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• Continental Funding Group Arranges Over $10.5 Mil on Four Multifamily Assets for a Single Borrower
12/29/15
Continental Funding Group (CFG) has arranged financing on four multifamily assets located in Los Angeles and San Diego Counties on behalf of a SoCal-based private investor. The transactions were arranged by Managing Director ...
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• Admiral Capital Group and Bay West Development Pick Up Silicon Valley Retail Asset
12/24/15
Admiral Capital Group and Bay West Development have acquired San Tomas Plaza Shopping Center, a 119.8k sf retail complex in Campbell, CA. The property represents Admiral’s second investment in the Bay Area and its first join...
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• Kirkland & Ellis LLP Inks Lease for 62k sf at New Houston Office Tower
12/23/15
Hines, the international real estate firm, announced today that the international law firm of Kirkland & Ellis LLP, an international law firm, has signed a lease for 62k sf of space at 609 Main at Texas, a new office tower de...
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• Strategic Storage Growth Trust Inc Acquires Three Self-Storage Facilities in TX and CO
12/22/15
Strategic Storage Growth Trust Inc (SSGT) has acquired three self-storage facilities totaling 196.3k sf of storage space and 1,400 units for $26.7 mil. SSGT is sponsored by SmartStop Asset Management LLC.
The portfolio consi...
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• Draftsmen & Craftsmen
12/22/15
Renovation and modernization work of the East Tower Nursing Unit at Sharp Grossmont Hospital in La Mesa has been completed. The $26 mil project by general contractor C.W. Driver delivers facility upgrades local taxpayers appr...
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• San Diego State University Student Housing Community Sells for $69.5 Mil
12/18/15
Fifty Twenty-Five, a 260-unit, 942-bed, Class A luxury student housing community serving San Diego State University, was purchased for $69.5 mil ($267.3k/unit). It was acquired free and clear of existing debt by FPA MultiFami...
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• Bixby Land Buys 71k sf Mission Viejo Office Building
12/16/15
Bixby Land Company has purchased Mission Heritage Center, a four-story, 71k sf office building in Mission Viejo, for $15.6 mil ($220/sf). The property was sold by New York Life Real Estate Investors.
The acquisition repres...
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• OR Manufacturing Facility Sells for $7.5 Mil
12/15/15
Watumull Properties Corp paid $7.5 mil for a 205.3k sf ($36.50/sf), manufacturing facility in Milwaukie, OR. The building, located at 3901 SE Naef Rd, was formerly owned by Blount International Inc, an outdoor equipment manuf...
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• Mission Capital Advisors Arranges $13 Mil on 127-Acre Industrial Asset in Sacramento
12/15/15
Mission Capital Advisors has arranged a $13 mil floating-rate loan from a private specialty finance lender, secured by Capital Commerce Center, a multi-faceted, 127-acre, primarily industrial property in Sacramento. The prope...
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• 300-Unit Los Angeles Apartment Property Sells for $66.5 Mil
12/14/15
Emerald Terrace, a 302-unit multifamily property in Los Angeles, sold for $66.5 mil, or $220k/unit. Built in 1971, the property is located at 160 S. Virgil Ave, south of Beverly Blvd between LA’s Silver Lake and Koreatown sub...
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• Commercial Real Estate Pros Getting into the Holiday Spirit at Annual Industry Events
12/14/15
It’s the holiday season and, like many of you, RENTV has enjoyed meeting up with friends and business colleagues at a few recent holiday get-togethers. A couple of notable events we had the pleasure of attending were annual p...
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• Continental Funding Group Arranges Nearly $15 Mil in Two Antelope Valley Financings
12/14/15
Continental Funding Group (CFG) has arranged separate financings for two different local owner-operators of commercial properties in in the Antelope Valley area of Los Angeles County. Both transactions were arranged by CFG Ma...
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• Hanley Investment Group Real Estate Advisors Raises $35,000 for Movember
12/11/15
Hanley Investment Group Real Estate Advisors has raised awareness and critical funds for men’s health in November, one moustache at a time. Hanley Investment Group raised $35,000 for The Movember Foundation, surpassing what t...
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• Renovation of CO Office Property Transforms Class B Space into a Modern, Class A Environment
12/09/15
Elion Partners completed a capital improvement program at 5889 Greenwood Plaza Blvd, a 90k sf office property in Greenwood Village, CO. The significant, state-of-the-art renovations transformed the Class B suburban office pro...
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• Xebec and Cornerstone to Develop 360k sf Spec Industrial Park in Sun Valley
12/09/15
Xebec and Cornerstone Real Estate Advisors have teamed up to develop a state-of-the-art industrial park in the northeastern San Fernando Valley community of Sun Valley. The Class A project will consist of two warehouse buildi...
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• Unique Retail Property in Phoenix Trades Hands
12/08/15
SimonCRE purchased the 1917 OS Stapley Buildings, a 36k sf, multi-building property located in the up and coming Lower-Grand Avenue Business District in downtown Phoenix. The asset was sold by Abromovitz Grand Avenue Partners...
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• Meridian Closes Out Active 2015 with $5 Mil Sale of Fairfield Dialysis Clinic
12/08/15
An 8.7k sf, dialysis clinic in Fairfield, CA was purchased for $5.15 mil ($592/sf) in a recent acquisition by a private investor in a 1031 exchange. The transaction came in at a cap rate of 5.5%. The property was sold by Meri...
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• Swift Real Estate Partners Buys 110k sf OC Office Complex
12/07/15
A Swift Real Estate Partners entity has purchased McCabe Corporate Center, a three-building, 109.5k sf low-rise office complex in Irvine. The acquisition was funded with $24.2 mil in non-recourse financing arranged by CBRE Ca...
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• Menashe Properties Gives Leasing Assignment for New Portland Office Building to CBRE
12/04/15
Menashe Properties has awarded CBRE the leasing assignment for a new six-story office building in downtown Portland’s West End. The building, 12th and Morrison, is located at 1127 SW Morrison.
12th and Morrison contains 60k ...
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• Construction Topped Out at 64k sf Project for Santa Monica College
12/03/15
Construction has just topped out on Santa Monica College’s (SMC) new Health, Fitness, Dance and Physical Education Building, a 63.8k sf project that is part of the main SMC Campus. The new building, which is being built by Be...
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