| Graceada Partners Spends $23 Mil on Sacramento Multifamily Property
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 ...
| Davies Torrance Trust Pays $14.3 Mil for Fully Leased Class A Office Building in Sacramento’s Highway 50 Corridor
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...
| NoCal Multifamily Community Trades for $78.5k/Unit
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...
| RevOZ Capital Makes Opportunity Zone Investment in Downtown Sacramento
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...
| PCCP LLC and The Koll Company Buy 510k sf Industrial Portfolio
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...
| Cook Endeavors Spends $23 Mil on Sacramento Area Office Portfolio
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...
| Dignity Health Buys 28 Acres at Folsom Ranch Corporate Center
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.
| Jason Gallelli, Partner and President at Gallelli Real Estate, Passes Away
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 ...
| Bridge Investment Group Buys 339-Unit Sacramento Multifamily Community
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...
| Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
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...
| Harbor Group International Buys 157k sf Sacramento Area Office Property
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...
| MG Properties Spends $65 Mil on Sacramento Multifamily Property
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...
| SoCal Buyer Spends $15.7 Mil on Sacramento Res Property
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.
| Prime US REIT Pays $165 Mil for Sacramento Office Tower
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...
| Davis Res Property Trades for $42 Mil
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...
| NoCal Buyer Pays $783/sf for Sacramento Retail Property
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...
| Sacramento Area Res Community Trades in $33 Mil Deal
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...
| Harbert Seniors Housing Fund II L.P Picks Up 134-Unit Seniors Housing Property in the Sacramento Area
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 ...
| Grand Peaks Properties Buys Student Housing Development Now Under Construction Near UC Davis Campus
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...
| Investor Exchanges into Newly Constructed Dialysis Clinic in Modesto
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...