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• Hines’ 24th at Camelback II Tower Achieves LEED Platinum Certification
11/06/13
Hines’ 24th at Camelback II office tower has achieved Platinum certification under the U.S. Green Building Council's LEED for Existing Buildings (EB) Rating System. The property, owned by Hines and an East Coast pension fun...
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• Bascom Group Picks Up 624-Unit Asset in Las Vegas
11/04/13
Eagle Crest Apartments, a 624-unit, Class A garden-style multifamily community in Las Vegas, was purchased by the Bascom Group LLC, out of Orange County. The property is located at 5850 Sky Pointe Dr, west of I-15 off Hwy 95 ...
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• Terramar Retail Centers Obtains $43 Mil Refi on Two Pacific Northwest Properties
11/01/13
Terramar Retail Centers has obtained a $43 mil refi on Fairwood Shopping Center and Oswego Village Center, grocery-anchored, community shopping centers in Renton, Washington and Lake Oswego, Oregon. Loan proceeds were used to...
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• Boca Raton Mixed-Use Complex Acquired with $11.3 Mil in Financing
10/30/13
Eric Fixler, Managing Director in Johnson Capital’s Boca Raton, FL office, arranged an $11.3 mil loan secured by The Boardwalk at 18th Street, formerly Wharfside Village Shopping Center, a mixed-use, office and retail complex...
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Executive Subscriber Price: Free
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• Draftsmen & Craftsmen
10/30/13
Phase I of the Manhattan Beach Unified School District’s Mira Costa High School renovation and expansion project has been completed. The project involves renovating, modernizing and expanding existing school facilities, which...
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• Trion Properties Buys One Apartment Asset While Putting Another One on the Market
10/29/13
LA-based Trion Properties continues to be an active multifamily investor, as the firm recently acquired one property in Los Angeles, while listing for sale another apartment asset in Fresno.
The Los Angeles complex contains ...
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• Work Completed on New 1 msf Naval Hospital at Camp Pendleton
10/27/13
Construction has been completed on the new 1 msf (total campus) Naval Hospital at the Marine Corps Base Camp Pendleton. The project, completed six months ahead of schedule and more than $100 mil under budget, was built by a j...
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• TEXAS - International Buyer Picks Up 168k sf Fort Worth Retail Center
10/25/13
Kroger Shopping Center, a 168k sf, grocery-anchored retail center in Fort Worth, Texas, was purchased by an unnamed international buyer. The shopping center is located in a blue-collar area of Dallas/Fort Worth and was 98-per...
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Executive Subscriber Price: Free
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• Talonvest Capital Arranges $116 Mil on Two Self-Storage Portfolios
10/23/13
Talonvest Capital Inc arranged $116.2 mil in financings for two portfolios from Metro Storage-related entities. The loans have 10 years of interest-only payments with fixed rates in the low 5% range; they are non-recourse an...
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• Stratford Partners and Pathfinder Partners Pay $15 Mil for Tempe, AZ Multifamily Asset
10/23/13
Dorsey Place, an 84-unit, condominium-style apartment building on East University Drive in Tempe, AZ, sold for nearly $15 mil ($178.5k/unit). San Diego-based Stratford Partners and Pathfinder Partners, which had purchased the...
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• Trigild Named Liquidating Trustee for $50 Mil Retail Portfolio
10/22/13
San Diego-based Trigild has been appointed liquidating trustee for a $50 mil portfolio of 37 strip centers encompassing 600,000 square feet of retail space. Trigild specializes in property/asset management and fiduciary serv...
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• TEXAS - Out-of-State Investor Buys 168-Unit Dallas Multifamily Community
10/21/13
An Illinois-based limited liability company has acquired Ashton Oaks, a 168-unit luxury multifamily community in North Dallas. The price was not disclosed.
Built in 1988 on approximately seven acres, Ashton Oaks is located a...
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• Salem, OR Office Building Changes Hands
10/18/13
Jody Bostater LLC bought a 60k sf office building in Salem, Oregon. The property address is 3150 NE Lancaster Drive, NE, east of I-5 and south of Silverton Rd NE.
Scott Weigel and Preston C. Greene of CBRE, along with Raymon...
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• Commercial Real Estate Financing Briefs
10/17/13
NORTHMARQ CAPITAL -- Marty Meagher and Gardiner Champlin, managing directors of NorthMarq’s San Diego regional office, secured acquisition financing of $24.1 mil for The Palms on Westheimer, a 798-unit multifamily apartment c...
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• Doodle Properties Invests in Pahrump
10/17/13
In a Nevada medical office property buy, a 12.5k sf building sold for $3.8 mil, or just over $300/sf. The building is located at 330 Lola Lane in Pahrump, located about 65 miles west of Las Vegas on the Nevada side of the bor...
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• TEXAS - LA Fitness Popular in Houston
10/16/13
A 45k sf, LA Fitness facility in the city of Houston recently sold for $12 mil ($267/sf). The high-quality property is located at 9633 Westheimer Rd, in a wealthy area of Houston.
The property is surrounded by Wal-Mart, Hom...
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• TEXAS - Hines to Master-Plan High-End Community on 46-Acre Houston Site
10/15/13
In development news out of Houston, TX-based Hines picked up a 46-acre tract of land inside the 610 Loop at Interstate 10, located on Old Katy Rd behind Star Motor Cars and next to The Houston Design Center The firm plans to ...
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• Morley Builders President Mark Benjamin Dies in Plane Crash
10/14/13
As most of you probably already know, Mark Benjamin, President and CEO of Santa Monica-based Morley Builders, died on September 29, 2013 in a tragic airplane accident that also took the life of his son Lucas Robert Benjamin a...
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• TEXAS - Dornin Acquires Two Value Add Office Buildings in Houston, TX
10/14/13
Dornin Investment Group has acquired two well located, Class B office buildings located in the prestigious Energy Corridor office submarket in Houston. The buildings, totaling 165k sf, were purchased in an off-market transact...
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• RLJ Lodging Trust Buys SpringHill Suites by Marriott Portland Hillsboro Hotel
10/10/13
In a Portland area hospitality buy, RLJ Lodging Trust has purchased the SpringHill Suites by Marriott Portland Hillsboro hotel on behalf of an entity consisting of affiliates of CPA®:17 – Global, a publicly held non-traded RE...
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Executive Subscriber Price: Free
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