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June 18, 2024
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• Dominion Mortgage is Now Doing Jumbo Res Financing to $10,000,000
5/20/14
Dominion Mortgage Corporation, the residential lending division of Los Angeles-based Dominion Corporation, has ramped up its residential portfolio lending program in the Golden State by now offering jumbo residential loans up...
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• Newmark Realty Capital Arranges $24 Mil in Construction Money for Palo Alto Development
5/19/14
Newmark Realty Capital has arranged a $24 mil construction loan for a mixed-use condo development in downtown Palo Alto. Located directly off of University Ave, the new development will be four stories and will consist of tw...
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• CBRE Transitioning to “Free Address” Offices Across the Globe
5/15/14
CBRE has just unveiled two new offices in San Diego County as part of its global “Workplace360” initiative. The “free address” offices incorporate leading-edge workspaces designed to support the way employees work today and i...
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• Expert Panel Shares Their Thoughts on the Economy and the State of the Industry at NAI Global Market Outlook Event
5/14/14
By Steve Bloom The morning of this past Thursday, May 8th I had the pleasure of attending the 2014 NAI Global Market Outlook event, at the Beverly Wilshire Hotel, featuring Dr. Peter Linneman, Chief Economist at NAI Global a...
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• 195k sf Sale Sets PACE for Stockton Industrial Market
5/12/14
PACE Supply Corp has purchased a 194.9k sf Class A industrial facility in Stockton. The facility is located at 4819 Fite Ct, within the Arch Road Business Park. The seller was Mid-Valley Development LLC. PACE is a locally a...
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• Phoenix Industrial Property Sells for $9 Mil
5/12/14
DCT Industrial Trust purchased 5th Street Industrial, a 110k sf industrial building at 3405-3445 S. 5th St in Phoenix, AZ. The property was sold by Clarion Partners for $9 mil, or $82/sf. Located west of the I-10 in the hear...
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• Vegas Retail Asset Sells for $11 Mil
5/09/14
First Allied Corporation recently purchased a 60.1k sf portion of Spring Valley Town Center in Las Vegas. The retail asset was acquired from David Jewkes of Integris Realty Services, who acted as court appointed receiver on b...
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• Chris Meany of Wilson Meany Given City of Hope’s Spirit of Life® Award
5/07/14
The Spirit of Life® Award, City of Hope’s most prestigious philanthropic honor, was given Apr. 29 to Chris Meany of Wilson Meany in San Francisco at a standing-room-only benefit dinner which broke a record for the decades-old...
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• Greenlaw Partners and The Broe Group are Marketing Renovated 90k sf Tempe, AZ Office Asset for Lease
5/05/14
Greenlaw Partners and The Broe Group are marketing Tempe 10/60 Corporate Center (formerly known as Corporate Fountains), a 90k sf office project in Tempe, AZ, for lease. Demand for high density space in Tempe spurred demoliti...
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• Work Gets Started on 265-Unit Res Complex in Englewood, CO
5/01/14
Construction is under way on Elevation at County Line Station, a 265-unit apartment community in Englewood, CO. The new $44 mil project is being developed by Denver-based Grand Peaks Properties and was designed by KTGY Group ...
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• HFF Arranges $5 Mil for 44k sf Portland Office Buy
5/01/14
HFF arranged $5 mil in acquisition financing for the purchase of the Woodlark Building, a 43.9k sf historic office building in downtown Portland. The borrower is a joint venture between NFN Investments LLC and Arthur Mutual I...
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• Toyota to Relocate Three HQ Locations into New Facility to Be Built in Plano, TX
4/29/14
Toyota has announced that the company is establishing a new headquarters in North Dallas (Plano), TX for its North American operations in a move designed to better serve customers and position Toyota for sustainable, long-ter...
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• Retail Building in the Monterey Area Sells for $583/sf
4/25/14
A three-tenant, 25.2k sf building within the Edgewater on Monterey Bay shopping center in Sand City, CA sold for $14.7 mil, or about $583/sf. Built in 1996, the property is situated on two acres at 2080 California Ave in Sand...
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• Beech Street Capital Arranges $9 Mil Freddie Mac Loan on Longmont, CO Apartment Property
4/25/14
Beech Street Capital provided a $9.1 mil Freddie Mac CME loan to refinance Grandview Meadows Phase III, a 96-unit garden-style apartment complex in Longmont, CO. The borrower was M. Timm Development Inc, a real estate develo...
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• Lew Horne Named President, Greater Los Angeles-Orange County Region at CBRE
4/23/14
Lewis Horne has been promoted to President, Greater Los Angeles-Orange County Region at giant real estate services firm CBRE Group Inc. “This is a well-deserved promotion for Lew,” said Cal Frese, Chief Executive Officer, A...
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• Santa Cruz Holiday Inn Express Hotel & Suites Sells for $16.5 Mil
4/23/14
San Diego-based Trigild and Santa Barbara-based Blu Hotel Investors have acquired the three-story, 100-room Holiday Inn Express Hotel & Suites in Santa Cruz. The property, located at 1410 Ocean St, traded at a price of $16.5 ...
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• Rehabilitation Work Completed on 184-Unit Low Income Senior Housing Project in LA
4/21/14
USA Properties Fund has completed work on Huntington Plaza Apartments, a 184-unit low-income senior housing community in the Los Angeles suburb of Huntington Park. WNC provided $5.6 mil in low-income housing tax credit (LIHTC...
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• William Warren Group Spends $33 Mil on Six CO Self-Storage Assets
4/18/14
In notable self-storage deal news, William Warren Group (WWG) purchased six self-storage facilities in Colorado for $33.24 mil. The six locations consist of 353.9k sf of space and 2,692 units. “We believe there is a signific...
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• Some Industrial Buildings Exempted from New California Energy Commission Regulations
4/17/14
Responding to inquiries from commercial real estate professionals regarding the scope of new regulations for industrial buildings stemming from the recently implemented energy consumption disclosure requirements in California...
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• Johnson Capital Arranges $11.5 Mil Financing on North Dakota Hotel Property
4/14/14
Daniel Lisser, Senior Managing Director in Johnson Capital’s New York City office, arranged $11.55 mil in financing for the 147-room Grand Williston Hotel & Conference Center in Williston, North Dakota. The five-year fixed-ra...
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