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• Full City Block in Seattle Offered for Sale
7/13/15
A full city block in Seattle’s Capitol Hill neighborhood has been put on the market for the first time in 70 years. The MidTown Center property is located on a major intersection at 23rd Ave and East Union St.
The site is ri...
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• Adler Realty Investments Spends $5.5 Mil on Phoenix Industrial Investments
7/10/15
Adler Realty Investments Inc has purchased three industrial buildings in the Tempe area of Phoenix for $5.5 mil. The properties were acquired in two separate transactions, one of which being a sale/lease back with the seller....
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• Vegas Retail Center Trades for $52 Mil
7/09/15
Crossroads Towne Center, a 148.8k sf retail center in North Las Vegas, was purchased by a Cornerstone Advisers entity for $52 mil ($349/sf). It was sold by The Eagle Group, out of Los Angeles.
Built in 2007, Crossroads Town...
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• Renewable Energy Trust Capital Inc Acquires Coram Wind Project in Kern County
7/09/15
Renewable Energy Trust Capital Inc (RET Capital) has acquired Coram Wind Project, an operating 102-megawatt (MW) power plant in SoCal’s Kern County. The plant, located in Tehachapi, was completed in May 2012.
Coram Wind Proj...
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• Downtown LA Office Tower Awarded LEED Platinum Certification
7/09/15
Aon Center, the 1.1 msf, Class A office tower at 707 Wilshire Blvd in the heart of downtown LA’s Financial District, was awarded LEED Platinum certification. The high-rise is owned by Shorenstein Properties LLC, who acquired ...
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• MIG Real Estate Wraps Up 130k sf Denver Biz Park Buy
7/08/15
MIG Real Estate recently completed the acquisition of Iliff Business Park, a 130.7k sf, four-building flex business park in Denver’s Southeast submarket. Iliff Business Park is located at 2369, 2422 and 2452 South Trenton Way...
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• ViaWest Group Buys 70k sf AZ Industrial Asset
7/07/15
ViaWest Group closed on an industrial buy in Arizona, paying $4.23 mil for Bell17 Industrial, a three-building, 70.5k sf ($60/sf) industrial project in North Phoenix’s Deer Valley submarket. Based in Phoenix, ViaWest has purc...
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• Four San Fernando Apartment Properties Sell in Deals Totaling $57 Mil
7/07/15
Four San Fernando Valley multifamily properties totaling 269 units were sold in separate transactions during June 2015 for a combined price of over $57 mil. Dean Zander and Vince Norris of Berkadia represented the sellers in ...
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• Washington Multifamily Asset Trades in $43 Mil Deal
7/02/15
San Mateo-based G.W. Williams Co closed on the purchase of Peloton Apartments, a 150-unit residential property in Redmond, WA. The property was sold by Grosvenor Americas in a $43 mil ($287k/unit) transaction.
Grosvenor ext...
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• AZ Office / Hangar Facility Purchased by Southwest Jet Center
7/01/15
Southwest Jet Center has purchased The Hangars at 5615, a major, state-of-the-art office and hangar facility with direct runway access to Phoenix Mesa-Gateway Airport, the hub of Phoenix’s up-and-coming aerospace corridor. Th...
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• Houston Senior Housing Project to Start after Landing $49 Mil in Construction Money
7/01/15
A joint venture between Bridgewood Property Company and Harrison Street Real Estate Capital has obtained $49.7 mil in construction financing for The Village of River Oaks, a 195-unit, Class A senior housing community located ...
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• Lowe Enterprises Investors Buys 437k sf Phoenix Office Asset
6/30/15
Lowe Enterprises Investors, in a joint venture with one of its investment clients, has acquired Phoenix Gateway, a 437.6k sf, Class A office project in Phoenix, AZ. The price was not disclosed.
Mark McGovern and Scott Peters...
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• Partners Capital Acquisitions Purchases Las Vegas Area Retail Center
6/29/15
Partners Capital Acquisitions LLC and its affiliates aquired Gramercy Commons, a 27.3k sf retail center in the Spring Valley community of Las Vegas, in an off-market transaction.
Fomerly known as Stetson Ranch Shopping Cent...
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• Newmark Realty Capital Arranges Purchase Money for 88k sf AZ Shopping Center
6/29/15
Newmark Realty Capital Inc has arranged acquisition financing for Northsight Village, an 88k sf, Savers-anchored shopping center situated on approximately 8.957 acres in Scottsdale, AZ. The non-recourse loan has a 10-year ter...
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• Premier Business Centers Opens Its First Las Vegas Location
6/26/15
Irvine-based Premier Business Centers has opened it first location in Las Vegas. On June 1st of this year, Premier, the largest privately owned executive office suite operator in the US, acquired the WaterMark Executive Suite...
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• Sherman Oaks Apartment Building Trades for Nearly $500k/Unit
6/24/15
Vista Modern, a four-story, 34-unit apartment complex in Sherman Oaks, sold for $16.5 mil, or $485.6k/unit. The buyer was a Japanese construction company.
Built in 2014 and located just west of Van Nuys Blvd, at 4632-4646 Vi...
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• The California Drought Mandate – How to Plan
6/23/15
This year the State of California has mandated that properties cut water usage by at least 20 percent – a large undertaking for some companies that may have to make major overhauls to landscaping and water usage at their prop...
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• Sealy & Company Buys 900k sf Texas Industrial Portfolio
6/23/15
Sealy & Company has purchased 902.7k sf of Class A industrial assets in Texas on behalf of its investment offering, SSEP. Four buildings totaling 758.7k sf are located in El Paso, TX and the remaining building totaling 144k ...
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• Commercial Real Estate Financing Briefs
6/22/15
GEORGE SMITH PARTNERS -- Malcolm Davies, Teddy Stutz and Bo Everett of George Smith Partners secured $25 mil in joint venture equity finance for the ground-up development of a luxury, 168- Unit townhome project in Dana Point....
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• Phoenix Industrial Portfolio Sells for $42 Mil
6/19/15
The Realty Associates Fund X, L.P. purchased the White Star Portfolio, nine industrial buildings totaling 460.7k sf situated near Phoenix Sky Harbor International Airport and the city’s interstate highway systems. The assets ...
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