| Lighthouse Investments Buys 120-Key Hotel in Seattle
Beverly Hills-based Lighthouse Investments recently acquired the full-service, luxury Hotel 1000, a 120-key hotel located at 1000 First Ave in downtown Seattle. The price was not disclosed.
Completed in 2006, the property is...
| Base Equities Launches Debut Fund with Goal of $50 Mil in Commitments
Base Equities, a Los Angeles-based private equity firm that specializes in providing preferred equity to established sponsors in commercial real estate assets across the United States, has launched its new fund, Base Preferre...
| Healthcare Realty Pays $24.6 Mil for OC Medical Office Building
Healthcare Realty closed on the $24.6 mil purchase of Saddleback Professional Center, a 73k sf ($337/sf), medical office building in Laguna Hills. The property, located at 24012 Calle De La Plata, was sold by Miramar Capital....
| Silver Creek Development Acquires Arizona Office Property in $34 Mil Transaction
In an AZ office buy, Phoenix-based Silver Creek Development acquired Ascend at Chandler Airport Center, a 130.6k sf, Class A office building in Chandler, for $34.2 mil ($262/sf). The single-tenant investment is 100% leased on...
| Livingston Street Capital Buys Texas Adult Res Community
An affiliate of Livingston Street Capital has acquired a 180-unit, 55+ active adult apartment community in the Dallas-Fort Worth submarket of Lewisville, TX. The property has rebranded as Haven at Lewisville Lake.
Haven at L...
| Space Investment Partners Begins Redevelopment of Costa Mesa Retail/Office Property
Space Investment Partners has begun a major, multi-million-dollar redevelopment of, a 59k sf, mixed-use retail and office property located at 2651-2675 Irvine Ave in Costa Mesa. The firm acquired the property in 2019.
| Commercial Financing Briefs
SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company arranged a $30 mil refi of a 78.5k sf, Class A office building located in Manhattan Beach that serves as the new global corporate headquarters of Fisker Inc. The three...
| BentallGreenOak Buys 373k sf TX Biz Park
SouthPark Commerce Center, a four-building, 100% leased, 372.8k sf Class A industrial/flex park in Austin, TX was acquired by BentallGreenOak on behalf of an institutional investor. The property was sold by KBS.
Built in 199...
| Western Realco and RREEF Purchase 222k sf of OC Office Buildings for Land Value
A joint venture of Western Realco and RREEF purchased four office buildings totaling 222k sf on approximately 13 acres in Lake Forest. The properties were acquired on a land basis with the intent to redevelop them into new hi...
| Recently Constructed Portland Res Community Refinanced with $49 Mil Loan
Holland Partner Group refinanced Kado NW, a recently constructed, 196-unit multifamily community in Portland, with a new loan of $49.4 mil.
Located at 1378 NW 18th Ave in Portland’s central business district, the project was...
| Invesco Real Estate and Westport Properties Buy 472-Unit CO Self-Storage Asset
Invesco Real Estate and Westport Properties have acquired a new, state-of-the-art self storage facility in the Denver suburb of Castle Rock, CO. The property will be rebranded under Westport’s US Storage Centers brand.
| Protea Properties Closes on $47 Mil of San Diego Commercial Real Estate
Protea Properties LLC purchased five San Diego-area commercial properties totaling 231.9k sf in a $47 mil transaction. Four of the properties are located in Chula Vista and one office building in Mission Valley.
| Arizona Apartment Property Trades in $26 Mil Deal
Everest Holdings paid $25.95 mil for Country Villa, a 130-unit ($199.6k/unit) multifamily community in Phoenix. Built in 1986, Country Villa is located at 950 N. Gilbert Rd.
County Villa includes one- and two-bedroom units i...
| AZ Industrial / Office Complex Purchased by Westmount Realty Capital
Dallas-based Westmount Realty Capital LLC bought Mountain Vista Commerce Center, a 134.7k sf flex industrial and office complex, for $17.4 mil ($129/sf). The property, sold by Northstar Commercial Partners, is situated in the...
| Trio of CO Shopping Centers Trade for $10 Mil
Neighborhood Equities LLC purchased a portfolio of three multi-tenant shopping center properties located in Northern Colorado for $10.12 mil. Combined, the assets total just over 60k sf and include Oakridge Shopping Center in...
| Fivetran Inc Leases 80k sf in Downtown Oakland
Fivetran Inc, a fast-growing automated data integration company, inked a lease for 80k sf of space in Downtown Oakland. The deal is at 1221 Broadway, a 24-story, 535k sf office building at the intersection of Broadway and 12t...
| Sheraton Park Hotel in Anaheim is Undergoing a Renovation
Taconic Capital Advisors LP has begun work on a remodel of the Sheraton Park Hotel at the Anaheim Resort, a 498-room hotel within walking distance to Disneyland Resort that the firm just recently acquired. The renovation work...
| AZ Res Community Gets New Owner in $31 Mil Deal
Mountain View Casitas, a 146-unit apartment community located at 1130 E Grovers Avenue in Phoenix, was acquired by by Los Angeles-based Marble Partners Management LLC for $31.2 mil ($213.7k/unit). The seller was San Diego-bas...
| Work Gets Underway on Wine Country Res Development
OSM Investment has started work on Napa Creek Village, a 48-unit multifamily housing community in the heart of wine country. Located along Napa Creek on 2.5 acres, the community will include sustainable design features and br...
| Meati Foods Leases 76k sf of CO Industrial Space
Meati Foods has inked a lease for 76.5k sf feet of Class A industrial space at 25 North in Thornton, CO. Meati, a fast-growing alternative meat company locally headquartered in Boulder, will occupy two-thirds of a brand new 1...