Costar News

CoStar's People of Note (Feb. 17) - Savills Studley, Marcus & Millichap Making Moves on Both Coasts

February 16, 2017 | 9:13 PM PST

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Orange County, New York City, South Florida, Los Angeles, Chicago, Salt Lake City, Dallas / Ft. Worth, Sacramento, Washington DC and Charlotte. ORANGE COUNTY Savills Studley Acquires Cresa Orange County Sharf, Murphy to Co-Lead Combined Tenant Rep Office in SoCalBy...

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Savills Studley Expands Regional Presence with Acquisition of Cresa Orange County

February 16, 2017 | 8:52 PM PST

Savills Studley, a leading commercial real estate firm specializing solely in tenant representation, has acquired Cresa Orange County in a move to increase the firm's presence in the region while growing its conflict-free platform across the country. "Both of our firms focus exclusively on representing tenants and by combining forces we are uniquely positioned to take the conflict-free platform to the next level," said Royce Sharf, executive vice...

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Dedeaux Properties Buys Six-Property Industrial Portfolio in California, Recaps a Seventh

February 13, 2017 | 9:07 PM PST

Dedeaux Properties LLC, through a new joint-venture equity partnership with a financial services firm, has acquired five industrial buildings totaling 372,100 square feet located at 3420 and 3425-3501 E. Vernon Ave. in Vernon, CA; 2041 Factory St. in Richmond, CA and 110 Olinder Ct. in San Jose, CA. A 2.1-acre lot occupied by Kia Motors was included in the $108.75 million sale. In addition, Dedeaux recapitalized its 111,260-square-foot, state...

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Trammell Crow Developing 1.5-Million-SF Spec Logistics Project in Riverside

February 14, 2017 | 2:07 AM PST

Washington Capital Management Inc., advisor to property owner Operating Engineers Pension Trust Local 12, has tapped Trammell Crow Co. (TCC) to build a three-building, 1.46 million-square-foot industrial development in Riverside's Hunter Park. The speculative Columbia Business Park project will be developed in phases starting with the construction of a 1 million-square-foot distribution center on 46 acres and grading, site work and design for the...

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Golden Corral Leases 13,000 SF in Ontario

February 7, 2017 | 2:02 AM PST

Golden Corral Restaurants signed a 15-year lease for 12,936 square feet in the Vineyard Freeway Center at 1640 E. 4th St. in Ontario, CA. The Vineyard Freeway Center totals 146,147 square feet and was built in 2001 on 5.7 acres in the Airport Area submarket of Inland Empire. The buffet-style restaurant will take occupancy of its new space in April. Paul Su of Progressive Real Estate Partners represented both the tenant and the landlord in lease...

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MG Properties Group Acquires Santa Rose Apartment Homes

February 5, 2017 | 10:12 PM PST

Western National Group sold the Santa Rosa Apartment Homes at 36491 Yamas Dr. in Wildomar, CA for $74.5 million, or about $233,000 per unit, to MG Properties Group. The 321,056-square-foot multifamily community delivered in 2008 on 20.2 acres in Riverside County. It consists of 320 luxury apartment homes offering a variety of one-, two- and three-bedroom units averaging 1,000 square feet in a low-density, two-story walkup layout. The asset was...

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