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Block 300 Building in Portland Awarded LEED® Gold Certification 7/09/14 Rubicon US REIT’s Block 300 building in Portland has been awarded LEED® Gold certification for Existing Buildings: Operations & Maintenance™. The property, located at 308 SW Second Avenue, has just undergone a major lobby rem...
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Partners Capital Venture Picks Up 165k sf Vegas-Area Retail Center 7/08/14 A joint venture of Partners Capital and its affiliates have acquired Crossroads at Sunset Shopping Center, a 165k sf retail center located in the Las Vegas submarket of Henderson, NV. Anchored by Sports Authority, Toys R Us, ...
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Draftsmen & Craftsmen 7/07/14 Renovation work on Moorpark Town Center, a 140k sf retail center in Ventura County, has been completed. The property, located at 1 W. Los Angeles Ave, at the northwest corner of Los Angeles and Moorpark Avenues in Moorpark, i...
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Hines Receives LEED Platinum Certification for Remodel of Its Own Houston Office Space 7/03/14 Hines’ remodel of its own space in the iconic Williams Tower has received Platinum certification under the U.S. Green Building Council's LEED for Commercial Interiors Rating System. Hines has occupied levels 49 and 50 (among ...
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Transwestern Lands Management Assignment for New 186-Acre Project Being Developed in Richardson, TX 7/03/14 Transwestern has been awarded the property and facilities management for CityLine, a 186-acre, mixed-use project being developed by Dallas-based KDC. The project is currently under construction at the southeast corner of Hwy ...
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Karlin Real Estate Opens Dallas, TX Office 7/01/14 Karlin Real Estate is growing. The LA-based firm has opened an office in Dallas, TX, to focus on growing the firm’s debt and equity investment platforms in Texas and the Southwest. John Holt, formerly of C-III Realty Service...
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Online Auction Set for 540 Acres of Development Land in AZ 6/30/14 We’ve learned that 540 acres of development land in the AZ town of Marana will be available for purchase through an online auction through micoley.com, scheduled for August 23. The land is part of the Tortolita Mountains, and...
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BH Properties Pays $3.4 Mil for Vegas Office Asset 6/27/14 LA-based BH Properties has purchased Rainbow Plaza, a 60.1k sf office building located in Las Vegas, for $3.36 mil ($56/sf). The transaction, which was completed through Auction.com, marks BH Properties’ first office acquisit...
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Capital One Arranges $11 Mil in Refi Money on CO Apartment Complex 6/26/14 Capital One Multifamily Finance has provided an $11.1 mil 223(f) loan to refinance Grandview Meadows Phase II, a 120-unit, garden-style apartment complex in Longmont, CO. The fixed-rate loan has a 35-year term.
Grandview M...
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Sands Investment Group Opens Office in Austin, TX 6/25/14 Sands Investment Group (SIG) is continuing its expansion with the opening of an office in Austin, Texas. The office is located in the heart of downtown Austin and will be led by Max Freedman and Elan Sieder, both Net Lease Ad...
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Historic Hotel Property in Portland Sells 6/25/14 Randall Investment Group has acquired the Sovereign Hotel in Portland. The historic 52.4k sf building, which originally opened in 1923 as the city’s first skyscraper, was sold by the Oregon Historical Society.
The pricey co...
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Knowledge Universe Finds Large Space Universe Shrinking in Portland’s CBD 6/24/14 Portland’s office market is showing significant signs of tightening. According to preliminary second quarter office numbers from real estate services firm JLL, the city’s CBD has seen vacancy drop to 8.4 percent, its lowest l...
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TX Office Property Refinanced with New $29 Mil Loan 6/24/14 Lucent Capital has arranged $29.25 mil in permanent non-recourse financing secured by Met Center 10, a 345.6k sf, Class A flex office building in Austin, TX. The loan enabled the borrower, a TIC investment group formerly spon...
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Johnson Capital Arranges $6.7 Mil for Corcoran, CA Apartment Complex 6/19/14 Lanford Tobe, in Johnson Capital's Sacramento office, has arranged a $6.67 mil loan secured by an apartment complex in Corcoran, CA, a city about 50 miles south of Fresno. The property, Willow Lakes Apartment Homes, was built...
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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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