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• Seal Beach’s Bay Theatre Sold in Recent $2 Mil Deal
1/12/17
The iconic Bay Theatre in Seal Beach has traded hands in a recent sale valued at $2.1 mil. The single-screen theater, located at 340 Main St and the Pacific Coast Hwy, was purchased by Dunlap Property Group.
The theater has...
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• American Realty Advisors and Unico Properties LLC Close on 385k sf Portland Office Buy
1/11/17
Congress Center, a 23-story, 385k sf high-rise office tower in Portland, was acquired by a venture between American Realty Advisors and Unico Properties LLC. The price was not disclosed.
Built in 1980, the property has high...
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• The Bascom Group Buys 280-Unit Res Asset in San Antonio
1/11/17
In another year-end multifamily acquisition, The Bascom Group LLC has acquired the Redlands Apartments, a 280-unit, Class A apartment community located in the affluent Stone Oak submarket of San Antonio.
The property consis...
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• CBRE Group Acquires Software Solutions Service Firm Floored Inc
1/06/17
CBRE Group has acquired Floored Inc, a leading producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology, for the global commercial real estate industry. Floored gives CBRE’s ...
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• Steadfast Apartment REIT II Closes Third TX Apartment Buy
1/05/17
Steadfast Apartment REIT III Inc (STAR III) has closed its third acquisition, paying $44.5 mil ($174k/unit) for Canyon Resort at Great Hills, a 256-apartment-home community located in Austin, TX.
Built in 1997, Canyon Resort...
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• Summerlin Primed for another Big Year of Activity in 2017
1/04/17
After a record-setting 2016, the coming year’s expectations are high for activity at Summerlin, the 22.5-acre, master-planned community that spans the western rim of the Las Vegas valley at the foot of Red Rock Canyon. The co...
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• Berkeley Office Building Sells in $22 Mil Deal
12/29/16
Lionstone Investments has purchased a 49.4k sf office building in Berkeley in a recent transaction said to be worth just over $22 mil, or around $450/sf. The majority of the building, or about 42k sf, is occupied by anchor te...
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• The Bascom Group Closes on 90-Unit Las Vegas Res Buy
12/28/16
The Bascom Group LLC has just acquired Pebble Cove Apartments, a 90-unit, garden-style apartment community in Las Vegas, for $9.1 mil, or $101k/unit. The property is located at 5101 O’Bannon Dr, west of Decatur Blvd and north...
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• Boutique Office Building in Santa Monica Trades for $900/sf
12/22/16
An 11.3k sf, boutique creative office building in Santa Monica was purchased for $10.25 mil ($907/sf) in a recent investment buy. The building, located at 1546 7th St, west of Lincoln Blvd and north of Colorado Ave, was desig...
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• Badiee Development to Start Work on Vista Industrial Develoment
12/19/16
Badiee Development plans to break ground in early 2017 on Keystone Victory Industrial Park, a two-building, 77.9k sf industrial project in Vista. The development is located on one of the last available industrial parcels in S...
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• Hines Picks Up 684k sf Phoenix Industrial Park
12/16/16
Hines has acquired Southwest Industrial Center, a Class A industrial park located in the heart of the Southwest Valley submarket in Phoenix, from Hillwood Property Trust. The price was not disclosed.
The project consists of ...
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• CBRE Group Acquires Skye Group
12/14/16
CBRE Group Inc has acquired Skye Group, a leading provider of retail project management, shopping center development and tenant coordination services in the U.S. and Canada. This acquisition enhances CBRE’s position in the re...
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• CBRE Duo Brokers Office and Retail Sales in Las Vegas
12/13/16
Here’s the scoop on a couple of recent sale transactions from Las Vegas, one an office buy and the other a retail trade. In both transactions, the sellers were represented by Charles Moore and Marlene Fujita-Winkel out of CBR...
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• Central CA Retail Asset Trades for $319/sf
12/13/16
A locally based investor paid $5.2 mil for Lathrop Crossing, a 16.3k sf multi-tenant retail property in Lathrop, a central CA city situated about 10 miles south of Stockton. The property sold at a price per square foot of $31...
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• New Victorville Distribution Facility Gets Underway Already 42% Pre-Leased
12/12/16
Stirling Development has commenced construction of Distribution Centre 18, a 370k sf industrial facility located at Southern California Logistics Airport, (SCLA) an 8,500-acre multimodal freight transportation hub which inclu...
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• Worchell Hollywood Properties Makes Medical Office Buy in the East San Fernando Valley
12/12/16
Worchell Hollywood Properties recently closed on medical office buy in Burbank, paying $14.3 mil for Toluca Lake Medical Center, a 24.9k sf ($574/sf), single-tenant property. Toluca Lake Medical Center is located at 4323 Rive...
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• Irwindale Industrial Development Gets Underway
12/09/16
Seventh Street Development has broken ground on Alderson Business Park, a 10-acre, 195.1k sf industrial development in Irwindale. The project is one of only two speculative industrial developments in Irwindale in the last 10 ...
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• Crowne Plaza Hanalei Hotel in San Diego Trades Hands
12/08/16
Crowne Plaza Hanalei, a 419-room hotel located in the heart of San Diego’s Mission Valley, was acquired by a private client of Brighton Management. The property, located at 2270 Hotel Circle North, was sold by Hanalei Associa...
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• Vectra Management Group Pays $17 Mil for Class A Office Property in West Los Angeles
12/07/16
Vectra Management Group Inc has acquired a Class A, 43.4k sf office building in Los Angeles for $17.06 mil ($393/sf) via an auction from UC Regents. The purchase was financed with a $16.75 mil bridge loan arranged by CBRE.
T...
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• Oceanfront Hawaii Resort Development Financed with $96 Mil Loan
12/06/16
HFF has arranged $96 mil in financing for the development of Timbers Kaua’i – Ocean Club & Residences, a private oceanfront residence club within the planned Hokuala Resort in Lihue on the Hawaiian island of Kaua’i. The const...
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