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• Symphony Commercial Closes $16 Mil Texas Office Buy
4/22/16
In a recent office investment buy out of Texas, Symphony Commercial paid $16 mil for a 202.6k sf ($79/sf), three-building office park located 4002-4006 Belt Line Rd in Addison, near Dallas.
The property was sold by Adler Rea...
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• Towers Watson Leases New, 91k sf Facility in the Phoenix Area
4/21/16
Towers Watson, a global healthcare consulting firm, is expanding into the Phoenix market with the lease of a new, 91k sf facility in the prestigious Papago Park Center in Tempe. The property, located at 1144 West Washington S...
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• Morgan Stanley Real Estate and Lift Partners Purchase Hayward Industrial Facility
4/20/16
In a recent East Bay industrial investment, a partnership of Morgan Stanley Real Estate and Lift Partners has purchased a 149k sf property in Hayward. The property, located at 30526 San Antonio St, south of Industrial Pkwy be...
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• Graham Street Realty Picks Up Berkeley Office Property
4/19/16
Graham Street Realty has acquired The Promenade, a three-story 43k sf multi-tenant office building in Berkeley, for $13.4 mil ($312/sf). The property, located on a .42-acre parcel at 1936 University Ave in the heart of downto...
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• Harbor Associates Buys 37k sf Irvine Spectrum Building
4/14/16
Harbor Associates LLC has acquired 3 Burroughs, a 37k sf, former flex office building in Irvine that will be transformed into a Class A creative office campus. The project will be rebranded as ‘Bespoke Irvine’.
Built in 198...
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• Sonnenblick-Eichner Company Arranges $65 Mil in Refi Money on NoCal Hotel Property
4/13/16
Sonnenblick-Eichner Company has arranged $65 mil of first mortgage debt for the refinancing of the 341-room Marriott Monterey Hotel in downtown Monterey. The property is owned by San Carlos Associates.
The 10-year, fixed-rat...
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• AXA Real Estate Investment Managers US Buys 49% Stake in Los Angeles Office Property
4/13/16
AXA Real Estate Investment Managers US purchased a 49% interest in 5900 Wilshire, a 452.8k sf office property in Los Angeles. The seller was a joint venture between a global real estate investment management firm and The Ratk...
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• Rexford Industrial Realty Spends $191 Mil on SoCal Portfolio
4/12/16
Rexford Industrial Realty Inc has agreed to acquire a private REIT that owns a portfolio of nine industrial properties for a total purchase price of approximately $191 mil, or approximately $125 per square foot, exclusive of ...
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• CBRE Arranges $11.65 Mil for Purchase of Silicon Valley Office Property
4/11/16
CBRE Capital Markets’ Debt & Structured Finance team has secured $11.65 mil in non-recourse financing for the acquisition of a single-tenant office building located in the Moffett Park business area of Sunnyvale. CBRE’s Trent...
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• Heslin Holdings Wraps Up a Busy First Quarter 2016
4/08/16
Heslin Holdings Inc completed a number of transactions during the first quarter of 2016. These deals included: the acquisition of a retail center in Tigard, OR; the acquisition of a multi-tenant industrial property in Fontana...
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• AZ Multifamily Comp Comes in at $59k/Unit
4/08/16
In a recent multifamily sales comp from Glendale, AZ, a Phoenix-based investor paid $15.35 mil for Sonoma Terrace, a 260-unit ($59k/unit), Class B property. Built in 1979, the property is located at 5220 W. Northern Ave.
Son...
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• Majestic Realty Breaks Ground on 300k sf Spec Industrial Building at OR Biz Campus
4/07/16
Majestic Realty Co just broke ground on its latest industrial building at Majestic Brookwood Business Park in Hillsboro. The planned 303k sf industrial warehouse property represents the largest speculative property to ever be...
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• Avison Young Acquires The GPE Companies in Phoenix
4/05/16
Real estate services firm Avison Young has acquired Phoenix, AZ-based GPE Management Services LLC and GPE Commercial Advisors LLC, entities doing business as The GPE Companies. The acquisition represents Avison Young’s first ...
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• InvenTrust Properties Corp Buys 538k sf TX Retail Center
4/05/16
Oakbrook, IL-based InvenTrust Properties Corp purchased The Shops at the Galleria, a fully occupied, 537.7k sf regional Power Center in Bee Cave, TX, outside of Austin. The asset was sold by Christopher Commercial Inc.
The ...
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• Commercial Real Estate Financing Briefs
4/05/16
NORTHMARQ CAPITAL - Eric Flyckt of NorthMarq Capital secured a $31.5 mil, acquisition loan for an institutional-quality office building located along the I-15 corridor in San Diego. The three-story, Class A building is locate...
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• Draftsmen & Craftsmen
4/04/16
Work has been completed on a five-story, 80-unit senior housing project in Palos Verdes. The development was built by Bernards for Sunrise Senior Living, a provider of high-quality assisted living and memory care services.
...
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• Four-Property Industrial Portfolio in San Diego Sells
4/01/16
RAF Pacifica Group and Stos Partners have purchased a 12-building, multi-tenant industrial/flex portfolio in San Diego. The four-project portfolio totaling 191.9k sf of space, includes Carroll Way Industrial Park, Sorrento Me...
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• Vacant Land Parcel in Belmont Acquired for Hotel Project
3/31/16
A vacant, 3.34-acre parcel in the Bay Area city of Belmont was purchased by OTO Development for the development of a 170-room, four-story moderate service hotel. The site, which is located at 1401 Shoreway Rd in the master-pl...
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• Three-Building Arizona Medical Office Campus Sells
3/30/16
In a recent medical office buy in Arizona, a joint venture of Cypress West Partners and MedProperties Holdings LLC has purchased Mountain View Medical Plaza, a three-building, 72.9k sf campus in Scottsdale. The asset, located...
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• HFF Arranges $50 Mil for Silicon Valley Hotel Project
3/29/16
Holliday Fenoglio Fowler, L.P. has secured $49.85 mil in first lien construction financing for the development of the 204-room Residence Inn by Marriott Silicon Valley in the San Francisco Bay Area community of San Carlos. Th...
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