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• CBRE Group Acquires Skye Group
12/14/16
CBRE Group Inc has acquired Skye Group, a leading provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. This acquisition enhances CBRE’s position in the re...
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• CBRE Duo Brokers Office and Retail Sales in Las Vegas
12/13/16
Here’s the scoop on a couple of recent sale transactions from Las Vegas, one an office buy and the other a retail trade. In both transactions, the sellers were represented by Charles Moore and Marlene Fujita-Winkel out of CBR...
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• Central CA Retail Asset Trades for $319/sf
12/13/16
A locally based investor paid $5.2 mil for Lathrop Crossing, a 16.3k sf multi-tenant retail property in Lathrop, a central CA city situated about 10 miles south of Stockton. The property sold at a price per square foot of $31...
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• New Victorville Distribution Facility Gets Underway Already 42% Pre-Leased
12/12/16
Stirling Development has commenced construction of Distribution Centre 18, a 370k sf industrial facility located at Southern California Logistics Airport, (SCLA) an 8,500-acre multimodal freight transportation hub which inclu...
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• Worchell Hollywood Properties Makes Medical Office Buy in the East San Fernando Valley
12/12/16
Worchell Hollywood Properties recently closed on medical office buy in Burbank, paying $14.3 mil for Toluca Lake Medical Center, a 24.9k sf ($574/sf), single-tenant property. Toluca Lake Medical Center is located at 4323 Rive...
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• Irwindale Industrial Development Gets Underway
12/09/16
Seventh Street Development has broken ground on Alderson Business Park, a 10-acre, 195.1k sf industrial development in Irwindale. The project is one of only two speculative industrial developments in Irwindale in the last 10 ...
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• Crowne Plaza Hanalei Hotel in San Diego Trades Hands
12/08/16
Crowne Plaza Hanalei, a 419-room hotel located in the heart of San Diego’s Mission Valley, was acquired by a private client of Brighton Management. The property, located at 2270 Hotel Circle North, was sold by Hanalei Associa...
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• Vectra Management Group Pays $17 Mil for Class A Office Property in West Los Angeles
12/07/16
Vectra Management Group Inc has acquired a Class A, 43.4k sf office building in Los Angeles for $17.06 mil ($393/sf) via an auction from UC Regents. The purchase was financed with a $16.75 mil bridge loan arranged by CBRE.
T...
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• Oceanfront Hawaii Resort Development Financed with $96 Mil Loan
12/06/16
HFF has arranged $96 mil in financing for the development of Timbers Kaua’i – Ocean Club & Residences, a private oceanfront residence club within the planned Hokuala Resort in Lihue on the Hawaiian island of Kaua’i. The const...
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• Upscale Sunnyvale Res Project Completed
12/05/16
SummerHill Apartment Communities has completed 481 on Mathilda, a new 105-unit luxury residential rental community in downtown Sunnyvale. The project is located at 481 South Mathilda, between Olive and Iowa streets.
The comm...
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• Badiee Development Breaks Ground on Carlsbad Industrial Project
12/02/16
Badiee Development has broken ground on Carlsbad Victory Industrial Park, a 55.6k sf industrial facility in Carlsbad. The project, located at 3248 Lionshead Ave, is slated for completion in earlky summer of 2017.
Carlsbad Vi...
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• Santa Monica College Completes New IT Building and Starts New Student Services Building
12/02/16
Bernards has completed a new 25.1k sf, $15.1 mil home for the Santa Monica College (SMC) Technology, Network, and Telecommunications departments. The firm is also under construction on a new $77.4 mil, 112k sf Student Service...
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• Angelo, Gordon & Co Refis Two Vegas Res Properties with $27 Mil in Fannie Mae Money
12/01/16
Angelo, Gordon & Co recently financed two multifamily properties in Las Vegas with $27 mil in Fannie Mae money arranged by Meridian Capital Group.
The properties, Tower at Tropicana, located at 6575 West Tropicana Ave, and G...
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• Oakland Apartment Property Sells for Record $440k/Unit
12/01/16
Taijirian Investments LLC paid $11 mil for a 25-unit multifamily investment property in Oakland. The transaction works out to approximately $727/sf and $440k/unit, in a deal we’re told represents the highest price per square ...
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• Bixby Land Closes $18 Mil OC Industrial Buy
11/30/16
Bixby Land Company picked up a 121.3k sf industrial building in Anaheim in a recent, $18.2 mil ($150/sf) all-cash purchase. The property is 100% occupied on a long-term lease by Blue Line Foodservice, a privately-held interna...
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• Major Portion of The Village at Orange Retail Center Traded between Investors
11/30/16
A majority, 468k sf portion of The Village at Orange, an 850k sf retail center in the Orange County city of Orange, has sold for $84.5 mil, or about $180/sf. The transaction between two unnamed institutional investors did not...
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• Morgan Hill Approves Mixed-Use Project in City’s Downtown Area
11/29/16
The city of Morgan Hill’s planning commission has approved plans for a new three-story, 10k sf mixed-use project in the heart of the city’s downtown. The project, to be named The Edes Building, is being developed by local res...
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• Palo Alto Office Building Financed with New $28 Mil Loan
11/28/16
A joint venture of Sand Hill Property Company has landed new financing of $28.3 mil on a 71.4k sf office building in Palo Alto’s Stanford Research Park. Located at 950 Page Mill Rd, the property serves as the California offic...
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• Phoenix Development Site Sells for $4.6 Mil
11/25/16
A 6.48-acre development site in Phoenix sold for $4.575 mil. Prior to the sale, the buyer obtained approval from the City of Phoenix to develop a 240-unit apartment complex.
The property is located at 4633 East Van Buren. Th...
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• Don't Miss RENTV's San Fernando Valley State of the Market Conference - Dec 8th
11/24/16
Click HERE for info
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