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Author Archive

Good

Friday, June 29th, 2007

If you are searching for a commercial property to buy in the U.S. or are looking for a place to list one you are selling, consider checking out LoopNet. This website currently has over 475,000 properties For Sale and For Lease. There are over 500+ commercial properties for sale in the Las Vegas area alone. [...]

Looking

Thursday, June 28th, 2007

Are you building or do you own a three or four star hotel and need funding? If so, you may want to consider talking to GE Real Estate. The company which is the real estate arm of General Electric Co. has about $60 billion invested globally in real estate. In North America, it has an [...]

VRP

Thursday, June 28th, 2007

New York-based VRP Spanish Oaks LLC purchased the Spanish Oaks Apartments for $18.65 million. The seller, Portico Spanish Oaks LLC based in San Francisco, sold the complex for approximately $86,343/unit, with a 6.1% cap rate at time of sale. Located at 2301 S. Valley View Blvd., the 216-unit, two-story apartment complex totals 148,608 square feet [...]

Torrey

Wednesday, June 27th, 2007

Torrey Springs Apartments, a 320-unit apartment, which sits on 9.14 acres and is located at 2200 N. Torrey Pines Dr. sold last month for $27.74 million, or $86,300 per unit. The complex built in the late 1980s was owned by Stan Goldfarb of Toronto. The buyer is Prime Property Capital of San Francisco. The transaction [...]

$4.8B

Monday, June 25th, 2007

Last week, the Echelon Place officially got under way. Located south of Circus Circus, the 87-acre development is expected to hold approximately 5,000 hotel rooms, 750,000 sf of convention and meeting space, 300,000 sf of retail, two live entertainment venues, 30 dining and nightlife venues and a 140,000-sf casino. The total estimated development cost is [...]