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• MET/EQ Investment Platform to Acquire up to $500 Mil in Assets over 18 Months
2/09/16
Metropolitan Equities (MET/EQ), a private equity investment company focused on commercial real estate ownership and operations, has just launched as an investment platform ready to acquire up to $500 mil in assets during the ...
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• Western Asset Management and iBorrow Ink Master Loan Purchase Agreement
2/09/16
Western Asset Management and iBorrow have inked a master loan purchase agreement in which iBorrow will offer CRE loans the company originates to Western Asset. Western is a leading global fixed income manager with approximate...
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• Phoenix Retail Center Trades for Nearly $10 Mil
2/08/16
A New Jersey-based real estate entity closed on a Phoenix retail buy, paying $9.665 mil for Mountain Park Plaza. Located at 510, 520, 602 and 610 E. Baseline Rd, Mountain Park Plaza is an 87.7k sf ($110/sf), grocery-anchored ...
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• Draftsmen & Craftsmen
2/04/16
Walker Zanger, a leading international luxury stone and tile provider, has relocated its operations into a new, larger corporate HQ and regional distribution center in the San Fernando Valley community of North Hills. The fir...
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• Glendale Apartment Property from 1959 Goes for Over $300k/Unit
2/04/16
Pacifica Equities has acquired Monarch Terrace, a 56-unit multifamily property in Glendale, for $17.1 mil, or $305k/unit. The property, located at 1595 East Chevy Chase Dr, just northwest of the confluence of the 134 and 2 fr...
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• Vestar and Oaktree Acquire 623k sf Utah Retail Property
2/03/16
A joint venture of Vestar and an Oaktree Capital Management LP-managed fund has acquired a 623.2k sf, open-air retail and entertainment center within The Gateway, in the heart of downtown Salt Lake City. The price was not di...
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• Eagle Group Finance Changes Name to iBorrow
2/02/16
Eagle Group Finance, a direct lender specializing in asset-based commercial real estate loans throughout the Western United States, has changed its name to iBorrow. The company believes the new name better communicates the ac...
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• Former Auto Parts Dismantler Property in the San Fernando Valley Sells for $21.5 Mil
2/02/16
A 26.25-acre land site in the northeastern San Fernando Valley community of Sun Valley sold for $21.5 mil. The property, located at 11590 Tuxford St, off I-5 near Lankershim Blvd and San Fernando Rd, used to be one of Los Ang...
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• Boutique Aspen, CO Hotel Refinanced with New 10-Year, $10 Mil Loan
2/01/16
HayMax Capital has obtained a $10.23 mil refi loan on Hotel Aspen, a boutique hotel located at the entrance to Aspen, CO’s bustling downtown. HayMax Capital is an Aspen-based real estate development firm focused on boutique h...
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• Bixby Land Company Spends $12.4 Mil on Two Industrial Buildings in the Seattle Area
1/29/16
Bixby Land Company purchased two newly built industrial buildings totaling 98.2k sf in the greater Seattle, WA area from Panattoni Development Company. The $12.4 mil purchase includes fully-leased buildings in the Kent Valley...
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• MultiView Renews 110k sf HQ Space in Irving, TX
1/27/16
MultiView Inc agreed to a 109.6k sf lease renewal for the digital marketing company’s corporate headquarters in the Dallas area. The firm is at One Panorama Center, located at 7701 Las Colinas Ridge in Irving.
One Panorama ...
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• Thorofare Capital Originates $54 Mil in Bridge Loans Out of its Newest Closed End Debt Fund
1/26/16
Thorofare Capital Inc, together with its subsidiaries, has originated $54 mil in short-term first mortgage debt out of its recently launched Thorofare Asset Based Lending Fund IV, L.P. (“Fund IV”), a closed-end debt fund vehi...
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• TriGate Capital Closes Houston Office Buy
1/26/16
TriGate Capital has purchased Northbelt Office Center II, a 124k sf office property in Houston. The asset was sold by C-III Asset Management, a special servicer that took control of the property via foreclosure in April 2014....
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• Jade Enterprises Buys 350k sf West Los Angeles Office Portfolio
1/25/16
Jade Enterprises purchased a five-property, 350k sf office portfolio in West Los Angeles. The assets were acquired free and clear of debt for an undisclosed amount.
The recently renovated portfolio is currently 91% leased. I...
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• West L.A. Bank of America Building Sells at Cap Rate Below 2%
1/25/16
A 13.3k sf Bank of America building in West Los Angeles was acquired by a private investor after the listing generated more than 16 all-cash offers for the property. The building sits on a 38k sf land parcel at 11501 Santa Mo...
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• Walker & Dunlop’s Servicing Portfolio Surpasses $50 Bil
1/21/16
Walker & Dunlop’s commercial loan servicing portfolio surpassed $50 bil, as of December 31, 2015. The portfolio jumped from $40 bil in just 18 months, due to the dramatic volume of new loan originations during that period. Wa...
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• De Rito Partners Recapitalizes AZ Power Center in Venture with PCCP
1/21/16
HFF has arranged a recapitalization for The Pavilions at Talking Stick, a 1.1 msf retail power center in Scottsdale, AZ. HFF worked on behalf of the sponsor, De Rito Partners, to arrange the joint venture equity partnership w...
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• WA Office Property Trades for $26.5 Mil
1/20/16
In a recent office buy out of the Seattle suburb of Kent, WA, Menashe Properties purchased Creeksides at Centerpoint, a three-building, suburban campus totaling 218.7k sf of space. The property was sold by Unico Properties LL...
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• Revere Investments Spends $33.5 Mil on SoCal Multifamily Asset
1/20/16
Revere Investments purchased Rossmoor Manor Apartments, a 150-unit, garden-style apartment building in Los Alamitos, for $33.5 mil, or $223.3k/unit. The property, located at 11152 Wallingsford Rd, south of Katella Ave and eas...
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• Real Capital Markets Handled Over 5,000 Commercial Property and Loan Dispositions in 2015
1/19/16
For 2015, Real Capital Markets facilitated the disposition of 5,121 commercial properties, bank REO, and loans – connecting buyers and sellers across 75 countries. To date, Real Capital Markets has had nearly 40,000 assignmen...
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