Finance
Wildwood School Acquires 101,000 SQFT Ocean Park Plaza for $50.6MM in Santa Monica
A private co-educational school has purchased Santa Monica’s largely empty Ocean Park Plaza in an all-cash deal, pulling a full city block of...
EQT Acquires 667,000 SQFT Interchange Logistics Center Portfolio in San Bernardino for $119.5MM from Cabot
Boston-based Cabot Properties has sold a fully specified three-building warehouse portfolio at Interchange Logistics Center to global investment firm EQT, handing the buyer...
Breakthrough Properties, Tishman Speyer Provide $90MM Mezzanine Loan on 538,000 SQFT Neurocrine-Leased Aperture Del Mar in San Diego
Two of the biggest names in life science real estate have moved to the credit side of a fully leased San Diego campus,...
Blackstone’s $195MM Tower at Burbank Loan Lands on CMBS Watchlist as Office Occupancy Slides to 73%
Morningstar Credit has flagged the $195 million loan on Blackstone’s Tower at Burbank office property for occupancy erosion, as a signature entertainment-district tower...
Wyoming Buyer Acquires 88-Site Sundance Senior Manufactured Housing Community in Escondido for $11MM
A privately held buyer shielded behind a Wyoming holding company has acquired Sundance Mobile Home Park, an 88-site senior manufactured housing community in...
Asana Partners Acquires 63,000 SQFT Crown Valley Center in Laguna Niguel for $20.5MM in First Trade in 57 Years
A grocery-anchored neighborhood center in the heart of South Orange County has changed hands for the first time since it was built in...
Pegasus Structures Permanent Loan With 33% Future-Funding Holdback Around 1031 Exchange in Atascadero
Pegasus Capital Markets arranged a permanent loan that carries a committed future-funding holdback of roughly one-third of the balance and accrues interest only...
ParkTerra, JEN Partners Sell 50,000 SQFT AXIS Office Building in Anaheim’s Platinum Triangle for $11.75MM
A joint venture of ParkTerra and JEN Partners has sold a three-story office building at Anaheim’s AXIS campus to a local owner-user for...
Bascom Group Acquires 183-Unit Castlewood Park Apartments in Buena Park for $53MM
The Bascom Group has purchased the 1963-vintage Castlewood Park Apartments in Buena Park for $53.125 million, wagering that experienced value-add operators can profit...
Four-Building 70,000 SQFT San Ysidro Industrial Park Hits Market at $18.9MM
A stabilized four-building industrial park pressed against the nation’s busiest border crossing has come to market at $18.9 million, testing investor appetite for...
Local Family Sells 41-Unit Sundance West Apartments in Costa Mesa for $16.9MM
A local family cashed out of its low-density Costa Mesa apartment community, selling the 41-unit Sundance West Apartment Homes to a value-add investor...
Newport 17th Plaza, Fully Leased 29,000 SQFT Costa Mesa Retail Center, Hits Market for $16.6MM at 6.26% Cap Rate
A fully occupied neighborhood retail center anchored to one of coastal Orange County’s busiest intersections has hit the market at $16.6 million, testing...
