Historically equity has been the component of a real estate borrower’s capital stack that has been the most challenging to procure. This capitalization reality often dictated more leverage as equity was expensive and diluted the real estate entrepreneurs take home profit.
Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm has acquired a 276-unit multifamily community in Fort Collins, Colorado from Milestone Development Group. The property was built in 2018.
Newport Beach-based Buchanan Street Partners divested a 51,690-square-foot office building in San Diego’s Sorrento Mesa submarket for $20.6 million, or $398-per-square-foot. Located within Cornerstone Heights Corporate Center, the building at 6059 Cornerstone Court West is 100% leased to San Diego-based Verimatrix.
A Los Angeles-based private buyer paid $20.6 mil for a 51.7k sf ($398/sf) office building in San Diego’s Sorrento Mesa area. The property was sold by real estate investment management firm Buchanan Street Partners.
Buchanan Street Partners based in Newport Beach sold the 51,690 square-foot building at 6059 Cornerstone Court West to a private investor who was not identified.
Buchanan Street Partners, a Newport Beach, California-based real estate investment management firm, has completed the disposition of a 51,690-square-foot office building at 6059 Cornerstone Court West in San Diego, California for $20.6 million, or $398 per square foot.
Buchanan Street Partners is proud to share that Buchanan Children’s Charities provided $5,000 to the Boys & Girls Clubs of Huntington Valley. This organization was selected as they were the only Boys & Girls Club in Orange County to keep their doors open from the onset of the COVID-19 pandemic.
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.
