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November 29, 2023
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• Stratford Partners and Pathfinder Partners Pay $15 Mil for Tempe, AZ Multifamily Asset
10/23/13
Dorsey Place, an 84-unit, condominium-style apartment building on East University Drive in Tempe, AZ, sold for nearly $15 mil ($178.5k/unit). San Diego-based Stratford Partners and Pathfinder Partners, which had purchased the...
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• Trigild Named Liquidating Trustee for $50 Mil Retail Portfolio
10/22/13
San Diego-based Trigild has been appointed liquidating trustee for a $50 mil portfolio of 37 strip centers encompassing 600,000 square feet of retail space. Trigild specializes in property/asset management and fiduciary serv...
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• TEXAS - Out-of-State Investor Buys 168-Unit Dallas Multifamily Community
10/21/13
An Illinois-based limited liability company has acquired Ashton Oaks, a 168-unit luxury multifamily community in North Dallas. The price was not disclosed. Built in 1988 on approximately seven acres, Ashton Oaks is located a...
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• Salem, OR Office Building Changes Hands
10/18/13
Jody Bostater LLC bought a 60k sf office building in Salem, Oregon. The property address is 3150 NE Lancaster Drive, NE, east of I-5 and south of Silverton Rd NE. Scott Weigel and Preston C. Greene of CBRE, along with Raymon...
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• Commercial Real Estate Financing Briefs
10/17/13
NORTHMARQ CAPITAL -- Marty Meagher and Gardiner Champlin, managing directors of NorthMarq’s San Diego regional office, secured acquisition financing of $24.1 mil for The Palms on Westheimer, a 798-unit multifamily apartment c...
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• Doodle Properties Invests in Pahrump
10/17/13
In a Nevada medical office property buy, a 12.5k sf building sold for $3.8 mil, or just over $300/sf. The building is located at 330 Lola Lane in Pahrump, located about 65 miles west of Las Vegas on the Nevada side of the bor...
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• TEXAS - LA Fitness Popular in Houston
10/16/13
A 45k sf, LA Fitness facility in the city of Houston recently sold for $12 mil ($267/sf). The high-quality property is located at 9633 Westheimer Rd, in a wealthy area of Houston. The property is surrounded by Wal-Mart, Hom...
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• TEXAS - Hines to Master-Plan High-End Community on 46-Acre Houston Site
10/15/13
In development news out of Houston, TX-based Hines picked up a 46-acre tract of land inside the 610 Loop at Interstate 10, located on Old Katy Rd behind Star Motor Cars and next to The Houston Design Center The firm plans to ...
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• Morley Builders President Mark Benjamin Dies in Plane Crash
10/14/13
As most of you probably already know, Mark Benjamin, President and CEO of Santa Monica-based Morley Builders, died on September 29, 2013 in a tragic airplane accident that also took the life of his son Lucas Robert Benjamin a...
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• TEXAS - Dornin Acquires Two Value Add Office Buildings in Houston, TX
10/14/13
Dornin Investment Group has acquired two well located, Class B office buildings located in the prestigious Energy Corridor office submarket in Houston. The buildings, totaling 165k sf, were purchased in an off-market transact...
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• RLJ Lodging Trust Buys SpringHill Suites by Marriott Portland Hillsboro Hotel
10/10/13
In a Portland area hospitality buy, RLJ Lodging Trust has purchased the SpringHill Suites by Marriott Portland Hillsboro hotel on behalf of an entity consisting of affiliates of CPA®:17 – Global, a publicly held non-traded RE...
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• TEXAS - Vegas Investment Group Acquires 344-Unit Texas Multifamily Asset
10/09/13
In a large Texas multifamily buy, a Las Vegas-based investment firm purchased Coppermill Apartments, a 344-unit apartment complex on San Antonio’s northwest side. The terms of the sale were not released. Coppermill Apartment...
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• TEXAS - Wood Partners Begins Work on 249-Unit Res Development in Dallas
10/08/13
Wood Partners has broken ground on a $36.3 mil, four-story apartment community adjacent to a Dallas Area Rapid Transit light rail station. The project, Alta Maple Station, is expected to be completed in early 2015. Alta Map...
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• Sabal to Add Joint Venture Equity Platform to Its Product Offerings
10/08/13
Sabal Financial Group has launched a new $2 – 10 mil joint venture equity platform for owners and operators of commercial real estate. Sabal’s new offering will provide equity in connection with value-add and reposition oppor...
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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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