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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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• CBRE Transitioning to “Free Address” Offices Across the Globe
5/15/14
CBRE has just unveiled two new offices in San Diego County as part of its global “Workplace360” initiative. The “free address” offices incorporate leading-edge workspaces designed to support the way employees work today and i...
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• Expert Panel Shares Their Thoughts on the Economy and the State of the Industry at NAI Global Market Outlook Event
5/14/14
By Steve Bloom
The morning of this past Thursday, May 8th I had the pleasure of attending the 2014 NAI Global Market Outlook event, at the Beverly Wilshire Hotel, featuring Dr. Peter Linneman, Chief Economist at NAI Global a...
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• 195k sf Sale Sets PACE for Stockton Industrial Market
5/12/14
PACE Supply Corp has purchased a 194.9k sf Class A industrial facility in Stockton. The facility is located at 4819 Fite Ct, within the Arch Road Business Park. The seller was Mid-Valley Development LLC.
PACE is a locally a...
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• Phoenix Industrial Property Sells for $9 Mil
5/12/14
DCT Industrial Trust purchased 5th Street Industrial, a 110k sf industrial building at 3405-3445 S. 5th St in Phoenix, AZ. The property was sold by Clarion Partners for $9 mil, or $82/sf.
Located west of the I-10 in the hear...
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• Vegas Retail Asset Sells for $11 Mil
5/09/14
First Allied Corporation recently purchased a 60.1k sf portion of Spring Valley Town Center in Las Vegas. The retail asset was acquired from David Jewkes of Integris Realty Services, who acted as court appointed receiver on b...
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• Chris Meany of Wilson Meany Given City of Hope’s Spirit of Life® Award
5/07/14
The Spirit of Life® Award, City of Hope’s most prestigious philanthropic honor, was given Apr. 29 to Chris Meany of Wilson Meany in San Francisco at a standing-room-only benefit dinner which broke a record for the decades-old...
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