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• Thorofare Capital Funds $3 Mil Bridge Loan for AZ Retail Buy
9/16/14
Thorofare Capital has funded a $3.1 mil bridge loan for acquisition, renovation, and lease-up of Westridge Park Plaza, a 58.7k sf retail property located in Phoenix, AZ. The loan was made on behalf of a Los Angeles-based real...
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• Pacific Southwest Realty Services Arranges $8 Mil for AZ Apartment Buy
9/15/14
Peter Harris, Vice President in Pacific Southwest Realty Services’ (PSRS) San Diego office, has arranged $8 mil in acquisition financing for an apartment complex located in Phoenix, AZ.
The property, Paradise Foothills is a ...
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• CO Grocery-Anchored Center Sells for $12.4 Mil
9/12/14
Kipling Marketplace, a 90.1k sf, grocery-anchored shopping center in Littleton, CO, recently sold for $12.35 mil, or $137/sf. The property is located at 5005 South Kipling St, at the northwest corner of South Kipling Pkwy and...
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• USAA Real Estate Company’s 1.5 msf Ind Portfolio Buy Includes 759k sf Texas Facility
9/11/14
USAA Real Estate Company entity recently purchased a 1.5 msf, Class A bulk distribution warehouse portfolio. The portfolio consists of two properties known respectively as I-85 Distribution Center, a 744k sf warehouse locate...
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• BH Properties Buys Shasta Beverages Warehouse in Phoenix
9/08/14
BH Properties has purchased the Shasta Beverages Inc 62.8k sf warehouse facility in Phoenix for $1.9 mil ($30/sf). The all-cash deal closed in 18 days.
The property is located at 301 S. 29th St, near the Phoenix Sky Harbor I...
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• NoCal Investor Buys Two Sacramento Apartment Properties Totaling 160 Units
9/05/14
A San Francisco based investor with international capital purchased two Sacramento area multifamily properties totaling 160 units for $10.65 mil ($66.6k/unit). The acquisitions, Granite Springs and Ridgestone Apartments, are ...
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• San Antonio Gold’s Gym Property Sells for $5.5 Mil
9/04/14
A 33k sf Gold’s Gym in San Antonio recently sold in a $5.5 mil ($167/sf) transaction. The property, located at 4319 Thousand Oaks Dr, just north of Wurzbach Pkwy, was purchased by Amargosa Palmdale Investments LLC.
The free-...
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• Office Building in Dallas’ Freeport Area Sells for $20 Mil
9/02/14
In a Dallas area investment buy from a month or so ago, a partnership of Stanton Road Capital LLC and Vancouver-based Second City Real Estate purchased a 159k sf office building at 3660 Regent Blvd, in the city’s Freeport sub...
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• Dominion Mortgage to Provide Loans of Up to $30 Mil on Challenging Multifamily Deals
8/28/14
Dominion Mortgage Corporation, the residential and multifamily lending division of Los Angeles-based Dominion Corporation, has introduced a new multifamily portfolio lending program that can provide funding for a wide range o...
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• Pacific Southwest Realty Services Arranges $12.7 Mil on Three Walgreens Properties
8/28/14
Michael Tanner, Vice President in Pacific Southwest Realty Services’ Los Angeles office, has arranged three loans totaling $12.7 mil secured by three retail properties leased by Walgreens located in Portland, OR; Chesapeake, ...
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• Small Building in Union Square Goes for Big Dollars
8/28/14
A New York-based investment firm has purchased 69 Maiden Lane, the smallest building in San Francisco’s fabled Union Square District, for $4.315 mil, pushing the per-square-foot price in that tony neighborhood to within a whi...
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• Portland Medical Building Sells for $283/sf
8/22/14
A 12k sf primary care medical building in Portland sold for $3.4 mil ($283/sf). The building sits on 1.13 acres located at 3033 SE Monroe St, on the east side of the Willamette River. The property was originally built in 1988...
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• Mark Jeffries Joins Denver Office of Johnson Capital
8/21/14
Mark Jeffries has joined Johnson Capital’s Denver, CO office as Vice President. In his new position, he will focus on originating debt and equity financing for all types of commercial properties.
Over his career, Mark has bee...
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• Vancouver, WA Office Property Acquired by Cowlitz Indian Tribe
8/21/14
The 78th Street Building, a 13.7k sf office property located at 7700 NE 26th Ave in Vancouver, WA, has sold for $1.445 mil ($105/sf). The buyer, Cowlitz Indian Tribe, plans to use the building as a medical office for the trib...
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• Transwestern Awarded Leasing Assignment for Katy, TX Office Development
8/20/14
Transwestern was selected as the exclusive leasing agent for Grandway West in Katy, TX. The 56-acre, corporate office development consists of five buildings totaling 780k sf. The property is owned by a joint venture between I...
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• New OC Res Development Includes Unique Rooftop Community Area
8/14/14
A unique, one-acre rooftop community area is part of the desirable amenity package at The Marke, a new apartment community in Orange County developed by Lyon Communities. The rooftop, which takes suburban apartment community ...
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• Draftsmen & Craftsmen
8/14/14
San Diego State University has begun work on a $53 mil renovation of its Zura residence hall. The design-build project is being done by Balfour Beatty Construction. It will provide upgrades and enhancements to the student hou...
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• Johnson Capital Arranged $14 Mil Bridge Loan on Sacramento Retail Center
8/14/14
Scott Meredith, Senior Vice President in Johnson Capital's Los Angeles office, has arranged a $14.35 mil loan secured by a 430k sf retail mall in Sacramento.
The property, Country Club Plaza, is an enclosed mall that was ori...
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• Swift Real Estate Partners Pays $8.6 Mil for Portland Office Asset
8/12/14
Swift Real Estate Partners paid $8.55 mil for a 50k sf office property with an underground parking garage and adjacent parking lot in Portland, OR. The property, located at 811 SW Naito Pkwy, was sold by ATC Partners LLC, a f...
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• Downtown LA Office Property from 1927 Sells for $19 Mil
8/12/14
A 12-story, 186k sf creative office building in downtown Los Angeles sold for $19 mil, or $102/sf. The multi-tenant building, located at 155 W. Washington Blvd, south of I-10 between Olive St and Broadway, was sold by San Mat...
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