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• Westwood Res Project Completed
6/01/15
Studio 11024, a 31-unit residential development project in the upscale Los Angeles community of Westwood, was just completed. The five-story, 42.7k sf complex was developed by Texas-based Phoenix Property Company and built by...
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• Pathfinder Partners Collects $16 Mil from Sales of Two Re-Branded Multifamily Properties
5/28/15
Pathfinder Partners LLC has sold two newly rebranded and renovated multifamily properties in Seattle and Phoenix for more than $16 mil in separate transactions with different buyers. San Diego-based Pathfinder specializes in ...
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• Capital One Multifamily Finance Provides $31 Mil Refi on Bellflower Property
5/28/15
Capital One Multifamily Finance has provided a $30.8 mil, fixed-rate Fannie Mae loan to refinance Villa La Paz, a 245-unit apartment community in the LA area city of Bellflower. The borrower is an entity controlled by Spruce ...
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• 183-Unit Seniors Complex is Bascom Group’s Eighth Las Vegas Valley Purchase over the Past 20 Months
5/22/15
The Bascom Group LLC acquired Boulder Palms Senior Apartments, a 183-unit residential complex in Las Vegas. The property, located at 4350 Boulder Hwy, traded for $10.35 mil, or $56.5k/unit.
Completed in 1997, Boulder Palms ...
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• Kennedy Wilson Named Leasing Firm for Retail Portion of Downtown LA Mixed-Use Development
5/21/15
Beijing-based Oceanwide Real Estate Group has named Kennedy Wilson as the exclusive leasing agent for 166.6k sf of retail and restaurant space at Oceanwide Plaza, a $1 bil mixed-use complex currently under construction in Dow...
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• Phoenix Res Complex Trades in $8.7 Mil Deal
5/21/15
Aura at Midtown, a 96-unit apartment complex in Phoenix, sold for $8.69 mil, which works out to $90.5k/unit. Located inside Encanto Village at 3623 North 5th Ave, the property was purchased by Capital Real Estate.
The proper...
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• Commercial Real Estate Financing Briefs
5/19/15
HOLLIDAY FENOGLIO FOWLER LP (HFF) -- HFF has secured $7.1 mil in acquisition financing on Mission Lakes Center, an 82k sf, multi-tenant office project and freestanding restaurant in Riverside, on behalf of Stillwater Investme...
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• Signature Behavioral Healthcare Buys Seven-Acre Dev Site in Riverside County
5/18/15
Signature Behavioral Healthcare, a provider of behavioral health care services, acquired seven acres at the March LifeCare Medical City in Riverside County, marking the first investment in the future 6 msf health and wellness...
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• Industrial Property Trust Buys 138k sf Washington Portfolio
5/15/15
In a recent industrial property buy out of Washington, Industrial Property Trust Inc purchased a three-building light manufacturing, flex and distribution portfolio totaling 138.3k sf in the Seattle/Puget Sound region for $11...
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• Commercial Real Estate Financing Briefs
5/13/15
NBS FINANCIAL SERVICES -- Mike Wood and Austin Johnson of NBS Financial Services have arranged a combined $19.4 mil in financing for a multifamily portfolio totaling 291 units. The loan, structured with a 12-year term and a 3...
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• TMG Partners and Alexandria Real Estate Equities Pick Up San Francisco Dev Site
5/13/15
A joint venture between TMG Partners and Alexandria Real Estate Equities Inc has acquired 505 Brannan Street, a fully entitled development site in San Francisco complete with Prop M office allocation secured during late 2014....
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• Encore for Education a Hit with the Real Estate Industry and with Local Charities
5/11/15
RENTV was on hand in Anaheim on April 30 to attend Encore for Education, a very cool, commercial real estate industry charity concert, which raised $200,000 to benefit Buchanan Children’s Charities and the Orange County Commu...
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• Run Our Dream Buys 69k sf Portland Building for Conversion to Creative Office Space
5/08/15
Run Our Dream LLC has purchased a 68.6k sf building in Portland, OR. The acquisition was financed with a $9.45 mil bridge loan that was originated by Buchanan Street Partners.
Run Our Dream required the loan to undertake p...
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• GPI Companies Lands $23 Mil in Financing for Beverly Hills Development Property
5/07/15
GPI Companies recently obtained $23.18 mil in financing for a 36k sf development site in Beverly Hills. The property is located at 9908 Santa Monica Blvd, on the southwest corner of Santa Monica and Charleville Boulevards.
T...
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• Younicos AG Leases 32k sf of Austin, TX Office Space
5/05/15
Younicos AG has inked a seven-year lease for 32.5k sf in Austin, TX. Younicos AG, a global leader for intelligent storage and grid solutions within the clean energy industry, will be using this space as its United States head...
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• Westwood Financial Closes on 95k sf Texas Retail Buy
5/05/15
Legacy Ranch, a 95k sf neighborhood shopping center in Frisco, TX, was purchased by Westwood Financial Corp. The property was acquired from Folsom Companies. The price was not disclosed.
The property, located at 4851 Legacy ...
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• Commercial Real Estate Financing Briefs
5/04/15
EAGLE GROUP -- Eagle Group Finance has provided a local investor operating as Vista del Sol Propco LLC with a $3.1 mil first mortgage loan for the acquisition of Vista del Sol, an assisted living and skilled nursing facility ...
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• Dividend Capital Diversified Property Fund Makes $69 Mil TX Office Buy
4/30/15
Inc (DPF) has acquired the City View Portfolio, a collection of four multi-tenant office buildings in Austin, TX, for $68.75 mil. DPF funded the acquisition through cash on hand and availability under its revolving credit fac...
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• Draftsmen & Craftsmen
4/30/15
Kern County has selected Balfour Beatty Construction to design and construct a new $100.5 mil addition to the Kern County Justice Facility located in Bakersfield. The 215k sf facility is expected to create 350 to 400 jobs for...
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• Dallas / Forth Worth Office Property Trades Hands
4/29/15
Coliseum Storage Associates LLC, a California limited liability company, purchased a 96.5k sf, single-tenant office building in the Dallas/Fort Worth area that is 100 percent leased by Avaya Inc. The terms of the sale were no...
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