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Argent Retail Adds Mike Kihm and Nick Ritch to its Growing Inland Empire Team 1/22/13 Nick Ritch and Mike Kihm have joined Argent Retail Advisors, the retail advisory and leasing firm founded by industry veteran Terry Bortnick.
Mike Kihm has also joined Argent as an Associate in the Ontario office. Kihm has b...
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Corey Spound Elected 2013 President and Executive Chair of AIR 1/22/13 Corey I. Spound, executive vice president in the markets division of Jones Lang LaSalle in Los Angeles and a 21-year veteran of commercial real estate, has been elected 2013 president and executive chair of the AIR Commercial...
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Beech Street Closes Out a Successful 2012 with $4 Bil in Multifamily Financing 1/22/13 Beech Street Capital LLC provided $4.0 bil in multifamily financing in 2012, and has achieved a 100 percent annual growth rate for the last two years. “We were determined this year to demonstrate that we could maintain our m...
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Sabal Financial Funds Trio of SoCal Residential Projects 1/18/13 Three SoCal residential projects have received construction funding from Sabal Financial Group’s homebuilder lending program. Sabal created the program to fill a void in construction financing from traditional sources like co...
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Financial Compound Arranges $13 Mil Extension on West LA Mixed-Use Property 1/14/13 Financial Compound has arranged a $13 mil loan extension for a mixed-use property located in West Los Angeles. The property is owned by a private investor and contains approximately 15k sf of second floor offices above 10k s...
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Johnson Capital Arranges $27 Mil on Cypress Office/R&D Asset 1/10/13 Kevin Burkhalter, Senior Vice President in Johnson Capital’s Los Angeles office, has arranged $27 mil in permanent financing secured by five office / R&D buildings totaling over 285k sf located in Cypress, CA.
The non-recou...
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Bruce Felt Named Executive Vice President and CFO at Auction.com 1/09/13 Bruce Felt has been named executive vice president and chief financial officer at Auction.com. Felt will oversee the company's financial operations, based in the company’s Silicon Valley office. Auction.com bills itself as th...
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Hines U.S. Office Value Added Venture III Buys 300k sf Phoenix Office Building from GLL Real Estate Partners 1/09/13 In a notable Phoenix office buy, Hines U.S. Office Value Added Venture III (VAV III) has acquired its first property, 24th at Camelback I. VAV III purchased the asset from GLL Real Estate Partners, who has owned the property ...
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Lucent Capital Arranges $10 Mil Land Loan for OC Development Site 1/04/13 Real estate finance and investment advisory firm Lucent Capital has arranged a $9.9 mil land loan for TSG-Platinum L.P., an affiliate of The Shopoff Group. The money was used to acquire and re-entitle 4.3 acres of in-fill lan...
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Draftsmen & Craftsmen 12/19/12 Construction is complete on the new, $10 mil social sciences and humanities complex at Mt. San Jacinto College’s Menifee Campus in Menifee, CA. Built by C.W. Driver, the 33.9k sf facility, comprised of three, two-story buildi...
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Ellis Partners Acquires Nine-Property Portfolio in Roseville 12/18/12 San Francisco-based Ellis Partners LLC has acquired a nine-property office portfolio in Roseville, a central CA town about 18 miles northeast of Sacramento. Each is located along Douglas Blvd – recognized as the most desirabl...
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Aircraft Manufacturers Purchases OR Ind Facility 12/17/12 Aircraft Manufacturers RE LLC purchased a 204k sf manufacturing facility formerly occupied by Cessna Aircraft in Bend, OR for $3.1 mil ($15/sf). The property, located at 22550 Nelson Rd in the Bend Airport Enterprise Zone, ha...
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ViaWest Picks Up 140k sf of Chandler, AZ Office Space 12/14/12 ViaWest Group recently acquired two commercial office buildings and five office condominium buildings totaling 139.8k sf of space within the “Chandler Midway Corporate Center” located at Chandler Blvd and Kyrene Rd in Chandle...
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Overriding Core Issues for All LA Submarkets to be Focus of AIR’s 2013 Forecast Event 12/13/12 AIR Commercial Real Estate Association (AIR) has announced that its Annual Market Review and Forecast, one of the Greater Los Angeles Basin commercial real estate industry’s most respected annual forecast events, is set for t...
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Walker & Dunlop Arrange $11 Mil on New Orleans Hotel 12/12/12 Walker & Dunlop recently arranged $11 mil in financing for Hilton Garden Inn French Quarter, located on the site of the historic First National Bank of Commerce complex in New Orleans, LA. This transaction is one of several t...
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Johnson Capital Arranges $25 Mil for Brooklyn Hotel 12/05/12 Daniel Lisser, Managing Director in Johnson Capital’s New York City office, has arranged $24.8 mil in financing for the 133-room Marriott Fairfield Inn & Suites in the Boerum Hill neighborhood of Brooklyn.
The 12-story limi...
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Kent, WA Industrial Facility Purchased by Owner/User in $7.5 Mil Sweet Deal 12/04/12 Sweetener Products Inc acquired a 101.9k sf industrial building in Kent, Washington to accommodate the firm’s expansion needs. The building, located at 8030 South 194th St, was purchased from international industrial REIT Pro...
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MIG Real Estate Converts Phoenix Hotel to Hampton Inn 12/03/12 MIG Real Estate has completed a $1.8 mil conversion of the Hotel Highland in Phoenix to the Hampton Inn brand. Renovations of the new Hampton Inn Phoenix-Biltmore include major upgrades to the hotel’s lobby, breakfast lounge ...
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CA Housing Market Continues Momentum as Confidence Grows 11/20/12 California’s housing market continued its momentum in October, posting strong year-over-year sales and price gains in nearly every county of the state, according to the latest data from California Association of Realtors® (C....
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Frontier Communications Sells 290k sf WA Office Complex 11/13/12 Terms of the transaction were not disclosed but Frontier will lease back one of the two towers, totaling 165k sf, leaving the remaining tower of 125k sf available for lease.
Built in 1981 for GTE / Verizon, the two towers si...
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