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• Ryan Chapman Elected to CMBA’s Board of Directors
10/07/13
Johnson Capital Senior Vice President Ryan Chapman was elected to the Board of Directors of the California Mortgage Bankers Association. Chapman, a dedicated supporter of CMBA for many years, helped organize CMBA’s annual We...
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• Bergsen & Haller Arrange $17 Mil on Office Property in Downtown LA
10/01/13
Robert Shallenberger of Bergsen & Haller has arranged a $17.2 mil loan secured by The TERRACES, a 10-story, 113.5k sf office building in Downtown Los Angeles.
Located at the intersection of San Pedro and 3rd Street in Littl...
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• Vegas Office/Retail Asset Trades Hands
9/30/13
E-Grand Ventures LLC has purchased a 137k sf, Las Vegas retail/office building located at the Mall at Grand Canyon in an all-cash transaction. The property, located at 4245 S. Grand Canyon Pkwy, was sold by Karlin Grand Canyo...
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• Real Capital Advisors Arranges Five Loans Totaling $11 Mil
9/25/13
San Diego-based Real Estate Capital Advisors has closed five loan transactions totaling $11.25 mil for commercial real estate properties in Southern California, Nevada and Georgia. In the largest of the transactions, the com...
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• Boulder City, NV Self-Storage Facility Purchased for $5 Mil
9/20/13
Red Mountain Storage, a 112k sf, self-storage facility in Boulder City, NV, recently sold for $5.2 mil, which equates to $46.52/sf. The property was acquired by a real estate investment trust.
Red Mountain Storage was origin...
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• ICSC Western Division Conference and Deal Making Starts Today
9/18/13
Starting today, the International Council of Shopping Centers (ICSC) is once again hosting the 2013 Western Division Conference and Deal Making. The event, at the San Diego Convention Center, is one of the organization’s larg...
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• State of CA Inks Build-to-Suit Lease for New Testing Facility in Fontana
9/17/13
The State of California signed off on a 20-year lease with Beverly Hills-based DW Development for a 7.4k sf build-to-suit building on approximately six acres of land in Fontana. The total consideration of the lease, consistin...
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• TEXAS - Parallel Capital Partners Picks Up 850k sf of Office Space in Irving, TX
9/16/13
Parallel Capital Partners Inc has acquired Urban Towers in Irving, Texas – two Class A high-rise office towers – from CB Richard Ellis Strategic Partners U.S. The concrete and steel mirrored glass complex totals more than 850...
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• Salt Lake City Office Portfolio Acquired with $54 Mil in Financing
9/12/13
In a large Utah financing deal, HFF has arranged a $53.9 mil on a four-property, Class A office portfolio totaling 440,7k sf in Salt Lake City. The borrower was a venture between a subsidiary of a fund managed by Oaktree Capi...
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• Thorofare Capital Funds $8.2 Mil Recapitalization Loan on GA Multifamily Portfolio
9/11/13
Thorofare Capital recently funded an $8.22 mil, non-recourse recapitalization loan for a three-property multifamily portfolio in Georgia containing 420 units. The properties are owned by an Arizona-based distressed real estat...
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• Sonnenblick-Eichner Arranges $23 Mil on OR Coastal Hotel
9/11/13
Sonnenblick-Eichner Company arranged $23 mil of first mortgage financing for the Surfsand Resort, a full-service resort hotel located in Cannon Beach, along Oregon’s northern coast. The 97-room resort offers 3.6k sf of meeti...
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• Moss Adams Inks Lease for 19k sf of Office Space in Albuquerque, NM
9/09/13
Moss Adams LLP agreed to a lease for 19k sf of space at Two Park Square, a 182.9k sf office building located in the heart of uptown in Albuquerque, NM.
Recently relocating from a nearby property, Moss Adams was able to con...
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• Investors Spend $7.5 Mil on 1,113 Self-Storage Units in Tucson
9/06/13
Capitol Self Storage, a three-property, 1,113-unit self-storage portfolio located in southern Arizona, recently traded hands at a price of roughly $7.5 mil ($6.7k/unit). The sellers are from Tucson and have been in the local ...
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• Draftsmen & Craftsmen
8/30/13
Construction has begun on the renovation and addition to the Davidson Library at the University of California, Santa Barbara (UCSB). The project includes seismic upgrades, renovations and fire alarm and life safety system upg...
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• Seattle a-Twitter Over New Office Lease at Century Square
8/28/13
San Francisco-based Twitter has leased 16k sf of space at Century Square in Seattle. Located at 1501 Fourth Ave, Century Square is a 30-story LEED Silver-certified office building with panoramic views of the Puget Sound. Term...
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• Hines and PCCP LLC Purchase Phoenix Class A Office Property
8/27/13
Kierland One, a Class A, 175.4k sf office building located in the North Scottsdale Airpark submarket of Phoenix, was acquired by Texas-based Hines along with joint venture equity partner PCCP LLC. The price was not immediate...
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• Restoration Work Completed on Historic Atascadero City Hall
8/26/13
Repair work on the historic City of Atascadero City Hall was just completed. The structure was severely damaged by the San Simeon earthquake in December of 2003, and subsequently red-tagged as uninhabitable. The work, which i...
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• Auction.com Facilitates Sales of Six Properties and Two Notes During Last Week of July
8/22/13
Popular online real estate marketplace Auction.com facilitated the closing of six commercial assets totaling more than $14 mil in purchase price and two commercial notes totaling $465k in value during the week of July 31, 201...
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• Retail Briefs
8/20/13
TEMECULA (Riverside County) -- A free-standing, 13.6k sf retail building sold for $3.525 mil ($259/sf). Built in 2001 and situated on 1.12 acres, the property is located at 40810 Winchester Rd and is 75 percent occupied by Ha...
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• Property Tax Filing Deadline for Much of California Approaching Fast
8/15/13
Here’s a helpful reminder to property owners, managers, real estate directors and other professionals overseeing real property matters – the property tax filing deadline for 2013 tax season ends September 16, 2013. This appli...
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