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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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• Seattle Res Tower Development Site Sells for $16.25 Mil
6/17/16
Create World America has acquired a 14.4k sf, high-rise development site located at 427 9th Avenue North in Seattle for $16.25 mil. The South Lake Union site is site is fully entitled for a 26-story, high-rise residential dev...
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• ROEM Development Corp Buys Mountain View Site for New Res Project
6/17/16
ROEM Development Corporation purchased a 1.93-acre development site in the Bay Area for $11.5 mil. The property, located at 779 E. Evelyn Ave in Mountain View, was sold by New Urban Properties.
ROEM, a developer of afforda...
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• Simi Valley Production/Office Complex Trades in $11 Mil Deal
6/16/16
A unique, state-of-the-art production and entertainment facility and Class A office complex in Simi Valley has traded hands in a recent $11 mil deal. The property, located at 101 West Cochran St, was acquired by Los Angeles-b...
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• Seattle Office High-Rise Awarded LEED Platinum Certification
6/14/16
Fourth & Madison, an 845.5k sf, 40-story office building located in Seattle's central business district, was awarded Platinum certification under the U.S. Green Building Council's (USGBC) LEED® rating system for Existing Buil...
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• Chinese Investor Buys Hollywood Site for Hotel Development
6/14/16
A 16.8k sf land parcel in Hollywood was acquired by a Chinese-based firm with plans for a hotel development. The buyer, Hollywood Culture and Investment Corp Inc, paid $9.5 mil for the land, which works out to $565 per square...
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