Western

Greystar Student Living Awarded Management of Arena District Apartments Near the University of Oregon

by Nellie Day May 4, 2016

EUGENE, ORE. — Student Housing-Eugene LLC, an affiliate of Columbia Investments LLC, has awarded Greystar Student Living management of Arena District Apartments, a 244-bed student housing community located two blocks away from the University of Oregon campus in Eugene. The LEED Gold certified property was formerly known as University House Arena District. The community offers two- and four-bedroom units with contemporary furniture packages, flat-screen televisions, Apple TV, EnergyStar front-loading washers and dryers, and free cable and high-speed Internet access. Environmentally friendly features of the property include energy efficient lighting, low-VOC paint, solar-generated hot water and operable windows for natural ventilation. Community amenities include a clubhouse and an Internet café with Mac computers, seating areas, a multimedia lounge with gaming stations and billiards tables, a large outdoor courtyard with drought tolerant landscaping and grilling stations, bicycle storage, covered parking, recycling centers and reserved parking spaces for fuel-efficient vehicles. Greystar will add a new fitness center, spa and study lounges this year.

May 4, 2016

Colorado Office Western

Akerman Law Firm Expands to New Location in Denver

by Nellie Day May 4, 2016

DENVER — Akerman LLP is relocating its offices to a 23,762-square-foot space at 1900 16th St. in Denver’s LoDo Historic District. The law firm is moving from a 14,658-square-foot space at 1400 Wewatta St. The new office accommodates 25 lawyers and patent professionals. Akerman will assume the lease on July 1. It will move in by the end of the year when its current lease expires. Franklin Street represented the firm.

May 4, 2016

California Western

Jeramy Mahfet Joins PREMIER Design + Build Group in Irvine

by Nellie Day May 4, 2016

IRVINE, CALIF. — Jeramy Mahfet has joined PREMIER Design + Build Group’s Southwest office as project manager. He will help develop, design and build projects for the firm throughout California. Mahfet spent the past four years working with some of the biggest organizations in the public and private sectors throughout Southern California. He also specializes in large projects and design sustainability. One of Mahfet’s most notable projects includes a $200 million, 450,000-square-foot office building for a major global automaker that achieved LEED-Gold certification. He also managed the construction on a $30 million, mixed-use retail, restaurant and office center. Mahfet is a member of the American Society of Civil Engineers. He earned a degree in civil engineering at California State University, Fullerton.

May 4, 2016

California Loans Retail Western

CBRE Arranges $43M Refinancing for 116,403 SF Retail Center in Carlsbad

by Nellie Day May 3, 2016

CARLSBAD, CALIF. — CBRE Capital Markets’ Debt & Structured Finance team has arranged a $43 million loan for Cornerstone Real Estate Advisers LLC to refinance Bressi Ranch Village Center, a retail center in Carlsbad. Michael Riccio and Mark McGovern of CBRE’s San Diego office secured the long-term, fixed-rate loan for the borrower. Delivered in 2010, the 116,403-square-foot center is 97 percent occupied by 30 tenants, including Stater Bros. and Trader Joe’s.

May 3, 2016

Idaho Multifamily Seniors Housing Western

CareTrust REIT Purchases Skilled Nursing Facility in Boise for $8.9M

by Nellie Day May 3, 2016

BOISE — CareTrust REIT (NASDAQ: CTRE), an investor based in San Clemente about midway between Los Angeles and San Diego, has acquired Shaw Mountain at Cascadia, a 98-bed skilled nursing facility in Boise, for $8.9 million. This deal was a sale-leaseback transaction with the seller and operator, Cascadia Healthcare LLC. The acquisition was funded by an 8.5 million-share equity offering that occurred in March.

May 3, 2016

Colorado Retail Western

US Property Trust Acquires Mulberry & Lemay Crossing in Colorado

by Nellie Day May 3, 2016

FORT COLLINS, COLO. — US Property Trust has acquired Mulberry & Lemay Crossing, an 18,988-square-foot shopping center located in Fort Collins, for an undisclosed price. Walmart and The Home Depot shadow anchor the center. Tenants at the property, located at 1281 E. Magnolia St., include RadioShack, Supercuts, Silver Mine Subs, The UPS Store, Qdoba, Dairy Queen, GameStop, Papa John’s, State Farm and Chase Bank.

May 3, 2016

California Retail Western

Hanley Investment Group Arranges Sale of Bouquet Center in Metro Los Angeles

by Nellie Day May 3, 2016

SANTA CLARITA, CALIF. — Hanley Investment Group Real Estate Advisors (HIG) has arranged the sale of Bouquet Center, a 148,903-square-foot, grocery-anchored shopping center located in the Los Angeles suburb of Santa Clarita. The price was not disclosed. Ed Hanley and Kevin Fryman of HIG represented the seller, a Los Angeles-based private investor, in the sale of the property to an undisclosed, publically traded REIT. Built in 1985, the center underwent a $7 million renovation in 2007. Tenants at the 95 percent occupied property include Vons, CVS/pharmacy, Ross Dress for Less, Chase, Citibank, Wendy’s, Baskin Robbins, Jersey Mike’s Sub, Little Caesars Pizza and Payless ShoeSource.

May 3, 2016

California Retail Western

Excel Trust Names Luke Petherbridge as President, CEO

by Nellie Day May 3, 2016

SAN DIEGO — Excel Trust has hired Luke Petherbridge president and CEO. Petherbridge currently serves as the CFO and treasurer of DDR Corp., a power center REIT with 352 value-oriented shopping centers. At DDR Corp., Petherbridge has overseen the execution of $5 billion worth of real estate transactions, raised over $9 billion of long-term capital and supported various strategic initiatives. A fund managed by Blackstone Real Estate acquired Excel Trust in 2015. Through additional acquisitions, the San Diego-based company’s leased and managed portfolio will have more than doubled to include over 80 retail assets covering 19 million square feet. The portfolio consists of high-quality, open-air shopping centers with concentrations in California, Texas, New York and Florida.

May 3, 2016

California Retail Western

Oak Park Properties Acquires 29,950 SF Lifestyle Center in Conejo Valley for $11.9M

by Nellie Day May 2, 2016

CONEJO VALLEY, CALIF. — Oak Park Properties LLC has acquired Oak Park Plaza, a lifestyle center located at 702-706 Lindero Canyon Road in Conejo Valley. Oak Park Assets LLC sold the property for $11.9 million. Tenants at the 29,950-square-foot retail property include Subway, On the Thirty, Stevenson Fitness and Margarita’s Mexican Restaurant. Jeff McGuire and Slavic Zlatkin of Lee & Associates – LA North/Ventura represented the seller, while Zlaktin also represented the buyer in the off-market transaction.

May 2, 2016

California Multifamily Seniors Housing Western

Blueprint Arranges $8M Sale of 118-Bed Skilled Nursing Facility in San Marcos

by Nellie Day May 2, 2016

SAN MARCOS, CALIF. — Blueprint Healthcare Real Estate Advisors, a brokerage based in Chicago, has arranged the $18 million sale of Village Square, a 118-bed skilled nursing facility in San Marcos, approximately 35 miles north of San Diego. A publicly traded REIT seeking to divest non-core assets sold the property to a Los Angeles-based investor. The new owner plans to implement a turnaround strategy at the facility. The sales price equates to approximately $68,000 per bed. Christopher Hyldahl and Ben Firestone of Blueprint executed the transaction.

May 2, 2016

Newer Posts

Older Posts