Properties have just broken ground on the 180-unit, second phase of Renaissance Square, a luxury apartment community in Concord. In August 2016, Legacy Partners and SyRES Properties also acquired the...
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• Clippinger Investment Properties Pays $6.4 Mil for Historic Hollywood Apartment Building
9/26/16
By Allen Wolfsheimer
Sacramento-based Clippinger Investment Properties recently acquired the Marathon Apartments, a four-story, 43-unit apartment property in Hollywood, in a $6.4 mil ($149k/unit) deal. The property, formerly...
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• San Diego Strip Center Property Sells for $769/sf in Recent Private Investor Buy
9/23/16
A CA-based private investor has purchased the Taco Bell and Shops, an 18.2k sf strip center in San Diego, in a recent transaction valued at $14 mil, or $769/sf. The property, which is leased to a synergistic mix of food and s...
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• Sacramento Area Res Community Trades for $84k/Unit
9/22/16
Sierra Village, a 185-unit, Class B apartment community located in the North Highlands submarket of Sacramento, was purchased for $15.5 mil ($83.8k/unit) by Oracle Properties Development. The asset was sold by Trion Propertie...
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• Hollywood Dev Site Sold for $23 Mil by Champion Real Estate Company
9/21/16
In development news out of Hollywood, Airport Holdings LP paid $23.3 mil for a 49.6k sf parking lot property that is currently entitled for a mixed-use, residential/retail property. The property, located at 1717 N. Las Palmas...
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• Duke Realty Corp Acquires 22.7 Acres in La Mirada for Future Industrial Development
9/21/16
The SoCal office of Duke Realty Corporation has purchased 22.67 acres of land in La Mirada for future development. The land is located directly north of Duke Realty’s 497.6k sf building at 16501 Trojan Way in the Mid-Counties...
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• South Pasadena Office Campus Sells for $269/sf
9/20/16
Arroyo Gateway Business Park, a 43.3k sf, multi-tenant office campus in South Pasadena, traded hands in an $11.63 mil ($269/sf) sale. The property, situated on 2.2 acres at 143-161 Pasadena Ave, was acquired by Kota Commercia...
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