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• Former Sausage Factory Transformed into Creative Office and Retail Space
9/13/17
San Diego-based Pathfinder Partners LLC and Denver-based Winfield Partners LLC have completed $7.4 mil in renovations to the historic Gold Star Sausage Co factory. The property is located at 28th and Walnut Streets in the hea...
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• San Diego Area Medical Office Property Refinanced with New $29 Mil Loan
9/12/17
Pinnacle Medical Office, a primary care office in San Diego’s Scripps Ranch area, was recently refinanced with a $29 mil permanent loan. Located at 10670-10672 Wexford St, Pinnacle Medical Office provides services including p...
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• Construction Started on Upscale Res Project in Brea
9/08/17
Western National Group, Anchor Real Estate Capital and Fantasia Holding Group have started construction of a new, luxury multifamily development in Brea. The project, slated to contain 206 units, is to be named Calligraphy.
...
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• Venice Apartment Building Trades at 0.7% Cap Rate
9/07/17
Venice Beach Apartments, a fully occupied, five-unit apartment property that is just a short walk to Venice Beach, sold for $2 mil – or $400k/unit. The transaction came in at a record-breaking with a cap rate of .7 percent –...
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• San Diego Office Tower Buy Financed with $43 Mil in Acquisition Money
9/06/17
San Francisco-based Swift Real Estate Partners financed its recent purchase of Five Thirty B, a 24-story, 232k sf Class A office tower in downtown San Diego, with $43 mil in acquisition money. Swift bought the asset, also kno...
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• Grocery-Anchored Retail Center in Oxnard Sells for $24.5 Mil
9/06/17
Oxnard Vineyards, a 102.1k sf, grocery-anchored shopping center in Oxnard, was acquired by a private investor for $24.5 mil ($240/sf). The deal traded at a capitalization rate of 5.3%, in what we’re told is the lowest cap rat...
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• Meridian Spends $26 Mil on Concord Office Asset
9/05/17
Meridian paid $26.2 mil for Sutter Square, a 174.7k sf ($150/sf), nine-story office building in Concord. The property, located at 1800 Sutter St, was sold by the Cranbrook Group, of Modesto.
Sutter Square was 78% leased at t...
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• CO Investor Spends Over $30 Mil on Two Denver Multifamily Properties
9/05/17
Jeff Sanders, a Boulder-based investor with Mountain View Capital LLC, acquired two Denver-area multifamily properties with a combined 429 units in deals totaling $30.9 mil ($72k/unit).
One of the properties, Coronado Crossi...
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• Tempe Res Property Trades in $25 Mil Deal
9/01/17
An entity formed by Laguna Point Properties LLC paid $25.7 mil for Anzio Apartment Homes, a 240-unit ($107k/unit), Class B multifamily property in Tempe, AZ. The asset, located at 1330 West Broadway Rd, was sold by WWC VII LL...
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• IPT Acquisitions Pays $10.7 Mil for AZ Distribution Facility
8/31/17
Denver-based IPT Acquisitions LLC paid $10.75 mil for a 91.2k sf ($118/sf) logistics center in Paradise Valley, AZ. The property, located at 550 E. Elliot Rd, was sold by Globe Management Company.
The state-of-the-art, last ...
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• Eight-Unit Santa Monica Apartment Building at the Beach Sells Vacant for Around $500k/Unit
8/30/17
By Allen Wolfsheimer
Arcadia Terrace Apartments, a fully vacant, eight-unit oceanfront apartment building in Santa Monica (some records show it as nine units), has sold for $4.25 mil ($531k/unit). The property, located on a ...
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• Partners Capital Spends $8.65 Mil on Inland Empire Industrial Building
8/30/17
Partners Capital has acquired a 92k sf industrial building in San Bernardino for $8.65 mil ($94/sf). The purchase is part of a 1031 Exchange transaction following the disposition of two brick-and-mortar retail assets in San F...
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• Hines and New York Life Real Estate Investors to Build 250k sf AZ Office Project
8/28/17
Hines has teamed up in a joint venture agreement with New York Life Real Estate Investors, on behalf of its institutional client, to develop the Offices at Chandler Viridian. The Offices at Chandler Viridian is a six-story, C...
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• AZ Retail Center Purchased for $14.2 Mil by Litwin Management
8/25/17
Litwin Management has purchased Laveen Village Marketplace, a 56.7k sf retail center in Arizona, for $14.2 mil ($250/sf). It was sold by PASSCO Companies LLC.
Laveen Village Marketplace is located at Baseline Rd and 51st Ave...
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• H.I.G. Realty Partners and Lincoln Property Company Acquire Houston Office/Retail Portfolio
8/24/17
Greenspoint Place, a mixed use portfolio in the North Houston District of Houston, was recently acquired by a venture between H.I.G. Realty Partners and Lincoln Property Company (LPC). The portfolio, consisting of six office ...
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• AZ Corp HQ Facility Trades in $5.3 Mil Deal
8/23/17
Hunter Engineering paid $5.35 mil for Gold Dust Corporate Center, a two-story, 31.8k sf ($168/sf) corporate HQ facility in Scottsdale, AZ. The building, located at 10446 N. 74th St, was built in 2002.
Gold Dust Corporate Cen...
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• OC Multifamily Remains Strong with a Vacancy Rate of Just 4.1%
8/22/17
The multifamily housing market in Orange County remained very strong in the second quarter of 2017, maintaining high occupancy while the average asking rent continued to rise. According to NAI Capital’s just-released Multifam...
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• Occupancy Jumps to 91% at East Bay Office Campus after Recent Signings
8/22/17
A Flurry of recent leasing activity at Walnut Creek Executive Park (WCEP) in the East Bay city of Walnut Creek has brought the 27-acre, 449.3k sf office campus to 91% occupied. The recent deals total 177k sf of space. The pro...
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• San Diego Investor Pays Over $29 Mil for 126-Unit Multifamily Property in the San Gabriel Valley
8/21/17
Azure Apartments, a 126-unit property in the San Gabriel Valley city of Rowland Heights, traded hands in a recent $29.25 mil ($232k/unit) transaction. The property, located at 1940 Fullerton Rd, was purchased by Stratford Par...
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• Investor Buys 7.7k sf Property in Scottsdale’s Old Town
8/17/17
Clayton Companies purchased a two-story, 7.7k sf building in Scottsdale, AZ for $1.65 mil ($214/sf). The property was sold by Arts District Lofts LLC.
The property, located at 3944 North Marshall Way, on the southwest corner...
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