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September 17, 2019
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• TX Medical Office Building Trades
8/22/19
Town Center Medical, a Class A building totaling 29.8k sf in Sugar Land, TX, was sold. The property, located at 16545 Southwest Fwy, is directly across from Houston Methodist Sugar Land Hospital, a 319-bed general acute care ...
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• Two Bay Area Multifamily Properties Trade in Deals Totaling Over $23 Mil
8/22/19
We’ve got two recent Bay Area multifamily sales with a combined price tag of $23.4 mil to report. One of the deals was in the East Bay, while the other was in Silicon Valley. In the larger of the transactions, Terra Castro V...
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• Draftsmen & Craftsmen
8/21/19
Work has been completed on AC Hotel Los Angeles South Bay, a 98.7k sf, six-story hotel in the heart of El Segundo’s business district. The project is a development of Welcome Group Inc and was built by R.D. Olson Construction...
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• Passco Buys 384-Unit Multifamily Property in Texas
8/20/19
Passco Companies has acquired Boterra Bay Apartments, a Class A, 384-unit multifamily community in Baytown, TX. The price was not disclosed. “While we’ve been bullish on the greater Houston area for some time due to its soli...
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• Lifestyle Res Complex Opens in Murrieta
8/19/19
Mitchell Place, a 230-unit, lifestyle apartment community in Murrieta, has been completed and has opened to the public. The new gated neighborhood, a development of MBK Rental Living, consists of 78 flats and 152 townhomes wi...
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• Trammell Crow Company to Build Spec Office Project in Scottsdale Airpark Submarket
8/16/19
Trammell Crow Company (TCC) Phoenix has unveiled plans for its newest development, Axis Raintree. The Scottsdale, AZ project will include a 175k sf, three-story, Class A speculative office building with a structured garage. C...
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• Prologis Pays $41 Mil for 11-Acre Site in Commerce
8/16/19
Prologis has purchased an 85k sf industrial facility set on 11.24 acres in Commerce for $41 mil. The property is located at 2420 Yates Ave, close to a densely populated area. Kidder Mathews commercial real estate brokers, J...
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• Pathfinder Partners Closes $20.7 Mil Value-Add Buy in Colorado
8/15/19
In what is viewed as a value-add multifamily buy, Pathfinder Partners paid $20.725 mil for The Station, a 97-unit ($214k/unit) community in Littleton, CO, a suburb of Denver. Constructed in 1983, the property is located at 21...
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• Ribbon Communications Takes 110k sf at TX Biz Campus
8/14/19
Ribbon Communications has signed a long-term lease for 110k sf of space at the Legacy Central campus in Plano, TX. Terms of the lease were not disclosed. Legacy Central is a 950k sf, Class AA campus spanning 85 acres at the ...
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• Neighborhood Center in the Conejo Valley Trades for $18 Mil
8/12/19
Conejo Gateway, a 47.3k sf neighborhood retail center in the Conejo Valley, sold for $18 mil ($380/sf). The center is located at 701 Wendy Dr, just off the 101 Fwy in the Newbury Park area of Thousand Oaks. The neighborhood ...
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• Unique Property in Downtown Hermosa Beach Sells for $775/sf
8/12/19
The Bijou Building, a 23.2k sf, three-story mixed use office/retail building located in downtown Hermosa Beach, traded hands in a recent $18 mil ($776/sf) transaction. The property is located at 1221 Hermosa Ave, just one blo...
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• CapRock Partners Buys 226k sf AZ Industrial Asset in a Venture with CenterSquare Investment Management Client
8/08/19
CapRock Partners, in a venture with an institutional client advised by CenterSquare Investment Management, purchased Papago Distribution Center, a 226.4k sf, Class A industrial property in Phoenix, AZ. The price was not discl...
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• BKM Capital Partners Completes WA Industrial Buy
8/07/19
In a recent $14.7 mil industrial buy out of the Pacific Northwest, BKM Capital Partners has acquired Federal Way Industrial Portfolio, a two-property portfolio consisting of eight buildings totaling 133.6k sf ($110/sf) in Fed...
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• 165k sf AZ Shopping Center Trades in $13 Mil Investment Deal
8/06/19
Glenwood Development Company LLC recently purchased Willow Creek Village, a 165k sf shopping center anchored by Safeway in Prescott, AZ, for $13.1 mil ($79/sf). The property was sold by Columbus Pacific Properties, out of San...
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• AZ Build-to-Suit Occupied by Moog Inc Trades for $10 Mil
8/05/19
A new, 34.1k sf build-to-suit office/flex building in the heart of Gilbert, AZ was purchased for $9.94 mil ($291/sf) by a private investor. The building is fully occupied by Moog Inc, a design and manufacturing company that p...
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• Hill Properties Acquires San Diego Area Biz Campus with Immediate Value-Add Opportunity
8/05/19
Futura Business Park, a three-building multi-tenant office property totaling 51.2k sf in the Kearny Mesa submarket of San Diego, sold for $11.2 mil ($219/sf). The buyer was Hill Properties, out of La Jolla. Located at 9445, ...
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• Phoenix Office Park Acquired for $10.75 Mil
8/02/19
Black Canyon Commerce Park, a three-building, 181.6k sf multi-tenant office park in metro Phoenix’s I-17 Corridor, sold for $10.75 mil ($59/sf). The buyer is Next Gen Black Canyon LLC, an entity controlled by Helix Properties...
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• Light Industrial Project Breaks Ground in North Las Vegas
8/02/19
Construction has started on Matter Logistics Center @ West Cheyenne, a five-building, 725k sf light industrial and warehouse project in North Las Vegas. The $70 mil, master-planned project, a development of Matter Real Estate...
more » 

• Excelsa Properties Venture with Goldcor Capital Partners Acquires 392-Unit TX Asset
8/01/19
Excelsa Properties, in a joint venture with Goldcor Capital Partners, has acquired Bayou Parc at Oak Forest, a 392-unit, multifamily community in Houston, TX. The acquisition comes approximately six months after Excelsa Prope...
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• Riverside Industrial Park Trades in Deals Worth $30 Mil
7/31/19
Mira Loma Industrial Center South, a 172.9k sf industrial business park in Riverside County’s Jurupa Valley, has sold for nearly $30 mil, or about $173.50/sf, in five separate deals with different buyers. The project, located...
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