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March 28, 2024
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Archive
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• T & T Hospitality Services Spends $21 Mil on Vancouver, WA Office Building
10/16/23
Colorado-based T & T Hospitality Services Inc acquired 4000 Columbia House Boulevard, a 44.1k sf Class A office building in Vancouver, WA, for $21.1 mil ($478/sf) in a 1031 exchange deal. This is the third institutional offic...
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• Renovation Work Completed on Lobby Area of WA Office Tower
10/16/23
Renovation work on 10k sf of the first floor at Tacoma Centre has been completed. Located in downtown Tacoma, WA at 1145 Broadway, the property was previously known as Tacoma Financial Center before it was purchased by Kirkla...
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• Nearly 20k sf of Class A Office Space is Now Available in Portland’s Historic Troy Laundry Building
10/12/23
We thought we’d share a unique office space availability in Portland’s rapidly transforming Central Eastside. The listing is for 17.5k sf of Class A space in the historic Troy Laundry Building, located at 1025 SE Pine St in t...
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• NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held Thursday, November 16 on the USC Campus
10/11/23
The battle of real estate brains is back. On November 16, a five-member graduate student team from the Ziman Center of Real Estate at UCLA’s Anderson School of Business will compete against a five-member graduate student team...
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• Jewell Capital Picks Up Portland Office/Retail Asset in $5.7 Mil Buy
10/10/23
Jewell Capital paid $5.7 mil for The Gregory, a 50k sf ($121/sf) office/retail property in Portland. The property is part of a larger mixed-use project incorporating 133 high-end residential condominiums (which were not inclu...
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• CCRM Fertility Leases 20k sf at Austin, TX Class A Building
10/10/23
CCRM Fertility, a global pioneer in fertility treatment, research, and science, has signed a long-term lease for 20k sf at Drawbridge Realty’s newly completed Uplands Corporate Center II at 5301 Southwest Pkwy in Austin, TX. ...
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• Dallas Class A Office Property Sees Two New Lease Signings
10/05/23
There has been two lease signings totaling 38.5k sf of space at Providence Towers, a 524.1k sf, LEED Gold-certified Class A office building in Dallas, TX. The property, located at 5001 Spring Valley Rd, is owned by KBS, one o...
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• Retail Center in Aurora, CO Gets New Owner after $20 Mil Sale
10/04/23
Summer Valley Shopping Center, a 95.7k sf retail center located at the northeast corner of E Quincy Ave and S Buckley Rd in Aurora, CO, traded for $20.4 mil ($213/sf). Anchored by Vasa Fitness and Dollar Tree, the property is...
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• New Tempe Res Development 50% Leased at Completion
10/04/23
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has completed construction on Smith & Rio, a 310-unit residential community in Tempe, AZ. Located in Tempe’s vibrant downtown, just south of ...
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• NAIOP SoCal’s Night at the Fights Havana Nights Entertains with CRE Industry Boxing Matches and More
10/02/23
More than 1,000 CRE professionals came together on September 21 at the OC Fair and Event Center to experience NAIOP SoCal’s Night at the Fights. Themed Havana Nights, the signature black-tie event featured a colorful celebrat...
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• AHV Communities Completes New Built-to-Rent Development in San Antonio
10/02/23
AHV Communities has begun leasing at Frame Med Center, a new built-to-rent development in San Antonio. Designed with a Scandinavian Farmhouse aesthetic, Frame Med Center encompasses a collection of 174 duplex rental homes wit...
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• Moonstar Hospitality Buys 107-Key Asset in Phoenix for $18 Mil
9/29/23
Salt Lake City, UT-based Moonstar Hospitality LLC is the new owner of a 107-room Fairfield Inn & Suites by Marriott hotel asset in Phoenix after completing an $18 mil ($168k/unit) purchase of the property. The asset, located ...
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• Clark County Pays $8.6 Mil for 36k sf Building in Downtown Las Vegas
9/29/23
A 36k sf, quasi-retail/industrial building in downtown Las Vegas was acquired by Clark County in an $8.64 mil ($240/sf), full-price transaction. The property is located at 300 S. Martin Luther King Blvd, adjacent to the Las V...
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• Connor Kidd Named CEO at The Swig Company
9/29/23
The Swig Company LLC has named Connor Kidd as Chief Executive Officer. He is also President of the company. Kidd succeeds Jim Carbone as CEO, who held the position since September 2018. An Oklahoma native, Kidd joined Swi...
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• DWG Capital Partners Acquires 73k sf AZ Industrial Facility for $10 Mil
9/28/23
DWG Capital Partners purchased a 72.8k sf manufacturing and distribution facility in Mesa, AZ for $10 mil ($137/sf) in a sale-leaseback transaction. The property, located at 260 S. Hibbert St, is fully occupied by custom engi...
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• Montana FedEx Ground Facility Trades as Part of a 1031 Exchange
9/28/23
A 200k sf, distribution center for FedEx Ground in Belgrade, MT was purchased for $47.7 mil by California Gateway, a private family entity as part of a 1031 exchange. The property, a build-to-suit development, is located at 2...
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• Community Preservation Partners Acquires Two Res Communities in Albuquerque, NM with Plans to Preserve their Affordable Housing Status
9/27/23
Community Preservation Partners (CPP) has purchased two developments in Albuquerque, NM for $22.3 mil, with plans to renovate and maintain them as affordable housing. The projects, Mountain View II and III, were built in 1967...
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• ViaWest Group Lands $96.5 Mil in Construction Money for AZ Logistics Project
9/27/23
ViaWest Group has obtained $96.5 mil in construction financing for The Base, Phase I, a seven-building logistics development totalling 1.2 msf in Glendale, AZ. The financing was arranged by JLL Capital Markets and funded by b...
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• Peri & Sons Farms Spends $27.5 Mil on 2,400-Acre Farmland Portfolio in CA’s Imperial County
9/27/23
Peri & Sons Farms, a family farming operation based in Nevada, has acquired a 2,411-acre portfolio of agricultural farmland located in the sought after Holtville submarket of Imperial County, CA, in a $27.5 mil transaction. K...
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• Single-Tenant Kohl’s Store in Texas Gets new Owner for $14.6 Mil
9/26/23
A 55k sf, single-tenant retail property occupied by Kohl’s in Katy, TX was acquired by an out-of-state 1031 exchange buyer for $14.65 mil ($266/sf). The property, located at 25735 Nelson Way, was sold prior to completion of c...
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