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February 24, 2024
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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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• 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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