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• Historic Office Property in Downtown Orange Trades for $500/sf
7/13/16
Old Towne Orange Plaza Square, an 8.9k sf, historic office building commonly known as the “Swift & Swift Building,” sold for $4.45 mil, which works out to $500/sf. The two-story building was sold by Swift & Swift, a full-ser...
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• Metro Commercial Realty Obtains $21 Mil in Financing on Two Portland Gym Properties
7/13/16
CBRE Capital Markets’ Debt & Structured Finance team has secured $21.2 mil in non-recourse financing for two prime located retail/gym properties; the 24 Hour Fitness in Portland’s burgeoning downtown Pearl District and the 24...
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• Transpacific Development Company Buys 1.44 msf Distribution Facility in Texas
7/12/16
Torrance-based Transpacific Development Company (TDC) closed on a large industrial buy in Texas, acquiring a 1.44 msf, Class A distribution building in Fort Worth, which was developed and is occupied by DHL Supply Chain. The ...
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• Redwood Capital Advisors Picks Up 220-Unit Res Asset in Colorado
7/07/16
Redwood Capital Advisors has acquired Newport Village, a 220-unit rental community situated at 8901 Colorado Blvd in Thornton, CO. The asset was sold by Seagate Newport Associates LLC. The property is located fifteen minutes ...
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• Trio of Self-Storage Sales Total Over $30 Mil
7/07/16
We’ve three separate self storage transactions to report. The deals, totaling $30.1 mil in value and 260k sf in total space, took place in San Diego County, Texarkana, TX, and Phoenix.
In San Marcos, near San Diego, Barker...
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• Lease Activity Update from Seattle-Area Warehouse Complex
7/06/16
We’ve got two leases totaling 21.7k sf to report at The Park at Woodinville, a five-building, Class A warehouse complex in the Seattle-adjacent Eastside industrial market. The deals include a new lease for 9k sf by Advanced P...
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• Draftsmen & Craftsmen
7/06/16
Klorman Construction recently installed cast in place pile foundation for the new Passenger Boarding Bridges system in Terminal 2 at LAX, part of a major overhaul and renovation program of Terminal 2 designed to significantly...
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• Shadow-Anchored Retail Center in Colton Trades for $200/sf
7/06/16
Centrepointe Plaza, a 109k sf shopping center in Colton, CA, traded hands for $22 mil ($202/sf) in a recent sale. The property is located at 1040 S Mt Vernon Ave, south of I-10 and just west of I-215.
Originally constructed ...
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• Balboa Peninsula Boutique Hotel Project Breaks Ground
7/05/16
R.D. Olson Development has broken ground on its latest hotel development: the 130-room Lido House, a much anticipated boutique hotel to be situated on more than four acres on the former Newport Beach City Hall site. The City ...
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• Woodside Health/Crescendo Commercial Buys 70k sf Medical Office Property in Arizona
7/05/16
Woodside Health/Crescendo Commercial recently closed on the acquisition of Arrowhead Medical, an 11-building, 69.9k sf complex of all single-story buildings in Glendale, AZ, in a $10.94 mil deal. The asset is located at 7200 ...
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• CBRE Arranges $250 Mil for Becknell Industrial Portfolio
7/01/16
Michael Riccio, Susan Larkin, and Anna Pfau of CBRE’s Capital Markets’ Debt & Structured Finance team have arranged a $250 mil loan for the Becknell Industrial Portfolio.
The competitively priced, floating rate loan was arra...
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• Draftsmen & Craftsmen
6/30/16
Klorman Construction has been chosen by McCormick Builders to design a 525-vehicle parking structure for the 800 South Flower St. office building in Burbank.
Woodland Hills-based Klorman will oversee and manage the construct...
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• The Bascom Group and Village Partners Team Up in Development Venture
6/30/16
Two Orange County-based real estate firms, The Bascom Group LLC and Village Partners Inc, have formed a joint venture called Village Partners Ventures LLC. Village Partners Ventures will target transit-oriented and mixed-u...
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• New 118-Room Residence Inn by Marriott Breaks Ground in Goleta
6/29/16
R.D. Olson Development and Joseph Martelli Real Estate Investments Inc have broken ground on a 118-room Residence Inn by Marriott hotel development in Goleta. The project is located on a 3.81-acre parcel at 6350 Hollister Ave...
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• F4 Transbay Partners LLC Acquires Final Remaining Tall Building Site in Downtown San Francisco
6/27/16
F4 Transbay Partners LLC (F4), a joint venture of Hines, Urban Pacific Development LLC and Broad Street Principal Investments L.L.C., an affiliate of Goldman Sachs, have acquired Transbay Parcel F from the Transbay Joint Powe...
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• RAF Pacifica Group Acquires Carlsbad Land for Industrial Project
6/24/16
RAF Pacifica Group has acquired 18.4 acres of entitled land within the Carlsbad Raceway Business Park for $15.07 mil. The firm plans to build two state-of-the-art distribution buildings totaling 272.4k sf on the land. The pro...
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• Gelt Buys Reseda Site for 254-Unit Res Development
6/23/16
LA-based Gelt Inc has acquired an entitled 2.4-acre land parcel in Reseda for the development of The Watermark, a 254-unit apartment community. Located at 6625 Reseda Blvd, north of Victory Blvd, the project is slated to incl...
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• Tustin Orchard Supply Hardware Building Sells for Nearly $500/sf
6/22/16
A 39k sf, a net lease investment property in Tustin was acquired for $18.75 mil ($481/sf) by a 1031 exchange investor. The property is fully occupied by Orchard Supply Hardware, a hardware, garden and home improvement product...
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• Jamison Services Obtains $30 Mil in Financing on California Market Center
6/21/16
Jamison Services has obtained $30 mil in mezzanine financing on its California Market Center (CMC) in downtown Los Angeles. The company, led by Dr. David Lee, is using the funds to refinance the existing debt on the property...
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• ROEM Corp Nearing Completion on San Jose Affordable Housing Project
6/21/16
Charlotte Park Apartments, a 200-unit affordable housing project in San Jose, is nearing completion. The project, a development of ROEM Corporation, is located on the former Hitachi Global Storage Technologies campus, a 295-a...
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