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• Olympus Property Acquires Major Dallas Res Community
11/25/14
Mosaic, a 440-unit apartment building with 16k sf of ground floor retail in central downtown Dallas, was acquired by Olympus Property, a real estate investment group. The terms of the sale were not released.
Mosaic features...
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• Historic Denver Property Trades Hands
11/21/14
Grant Street Mansion – a 20k sf, historically designated mansion in Denver, was acquired by Unbridled Holdings, LLC. Located at 1115 Grant St in Denver’s Capitol Hill neighborhood, the property was sold by Pathfinder Partners...
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• Pair of Recent Signings Bring Office Portion of New Katy, TX Development to 43% Preleased
11/21/14
Two recent deals have accounted for 15.5k sf of preleasing at LaCenterra at Cinco Ranch Phase III, a mixed-use development in Katy, TX. In these latest signings, Regus will occupy 12.4k sf and Cook Realty Group LLC has leased...
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• Utah Ski Resort Development Property to Be Auctioned Off
11/20/14
A 29-acre development property in the heart of ski country on the east bench of the Wasatch Mountains in Cottonwood Heights, Utah is to be auctioned off on November 22. The property, being marketed as one of the most desirabl...
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• CBRE Arranges $32 Mil on Silicon Valley Hotel Asset
11/20/14
CBRE Capital Markets' Debt & Structured Finance team has secured $32 mil in non-recourse financing for the Hilton Garden Inn, a 164-room, limited-service hotel in the Silicon Valley city of Cupertino.
Located at 10741 North...
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• Nevada Entity Spends $40 Mil on Industrial Property Portfolio
11/20/14
NNN Acquisitions recently closed on the purchase of 17 industrial buildings in six states for a total of $40 mil. The properties are located in Los Angeles, Santa, Clara, Garden Grove, Texas, North Carolina, Virginia, West Vi...
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• Honolulu Office Complex to Undergo Major Re-Branding Program
11/18/14
An Atalanta Realty Investments-led ownership entity has begun a re-branding program of a two-building office complex in Honolulu. The buildings will be united under a single property name, THE BLOCK Honolulu, which consists o...
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• Karlin Real Estate Provides $38 Mil to Refi Office/Retail Portfolio
11/17/14
Karlin Real Estate has provided Security National Properties Funding III LLC, an affiliate of Eureka, CA-based real estate investment company Security National Master HoldingCo with a $37.9 mil credit facility to refinance si...
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• International Buyer Pays $279/sf for TX Retail Property
11/14/14
The Villagio at Cinco Ranch, a 112k sf lifestyle shopping center in Katy, TX was purchased from The Marcel Group by an international buyer. Although the sales price was not disclosed, the property had been listed at $31.3 mil...
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• California 1031 Investor Buys Two Houston Office Buildings
11/13/14
A California-based 1031 exchange investor purchased two Houston office buildings totaling 178.4k sf of space. The multi-tenant buildings, both five stories in height, are located at 8866 and 8876 Gulf Freeway. The price was n...
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• Draftsmen & Craftsmen
11/12/14
LA-based Bernards has been selected to serve as design-builder for the construction of a new $110 mil, six-story tower at Henry Mayo Newhall Hospital, a 238-bed not-for-profit community hospital and trauma center located in t...
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• MemorialCare Health System Selects CBRE for Integrated Real Estate Services
11/12/14
MemorialCare Health System has selected CBRE Group to provide integrated real estate services to the healthcare company. MemorialCare Health System maintains facilities in Los Angeles and Orange Counties.
Under the multi-yea...
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• Industrial Property Trust Closes Normal $12.5 Mil, AZ Purchase
11/11/14
Industrial Property Trust purchased Normal Junction Distribution Center, a two-building, 140.3k sf distribution center in Tempe, AZ, for $12.452 mil ($89/sf), free and clear of existing debt. The asset was sold by American Re...
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• Auction.com Platform Closed $121 Mil in Sales Just in September of This Year
11/11/14
Auction.com closed 49 commercial assets for a combined value of more than $121 mil in the month of September. Driven by a steady increase in travel, hotel properties comprised $35 mil of the month’s closings.
“With the retur...
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• Google OC HQ Building Certified LEED Platinum
11/10/14
Google’s 140k sf, OC Headquarters, a striking glass structure completing the Impac Center campus and plaza, was recently Certified LEED© Platinum by the USGBC for Core and Shell. The building is located at the intersection o...
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• New Wallis Annenberg Hall Completed at USC
11/07/14
The new Wallis Annenberg Hall at the University of Southern California has been completed. The $40 mil project, which will be the new home of USC’s acclaimed Annenberg School for Communication and Journalism, was built by Be...
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• Draftsmen & Craftsmen
11/06/14
Construction has been completed on the Cal Poly Pomona student recreation center, the Bronco Recreation and Intramural Complex (BRIC). The new LEED® Silver certified project was completed in September 2014. Built by C.W. Driv...
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• Pathfinder Partners Launches Its Fifth Fund
11/05/14
Pathfinder Partners LLC has launched the $100 mil Pathfinder Partners Opportunity Fund V, L.P. – a private real estate fund focused primarily on acquiring value-add multifamily and residential real estate in mid-tier cities i...
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• Gladstone Commercial Buys 189k sf Denver Industrial Facility
11/04/14
Gladstone Commercial Corp paid $10 mil for a 189.2k sf ($53/sf) industrial building in Denver. The property is fully leased through December 2024 to Premium Pet Health LLC, a wholly owned subsidiary of Smithfield Foods.
Pre...
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• CBRE Arranges $30 Mil in Construction Money for Ventura Res Development
11/04/14
Ventura Heritage Corp has obtained a $30.6 mil construction loan for Island View Apartments, a 154-unit, Class A apartment development in Ventura. Construction of the development, which is located at Victoria Ave and 8th St i...
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