| Sacramento Area Hotel Financed with $8.7 Mil Loan
Gold Center Hotel has secured $8.7 mil in non-recourse financing for Fairfield Inn & Suites, a 104-room, limited-service hotel in Rancho Cordova, CA. The fixed-rate, permanent financing was provided by an international reinsu...
| S&P Company and Basin Street Properties Team Up in Sacramento Area Office Buy
S&P Company and Basin Street Properties have purchased Prospect Green, a Class A, 518.2k sf office campus in Rancho Cordova, a city within the Sacramento metro area. The five-building campus was acquired with a $44.5 mil seni...
| Watermarke Properties Secures $145 Mil in Financing on Four CA Multifamily Assets
Watermarke Properties Inc has obtained $145.68 mil in combined financing for four multi-housing properties totaling 930 units in various California locations.
The portfolio includes: Adagio on the Green, located at 26600 Oso...
| Barker Pacific Group and WHI Real Estate Partners L.P. Buy 214k sf Office Asset in Roseville
Barker Pacific Group (BPG) and WHI Real Estate Partners L.P. (WHIREP) have acquired Douglas Corporate Center, a 214k sf, Class A office property in Roseville. The purchase, said to be worth somewhere in the mid-$30 mil range ...
| Sacramento Retail Center Trades in $32 Mil Deal
Laguna Village, a 98% occupied, 120.9k sf community retail center in the North Laguna area of Sacramento, was purchased by a local investment entity in a $32.5 mil ($269/sf) transaction. The property is anchored by a 12-scree...
| NewMark Merrill Companies Picks Up 259k sf Retail Property in the Sacramento Area
NewMark Merrill Companies has acquired Madison Marketplace, a 259k sf shopping center located at the South-West Corner of Madison Ave and Hazel Ave in the CA city of Fair Oaks, about 15 miles northeast of Sacramento. The pric...
| State Compensation Insurance Fund Buys 117k sf Office Building in Sacramento
State Compensation Insurance Fund has purchased Crown Corporate Center IV, a four-story, 117.4k sf Class A office building in Sacramento. It was sold by was sold by Rar2 Gateway Oaks CA Inc. The price was not disclosed.
| Oakmont Properties Boosts Portfolio with 270-Unit Sacramento Multifamily Property
San Rafael-based Oakmont Properties has purchased The Landing at College Square, a 270-unit, Class A apartment community in Sacramento. The asset was sold by USA Properties Fund for $59 mil ($219k/unit).
Located at 7640 Wes...
| Sacramento Multifamily Asset Traded in $34 Mil Transaction
Waterford Cove, a 188-unit, garden-style apartment community in Sacramento, was purchased by Bridge Partners in a recent $33.8 mil ($180k/unit) transaction. The buyer assumed an existing low-leverage loan and added a supplem...
| NoCal Multifamily Asset Sells for Over $42 Mil
Security Properties Inc /New York Life Real Estate Investors has purchased The Henley Apartment Homes, a 240-unit, garden style apartment community located in the NoCal community of Suisun City, roughly midway between San Fra...
| Sacramento Res Property Lands New Ownership after $35 Mil Sale
Sequoia Equities LLC closed on a newsworthy NoCal multifamily buy, paying $35 mil for Wolf Ranch, a 17-building, 160-unit ($219k/unit), Class A apartment community in Sacramento. The asset, located at 7200 Jacinto Ave, was so...
| NoCal Industrial Facility Purchased for $35 Mil by LDK Ventures
The North Bay Logistics Center, an 844k sf industrial building in Vacaville, was acquired by LDK Ventures in a recent transaction worth $35 mil ($41/sf). The building is located at 700 Crocker, just west of I-505 at Midway Rd...
| Sycamore Properties Closes $57 Mil Sacramento Res Buy
Security Properties purchased Sycamore Terrace, a 244-unit property in Sacramento, for $57.4 mil ($235k/unit). Built in 2006, Sycamore Terrace is located at 40 Park City Ct, south of Florin Rd and just west of I-5.
| Sacramento Apartment Community Sells for $450k per Unit
Walnut Creek-based Sequoia Equities paid $53 mil for EVIVA Midtown, a six-story, 118-unit trophy apartment community located in Sacramento’s urban core. At nearly $450k per unit, the property commanded the highest price per u...
| Sacramento Area Retail Center Trades for $39.7 Mil
Nazareth Enterprises Inc has purchased the Walmart Central Shopping Center in Folsom, a 139.4k sf retail center situated on 12.1 acres, for $39.7 mil ($285/sf).
Located at 1002-1016 Riley St, the shopping center is anchore...
| Pathfinder Partners Pays $115k/Unit for Sacramento Apartment Complex
Savannah Court, a 195-unit Class B apartment community in Sacramento, was purchased by Pathfinder Partners for $22.425 mil ($115k/unit). Built in 1986, the property is located at 4301-4399 Norwood Ave.
Savannah Court consist...
| Westcore Properties Spends $9 Mil on Stockton Industrial Asset
Westcore Properties has acquired a 158.4k sf, industrial building in Stockton for $9.1 mil ($57/sf). The property, located at 3834 Duck Creek Dr, marks the firm’s fourth Stockton-area industrial property purchase over the las...
| Leasing Interest Strong for New Sacramento Urban Office/Tech Campus
The Cannery is a newly developed urban office and technology campus in Midtown Sacramento’s arts and cultural epicenter. Housed in an historic former canning plant, the 275.4k sf campus is located at 1651 Alhambra Blvd.
| Sacramento-Area Res Property Refinanced with $47 Mil Fannie Mae Loan
Wasatch Group has obtained a $47.2 mil Fannie Mae fixed-rate loan to refinance Chesapeake Commons, a 600-unit apartment community in Rancho Cordova, a city in the Sacramento Metropolitan Area. The financing, provided through ...
| Sacramento Ranked 10th on CBRE List of Tech Talent Momentum Markets
Sacramento ranked #10 on CBRE’s list of tech talent momentum markets, a measurement of the change in tech job growth, as part of its fifth annual Scoring Tech Talent Report.
The report finds that tech job growth gained mome...