CoStar's People of Note (May 13-19)
This week's People of Note includes the following markets: Austin, Chicago, Houston, New York City, Philadelphia, Phoenix, San Antonio and Washington, DC. AUSTIN Transwestern Expands Investment Services Group By Dennis Bozzell Transwestern’s Central Texas region added Leah Gallagher as managing director for the firm's investment services group in Austin. Gallagher’s duties will include representing major institutional, government and private...

Posted on 17 May 2012 | 6:59 pm

Regency Trades Rocklin Shopping Center for $18.4M
Regency Centers Corp. sold Stanford Ranch Village in Rocklin, CA, to Stockbridge Capital Group LLC for $18.46 million, or approximately $212 per square foot in a triple-net leased investment. The 86,935-square-foot center is at 2321-2351 Sunset Blvd. and is on four parcels for a total of 9 acres. The property is anchored by Bel-Air Supermarket. The complex was 96 percent leased at the time of sale. Andy Sinclair of Palmer Capital Inc. represented...

Posted on 16 May 2012 | 7:25 pm

Kennedy Wilson JV Pays $64M for Capitol Towers
Kennedy Wilson led an investment group in the acquisition of the Capitol Towers multifamily complex at 1500 Seventh St. in Sacramento for $64 million. The Bond Cos. was the seller. The purchase was funded with $50 million in financing from HFF/Freddie Mac. Kennedy Wilson provided 50 percent of the deal's equity. The 409-unit apartment community has 203 units in one 15-story tower and 206 villa units surrounding the tower. The villa portion is...

Posted on 14 May 2012 | 6:22 pm

Rain Tree Apts. in Folsom Trade for $2.8 Million
Private investors traded the Rain Tree Apartments in Folsom, CA, for $2.84 million, or about $109,231 per unit. The 26,672-square-foot multifamily complex at 1000 Sibley St. was constructed in 1968 and has 26 apartment units. The property was 100 percent occupied at time of sale. Peter Flis, Eric Price and Ryan DeMar with Marcus & Millichap represented both sides. Please see CoStar COMPS #2291282 for more information on this transaction.

Posted on 8 May 2012 | 8:47 pm

Jones Lang LaSalle Appoints New EVP
Jones Lang LaSalle appointed Robert Taylor as executive vice president in the firm’s new Stockton office. Taylor specializes in industrial real estate, providing brokerage services and advisory to tenants and landlords. He holds more than 5 million square feet of landlord listings in the Central Valley. The 28-year commercial real estate professional was previously with Buzz Oates Group of Cos., a commercial development firm, where he opened and...

Posted on 8 May 2012 | 8:12 pm

In The Pipeline: CoStar Development & Construction News for May 6 - 12
In The Pipeline is a column on significant acquisitions of commercial land for sale, and other transactions and trends affecting office, industrial, flex, multifamily, mixed-use, hotel and public works developers. Send us news leads about your new commercial real estate project -- and sign up to be added to our distribution list to receive future In the Pipeline columns by e-mail. Amazon To Add New Distribution Centers In CA Amazon.com, already...

Posted on 8 May 2012 | 5:34 am

Los Rios Community College Buys Office Bldg.
Los Rios Community College purchased 1788 Tribute Road in Sacramento, CA, from Ksidakis Family Trust for $2.5 million or $87.50 per square feet. The three-story office building was built in 1990 and totals 28,572 square feet on about 1.19 acres. Adam Nelson and Ali Nadimi of CBRE represented the seller and the buyer was represented by Mike Louie of Brown, Stevens, Elmore & Sparre. For further details please refer to CoStar COMPS #2301553...

Posted on 6 May 2012 | 6:45 pm