The NFL has expanded and extended its lease in Hudson Pacific Properties’ 10900 and 10950 Washington properties. As part of the new deal, the NFL will take on an additional 22, 221 sq. ft. through the middle of 2017. Financial terms of the deal were not released.
Holliday Fenoglio Fowler has arranged $11 million in financing for two-building medical office portfolio. A joint venture consisting of Pacific Prime Properties and Hager Pacific own the two properties, located at 12665 Garden Grove Blvd. in Garden Grove, Calif. and 10861 Cherry Street in Los Alamitos, Calif.
Meta Housing Corp. has finished constructing its $43.8 million mixed-use development in Hollywood, Calif. The Metro @ Hollywood includes 5,500 sq. ft. of retail as well as 120 apartment units and is located on the corner of Hollywood Boulevard and Garfield Place.
A joint venture of CT Realty Investors and Artemis Real Estate Partners Fund I has sold the 123,000-sq.-ft. corporate headquarters building at 6 Whatney in Irvine, Calif. The unnamed buyer, an owner/user, purchased the property for $11.8 million. The facility is located on 5 acres of land within the Irvine Spectrum submarket.
APW Bristol Parkway Associates LLC has purchased the office building at 6133 Bristol Pkwy. in Culver City, Calif. for $12.65 million. Praedium/Palisades Partners disposed of the 51,288-sq.-ft. building in an off-market transaction.
Longkin Properties has disposed of the 109,367-sq.-ft. industrial property at 1111 Pioneer Way in El Cajon, Calif. The facility, which sits on 4.4 acres, sold for $6 million to 1111 Pioneer Partners LLC.
Jacmar Foodservice Distribution has purchased the 10.67-acre industrial site at 300 N. Baldwin Park Blvd. in Industry, Calif. Chalmers Equity Group disposed of the property after entering into negotiations with three potential buyers.
InvenSense Inc. has leased 130,000 sq. ft. at 1745 Technology Dr. in San Jose, Calif. The long-term office lease will give InvenSense a large portion of the 228,000-sq.-ft. building owned by Equity Office. The lease details were not disclosed.
CBRE Strategic Partners U.S. Value 6 has added two apartment communities to its portfolio. The fund sponsored by CBRE Global Investors has purchased Dunwoody Place in the Buckhead/Sandy Springs, Ga. and The Connection at Buffalo Pointe in Houston. The sales terms of the deals were not released.
Construction has completed on the Civic Center and Park Project in Newport Beach, Calif. The 117,000-sq.-ft. project, being developed by C.W. Driver, has been underway since the first half of May 2010.
Drawing on the views of more than 100 investors Preqin Investor Outlook: Real Estate, H2 2015, provides a unique and in-depth look at the appetite, plans, expectations and concerns of institutional investors active in the real estate asset class....More
The stars appear to be lining up in favor of a bull run in the seniors housing sector. Exclusive results from a study conducted jointly by NREI and the National Investment Center for the Seniors Housing & Care Industry (NIC) shows that respondents are optimistic on their outlook for the sector....More