Commercial Property Executive Travelers Club Luggage has paid $51.3 million, or $340.76/sf, for the GLP Mid-Counties Distribution Center, a 150,548-square-foot industrial property in Santa Fe Springs, Calif. The travel gear company acquired the property, at 13900 Carmenita Road, from Ares ...
The Hackman/Affinius venture had funded its purchase with $1.11 billion of mortgage financing, of which $375.44 million was securitized through SHOW Trust, 2022-BIZ. The remaining debt, was provided by Wells Fargo Bank, Goldman Sachs and Morgan Stanley. Some was sold ...
Investment firm 601W Cos. has acquired the Wells Fargo Center North Tower, a 1.4 million-square-foot office property in downtown Los Angeles. The purchase price could not yet be learned, but reports on the sale from earlier this year indicated it ...
Commercial Real Estate Direct Staff Report Los Angeles investors Danny Sooferian and Ramin Saghian have paid $63.13 million, or $195.44/sf, for the 323,016-square-foot Orange Center Tower office property in the Los Angeles suburb of Orange, Calif. The two—Sooferian is president ...
Commercial Real Estate Direct Staff Report With its Aug. 15 maturity fast approaching, the $1.1 billion CMBS loan against a portfolio of eight office and production studio properties with 2.23 million square feet in Los Angeles owned by a venture ...
Sack Capital Partners has paid $36.7 million, or $265,942/unit, for the 138-unit Terramonte at Foothill Apartments in Pomona, Calif., some 30 miles east of Los Angeles. The San Francisco investment manager acquired the property from Positive Investments of Arcadia, Calif., ...
Camden Property Trust has sold its 11 California apartment properties with 3,609 units for $1.63 billion, marking the company's exit from the state after 28 years.
Rentv.com WareSpace has paid $23 million, or $254.14/sf, for the 90,500-square-foot industrial property at 860 Sandhill Ave. in Carson, Calif. The Columbia, Md., company acquired it from JTL Corp., which was represented by DAUM's Capital Markets Group. The property was ...
Commercial Real Estate Direct Staff Report The sale of Los Angeles' 1.4 million-square-foot Bank of America Plaza office property has resulted in a loss of $175.87 million to the four CMBS trusts that held a $400 million loan against the ...
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