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CommercialFinanceIndustry NewsLos AngelesNews ReleasesOrange County

ASB Receives $125MM in Financing for Nine-Building Self Storage Portfolio

(EDITOR’S NOTE: Three of the properties in the portfolio are located in Southern California. They are located at 14215 Normandie Avenue in Gardena,...

FinanceIndustrialIndustry NewsNews ReleasesSan Diego

LaSalle Investment Management Acquires 665,229 SQFT Industrial Campus in Otay Mesa for $158.5MM

SAN DIEGO, Calif., November 3, 2021 – Cushman & Wakefield has advised Murphy Development Company in the disposition sale of a 665,229-square-foot Class...

FinanceIndustry NewsLos AngelesNews ReleasesRetail

Onni Group Acquires 1.2MM SQFT Shopping Center in Burbank for $136MM

By Catherine Sweeney Following a $70 million renovation, Onni Group has purchased a 1.2 million square-foot shopping center in Burbank for $136 million,...

CommercialFinanceIndustry NewsNews ReleasesSan Diego

$24.8MM Refinancing Loan Secured for 98,000 SQFT Office Building in Carlsbad

NEWTON, Mass.– Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $24.8 million first mortgage floating-rate bridge loan to refinance...

FinanceHospitalityIndustry NewsSan Diego

Lowe, Atlas Hotels Borrow $148MM for Financing of 671-Room Hotel in Mission Valley

SAN DIEGO – October 29, 2021 – Berkadia today announced the closing of the financing of the newly-transformed Town & Country Resort located...

FinanceIndustry NewsNews ReleasesResidentialSan Diego

Walz Buys 155-Unit Multifamily Property in Vista for $59.5MM

VISTA, Calif., Oct. 27, 2021 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of...

FinanceIndustry NewsInland EmpireNews ReleasesResidential

Investment Concepts Acquires 177-Unit Senior Living Center in Hemet for $23.85MM

HEMET, Calif., Oct. 15, 2021 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of...

FinanceIndustrialIndustry NewsInland EmpireNews Releases

Covington Group Acquires Seven Buildings Totaling 3.4MM SQFT in Victorville for $270MM

(EDITOR’S NOTE: According to multiple sources familiar with the transaction, the property sold for $270 million, or approximately $80 per square foot.)  VICTORVILLE,...

FinanceIndustrialIndustry NewsNews ReleasesSan Diego

CapRock Partners Sells 210,156 SQFT Industrial Property in Otay Mesa for $47.35MM

(EDITOR’S NOTE: According to a source familiar with the transaction, the property was sold for $47.35 million, or approximately $225 per square foot.)...

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