Jun 20 2017
MG Properties Group closed on its purchase of the 410-unit Alexan Melrose apartments at 1401 N Melrose Dr for $134 million, or about $327,000 per unit.
Trammell Crow Residential and an investment partner sold the garden-style complex they developed in 2015. The 20-acre property has a unit mix of one-, two-and three-bedrooms and a full amenity package, including a swimming pool and spa, fitness facility and community garden.
In addition, the…
Jun 20 2017
Steve Rosetta has joined Kilroy Realty Corp. in Los Angeles as executive vice president and chief investment officer. He will oversee the firm’s acquisition and disposition activity, focusing specifically on development opportunities and large office and life science transactions.
Rosetta joins KRC from Cushman & Wakefield where he most recently served as a vice chairman and as a member of its Global Advisory Board. During his two decade tenure…
Jun 19 2017
Dick’s Sporting Good signed a 10-year lease for 41,375 square feet of retail space in Pacific Coast Plaza, a freeway-oriented power center with a total GLA of 447,288 square feet at 2110-2160 Vista Way in Oceanside, CA. The sporting good retailer expects to move in this December.
Other tenants in the 20-year-old center include Bed Bath & Beyond, Walmart, Best Buy and Stater Brothers.
Stewart Keith and Bradley Williams of Flocke & Avoyer Commercial…
Jun 16 2017
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: Philadelphia, Chicago, Las Vegas, Washington DC, Portland, Toronto, Milwaukee / Madison, Boston and Los Angeles.
WCRE Promotes Mannino to COO
By Justin Sumner
Anthony Mannino has been promoted to chief operating
Jun 14 2017
First Industrial Realty Trust purchased the Loker Corporate Center industrial facility at 2777 Loker Ave. W in Carlsbad, CA for $21.5 million, or about $174 per square foot, from BLT Enterprises.
The 123,454-square-foot building was constructed in 1990 within the Carlsbad Oaks business park. The property is fully leased to multiple tenants.
Mickey Morera and James Duncan of Kidder Matthews represented the buyer. Ron Jacobson of SD Realty…