Allison Landa
Buchanan Puts Up $21M for First Mortgage on Luxury Apartment Complex in Northern California
Aqua Via is located near Jack London Square, a hallmark of Oakland currently undergoing a $375 million redevelopment. It is also located close to public transportation, including AC Transit buses and Amtrak trains.
Report: Doubletree Berkeley Marina in Default
According to the Contra Costa Times, the Doubletree was purchased in September 2006 by a joint venture of Westmont and Canada-based Cadim Inc., which paid $416 million to buy a real estate investment trust along with its 21-hotel portfolio, including the Doubletree.
JLL: Vacancies Fall Amongst NYC Class A Office Properties
Vacancy rates dropped amongst all property types in Midtown, where the overall vacancy rate fell to 13.2 percent at mid-2010, a drop of 3 percent from the overall vacancy rate of 13.6 percent in the first quarter. Class A vacancy rates fell to 13.4 percent over the second quarter, down 3.4 percent from the previous quarter’s 13.9 percent.
CBRE Investors Grabs 1.6M-SF Downtown Oakland CRE Portfolio for $356M
Shorenstein had acquired four of the buildings in a $120 million deal in late 1996, and brought in the Ohio pension fund as a 50/50 partner in 1998. In 1999, the joint venture exercised an option to purchase the parking facility from the City of Oakland.
Bayonne Medical Center to Get New 50,000 SF Building
Slated to break ground in 2011, the building is touted as transforming unused land into revenue-generating space. It will house a surgery center, nursing school, hospital pharmacy, and doctors’ offices.
CBRE Sells Hawaiian Mall for $27.5M
The retail center consists of 11 buildings housing 43 tenants in 170,275 square feet of retail space, with major tenants including Longs Drugs and City Mill. It is located on a 15.62-acre lot.
Mesa West Raises $600M for Real Estate Fund
The fund is designed to directly originate bridge financing with an emphasis on first mortgage debt for middle-market transitional and value-add properties in the Western United States as well as select gateway cities on the East Coast.
Pharmaceutical Firm Snaps Up Boston-Area Tech Park for $165M
The premier biotechnology compound of office and lab space and 40 acres of preserved open space had been undergoing redevelopment at the hands of Patriot Partners, the partnership between Framingham, Mass.-based Atlantic Management Corp., Concord, Mass.-based Mohawk Partners L.L.C. and New York City-headquartered O’Connor Capital Partners that acquired the property in 2003.
Legacy Wraps Up $264M Mixed-Use Project at Hollywood and Vine
The 12-story community features 375 apartments, 297 market-rate, 78 affordable, as well as 32,595 square feet of ground-floor retail including Trader Joe’s, Wells Fargo Bank, Café Entourage and Bubbles dry cleaners. It also has a 215-space on-site public parking lot.
Investcorp Sells $100M First Mortgage on D.C. Coast Guard HQ
The mortgage, which is due in 2014, was sold to the Talos Capital Limited for an undisclosed price.