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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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MIG Real Estate Closes Its First Buy in Salt Lake City Area 11/21/13 Newport Beach-based MIG Real Estate just closed on its first acquisition in the Salt Lake City area, purchasing Mountain View Corporate Center, an 84.4k sf, Class A office building in Murray, Utah.
Located at 756 & 764 East...
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Draftsmen & Craftsmen 11/20/13 Construction was just completed on the interiors of the Villaraigosa Pavilion and Duty Free Shops (DFS) at Tom Bradley International Terminal (TBIT) at Los Angeles International Airport (LAX). Westfield Concession Management...
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Westminster, CO Retail Asset Goes for $10.8 Mil 11/19/13 Denver-based Gart Investment Company closed on a newsworthy CO retail buy, paying $10.8 mil for Willow Run Shopping Center, a 95.8k sf ($113/sf) retail center in Westminster, CO, a suburb northwest of Denver. Built in 2000 on...
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Talonvest Capital Closes $62 Mil in Fundings 11/19/13 Irvine-based Talonvest Capital Inc recently funded $34.7 mil in commercial financings and $27.6 mil of self-storage loans. The eight assignments included structuring and negotiating loans for retail, industrial, office, and ...
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TEXAS - Steadfast Income REIT Purchases 1,692-Unit Res Portfolio in Houston 11/18/13 Steadfast Income REIT Inc completed a six-property portfolio acquisition in Houston representing 1,692 apartment units. The portfolio was acquired in two phases that closed on October 10 and November 7 of this year. The REIT ...
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Kennedy Wilson Partnership Closes 388-Unit Vancouver, WA Buy 11/15/13 A Kennedy Wilson-led venture has acquired The Pointe, a 388-unit apartment community located in Vancouver, Washington, a suburb of Portland, for $39.5 mil ($101.8k/unit).
The total equity invested in the transaction was $11...
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Commercial Real Estate Financing Briefs 11/14/13 NEWMARK REALTY CAPITAL - Newmark Realty Capital has arranged $10 mil in permanent financing secured by nearly 60k sf of prime multi-tenant retail space located in Inglewood. Tenants include Walgreens and LA Fitness. In additi...
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TEXAS - 1031 Investor Exchanges into 220-Unit TX Apartment Asset 11/14/13 The Creek on Park Place, a 220-unit apartment complex in the Mid-Cities area of Texas between Dallas and Fort Worth, was acquired by a 1031-exchange investor from the West Coast. The terms of the sale were not released.
Buil...
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LoganView Capital Buys Carmel Mission Inn 11/12/13 LoganView Capital, a California-based hotel investment group, bought the Carmel Mission Inn, a full-service hotel located at 3665 Rio Rd in the upscale Monterey peninsula city of Carmel. The hotel includes 165 rooms, a restau...
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Vancouver, WA Residential Property Sells for $45k/Unit 11/08/13 Bayside Communities has acquired Maple Knoll Apartments, an affordable multifamily asset located at 1824 Northeast 104 St in Vancouver, WA, for $6.7 mil. The two-story, 148-unit ($45.3k/unit) community totals 125.4k sf of ap...
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Johnson Capital Arranges $16.6 Mil Multifamily Refi 11/07/13 Darren Fisk, Managing Director of Johnson Capital’s Denver office, has arranged a $16.575 mil refi loan secured by a 400-unit multifamily property in Birmingham, AL.
The property is called Brook Highland Place Apartments and...
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