Find Real Estate Agents and Homes for Sale


Real Estate News --> Nevada News

CIP Real Estate Announces $273 Million in Real Estate Transactions in 12 Months


Founded in 1995, CIP Real Estate owns and manages more than 4 million square feet of quality real estate projects throughout California, Nevada and North Carolina.


Archived Story

Date 2/7/2018 12:35:15 PM (function (d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); } (document, 'script', 'facebook-jssdk')); Tweet on Twitter (MENAFN Editorial) NEWPORT BEACH, Calif., Feb07, 2018 (GLOBE NEWSWIRE) -- , a full-service commercial real estate investment and management firm, today announced it completed in excess of $273 million in commercial real estate transactions from January 2017 to dateThe robust activity includes six dispositions totaling $246 million across California, Nevada and North Carolina, in addition to the $27.1 million acquisition of a Northern California business parkThe company also announced aggressive plans to invest $150 million in strategic acquisitions for its commercial portfolio in 2018 'After being a highly active net seller in 2017, CIP Real Estate is gearing up to invest $150 million in commercial assets this year,' said Eric CSmyth, principal of CIP Real Estate'We are currently pursuing quality business and industrial parks, along with targeted office assets, and will employ our value-add acquisition strategy to maximize ROI and upside for our investors.' Kicking off its acquisition activity, CIP Real Estate recently completed the $27.1 million purchase of Eden Landing Business Park in Hayward, CaliforniaOriginally built by Don Koll, the multi-tenant flex industrial park comprises 195,000 square feet next to the San Mateo Bridge in the East BayThe firm will complete a $2 million renovation to re-branding and repositioning the propertyCIP Real Estate purchased the asset in a joint venture with – the two companies' 22nd joint-venture since 1998 and its first real estate transaction completed together in Northern CaliforniaThe joint-venture represented itself and CBRE's Darla Longo, Barbara Emmons, Rebecca Perlmutter, Bob Ferraro and team represented the seller in the transaction CIP Real Estate's recent dispositions include four projects within Southern California: The $76.5 million sale of Empire Towers I-IV, four class A office buildings comprising about 400,000 square feet at the Ontario International Airport in Ontario, CalifKevin Shannon and Ken White and team of Newmark Knight Frank represented CIP Real Estate in the sale The $26.7 million sale of Centerpointe, in Irvine, Calif., four class B office buildings consisting of approximately 105,000 square feet within the Irvine Business ComplexBob Griffith of Newmark Knight Frank and Brian Garbutt of Lee & Associates represented CIP Real Estate in the sale The $17.3 million off-market disposition of Mercury Tech Center to a private client of CIP Real Estate; the project consists of an 80,000-square-foot, six-building flex industrial park located in the Kearny Mesa sub-market of San Diego, Calif The $12 million recapitalization of Summit Business Center, a 138,000-square-foot, five-building office flex park located in Riverside, Calif CIP Real Estate also completed three disposition transactions outside of California in the past year: The $92 million sale of 13 mid-bay industrial, flex, and office buildings comprising approximately 671,000 square feet within the premier Las Vegas business address of Hughes Airport CenterCBRE's Darla Longo, Todd Tydlaska, Barbara Emmons Perrier, Kevin Higgins, and Garrett Toft and team represented the seller, a joint venture of Oaktree Capital and CIP Real Estate The $5.5 million sale of a 32,000-square-foot office building also within Hughes Airport CenterThe building is 100% leased to Scientific Gaming (formerly Bally's Gaming)The Higgins/Toft team at CBRE represented CIP and Colliers' Taber Thill and team represented the buyer, an affiliate of Scientific Gaming, in the transaction In the firm's final disposition, a private off-market deal, CIP Real Estate sold the $15.9 million Charlotte Commerce Center, a 167,000-square-foot multi-tenant flex industrial park in Charlotte, North Carolina, owned in joint venture with AlexBrown Realty 'We will continue to complete dispositions this year as the investment cycle of some of our key assets are completed,' added Smyth'In all, we hope to dispose of an additional $100 million in commercial assets, whose value we have maximizedThis capital will help fuel the acquisitions we make this year and in the future.' About CIP Real Estate is a full service real estate investment and management company focused on the acquisition, development, repositioning and management of office, business and industrial parksFounded in 1995, CIP Real Estate owns and manages more than 4 million square feet of quality real estate projects throughout California, Nevada and North Carolina Rebecca Hall IDEA HALL 714-263-8724 MENAFN0702201800703653ID1096441817 Tags Comments No comment Category Business/Finance Oil & Energy Real Estate/Construction Date 2/7/2018 AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({});   Most popular stories   Day | Week | Month window.onload = function () { GetPopularStorys("#pop1", "0", "L"); }; function loadDoc(page_link) { var xhttp = new XMLHttpRequest(); xhttp.onreadystatechange = function () { if (this.readyState == 4 && this.status == 200) { document.getElementById("div_mostPop").innerHTML = this.responseText; } }; xhttp.open("GET", page_link, true); xhttp.send(); } function GetPopularStorys(MyID, d, t) { var page_link = ""; if (MyID == "#pop1") { page_link = "/includes/popularStoriesByDate.aspx?pop=0&d=" + d + "&t=" + t; } else if (MyID == "#pop7") { page_link = "/includes/popularStoriesByDate.aspx?pop=7&d=" + d + "&t=" + t; } else if (MyID == "#pop30") { page_link = "/includes/popularStoriesByDate.aspx?pop=30&d=" + d + "&t=" + t; } else { page_link = "/includes/popularStoriesByDate.aspx?pop=0&d=0&t=L"; } loadDoc(page_link); } AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({}); AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({}); More Stories Angel Investor Mahesh Murthy arrested in stalking and harassment case... Emiratis hail growing UAE-India ties... Canada Change in Employment Falls for First Time Since July 2016... Apple HomePod is already losing the smart speaker battle... Silva half-century puts Lanka on top... UAE- Facebook starts testing downvote button... Dubai Municipality offers privileges for companies owned by people of ... Dubai Ports-Jammu Kashmir govt signs MoU for establishing dry port, MS... Austrian president to visit Ukraine in March... Financial supervisor speaks of problem loans in Azerbaijan... Danish prince cuts short Olympics visit to be with ill father... China to develop sea-based missile interceptors... Transport Minister hopes to remove Kyrgyz airlines from EU's black lis... USD/CAD Extends Bullish Sequence as Canada Employment Contracts 88.0K... Wenger calls for cool heads City face Foxes... jQuery(document).ready(function() { Update_me(30,'HomeEn_MoreStorieshtml'); }); Newsletter Daily English Daily Arabic All AdvimgBanner=0; (adsbygoogle = window.adsbygoogle || []).push({}); World and Middle East business and financial news, Stocks, Currencies, Market Data, Research, Weather and other data. Email: Tel: +962 6 5690450 About Terms of Service Privacy Policy Contact Us Advertise About MENAFN Jobs Feedback Newsletter Daily English Daily Arabic All Social Link Facebook Twitter Google Plus Daily Email Linkedin RSS

Trending Nevada News:


  • Nevada home sales continue to decline as prices rise
  • Sparks, NV Homes For Sale & Real Estate
  • Why deadbeat debtors have been able to stiff Nevada
  • Dickson Realty Convenes at Real Estate Summit
  • NHP and MADD team up to keep Nevada highways safe
  • Don’t rule out another bursting real estate bubble
  • Trump’s ventures have long fueled business, controversy in Nevada
  • School boards are inefficient, nonproductive
  • Fanatics Leases 400,000 SF at Northgate Distribution Center in North Las Vegas
  • Nevada suffers setback on foreclosure rate
  • Stocking up: Nevada dispensaries prepare for legal pot sales
  • ‘Realtor mom’ has seen it all in Las Vegas market
  • Plane crashes near stands at Nevada air races
  • Nevada real estate brokers first to have access to online license renewal
  • Buyers still call shots in Southern Nevada commercial real estate market
  • Barnes earns Certified Investor designation
  • Family of Vegas Shooting Victim Seek $45 Million from Gunman’s Estate
  • Nevada remains No. 1 in foreclosures
  • Lake Tahoe Lakefront Luxury Homes Real Estate For Sale Brokers Listings Launched
  • U-Haul buys former Tyson plant in Buffalo