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• Strategic Storage Growth Trust Inc Acquires Three Self-Storage Facilities in TX and CO
12/22/15
Strategic Storage Growth Trust Inc (SSGT) has acquired three self-storage facilities totaling 196.3k sf of storage space and 1,400 units for $26.7 mil. SSGT is sponsored by SmartStop Asset Management LLC.
The portfolio consi...
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• Draftsmen & Craftsmen
12/22/15
Renovation and modernization work of the East Tower Nursing Unit at Sharp Grossmont Hospital in La Mesa has been completed. The $26 mil project by general contractor C.W. Driver delivers facility upgrades local taxpayers appr...
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• San Diego State University Student Housing Community Sells for $69.5 Mil
12/18/15
Fifty Twenty-Five, a 260-unit, 942-bed, Class A luxury student housing community serving San Diego State University, was purchased for $69.5 mil ($267.3k/unit). It was acquired free and clear of existing debt by FPA MultiFami...
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• Bixby Land Buys 71k sf Mission Viejo Office Building
12/16/15
Bixby Land Company has purchased Mission Heritage Center, a four-story, 71k sf office building in Mission Viejo, for $15.6 mil ($220/sf). The property was sold by New York Life Real Estate Investors.
The acquisition repres...
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• OR Manufacturing Facility Sells for $7.5 Mil
12/15/15
Watumull Properties Corp paid $7.5 mil for a 205.3k sf ($36.50/sf), manufacturing facility in Milwaukie, OR. The building, located at 3901 SE Naef Rd, was formerly owned by Blount International Inc, an outdoor equipment manuf...
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• Mission Capital Advisors Arranges $13 Mil on 127-Acre Industrial Asset in Sacramento
12/15/15
Mission Capital Advisors has arranged a $13 mil floating-rate loan from a private specialty finance lender, secured by Capital Commerce Center, a multi-faceted, 127-acre, primarily industrial property in Sacramento. The prope...
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• 300-Unit Los Angeles Apartment Property Sells for $66.5 Mil
12/14/15
Emerald Terrace, a 302-unit multifamily property in Los Angeles, sold for $66.5 mil, or $220k/unit. Built in 1971, the property is located at 160 S. Virgil Ave, south of Beverly Blvd between LA’s Silver Lake and Koreatown sub...
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• Commercial Real Estate Pros Getting into the Holiday Spirit at Annual Industry Events
12/14/15
It’s the holiday season and, like many of you, RENTV has enjoyed meeting up with friends and business colleagues at a few recent holiday get-togethers. A couple of notable events we had the pleasure of attending were annual p...
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• Continental Funding Group Arranges Nearly $15 Mil in Two Antelope Valley Financings
12/14/15
Continental Funding Group (CFG) has arranged separate financings for two different local owner-operators of commercial properties in in the Antelope Valley area of Los Angeles County. Both transactions were arranged by CFG Ma...
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• Hanley Investment Group Real Estate Advisors Raises $35,000 for Movember
12/11/15
Hanley Investment Group Real Estate Advisors has raised awareness and critical funds for men’s health in November, one moustache at a time. Hanley Investment Group raised $35,000 for The Movember Foundation, surpassing what t...
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• Renovation of CO Office Property Transforms Class B Space into a Modern, Class A Environment
12/09/15
Elion Partners completed a capital improvement program at 5889 Greenwood Plaza Blvd, a 90k sf office property in Greenwood Village, CO. The significant, state-of-the-art renovations transformed the Class B suburban office pro...
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• Xebec and Cornerstone to Develop 360k sf Spec Industrial Park in Sun Valley
12/09/15
Xebec and Cornerstone Real Estate Advisors have teamed up to develop a state-of-the-art industrial park in the northeastern San Fernando Valley community of Sun Valley. The Class A project will consist of two warehouse buildi...
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• Unique Retail Property in Phoenix Trades Hands
12/08/15
SimonCRE purchased the 1917 OS Stapley Buildings, a 36k sf, multi-building property located in the up and coming Lower-Grand Avenue Business District in downtown Phoenix. The asset was sold by Abromovitz Grand Avenue Partners...
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• Meridian Closes Out Active 2015 with $5 Mil Sale of Fairfield Dialysis Clinic
12/08/15
An 8.7k sf, dialysis clinic in Fairfield, CA was purchased for $5.15 mil ($592/sf) in a recent acquisition by a private investor in a 1031 exchange. The transaction came in at a cap rate of 5.5%. The property was sold by Meri...
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• Swift Real Estate Partners Buys 110k sf OC Office Complex
12/07/15
A Swift Real Estate Partners entity has purchased McCabe Corporate Center, a three-building, 109.5k sf low-rise office complex in Irvine. The acquisition was funded with $24.2 mil in non-recourse financing arranged by CBRE Ca...
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• Menashe Properties Gives Leasing Assignment for New Portland Office Building to CBRE
12/04/15
Menashe Properties has awarded CBRE the leasing assignment for a new six-story office building in downtown Portland’s West End. The building, 12th and Morrison, is located at 1127 SW Morrison.
12th and Morrison contains 60k ...
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• Construction Topped Out at 64k sf Project for Santa Monica College
12/03/15
Construction has just topped out on Santa Monica College’s (SMC) new Health, Fitness, Dance and Physical Education Building, a 63.8k sf project that is part of the main SMC Campus. The new building, which is being built by Be...
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• Team of 17 Industrial Pros from TNRG Join Houston Office of Lee & Associates
12/02/15
A group of 17 industrial specialists of The National Realty Group (TNRG) have joined Lee & Associates Houston, boosting Lee’s brokerage presence in the local and regional industrial market.
With this addition, the...
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• Sperry Van Ness to Become SVN
12/02/15
Commercial real estate services organization, Sperry Van Ness International Corporation, has formally changed its company brand name to SVN. The firm has offices in four countries serving 500 markets across the globe. The SVN...
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• Draftsmen & Craftsmen
12/01/15
LGE Design Build has recently completed constructing the $4.5 mil Phoenix West Campus of The Austin Centers for Exceptional Students (The ACES). The ACES, a state approved school, is the largest private provider of special ed...
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