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• New Res Tower in L.A.’s Koreatown Opens to the Public
9/07/23
Hallasan, a new high-rise apartment tower in the heart of Koreatown, has opened to the public. The project, located at 696 S. New Hampshire Ave, was developed by Holland Partner Group.
MVE + Partners, renowned for their inno...
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• OC Office Campus Trades in $76 Mil Deal
9/07/23
A 405.1k sf, office campus in Fullerton was acquired by a local family investment entity for $76.5 mil, or $188/sf. The property, situated on 33.76 acres at 1801 Hughes Dr, is fully leased to Raytheon, an investment grade cre...
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• IDM Companies Obtains $62.6 Mil in Construction Money for Phoenix Res Project
9/06/23
IDM Companies has landed $62.625 mil in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix. The financing was arranged by JLL Capital Markets and funded through a ...
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• Whittier Apartment Community Sells for Over $30 Mil
9/06/23
Citrus Court, a 138-unit apartment community in Whittier, sold for $31.25 mil, or $226k/unit. The garden-style community, located at 8121 Broadway Ave, is encumbered by a 99-year ground lease with 41-years remaining.
Built i...
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• East Bay Industrial Portfolio Under New Ownership after $103 Mil Trade
9/05/23
CIP Real Estate has acquired the Bayside Industrial Portfolio, a 14-building, 352.3k sf portfolio located in the East Bay city of Fremont, for $103.5 mil ($294/sf). The transaction was funded with $63 mil in acquisition finan...
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• The Swig Company and SKS Partners Acquire San Francisco Office Tower
9/01/23
The Swig Company and SKS Partners have completed the purchase of 350 California, a headquarters-quality, Class A office tower in the heart of San Francisco’s financial district. The seller was Mitsubishi UFJ Financial Group (...
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• Culver City Mixed-Use Project Sells for Over $29 Mil
9/01/23
The Oliver, a mixed-use property with 30 multifamily units and 8.7k sf of ground-floor retail space in Culver City, recently traded hands for $29.25 mil, or $780k per unit. Built in 2016, the property is located at 11955 W. W...
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• Sunnyvale R&D Facility Purchased by BGO in $41 Mil Trade
8/31/23
BGO acquired a mission-critical, R&D facility totalling 75.4k sf in Sunnyvale that is fully leased by Apple. The property, located at 825 Stewart Dr, was sold by GI Partners.
The trade was valued at about $41 mil, according...
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• Transwestern Development Company Breaks Ground on 99k sf Industrial Facility in North L.A. County
8/30/23
Transwestern Development Company (TDC®) has broken ground on a new 98.9k sf industrial facility, Legacy at Palmdale, located in the Fairway Business Park on Legacy Lane in the northern L.A. County city of Palmdale.
Legacy a...
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• Westcore Acquires 3.5 msf California Industrial Portfolio
8/29/23
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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• Inglewood Wingate by Wyndham Hotel Sells for $23.7 Mil
8/29/23
A 148-room Wingate by Wyndham Hotel in Inglewood traded hands in a $23.67 mil transaction. The property, located at 10300 La Cienega Blvd, near Los Angeles International Airport (LAX), fetched $159.9k per key. The buyer was I...
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• JRK Property Holdings Pays $93 Mil for 300-Unit Multifamily Community in San Jose
8/28/23
JRK Property Holdings has acquired Duo Apartments, a 301-unit Class A multifamily community in San Jose, for $93.5 mil ($310k/unit). The purchase was financed with a loan for $62 mil.
Duo marks the third acquisition out of ...
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• CapRock Partners Breaks Ground on 1.27 msf Spec Industrial Building in Visalia
8/25/23
CapRock Partners has broken ground on Building 1 at CapRock Central Point III, a new LEED-certified, 2.7 msf, four-building speculative industrial complex in Visalia. Building 1 will bring 1.27 msf of Class A logistics and di...
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• Escondido Retail Center Trades for $28.5 Mil
8/25/23
A 179.5k sf, Lowe’s-anchored shopping center in Escondido sold for $28.5 mil ($159/sf). The sale includes a separately parceled Panda Express with a drive-thru and fee simple ownership of a three-tenant retail building anchor...
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• Abacus Capital Group Makes $95 Mil Res Buy in Oregon
8/24/23
An affiliate of Abacus Capital Group purchased Lumina Apartments, a 440-unit multifamily community in Gresham, OR, for $96.7 mil ($220k/unit).
Located at 2700 W. Powell Blvd, Lumina was built in 1994 with unit renovations co...
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• Commercial Real Estate Financing Briefs
8/24/23
JLL CAPITAL MARKETS -- Olga Walsh and Jack Wood with JLL Capital Markets arranged a $28 mil construction take-out loan for Casa Verde, a 94-unit, modern, urban infill apartment community located in the North Park neighborhood...
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• DPI Retail Spends Over $29 Mil on Vacaville Property
8/23/23
DPI Retail purchased Power Plaza, a 112.3k sf, grocery-anchored, neighborhood retail center located in Vacaville, for $29.175 mil ($260/sf). The property was sold by ProEquity Asset Management.
Built in 1993 and 1994, the ...
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• Commercial Real Estate Financing Briefs
8/21/23
JLL CAPITAL MARKETS -- Chris Collins and Brad Vansant with JLL Capital Market arranged $16.7 mil in construction take-out financing for The Hobart, a 39-unit, Class A mid-rise multi-housing community located at 3050 W. 11th ...
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• San Diego Association of Governments Signs Lease for 87k sf at New Tower Development in Downtown San Diego
8/21/23
San Diego Association of Governments (SANDAG) has inked a lease for 87k sf of office space at West, a $450 mil, 37-story mixed-use project currently under development in downtown San Diego. The project is a development of Hol...
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• Work Wrapped Up on 296-Unit Res Project Near Downtown LA and USC
8/18/23
Cityview has completed work on Jasper, a 296-unit opportunity zone mixed-use project located less than two miles from downtown Los Angeles and adjacent to the University of Southern California. The highly amenitized, mixed-us...
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