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• Graceada Partners Spends $23 Mil on Sacramento Multifamily Property
9/24/20
Graceada Partners, through its Graceada Partners Fund II, acquired Westlake Apartments, a 148-unit residential community in Sacramento. From what we hear, the deal came in around $23.5 mil ($159k/unit). The property boasts a ...
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• Davies Torrance Trust Pays $14.3 Mil for Fully Leased Class A Office Building in Sacramento’s Highway 50 Corridor
9/21/20
Gold Pointe Corporate Center Building E, a 63.2k sf, Class A office building in Gold River, CA, was purchased by Davies Torrance Trust in a $14.3 mil ($226/sf) transaction. The building, located at 11919 Foundation Place, abo...
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• NoCal Multifamily Community Trades for $78.5k/Unit
9/04/20
Spring Mountain, a 184-unit residential community in Corning, CA, traded hands in a recent $14.45 mil ($78.5k/unit) transaction. Built in 1986, the property is located at 240 Edith Ave, off I-5 roughly 115 miles north of Sacr...
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• RevOZ Capital Makes Opportunity Zone Investment in Downtown Sacramento
9/03/20
RevOZ Capital has formed a joint venture with Argosy Real Estate Partners to acquire a 127k sf office building in downtown Sacramento for redevelopment. The move reflects the continued emergence of the city’s Downtown Common...
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• PCCP LLC and The Koll Company Buy 510k sf Industrial Portfolio
7/24/20
A joint venture of PCCP LLC and The Koll Company has acquired a 100% leased, 510.7k sf, eight-building industrial portfolio in West Sacramento, CA and Salt Lake City, UT for $41.3 mil ($81/sf). The seller was a private family...
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• Cook Endeavors Spends $23 Mil on Sacramento Area Office Portfolio
7/10/20
Cook Endeavors, led by Robert Cook, closed on an eight-property, 170k sf office portfolio buy in the Sacramento area. The assets, which were sold by WHAL Properties, went for $23.05 mil. Cook, who was in the process of a 1031...
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• Dignity Health Buys 28 Acres at Folsom Ranch Corporate Center
7/07/20
Dignity Health has purchased 28 acres of land at Folsom Ranch Corporate Center in the Sacramento area. This deal marks the first transaction at Folsom Ranch Corporate Center, a 240-acre, mixed-use development site.
Dignity H...
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• Jason Gallelli, Partner and President at Gallelli Real Estate, Passes Away
6/30/20
Jason Gallelli, Partner and President at Gallelli Real Estate in Roseville, CA, passed away suddenly Sunday morning.
Gary Gallelli, Jr., Partner, CEO, said “It is with a heavy heart that I announce the passing of my brother ...
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• Bridge Investment Group Buys 339-Unit Sacramento Multifamily Community
5/22/20
The Fountains at Point West, a 339-unit multifamily property in Sacramento, was acquired by Bridge Investment Group, out of Salt Lake City, in an $85.15 mil transaction. The property, viewed as a value-add opportunity, is loc...
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• Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
5/11/20
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...
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• Harbor Group International Buys 157k sf Sacramento Area Office Property
3/23/20
Virginia-based Harbor Group International (HGI) closed on a Sacramento area acquisition, purchasing a 157.5k sf Class A office and lab property in Roseville. The price was not immediately given out.
The single-story building...
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• MG Properties Spends $65 Mil on Sacramento Multifamily Property
3/13/20
Landing at College Square, a 270-unit multifamily property in Sacramento, was purchased for $64.75 mil ($240k/unit) by MG Properties, out of San Diego. The property, located at 7640 West Stockton Way, was sold by Oakmont Prop...
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• SoCal Buyer Spends $15.7 Mil on Sacramento Res Property
2/28/20
Rosemont Terrace, a 100-unit apartment complex located in the Rosemont neighborhood of Sacramento, was purchased by a SoCal-based buyer in a $15.7 mil ($157k/unit) transaction. The listing generated multiple offers.
Built on...
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• Prime US REIT Pays $165 Mil for Sacramento Office Tower
2/26/20
Prime US REIT has purchased Park Tower, a 489.2k sf, Class A office building in downtown Sacramento, for $165.5 mil, or $338/sf. Prime, which trades on the Singapore Exchange Securities Trading, was assisted in the transactio...
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• Davis Res Property Trades for $42 Mil
2/14/20
Cambridge House, a 140-unit community in Davis, CA, sold for $42 mil, or $300k per unit. The property is located at 619 Pole Line Rd, about 15 miles west of downtown Sacramento.
Built on 3.92-acre site, Cambridge House boast...
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• NoCal Buyer Pays $783/sf for Sacramento Retail Property
2/10/20
A Sacramento area retail center was acquired by a Bay Area investor in a deal with a price tag of $2.74 mil. The property, a new-construction, two-tenant, retail pad building occupied by Dunkin’ Drive-Thru and T-Mobile at a F...
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• Sacramento Area Res Community Trades in $33 Mil Deal
1/24/20
Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired Sterling Pointe, a 250-unit, suburban Sacramento apartment community, for $33 mil, or $132k/unit.
Sterling Pointe, located at 2237 and 2257 Hur...
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• Harbert Seniors Housing Fund II L.P Picks Up 134-Unit Seniors Housing Property in the Sacramento Area
1/23/20
Harbert Seniors Housing Fund II L.P recently acquired The Pines at Rocklin, a 134-unit seniors housing property in Rocklin, CA. The Pines at Rocklin is located at 500 W Ranch View Dr in Rocklin, roughly 30 miles northwest of ...
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• Grand Peaks Properties Buys Student Housing Development Now Under Construction Near UC Davis Campus
1/21/20
Grand Peaks Properties has acquired Lincoln40 -- a student housing community now under development near the campus of the University of California, Davis. The price was not disclosed.
The property was sold by HighBridge Prop...
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• Investor Exchanges into Newly Constructed Dialysis Clinic in Modesto
1/03/20
A 1031 exchange investor has paid $6.1 mil for a newly constructed, 11.3k sf ($539/sf) outpatient dialysis clinic in Modesto, CA. The deal closed at a cap rate of 5.1%.
The outpatient clinic is located at 1328 Coffee Rd, ju...
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