California Capital & Investment Group
HOME COMMERCIAL BROKERAGE DEVELOPMENT PROPERTY MANAGEMENT CONTACT US


April 28, 2016
 Petherbridge to Assume Role of President and CEO of Excel Trust
San Diego-based Excel Trust has selected current DDR Corp. treasurer and CFO Luke J. Petherbridge as the firm's new president and CEO. Petherbridge will head up a retail-focused REIT that oversees more than 80 open-air, power and grocery-anchored shopping centers comprising 19 million square feet predominantly in California, Texas, New York and Florida. Acquired by a fund managed by Blackstone Real Estate in 2015, Excel Trust operates within...
Read More >  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April 28, 2016
 CoStar's People of Note (Apr. 29)
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: Washington DC, New York City, Dallas / Ft. Worth, Northern New Jersey, South Florida, Boston, Chicago, Cincinnati, Detroit / Grand Rapids, Portland, Inland Empire, Los Angeles and Houston. WASHINGTON DC Hilton Appoints RLJ Exec to President, CEO of Hotel REIT By Bryce...
Read More >  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April 25, 2016
 UPS Fully Leases 297,050-SF Redevelopment Project in Hayward
DCT Industrial Trust (NYSE: DCT) has signed the United Parcel Service (NYSE: UPS) to a full occupancy lease at the company's redevelopment project at 22290 Hathaway Ave. in Hayward, CA. Built in 1965, the 394,097-square-foot facility is being reduced by roughly 100,000 square feet to 297,050 square feet to improve functionality. The property features 27 dock high doors, two grade-level doors, ESFR sprinkler system, 2.5% skylights, column spacing...
Read More >  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April 24, 2016
 SF-Based Private Equity Firm Expands Multifamily Holdings in East Bay
A real estate private equity company headquartered in San Francisco purchased the Manon Arms apartment community at 27404-27467 Manon Ave. in Hayward, CA for $8.3 million, or approximately $231,000 per unit. Built in 1964, the two-story apartment building totals 38,941 square feet. The unit mix is comprised of 36 three-bedroom/two-bathroom units. Steve Pinza of The Pinza Group in Walnut Creek served as dual agent in the transaction. For more...
Read More >  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April 25, 2016
 Bay Apartment Advisors Lands Lake Park Community in Oakland for $15 Million
Bay Apartment Advisors expanded its local multifamily portfolio with the firm's purchase of the 66-unit Lake Park Apts. at 1565 Madison Street in Oakland, CA for $15 million, or about $227,000 per unit. Built in 1965, the four-story apartment building totals 52,637 square feet. The unit mix is comprised of 62 one-bedroom/one-bathroom units and four two-bedroom/two-bathroom units. Nathaniel Reinke brokered the transaction in-house. Please...
Read More >  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
April 25, 2016
 Affordable Housing Development Corp. Sells 115-Unit Antioch Community
Levy Affiliated Holdings purchased 1000 Claudia Court in Antioch, CA for nearly $7.9 million, or about $69,000 per unit. Built in 1972, the two-story Casa Blanca complex totals 99,036 square feet. The unit mix is comprised of 74 one-bedroom/one-bath units, 30 two-bedroom/one-bath units and 11 two bed-room/two bath-units. Jeff Kunitz of CBRE in Seattle represented the seller. Please reference CoStar COMPS #3567472 for more information on...
Read More >  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------