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• Commercial Real Estate Financing Briefs
4/05/16
NORTHMARQ CAPITAL - Eric Flyckt of NorthMarq Capital secured a $31.5 mil, acquisition loan for an institutional-quality office building located along the I-15 corridor in San Diego. The three-story, Class A building is locate...
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• Draftsmen & Craftsmen
4/04/16
Work has been completed on a five-story, 80-unit senior housing project in Palos Verdes. The development was built by Bernards for Sunrise Senior Living, a provider of high-quality assisted living and memory care services.
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• Four-Property Industrial Portfolio in San Diego Sells
4/01/16
RAF Pacifica Group and Stos Partners have purchased a 12-building, multi-tenant industrial/flex portfolio in San Diego. The four-project portfolio totaling 191.9k sf of space, includes Carroll Way Industrial Park, Sorrento Me...
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• Vacant Land Parcel in Belmont Acquired for Hotel Project
3/31/16
A vacant, 3.34-acre parcel in the Bay Area city of Belmont was purchased by OTO Development for the development of a 170-room, four-story moderate service hotel. The site, which is located at 1401 Shoreway Rd in the master-pl...
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• Three-Building Arizona Medical Office Campus Sells
3/30/16
In a recent medical office buy in Arizona, a joint venture of Cypress West Partners and MedProperties Holdings LLC has purchased Mountain View Medical Plaza, a three-building, 72.9k sf campus in Scottsdale. The asset, located...
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• HFF Arranges $50 Mil for Silicon Valley Hotel Project
3/29/16
Holliday Fenoglio Fowler, L.P. has secured $49.85 mil in first lien construction financing for the development of the 204-room Residence Inn by Marriott Silicon Valley in the San Francisco Bay Area community of San Carlos. Th...
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• Draftsmen & Craftsmen
3/25/16
San Diego-based Smith Consulting Architects has completed the site planning, shell redesign and interior design for the new Petco San Diego National Support Center. The project is located at 10850 Via Frontera in the Rancho B...
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• New York Firm Closes First Bay Area Real Estate Buy
3/24/16
JOSS Realty Partners, out of New York, closed on its first acquisition in the Bay Area, purchasing Napa Square, a 65.8k sf mixed-use asset in Napa. The property was sold by CDI Companies in a deal reported to be worth just ov...
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• Two-Property AZ Retail Offering Sells for $13.8 Mil
3/23/16
A 40k sf, two-property portfolio in Tempe, AZ sold for $13.8 mil, or $345/sf. The properties, located at 420 and 501 S. Mill Ave in the city’s downtown, were acquired by a San Francisco-based private investor who completed th...
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• Co-Working Spaces Can Be More Cost-Effective than Traditional Leases in Pricier Gateway Markets
3/18/16
Shared workplaces can be feasible and cost-effective alternatives to traditional office leases—even for larger occupiers, and especially in costly metro areas such as New York, San Francisco, Los Angeles and Boston, according...
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• Lake Elsinore Industrial Project Under Construction
3/17/16
Construction is underway on Big Yards Industrial Park at Lake Elsinore, a 162.9k sf industrial park in Lake Elsinore. The project marks the first new ground-up industrial development in the Temecula Valley in eight years.
B...
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• Colorado Biz Campus Trades for $7.5 Mil
3/16/16
Garrison Business Park, a 49k sf, flex/industrial property in Lakewood, CO, sold for $7.5 mil, or $153/sf. The property was purchased by CAM Lakewood LLC. It was 100% leased at the time of sale, with tenants including Pinkard...
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• Ridge Development to Start Construction on 1.6 msf TX Industrial Project
3/15/16
Ridge Development plans to break ground in the second quarter of 2016 on Park 20/360, a spec, 1.6 msf industrial park at the northwest corner of I-20 and State Highway 360 in Arlington, TX. The 119-acre project is owned by a ...
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• Three Multi-Tenant Office Properties in Downtown Portland’s Old Town/China Town Submarket Trade
3/14/16
Swift Real Estate Partners recently picked up three multi-tenant office properties in downtown Portland’s burgeoning Old Town/China Town submarket. The properties are: the office building referred to as the Merchant Hotel; th...
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• Equus Capital Partners Buys 130k sf WA Office Asset
3/14/16
Equus Capital Partners Ltd has purchased Quadrant Willows Building C and E, a two-building, 130k sf office portfolio in Redmond, WA, for $25.65 mil ($197/sf). The three-story, Class A buildings are located at 11121 and 11241 ...
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• Trion Properties Launches Its First Fund
3/14/16
Trion Properties, a Los Angeles-based private equity firm that specializes in value-add multifamily investments, has launched its first investment fund vehicle. The fund, which will target $30 mil in equity to reach $100 mil ...
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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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