Property Type

Universe Holdings Receives $124.7M to Refinance Southern California Multifamily Portfolio

by Nellie Day June 30, 2016

LOS ANGELES — Universe Holdings has received $124.7 million to refinance a seven-property multifamily portfolio in Southern California. The properties contain a total of 559 units. The refinancing program generated $15 million in proceeds for new acquisitions and asset improvement programs. Universe is targeting up to $100 million in new acquisitions this year, according to the firm’s CEO. Properties in the portfolio are the 50-unit Isles of Charm in Los Feliz; the 172-unit Nantucket Creek in Chatsworth; the 53-unit Chateau Lakeside; the 82-unit Chateau Woodley Hart in Van Nuys; the 52-unit Chateau Regent in North Hollywood; the 56-unit Chateau Spring Terrace in La Mesa; and the 94-unit Chateau Spring Hill in La Mesa. HFF’s Charles Halladay arranged the loans through HFF’s Freddie Mac Program Plus® Seller/Servicer Program and Sabal Financial’s Freddie Mac Small Balance Program.

June 30, 2016

Arizona Loans Multifamily Seniors Housing Western

CBRE Secures $80M Acquisition Financing for Seniors Housing Communities in California, Arizona

by Nellie Day June 30, 2016

THOUSAND OAKS, CALIF., AND SCOTTSDALE, ARIZ. — CBRE has arranged $80 million in financing for a joint venture between Blue Moon Capital Partners and Belmont Village Senior Living. The JV will use the funds to purchase an assisted living and memory care portfolio consisting of Belmont Village Thousand Oaks in metro Los Angeles and Belmont Village Scottsdale in the Phoenix suburb of Scottsdale. The seven-year, fixed-rate loan includes 48 months of interest-only payments. A life insurance company provided the funds. The two communities total 275 units and Belmont Village will continue to operate the properties. The California location was built in 2011 and the Arizona location in 2012. Aron Will, vice chairman of CBRE National Senior Housing, arranged the financing.

June 30, 2016

California Retail Western

SVN | The Kase Group Brokers $25.5M Sale of Home Depot Property in Santa Clara

by Nellie Day June 30, 2016

SANTA CLARA, CALIF. — SVN | The Kase Group has arranged the $25.5 million sale of a 95,700-square-foot Home Depot property located in Santa Clara. Jacob Abusharkh of SVN | The Kase Group represented the undisclosed seller in the transaction. An undisclosed all-cash buyer acquired the property. The Home Depot has less than four years remaining on its lease.

June 30, 2016

Arizona Retail Western

Cushman & Wakefield Arranges $15.6 Million Sale of Zocallo Plaza in Metro Phoenix

by Nellie Day June 30, 2016

SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the $15.6 million sale of Zocallo Plaza, a 51,195-square-foot shopping center located in the Phoenix suburb of Scottsdale. The property, located within the master-planned community of Kierland, is fully occupied by tenants including Corner Bakery Café, Pella Windows, Desert Schools Credit Union and Classy Closets. Ryan Schubert and Michael Hackett of Cushman & Wakefield represented the seller, Enright Zocallo LP. The buyer was undisclosed.

June 30, 2016

California Retail Western

BRC Advisors Brokers Lease of Restaurant Space in Los Angeles

by Nellie Day June 30, 2016

LOS ANGELES — BRC Advisors has arranged the lease of a restaurant space located at 7807 Beverly Blvd. in Los Angeles. The space is located between Fairfax and La Brea near Farmers Market and The Grove. Elan Kermani of BRC Advisors represented the landlord in the transaction.

June 30, 2016

Retail Texas

Phillips Edison Acquires 218,598 SF Grocery-Anchored Shopping Center in Murphy, Texas

by Christina Cannon June 30, 2016

MURPHY, TEXAS — Phillips Edison Grocery Center REIT I Inc. has acquired Murphy Marketplace, a 218,598-square-foot, Sprouts-anchored shopping center located in Murphy, a suburb 25 miles northeast of Dallas. The center is home to tenants including Michaels, 24 Hour Fitness, Tuesday Morning, T-Mobile, Chick-fil-A, Einstein Bros. Bagels, Chipotle Mexican Grill, Firehouse Subs and Dunkin’ Donuts.

June 30, 2016

Retail Texas

JLL Brokers Sale of CarMax-Dallas, CarMax-Houston

by Christina Cannon June 30, 2016

DALLAS AND HOUSTON — JLL has arranged the sale of CarMax-Dallas and CarMax-Houston on behalf of Thompson National Properties, an advisor of the former ownership group. Realty Income Corp. purchased both freestanding CarMax Auto Superstores for an undisclosed price. CarMax-Dallas is located at 4448 W. Plano Parkway in Plano, and CarMax-Houston is located at 19500 N. West Freeway in Houston. Both assets are triple net-leased to Richmond, Va.-based CarMax, which operates 151 used car stores in 76 markets.

June 30, 2016

Industrial Texas

Alliance Architects Completes Design of 760,000 SF Distribution Center for Ulta Beauty

by Christina Cannon June 30, 2016

DALLAS — Alliance Architects has completed the design of a 760,000-square-foot distribution center in Dallas. The property is a build-to-suit for Ulta Beauty, a national beauty products retailer. The recently completed facility is located on a 94-acre site within Mountain Creek Business Park. The property features 32-foot clear heights, 46 dock doors and 29,220 square feet of office space. The distribution center is in the process of becoming LEED-certified. Alliance Architects’ team members included Chad Michel, Zac Bartz and Scott Franckowiak. The development team includes developer Prologis, general contractor The Conlan Co., civil engineer Pacheco Koch Consulting Engineers, structural design firm McHale Engineering and landscape architect Belle Firma.

June 30, 2016

Multifamily Texas

M&M Arranges Sale of 41-Unit Apartment Building in Dallas

by Christina Cannon June 30, 2016

DALLAS — Marcus & Millichap has arranged the sale of Village Oaks Condominiums, a 41-unit apartment property in Dallas, for an undisclosed price. Constructed in 1982, the one-story, Class B asset is situated on approximately 3.5 acres of land. Village Oaks Condominiums includes 17 one-bedroom, one-bath units and 24 two-bedroom, two-bath units. The property features 35,624 square feet of rentable space, for an average of 869 square feet per unit. Stephen Crittenden, senior associate with Marcus & Millichap, represented the seller and the buyer, both private investors, in the transaction. The seller acquired Village Oaks out of foreclosure through an all-cash transaction. The buyer is looking to expand its multifamily portfolio after a long history of medical, industrial and single-tenant ownership.

June 30, 2016

Industrial Texas

Lee & Associates Brokers Sale of 27,613 SF Industrial Property in Dallas

by Christina Cannon June 30, 2016

DALLAS — Lee & Associates has arranged the sale of a 27,613-square-foot warehouse located at 1380 N. Cockrell Hill in Dallas. Robert Miller of Lee & Associates represented the seller, QC40 Development LLC, in the transaction. Todd Lambeth of Colliers International represented the buyer, J&H Texas LLC.

June 30, 2016

Newer Posts

Older Posts