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December 3, 2023
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• Auction.com Launches Financing Division
10/10/14
Auction.com has launched Auction Finance, a new division created to facilitate financing for commercial and residential real estate investors. The new line of business will be led by Executive Vice President Gordon Smith, for...
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• Dunhill Partners Buys 94k sf Retail Center in Houston
10/09/14
Dallas-based Dunhill Partners purchased Village Real, a 94.3k sf regional retail center in Houston. The terms of the sale were not released. The shopping center is situated on 4.4 acres at 961 Nasa Pkwy, at the intersection ...
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• LA Firm Closes $25 Mil Salt Lake City Res Buy
10/07/14
Marking its entry into the Utah market, Los Angeles-based Gelt, Inc has acquired Murray Ridge Apartments, a 247-unit apartment community in Salt Lake City, for $25.5 mil ($103.2k/unit). Situated on just over 10 acres at 4120...
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• Johnson Capital and Better Commercial Mortgage Arrange $62 Mil on Multi-State Retail Portfolio
10/06/14
Daniel H. Lisser, Principal and Senior Managing Director in Johnson Capital’s New York City office, along with Better Commercial Mortgage Inc, have jointly arranged $62.3 mil in financing for a multistate portfolio of five re...
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• MIG Real Estate Buys 246-Unit Texas Apartment Community
10/03/14
Newport Beach-based MIG Real Estate has purchased The Marquis at Roger’s Ranch, a 246-unit apartment home community in San Antonio, TX. The Marquis at Roger’s Ranch is located at 2727 Treble Creek, just off Loop 1604 between ...
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• CapRidge Partners Acquires 75k sf Austin Office Complex
10/02/14
CapRidge Partners has acquired Canyon at Wild Basin, a 74.6k sf, Class A office complex in Austin, TX. The property was sold by Boston-based Intercontinental Real Estate Corporation. In the deal, Mesa West Capital provided ...
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•  Construction Gets Started on New Residence Inn by Marriott in Pasadena’s Old Town
10/01/14
Fair Oaks Hotels LLC has begun construction on a five-story, 144-room Residence Inn by Marriott extended stay hotel in Pasadena. The $30.5 mil project, representing the first hotel to be constructed in Old Town Pasadena in mo...
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• Los Angeles Car Wash Spends $11 Mil on Two More Acquisitions
9/29/14
Los Angeles Car Wash Corporation recently wrapped up two more property acquisitions, valued at $11.4 mil, giving the company four purchases totaling $22.4 mil in the last three months. In one of the recent deals, the compa...
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• JB Matteson Spends $22 Mil on WA Res Property
9/24/14
San Mateo-based JB Matteson Inc purchased Northshore Townhomes, a Class A, 86-unit, rental condominium property in Kenmore, WA, in suburban Seattle. The property was sold by was Grosvenor Americas USA Inc. Originally designed...
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• Ginn Downing and Rizwan Mahmud Join Thorofare Capital
9/23/14
Ginn Downing has joined LA-based Thorofare Capital as Senior Vice President, Originations, and Rizwan Mahmud has joined the firm as Director of Investments. Ms. Downing joins Thorofare with more than 20 years of experience i...
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• San Francisco’s One Sansome Street First Building in City to Achieve LEED Platinum v4 Certification
9/19/14
A San Francisco office high-rise, One Sansome Street, has achieved LEED Platinum v4 certification, the highest level of certification in environmental sustainability from the US Green Building Council. One Sansome, owned b B...
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• Felton Properties Awarded LEED Certification for Two Portland Office Buildings
9/19/14
Two Portland office buildings owned by Felton Properties have achieved LEED Certification by the U.S Green Building Council (USGBC). Felton worked with property management firm NAI Norris, Beggs & Simpson and sustainable desi...
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• Newmark Realty Capital Arranges $28 Mil in Construction Money for San Francisco Office Project
9/18/14
Newmark Realty Capital has arranged $28.5 mil in construction financing for 85 Bluxome, a ground-up office development in the SoMa submarket of San Francisco. 85 Bluxome will be a Class A, 55k sf office building, a rarity for...
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• Thorofare Capital Raises $400 Mil Investment Vehicle
9/17/14
Thorofare Capital has raised $400 mil as an initial allocation towards floating rate commercial bridge loans. The new investment vehicle will complement the firm’s existing fixed-rate opportunistic debt fund vehicle and will ...
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• CBRE Arranges $16.8 Mil in Refi Money for Bakersfield Affordable Housing Property
9/16/14
Golden Empire Affordable Housing Inc (GEAHI) has obtained $10.64 mil in refi money for Auburn Heights Apartments, an affordable apartment community located in Bakersfield. The loan was arranged by CBRE Group and funded throug...
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• Thorofare Capital Funds $3 Mil Bridge Loan for AZ Retail Buy
9/16/14
Thorofare Capital has funded a $3.1 mil bridge loan for acquisition, renovation, and lease-up of Westridge Park Plaza, a 58.7k sf retail property located in Phoenix, AZ. The loan was made on behalf of a Los Angeles-based real...
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• Pacific Southwest Realty Services Arranges $8 Mil for AZ Apartment Buy
9/15/14
Peter Harris, Vice President in Pacific Southwest Realty Services’ (PSRS) San Diego office, has arranged $8 mil in acquisition financing for an apartment complex located in Phoenix, AZ. The property, Paradise Foothills is a ...
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• CO Grocery-Anchored Center Sells for $12.4 Mil
9/12/14
Kipling Marketplace, a 90.1k sf, grocery-anchored shopping center in Littleton, CO, recently sold for $12.35 mil, or $137/sf. The property is located at 5005 South Kipling St, at the northwest corner of South Kipling Pkwy and...
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• USAA Real Estate Company’s 1.5 msf Ind Portfolio Buy Includes 759k sf Texas Facility
9/11/14
USAA Real Estate Company entity recently purchased a 1.5 msf, Class A bulk distribution warehouse portfolio. The portfolio consists of two properties known respectively as I-85 Distribution Center, a 744k sf warehouse locate...
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• BH Properties Buys Shasta Beverages Warehouse in Phoenix
9/08/14
BH Properties has purchased the Shasta Beverages Inc 62.8k sf warehouse facility in Phoenix for $1.9 mil ($30/sf). The all-cash deal closed in 18 days. The property is located at 301 S. 29th St, near the Phoenix Sky Harbor I...
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