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• Dedeaux Properties Partnership Acquires Six Industrial Assets in CA
2/13/17
In a recent transaction involving a portfolio of industrial properties in California, HFF arranged a joint venture equity partnership and represented the partnership in its acquisition of the six-property portfolio, and in it...
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• Single-Tenant Grocer Property in Los Angeles Sells for $728/sf and a Cap Rate of 3.99%
2/13/17
A 24.6k sf, single-tenant, retail building occupied by Numero Uno Markets in Los Angeles was purchased for $17.9 mil ($728/sf) by an unidentified local private investor. The deal closed at a capitalization rate of just 3.99%....
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• DRA Advisors Spends Over $1 Bil on 19.8 msf Industrial Portfolio
2/10/17
New York City-based investment advisory firm DRA Advisors LLC has paid $1.07 bil for a 19.8 msf industrial portfolio, on behalf of its funds. The assets were sold by Boston-based private equity real estate firm Cabot Properti...
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• Trammell Crow Company Starts Work on 1.5 msf Industrial Project in Riverside
2/10/17
Trammell Crow Company's (TCC) SoCal—Newport Beach Business Unit has begun construction on Columbia Business Park, a new Class A, 1.46 msf spec industrial development located in the city of Riverside. TCC was selected for the ...
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• Barker Pacific Group and WHI Real Estate Partners Team up in Sacramento Office Buy
2/08/17
In a recent Sacramento-area office buy, a joint venture between Barker Pacific Group (BPG) and WHI Real Estate Partners (WHIREP) has acquired Olympus Corporate Center, a Class A asset in Roseville, in a deal valued at $33.85 ...
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• Tech Firm Signing is a Virtual Reality for Marina Business Center
2/08/17
Upload Inc recently signed a lease for 20k sf of office space in Marina Del Rey. The lease, valued at $8.25 mil, is for a term of seven years and two months, which averages out to about $4.80/sf/mo. The building is located at...
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• AJ Capital Partners Obtains $100 Mil in Financing for Purchase of Two Graduate Hotel Properties
2/07/17
Mission Capital Advisors has arranged nearly $100 mil in non-recourse acquisition financing for AJ Capital Partners to acquire and renovate two Graduate Hotel properties in Seattle and Minneapolis.
The Graduate Hotels bra...
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• Superwinch Leases 39k sf at Portland Biz Park
2/07/17
Superwinch LLC has leased 38.8k sf of space at Koch Corporate Center, a 533.5k sf industrial park in Tualatin, OR. Terms of the deal were not disclosed.
Koch Corporate Center is located at SW 115th and Tualatin-Sherwood Rd. ...
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• BKM Capital Partners Launches Second Industrial Fund
2/06/17
BKM Capital Partners has launched its second institutional fund, BKM Industrial Value Fund II, L.P., which will target $300 mil in equity commitments, delivering $850 mil in buying power. The firm is an institutional fund man...
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• Nevada Res Community Traded in $35 Mil Deal
2/02/17
LandCap Investment Partners LLC and its capital partner, Strand Corporation, have acquired Marina Village Apartments, a 240-unit apartment community in Sparks, NV, for $35 mil ($146k/unit) in an off-market transaction. The ac...
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• Murphy Development Company Buys 540k sf Industrial Asset in Otay Mesa
2/01/17
Murphy Development Company (MDC) recently closed on the purchase of a two-building, 540k sf industrial property in the Otay Mesa submarket of south San Diego County. Additionally, NGKF has negotiated a lease-back with the sel...
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• Newmark Arranges $13.8 Mil on Historic Office Property in Spokane, WA
1/31/17
Newmark has arranged $13.8 mil in financing on the historic US Bank building located at 422–428 West Riverside Ave, north of I-90 and southwest of Gonzaga University in downtown Spokane, WA. The building is anchored by US Ban...
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• 340k sf Texas Biz Park Trades Hands
1/31/17
Mason Creek Business Center, a four-building, 339.9k sf industrial property in Katy, TX, was acquired by an unnamed investor. The Class A property, located at 21201 – 21501 Park Row Dr, was sold by a partnership between., act...
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• Hines and Cambria hotels & suites underway on a 136-room hotel project in Chandler, AZ
1/30/17
In an update about a new West Coast hotel development from the end of 2016, Hines and Cambria hotels & suites broke ground on Chandler Viridian, a 136-room project in Chandler, AZ slated to open later this year.
The project ...
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• Retail Asset in L.A.’s Silver Lake Area Fetches almost $1,300/sf
1/27/17
The Silver Lake Collection, 10.5k sf of urban street-front in L.A.’s Silver Lake area, was acquired for $13.3 mil ($1,267/sf) by a subsidiary of Strategic Realty Trust Inc, a San Mateo-based real estate investment trust. Situ...
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• AZ Self-Storage Facility Trades in $9.5 Mil Transaction
1/26/17
In a recent self-storage sales comp, Extra Space Storage purchased the 783-unit StorQuest Self Storage facility in Chandler, AZ for $9.5 mil. The property is located at 2150 N. Arizona Ave, west of McQueen Rd and south of Hwy...
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• Commercial Real Estate Financing Briefs
1/25/17
PARTNERS CAPITAL - Partners Capital has funded an $8 mil, cash-out refi on a 30k sf industrial building in downtown San Francisco. The sponsor is under contract to sell the building to a buyer who plans to redevelop the site....
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• NAIOP SoCal Names Its 2017 Executive Committee
1/25/17
NAIOP SoCal, the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate, welcomes its 2017 Executive Committee and Board of Directors, encompassing a diverse collecti...
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• Tech Firms Take 37k sf of Space at Burbank Media District Office Building
1/25/17
There have been two recent leases by tech-related companies at 4000 West Alameda Ave, a six-story office building in Burbank’s Media District. The leases account for more than 37k sf of space and total about $12 mil in value....
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• Talonvest Capital Structures $36 Mil in Construction Loans on Self-Storage Properties
1/24/17
Talonvest Capital Inc recently structured and negotiated over $36 mil of construction loans for various self-storage owners. The financing assignments included a $13.35 mil ground up construction loan for the development of ...
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