| Law Firm Pays $1,387/sf for Beverly Hills Retail/Flex Office Building
An 8k sf, retail and flex-office building in Beverly Hills was purchased by Dordick Law Corp for $11.1 mil, or $1,387/sf, in an off-market deal. The buyer, a personal injury law practice, will take occupancy of the building....
| Keech Properties Buys 58k sf AZ Office Building
Keech Properties, out of Palo Alto, acquired a 58.1k sf office building in Glendale, AZ for $4.67 mil, or $80/sf. The property, located at 5800 W. Glenn Ave, was sold by the City of Glendale.
The building was 88% leased at t...
| Res Property in San Diego’s Ocean Beach Trades for Over $18 Mil
A 60-unit multifamily complex in San Diego’s Ocean Beach sold for $18.275 mil, or $304.5k/unit. The 52k sf property sits on a 45.3k sf lot at 4464 Castelar St, west of Nimitz Blvd and south of Point Loma Blvd.
The asset is c...
| 169k sf WA Industrial / Manufacturing Facility Traded in $17 Mil Deal
Pinnacle Peak CO LLC, based out of Bellingham, WA, paid $17 mil in cash for a 168.9k sf industrial manufacturing building in Phoenix. The property is located on 13.55 acres at 2140 West Pinnacle Peak Rd.
The property was so...
| AZ Tesla Facility Sells for $340/sf
A 41k sf facility in Scottsdale, AZ occupied by Palo Alto-based Tesla traded hands in a $13.95 mil ($340/sf) transaction. The property, located at 8300 East Raintree, is a free-standing service and delivery facility located i...
| Pinnacle Healthcare Spends Over $8 Mil in Purchase of AZ Creative Office Building
Oregon-based Pinnacle Healthcare acquired a 26.8k sf, creative office building in Tempe, AZ in an $8.4 mil sale/leaseback ($314/sf) deal. The property is located at 1860 West University, east of Hwy 143.
The building was sol...
| Bay Area Res Community Fetches $725k/Unit
Aperture, an 83-unit luxury apartment community in downtown San Bruno, has traded hands. The asset was sold by Sares Regis Group of Northern California (SRGNC) and its equity investment partner, The Resmark Companies, who par...
| Victorville Multifamily Community Trades at Record $118.8k/Unit
Hanes Properties LLC, a Los Angeles-based real estate investment and management firm, has purchased Golden Sands, a 120-unit apartment complex in Victorville, for $14.25 mil ($118.8k/unit). The complex, located on just over e...
| BH Properties Purchases 60k sf TX Office Building
BH Properties has acquired a vacant four-story, 60k sf office building in Richardson, TX, its second investment in the Dallas/Fort Worth submarket in the past 24 months. The purchase price was not given out.
Built in 1991, 2...
| Bend Bulletin Building Bought for $13.15 Mil
The Bend Bulletin building in Bend, OR was purchased by Chandler Center LLC for $13.15 mil. The property, which was marketed as part of Western Communications’ bankruptcy proceedings, contains 86.4k sf ($152/sf) of office and...
| Two Phoenix Industrial Properties Acquired for $25 Mil
Phoenix-based Harrison Properties closed out 2019 with the purchase of two North Phoenix industrial parks located in the I-17 Corridor for a total of $25 mil. The two multi-tenant, industrial business parks, Gateway Corporate...
| Healthpeak Properties to Start Work on 195k sf Lab / Office Campus in Torrey Pines
Healthpeak Properties has broken ground on The Boardwalk, a 195k sf, Class A lab and office campus in Torrey Pines. Healthpeak, an Irvine-based REIT, owns more than 25 msf of R&D and office buildings throughout the U.S.
| Temecula Industrial Asset Trades in $9.35 Mil Deal
Kiwi II Construction paid $9.35 mil for a 102.3k sf ($91/sf), industrial distribution/warehouse building in Temecula. The property, located at 40761 County Center Dr, was sold by Hill Properties/Rustica-Hill Temecula LLC.
| Curry Supply Company Buys 55k sf Flex Building in Gilbert, AZ
Curry Supply Company, out of Martinsburg, PA, has acquired a 55.4k sf flex industrial/office building in Gilbert, AZ. Curry Supply acquired the property from Silent-Aire of Edmonton, Alberta, Canada.
Situated on 3.16 acres ...
| MJW Investments Buys 71-Unit Multifamily Property in Washington
Santa Monica-based MJW Investments has acquired View Ridge Apartments – a 71-unit multifamily community in Burien, WA – in an off-market transaction. The property is located at 12311 Ambaum Blvd SW.
The property – which has ...
| Glencrest Group and Angelo, Gordon & Co, L.P. Refinance 180-Unit Bay Area Res Community
A joint venture between Glencrest Group and Angelo, Gordon & Co, L.P. has obtained refinancing of $34.5 mil on Waterscape Apartments, a 180-unit, garden-style apartment community in Fairfield, CA. The loan was arranged by JLL...
| PTLA Real Estate Group Buys Portland Mixed-Use Asset
PTLA Real Estate Group, out of Walnut Creek, purchased ArtHouse, a mixed-use property located at 33 NW Park Ave in Portland. The price was not disclosed.
Built in 2013, the property offers 3k sf of ground floor retail for up...
| Tower 16 Capital Partners and HG Capital Pay $65k/Unit for Phoenix Res Property
San Diego-based Tower 16 Capital Partners, in partnership with HG Capital, has acquired Lilly Garden Apartments, a 180-unit multifamily project in Phoenix. The property was acquired on an off-market basis from a private selle...
| Kennedy Wilson Has Secured $775 Mil of Capital Commitments for Its Fund VI
Kennedy Wilson has exceeded its target, securing $775 mil of capital commitments, and closed fundraising for Kennedy Wilson Real Estate Fund VI (“Fund VI”), a private equity fund focused on value-add real estate investments a...
| Shamrock Acquisitions Lands $69 Mil in Construction Money for Merced Housing Development
Shamrock Acquisitions LLC has obtained $68.75 mil in construction financing for an 885-bed student housing development in Merced, CA. The funding was provided by an affiliate of Mosaic Real Estate Credit (MREC).