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Arbor Funds $39.4M Fannie Mae Acquisition Loan in California
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.
Emri Group, Alex Brown Realty Sell Sorrento Mesa Building for $10.7M to Locale Advisors
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.
BRIDGE Housing Earns A+ Credit Rating from S&P
Nonprofit BRIDGE Housing has received an “A+” issuer credit rating from Standard & Poor’s Ratings Services, a leading provider of independent credit risk research and benchmarks. BRIDGE is a top developer, owner and manager of affordable housing on the U.S. West Coast
SR COMMERCIAL COMPLETES THREE INDUSTRIAL TRANSACTIONS IN SOUTHERN CALIFORNIA
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
GEORGE SMITH PARTNERS SECURES $81 MILLION IN FINANCING FOR THE ACQUISITION OF A RECENTLY...
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
Kennedy Wilson Announces Mandatory Conversion Of $100 Million Series A Preferred Stock Held By...
al estate investment and services firm Kennedy Wilson (NYSE: KW) today announced the mandatory conversion of all outstanding shares of its series A preferred stock that were issued in May and June of 2010
METROGROUP REALTY FINANCE SECURES $35.7 MILLION IN FINANCING FOR ITS CLIENT TO ACQUIRE...
MetroGroup Realty Finance, a private, Orange County-based mortgage banking firm, has successfully arranged $35.7 million in financing on behalf of its client for the acquisition of the 200,000 square-foot Broadcom Building in San Jose, California.
New Workforce Housing at Studio 819, a Mixed-use Studio Apartment Community, Celebrates Grand Opening...
On Tuesday, May 19, 2015, the City of Mountain View celebrated the grand opening of Studio 819, a new affordable community by ROEM Corporation and Eden Housing in partnership with the City of Mountain View. The grand opening celebration was held at 819 North Rengstorff Avenue, Mountain View, CA 94043
NAI Capital Represents Buyer and Seller in 81,975 SF Office Sale in Riverside
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.
NAI Capital Arranges $4.6 million sale at Valencia Industrial Center
NAI Capital arranged the sale of a large 44,548 square foot warehouse in Valencia, Calif., on behalf of the seller Mr. Harry E. Acker. Mr. Acker, purchased the warehouse in 1988 as the corporate headquarters for his electronics parts distributorship business, Andrews Electronics, which he subsequently sold to Best Buy
Mercy Housing Property Wins Prestigious Architecture Award
Mercy Housing and the Providence Foundation are pleased to announce that one of their properties, Bayview Hill Gardens in San Francisco, Calif., has been named the recipient of the American Institute of Architect’s (AIA) prestigious Housing Award.
Bayview Hill Gardens is the only building dedicated to formerly homeless families in its neighborhood, which has the second highest homelessness rate in San Francisco.
Bayview Hill Gardens is the only building dedicated to formerly homeless families in its neighborhood, which has the second highest homelessness rate in San Francisco.
Drawbridge Acquires 3 Buildings Leased to Northrop Grumman
Drawbridge Realty has acquired the 3-building Spectrum Corporate Center Campus in San Diego, CA for $61 million. The campus totals 182,870 sq ft on 9.88 acres and is comprised of two, 2-story office buildings (44,550 sq ft and 66,050 sq ft) joined by a dramatic atrium lobby and a 3-story office building (66,495 sq ft).
Lee & Associates – North San Diego County Negotiates $1.35 Million Industrial Sale
Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,350,000 sales transaction for an approximate 9,971 square-foot industrial building located at 344 North Vinewood Street in Escondido, California
Graymark Buys Carlsbad Lionshead Building for $12.2 Million
DTZ, a global leader in commercial real estate services, announced today the $12.2 million sale of 3209 Lionshead Avenue, a 74,000 square foot, single-tenant corporate headquarters building strategically located in Carlsbad, CA
Mercy Housing California Hosts Official Opening Celebration at 1180 Fourth Street, a new 150-unit...
Nearly one hundred guests, including city and county elected officials and other project funders, celebrated the official opening of Mercy Housing California’s newest Bay Area property, 1180 Fourth Street in San Francisco’s Mission Bay neighborhood.
Edwin M. Lee, Mayor of San Francisco, Jane Kim, Supervisor for San Francisco’s District 6 and others praised it as a much-needed boost to the City’s low-income housing stock, and called for creation of more.
Edwin M. Lee, Mayor of San Francisco, Jane Kim, Supervisor for San Francisco’s District 6 and others praised it as a much-needed boost to the City’s low-income housing stock, and called for creation of more.
NAI Capital Announces Sale of 18-unit Live-Work Condominium Loft Complex in Ventura County
NAI Capital announced the $2.9 million sale of Oxnard Art Lofts, a live / work complex located in Oxnard, Calif. Zoned for industrial manufacturing and professional office space uses, Oxnard Art Lofts was designed to have the professional and industrial work space on the lower level and private living space on the upper loft area.
IEC: Un-Loved Deals Do Exist In Great Locations
In a market where value-add commercial real estate is increasingly difficult for investors to find, Interstate Equities Corporation (IEC) has proven that “un-loved” deals are still out there. The firm has just acquired an off-market, 34-unit multifamily property in a walkable distance from downtown Burbank, California - an investment feat in today’s market, according to Marshall Boyd, President of IEC.
SR COMMERCIAL ACQUIRES 11.8-ACRE LAND PARCEL IN CARLSBAD FOR SPEC DEVELOPMENT OF MULTI-TENANT INDUSTRIAL...
SR Commercial, a privately held, full-service commercial real estate investment company, has acquired an 11.8-acre land parcel in Carlsbad, California, on which the firm plans to develop a 151,500 square-foot multi-tenant industrial distribution project, according to CJ Stos, a Principal at SR Commercial
Lee Oakland represents Wang Brothers Investments in a Sale Transaction in Richmond, CA
The Parkway Business Center in Richmond California has sold. This property is comprised of three flex/office/industrial buildings totaling 87,785 square feet on 9.8 acres with 3 acres of developable land. The buyer, Wang Brothers Investments, was able to acquire the property at an attractive basis with stable income and will consider options for developing the land in the future. The price is undisclosed
GEORGE SMITH PARTNERS SECURES $22 MILLION IN FINANCING FOR THE ACQUISITION OF A...
Commercial real estate investment banking firm George Smith Partners has successfully arranged $22 million in financing for its client, Optimus Properties, LLC and Infinity Redevelopment, LLC, for the acquisition of Juanita Tate Marketplace, a 77,000 square-foot, newly constructed retail shopping center in the South Central neighborhood of Los Angeles, California, according to George Smith Partners’ Senior Vice President Shahin Yazdi.
