Advertise, Promote, Attend, Create – Work with Connect.
A full service marketing and PR agency.
Meet the team behind the machine and taste a little of the secret sauce.

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Los Angeles  + Retail  | 

Colony Capital Makes $200M Portfolio Buy

Santa Monica-based Colony Capital recently purchased a collection of office, industrial and retail properties from Bank of America for more than $200 million. The 11 buildings, totaling 1.5 million square feet, include three in Los Angeles County, as well as some in Riverside, Sacramento and San Diego.

The assets are about 60 percent leased, and seen as a value-add play by Colony Capital executives. In Los Angeles County, the properties purchased are Catalina Landing, an office park in Long Beach; Commerce Park, an office park in Commerce; and Glendora Plaza, a retail center in that town.

Bank of America had recently taken over the portfolio from Abbey Co. CBRE’s Kevin Shannon brokered the deal for Bank of America.

Connect

Inside The Story

Read More at Los Angeles Business JournalConnect With CBRE's Shannon

About Connect CRE

  • ◦Sale/Acquisition
KidderMathews-04-cube
LeeAssociates-25-cube
Money360-27-cube