Westcore, a leading West Coast industrial real estate acquisition, development and asset management firm, acquired a 108,927-square-foot warehouse building at 28381 Vincent Moraga Drive in Temecula, California from a private party for $16 million. The building features very unique 40- to 42-foot clear heights and an existing sprinklered racking system. The 6.65-acre site also boasts....
An undergraduate student team from UC San Diego’s Department of Urban Studies and Planning submitted the superior development plan at NAIOP San Diego’s 11th annual University Challenge, beating out teams from San Diego State University’s Corky McMillin Center for Real Estate and University of San Diego’s Burnham Moores Center for Real Estate for the second....
The Davies Group at Los Angeles-based George Smith Partners, a leading commercial real estate capital markets advisor, secured $56.5 million of construction financing on behalf of Zephyr Partners for its project comprising 55,000 square feet of office space, 9,000 square feet of retail/food and beverage space and 25 apartment units at an infill location near....
Commercial real estate investment firm Brixton Capital has brought on retail redevelopment veteran Justin Long as Vice President of Development. Long will be responsible for identifying, pursuing and managing development opportunities in U.S. markets, as well as assisting with underwriting, design and construction phases. Long has an extensive background in the redevelopment of shopping centers,....
Westcore, a leading industrial real estate acquisition, development and asset management firm, has secured an additional $500 million equity capital commitment from capital partner Arizona State Retirement System (ASRS) to support their national growth plans. The investment, combined with ASRS’s previous capital commitment, and backing from two other life insurance companies, will provide a combined....
Westcore, a leading West Coast industrial real estate acquisition, development and asset management firm, acquired a property portfolio of two distribution warehouses in California for a combined total of more than 1.4 million square feet of space. Westcore acquired the properties, located at 2801 West Ave. H in Lancaster and 1744 East Beamer St. in....
Principal and Managing Director Malcolm Davies and Senior Vice President Zack Streit of The Davies Group at George Smith Partners, a Los Angeles-based leading commercial real estate capital markets advisor, arranged $45.5 million in construction completion and inventory financing for Ato, a 77-unit, 81,618-square-foot mixed-use condominium project located in the heart of Little Tokyo in....
Commercial real estate investment firm Brixton Capital has hired Craig Boone as asset manager. He will serve as Brixton’s primary representative in Texas, where Brixton plans to significantly expand its portfolio of multi-family properties. Boone is responsible for execution of the strategic plans for all Brixton’s multi-family assets under management in Texas and throughout the Western states. He will work closely with property management firm UAG. “Our firm currently....
The Davies Group at Los Angeles-based George Smith Partners, an entrepreneurial commercial real estate capital advisory firm, arranged $25.5 million in senior bridge financing provided by New York-based Ladder Capital (NYSE: LADR) on behalf of Los Angeles-based Arc Capital Partners (“Arc”) for Chapman Plaza. The 43,000-square-foot retail center destination dining and retail hub, located in....
Westcore, a leading West Coast industrial real estate acquisition, development and asset management firm, acquired a 117,342-square-foot warehouse building at 201 Flynn Road, in Camarillo, California, from Southern California-based Decker-Goetsch Properties for $20 million. The highly functional industrial building, which is 100% leased for more than eight years, was particularly attractive to Westcore as it....