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• Transwestern Investment Group Closes its TSP Value and Income Fund I
11/09/16
Transwestern Investment Group has closed its TSP Value and Income Fund I, with total commitments of approximately $160 mil.
“Our guiding philosophy is to provide investors the least risky path to achieve value-add returns,”...
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• Brookline Investment Group Closes 200-Unit OR Res Buy
11/08/16
Brookline Investment Group purchased Sunfield Lakes, a 200-unit, garden-style apartment community in the southwest Portland, OR suburb of Sherwood. The asset was sold free and clear of existing debt by Berkshire Group.
Sunf...
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• Beverly Hills Retail Building Sells for $5,000/sf
11/07/16
Sterling Organization has purchased a 4.7k sf retail building in Beverly Hills’ Golden Triangle shopping district, just one block east of Rodeo Drive. The property was purchased for $23.5 mil, or $5,000/sf, in an off-market t...
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• Westcore Properties Buys Reno, NV Industrial Portfolio
11/04/16
Westcore Properties has acquired a 1.17 msf industrial property portfolio in Reno, NV from an institutional owner for approximately $54.5 mil ($46.50/sf). The acquisition marks Westcore’s entry into the Reno marketplace.
“Re...
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• The Kavli Foundation Pays Almost $1,000/sf for Playa Vista Building
11/03/16
The Kavli Foundation purchased a 13k sf building in Playa Vista for $12.3 mil ($946/sf) in an all-cash deal. The three-story building is located at 5715 Mesmer Ave, in the heart of Playa Vista on the west side of Mesmer betwe...
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• Corporate Properties Trust I LP Acquires 2.2 msf Mixed-Use Project Outside of Dallas
11/02/16
Corporate Properties Trust I LP has closed on the acquisition of a 2.2 msf, mixed-use project outside of Dallas, TX in a sale-leaseback with State Farm Auto Insurance Co. Corporate Properties Trust I LP is a partnership of Tr...
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• Commercial Real Estate Financing Briefs
11/01/16
PACIFIC SOUTHWEST REALTY SERVICES - Kostas Kavayiotidis & Mike Davis of Pacific Southwest Realty Services arranged a $13.5 mil, 10-year non‐recourse loan on an 80.8k sf, multi-tenant anchored retail center in Bell Garde...
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• Carlsbad Biotech/Office Asset Purchased for $19 Mil
11/01/16
Faraday Research Center, a 65.8k sf, biotechnology/creative office building in Carlsbad, was purchased by an unnamed Los Angeles investor for $19 mil, or $289/sf. The single-story, Class A building was sold by Alvarez & Marsa...
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• Stirling Capital Investments Completes 448k sf Industrial Facility at Its Southern California Logistics Centre in Victorville
10/31/16
Stirling Capital Investments has completed construction of Building 13B, a 447.7k sf industrial facility located at Southern California Logistics Centre (SCLC), a 2,500-acre commercial and industrial complex entitled for 60 m...
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• BKM Capital Partners Makes $20 Mil WA Industrial Buy
10/27/16
BKM Capital Partners bought Andover Executive Park, an eleven-building multi-tenant industrial business park encompassing 181.2k sf of space in the Kent submarket of Tukwila, WA. The asset was acquired in an off-market transa...
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• Commercial Real Estate Financing Briefs
10/25/16
GREYSTONE – Tom Meunier of secured a $31 mil, Fannie Mae Delegated Underwriting and Servicing (DUS®) loan for the permanent takeout of a construction loan on The Henry in Tacoma, WA. The loan is a 7/6 adjustable rate mortgage...
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• Investor Venture Buys Newport Beach Office Asset
10/25/16
Newport Irvine Center, a three-story, Class A, 76.8k sf office property in Newport Beach, was acquired by Newport Beach-based Cress Capital and New York-based C-III in a recent OC investment deal. The price was not immediatel...
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• First 100% Affordable Housing Project in the San Francisco Shipyard Opens to the Public
10/24/16
Pacific Pointe, the first 100% affordable housing development in the San Francisco Shipyard, has officially opened to the public. The 60-unit project is a development of Young Community Developers, a non-profit that serves th...
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• Community Preservation Partners Agrees to Below-Market Lease with SolarCity for Solar Power Installation at Colton Property
10/24/16
Community Preservation Partners (CPP) has agreed to lease 2.2 unused acres at its Arbor Terrace Apartments affordable housing community in Colton to SolarCity at a below-market rate for the installation of a solar power syste...
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• Sparks, NV Res Community Purchased for $14.25 Mil in Value-Add Play
10/21/16
A partnership between L5 Investments and Alamo Equities has acquired Marina Gardens Apartments, a 200-unit apartment community in Sparks, NV, for $14.25 mil ($71.3k/unit). The property is situated on 11.78 acres at 550 Howard...
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• Mixed-Use Center in Ontario Sells for $24 Mil
10/19/16
A 97.1k sf mixed-use property in Ontario sold for $23.95 mil, or $247/sf. The retail and service center is located at 2403 - 2455 S. Vineyard Ave, on both the north and south sides of the 60 Fwy.
Tenants at the property incl...
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• CBRE Arranges $56 Mil on TX Hotel Property
10/18/16
Presidio Companies has secured a $56 mil loan for the refinance of the 429-room Sheraton Fort Worth Hotel in Fort Worth, TX. Located at 1701 Commerce Street, The Sheraton Fort Worth features 429 accommodations-custom-designe...
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• Pathfinder Closes Two Phoenix Area Res Buys Totaling $34 Mil
10/14/16
San Diego-based Pathfinder Partners recently acquired two Phoenix-area multifamily communities totaling 300 units. The transactions, which were with separate sellers, total $34 mil.
In the larger buy, Pathfinder paid $25.6 m...
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• Inglewood Industrial/Flex Building Smells Good to Mike Diamond Plumbing
10/13/16
Mike Diamond Plumbing – yes, the “smell good” plumbers – has acquired a 13.3k sf, creative office/warehouse property in the Los Angeles area for $3.55 mil. The asset was sold by Stiletto Entertainment, the longtime management...
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• P.B. Bell Companies Secures $116 Mil in financing on Four AZ Res Properties
10/12/16
PB Bell Companies has obtained $116.4 mil in financing on four multifamily properties in Arizona. The properties were financed in two separate loans containing two properties per loan.
The first portfolio refinance consists ...
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