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In The News

REBusiness Online – Buchanan Street Partners Buys The Vibe Apartments in Fort Collins from Milestone Development Group for $74M

FORT COLLINS, CALIF. — Buchanan Street Partners has purchased The Vibe Apartments, a multifamily community located at the south end of Fort Collins. Milestone Development Group sold the asset for $74 million.

REBusiness Online – Buchanan Street Partners Divests of Office Building in San Diego for $20.6M

Verimatrix occupies the 51,690-square-foot office building at 6059 Cornerstone Court West in San Diego. SAN DIEGO — Newport Beach, Calif.-based Buchanan Street Partners has completed the disposition of an office building located at 6059 Cornerstone Court West in San Diego.

RENTV – Buchanan Street Partners Closes on 276-Unit Res Buy in Colorado

Buchanan Street Partners has acquired The Vibe, a 276-unit multifamily community in Fort Collins, CO. The property, built in 2018, was sold by Milestone Development Group in a $74 mil ($268k/unit) transaction.

Times of San Diego – Sorrento Mesa Office Building Sells to Los Angeles Buyer for $20.6 Million

A Los Angeles-based private buyer bought an office building in Sorrento Mesa for $20.6 million, or $398 per square foot. The 51,690 square-foot property, located at 6059 Cornerstone Court West, has been fully leased since 2013 to Verimatrix.

Connect Media – Buchanan Street Partners Divests Sorrento Mesa Asset for Nearly $21M

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.

RENTV – Buchanan Street Partners Divests of Office Building in San Diego for $20.6M

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.

San Diego Business Journal – Sorrento Valley Office Building Sold

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.

Orange County Business Journal – Back to OC Buying for Buchanan Street Partners

Buchanan Street Partners has had a busy start to the year, with transactions including the company’s first Orange County acquisition in six years.

Buchanan Street Partners Acquires Newport Beach Office Investment For $11.5M

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 Acquires Houston’s Kirby Interchange

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.
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