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• Portland Office Property Sells for $5.3 Mil
8/16/17
The Concord Building, a 27.5k sf office property located in the heart of Portland’s Central Business District (CBD) and Technology Triangle, recently traded in a $5.3 mil ($193/sf) transaction.
Built in 1891 and renovated i...
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• Mark IV Capital breaks Ground on Summit II at La Frontera
8/15/17
Mark IV Capital has broken ground on Summit II at La Frontera, a 95k sf, Class A office building in Round Rock, TX. The two-story building, situated near the intersection of Interstate 35 and SH 45, will be adjacent to the 87...
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• Two Inland Empire Industrial Properties Sell in Separate Deals that Total Over $13 Mil
8/15/17
We’ve got two recent industrial acquisitions in the Inland Empire to report. The transactions encompassed a combined 112.7k sf and totaled about $13.1 mil in deal value. DAUM Commercial’s Chris Migliori represented the buyers...
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• New Ultra-Luxury Res Development in Salt Lake City is Completed
8/14/17
SALT Development has completed work on 4th West Apartments, an ultra-luxury multifamily community in downtown Salt Lake City. Located at 255 North 400 West, adjacent to two light rail systems and one block from the Vivant NBA...
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• Investor Spends $11.4 Mil on Two Res Communities in Tucson
8/14/17
James Associates has purchased two multifamily properties totaling 192 units in Tucson for a combined price of $11.4 mil ($59.4k/unit). The acquisition includes The Place at Nine90, with 72 units, and The Place at Ten50, with...
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• New Medical Office Project Underway in Sugar Land, TX
8/10/17
Construction has begun on TierOne Development’s 38.6k sf, office/medical development in Sugar Land, TX. The spec development is located at 7619 Branford Place. Slated for completion in the second quarter 2018, the Class A bui...
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• Draftsmen & Craftsmen
8/09/17
Construction has been completed on the Newport Beach Country Club, a 65k sf, two-level development by International Bay Clubs LLC. The $50 mil project was built by C.W. Driver Companies’ affiliate Driver SPG, an arm that spec...
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• OpenSquare Leases 75k sf Seattle Facility
8/09/17
OpenSquare inked a five-year lease for a 75k sf, newly renovated warehouse building along Seattle’s waterfront port area.The lease value was not disclosed.
The property, located at 303 River St, is owned by Westcore Properti...
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• Leasing Interest Strong for New Sacramento Urban Office/Tech Campus
8/08/17
The Cannery is a newly developed urban office and technology campus in Midtown Sacramento’s arts and cultural epicenter. Housed in an historic former canning plant, the 275.4k sf campus is located at 1651 Alhambra Blvd.
Wit...
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• Portland Res Development Lands $39 Mil in Construction Funding
8/07/17
Harbor Sky LLC has obtained a $39.5 mil construction loan for the development of Harbor Sky, a 266-unit multifamily project in Portland, OR. Located at 1055 N. Anchor Way, the development will consist of a six-story building ...
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• Foods Supplier Buys 75k sf Industrial Property in the East Bay
8/07/17
A 75.4k sf, industrial warehouse property in San Leandro sold for $12.5 mil ($166/sf). The property, located at 2300 Polvorosa Ave, was acquired by 4 FACEB Investment LLC, who owns ASA Trading Inc, the lead supplier of food r...
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• Draftsmen $ Craftsmen
8/01/17
C.W. Driver Companies has broken ground on the $17.9 mil construction of the new Mission Hills-Hillcrest Harley & Bessie Knox Public Library. The 14k sf, one-story structure will be nearly four times the size of the current l...
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• Sacramento-Area Res Property Refinanced with $47 Mil Fannie Mae Loan
8/01/17
Wasatch Group has obtained a $47.2 mil Fannie Mae fixed-rate loan to refinance Chesapeake Commons, a 600-unit apartment community in Rancho Cordova, a city in the Sacramento Metropolitan Area. The financing, provided through ...
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• Walker & Dunlop Arranges $34 Mil in Freddie Mac Funding for Roseville Apartment Project
7/26/17
Walker & Dunlop Inc provided a $33.8 mil commitment under the Freddie Mac Tax Exempt Loan (TEL) Unfunded Forward Program for the permanent financing of Campus Oaks Phase I, an affordable, garden-style apartment community in R...
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• New Res Development in LA’s Silver Lake Neighborhood Receives $21.6 Mil in Construction Money
7/25/17
A joint venture between Barth Partners and Barry Leddy Developments has obtained $21.6 mil in ground-up construction financing for development of a 35-unit res condo project in LA’s Silver Lake neighborhood. The financing was...
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• Nazareth Enterprises Spends $15.6 Mil on 180k sf of Space in Morgan Hill
7/25/17
Nazareth Enterprises Inc recently completed the $15.6 mil acquisition of two properties totaling 180k sf ($87/sf) in Morgan Hill, a city roughly 20 miles southeast of San Jose in Santa Clara County. The properties are located...
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• Commercial Real Estate Financing Briefs
7/21/17
NEWMARK - Robert Slatt, Jeff Wilcox and Charlie Kokernak with Newmark has arranged $27.2 mil in fixed-rate financing for the Stanford Park Hotel in Menlo Park. The 162 room, full-service hotel opened in 1984. Located on a sin...
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• LaSalle Management Purchases Newly Completed Portland Office Property
7/20/17
Pearl West, a newly developed, 155.5k sf Class A office tower in Portland, OR, was acquired by LaSalle Investment Management. The price was not disclosed.
Completed in 2016, Pearl West is a LEED Gold-certified, mid-rise offi...
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• Sterling Real Estate Holdings Acquires 130-Unit Residential Property in Phoenix
7/20/17
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group and Pacific Real Estate Partners, has acquired Summerhill Apartments, a 130-unit multifamily property in Phoenix, for $9.3 mil ($71.5k/unit). The 197...
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• REI Inks Lease for 43k sf Flagship Store in Burbank
7/19/17
Recreational Equipment Incorporated (REI) inked a 10-year lease for 43k sf of space at Burbank Empire Center. REI will occupy the entire freestanding former Sports Authority building located at the entrance to the shopping ce...
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