| Two Tenants Lease Up 250k sf Ontario Facility
Airport Distribution Center, a 250.2k sf industrial building in Ontario, has been fully leased by two tenants - Esperia Holdings LLC and Technical Consumer Products Inc. The facility is located at 5700 E. Airport Dr, at the s...
| AZ Res Property Trades for $30 Mil
Ridge View, a 150-unit luxury apartment community in Fountain Hills, AZ, was acquired by an entity formed by San Francisco-based FPA Multifamily LLC for $30.3 mil, or $202k/unit. The property was sold by San Francisco-based 2...
| 24Seven Enterprises Takes 400k sf of Distribution Space in Vacaville
24Seven Enterprises recently inked a long-term lease for 405k sf of warehouse/distribution space at North Bay Logistics Center in Vacaville, a NoCal city off I-80 roughly midway between San Francisco and Sacramento. 24Seven E...
| Seattle Mixed-Use Project Receives $31 Mil in Construction Money
Vibrant Cities has obtained $31.3 mil in construction financing for the development of Pivot, a mixed-use residential, office and retail property in Seattle’s Capitol Hill neighborhood. The borrower acquired the development s...
| Santa Monica Apartment Sale at $600k/Unit Viewed as a Value-Add Deal
A 14-unit apartment property in Santa Monica sold for $8.5 mil, or $607k/unit. The property, which was 85% occupied at the time of sale, is located at 833 20th St, near the cross street of prestigious Montana Ave, a favorite ...
| Kenco Logistics Services Leases 580k sf in the Inland Empire
Kenco Logistics Services LLC, one of the largest woman-owned, third-party logistics companies in the United States, agreed to a lease for 579.7k sf of space in the Inland Empire cityof Perris. Kenco will occupy the entire bui...
| Scannell Properties Spends $26 Mil on Multi-Building Industrial Asset in Petaluma
Scannell Properties purchased a 183k sf, multi-building industrial portfolio in Petaluma for $26.45 mil ($144/sf). The property was sold by a pair of private individuals who formerly operated their business, Sistema Plastics,...
| JRK Property Holdings Buys 240-Unit Res Property in the Seattle Area
JRK Property Holdings purchased Santa Fe Ridge Apartments, a 240-unit, garden-style multifamily property in Silverdale, WA, about 24 miles northwest of Seattle. The property, acquired in an off-market deal, boosts JRK’s portf...
| Sterling Real Estate Partners Closes $20 Mil Res Buy in Phoenix
Sterling Real Estate Partners has acquired Villas de Azul Apartments, a 301-unit multifamily property in Phoenix, for $19.8 mil, or $66k/unit. Built in 1972, the property is located at 2627 N. 45th Ave, north of I-10 and wes...
| The Companion Group Relocates from the East Bay to the Sacramento Area
The Companion Group has signed a lease for 100.8k sf of warehouse/distribution space in the city of Woodland, moving the company’s long-time industrial operations once housed in the San Francisco East Bay Area city of Hayward...
| Canadian Investment Entity Pays $25 Mil for Phoenix Multifamily Property
The Colony, a 236-unit res property in Phoenix, sold for $25.1 mil, or $106.4k/unit. The buyer was WREF Colony LP, an entity formed by Western Wealth Capital of North Vancouver B.C., Canada.
Built in 1979, The Colony is loca...
| Lennar Homes Buys Five-Acre Infill Site in Arcadia for Redevelopment
Lennar Homes has acquired a 4.9-acre redevelopment property in Arcadia with plans to construct a mixed-use project that will contain 80 residential units. The property, located at 17 Las Tunas Drive, had previously housed a 5...
| Vestar Buys 165k sf AZ Retail Center
Vestar purchased University Plaza, a 165.6k sf shopping center located in the heart of Flagstaff, AZ. The property traded for $27.5 mil, or $166/sf.
University Plaza is ideally located across the street from Northern Arizona...
| BH Properties Buys Phoenix Industrial Asset
BH Properties acquired Riverpoint – Building 2, a 61.3k sf, multi-tenant flex office building in Phoenix, for $5 mil ($81.50/sf). The single-story building is located at 3100 E. Broadway.
Built in 2002, the recently vacated ...
| Phoenix Res Property Trades for $100k/Unit
Avenue 15 Apartments, a 148-unit apartment complex located at 1609 West Glendale Ave in Phoenix, has sold for $14.725 mil ($99.5k/unit). The buyer was Urban Communities, a real estate development and redevelopment company tha...
| Alvarez & Marsal Capital Real Estate Buys Mission Federal Credit Union Former HQ
Alvarez & Marsal Capital Real Estate has acquired the former headquarters for Mission Federal Credit Union in San Diego, a 61.4k sf office building in the city’s Sorrento Mesa area, for $10.4 mil ($169/sf). The building, loca...
| Phoenix Industrial Property Trades in $8 Mil Deal
Exeter Property Group purchased a 123.8k sf industrial building in the Southwest submarket of Phoenix for $8.16 mil ($66/sf). The property was sold by David Turner International LLC.
The building is situated on a fully paved...
| Majestic Asset Management Closes $18 Mil Office Buy in Westlake Village
Westlake Plaza Centre 2, an 84k sf office building in Westlake Village, was acquired by Majestic Asset Management and The Johnston Group in an $18.25 mil deal. The property was sold by Kilroy Realty Corporation.
| New York Life Investors Buys 200k sf Office Property in North Hollywood
A 205.3k sf office property in North Hollywood was acquired by New York Life Real Estate Investors, on behalf of an institutional client. The building was sold by Beacon Capital Partners, which had acquired it for $69 mil in ...
| Denver Industrial/Office Property Refinanced with $17 Mil CMBS Loan
Manchester Capital Management (MCM) has secured $17 mil in refi money for a fully leased, 152.7k sf industrial and office building in Boulder, CO. MCM is the asset manager for the property, situated on 12.33 acres at 6265 Gun...