| JRK Property Holdings Picks Up 408 Res Units in Arizona
Los Angeles-based JRK Property Holdings Inc completed a multifamily acquisition in Arizona with the purchase of 909 West, a 408-unit apartment complex in Tempe. The asset, located at 909 W. Grove Pkwy, was sold by MG Properti...
| California Investor Pays $13.45 Mil for Phoenix Industrial Property
Desert Gateway II, a two-building industrial project in Phoenix, was sold in a recent $13.45 mil transaction. The 76.9k sf asset was sold by a venture between 36th Street Partners and Cale Enterprises, who built the Class A p...
| T.I. Work Underway on 153k sf AZ Expansion Building for MiTek
Merit Partners has selected Stevens-Leinweber Construction (SLC) as general contractor for a 153.7k sf tenant improvement project at 7506 W. Lincoln St in Tolleson, AZ on behalf of MiTek. The additional space for MiTek is exp...
| DB Capital Management Spends $16 Mil On 46-Unit Denver Res Asset
DB Capital Management has acquired Red Owl Apartments, a 46-unit community in Denver, for $16.2 mil ($352.2k/unit), marking the firm’s entry into the Denver market. Built in 2018, Red Owl Apartments is located at 90 S. Logan ...
| Renovated Industrial Facility in Phoenix Trades
A 110.7k sf industrial property in the highly sought-after Phoenix Sky Harbor submarket was acquired by a global real estate investment advisor. The price was not given out.
Located at 225 S. 51st St, the property is just mi...
| Montecito Medical Real Estate Buys AZ Medical Office Facility
Nashville-based Montecito Medical Real Estate purchased Southeast Valley Gastroenterology & Endoscopy Center, a 20.1k sf medical office facility in Chandler, AZ. The asset was sold by Southeast Valley Gastroenterology (SVEG),...
| LDK Ventures Picks Up Vacant 350k sf Industrial Asset in Boise, Idaho
LDK Ventures has purchased Boise Logistics Center, a vacant, 350k sf industrial building located at 1001 E. Gowen Road in Boise, ID. The transaction was financed with a $19.4 mil loan provided by PCCP LLC, which will also go ...
| Duke Realty to Build Spec Warehouse Facility in Washington
Duke Realty is constructing a new 190k sf logistics warehouse on a redeveloped nine-acre site at 1510 Puyallup Street in Sumner, WA. Named Duke Sumner Logistics Center, the property is being developed on a spec basis in the K...
| Nakhshab Development & Design Obtains Refi Loan on San Diego Res Project
Nakhshab Development & Design (NDD) has secured a $10.25 mil refi loan for Truax Lofts and Truax House, a newly constructed, 36-unit, modern residential community built with eco-friendly materials in San Diego’s Bankers Hill ...
| Cypress West Partners Picks Up a Pair of Medical Office Assets in Phoenix
Cypress West Partners has purchased two single-story medical office buildings located at 2264 and 26232 North Tatum Blvd in Phoenix. Known as Tatum Highlands Medical and Dental, the buildings, at 87% occupied, encompass a 27....
| Burbank Apartment Portfolio Trades for First Time in Over 30 Years
An 84-unit apartment portfolio in Burbank was purchased for $31.25 mil, or $372k per unit. The portfolio consists of two 42-unit apartment buildings just two blocks from each other in the heart of the city.
The three-story a...
| New Retail Center Completed by Primestor at Redeveloped Mixed-Use Community in South Central L.A.
Freedom Plaza, a brand-new neighborhood center that is the retail element of the Jordan Downs mixed-use development in Watts, a city in South-Central Los Angeles, has been completed. The 114.4k sf project, developed by Primes...
| DTLA’s Union Bank Plaza Nominated as a Historical Landmark by the Los Angeles Conservancy
Union Bank Plaza (UBP), a 701.9k sf, 40-story, office tower and retail plaza in Downtown Los Angeles, was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los A...
| Pathfinder Closes $18 Mil Multifamily Buy in Colorado
Pathfinder Partners has purchased Highlands at Red Hawk, a 56-unit apartment community in the affluent submarket of Castle Rock, just south of Denver, CO. Red Hawk, acquired for $18.2 mil ($325k/unit), is Pathfinder’s 11th Co...
| Los Angeles Buyer Spends Over $8 Mil on OR Self-Storage Property
Los Angeles-based Trojan Storage paid $8.3 mil for Hawthorne Mini Storage, a 654-unit self-storage facility in Salem, OR. The facility also offers covered RV and boat parking spaces.
Located at 1241 Hawthorne Avenue NE, the ...
| Acquisition of Two SoCal Properties Financed with $28.3 Mil Loan
An unnamed, high-net-worth investor has obtained $28.3 mil in financing for the purchase of two SoCal properties, one a medical office building in Tustin, and the other an industrial property in San Diego. The assets had a co...
| Latest Building Completed at Research Forest Lakeside Office Complex in Texas
Construction has been completed on Research Forest Lakeside’s Building 9, a six-story, 134.9k sf, LEED Silver office building located at 9707 Lakeside Blvd in The Woodlands, TX. The property is owned by JD Warmack Woodlands L...
| Renovated Phoenix Office Asset Traded in $16.75 Mil Transaction
The Fordham office complex, a 90.7k sf office property in Phoenix, sold for $16.75 mil, or $185/sf. The asset consists of two multi-tenant office buildings located at 1430 and 1440 E. Missouri Ave. The property was 92% leased...
| New 145-Room Glendale Marriott Residence Inn is Finished
Glendale Marriott Residence Inn, a new, 145-room mission-style hotel in Glendale, has been completed. The project was built by R.D. Olson Construction on behalf of R.D. Olson Development. Project partners include architecture...
| Phoenix Office Complex Purchased for $16.75 Mil by Cloud Peak Development
Cloud Peak Development LLC, based in Billings, Montana, paid $16.75 mil for Paradise Valley Plaza, a 100.2k sf ($167/sf) office complex in Paradise Valley (Phoenix), AZ. The property, which consists of three two-story buildin...