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Unico Fund Buys WA Office Asset 12/24/13 A Unico-sponsored investment fund has purchased The Creeksides at Centerpoint, a 218.6k sf, institutional-quality office complex in Kent, WA. The asset is located at 20415-20435 72nd Ave, between I-5 and Hwy 167.
Completed i...
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Dornin Investment Group Closes on 98k sf Vegas Office Buy 12/23/13 Dornin Investment Group recently closed on the purchase of a 97.9k sf, Class A office building in Las Vegas. The institutional-quality property, located at 3755 Breakthrough Way, was sold by American Nevada Company.
Locate...
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Phoenix Office Property Trades Hands for $8.5 Mil 12/20/13 Country Club Manor, an 89.2k sf, Class A office property in Phoenix, sold for $8.5 mil, or about $95/sf. Located at 1221 and 1313 E. Osborn Rd, the asset was purchased by Santa Monica-based Hyperion Fund as an REO property.
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Panattoni Development Awards Marketing for Upcoming WA Biz Park to Jones Lang LaSalle 12/18/13 Panattoni Development has selected Jones Lang LaSalle to handle the marketing for, a fully-entitled 36-acre, 357k sf industrial park still in the pre-construction phase. The project, located in the Northend submarket of Evere...
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NewQuest Epic Investments Forms Retail Investment Venture 12/18/13 NewQuest Epic Investments has closed on a $75 mil joint venture with a $4 bil private equity real estate firm to purchase value-add grocery-anchored and power retail properties. The $75 mil equity placement is to be deployed ...
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Construction Finished on 200k sf Complex for San Diego Mesa College 12/16/13 Construction has been completed for the new 206k sf, four-story Math+Science Complex in the heart of San Diego Mesa College. The project, located at 7250 Mesa College Dr in the Clairemont area of San Diego, is being built by ...
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Thorofare Capital Funds $5.9 Mil Purchase 149k sf NoCal Industrial Building 12/12/13 Thorofare Capital has funded a $5.9 mil acquisition loan for the purchase of a lender-owned, 148.9k sf industrial building located on San Antonio Street in the NoCal city of Hayward. The borrower is BRAD management, a private...
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Economic Update 12/12/13 Friends and Colleagues,
As we head toward a new year ahead, it's time to reflect on the current state of the economy, and where things might be going in 2014. This week, our friends at Wells Fargo Securities (WFS) share with...
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Draftsmen & Craftsmen 12/11/13 The Oxnard Unified School District (OUSD) has chosen LA-based Bernards to rebuild the Harrington Elementary School Campus. Designed by Dougherty & Dougherty, the new school will be built on play fields of the existing 8.3-acr...
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Bobblehead Manufacturer Leases 200k sf WA Facility 12/10/13 Bobblehead manufacturer Funko LLC is moving its headquarters to a new and expanded facility in Everett’s Seaway neighbourhood. The company has inked a deal for the entire 200.5k sf building located at 1202 Shuksan Way, north ...
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Johnson Capital Arranges $3 Mil on 33k sf FL Property 12/10/13 Eric Fixler, Managing Director in Johnson Capital’s Boca Raton, FL office, arranged a $3 mil loan to finance the acquisition of a 32.6k sf educational building in Coconut Creek, FL.
The South Florida Academy of Learning pur...
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RiverRock Real Estate Group Lands Management Assignment for 630k sf Denver-Area 12/09/13 AEW Capital Management (AEW) has awarded RiverRock Real Estate Group the management assignment for a 630k sf of portfolio office and industrial space located in Denver and surrounding communities. This is the second new AEW ...
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Work Underway on New Specialty Retail Center in Dallas/Fort Worth Suburb 12/09/13 Development has started on Park Village, a 190k sf specialty retail center located on 22 acres in the affluent Dallas/Fort Worth suburb of Southlake, Texas. The project is being developed by The Woodmont Company, in partners...
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TEXAS - Hines Lands Property Management Duties for 375k sf Houston Office Tower 12/03/13 Silver Peak and Cameron Real Estate have awarded the property management duties for 1001 McKinney in Houston to Hines. The tower is a 23-story building located on the corner of McKinney and Main in the heart of the city’s dow...
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MVP Completes $6 Mil Buy of 22k sf Vegas Office Building 12/03/13 MVP REIT Inc has completed the final of six commercial office building acquisitions located within a Las Vegas office park. The 22k sf office building was purchased for $6.1 mil ($277/sf) in a transaction that closed on Nov. ...
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MIG Real Estate Closes 90k sf AZ Office Buy 12/03/13 MIG Real Estate has purchased Arcadia Gateway Center, an 89.8k sf, Class A office building in Phoenix. Arcadia Gateway Center is located at 4222 East Thomas Rd, about midway between downtown Phoenix and downtown Scottsdale. T...
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Salinas Industrial Owner Receives Encore for Recent 125k sf Signing 12/02/13 Encore Recycling Inc signed a long-term lease for 124.8k sf of industrial space at the Firestone Business Park in Salinas. The recycling company is a newly formed subsidiary of Vernon-based Command Packaging, a privately owne...
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Phoenix Team at Johnson Capital Arranges $7.5 Mil on Three AZ Apartment Properties 11/27/13 Neal Churney, CCIM, Dave Susank and Adam Finkel in Johnson Capital’s Phoenix office, have arranged three loans totaling $7.5 mil secured by three different apartment assets located in Sierra Vista, AZ.
The properties contai...
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Meridian Property Company is Actively Developing Medical Office Buildings in California 11/26/13 Meridian Property Company is nearing completion of construction on four state-of-the-art outpatient clinics in California totaling over 40k sf and valued at over $15.2 mil. Ranging in size from 8.2k sf to 12k sf, the four pro...
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Four-Building, 678k sf Office Complex in Anchorage Sells 11/22/13 An unnamed institutional partnership has purchased a four-building, 677.8k sf office complex in Anchorage, Alaska. The complex is 100 percent leased to ConocoPhillips, who will continue to occupy the complex.
Built in 1983, ...
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