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• New Standard Equities Acquires 182-Unit WA Res Property
3/11/16
New Standard Equities (NSE) has acquired Bremerton Gardens, a 182-unit multifamily project in Bremerton, WA, on the Kitsap Peninsula. The property, located at 1014 Parkside Dr, was purchased from a private party in an off-mar...
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• New Bellevue, WA Res Project to Break Ground in Fall 2016
3/10/16
Work will get started this fall on Crossroads Village, a mixed-use, urbanized suburban development with 176 single family townhomes and approximately 15.6k sf of retail space in Bellevue, WA. The project, a development of Res...
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• ROEM Development Corp Pays $22 Mil for Bay Area Affordable Housing Complex
3/09/16
ROEM Development Corporation purchased Delta View Apartments, a 205-unit affordable housing property in the Bay Area city of Antioch, for $22.05 mil ($108k/unit). The transaction was a re-syndication of Section 42 Low Income...
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• Saltchuk Resources Inks Relocation Lease for 91k sf of Space in Seattle’s Pioneer Square
3/09/16
Saltchuk Resources Inc agreed to a lease for 91.4k sf of office space in Seattle’s Pioneer Square. Terms of the lease were not disclosed.
Saltchuk, a family of transportation and distribution companies, and one of the larges...
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• PRES Real Estate Advisors Buys 111k sf OC Office Property
3/08/16
PRES Real Advisors LLC completed the purchase of a 111.3k sf office building in Santa Ana for $20.5 mil, or $184/sf. The property, known as the Wells Fargo Building was sold by House of Sportsmen Inc in an off-market deal.
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• Vestar Closes 409k sf CO Retail Buy
3/07/16
Vestar recently closed on another retail acquisition, purchasing Bowles Crossing, a 409.5k sf, regional shopping center in the Denver suburb of Littleton, CO, for $76.15 mil ($186/sf).
Bowles Crossing is located at 8055 Wes...
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• Irving, TX Biz Park Trades Hands
3/04/16
Las Colinas Commons Office Park, a 239.4k sf, three-building business campus in Irving, TX, was acquired by West Walnut Hill LLC. The price was not disclosed.
The campus is on 17.25 acres at 1525, 1555 and 1621 W. Walnut Hil...
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• Major Mixed-User Proposed for San Jose
3/03/16
Shorenstein Properties and Prometheus Real Estate Group have partnered in a proposed development for San Jose’s west side that could ultimately add 360k sf of office space along with over 800 res units, 15k sf of retail space...
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• Swift Real Estate Partners Completes $30 Mil in Pac Northwest Investments
3/02/16
Swift Real Estate Partners recently closed on two Pacific Northwest acquistions in deals totaling $30.5 mil. The acquisitions were made through Swift’s second Fund, SREP II, a $400 mil value-add real estate fund launched in S...
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• Caruso, CBRE and Gensler Hold Grand Opening for Renovated Masonic Temple Building in Glendale
3/01/16
By Steve Bloom
Recently, CBRE held a grand opening event for their new office in the landmark Masonic Temple on Brand Blvd in Glendale. RENTV president Steve Bloom was on hand for the event that night, February 11th, where h...
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• Snyder’s-Lance Leases 37k sf Phoenix Industrial Space
3/01/16
Snyder’s-Lance inked a lease for 37.4k sf of space at Tiger Industrial Center, a two-building, 103k sf industrial complex in Phoenix. The property is located at 4901 and 4929 West Van Buren, just one mile south of a full-diam...
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• Sonnenblick-Eichner Company Arranges $27 Mil on Seattle Hotel Property
2/24/16
Sonnenblick-Eichner Company has arranged $27 mil of first mortgage financing for Cedarbrook Lodge, SeaTac, a 167-room hotel property in Seattle, WA. The 10-year, fixed rate non-recourse financing was priced in the mid-4 perce...
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• The ConAm Group Closes Multifamily Acquisition Fund with $120 Mil Raised
2/24/16
The ConAm Group has just closed its ConAm Multifamily Acquisition Fund, which completed its $120 mil capital raise. The Fund has already invested approximately 55 percent of the capital through its acquisition of five multifa...
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• Hines Investing Big in Multifamily Product
2/22/16
Hines has acquired Domain Apartments, a 308-residential property in the Las Vegas suburb of Henderson. Built in 2014, the property is located at 831 Coronado Center Dr, east of I-15 and south of I-215. The price was not discl...
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• BKM Capital Partners Closes Its Industrial Value Fund I, L.P.
2/19/16
BKM Capital Partners has closed its debut institutional fund, BKM Industrial Value Fund I, L.P., with $105 mil in equity commitments and $300 mil in buying power. The fund’s commitments come from both institutional investors ...
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• Cadence Capital Investments Picks Up Seven-Parcel Assemblage in Hollywood for New Gelson’s Market
2/18/16
Cadence Capital Investments purchased five buildings on Sunset Blvd in Hollywood with plans to deliver a multi-story building that is pre-leased to upscale regional grocer Gelson’s Market. The purchase was funded with a $12....
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• Legacy Partners and USAA Real Estate to Develop 322-Unit Res Project in Downtown Denver’s Golden Triangle
2/17/16
In recent development news out of Denver, Legacy Partners and USAA Real Estate have purchased 2.3 acres along Speer Blvd in the city’s Golden Triangle neighborhood downtown. The venture plans to break ground on a seven-story,...
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• Regional Experts Discuss the Orange County Retail Market
2/16/16
Orange County’s retail market has come on strong in the last year and a half, with overall transaction volume in 2015 up roughly 40% over 2014, according to Coreland Companies President Chris Hite. This upbeat outlook was gen...
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• Owner/User Pays $470/sf for 10k sf Office Property in Warner Center
2/12/16
A 10.3k sf office building in the San Fernando Valley’s Warner Center/Woodland Hills submarket has traded for just under $4.7 mil, or $470 per square foot. The property, located at 5947-5951 Variel Ave, west of De Soto Ave an...
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• Orange County Office Experts Share 2016 Outlook at RENTV’s State of the Market Conference
2/09/16
The office market session at RENTV’s recent Orange County State of the Market Conference on January 28 at the Hilton Airport in Irvine boasted an all-star panel of industry experts, including: John Drachman, President at Stil...
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