Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired its first property since closing a separately managed account with CIGNA Investment Management (CIGNA). Westcore has acquired a 184,541-square-foot, high-finish industrial building at 2620 Commerce Way in Vista, California from Denver-based Everwest Real Estate Investors for $26.4 million. The building features 14....
The Davies Group at Los Angeles-based George Smith Partners, a leading commercial real estate capital markets advisor, secured a total of $56 million in structured financing on behalf of Opwest Partners for its ground-up development of the Scottsdale Curio, a 169-key luxury lifestyle hotel. The financing was comprised of a $20 million placement of joint....
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 149,652-square-foot, Class A warehouse in Englewood, Colorado from Chicago-based Brennan Investment Group for $23 million. Located at 14101 E. Otero Ave., Dove Valley Business Center is a newly constructed, 50% leased, state-of-the-art industrial property. Westcore plans to add approximately 1,000-square-feet of....
Brixton Capital, a private real estate investment firm, has hired Mark Selman as president. In his post, Selman is responsible for the overall operations of the firm including acquisitions, financing, asset management and investor relations. “Mark understands the dynamics of our business model and has the skills to manage and grow both our property portfolio....
Harvest Small Business Finance, LLC (“HSBF”), one of the top non-bank originators of SBA 7(a) loans, closed its second securitization of the unguaranteed portions of primarily first-lien SBA 7(a) CRE loans. The $34.92 million Harvest SBA Loan Trust 2019-1 transaction was lead-managed by Credit Suisse Securities and co-managed by Capital One Securities. S&P Global Ratings....
Brixton Capital, a private real estate investment firm, has hired John Desco as executive vice president to oversee leasing, operations, marketing and redevelopment of Brixton’s regional shopping centers. “John’s experience in the retail industry spans both malls and shopping centers. His understanding of the intricacies involved in building, operating and re-positioning best-in-class shopping centers that....
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired an 81,475-square-foot, 30-foot clear height industrial warehouse located at 1800 Dobbin Drive in San Jose, California for $20.5 million. The undisclosed seller will lease back part of the building, which, including one other tenant, is 100% occupied. “We like the relationship of....
The Davies Group at Los Angeles-based George Smith Partners, a leading commercial real estate capital markets advisor, arranged both a $51.7 million senior construction loan and $16.2 million in mezzanine debt for the ground-up development of a Safeway-anchored shopping center in Kona, Hawaii. Securing financing on behalf of the sponsor, CREDE (Commercial Real Estate Development....
Brixton Capital has acquired a Corpus Christi, Texas apartment property for an undisclosed price. Brixton purchased the 250-unit 6947 Everhart Apartments located at 6947 Everhart Rd, Corpus Christi, TX from Austin Multifamily Investments Partners LLC. Built in 1983, the property totals approximately 216,000 square feet. Apartments range in size from 643 square feet to 1,038....
Westcore, a leading industrial real estate acquisition, development and asset management firm, has leased its newly built, 400,000-square-foot industrial building in Phoenix, Arizona to industrial technology leader, ABB, to use as the international firm’s West Coast Distribution Center for its Electrification Installation Products business (formerly Thomas & Betts). Westcore purchased the property when construction completed....