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• RAF Pacifica Group Acquires Carlsbad Land for Industrial Project
6/24/16
RAF Pacifica Group has acquired 18.4 acres of entitled land within the Carlsbad Raceway Business Park for $15.07 mil. The firm plans to build two state-of-the-art distribution buildings totaling 272.4k sf on the land. The pro...
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• Gelt Buys Reseda Site for 254-Unit Res Development
6/23/16
LA-based Gelt Inc has acquired an entitled 2.4-acre land parcel in Reseda for the development of The Watermark, a 254-unit apartment community. Located at 6625 Reseda Blvd, north of Victory Blvd, the project is slated to incl...
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• Tustin Orchard Supply Hardware Building Sells for Nearly $500/sf
6/22/16
A 39k sf, a net lease investment property in Tustin was acquired for $18.75 mil ($481/sf) by a 1031 exchange investor. The property is fully occupied by Orchard Supply Hardware, a hardware, garden and home improvement product...
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• Jamison Services Obtains $30 Mil in Financing on California Market Center
6/21/16
Jamison Services has obtained $30 mil in mezzanine financing on its California Market Center (CMC) in downtown Los Angeles. The company, led by Dr. David Lee, is using the funds to refinance the existing debt on the property...
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• ROEM Corp Nearing Completion on San Jose Affordable Housing Project
6/21/16
Charlotte Park Apartments, a 200-unit affordable housing project in San Jose, is nearing completion. The project, a development of ROEM Corporation, is located on the former Hitachi Global Storage Technologies campus, a 295-a...
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• Seattle Res Tower Development Site Sells for $16.25 Mil
6/17/16
Create World America has acquired a 14.4k sf, high-rise development site located at 427 9th Avenue North in Seattle for $16.25 mil. The South Lake Union site is site is fully entitled for a 26-story, high-rise residential dev...
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• ROEM Development Corp Buys Mountain View Site for New Res Project
6/17/16
ROEM Development Corporation purchased a 1.93-acre development site in the Bay Area for $11.5 mil. The property, located at 779 E. Evelyn Ave in Mountain View, was sold by New Urban Properties.
ROEM, a developer of afforda...
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• Simi Valley Production/Office Complex Trades in $11 Mil Deal
6/16/16
A unique, state-of-the-art production and entertainment facility and Class A office complex in Simi Valley has traded hands in a recent $11 mil deal. The property, located at 101 West Cochran St, was acquired by Los Angeles-b...
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• Seattle Office High-Rise Awarded LEED Platinum Certification
6/14/16
Fourth & Madison, an 845.5k sf, 40-story office building located in Seattle's central business district, was awarded Platinum certification under the U.S. Green Building Council's (USGBC) LEED® rating system for Existing Buil...
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• Chinese Investor Buys Hollywood Site for Hotel Development
6/14/16
A 16.8k sf land parcel in Hollywood was acquired by a Chinese-based firm with plans for a hotel development. The buyer, Hollywood Culture and Investment Corp Inc, paid $9.5 mil for the land, which works out to $565 per square...
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• Swift Realty Partners Closes OC Office Buy
6/13/16
San Francisco-based Swift Realty Partners has acquired Fountain Valley Plaza, a 107.4k sf, multi-tenant office campus in Fountain Valley. Although the price was not given out, sources estimate it went for around $21 mil ($195...
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• Seattle Dev Site Purchased by Hong Kong Entity for $17 Mil
6/13/16
A high-rise, residential development site near Pike Place Market in Seattle has sold for $17.1 mil. The buyer, Create World America, is an international construction management firm based out of Hong Kong.
The 8.7k sf site ...
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• Construction Starts on 290k sf Downtown LA Toyota Dealership Facility
6/13/16
Construction has begun on a new Toyota Dealership of Downtown Los Angeles, located at the corner of Figueroa and Washington. The four-tier, 290k sf facility will feature a 22.6k sf, two-story showroom with vehicle display alo...
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• NY Life Entity Buys 660k sf Phoenix Industrial Project
6/10/16
A New York Life Insurance Company entity has closed on the acquisition of Phase 1 of 10 West Logistics Center in Phoenix. The sellers are Phoenix-based Wentworth Property Company and Crow Holdings Capital of Dallas, joint ve...
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• CBRE Announces Leadership Promotions
6/09/16
CBRE Group Inc recently made several executive leadership promotions designed to further strengthen its senior management team, drive the company’s strategy and sustain its growth.
Jack Durburg has been promoted to CEO, th...
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• Commercial Real Estate Financing Briefs
6/09/16
NEWMARK REALTY CAPITAL - Demetri Koston and Skip Slavin of Newmark Realty Capital have arranged $10.2 mil in permanent financing for Lincoln Heights, a stabilized grocery-anchored multi-tenant retail center in Spokane, WA. Th...
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• AZ Office Asset Purchased as Value Add Opportunity
6/09/16
In a recent AZ office buy, , a 60.9k sf building located at 5416 E. Baseline Rd, between Baseline Rd and the U.S. 60 in Mesa’s Superstition Corridor. Built in 2001, the two-story office building sold for $4.9 mil, or about $8...
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• Bendetti Company Completes Almost 800k sf in Nevada Industrial Acquisitions
6/08/16
The Bendetti Company recently closed on two acquisitions in Nevada, adding to its investment portfolio which now totals more than 2 msf of industrial property. The first acquisition was Southern Way, a three-building portfoli...
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• Recent Leasing Activity at Las Vegas’ Hughes Airport Center Totals 12 Deals for Over $8.5 Mil
6/07/16
In recent Las Vegas leasing activity, there have been 12 transactions valued at $8.56 mil at a portfolio of properties owned by a joint venture of Oaktree Capital and CIP Real Estate and located within Hughes Airport Center. ...
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• Phoenix City Council Approves New Zoning for 130 Acres around the Metrocenter Mall
6/06/16
The Phoenix City Council has unanimously approved a Planned Unit Development (PUD) application for 130 acres in and around the iconic Metrocenter Mall development, located on Interstate 17 between Peoria and Dunlap roads in P...
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