Brixton Capital will redevelop Stockton, California’s retail-anchor Sherwood Mall, a 511,242-square-foot shopping, dining and entertainment center originally opened in 1979. The redevelopment will be the future home of specialty grocer Sprouts Farmers Market. Renovations are slated to begin in early 2022 and are on target for completion in the spring of 2023, during which time....
CREW San Diego, a membership organization working to continually promote, educate and support professional women in the field of commercial real estate, has announced its board of directors for 2022. Rebecca Bodemann, vice president of sales at Xpedient Communications, will lead the board as its president. “Our board plans to prioritize deal making between members....
Westcore, a leading industrial real estate acquisition, development and asset management firm, today announced that it has acquired “Park 225,” an approximately 143,000-square-foot industrial facility in Aurora, Colorado, for $33 million. The property was developed and sold by a joint venture between Karis Capital and AEW, both leading national, full-service development and investment real estate....
Brig Black, who founded and successfully led Lincoln Property Company’s San Diego regional office for more than nine years, has launched the commercial property investment firm Elevation Land Company. Elevation Land Company is an entrepreneurial venture that seeks to acquire value-add investment properties in California and high-growth markets in the Southwest and Mountain West regions.....
NAIOP San Diego, the Commercial Real Estate Development Association, will install Hines Managing Director Eric Hepfer as its 2022 chapter president. Transitioning from his previous roles as president-elect and co-chair of the legislative committee, Hepfer is well positioned to lead the chapter. Priority initiatives for the year include: Superior events that can be achieved via....
Westcore, a leading industrial real estate acquisition, development and asset management firm, has acquired Halsey Business Park, an approximately 405,000-square-foot industrial facility in the Portland metropolitan area of Gresham, Oregon for $54.1 million. The property was sold by New York-based DRA Advisors. Just minutes away from Portland International Airport, the building is located at 18225-18557....
Brixton Capital has purchased the Dillard’s building and parcel (the “Property”) located at Brixton’s Provo Towne Center in Provo, Utah for an undisclosed sum. The 206,240-square-foot, two-story building on 12.5 acres was acquired on February 24 from Little Rock, Arkansas-based Dillard’s, which will soon relocate its store. “This acquisition is critical in our long-term plans....
Malcolm Davies and Zack Streit of The Davies Group at Los Angeles-based George Smith Partners, a premier commercial real estate capital advisory firm, arranged $42.5 million in construction financing for the conversion of a 496-key hotel to a market-rate multifamily complex in Southeast Colorado Springs. The financing was arranged on behalf of Shir Capital and....
Commercial real estate investment firm Brixton Capital has hired Bob Phipps as managing director, capital markets. In this role, Phipps is responsible for arranging capital for the Brixton real estate platforms and leads client relations for the firms’ institutional investors and its high net worth and family office partners. Phipps has extensive knowledge and experience in investment....
Commercial real estate investment firm Brixton Capital has hired David Lang as Vice President of Finance. Beginning March 1, 2022, Lang will be responsible for managing debt financing, contributing to Brixton’s strategic plan and overseeing the financial health of company projects. Additional duties include overseeing the finance group, developing complex financial models, communicating with investors,....