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• Three Seattle Office Buildings Sell for $13.6 Mil
2/03/14
Three office buildings totaling 80.7k sf of space in Seattle recently sold for $13.65 mil. The buildings are located at 2, 4 and 6 Nickerson, along the water near Fremont, about three miles north of downtown Seattle.
The bu...
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• MIG Real Estate Buys 123k sf Vegas Office Portfolio
1/31/14
Newport Beach-based MIG Real Estate has acquired Sansone Pecos II in the southeast Las Vegas suburb of Henderson. The eight-building portfolio of Class “A” medical office/office buildings totals 122.9k sf space. The price was...
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• Hager Pacific Properties’ Buying Spree Includes Eight Acquisitions Over the Last 90 Days
1/29/14
Hager Pacific Properties (HPP) has acquired eight properties over the past 90 days, adding significantly to its 12 msf portfolio. Over the past three months, HPP’s new acquisitions include a distribution building in Central L...
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• Johnson Capital Arranges $30 Mil for Planned Res Development in Florida
1/29/14
Scott Graber, Senior Vice President in Johnson Capital’s Denver office, has arranged a $29.66 mil construction-to-perm FHA Section 221(d)(4) loan secured by a planned 250-unit apartment complex located in Navarre, FL.
The p...
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• Houston Office Tower to Undergo Multi-Million Dollar Re-Do
1/29/14
Hines is about to embark on a multi-million-dollar modernization and repositioning of Two Shell Plaza, a 565k sf office building in the epicenter of downtown Houston. The property, which is located on the block bounded by Lo...
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• ULI Presenting a New Two-Day Value-Add Real Estate Development and Investment Course
1/28/14
The Urban Land Institute is presenting a two-day course entitled: Value-Add Real Estate Development and Investment to be held February 10-11, 2014 at the Marina Del Rey Marriott in Marina Del Rey.
Martin McDermott, princip...
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• Investor Picks Up Industrial Building in Hempstead, TX
1/27/14
A 108k sf industrial building in Hempstead, TX was purchased by a limited liability investment entity. The property, located at 1000 Blasingame Rd, is NNN-leased to Logan Industries International Corp, an industry leader in h...
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• Cohen Financial Arranges $5.7 Mil for Two OR Self-Storage Properties
1/24/14
Peter C. Norrie, Managing Director of Cohen Financial’s Portland office, has arranged $5.7 mil in long-term financing for two self-storage facilities in Oregon. One of the properties, Iron Gate Beaverton Self Storage, is a 40...
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• Thorofare Capital Provides $12.6 Mil for Distressed Property Portfolio
1/23/14
Thorofare Capital has provided a Los Angeles-based private investment firm with $12.65 mil in acquisition financing for an unpaid balance, non-performing note portfolio secured by two office properties in Pennington NJ, a two...
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• Industrial Property Trust Inc Buys 97k sf WA Distribution Center
1/21/14
Industrial Property Trust Inc (IPT) has acquired the West Valley Distribution Center, a 97k sf distribution facility located in Kent, WA, a key submarket of the competitive Seattle/Tacoma industrial market. The property is cu...
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• Seattle-Area Life Sciences Campus Sells
1/17/14
Highlands Corporate Center, a three-building, 173.3k sf office/life sciences complex in Bothell, WA, traded hands. The assets were sold by Bentall Kennedy. Bothell is considered to be part of metro Seattle’s Eastside.
Jones ...
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• 522-Unit Lakewood, WA Apartment Community Trades Hands
1/16/14
Bridge Investment Group Partners purchased Village at Seeley Lake, a 522-unit multifamily property in the Tacoma submarket of Lakewood, WA. The Village at Seeley Lake is located at 5719 95th Street SW in Lakewood, with conve...
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• Venture West Funding Arranges $19 Mil to Refi Six LA-Area Apartment Buildings
1/15/14
El Segundo-based Venture West Funding Inc has arranged loans totaling $19.2 mil for the refinancing of six apartment buildings located in Inglewood and Los Angeles. The loans were funded through Luther Burbank Savings and Cha...
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• Berkeley Point Capital Arranges $37 Mil in Acquisition Money for TruAmerica Multifamily’s Latest Buy
1/14/14
In an update to major multifamily buy in the state of Washington that RENTV first reported a couple of weeks earlier, Berkeley Point Capital arranged $37.535 mil in financing for TruAmerica Multifamily’s $54 mil ($174.8k/unit...
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• McCann Realty Partners Starts Work on 350-Unit Houston Res Project
1/09/14
McCann Realty Partners LLC has started construction on Radius at Shadow Creek Ranch Apartments, a 350-unit development in the Pearland submarket of Houston, TX. The property is located in the Shadow Creek Ranch development on...
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• Portland Office Campus Awarded LEED Silver-Certification
1/07/14
Lincoln Center, a Class A, seven-building office campus located in Portland’s 217 suburban office market, has been awarded Leed Silver certification. Lincoln Center is the first office campus in Oregon to earn the LEED Exist...
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• Draftsmen & Craftsmen
1/03/14
C.W. Driver has recently completed construction on a 127k sf Bloomingdale’s department store, using iPad applications and technologies that allow a paperless job site to create a crisp and efficient construction time table fo...
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• TEXAS - Hudson Capital Investments Buys 200-Unit Texas Multifamily Property
1/02/14
Hudson Capital Investments, out of Charleston, SC, has purchased The Palms at Cinco Ranch, a 200-unit, 218.4k sf multifamily apartment complex in Richmond, TX, approximately 15 miles southwest of Houston. The terms of the sal...
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• CIM Group Opens Downtown Las Vegas Hotel/Entertainment Project
1/02/14
Downtown Grand Las Vegas, a modern boutique hotel, casino, and entertainment destination in downtown Las Vegas, recently opened to the public, in November of 2013. Downtown Grand features 634 hotel rooms in two towers—the 18...
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• Sirio North America Inks Industrial Lease in San Leandro
12/31/13
Sirio North America Inc leased 71.5k sf of industrial space at the Williams Street Industrial Park in San Leandro. Sirio, a provider of high-quality commercial grade outdoor furniture, will use the space for the assembly and ...
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