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• Vision Wheel Completes $17 Mil Reverse Exchange Transaction in the Inland Empire
9/21/15
Vision Wheel acquired a new 101.5k sf warehouse/distribution facility in Corona and also sold its former, 55.4k sf facility in Rancho Cucamonga in a “reverse exchange” transaction with a total value of $17.1 mil.
Vision Whe...
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• Zelman Development Recapitalizes 1.4 msf South Bay Biz Park
9/18/15
Zelman Development Co has recapitalized Century Business Center, a seven-building, 1.4 msf industrial manufacturing facility in Hawthorne, with $57 mil in new, senior financing money. Paul Brindley, Anthony Brent and Ryan Mar...
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• UC Berkeley Hotel to Become a Graduate
9/18/15
AJ Capital has obtained $31.5 mil in financing for the acquisition and repositioning of Hotel Durant, a hotel property in Berkeley. With the implementation of capital improvements, AJ Capital will reposition the existing hote...
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• Westwood Financial Corp Collects $14 Mil from Arizona Sale
9/17/15
Arrowhead Plaza, an 84.6k sf retail center in Glendale, AZ, was purchased for $14 mil ($166/sf) by an investor that also owns the adjacent center. Arrowhead Plaza, located at 20165 N. 67th Ave, was sold by Westwood Financial ...
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• Phillips Edison & Company Collects $13 Mil from Sales of Two Retail Assets
9/16/15
Cincinnati, OH-based institutional investment firm Phillips Edison & Company recently sold two shopping centers totaling 250k sf in the Western US in transactions with a combined value of roughly $13 mil.
In Blaine, WA, the ...
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• Wood Partners Breaks Ground on New Res Project in Downtown Phoenix
9/11/15
Wood Partners LLC has broken ground on Alta Fillmore, a 4.1-acre multifamily community in the heart of downtown Phoenix that will offer 230 units with superior amenities and high-end finishes. The project, located on Fillmore...
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• Upscale OC Hotel Property Refinanced with $21 Mil Loan
9/08/15
Grossman Company Properties has obtained $21 mil in refinancing for The Inn at Laguna Beach, a 70-room, luxury boutique hotel located along the Pacific Ocean in Laguna Beach. Timothy Wright and Scott Hall of HFF arranged the...
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• Fully Entitled, Partially Constructed Escondido Res Project Offered for Sale
9/08/15
City Plaza, a fully entitled mixed-use site in the city of Escondido, is being offered for sale. The property, entitled for 55 apartments units and 9.3k sf of commercial space, is located at 300-330 South Escondido Blvd, eas...
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• Stitch Fix Sews Up 365k sf Phoenix Industrial Facility
9/04/15
Stitch Fix recently inked a lease for a new, 365k sf distribution center in Phoenix. The facility, located on West Lower Buckeye Rd, will open in November 2015 and will help the company scale operations and better serve clien...
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• San Diego Developer Buys AZ Res Property with $27 Mil in Financing
9/02/15
Meridian Capital Group has arranged a $27 mil loan for the acquisition and renovation of Indian Springs Village, a multifamily property located in Mesa, AZ, on behalf of a San Diego-based multifamily developer.
Indian Spring...
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• Investors Close Buys of Two Bay Area Multifamily Assets
9/01/15
Two Bay Area multifamily developments totaling 90 units were purchased by private investors in separate deals. The properties, Marin Gardens and Skyline Vista Apartments, are both located within a 15-minute commute to San Fra...
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• The Bascom Group Wraps Up 157-Unit CO Res Buy
8/31/15
The Bascom Group LLC has acquired 52nd Marketplace, a 157-unit multifamily community located in rapidly improving submarket of Arvada, CO, for $21.6 mil ($138k/unit). The property, situated within the western portion of metro...
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• Triple-Net Retail Asset at Gateway to Popular CO Ski Resorts Sells for $1,500/sf
8/28/15
Silverthorne Investors LLC purchased a 100 percent-occupied, NNN 7-Eleven and Shell Gas Station along with a planned Dunkin Donuts Silverthorne, CO, a town of about 4,000 people situated roughly 65 miles west of Denver.
The...
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• Passco Buys 304-Unit TX Multifamily Asset
8/27/15
Passco Companies LLC has acquired Lone Oak Apartments, a recently completed, 304-unit multifamily community located in Round Rock, TX, a suburb of Austin. The property was sold by Abacus Capital Group in an off-market deal. T...
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• The Festival Companies Buys 55k sf San Diego-Area Retail Center
8/26/15
The Festival Companies, out of Los Angeles, purchased Sorrento Court, a 55k sf retail center in San Diego’s Sorrento Mesa submarket. The 96%-leased property was purchased with a $21.1 mil loan arranged by Meridian Capital Gro...
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• Soma Capital Partners Buys The LAB in Denver
8/25/15
The LAB, a newly completed 78.6k sf office building in Denver, was purchased by Soma Capital Partners (SCP) after completion of the development this month. The project is located at 2420 17th St, adjacent to I-25 at Platte St...
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• Hines-Led Venture Buys 311-Acre Site in Frisco, TX for Master-Planned Res Community
8/25/15
Hines and Trez Capital Limited Partnership, one of Canada's largest private real estate financiers, have acquired a 311-acre property in Frisco, TX, on which the partnership will develop Edgestone at Legacy, a signature singl...
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• JF Capital to Start Work on $28 Mil Upscale Res Project in Salt Lake City
8/20/15
JF Capital, a Utah-based real estate investment management and development firm, has obtained debt and equity funding to commence construction on a $28 mil luxury apartment development in downtown Salt Lake City. The 158-unit...
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• Sabal Financial Group to Sell $541 Mil Portfolio of Real Estate and Loans
8/20/15
Sabal Financial Group LP has decided to sell a $541 mil portfolio of real estate and performing, sub-performing, and non-performing loans, representing a portion of its managed asset portfolio. The offering consists of 11 di...
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• Google Buys 21k sf Mountain View Building It Currently Occupies
8/19/15
Google has purchased a single-story, 20.8k sf building in Mountain View from Drawbridge Realty for $14.9 mil, or $716/sf. The Class A office/R&D building is 100% leased to Google.
The property is located at 2637 Marine Way, ...
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