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• Presson Companies Lands $151 Mil in Financing for AZ Industrial Portfolio
6/30/17
Presson Companies has obtained $151 mil in new permanent financing for a 30-property, multi-tenant industrial portfolio totaling more than 4 msf and in excess of 1,000 tenants. The financing was arranged by Newmark and funded...
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• Vancouver, WA Retail Asset Sells for $21.5 Mil
6/28/17
Fourth Plain Center, a 117.1k sf, value-add, multi-tenant shopping center in Vancouver, WA, recently sold for $21.5 mil ($184/sf). The property is situated in on 7.96 acres at 2903 NE Andresen Road, 2913 NE 72nd Drive and 29...
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• AZ Biz Park Trades in $19 Mil Deal
6/28/17
Kachina Industrial Park, an eight-building, 202.9k sf business park in Tempe, AZ, was sold by NoCal-based Kieckhefer Properties for $19.1 mil, or $94/sf. The property, located at 1805-1850 W. Drake Dr, was purchased by Libitz...
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• Crown Acquisitions Buys OC Apartment Property with $29 Mil Loan
6/28/17
Crown Acquisitions Inc has obtained a $29 mil loan for the purchase of Fullerton University Village, a student housing community located in Fullerton. The borrower plans to renovate the property and create a more dynamic livi...
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• Burbank Office Asset Trades Hands
6/27/17
A 119.8k sf, Class A office property in Burbank was purchased by a joint venture of Ocean West Capital Partners and Fortress Investment Group. The seven-story building, located at 2901 W. Alameda, north of the 134 Fwy near th...
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• Fowler Property Acquisitions Spends $40 Mil on AZ Res Asset
6/23/17
San Francisco-based Fowler Property Acquisitions LLC recently closed on a notable AZ multifamily buy, paying $40.5 mil for Ocotillo Springs, a 272-unit ($149k/unit) community in Chandler. The property, located at 825 West Que...
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• Draftsmen & Craftsmen
6/22/17
McCormick Construction has completed renovation work of Westfield’s U.S. headquarters renovation, located at 2049 Century Park East in Century City.
McCormick’s scope of work on the Westfield-designed space consisted of the ...
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• Sterling Organization Wraps Up $22 Mil AZ Retail Buy
6/22/17
Sterling Organization has purchased Palm Valley Marketplace, a 107.6k sf, grocery-anchored shopping center in Goodyear, AZ. The property was acquired from a subsidiary of Regency Centers for $22.45 mil ($209/sf).
Palm Valle...
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• Canyon Partners Real Estate Provides $21.6 Mil in Construction Money for Silver Lake Res Project
6/22/17
Canyon Partners Real Estate LLC has provided a $21.6 mil senior construction loan to finance the development of a 35-unit luxury condominium project located along Sunset Blvd in the Silver Lake neighborhood of Los Angeles. T...
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• Industrial Owner/User Buys in Paramount and Sells in Santa Fe Springs in Deals Totaling $13.7 Mil
6/22/17
A 58.6k sf industrial property in the LA County city of Paramount sold for $9.31 mil ($159/sf). The property was purchased by Richard Elden, the owner and president of dbest products Inc, a manufacturer of lightweight, collap...
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• Panattoni Development Buys 22-Acre WA Development Site
6/21/17
Lakewood Tacoma Gateway, 21.83-acre industrial development site in Lakewood, WA, has been purchased by Panattoni Development Company. It was sold by YKC LLC, a private investor.
The property, located at 14801 Spring Street ...
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• Phoenix Restaurant Property Trades in Sale/Leaseback Transaction
6/21/17
The Vig Fillmore, a 3k sf restaurant property in Phoenix, has traded hands for $2.3 mil, or $767/sf. The seller will continue to occupy the property, located at 606 N. 4th Ave, as part of a sale/leaseback deal.
The Vig, know...
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• Construction Tops Out on Mixed-Use Project in San Diego’s East Village
6/20/17
Construction on Shift, a 631k sf mixed-use community in downtown San Diego’s East Village neighborhood, has topped out. The project, being built by Swinerton, includes a 21-story post-tensioned concrete tower and two five-sto...
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• Vegas Area Medical Office and Surgery Center Completed
6/19/17
PMRG has completed work on Henderson Medical Plaza, an 85k sf, multi-tenant comprehensive medical office building and surgery center in Henderson, NV. The project, located at 1050 Galleria Drive will be an integral part of th...
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• Vegas Multifamily Property Goes for $16.6 Mil
6/16/17
Flamingo Chateau, a 136-unit res property in Las Vegas, has sold for $16.6 mil ($122k/unit). The property is located at 6570 W. Flamingo Rd, west of I-15 and Las Vegas Blvd.
Flamingo Chateau was built in 1992. The property o...
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• Glass Fabricator Buys 71k sf Corona Facility in $10 Mil Deal
6/15/17
Liberty Glass Fabricators has acquired a newly constructed 71.1k sf, Class A industrial facility in Corona for $9.95 mil ($140/sf). The property was sold by a partnership of Acacia Real Estate Group and Adler Realty Investmen...
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• Barrister Renews Executive Suite Location in San Diego’s Torrey Pines Area
6/15/17
Barrister Executive Suites Inc has renewed its lease for an 18.7k sf executive suites location in San Diego. The deal is for first floor space at The Torrey Reserve building, located at 11622 El Camino Real, adjacent to I-5 a...
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• Ridge Breaks Ground on 351k sf Spec Industrial Project in Austin
6/14/17
Ridge, the industrial development arm of Transwestern Development Co, has broken ground on a 24.17-acre site that will house a 351.2k sf, speculative project in southeast Austin, TX. The project, situated within Southpark Com...
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• Doyle Properties Spends $20 Mil on OC HQ Property
6/14/17
An 84.9k sf industrial property in Anaheim was acquired by Doyle Properties LLC for $19.81 mil ($233/sf) as part of a 1031exchange transaction. The asset was sold by Blackstone Group.
The property will be occupied by the Eco...
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• Patagonia Works Buys 68k sf Industrial Asset in Ventura
6/13/17
Patagonia Works, the holding company for Patagonia Inc, purchased a 68k sf industrial property in the city of Ventura. The price was not disclosed.
The property, located at 5301 North Ventura Ave, sits on 7.87 acres of land...
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