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$13.8 Mil Industrial Portfolio Deal Includes Two Sacramento Properties 3/28/13 A private equity fund has acquired a portfolio of five industrial properties totaling 575k sf in the U.S., including two in Sacramento, in a sale-leaseback transaction with a value of $13.8 mil. The properties, also located i...
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CorVel Corp Leases 24k sf at Iron Point Business Park in Folsom 3/04/13 CorVel Corporation has leased 23.8k sf of office space at Iron Point Business Park, a 210.9k sf complex in the NoCal city of Folsom, about 24 miles northeast of downtown Sacramento. Terms of the lease were not disclosed.
C...
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Davis Apartment Properties Sell for Almost $29 Mil 2/07/13 Two multi-housing properties in the NoCal city of Davis traded hands during December of 2012 in separate deals totaling $28.7 mil. Meadow Ridge Apartments, an 84-unit garden-style community, was purchased for $11.15 mil and ...
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Excel Trust Spends $32 Mil on Large Part of NoCal Shopping Center 2/01/13 In a recent NoCal retail transaction, San Diego-based Excel Trust acquired multiple phases of Tracy Pavilion Shopping Center in the City of Tracy for an aggregate price of $32 mil. The sale involved multiple selling entities....
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MG Properties Closes Out 2012 with Two CA Multifamily Buys Totaling Over $44 Mil 1/25/13 MG Properties Group recently completed two California multifamily buys in separate transactions worth a combined $44.5 mil. The acquisitions were for Terramonte Apartments, a 138-unit multi-family property in Pomona that sold...
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Newmark Realty Capital Arranges $16 Mil on El Dorado Hills Retail Property 1/17/13 Robert Slatt of Newmark Realty Capital has arranged $16 mil in permanent refinancing for Marketplace at Town Center in El Dorado Hills. The property is located within a 318.5k sf lifestyle center located in the residential s...
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CBRE Arranges $21.6 Mil on Senior Assisted Living Facility in Davis Still to Be Built 1/17/13 CBRE Group Inc (CBRE), through its direct HUD FHA lender, CBRE HMF Inc (CBRE HMF), has arranged $21.65 mil in non-recourse construction and permanent financing for Carlton Plaza of Davis, a to-be-built 144-bed, 120-unit senio...
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Panattoni Inks $46 Mil in CA Deals for Second Half of 2012 1/16/13 Panattoni Development Company completed 10 major transactions throughout California during the second half of 2012. In all, the deals have a total consideration in excess of $46 mil.
According to Panattoni Partner Stephen Ba...
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Investor Nabs 182-Unit Multifamily Community in Sacramento Area 12/20/12 Westwood Apartments, a 182-unit multifamily apartment community located in Carmichael, about 12 miles northeast of downtown Sacramento, recently sold for $10.825 mil ($59.5k/unit). The community, which is comprised of 29 buil...
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Ellis Partners Acquires Nine-Property Portfolio in Roseville 12/18/12 San Francisco-based Ellis Partners LLC has acquired a nine-property office portfolio in Roseville, a central CA town about 18 miles northeast of Sacramento. Each is located along Douglas Blvd – recognized as the most desirabl...
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Roseville Apartment Community Goes for $166k/Unit 12/11/12 Oregon Pacific Investment & Development Company (OPID) recently acquired the Pinnacle at Galleria Apartments, a 236-unit multifamily community in Roseville, for $166k/unit, which multiplies out to a price of around $39 mil. B...
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Sacramento Walgreens Property Sells for Over $9 Mil 11/30/12 A 17.3k sf freestanding Walgreens building in Sacramento sold for $9.238 mil, or about $534/sf. The property was sold to an all-cash, California-based high-net worth investor at a market low cap rate of 5.25 percent.
The pr...
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Latest Tenant at Folsom Biz Park is a Real PRO 11/28/12 PRO Unlimited signed off on a lease for 14.8k sf of office space at Iron Point Business Park, a 211.1k sf business campus in Folsom, 24 miles northeast of Sacramento. PRO Unlimited, a global servicer of procurement, managemen...
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OC Investor Picks Up 271-Room Sacramento Hotel 10/09/12 Orange County-based BA Hotel LLC has acquired the Hawthorn Suites by Wyndham in Sacramento for $5.625 mil. The lender-owned asset was sold by an affiliate of Miami-based special servicer LNR Partners Inc.
The 271-room all-su...
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KBS Strategic Opportunity REIT Originates $36 Mil Loan on NoCal Apt Asset 9/21/12 OC-based KBS Strategic Opportunity REIT has originated a $35.75 mil first mortgage loan secured by Ponte Palmero, a 239-unit continuing care retirement community in Cameron Park, CA, about 33 miles east of Sacramento. The bor...
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Bayside Communities Purchases 220-Unit Sacramento Apartment Community 9/19/12 Bayside Communities has acquired Azure Park Apartments, a 220-unit affordable apartment community in Sacramento. The property, which is currently 85% leased, will be significantly renovated and renamed Lotus Landing.
The p...
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Donahue Schriber Underway With 900k sf of Retail Space Just Outside of Sacramento 9/05/12 Donahue Schriber has begun construction on Rocklin Crossings, a 543.5k sf power center located at the southeast quadrant of Sierra College Blvd and I-80 in Rocklin, roughly 20 miles northeast of Sacramento.
Rocklin Crossings...
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Trion Properties Completes Two NoCal Apt Buys and One Disposition 8/22/12 LA-based Trion Properties recently completed two NoCal multifamily acquisitions, in Fresno and Sacramento, while selling another asset, located in Auburn. The company acquired 124 units in Fresno and in a separate transaction...
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JMA Ventures’ Purchase of Downtown Plaza Expected to Spur Redevelopment in Downtown Sacramento 8/16/12 In a recent transaction that is expected to spur redevelopment activity in Sacramento’s downtown area, JMA Ventures LLC (JMA) has acquired a substantial interest in Downtown Plaza, a mixed-use property that encompasses six c...
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Uncertainty about Sacramento Economy Bodes Well for Region’s Rental Market 8/13/12 The lack of confidence surrounding the Sacramento economy will bode well for apartment owners through 2012, according to Marcus & Millichap’s 3rd Quarter 2012 Apartment Research Report for the region. Though job growth has re...
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