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• Glendale Apartment Property from 1959 Goes for Over $300k/Unit
2/04/16
Pacifica Equities has acquired Monarch Terrace, a 56-unit multifamily property in Glendale, for $17.1 mil, or $305k/unit. The property, located at 1595 East Chevy Chase Dr, just northwest of the confluence of the 134 and 2 fr...
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• Vestar and Oaktree Acquire 623k sf Utah Retail Property
2/03/16
A joint venture of Vestar and an Oaktree Capital Management LP-managed fund has acquired a 623.2k sf, open-air retail and entertainment center within The Gateway, in the heart of downtown Salt Lake City. The price was not di...
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• Eagle Group Finance Changes Name to iBorrow
2/02/16
Eagle Group Finance, a direct lender specializing in asset-based commercial real estate loans throughout the Western United States, has changed its name to iBorrow. The company believes the new name better communicates the ac...
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• Former Auto Parts Dismantler Property in the San Fernando Valley Sells for $21.5 Mil
2/02/16
A 26.25-acre land site in the northeastern San Fernando Valley community of Sun Valley sold for $21.5 mil. The property, located at 11590 Tuxford St, off I-5 near Lankershim Blvd and San Fernando Rd, used to be one of Los Ang...
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• Boutique Aspen, CO Hotel Refinanced with New 10-Year, $10 Mil Loan
2/01/16
HayMax Capital has obtained a $10.23 mil refi loan on Hotel Aspen, a boutique hotel located at the entrance to Aspen, CO’s bustling downtown. HayMax Capital is an Aspen-based real estate development firm focused on boutique h...
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• Bixby Land Company Spends $12.4 Mil on Two Industrial Buildings in the Seattle Area
1/29/16
Bixby Land Company purchased two newly built industrial buildings totaling 98.2k sf in the greater Seattle, WA area from Panattoni Development Company. The $12.4 mil purchase includes fully-leased buildings in the Kent Valley...
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• MultiView Renews 110k sf HQ Space in Irving, TX
1/27/16
MultiView Inc agreed to a 109.6k sf lease renewal for the digital marketing company’s corporate headquarters in the Dallas area. The firm is at One Panorama Center, located at 7701 Las Colinas Ridge in Irving.
One Panorama ...
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• Thorofare Capital Originates $54 Mil in Bridge Loans Out of its Newest Closed End Debt Fund
1/26/16
Thorofare Capital Inc, together with its subsidiaries, has originated $54 mil in short-term first mortgage debt out of its recently launched Thorofare Asset Based Lending Fund IV, L.P. (“Fund IV”), a closed-end debt fund vehi...
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• TriGate Capital Closes Houston Office Buy
1/26/16
TriGate Capital has purchased Northbelt Office Center II, a 124k sf office property in Houston. The asset was sold by C-III Asset Management, a special servicer that took control of the property via foreclosure in April 2014....
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• Jade Enterprises Buys 350k sf West Los Angeles Office Portfolio
1/25/16
Jade Enterprises purchased a five-property, 350k sf office portfolio in West Los Angeles. The assets were acquired free and clear of debt for an undisclosed amount.
The recently renovated portfolio is currently 91% leased. I...
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• West L.A. Bank of America Building Sells at Cap Rate Below 2%
1/25/16
A 13.3k sf Bank of America building in West Los Angeles was acquired by a private investor after the listing generated more than 16 all-cash offers for the property. The building sits on a 38k sf land parcel at 11501 Santa Mo...
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• Walker & Dunlop’s Servicing Portfolio Surpasses $50 Bil
1/21/16
Walker & Dunlop’s commercial loan servicing portfolio surpassed $50 bil, as of December 31, 2015. The portfolio jumped from $40 bil in just 18 months, due to the dramatic volume of new loan originations during that period. Wa...
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• De Rito Partners Recapitalizes AZ Power Center in Venture with PCCP
1/21/16
HFF has arranged a recapitalization for The Pavilions at Talking Stick, a 1.1 msf retail power center in Scottsdale, AZ. HFF worked on behalf of the sponsor, De Rito Partners, to arrange the joint venture equity partnership w...
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• WA Office Property Trades for $26.5 Mil
1/20/16
In a recent office buy out of the Seattle suburb of Kent, WA, Menashe Properties purchased Creeksides at Centerpoint, a three-building, suburban campus totaling 218.7k sf of space. The property was sold by Unico Properties LL...
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• Revere Investments Spends $33.5 Mil on SoCal Multifamily Asset
1/20/16
Revere Investments purchased Rossmoor Manor Apartments, a 150-unit, garden-style apartment building in Los Alamitos, for $33.5 mil, or $223.3k/unit. The property, located at 11152 Wallingsford Rd, south of Katella Ave and eas...
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• Real Capital Markets Handled Over 5,000 Commercial Property and Loan Dispositions in 2015
1/19/16
For 2015, Real Capital Markets facilitated the disposition of 5,121 commercial properties, bank REO, and loans – connecting buyers and sellers across 75 countries. To date, Real Capital Markets has had nearly 40,000 assignmen...
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• Mill Creek Residential Trust Buys Portland’s Oregon Ballet Theatre Block
1/18/16
An affiliate of Mill Creek Residential Trust purchased the Oregon Ballet Theatre Block in Portland for $6.25 mil. The property, located at 818 SE 6th Ave, was sold by Oregon Ballet Theatre.
Located in Portland’s popular Cent...
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• Pathfinder Partners Closes Its Opportunity Fund V
1/18/16
San Diego-based Pathfinder Partners LLC has closed Pathfinder Partners Opportunity Fund V L.P., the firm’s fifth fund focused on acquiring real estate assets in mid-tier cities throughout the western United States. The firm r...
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• National City Res Complex Sells for $22 Mil
1/15/16
Harborview, a mixed-use complex in National City, sold for $22 mil. The complex consisting of 81 luxury res units and 2.8k sf of retail space, is located at 819 D Ave, south of downtown San Diego between I-5 and I-805.
Harbo...
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• Tarlton Properties Adds 77k sf to Its O’Brien Drive Portfolio in Menlo Park
1/14/16
Tarlton Properties Inc has boosted their O’Brien Drive Portfolio (ODP) in Menlo Park with the recent acquisition of 77k sf of industrial/office space. The purchases include 20k sf at 1001 O’Brien Dr and 50k sf at 1320 Willow...
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