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Commercial real estate news, information and trends in the west.

Historic 249-Key San Marcos Resort Sells to California Investor

Newmark Grubb Knight Frank has sold the Crowne Plaza San Marcos to an unnamed California investor group. Details of the deal were not made public.

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  • May 24, 2013
    Article

    CBRE Global Investors Fund Adds 748 Apartment Units to Portfolio

    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....More
  • May 24, 2013
    Article

    Beverly Hills Ferrari Maserati To Build 20,000SF Dealership

    Vivial Markham Trust has sold the 28,500-sq.-ft. parcel of land at 23305 Hawthorne Blvd. in Torrance, Calif. Beverly Hills Ferrari Maserati purchased the property for $2.3 million....More
  • May 24, 2013
    Article

    Construction Completes on $110M Civic Center and Park Project

    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....More
  • May 23, 2013
    Article

    Western National Property Management To Manage The Paseos at Magnolia

    Western National Property Management has been tapped to handle the leasing and management of The Paseos at Magnolia. The 168-unit luxury apartment community being developed by the Hutton Cos. is located in Riverside, Calif....More
  • May 23, 2013
    Article

    Grosvenor Americas Sells La Colonnade

    La Colonnade has been sold by Grosvenor Americas to an undisclosed private investment group. Terms of the sale were not released....More
  • May 23, 2013
    Article

    HFF Arranges $25.2M in Financing for Ontario Gateway Center

    Holliday Fenoglio Fowler has secured $25.2 million in financing for the Ontario Gateway Center. The 10-building, 220,930-sq.-ft. retail center is located in Ontario, Calif....More
  • May 22, 2013
    Article

    Employee Engagement and Sustainability Thrive at Intel; 2012 Corporate Responsibility Report Released

    Intel's sustainability measures include tying its employee compensation to sustainability goals. The new $41 million LEED Silver Triangle Plaza in New York's South Bronx will be completed by early 2014. BASF employee volunteers joined Morris Habitat for Humanity to build homes in Madison, N.J. Nissan and Car Charging Group Inc. announced a joint initiative to make EV charging more readily available. And 11 entities in Iowa, Kansas, Missouri and Nebraska will receive over $4.5 M from the EPA to revitalize brownfield properties....More
  • May 22, 2013
    Article

    AEW Buys 127,000SF Office Campus

    AEW Capital Management LP has purchased the office property at 3111-3141 Coronado Drive in Santa Clara, Calif. The two-building campus was sold by 3111-3141 Coronado Drive Associates, LLC, a venture between Bixby Land Co. and JP Morgan. Terms of the deal were not released....More
  • May 22, 2013
    Article

    Pneumatic Scale Signs 26,506SF Lease

    Pneumatic Scale Corp. has taken 26,506 sq. ft. in Rexford Industrial’s 10860 6th St. in Rancho Cucamonga, Calif. Terms of the lease were not disclosed....More
  • May 22, 2013
    Article

    Chelsea Receives $23M in Financing from U.S. Bank

    Chelsea Investment Corp. has received $23 million in Low-Income Housing Tax Credit equity for the development of Fairbanks Commons Apartments. The financing is being provided by U.S. Bank....More
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Total CMBS Issuance Volume

There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?

 

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