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• Newcastle Partners Finishes Work on 147k sf Industrial Facility
3/29/17
Newcastle Partners Inc recently wrapped up construction of Knox Logistics Center, a 147k sf industrial building in Moreno Valley. Valued at approximately $14 mil, the property is located at 17610 Harvill Ave, north of Harley ...
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• Work Commences on Los Angeles LGBT Center’s new Anita May Rosenstein Campus
3/27/17
Work has just started at the Los Angeles LGBT Center’s new Anita May Rosenstein Campus, located at 1116 N. McCadden Place, off Santa Monica Blvd in Los Angeles.
Slated for opening in early 2019, the revolutionary new campus...
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• Rockies Lodging Capital Buys Two CO Hotel Properties
3/27/17
Colorado-based Rockies Lodging Capital has purchased a 113-room Residence Inn and 112-room Courtyard located at 1127 and 1200 Oakridge Drive in Fort Collins, CO. The price was not disclosed.
These strategically located Marri...
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• Investor Pays $17.5 Mil for Phoenix Multifamily Asset
3/23/17
Clarendon Park, a 138-unit apartment community in Phoenix, traded hands in a recent sale worth $17.5 mil, or $127k/unit. The property, located at 222 W. Clarendon Ave, was acquired by Phoenix-based Rincon Partners LLC.
Buil...
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• $9 Mil Renovation Completed at Chula Vista Retail Center
3/23/17
Brixton Capital has completed work on its newly revamped Gateway Marketplace, a 109.2k sf retail center in Chula Vista. The center sits on 8.8 acres at Fourth Avenue and C St. San Diego-based SCA Architecture handled the plan...
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• Commercial Real Estate Financing Briefs
3/22/17
HUNT MORTGAGE GROUP – Chris Warren with Hunt Mortgage Group arranged an $11.6 mil Fannie Mae loan to facilitate the acquisition of a multifamily property located in Houston, TX. The property, Oaks of Ashford Apartments is a g...
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• Daly City Site Acquired for Development of High-Density Housing
3/21/17
In development news out of the Bay Area, AMG Development picked up a 1.15-acre, vacant parcel located in Daly City on which they plan to construct a 206-unit, seven-story high density residential project. The site, which is l...
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• NSB Developing Creative Office Project in El Segundo
3/20/17
SoCal-based NSB Associates is developing Ascend, a stand-alone, 80k sf creative office building designed by legendary architect Frank Gehry. Located at the Utah Avenue Campus in El Segundo, the building is expected to be avai...
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• TMG Partners Planning to Redevelop San Francisco Medical Property into Residential Housing
3/20/17
Big plans await the California Pacific Medical Center (CPMC) Sutter Health campus site in San Francisco, as TMG Partners submitted a Preliminary Project Application and Environmental Evaluation for a proposed residential proj...
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• Vegas Multifamily Property Sells for $113k/Unit
3/17/17
Conejo Villas Apartment Homes, a 252-unit multifamily property in Las Vegas, traded hands for $28.5 mil, or $113k/unit. The property is located at 5060 W. Hacienda Ave, just west of Decatur Blvd.
Built in 1999, Conejo Villas...
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• New 221k sf Industrial Development Completed in Jurupa Valley
3/16/17
Galena Business Park, a new $13.3 mil industrial office park in the Inland Empire’s Jurupa Valley, has just been completed. Located at the corner of Galena St and Troy Ct, Galena Business Park consists of five high-bay indust...
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• Trojan Storage Spends $6.6 Mil on Burbank Property for Conversion to Self-Storage
3/15/17
Trojan Storage recently purchased a 40k sf industrial building on approximately 1.5 acres of land in Burbank with plans to convert the property into a self-storage facility. The firm paid $6.6 mil for the land, located at 101...
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• Draftsmen & Craftsmen
3/14/17
Shea Properties recently saw construction wrap up on its new Shea Center Carlsbad, a 114.5k sf, Class A industrial development in Carlsbad. The project is located at 6131-6133 Innovation Way, within the exclusive master-plann...
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• Stockdale Capital Partners Pays $23.5 Mil for OR Office Complex
3/14/17
Stockdale Capital Partners paid $23.5 mil for Gresham Station Medical Plaza, a 100.4k sf ($234/sf), four-building medical office complex in the suburban Portland community of Gresham, OR. The asset was sold by Westlake Realty...
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• Greystone Arranges $37 Mil in Fannie Mae Refi Money on TX res Community
3/13/17
Southlake, TX-based Integrated Real Estate Group recently obtained $37 mil in Fannie Mae DUS® refinancing on Enclave at Westport, a 339-unit, Class A multifamily community in the Dallas / Fort Worth Metroplex area. The proper...
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• Mission Capital Advisors Arranges $20 Mil on San Diego Area Hotel Asset
3/13/17
Mission Capital Advisors arranged a $20.75 mil ramp loan for the Hotel Karlan, a 174-key, soft-branded DoubleTree by Hilton in northern San Diego. The property is located at 14455 Penasquitos Dr, within the Carmel Mountain Ra...
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• Walker & Dunlop Arranges $75 Mil in Freddie Mac Money on Four Res Properties
3/10/17
Walker & Dunlop Inc structured loans totaling $75.6 mil with Freddie Mac for four multifamily properties located in AZ and TX. The assets are all Class B, garden-style apartment complexes.
The portfolio’s four loans were str...
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• 63-Property Portfolio Trades in $127 Mil Deal
3/09/17
Sansome Pacific and the Fortress Investment Group closed on the acquisition of a 63-property retail portfolio for $127 mil. The assets, sold by Zurich Alternative Asset Management, are spread across 15 states.
The proper...
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• Sonnenblick-Eichner Company Arranges $41 Mil on Portland Hotel
3/08/17
Sonnenblick-Eichner Company has arranged $41 mil of first mortgage financing for Hotel Eastlund, located in Portland, OR. The financing was a non-recourse, 10-year fixed rate loan provided by an international money center ban...
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• Local Investor Picks Up Full City Block on San Diego’s Coronado Island
3/08/17
Local real estate company Kleege Enterprises has acquired a full city block on San Diego’s Coronado Island in a recent $22 mil transaction. The land is known as the Coronado Island Assemblage.
Coronado Island Assemblage sits...
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