SANTA ANA-Grubb & Ellis, which has been exploring a sale or merger since March, enters exclusive negotiations with New York City-based C-III and an affiliate of Santa Monica, CA-based Colony Capital LLC.
OCEANSIDE, CA-The San Diego-based company acquires the mixed-use residential and retail project here in this week’s roundup of commercial real estate news in the West.
LOS ANGELES-The owner of 1,753 units refinances the portfolio. The owner of the other 882 units gets acquisition financing for two properties. In both cases, the funds were from Freddie MAC.
NEWPORT BEACH, CA-The refinancing of the Park Newport apartment complex is interest-only for the full 10 years of the loan, NorthMarq Capital tells GlobeSt.com.
LOS ANGELES-The new facility, the Martin Luther King Jr. Center for Public Health, replaces a 1950s-era building at the Martin Luther King Jr. Medical Center Campus.
NEWPORT BEACH, CA-The locally based company acquires more than 100 performing and non-performing loans, primarily secured by retail, office and industrial properties and land.
ROSEVILLE, CA-Los Angeles-based JRK Property Holdings acquires the class A complex via its JRK Multifamily Platform, an institutional fund with over $1 billion in purchasing capacity.
IRVINE, CA-The locally based real estate brokerage adds independently owned and operated SVN franchises in California, New York, Florida, Oregon, Nevada, Colorado and Tennessee.
RENO, NV-The Irvine, CA-based company’s acquisition of the 153-unit Talus Point project from US Bank is the first step in the company’s plan to acquire 1,000 units in Nevada.