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• IEC Buys 400-Unit Multifamily Asset in Orange County
1/18/18
In a recent OC multifamily buy, Interstate Equities Corporation (IEC) has purchased Surf at 39, a 400-unit value-add multifamily asset in Huntington Beach, for $134 mil, or $335k per unit. The acquisition was on behalf of the...
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• Berkadia Closes First Affordable Single Family Rental Financing
1/17/18
Berkadia has closed the very first Affordable Single Family Rental financing through Freddie Mac Multifamily for TrueLane Homes, a leading owner of single-family rental homes.
The financing was in the amount of $11.1 mil for...
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• Calmwater Capital Closes Third Fund with $636 Mil in Commitments
1/16/18
Calmwater Capital has closed its third fund, U.S. Real Estate Credit Fund III, L.P., with $636 mil in total commitments. The fund’s investors include endowments, pension funds and family offices, based in North America, Asia,...
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• Markwood Enterprises to Reposition Downtown L.A. Garage Property
1/11/18
LA-based Markwood Enterprises has received a $23.1 mil bridge and construction loan for the repositioning of the historic nine-level 900 South Hill Street Garage located in the heart of downtown Los Angeles. The financing wa...
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• Ernst & Young Inks Lease for 54k sf at New San Antonio Office Complex
1/11/18
Ernst & Young LLP (EY) has inked a lease for 54k sf of office space in Farinon Business Park, located in a growing regional center northwest of downtown near The University of Texas at San Antonio (UTSA). The lease terms were...
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• Hines Completes $25 Mil Redevelopment of Irvine Campus
1/09/18
Hines recently wrapped up work on a $25 mil redevelopment project at Intersect, the four-building, 436k sf office campus situated in the heart of Irvine's Airport Area. The extensive capital renovation, designed by IA Interio...
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• Barker Pacific Group and WHI Real Estate Partners L.P. Buy 214k sf Office Asset in Roseville
1/08/18
Barker Pacific Group (BPG) and WHI Real Estate Partners L.P. (WHIREP) have acquired Douglas Corporate Center, a 214k sf, Class A office property in Roseville. The purchase, said to be worth somewhere in the mid-$30 mil range ...
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• NBP Capital Closes $19 Mil Buy of Portland Office Portfolio
1/05/18
An 88.1k sf, three-building office portfolio in Portland was traded by Swift Real Estate Partners to NBP Capital LLC in a $19 mil sale. The purchase was financed with a $17.55 mil acquisition bridge loan utilizing 70% LTC flo...
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• Champion Real Estate Company Picks Up Hollywood Dev Site for $17 Mil
1/05/18
A Champion Real Estate Company entity has purchased a Hollywood development site for $17 mil. The property, located at 6212-6224 West Yucca Ave, 1756-1760 Argyle Ave and 1771 Vista Del Mar St, between Vine and Gower Streets o...
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• Draftsmen & Craftsmen
1/04/18
San Diego-based SCA Architecture (formerly known as Smith Consulting Architects) has completed the planning, design, and entitlements for a new 23-acre campus expansion on behalf of global communications company, Viasat, loca...
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• City of Orange Approves Latest Developments at Chapman University
1/04/18
Chapman University’s latest development project has been approved by the City of Orange. The project includes a new 402-bed student apartment building for upperclassmen alongside the adaptive reuse of one of the most valuable...
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• Chipotle Relocates Its Headquarters to 152k sf at New Denver Office Tower
1/03/18
Chipotle Mexican Grill has inked a 15-year relocation lease for 152k sf at 1144 Fifteenth Street, Hines’ new 40-story, Class A office tower totaling 671.1k sf in downtown Denver. The firm will use the space at its headquarter...
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• Terreno Realty Corp Pays $13 Mil for Five-Acre Industrial Site in Carson
1/02/18
Terreno Realty Corp paid $12.9 mil for a 5.1-acre industrial parcel in the city of Carson. The property was sold by Wilson Properties, a subsidiary of Distribution Now.
The property is located at 2315 E. Dominguez St, just 1...
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• Security Properties Buys 141-Unit Res Asset in Spokane Valley, WA
12/29/17
Security Properties purchased Eagle Pointe, a 141-unit affordable multifamily property in Spokane Valley, WA for $12.85 mil, or about $91k/unit.
Eagle Pointe is a garden-style community comprised of family units that are inc...
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• Virtua Partners Completes Two Phoenix Acquisitions
12/28/17
Virtua Partners has acquired two properties totaling 146 acres located in the West Valley of Phoenix.
One of the acquisitions, Bennett Meadows, is a 28-acre infill residential property located on the northwest corner of Sari...
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• JELD-WEN Extends 195k sf Lease in Vista
12/27/17
JELD-WEN has agreed to a long term lease extension for 194.7k sf at the North County Corporate Center in Vista. The Charlotte, NC-headquartered company - one of the world’s largest door and window manufacturers - is fully lea...
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• Burbank Res Asset Goes for $400k/Unit
12/26/17
In a year-end, LA-area multifamily acquisition, Essex Property Trust Inc purchased The Village at Toluca Lake, a 146-unit res property in Burbank, for $59 mil ($404k/unit). The two-building, non-rent controlled complex, locat...
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• Heitman Affiliate Acquires 475k sf Inland Empire Industrial Asset
12/22/17
An affiliate of Heitman LLC purchased 290 Markham Street, a 475.2k sf, newly developed, fully leased, state-of-the-art industrial warehouse on over 24 acres in the Inland Empire city of Perris. The property was sold by Circle...
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• LivCor Spends $115 Mil on 674 Res Units in Las Vegas
12/21/17
LivCor has purchased a two-property, 674-unit multifamily portfolio in Las Vegas for $115 mil ($170.6k/unit). The assets, which include Broadstone Talavera and Broadstone Flamingo West, were sold by a partnership between AEW ...
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• Lionstone Investments Refinances Four Santa Monica Assets with $57 Mil Loan
12/20/17
Lionstone Investments has refinanced two mixed-use properties and two creative office assets in Santa Monica with a new loan of $57.2 mil. The properties, totaling 126.6k sf of space, are located at 401 Santa Monica Blvd, 134...
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