BH Properties, LLC, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed commercial real estate properties, closed more than $120 million in acquisitions during the second quarter of 2015. These transactions added 2.97 million square feet of industrial, office, retail, multifamily and RV Parks to the firm’s portfolio. The properties were located in nine states, including Arizona, California, Colorado, Georgia, Iowa, Maine, Tennessee, Texas and Utah.
Vice President Scott L. Linklater with NAI Capital represented the buyer TD Land LLC on the purchase of a 31,633 square foot light industrial manufacturing facility in the city of Simi Valley, Calif. The seller was 3990 Royal Corporation, Inc. The total sale price was $3.9M or $124 per square foot.
Senior Vice President Lynn Coker with NAI Capital secured a 10-year lease to ACME Moving and Storage. The company based out of Palm Desert, CA will open its largest location in California at 77550 Enfield Lane, Palm Desert, Calif. Coker, represented the owners in the transaction
Senior Vice President Fariba Kavian with NAI Capital represented the seller HCLARE LLC on the sale of the 22,750 square foot Sprouts Farmers Market. The sale price was well over $12 Million. In addition, the buyer paid a prepayment penalty of approximately $600K to the pay off the existing loan on the property, which was at an above market interest rate, in order to obtain better financing.
Senior Vice President Lidia Talavera with NAI Capital arranged a 10-year lease to Chuze Fitness. The company based out of Carlsbad, CA will open its thirteenth location in California at Orchard Plaza, 9080 Foothill Blvd, in Rancho Cucamonga, Calif. Talavera, represented owner C-III Asset Management, LLC in the transaction.
Senior Vice President Marie Taylor with NAI Capital completed the sale of the Azusa Foothill Kennels property at 214 N. Aspan Ave. in the city of Azusa, Calif. Built in 1967, the 30,400 square foot site included 9,754 square feet of kennels and a 2,754 square foot single family residence with a 360 square foot garage
SR Commercial has acquired three industrial assets totaling 174,496 square feet in the San Diego market, including a multi-tenant industrial business park in Vista; an industrial flex/R&D property in Carlsbad; and two free-standing industrial buildings with yards. The firm plans a long-term hold for each asset, and has particularly unique plans for one of the recent acquisitions
Joint-Venture Partners Citivest and Angelo, Gordon & Co. Acquire Nine-Property Retail Portfolio In San...
AGC SD Retail Holdings, LLC, a joint venture of Newport Beach-based Citivest Commercial Investments, LLC and New York-based Angelo, Gordon & Company, has acquired a nine-property retail portfolio in San Diego for $183.25 million, according to Citivest President Larry Weese.
NAI Capital expands its presence in Southern California opening a new office at Sunset Business Park, 13911 Park Avenue, Victorville, Calif. CEO Tim Foutz announced he has hired Victorville market leaders Mehdi Mostaedi, Graeme Carr and Emelie Kwon to open the new office.
Senior Vice President Marie Taylor with NAI Capital negotiated a 10 year lease on behalf John Moran Auctioneers, Inc. at 145 E Walnut Avenue in the city of Monrovia, Calif. The 17,082 square foot industrial warehouse built in 1997 will serve as the new corporate headquarters of John Moran Auctioneers which has been in business since 1969.
NAI Capital is pleased to announce that Executive Vice President Tom Nguyen represented KO's HB Medical Building, Inc., in the sale of 17752-17762 Beach Boulevard in Huntington Beach, Calif. The $7.8 million sale included a 19,288 square foot surgery center, a 29,398 square foot medical office building and a 4 level parking structure on 1.8 acres of land. The buyer was Blue Sky HB, LLC.
Thursday, June 04, 2015– Senior vice presidents John Bosko and Bob Bush, both with NAI Capital represented Michigan-based Charles J. Long Trust in the disposition of Laguna Hill Medical Arts Building B, a single two story medical office building located in the Laguna Hills/Aliso Viejo submarket of Orange Country, CA. The project is just 2 blocks from the Saddleback Memorial Hospital and just outside gate 4 of Leisure World Laguna Woods. Occupancy was 86% at the time of sale.
National commercial real estate investment banking firm George Smith Partners has named three new Principals for the firm. The three new Principals, Bryan Shaffer, Jonathan Lee and Shahin Yazdi, join the firms existing Principals Steve Bram, Gary E. Mozer, David Rifkind, Gary M. Tenzer and Malcolm Davies
Mariko Beaver has joined NAI Capital’s Orange County office as senior vice president bringing with her 15 years of experience in medical office leasing and sales. With having completed over $500 million in transactions, she will continue to focus on the medical office market servicing clients throughout the Southern California region
NAI Capital completed the sale of Centre Pointe Business Park an industrial complex at 26450-26470 Ruether Avenue in Santa Clarita, Calif. The buyer was 780 West Garvey LLC. The seller was Centre Pointe Parkway Properties, Inc.
Arbor Commercial Mortgage, LLC (“Arbor”), a national, direct commercial real estate lender, announced the recent funding of a loan totaling $39,406,000 for the acquisition of the 320-unit Acacia Park Apartments in Temecula, CA. The 10-year under the Fannie Mae Delegated Underwriting & Servicing (DUS®) Loan amortizes on a 30-year schedule and includes two years interest only.
DTZ, a global leader in commercial real estate services, announced today the $10.7 million sale of 5825 Oberlin Drive, San Diego, CA 92121, a vacant, one-story, 60,000-square-foot office building.
SR Commercial, a privately held, full-service commercial real estate investment company, has announced the completion of three recent transactions, including two acquisitions and a property sale, according to Adam Robinson, a Principal at SR Commercial. The firm’s recently completed transactions include
Commercial real estate investment banking firm George Smith Partners has successfully secured an $81 million bridge loan through GE Capital on behalf of its client, GH Palmer Associates, for the acquisition of The Paseos at Montclair North, a 385-unit luxury multifamily community located in the city of Montclair, California, according to Gary M. Tenzer, Principal and Managing Director of George Smith Partners
NAI Capital was instrumental in representing both the buyer and seller of Mission Lakes in Riverside, Calif. An undisclosed investor based out of New York, which specializes in purchasing underperforming real estate loans, had only owned Mission Lakes for six months prior to selling to Stillwater Investment Group, LLC of California for $9.9 million.