REBusinessOnline

Restoration Hardware Opens RH Marin, The Gallery at the Village in Corte Madera, California

CORTE MADERA, CALIF. — RH has opened RH Marin, The Gallery at the Village, the brand’s newest physical location and the first design gallery in California. The property is located at 1750 Redwood Highway in Corte Madera. Totaling nearly 60,000 square feet of indoor and outdoor space, the three-level property features artistic installations of luxury home furnishings in a gallery setting, including spaces devoted to RH Interiors, RH Modern, RH Rugs and Outdoor. Additionally, RH Marin …

IPA Brokers Sale of 95-Unit Liberty Crossing Apartment Community in Salt Lake City

SALT LAKE CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Liberty Crossing, a multifamily property located in Salt Lake City. Elan Multifamily Investments acquired the community from Liberty Crossing Associates for an undisclosed price. Built in 2019, the 102,011-rentable-square-foot property features 95 apartments. Danny Shin and Brock Zylstra of IPA brokered the

CBRE Global Investors Acquires Two Office Buildings in San Jose, California

SAN JOSE, CALIF. — CBRE Global Investors has purchased [email protected], a two-building office complex in San Jose. Terms of the transaction were not released. Totaling 368,702 square feet, the asset consists of two six-story buildings: 4353 North First St., a 181,042-square-foot property built in 2016, and 4453 North First St., a 187,660-square-foot building built in 2019. The buildings feature 14-foot to 16-foot slab-to-slab heights, expansive window lines, abundant light, lobbies and …

CalBay Development Buys 99c Only-Occupied Property in Los Angeles for $3.3M

LOS ANGELES — CalBay Development has acquired the fee interest in a retail property located in the Rowland Heights area of Los Angeles. A private family sold the asset for $3.3 million in an off-market transaction. Situated on two acres, the site is improved with a 20,000-square-foot retail store, which 99c Only occupies on a net-leased

Marcus & Millichap Arranges $4M Sale of Retail Property in Goodyear, Arizona

GOODYEAR, ARIZ. — Marcus & Millichap has arranged the sale of a retail building located at 15578 W. McDowell Road in Goodyear. A limited liability company sold the property to a limited liability company for $4 million. The property includes a 10-year absolute, triple-net corporate lease with 10 percent rental increases every five years. AAA occupies the 8,540-square-foot building, which is situated on 1.1 acres. Mark Ruble, Chris Lind and Jamie Medress of Marcus & Millichap’s …

Sur La Table Files for Chapter 11 Bankruptcy, Plans to Close 56 Stores

SEATTLE — Privately held kitchenware retailer Sur La Table has filed for Chapter 11 bankruptcy protection. The Seattle-based company is set to close 56 of its 121 stores, according to reports by The New York Times, making it the latest retailer to struggle under strain caused by the COVID-19 pandemic. Following store closures and bankruptcy proceedings, Sur La Table has entered into a stalking horse agreement — or an initial bid on the assets of a bankrupt company — to affiliates of …

RBL Real Estate Sells Del Norte Marketplace in Bay Area for $22.5M

EL CERRITO, CALIF. — RBL Real Estate has completed the disposition of Del Norte Marketplace, a pharmacy-anchored shopping center located in El Cerrito. Miami-based Jewell Capital acquired the asset, including its existing debt, for $22.5 million. Located at 11511-11565 San Pablo Ave., the 64,270-square-foot retail center recently underwent a multi-year repositioning. Current tenants include Walgreens, Ross Dress for Less, dd’s Discounts and IHOP. Eric Kathrein, Tim Kuruzar, Bryan Ley …

Colliers Brokers Sale of Eight-Building Office Portfolio Near Sacramento for $23M

SACRAMENTO AND GOLD RIVER, CALIF. — Colliers International’s Institutional Capital Markets team has arranged the sale of an eight-building office portfolio near Sacramento. Cook Endeavors acquired the asset from WHAL Properties for $23 million, or $139 per square foot. Totaling 170,000 square feet, the portfolio includes 11341 and 11335 Gold Express Drive, 11249 Gold Country Blvd. and 11211 Gold Country Blvd. in Gold River, as well as 800 Howe Ave., 3604, 3626 and 3620 Fair Oaks Blvd. in …

King Capital Investments Acquires 67,389 SF Atrium West Office Park in Tigard, Oregon

TIGARD, ORE. — King Capital Investments has purchased Atrium West Office Park, located at 9600 SW Oak St. in Tigard. New York-based HighBrook Investors sold the property for $9.8 million. Built in 1983 and fully remodeled, Atrium West Office Park features 67,389 square feet of office space. Zach Francis of Kidder Mathews represented the buyer in the

CapRock Partners Buys Newly Built 146,500 SF Industrial Building in Phoenix

PHOENIX — CapRock Partners has acquired a newly built industrial building located at 4615 W. McDowell Road in Phoenix. The 146,500-square-foot facility can accommodate up to four light manufacturing and distribution tenants. The building offers two 2,000-square-foot speculative office spaces, 32-foot clear heights, 26 dock-high and four grade-level loading doors and a concrete truck court. Additionally, the eight-acre site is equipped with heavy power capacity (3,600 amps, 277/480 …

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