By Ken Robertson: I, like you, have been inundated with economic data...opinion pieces from prognosticators...predictions from economists and nonstop news feeds. Yes, the virus has shaken the world with everyone hitting the pause button. What should we believe from this headline news? How should we make investment decisions going forward?...
Buchanan Street Partners recently purchased a 2-building, 42,697-square-foot office investment for $11,500,000. The buildings are located at 1400 & 1420 Bristol Street North in Newport Beach, CA. Combined, the two buildings are currently 100% leased with below market rents.
Buchanan Street Partners has purchased Newark Tech Park, an office and life sciences asset in Newark. New York-based Time Equities sold the property for $26.2 million.
Buchanan Street Partners has acquired a 99K SF Newark, California, complex for $26.2M, or about $262 per SF, with plans for significant upgrades to meet local life science and tech demand, the company said Tuesday.
Buchanan Mortgage Holdings has closed a $55 million loan for construction of The Orchard, a mixed-used residential and retail development in Azusa, approximately 20 miles east of Los Angeles. The borrower, Serrano Development Group, will use the loan to construct 163 market-rate apartments and 31,700 square feet of retail space.
Two loans totaling more than $130 million were announced for multifamily properties in Paramount and Azusa last week. A $76.3 million loan was granted for The Enclave, a 306-unit multifamily building at 13801 Paramount Blvd. in Paramount.
Buchanan Street Partners purchased Kirby Interchange, a 293,000-square-foot, eight-building flex/office project in Houston, TX. The property, which is 80% leased, was sourced off-market and is located three miles south of Texas Medical Center, which is the largest medical center in the world.
The property is a transit-oriented development that will anchor downtown Azusa at the corner of N. Azusa Ave and historic Route 66. The site offers walkable access to the Azusa Pacific and Citrus Colleges, as well as the Downtown Metro Goldline, which is a 45-minute public transit commute to Downtown...