State: California - CA

Commercial Property Executive CBRE Global Investors has bought 123 Townsend St., a 137,625-square-foot office building in San Francisco, for $140 million, or $1,017.26/sf. The Los Angeles investment company purchased the six-story building from Manchester Capital Management, which had acquired it in ...

An affiliate of Silver Star Real Estate has paid $49.7 million, or $338,095/unit, for the 147-unit Amber Ridge Apartments in La Verne, Calif., some 30 miles east of Los Angeles. To help fund its purchase, Silver Star lined up an ...

Multi-Housing News The 62-unit Coral Reef Apartments in San Gabriel, Calif., has been sold to a private investor for $14.7 million, or $237,096/unit. CBRE brokered the deal on behalf of the buyer and the undisclosed seller. The property, which sits ...

Madison Realty Capital has provided $150 million of financing to facilitate WS Communities' renovation efforts at six apartment properties and the development of two more in Southern California. The loan was arranged by Avison Young and RST Capital Partners of ...

Rentv.com Omninet Capital has bought the 72-unit Maya Apartments in Los Angeles for $32.4 million, or $450,000/unit. The Beverly Hills, Calif., real estate investment company purchased the seven-story building, at 535 South Kingsley Drive, from Jamison Properties, which had developed ...

Commercial Real Estate Direct Staff Report PGIM Real Estate Finance has provided $195 million of financing against the Hilton La Jolla Torrey Pines hotel in La Jolla, Calif., and the Capital Hilton in Washington, D.C. The interest-only mortgage pays a ...

Rentv.com Advanced Real Estate Services Inc. has bought the 120-unit Sierra Pines Apartments in Riverside, Calif., for $25.85 million, or $215,416/unit. The seller was not identified. Berkadia brokered the deal. The buyer, an Irvine, Calif., real estate investment company, plans ...

Rentv.com CBRE Global Investors has bought 237@First, a 369,000-square-foot office campus in San Jose, Calif., for $174 million, or $471.54/sf. The Los Angeles real estate investment company purchased the two-building property, at 4353 and 4453 North First St., from a venture ...

REBusiness Online Chicago-based 4S Bay Partners has bought a redevelopment site at 3731-3761 East Stocker St. in Los Angeles for $35 million. It purchased the 3.3-acre site from a venture of Sharp Capital and One Cole Group. The site consists ...

Commercial Real Estate Direct Staff Report Apple Inc. has signed a lease to fully occupy the 196,734-square-foot Summit Rancho Bernardo office building in San Diego. The technology company is moving into the building next month. The lease was highlighted this ...

A $100 million stalking horse bid has been accepted by officials overseeing the sale of the 116-room L'Ermitage Beverly Hills Hotel that had been seized by the U.S. federal government. An auction will be held Aug. 19, with the minimum bid ...

Rentv.com BLT Enterprises has bought the 146,100-square-foot Create pharmaceutical manufacturing facility in Carlsbad, Calif., for $40.45 million, or $276.87/sf. The Los Angeles real estate investment company bought the industrial building, at 2827 Whiptail Loop West, from RAF Pacifica Group, its ...

Jewell Capital LLC has paid $22.5 million, or $350.09/sf, for the 64,270-square-foot Del Norte Marketplace shopping center in El Cerrito, Calif. The Miami investment company bought the retail property, at 11511-11565 San Pablo Ave., from RBL Real Estate of San ...

Rentv.com Omninet Capital has bought a pair of office properties with a combined 256,600 square feet in Westlake Village, Calif., for $55 million, or about $214.34/sf. The Beverly Hills, Calif., investment company purchased the properties, about 40 miles east of ...

Commercial Property Executive Rexford Industrial Realty has bought a portfolio of five industrial properties totaling 433,589 square feet in the Los Angeles area for $73.2 million, or about $168.82/sf. The sellers were not disclosed. The Los Angeles REIT purchased three ...

Rentv.com Barrett Block Partners has bought 160 West Santa Clara St., a 229,000-square-foot office building in downtown San Jose, Calif., for $132 million, or $576.42/sf. The San Mateo, Calif., investment company purchased the 15-story building from Beacon Capital Partners, which ...

RBC Capital Markets has provided a $165 million loan against the 303,509-square-foot life-sciences building at 5300 Chiron Way in Emeryville, Calif. NKF arranged the loan on behalf of BioMed Realty Trust, which had acquired the property in March 2019 for $135 ...

REBusiness Online A fund managed by Kennedy Wilson has bought a six-building portfolio with a combined 257,000 square feet in San Jose, Calif., for $53.5 million, or about $208.17/sf. The investment vehicle, Kennedy Wilson Fund VI, purchased the portfolio from ...

Commercial Real Estate Direct Staff Report KBS REIT II Inc. has sold two office buildings with a total of 142,710 square feet in San Jose, Calif., for $95 million, or $665.69/sf. The Newport Beach, Calif., non-traded-REIT, which last year adopted a ...

Blackstone Property Partners has agreed to buy a 49 percent stake in three production studios and five adjacent office properties in Hollywood, Calif., from Hudson Pacific Properties Inc. in a deal valuing the 2.2 million-square-foot portfolio at $1.65 billion, or ...

Black Creek Group is about to put shovels to the ground on a pair of industrial projects in California's Inland Empire market. The projects, totaling 440,000 square feet, are scheduled for completion in the first quarter. Meanwhile, the Denver investment ...

Crain's New York Business Vornado Realty Trust is looking into selling the 70 percent stake it holds in Manhattan's 1290 Avenue of the Americas and San Francisco's 555 California St. The Trump Organization, which owns the remaining 30 percent interest ...

Rentv.com Three adjacent apartment buildings with a combined 59 units in Santa Clara, Calif., were sold for $24.7 million, or about $418,644/unit. Levin Johnston brokered the deal on behalf of a private seller. The buyer was not disclosed. Units at ...

San Diego Business Journal Viewpoint Equities Inc. has bought the 120-unit Royal Apartments of Old Town in San Diego for $16.5 million, or $137,500/unit. The San Diego real estate investment company purchased the property, at 1616 Guy St., from Seapoint ...

Commercial Real Estate Direct Staff Report Landlords in California can breathe a sigh of relief as a bill designed to protect commercial tenants who have been impacted by the coronavirus pandemic from being evicted today failed to pass the California ...