Apartment Operator Refinances Southern California Properties
SAN DIEGO-Universe Holdings Development Co. has secured more than $56 million in refinancing for nine multifamily properties in Southern California.
Woodland Rite Aid and Sacramento Walgreens Change Hands
SACRAMENTO-A Northern California family trust has paid over $16 million to acquire a Rite Aid store in Woodland and a Walgreens store in Sacramento in 1031 exchange transactions.
Ellis Partners Acquires Roseville Office Properties
ROSEVILLE, CA-Hines U.S. Core Office Fund has sold a nine-office building portfolio located along Douglas Boulevard in Roseville to Ellis Partners for an undisclosed price.
Kilroy Closes Sale of Industrial and Office Properties
LOS ANGELES-Kilroy Realty Corp., a real estate investment trust based in Los Angeles, has sold its two small office projects and entire industrial portfolio for a total price of $355 million.
San Jose Retail Trophy Asset Goes to NY Buyer
SAN JOSE-The property, located at 635 W. Capitol Expressway, is said to have set a new national sales record for the big-box retailer-occupied property with an aggressively low closing cap rate of 4.68%.