Unire Real Estate Group Celebrates 20 Years in Business; Griffin Cogorno Named President
Unire Real Estate Group, one of the top asset service providers in Southern California, appointed Griffin Cogorno as president. Former president and founder of Unire Group Mark Harryman will continue his company involvement as CEO.
As president, Cogorno will lead and manage the company’s unique client-driven approach, providing services for the group’s portfolio, which includes 50 million square feet and more than $10 billion in assets under management. Since he joined Unire Group in 2014 as Vice President of Client Services, Cogorno achieved his goal of significant measured growth while maintaining excellent service levels, having almost doubled the size of its managed portfolio.
Waterford Property Company Expands into Arizona
Waterford Property Company, an owner-driven diversified real estate investment and development company, has announced its expansion into Arizona, capitalizing on the strength of the state’s economy. The new office will open under the direction of Scott Scharlach. In his role as partner, Scharlach will be responsible for all aspects of the Arizona region for Waterford Property Company including acquisitions, asset management, leasing and sourcing both debt and equity capital.
Avison Young Announces $2.25 Million Acquisition for Thinkwise Credit Union
Avison Young completed the $2.25 million acquisition of a vacant, 18,275-square-foot commercial building located at 599 North E Street in the heart of the downtown civic center area of San Bernardino. The property will be used as the headquarters and primary store for Thinkwise Credit Union (CU), a financial organization with membership open to educational employees and immediate family members of San Bernardino, Orange and Riverside counties including colleges, universities, school districts, parochial and charter schools. Avison Young Principal Hayden Eaves, along with Kristen Sullivan and Matt Spear who are all based out of the firm’s downtown Los Angeles office, represented the buyer, Thinkwise CU. The seller was a private investor from Orange County.
Newmark Knight Frank Arranges Sale of Two Industrial Buildings Totaling 733,819 Square Feet in Camarillo, Calif. for $88 Million
Newmark Knight Frank (NKF) announced the sale of two free-standing industrial buildings in Camarillo, CA for a total of $88 million. The seller, STAG Industrial Inc. (STAG), was represented by NKF’s Executive Managing Director John DeGrinis and Senior Managing Directors Patrick DuRoss and Jeff Abraham. STAG is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. STAG purchased the building in 2014 for a combined price of $54.5 million. DeGrinis, DuRoss and Abraham, along with Co-Head of U.S. Capital Markets Kevin Shannon, Executive Managing Director Jim Linn, Executive Managing Director Bret Hardy and Executive Managing Director Andrew Briner of NKF also represented the buyer, an undisclosed Southern California-based real estate investment and development company.
PCCP LLC and Kairoi Residential Acquire 326-Unit TX Res Asset
A joint venture between PCCP LLC and Kairoi Residential has acquired Boulevard at Sonterra, a 326-unit garden-style multifamily property located at 210 E Sonterra Blvd in the Stone Oak submarket of San Antonio, TX. The buyer plans to execute a value-add business plan that capitalizes on the asset’s strong location, renter base and positioning within the submarket.
CBRE Group, Inc. Named Top Real Estate Brand in Lipsey Survey for 19th Consecutive Year
CBRE Group, Inc. (NYSE:CBRE) has been named the top global brand in commercial real estate by The Lipsey Company. This is the 19th year in a row CBRE has achieved this recognition. CBRE’s development services subsidiary, Trammell Crow Company, was the top-ranked development company for the third consecutive year.
Irvine Company Signs Five New Leases Totaling Nearly 26,000 Square Feet
Irvine Company announced five new leases at Centerside, another sign of the strong leasing momentum at the vibrant workplace community in the heart of Mission Valley that features bold 13 and 16-story towers. Occupying a combined total of nearly 26,000 square feet at Centerside I – 3111 Camino del Rio North, the five customers are: SGPA Planning & Architecture; Fairway Independent Mortgage Corporation; Horrocks Engineers, Inc.; Pearlman Brown & Wax, LLP; and Anser Advisory, LLC.
Gantry Acquires Norris, Beggs & Simpson’s Mortgage Banking Production and Servicing Platform in Portland, OR and Seattle, WA
Gantry, the nation’s largest independently owned commercial mortgage banking company and formerly Newmark Realty Capital, Inc., completed the acquisition of Norris, Beggs & Simpson’s commercial real estate mortgage banking group which includes production and servicing offices in Portland, OR and Seattle, WA. The acquisition allows Gantry to enter the Portland market and expands its existing operations in Seattle. Gantry also has offices in San Francisco, Los Angeles, Orange County, Phoenix, Las Vegas, Spokane and Buffalo, NY. Joining Gantry as new partners from Norris, Beggs & Simpson are Blake Hering and Paddy Ryan in Portland and Michael Wood in Seattle. The additions would boost combined 2019 new loan volume to more than $4 billion.