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• Renovation of CO Office Property Transforms Class B Space into a Modern, Class A Environment
12/09/15
Elion Partners completed a capital improvement program at 5889 Greenwood Plaza Blvd, a 90k sf office property in Greenwood Village, CO. The significant, state-of-the-art renovations transformed the Class B suburban office pro...
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• Xebec and Cornerstone to Develop 360k sf Spec Industrial Park in Sun Valley
12/09/15
Xebec and Cornerstone Real Estate Advisors have teamed up to develop a state-of-the-art industrial park in the northeastern San Fernando Valley community of Sun Valley. The Class A project will consist of two warehouse buildi...
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• Unique Retail Property in Phoenix Trades Hands
12/08/15
SimonCRE purchased the 1917 OS Stapley Buildings, a 36k sf, multi-building property located in the up and coming Lower-Grand Avenue Business District in downtown Phoenix. The asset was sold by Abromovitz Grand Avenue Partners...
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• Meridian Closes Out Active 2015 with $5 Mil Sale of Fairfield Dialysis Clinic
12/08/15
An 8.7k sf, dialysis clinic in Fairfield, CA was purchased for $5.15 mil ($592/sf) in a recent acquisition by a private investor in a 1031 exchange. The transaction came in at a cap rate of 5.5%. The property was sold by Meri...
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• Swift Real Estate Partners Buys 110k sf OC Office Complex
12/07/15
A Swift Real Estate Partners entity has purchased McCabe Corporate Center, a three-building, 109.5k sf low-rise office complex in Irvine. The acquisition was funded with $24.2 mil in non-recourse financing arranged by CBRE Ca...
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• Menashe Properties Gives Leasing Assignment for New Portland Office Building to CBRE
12/04/15
Menashe Properties has awarded CBRE the leasing assignment for a new six-story office building in downtown Portland’s West End. The building, 12th and Morrison, is located at 1127 SW Morrison.
12th and Morrison contains 60k ...
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• Construction Topped Out at 64k sf Project for Santa Monica College
12/03/15
Construction has just topped out on Santa Monica College’s (SMC) new Health, Fitness, Dance and Physical Education Building, a 63.8k sf project that is part of the main SMC Campus. The new building, which is being built by Be...
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• Team of 17 Industrial Pros from TNRG Join Houston Office of Lee & Associates
12/02/15
A group of 17 industrial specialists of The National Realty Group (TNRG) have joined Lee & Associates Houston, boosting Lee’s brokerage presence in the local and regional industrial market.
With this addition, the...
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• Sperry Van Ness to Become SVN
12/02/15
Commercial real estate services organization, Sperry Van Ness International Corporation, has formally changed its company brand name to SVN. The firm has offices in four countries serving 500 markets across the globe. The SVN...
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• Draftsmen & Craftsmen
12/01/15
LGE Design Build has recently completed constructing the $4.5 mil Phoenix West Campus of The Austin Centers for Exceptional Students (The ACES). The ACES, a state approved school, is the largest private provider of special ed...
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• Steel Topped Out at $35 Mil Ladera Ranch Multiuse Facility
11/30/15
The final steel beam was lifted into place atop a new, $35 mil solar-powered multiuse facility currently under construction in Ladera Ranch, CA. The 120k sf complex, located at 2 Terrace Rd, south of Oso Pkwy and east of I-5 ...
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• Phoenix Realty Group and Blackstone Close $570 Mil National Multifamily Buy
11/24/15
Phoenix Realty Group (PRG) and Blackstone Real Estate Partners VIII have teamed up in the acquisition of a 16-property, 3,800-unit multifamily portfolio valued at approximately $570 mil. The properties are located in the Los ...
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• Title 24 Costs and Its Effects on a Lease
11/24/15
According to CBRE research, the latest update to California’s energy code has far reaching implications that can quickly increase costs and timelines associated with both new construction and renovations. New construction has...
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• USC Wins Silver Shovel at This Year’s NAIOP SoCal UCLA vs USC Real Estate Challenge
11/23/15
On November 19 more than 300 real estate professionals gathered at USC’s Town and Gown for the annual NAIOP SoCal UCLA vs USC Real Estate Challenge. During this iconic Southern California real estate event, five-member studen...
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• Construction Finished on The Bicycle Hotel & Casino in Bell Gardens
11/20/15
Construction was just completed on The Bicycle Hotel & Casino, a 99-room, 117.9k sf boutique hotel located at 888 Bicycle Casino Drive, in the heart of Bell Gardens. The new $45 mil project features a variety of luxury amenit...
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• Apartment Investor Sells Koreatown Portfolio and Exchanges into Inland Empire Portfolio
11/19/15
Two LA-area apartment portfolios totaling 537 units sold in separate deals with a combined price of $64.225 mil. One of the portfolios is in Los Angeles’ Koreatown submarket, while the other is in the Inland Empire communitie...
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• Radisson Suites Buena Park Trades Hands
11/18/15
Golden Capital Venture LLC, a subsidiary of INVOBAL Corporation, has acquired the 200-room, all-suite Radisson Suites Buena Park located in the heart of the Buena Park Entertainment Zone. The property, at 7762 Beach Blvd, wes...
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• Pro Moves
11/18/15
Guy Ponticello / Bruce Westwood-Booth -- CBRE Capital Markets has strengthened its Corporate Capital Markets and Net Lease Property Group in the Americas with the appointments of Guy Ponticiello as Managing Director, and Bruc...
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• Bancroft Capital Completes 124k sf Colorado Office Buy
11/18/15
Bancroft Capital closed on the purchase of Sixth Avenue West, a 124.5k sf, Class A office building in Golden, CO. Located at 350 Indiana St, the property was sold by a joint venture between Diversified International Partners,...
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• JLL to Acquire OC-Based Martin Potts & Associates Inc
11/17/15
Real estate services firm JLL has entered into an agreement to acquire Martin Potts & Associates Inc (MPA), a project and construction management services firm for retail, hospitality, healthcare and office properties. The tr...
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