| First Soul Community Planet Hotel Set to Open in Colorado Springs
Soul Community Planet (SCP) has opened its first SCP Hotel in Colorado Springs after a nine-month, $6 mil renovation. SCP is a new company focused on holistic hospitality that was formed by Alpha Wave Investors. SCP Hotels is...
| “Value-Add” Bay Area Apartment Property Tops $500k/Unit
A private investor paid $13.6 mil for 10 Birch, a 27-unit ($504k/unit) multifamily community in the highly sought-after Mount Carmel neighborhood of Redwood City. The property is located at 10 Birch St, west of Hwy 101 and El...
| Two-Tenant WA Retail Asset Traded for $16 Mil
A completely renovated, 69.4k sf retail center in Silverdale, WA sold for $16.1 mil ($232/sf). The property, occupied by Best Buy and Party City, was purchased by a national investment entity that specializes in net-leased re...
| Buchanan Street Partners Buys 158k sf of Biz Park Buildings in Henderson, NV
Buchanan Street Partners purchased Green Valley Corporate Center North Tech Park V and VI, four office buildings totaling 158.3k sf that are part of a larger master-planned office park in Henderson, NV. Buchanan Street acquir...
| Investment Group Picks Up Tempe, AZ Office Complex
Tempe City Center, a 162.6k sf office property in Tempe, AZ, was acquired by Tempe CC Hui LLC, and investment entity with buyers who are principally from Hong Kong and Honolulu. The price was not disclosed.
The property, lo...
| Phoenix Office Building Sells for $365/sf
Biltmore RE LLC recently acquired an 8.5k sf, single-tenant office building in Phoenix’s Camelback Corridor in a $3.1 mil ($365/sf) transaction. The Class A building, located 2701 East Camelback Rd, traded in an absolute NNN ...
| Broadreach Capital Partners Places New Financing of $150 Mil on Silicon Valley Office Build-to-Suit
Broadreach Capital Partners has landed $150 mil in financing for 1625 Plymouth, a 245.7k sf, build-to-suit office development located in the North Bayshore submarket of Mountain View. HFF’s Bruce Ganong and Bercut Smith arran...
| Flexport Leases Recently Developed Facility in Compton
San Francisco-headquartered Flexport, an emerging full-service air and ocean freight forwarder, has fully leased a recently developed 136.7k sf industrial facility in Compton. Terms of the lease were not disclosed.
| Inverness Management LLC Buys Sacramento-Area Office Complex
Rocklin Corporate Center, a two-building, 220k sf office complex in Rocklin, was purchased by Inverness Management LLC. Rocklin is situated about 23 miles northeast of Sacramento. The price was not disclosed.
The Class A pro...
| Majestic Asset Management Picks Up 53k sf Office Asset in Warner Center
A 53.4k sf, Class B office property in the western San Fernando Valley’s Warner Center submarket sold for $14 mil, or $262/sf. The two-story building is situated on 2.94 acres of land at 5955 De Soto Ave, at the corner of De ...
| BKM Capital Partners Buys 105k sf AZ Biz Park
BKM Capital Partners recently acquired Diablo Business Center, a 105k sf, light industrial biz park in Phoenix, for $8.1 mil ($77/sf). The nine-building, multi-tenant property, located at 3610-3660 East Wier Ave and 4633-464...
| Argonaut Investments Acquires 148k sf OR Regional Retail Center
In a recent OR retail buy, Argonaut Investments purchased WinCo Plaza, a 147.9k sf regional shopping center in Medford, the state’s fourth largest metropolitan area. The property, located at 259 E. Barnett Rd, was sold by a p...
| Peak Capital Partners Buys 171-Unit Affordable Housing Property in Washington
Peak Capital Partners acquired Ventana, a 171-unit affordable multifamily property in Kent, WA, for $18.85 mil, or $110.2k/unit. The purchase was financed with a $15.1 mil, 10-year floating rate loan provided by Freddie Mac.
| Panattoni Development Starts Work on 232k sf OC Industrial Development
Panattoni Development Company Inc has just broken ground on Orange County Commerce Center, a four-building, 232k sf industrial project situated at the border of Anaheim and Placentia. Panattoni is developing this property in ...
| Emma Capital Investments Spends Over $22 Mil on Phoenix Multifamily Community
Emma Capital Investments Inc has purchased Zazu Apartments, a 184–unit garden style multi-family apartment community in Phoenix, for $22.25 mil ($121k/unit). The property, located at 1502 East Osborn Rd, represents Emma Capit...
| AZ Office Property Sells in $8.8 Mil Deal
A 57.2k sf office property in Mesa, AZ sold for $8.8 mil ($154/sf). Located within Mesa’s Superstition Springs Corridor, the building is located at 1355 S. Clearview Ave, at the northeast corner of South Clearview Ave and Eas...
| AZ Mixed-Use Property Listed for Sale at $25.8 Mil
Institutional Property Advisors (IPA) has been awarded the sales listing for Big Curve Center, a 128.1k sf, mixed-use retail and medical-anchored community center in Yuma, AZ. The price is $25.8 mil with new acquisition finan...
| Mark Moshayedi and Ryan Gallagher Form Space Investment Partners
Mark Moshayedi and Ryan Gallagher have joined forces to launch Space Investment Partners, an Irvine-based commercial real estate operating company. Space Investment Partners, a fully-integrated real estate investment, develop...
| Tower 16 Capital Partners and Henley USA Buy 228-Unit Res Asset in Las Vegas
San Diego-based Tower 16 Capital Partners and Henley USA have partnered to launch Altura, a new brand of multifamily apartment communities in Las Vegas. The partnership made their first acquisition last month, a 228-unit Clas...
| Merlone Geier Partners Spends $30 Mil on Value-Add OC Retail Buy
Merlone Geier Partners has acquired College Plaza Shopping Center in Fullerton from a private investor for $29.7 mil. The 77.3k sf retail property is located at 2400-2520 East Chapman Ave, just west of the 57 Fwy.