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IRVINE, Calif., April 5, 2021 /PRNewswire/ Shopoff Realty Investments ( Shopoff ), a national manager of opportunistic and value-add real estate investments, announced today that the company has secured a $105 million construction loan from Bank OZK for its I-10 Logistics Center project, located near the I-10 freeway and Cherry Valley Boulevard interchange. The project is a joint venture partnership between Shopoff Realty Investments and Artemis Real Estate Partners. This project represents one of the few opportunities to develop much-needed logistics product in Southern California, explained Shopoff Realty Investments President and Chief Executive Officer William Shopoff. We believe this state-of-the-art logistics center with I-10 freeway access will be in high demand as users continue to require large buildings to meet demand.
SmartStop REIT Advisors Partners with Pacific Oak Capital Markets as Dealer Manager
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SmartStop Self Storage REIT, Inc. Logo (PRNewsfoto/SmartStop Self Storage REIT, In)
Pacific Oak Capital Markets is a wholesaler and managing broker-dealer for alternative investment offerings. For additional information, please visit pacificoakcapitalmarkets.com
LOS ANGELES, March 11, 2021 /PRNewswire/ SmartStop REIT Advisors, LLC, an affiliate of SmartStop Self Storage REIT, Inc. (SmartStop), a self-managed and fully-integrated self storage company, announced today that they have partnered with Pacific Oak Capital Markets LLC, to serve as the dealer manager for potential investment offerings the firm may sponsor.
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IRVINE, Calif., March 1, 2021 /PRNewswire/ Shopoff Realty Investments ( Shopoff ), a national manager of opportunistic and value-add real estate investments, announced today that James O Malley has been promoted to the role of Senior Vice President – Forward Planning for the firm, and will now lead the Development team under Executive Vice President – Real Estate, Brian Rupp. Over the past five years, James has become an integral part of the development team and has proven a true champion for Shopoff s development projects, explained Shopoff Realty Investments President and CEO William Shopoff. Spearheading many of our noteworthy projects, such as the Magnolia Tank Farm mixed-use development in Huntington Beach, and the Anaheim South Street townhome development, James efforts and expertise have been a vital component to moving many Shopoff projects across the finish line.
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IRVINE, Calif., Feb. 24, 2021 /PRNewswire/ Shopoff Realty Investments ( Shopoff ), a national manager of opportunistic and value-add real estate investments, announced today that the company has successfully sold 45 acres of raw land in Riverside County to Pulte Homes for $6.5 million. We originally acquired this land from the County of Riverside as a surplus land acquisition, explained Shopoff Realty Investments president and chief executive officer, William Shopoff. Directly adjacent to our Spring Mountain Ranch master-planned community, we realized this land would be best suited for additional homes to benefit this growing area of Southern California.
Shopoff received unanimous approval for the project from Riverside County in 2017, with approvals for 138 single-family homes, a neighborhood park and community trails that will connect to the trails in Spring Mountain Ranch. The Shopoff team then went to work securing necessary off-si
Bear Real Estate Advisors Expands with Addition of Brody Westmoreland as Vice President
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LAS VEGAS, Feb. 9, 2021 /PRNewswire/ Bear Real Estate Advisors, a real estate investment services firm, announced today that the firm has expanded its team with the addition of Brody Westmoreland as vice president. Brody brings not only industry knowledge and a fresh strategic approach to our firm, but also an unparalleled passion and ability to create partnerships and long-lasting relationships, said Matt Bear, founder and chief executive officer. We are thrilled that Brody has joined Bear Real Estate Advisors and are eager to have him help us continue to provide our clients with custom, comprehensive real estate investment services.