West
Citrine Advisors Secures $7M in Financing for Bay Area Property
Continental Partners arranged the loan to facilitate the purchase and renovation of the 34,149 square-foot mixed-use building in San Leandro, Calif.
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
HFF Arranges $180M Loan for Class A Industrial Portfolio
A joint venture between Bixby Land Co. and an institutional partner used an initial $48.9 million in funding to acquire four buildings across California and Arizona.
Meridian Closes 5th MOB Acquisition in California
The company will invest $3.6 million in upgrades to the property, which was vacant at the start of negotiations. While the sale was in escrow, Newmark Knight Frank found a tenant for half the building.
San Diego Life Sciences Portfolio Lands $71M Loan
HFF facilitated the five-year floating-rate financing, which will be used to transform two Sorrento Mesa buildings into Class A lab space.
Inland Empire Office Changes Hands
CIP Real Estate traded the building, which contains more than 70,000 square feet of Class A space, for upwards of $20 million.
Goldman Sachs JV Pays $83M for Orange County Office Campus
The five-building property—encompassing more than 300,000 square feet of Class A office space—last changed ownership in late 2005 for $68 million.
Lincoln Property JV Acquires San Francisco-Area MOB
LPC West and Angelo Gordon teamed up to purchase a medical office building in Burlingame, Calif., that has more than 100,000 square feet.
Swift Real Estate Acquires San Francisco Office Building
The buyer funded the transaction with an acquisition and development loan from a private lender. The 1912-built historic property is almost fully leased.
Clarion Partners Completes $135M Seattle Office Purchase
Kilroy Realty sold the property seven years after acquiring it from HAL Real Estate for more than $100 million.