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• Trion Properties Collects Over $25 Mil from Sales of Two Sacramento Area Res Properties
10/10/16
Trion Properties has repositioned and sold two multifamily communities in Sacramento in deals worth a combined $25.5 mil. The two dispositions include Sierra Village, a 185-unit garden-style apartment community, and Regalia C...
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• Stanton Road Capital Completes 250k sf Office Acquisition in Texas
10/07/16
In a recent Texas office buy, Stanton Road Capital LLC (SRC), through its affiliate, SRC Airport Owner LP, purchased Airport Centre I & II, a 251.2k sf property in the Dallas/Ft. Worth area. It was sold by Allegiancy Houston ...
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• Industry Icon John B. Kilroy, Sr Passes Away at the Age of 94
10/06/16
Click headline for LA Times obituary about the real estate legend
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• OC Office Campus Lands $33 Mil in New Financing
10/06/16
Hines and funds managed by Oaktree Capital Management L.P. have obtained $33 mil in financing for the Raytheon Office Campus, a three-building, 405.1k sf office property in Fullerton. The five-year, floating-rate loan was arr...
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• Marc D. Renard Promoted to Executive Vice Chairman of Cushman & Wakefield’s Capital Markets Group
10/06/16
Marc D. Renard has been promoted to Executive Vice Chairman of Cushman & Wakefield’s Capital Markets Group. Renard, who is based in C&W’s Downtown Los Angeles office, has consistently been recognized as one of the firm’s top ...
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• Omninet Capital LLC Buys 180k sf Ventura Office Asset from Equity Office Properties
10/05/16
Beverly Hills-based Omninet Capital LLC has purchased Center Promenade, a seven-building, 180.6k sf office campus in Ventura. The asset, situated adjacent to the Ventura County Government Center, provides a park-like setting ...
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• Steadfast Apartment REIT Closes Its 8th Texas Buy
10/05/16
Steadfast Apartment REIT recently acquired its eighth Texas property: Lake Ray Hubbard, a garden-style apartment community with 334 apartment homes in Rockwall, a submarket located 25 miles northeast of Dallas. The price was ...
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• SST Investments Pays $13 Mil for Santa Clara Industrial Property
10/04/16
Sun Technology Park, a three-building, 69.8k sf industrial/R&D project in Santa Clara, was purchased by SST Investments LLC in a recent $12.95 mil ($185/sf) investment buy. It was sold by the Dick Lee Corporation.
Built in ...
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• De La Vega Group Buys 90-Acre Development Site in Fort Worth
10/04/16
A development partnership controlled by the De La Vega Group has acquired Presidio North, a 90-acre, retail development site in north Fort Worth, TX. We’re told the transaction represents the largest major retail development ...
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• Dallas/Ft. Worth-Based Engvest Commercial Realty to Become a Sperry Commercial Global Affiliate
10/04/16
Sperry Commercial Global Affiliates LLC has a new franchise affiliate in Texas, Dallas/Ft. Worth-based Engvest Commercial Realty LLC. The first Dallas/Fort Worth affiliate to join Sperry Commercial Global Affiliates LLC, Engv...
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• Weidner Apartment Homes Picks 118-Unit Asset in Phoenix
9/30/16
The first urban apartment project to be constructed and traded in downtown Phoenix's post-recession real estate upswing has sold this week in a $21.8 mil transaction. The property, Proxy 33, is a 118-unit complex that was acq...
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• Venture Between Barker Pacific Group and Pacific Real Estate Partners Buys 360-Unit AZ Res Property
9/30/16
Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners has acquired Maya Linda Apartments, a 360-unit apartment complex located on a new light rail station in the em...
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• Strategic Storage Trust II Inc Picks Up 810 Self-Storage Units in Vegas
9/29/16
Strategic Storage Trust II Inc (SST II) recently purchased a Las Vegas self storage facility consisting of approximately 810 units, 39 of which are RV parking spaces, across approximately 101.4k sf rentable space. The price w...
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• Thorofare Capital Funds $14.9 Mil Loan for South Pasadena Apartment Buy
9/29/16
Thorofare Capital has provided an affiliate of BRAD Management with a $14.9 mil floating-rate commercial mortgage for the acquisition and renovation of two multifamily buildings in South Pasadena. The neighboring gated prop...
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• Parallel Capital Partners Secures $48 Mil Refi on Seal Beach Office Property
9/27/16
Parallel Capital Partners has secured $48.5 mil from Pacific Western Bank to refinance The Ranch at Seal Beach, as well as completed lease transactions at the property valued in excess of $20 mil.
Parallel acquired the 297....
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• Legacy Partners and SyRES Properties Start Work on Second Phase of Concord Res Development
9/27/16
Legacy Partners and SyRES Properties have just broken ground on the 180-unit, second phase of Renaissance Square, a luxury apartment community in Concord. In August 2016, Legacy Partners and SyRES Properties also acquired the...
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• Clippinger Investment Properties Pays $6.4 Mil for Historic Hollywood Apartment Building
9/26/16
By Allen Wolfsheimer
Sacramento-based Clippinger Investment Properties recently acquired the Marathon Apartments, a four-story, 43-unit apartment property in Hollywood, in a $6.4 mil ($149k/unit) deal. The property, formerly...
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• San Diego Strip Center Property Sells for $769/sf in Recent Private Investor Buy
9/23/16
A CA-based private investor has purchased the Taco Bell and Shops, an 18.2k sf strip center in San Diego, in a recent transaction valued at $14 mil, or $769/sf. The property, which is leased to a synergistic mix of food and s...
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• Sacramento Area Res Community Trades for $84k/Unit
9/22/16
Sierra Village, a 185-unit, Class B apartment community located in the North Highlands submarket of Sacramento, was purchased for $15.5 mil ($83.8k/unit) by Oracle Properties Development. The asset was sold by Trion Propertie...
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• Hollywood Dev Site Sold for $23 Mil by Champion Real Estate Company
9/21/16
In development news out of Hollywood, Airport Holdings LP paid $23.3 mil for a 49.6k sf parking lot property that is currently entitled for a mixed-use, residential/retail property. The property, located at 1717 N. Las Palmas...
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