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• Vestar Closes 409k sf CO Retail Buy
3/07/16
Vestar recently closed on another retail acquisition, purchasing Bowles Crossing, a 409.5k sf, regional shopping center in the Denver suburb of Littleton, CO, for $76.15 mil ($186/sf).
Bowles Crossing is located at 8055 Wes...
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• Irving, TX Biz Park Trades Hands
3/04/16
Las Colinas Commons Office Park, a 239.4k sf, three-building business campus in Irving, TX, was acquired by West Walnut Hill LLC. The price was not disclosed.
The campus is on 17.25 acres at 1525, 1555 and 1621 W. Walnut Hil...
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• Major Mixed-User Proposed for San Jose
3/03/16
Shorenstein Properties and Prometheus Real Estate Group have partnered in a proposed development for San Jose’s west side that could ultimately add 360k sf of office space along with over 800 res units, 15k sf of retail space...
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• Swift Real Estate Partners Completes $30 Mil in Pac Northwest Investments
3/02/16
Swift Real Estate Partners recently closed on two Pacific Northwest acquistions in deals totaling $30.5 mil. The acquisitions were made through Swift’s second Fund, SREP II, a $400 mil value-add real estate fund launched in S...
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• Caruso, CBRE and Gensler Hold Grand Opening for Renovated Masonic Temple Building in Glendale
3/01/16
By Steve Bloom
Recently, CBRE held a grand opening event for their new office in the landmark Masonic Temple on Brand Blvd in Glendale. RENTV president Steve Bloom was on hand for the event that night, February 11th, where h...
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• Snyder’s-Lance Leases 37k sf Phoenix Industrial Space
3/01/16
Snyder’s-Lance inked a lease for 37.4k sf of space at Tiger Industrial Center, a two-building, 103k sf industrial complex in Phoenix. The property is located at 4901 and 4929 West Van Buren, just one mile south of a full-diam...
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• Sonnenblick-Eichner Company Arranges $27 Mil on Seattle Hotel Property
2/24/16
Sonnenblick-Eichner Company has arranged $27 mil of first mortgage financing for Cedarbrook Lodge, SeaTac, a 167-room hotel property in Seattle, WA. The 10-year, fixed rate non-recourse financing was priced in the mid-4 perce...
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• The ConAm Group Closes Multifamily Acquisition Fund with $120 Mil Raised
2/24/16
The ConAm Group has just closed its ConAm Multifamily Acquisition Fund, which completed its $120 mil capital raise. The Fund has already invested approximately 55 percent of the capital through its acquisition of five multifa...
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• Hines Investing Big in Multifamily Product
2/22/16
Hines has acquired Domain Apartments, a 308-residential property in the Las Vegas suburb of Henderson. Built in 2014, the property is located at 831 Coronado Center Dr, east of I-15 and south of I-215. The price was not discl...
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• BKM Capital Partners Closes Its Industrial Value Fund I, L.P.
2/19/16
BKM Capital Partners has closed its debut institutional fund, BKM Industrial Value Fund I, L.P., with $105 mil in equity commitments and $300 mil in buying power. The fund’s commitments come from both institutional investors ...
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• Cadence Capital Investments Picks Up Seven-Parcel Assemblage in Hollywood for New Gelson’s Market
2/18/16
Cadence Capital Investments purchased five buildings on Sunset Blvd in Hollywood with plans to deliver a multi-story building that is pre-leased to upscale regional grocer Gelson’s Market. The purchase was funded with a $12....
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• Legacy Partners and USAA Real Estate to Develop 322-Unit Res Project in Downtown Denver’s Golden Triangle
2/17/16
In recent development news out of Denver, Legacy Partners and USAA Real Estate have purchased 2.3 acres along Speer Blvd in the city’s Golden Triangle neighborhood downtown. The venture plans to break ground on a seven-story,...
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• Regional Experts Discuss the Orange County Retail Market
2/16/16
Orange County’s retail market has come on strong in the last year and a half, with overall transaction volume in 2015 up roughly 40% over 2014, according to Coreland Companies President Chris Hite. This upbeat outlook was gen...
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• Owner/User Pays $470/sf for 10k sf Office Property in Warner Center
2/12/16
A 10.3k sf office building in the San Fernando Valley’s Warner Center/Woodland Hills submarket has traded for just under $4.7 mil, or $470 per square foot. The property, located at 5947-5951 Variel Ave, west of De Soto Ave an...
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• Orange County Office Experts Share 2016 Outlook at RENTV’s State of the Market Conference
2/09/16
The office market session at RENTV’s recent Orange County State of the Market Conference on January 28 at the Hilton Airport in Irvine boasted an all-star panel of industry experts, including: John Drachman, President at Stil...
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• MET/EQ Investment Platform to Acquire up to $500 Mil in Assets over 18 Months
2/09/16
Metropolitan Equities (MET/EQ), a private equity investment company focused on commercial real estate ownership and operations, has just launched as an investment platform ready to acquire up to $500 mil in assets during the ...
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• Western Asset Management and iBorrow Ink Master Loan Purchase Agreement
2/09/16
Western Asset Management and iBorrow have inked a master loan purchase agreement in which iBorrow will offer CRE loans the company originates to Western Asset. Western is a leading global fixed income manager with approximate...
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• Phoenix Retail Center Trades for Nearly $10 Mil
2/08/16
A New Jersey-based real estate entity closed on a Phoenix retail buy, paying $9.665 mil for Mountain Park Plaza. Located at 510, 520, 602 and 610 E. Baseline Rd, Mountain Park Plaza is an 87.7k sf ($110/sf), grocery-anchored ...
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• Draftsmen & Craftsmen
2/04/16
Walker Zanger, a leading international luxury stone and tile provider, has relocated its operations into a new, larger corporate HQ and regional distribution center in the San Fernando Valley community of North Hills. The fir...
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• Glendale Apartment Property from 1959 Goes for Over $300k/Unit
2/04/16
Pacifica Equities has acquired Monarch Terrace, a 56-unit multifamily property in Glendale, for $17.1 mil, or $305k/unit. The property, located at 1595 East Chevy Chase Dr, just northwest of the confluence of the 134 and 2 fr...
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