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King Street Properties Underway with 60k sf Spec Life Sciences Project in Sorrento Mesa 3/26/24 King Street Properties has unveiled plans for a new 60k sf, spec lab and life sciences redevelopment, Mesa Labworks, in San Diego’s Sorrento Mesa submarket. King Street is converting the existing single-story building located...
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Commercial Real Estate Financing Briefs 3/25/24 CBRE -- CBRE's Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek arranged a $43 mil refi loan on El Paseo Shopping Center, a 300k sf retail center in South Gate. The five-year, full-term...
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Construction Started on Res Development in the City of Walnut 3/25/24 Sunjoint Development has started construction on the Terraces at Walnut, a 49-acre mixed use development located on Valley Blvd in Walnut, CA. Construction of the first product type, a single family two-story unit, began in...
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Cohen Asset Management Spends Almost $22 Mil on New AZ industrial Facility 3/22/24 Cohen Asset Management has acquired Elwood Rising, a brand new, Class A spec industrial development totaling 120k sf in Goodyear, AZ. The asset was sold by Atlas Capital Partners for $21.8 mil ($182/sf).
Located in the grow...
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Waterford Property Company, The Vistria Group and Northern Liberties Acquire 395-Unit Multifamily Community in Dallas 3/21/24 Waterford Property Company, The Vistria Group and Northern Liberties, in partnership with the Dallas Housing Finance Corporation (DHFC), have acquired Domain at Midtown Park, a 395-unit class A multifamily community located ...
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Proposed Hollywood Creative Office Project Really Puts the Creative in Office 3/21/24 Los Angeles-based real estate development firm The Star LLC has submitted revised design plans for a proposed $1 bil “vertical creative office" campus on a two-acre lot at 6061 W. Sunset Blvd. The project is hoped to capture ...
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CapRock Partners Picks Up 319k sf Industrial Property in Arizona 3/20/24 CapRock Partners acquired Chandler Airport Business Park, a newly finished 318.7k sf, Class A industrial asset in Chandler, AZ. The property consists of four state-of-the-art freestanding warehouse buildings ranging in size f...
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Cityview Finishes Work on 378-Unit Res Project in Oakland’s Master-Planned Brooklyn Basin Area 3/20/24 Cityview has completed work on Portico – a 378-unit multifamily project in Oakland. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
Po...
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CBRE Investment Management and Hillwood Investment Properties Land $756 Mil in Financing for Fontana Industrial Development 3/19/24 A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, has secured an approximately $756 mil financing package for the construction of Phase I of Speedway Commerce Center. Th...
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Washington Logistics Development Obtains $150 Mil in Mezzanine Financing 3/19/24 Bridge Industrial has secured a $150 mil mezzanine loan to finance Bridge Point Tacoma, a 2.48 msf, Class A logistics development the firm is building in Tacoma, WA. The mezzanine loan, along with a $263 mil first mortgage co...
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Westfield and Reinsurance Group of America Buys 431k sf Denver Industrial Property 3/18/24 Centerpark, a 431.2k sf, Class A industrial project in Denver, was acquired by a joint venture of Westfield, a Denver based real estate investment and development firm, and Reinsurance Group of America (RGA), a leading global...
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Bradford Allen Hospitality Investments Buys AZ Hotel Asset in $23.7 Mil Deal 3/15/24 Chicago based Bradford Allen Hospitality Investments purchased the 100-room Aloft Glendale at Westgate hotel in Glendale, AZ in a $23.75 mil ($237.5k/room) transaction. The four-story hospitality asset is located at 6920 N 93...
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Malibu Mixed-Use Project is Refinanced with $135 Mil Take-Out Loan 3/13/24 Pacific Equity Properties recently obtained $135 mil in construction take-out financing on Cross Creek Ranch, a 122.3k sf, trophy, Class AA mixed-use property in Malibu. The property consists of 71.6k sf of retail and 50.7k s...
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Oberndorf Real Estate Management Affiliate and The Bascom Group Acquire 360-Unit CO Multifamily Community 3/13/24 An affiliate of Oberndorf Real Estate Management LP and The Bascom Group LLC have acquired Hearthstone at City Center, a 360-unit multifamily community in Aurora, CO, for $74 mil ($205.5k/unit). The asset is located at 932 So...
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Oregon Multifamily Community Refinanced with New $80 Mil Freddie Mac Loan 3/12/24 Horizon Realty Advisors has obtained an $80.5 mil refinancing of Chase Village, a 536-unit, garden-style multi-housing community located in Eugene, OR.
Built in 1990, Chase Village features one-, two- and three-bedroom units...
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Commercial Real Estate Financing Briefs 3/11/24 MARCUS & MILLICHAP CAPITAL CORPORATION - Zack Metzner, Daizy Gomez, and Linsey Farrahi with Marcus & Millichap Capital Corporation arranged $96 mil for the refinancing of three multi-tenant retail centers located in North Hol...
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IDEAL Capital Group Buys Phoenix Area Multifamily Community for $108 Mil 3/11/24 IDEAL Capital Group purchased Sentio, a 325-unit, LEED® Silver, Class A multifamily community in North Phoenix, in a $108 mil ($332.3k/unit) transaction. The property, located at 3600 W Happy Valley Rd in Glendale, was sold b...
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Huntington Beach Development Site Trades in $10.25 Mil Transaction 3/08/24 A one-acre redevelopment site in Huntington Beach sold for $10.25 mil. The site, located at 1810 Pacific Coast Highway, was acquired by WJK Development. The buyer plans to utilize the site to develop boutique luxury homes.
...
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PCCP LLC and Alliance Residential Purchase Santa Clara Res Community in $125 Mil Deal 3/07/24 A joint venture of PCCP LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community in Santa Clara for $125 mil ($498k/unit). Prado was built by SummerHill Homes and delivered in April 2021.
The...
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Kennedy Wilson’s Real Estate Debt Platform Reaches $7 Bil in Originations 3/06/24 Kennedy Wilson’s real estate debt investment platform more than doubled in size in the past year and has reached $7 bil in originations with a strong pipeline of new opportunities.
The milestone comes on the heels of Kenned...
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