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• Greenlaw Partners and The Broe Group are Marketing Renovated 90k sf Tempe, AZ Office Asset for Lease
5/05/14
Greenlaw Partners and The Broe Group are marketing Tempe 10/60 Corporate Center (formerly known as Corporate Fountains), a 90k sf office project in Tempe, AZ, for lease. Demand for high density space in Tempe spurred demoliti...
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• Work Gets Started on 265-Unit Res Complex in Englewood, CO
5/01/14
Construction is under way on Elevation at County Line Station, a 265-unit apartment community in Englewood, CO. The new $44 mil project is being developed by Denver-based Grand Peaks Properties and was designed by KTGY Group ...
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• HFF Arranges $5 Mil for 44k sf Portland Office Buy
5/01/14
HFF arranged $5 mil in acquisition financing for the purchase of the Woodlark Building, a 43.9k sf historic office building in downtown Portland. The borrower is a joint venture between NFN Investments LLC and Arthur Mutual I...
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• Toyota to Relocate Three HQ Locations into New Facility to Be Built in Plano, TX
4/29/14
Toyota has announced that the company is establishing a new headquarters in North Dallas (Plano), TX for its North American operations in a move designed to better serve customers and position Toyota for sustainable, long-ter...
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• Retail Building in the Monterey Area Sells for $583/sf
4/25/14
A three-tenant, 25.2k sf building within the Edgewater on Monterey Bay shopping center in Sand City, CA sold for $14.7 mil, or about $583/sf. Built in 1996, the property is situated on two acres at 2080 California Ave in Sand...
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• Beech Street Capital Arranges $9 Mil Freddie Mac Loan on Longmont, CO Apartment Property
4/25/14
Beech Street Capital provided a $9.1 mil Freddie Mac CME loan to refinance Grandview Meadows Phase III, a 96-unit garden-style apartment complex in Longmont, CO. The borrower was M. Timm Development Inc, a real estate develo...
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• Lew Horne Named President, Greater Los Angeles-Orange County Region at CBRE
4/23/14
Lewis Horne has been promoted to President, Greater Los Angeles-Orange County Region at giant real estate services firm CBRE Group Inc.
“This is a well-deserved promotion for Lew,” said Cal Frese, Chief Executive Officer, A...
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• Santa Cruz Holiday Inn Express Hotel & Suites Sells for $16.5 Mil
4/23/14
San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have acquired the three-story, 100-room Holiday Inn Express Hotel & Suites in Santa Cruz. The property, located at 1410 Ocean St, traded at a price of $16.5 ...
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• Rehabilitation Work Completed on 184-Unit Low Income Senior Housing Project in LA
4/21/14
USA Properties Fund has completed work on Huntington Plaza Apartments, a 184-unit low-income senior housing community in the Los Angeles suburb of Huntington Park. WNC provided $5.6 mil in low-income housing tax credit (LIHTC...
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• William Warren Group Spends $33 Mil on Six CO Self-Storage Assets
4/18/14
In notable self-storage deal news, William Warren Group (WWG) purchased six self-storage facilities in Colorado for $33.24 mil. The six locations consist of 353.9k sf of space and 2,692 units.
“We believe there is a signific...
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• Some Industrial Buildings Exempted from New California Energy Commission Regulations
4/17/14
Responding to inquiries from commercial real estate professionals regarding the scope of new regulations for industrial buildings stemming from the recently implemented energy consumption disclosure requirements in California...
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• Johnson Capital Arranges $11.5 Mil Financing on North Dakota Hotel Property
4/14/14
Daniel Lisser, Senior Managing Director in Johnson Capital’s New York City office, arranged $11.55 mil in financing for the 147-room Grand Williston Hotel & Conference Center in Williston, North Dakota. The five-year fixed-ra...
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• Salt Lake City Industrial Sale Comes in at $15 Mil
4/11/14
Pacific Landing III, a 345.7k sf distribution building in Salt Lake City, was bought by Exeter Property Group for $15 mil ($43/sf) in what we’re told is the largest industrial property sale in the city so far for 2014.
The b...
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• Richard Knorr Joins Johnson Capital as VP
4/10/14
Richard Knorr has joined Johnson Capital’s Southern California team as Vice President in the Irvine office. In this new role, Knorr will be advising commercial property investors and arranging debt and equity financing for th...
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• Industrial Property Trust Spends $11.5 Mil on Houston Ind Facility
4/10/14
Industrial Property Trust Inc has acquired the newly constructed Century Distribution Center, a 149.5k sf distribution facility located in Houston, TX, for $11.5 mil ($77/sf). The Class A property is currently 100% leased to ...
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• Marcus & Millichap Names Top 10 Producers for 2013
4/09/14
National real estate services firm Marcus & Millichap Capital Corp (MMCC) has named its top 10 loan originators of 2013. Seven of the top 10 are based in Southern California.
MMCC’s top 2013 loan originators in descending o...
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• Lincoln Property Company Awarded Management Assignment for Anaheim Regional Transportation Intermodal Center
4/08/14
Lincoln Property Company has been selected as the new property manager for the (ARTIC), the $188 mil transportation hub that is currently transforming the skyline between Honda Center and Angel Stadium in Anaheim. Upon comple...
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• JCR Capital Launches Third Fund
4/04/14
JCR Capital (JCR), a Denver-based finance company catering to middle market commercial real estate sponsors, has launched its third fund, the JCR Capital Commercial Real Estate Finance Fund III, LP. JCR is targeting a total...
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• Hines to Develop 23-Story Office Tower in Houston’s Victory Park
4/02/14
Texas-based Hines has announced plans for a new 23-story office tower in Houston’s Victory Park. The 470k sf tower will be located at 2371 Victory Ave, just north of Hines' One Victory Park development.
The Cla...
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• Laurie Lyons Joins Cardinal Group Management
4/02/14
Laurie Lyons has joined Cardinal Group Management as a Principal. In her new role, Lyons will be responsible for business development, client relations and strategic consulting of property management operations.
Lyon’s nearl...
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