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• Bascom Group Completes 252-Unit Acquisition in Houston
6/19/14
The Bascom Group LLC has acquired Sierra at Fall Creek, a 252-unit multifamily community located in the highly desirable master-planned community of Fall Creek in northeast Houston. Built in 2004, the property consists of 13 ...
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• Tetra Tech Inks Renewal/Expansion Lease in Golden, CO
6/18/14
Tetra Tech Inc agreed to an expansion/renewal deal for a total of 49.2k sf of space at Sixth Avenue West, located at 350 Indiana St in Golden, CO. The firm, a provider of consulting, engineering, program management, construct...
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• WNC Closes $48.5 Mil Low Income Housing Tax Credit Fund
6/16/14
WNC has just closed WNC Institutional Tax Credit Fund X California Series 12, LP (WNC Cal 12), a $48.5 mil institutional low-income housing tax credit (LIHTC) fund. The fund, which includes 11 investors, will acquire nine pro...
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• CBRE Selected to Market 43-Acre Cornerstone at Tustin Legacy
6/12/14
The City of Tustin has selected CBRE as the exclusive listing advisor for the 43-acre Cornerstone at Tustin Legacy office development. The site, which will be the first phase of office development at the former Marine Base, i...
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• Phoenix Office Property Sells for $5.2 Mil
6/11/14
A Scottsdale, AZ-based private investment entity has purchased Northbank Office Building, a two-story, 31.2k sf suburban office building in Phoenix, for $5.2 mil ($167/sf). The multi-tenant property, located at 5110 North 40t...
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• Renton, WA Apartment Complex Refinanced with $27.6 Mil Loan
6/11/14
Amos Smith and Sean Skelton in Johnson Capital’s Irvine office have arranged a $27.6 mil loan secured by the Bristol I at Southport apartment complex in Renton, WA.
The Bristol I at Southport contains 188 units and 10k sf of...
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• Johnson Capital’s Gabe Weinert Closes Over $45 Mil in Senior Loans on Residential Properties
6/05/14
Gabe Weinert, Senior Vice President in Johnson Capital's Los Angeles office, has recently closed over $45 mil of senior secured loans in the residential “buy-to-rent” and “fix-and-flip” sector.
The largest transaction was a ...
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• Pathfinder Partners Cooks Up Redevelopment Plan for Butterball Turkey Plant in CO
6/04/14
The former processing plant for Butterball Turkey in Longmont, CO was purchased by a venture of Pathfinder Partners and 150 Main LLC for $4.5 mil. The acquisition consists of seven parcels of land on 27.5 acres with 326k sf o...
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• Clear Sky Capital Buys 252-Unit AZ Multifamily Property
6/03/14
Clear Sky Capital recently purchased The Lodge Apartments, a 252-unit, Class A apartment complex in Flagstaff, AZ. The asset was acquired from The Lodge Luxury Apartments, LLC (Bassham Family Trust) for $31.85 mil ($126k/unit...
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• Capital One Multifamily Finance is Next Stage in Capital One Bank’s Integration with Beech Street Capital
6/03/14
Capital One Bank has introduced Capital One Multifamily Finance, a commercial real estate organization that combines Capital One’s balance sheet and agency lending groups into a single entity. The announcement marks the next...
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• Transwestern Lands Leasing Assignment for New Houston Office Project
6/03/14
Transwestern was awarded the leasing assignment for a 203.3k sf, Class A office building in Houston. The building is part of Mid Main, a 214.6k sf, mixed-use project being developed by RHS Interests Inc.
The eight-story off...
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• Lone Oak Fund Provides Financing for Three CA Hotel Deals Totaling 140 Rooms
6/02/14
Lone Oak Fund LLC has provided financing for the acquisition and refinance of three separate hotels totaling 140 rooms in California. Lone Oak specializes in short term loans on commercial and residential properties.
“Privat...
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• The Swig Company and Project Frog Create a Living Laboratory in San Francisco
5/30/14
Here’s some interesting news that offers a heads up about building spaces of the future. The Swig Company and Project Frog have teamed up to create a “living laboratory” and showcase for sustainable building, all within Proje...
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• 1960s-Era Long Beach Apartment Property Gets $4 Mil Makeover
5/30/14
Phoenix Realty Group (PRG) completed a $4 mil restoration of a 237-unit Long Beach apartment complex they had purchased in 2011 for $34.5 mil. The construction on this 1963-vintage property was done by John Donaldson Constru...
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• Cardinal Group Cos Leases 11k sf of Denver Office Space
5/27/14
Cardinal Group Cos has leased 11.3k sf of office space at Mountain Towers, a 19-story office building in Denver. The 209.8k sf property, located at 4100 E. Mississippi Ave, is owned by Northridge Capital, based in Washington ...
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• Boulder, CO Office/Retail Building Sells for $233/sf
5/22/14
Hilltop Plaza, a 25.8k sf office/retail property in Boulder, CO, sold for around $6 mil ($233/sf). Located at 1310 College Ave, just west of Broadway St, the asset was sold by an affiliate of Green Courte Partners LLC to an u...
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• Thorofare Capital Provides $14.5 Mil in Refi Money for 88k sf UT Office Property
5/21/14
Thorofare Capital has provided $14.5 mil in refi money for Lone Peak Center, an 87.7k sf, Class A office building in the city of Draper, situated roughly midway between Salt Lake City and Provo in Utah. The proceeds were used...
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• Cvent Inc the Latest Tenant to Sign at Block 300 in Downtown Portland
5/20/14
Virginia-based event management software provider Cvent Inc has signed a new lease which roughly doubles its existing while relocating from close by in Eastside to downtown Portland. The lease, for 14k sf of space, will see ...
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• Dominion Mortgage is Now Doing Jumbo Res Financing to $10,000,000
5/20/14
Dominion Mortgage Corporation, the residential lending division of Los Angeles-based Dominion Corporation, has ramped up its residential portfolio lending program in the Golden State by now offering jumbo residential loans up...
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• Newmark Realty Capital Arranges $24 Mil in Construction Money for Palo Alto Development
5/19/14
Newmark Realty Capital has arranged a $24 mil construction loan for a mixed-use condo development in downtown Palo Alto. Located directly off of University Ave, the new development will be four stories and will consist of tw...
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