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• Murphy Development Company Buys 540k sf Industrial Asset in Otay Mesa
2/01/17
Murphy Development Company (MDC) recently closed on the purchase of a two-building, 540k sf industrial property in the Otay Mesa submarket of south San Diego County. Additionally, NGKF has negotiated a lease-back with the sel...
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• Newmark Arranges $13.8 Mil on Historic Office Property in Spokane, WA
1/31/17
Newmark has arranged $13.8 mil in financing on the historic US Bank building located at 422–428 West Riverside Ave, north of I-90 and southwest of Gonzaga University in downtown Spokane, WA. The building is anchored by US Ban...
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• 340k sf Texas Biz Park Trades Hands
1/31/17
Mason Creek Business Center, a four-building, 339.9k sf industrial property in Katy, TX, was acquired by an unnamed investor. The Class A property, located at 21201 – 21501 Park Row Dr, was sold by a partnership between., act...
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• Hines and Cambria hotels & suites underway on a 136-room hotel project in Chandler, AZ
1/30/17
In an update about a new West Coast hotel development from the end of 2016, Hines and Cambria hotels & suites broke ground on Chandler Viridian, a 136-room project in Chandler, AZ slated to open later this year.
The project ...
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• Retail Asset in L.A.’s Silver Lake Area Fetches almost $1,300/sf
1/27/17
The Silver Lake Collection, 10.5k sf of urban street-front in L.A.’s Silver Lake area, was acquired for $13.3 mil ($1,267/sf) by a subsidiary of Strategic Realty Trust Inc, a San Mateo-based real estate investment trust. Situ...
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• AZ Self-Storage Facility Trades in $9.5 Mil Transaction
1/26/17
In a recent self-storage sales comp, Extra Space Storage purchased the 783-unit StorQuest Self Storage facility in Chandler, AZ for $9.5 mil. The property is located at 2150 N. Arizona Ave, west of McQueen Rd and south of Hwy...
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• Commercial Real Estate Financing Briefs
1/25/17
PARTNERS CAPITAL - Partners Capital has funded an $8 mil, cash-out refi on a 30k sf industrial building in downtown San Francisco. The sponsor is under contract to sell the building to a buyer who plans to redevelop the site....
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• NAIOP SoCal Names Its 2017 Executive Committee
1/25/17
NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, welcomes its 2017 Executive Committee and Board of Directors, encompassing a diverse collecti...
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• Tech Firms Take 37k sf of Space at Burbank Media District Office Building
1/25/17
There have been two recent leases by tech-related companies at 4000 West Alameda Ave, a six-story office building in Burbank’s Media District. The leases account for more than 37k sf of space and total about $12 mil in value....
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• Talonvest Capital Structures $36 Mil in Construction Loans on Self-Storage Properties
1/24/17
Talonvest Capital Inc recently structured and negotiated over $36 mil of construction loans for various self-storage owners. The financing assignments included a $13.35 mil ground up construction loan for the development of ...
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• Long Market Property Partners Invests Over $8 Mil in the East Bay Office Market
1/23/17
Long Market Property Partners closed on a Bay Area office buy, paying $8.45 mil for the Vintage Office Building, a three-story, 27.1k sf ($312/sf) building in the East Bay city of Orinda. The building is located at 25 Orinda ...
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• OnTrac Leases New 255k sf Facility at Sun Valley Business Center
1/23/17
OnTrac, a logistics company specializing in contracting regional shipping services in the Western United States, has inked a lease for a 255.5k sf logistics/warehouse facility currently under construction at the state-of-the-...
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• Brickstar Buys 60k sf Building in LA’s Little Tokyo Neighborhood
1/20/17
An affiliate of Brickstar Capital LLC has purchased a 60k sf, mixed-use building in downtown Los Angeles’ Little Tokyo neighborhood. The property, located at 120 S. San Pedro St, south of 1st St and west of Alameda St, was so...
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• Capstone Advisors Buys 98 Acres of Development Land in Reno, NV
1/20/17
Capstone Advisors recently acquired 98 acres of commercial and residential land known as Sky Vista in Reno, NV. The price was not given out.
Sky Vista consists of a 1.91-acre pad site immediately adjacent to an existing Wal...
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• Goldman Sachs & Co Entity Buys Phoenix Retail Asset
1/18/17
Bethany Towne Center, a 305.7k sf retail property in Phoenix, was purchased by an entity formed by Manhattan-based Goldman Sachs & Co in a recent $41.3 mil ($135/sf) transaction. The property, located at the northeast corner ...
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• CA-Based Investor Buys 275k sf Austin VA Outpatient Clinic
1/17/17
The Austin VA Outpatient Clinic, a 275k sf, freestanding outpatient clinic in Austin, TX, was purchased by an investor who is affiliated with The Innovation Institute, based in La Palma, CA. The sale represents the largest he...
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• Shopoff Realty Investments Buys In Newport Beach
1/17/17
Shopoff Realty Investments has acquired a three-story, 44.4k sf office building located at 4440 Von Karman Ave, between MacArthur Blvd and Jamboree Rd in Newport Beach, for $15.4 mil ($347/sf). The property was purchased with...
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• Community Preservation Partners Purchases 179-Unit Senior Housing Property in Anaheim
1/16/17
Community Preservation Partners (CPP) has acquired the Miracle Terrace Apartments, a 179-unit, seniors affordable housing property in Anaheim, in a $53.5 mil joint venture with nonprofit Jamboree Housing.
CPP purchased the 4...
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• Seal Beach’s Bay Theatre Sold in Recent $2 Mil Deal
1/12/17
The iconic Bay Theatre in Seal Beach has traded hands in a recent sale valued at $2.1 mil. The single-screen theater, located at 340 Main St and the Pacific Coast Hwy, was purchased by Dunlap Property Group.
The theater has...
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• American Realty Advisors and Unico Properties LLC Close on 385k sf Portland Office Buy
1/11/17
Congress Center, a 23-story, 385k sf high-rise office tower in Portland, was acquired by a venture between American Realty Advisors and Unico Properties LLC. The price was not disclosed.
Built in 1980, the property has high...
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