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• Work Gets Underway on New $74 Mil LA County Metro Operations Facility
11/02/12
The Los Angeles County Metropolitan Transportation Authority (Metro) has begun work on a new $73.5 mil Metro Division 13 Bus Maintenance and Operations Facility. Designed to optimize the agency’s bus transit service throughou...
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• Jones Lang LaSalle Covers the OR Office Market
10/31/12
Here’s a review of a few recent OR office leasing deals, provided to us by real estate services firm Jones Lang LaSalle (JLL). JLL represented Huron Consulting Group in two separate lease transactions: a 35.7k sf lease at 600...
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• Prime Development Site in Bellevue, WA’s CBD Listed for Sale
10/29/12
One of the last remaining prime development sites in Bellevue's Central Business District has just come on the market. Located at 437 - 527 108th Avenue NE between One Bellevue Center and Key Center, the property consists of ...
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• Commercial Real Estate Financing Briefs
10/19/12
NEWMARK REALTY CAPITAL -- Eric Von Berg and Tom Dao of Newmark Realty Capital arranged $20.75 mil on a 220-unit, Class A apartment complex in Salinas. Newmark worked with Prudential Huntoon Paige to underwrite and close this ...
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• NAI Capital Launches Asia Pacific Group
10/19/12
NAI Capital has just launched a new division, the Asia Pacific Group (APG), which will be one of the largest Asian-specific groups among major commercial real estate brokerage firms nationwide. Based in Encino, NAI Capital i...
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• NoCal Distribution Center for Cost Plus Trades Hands
10/18/12
A privately held REIT purchased the Cost Plus distribution center in the city of Stockton. The asset, consisting of two Class A distribution warehouses totaling 1.04 msf, was acquired from Retail Properties of America Inc.
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• Oahu Seniors Housing Facility Lands $28.5 Mil in Fannie Mae Refi Money
10/12/12
MW Group Ltd has obtained $28.5 mil in Fannie Mae refi money for The Plaza at Mililani, a seniors housing community located in Mililani, HI. Walker & Dunlop, led by Russell Dey, provided the financing.
The Plaza at Mililani ...
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• Commercial Real Estate Financing Briefs
10/01/12
NORTHMARQ CAPITAL -- Doug Austin, vice president of NorthMarq ‘s San Diego Regional office, arranged first mortgage refinancing of $6 mil for Oak Creek Shopping Center, a 27.8k sf shadow-anchored retail property located at 23...
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• PS Business Parks Awards Marketing Job for Two OR Biz Parks to CBRE
9/28/12
PS Business Parks has awarded the leasing assignment for two Portland-area business park properties to a CBRE team of Trevor Kafoury, Jason Green and Preston C. Greene. The properties are Cornell Oaks and Creekside Corporate ...
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• Johnson Capital’s Neal Churney Places Eight Loans Totaling Over $25 Mil
9/24/12
Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has this quarter closed eight different financing transactions totaling $25 mil for eight different property owners. The properties are a combinat...
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• Recent Leases Fill 30k sf at Vancouver, WA’s Largest Office Building
9/21/12
Downtown Vancouver's Bank of America Financial Center, Clark County's largest Class A office tower, has seen a flurry of leasing activity, gaining four new tenants and filling nearly 30k sf of space. The 203k sf building is ...
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• Three Shorenstein Office Properties Awarded LEED Certification
9/18/12
Shorenstein Properties LLC recently received LEED certification at the Gold level for Existing Building Operations and Maintenance (EBOM) from the U.S. Green Building Council for three more of its nationwide portfolio of Clas...
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• Johnson Capital Arranges $23 Mil in Refi Money on 88k sf Mixed-Use Property
9/17/12
Scott Monroe, Senior Vice President at Johnson Capital, has arranged a $23 mil refinance loan secured by a new mixed-use complex in Austin, TX.
The property was built in 2009 by a major regional retail developer based in A...
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• Economic Update
9/17/12
Friends and Colleagues
In light of the big Fed announcements this week, our friends at Wells Fargo Securities (WFS) review what the Fed did and what it means. Read on for details....
The Fed made some big announcements thi...
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• Hines and Oaktree Fund Purchase OC Office Property
8/28/12
Hines and a subsidiary of a real estate fund managed by Oaktree Capital Management L.P. acquired Bay Technology Center in Irvine from Arden Realty, a GE Capital Real Estate Company. The two-building, 114.1k sf office complex ...
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• Draftsmen & Craftsmen
8/22/12
Construction on the new $72.7 mil Bob Hope Airport Regional Intermodal Transportation Center (RITC) has gotten underway. The facility, which is being built by McCarthy Building Companies, will provide seamless connectivity fo...
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• SoCal Pro Moves
8/21/12
KEITH H. FIELDING, TIBOR S. LODY & ALEKS TRIFUNOVIC -- Keith H. Fielding, Tibor S. Lody, and Aleks Trifunovic have joined Lee & Associates West Los Angeles as principals. The trio, who previously worked as a team with Klabin ...
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• Communication Test Design Leases 239k sf of AZ Ind Space
8/17/12
In a big AZ industrial lease, Communication Test Design inked an eight-year deal for 238.5k sf of space at Westside Business Park in the city of Tolleson, roughly 12 miles directly west of Phoenix. The transaction accounts fo...
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• Scott Sweeney Launches Real Estate Advisory Firm
8/14/12
Veteran industry exec Scott Sweeney, CCIM, CPM, has launched Property Income Advisors Inc, a real estate advisory firm focused exclusively on assisting non-U.S. clients in the investment and management of United States commer...
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• Lowe Completes Construction on 300k sf Second Phase of Kearny Mesa County Project
8/10/12
Lowe Enterprises has completed construction of the second phase of the County Operations Center and Annex redevelopment in Kearny Mesa. The newest phase of the project includes two 150k sf, four-story, steel-frame office bui...
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