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• Parallel Capital Partners to Handle Asset Management for 1 msf Honolulu Portfolio
5/07/19
San Diego-based Parallel Capital Partners Inc has taken over asset management of a $300 mil portfolio of commercial and retail properties in downtown Honolulu. As part of the deal, Parallel will oversee day-to-day management ...
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• Seefried Industrial Properties and Crow Holdings Capital Real Estate Buy 40 Acres in AZ for Development
5/06/19
Seefried Industrial Properties and Crow Holdings Capital Real Estate recently acquired 40 acres of land in Avondale, AZ. The site will be used for the development of 101 Logistics Park, a new two-building, Class A industrial ...
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• WestRock Corporation Leases 75k sf at Hogum Bay Logistics Center in Lacey, WA
5/03/19
WestRock Corporation inked a lease for 74.5k sf of space at Hogum Bay Logistics Center (HBLC), a 1.1 msf, three-building logistics campus in Lacey, WA. The complex, located at 8000 Hogum Bay Road NE, is being developed by IDS...
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• Office Building in San Francisco’s SoMa District Acquired by Chilean-based Stars Investments in a Venture with The Swig Company
5/02/19
A 42k sf office building located in the SoMa submarket of San Francisco was acquired by Chilean-based Stars Investments in partnership with San Francisco-based The Swig Company. The building, situated on a 50k sf lot at 945 B...
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• Equity Residential Looking to Add 200+ Units to Its Reserve at Mountain View Apartments
5/01/19
Equity Residential has submitted plans to the City of Mountain View to add 200+ apartments to its Reserve at Mountain View Apartments, located at 870 E. El Camino Real in the City of Mountain View. The proposal includes the a...
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• Residential Tower Project in Austin, TX Lands $88 Mil in Construction Funding
4/30/19
Austin-based Pearlstone Partners and Miami-based Newgard Development have secured an $87.9 mil loan for construction of 48 East Avenue, a 249-unit, 30-story condominium project being developed in Austin’s Rainey District. The...
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• Stanton Road Capital Buys 210k sf TX Office Building
4/29/19
In a TX office buy, Stanton Road Capital LLC acquired Campbell Glen II, a 210k sf, Class A building in the Richardson submarket of Dallas. The building is located at 1125 E. Campbell Road.
Currently vacant, and formerly leas...
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• San Mateo Retail Property Trades for $31.5 Mil
4/26/19
Borel Square Shopping Center, a 96.7k sf neighborhood shopping center in San Mateo, sold for $31.5 mil ($326/sf). The single-story retail property is anchored by CVS and 24 Hour Fitness and is 97.6% percent leased overall.
...
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• Premier Business Centers Rebrands to Premier Workspaces
4/25/19
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
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• Two Central CA Smart & Final Stores Fetch $14.8 Mil
4/24/19
Two Smart & Final grocery stores in Central California have sold to a private investor as corporate leasebacks for a combined price of $14.8 mil. The assets were sold by Smart & Final, a Los-Angeles based grocery chain with m...
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• TX Office High-Rise Project Receives Platinum Pre-Certification
4/23/19
Texas Tower, a 47-story, 1 msf office development in Houston, has received Platinum pre-certification under the U.S. Green Building Council’s LEED® v4 for Core & Shell (CS) Rating System. The project is a development of Hines...
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• Conor Commercial Real Estate and Globe Corporation Acquire 19 Acres in Phoenix for Spec Industrial Project
4/22/19
Conor Commercial Real Estate and Globe Corporation have assembled 18.8 acres in Phoenix’ land-constrained Sky Harbor Airport submarket for a spec industrial development. The project, named Airport 40, is slated to start const...
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• Newport Beach Investor Exchanges into Two OC Multifamily Properties Totaling $14 Mil
4/19/19
A private 1031-exchange investor from Newport Beach acquired two OC multifamily properties for a total of $14 mil. The assets, totaling 44 units, are in Anaheim and Costa Mesa. CBRE’s Dan Blackwell represented the buyer in bo...
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• Vegas Office Asset Trades in $20 Mil Deal
4/18/19
A 59k sf, single-tenant office property in the Las Vegas area, sold for $19.9 mil, or $338/sf. The Class A office building is leased to an industry leading Fortune 10 company and features recent, comprehensive renovations – a...
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• Reliant Group Closes $116 Mil NoCal Res Portfolio Buy
4/18/19
San Francisco-based Reliant Group Management purchased a portfolio of seven apartment communities, located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward, for $116 mil. The portfolio contains 603 apartm...
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• Senior Housing Development Planned for Los Angeles’ Koreatown Neighborhood
4/12/19
Meta Housing Corporation and Western Community Housing have formed a joint venture to develop Vermont Corridor Apartments, a six-story, transit-oriented senior and permanent supportive housing multifamily community in Los Ang...
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• Investor Buys 29 Acres in the Phoenix Area and Immediately Sells Off 18.5 Acres in Two Other Deals
4/11/19
There have been three land transactions encompassing a total volume of $20 mil and 47 acres to report from the Deer Valley submarket of Phoenix, AZ. The transactions encompassed the acquisition of a 28.8-acre parcel by one in...
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• AZ Office Campus Trades in $11.3 Mil Deal
4/10/19
Fiesta Tech Business Centre, a 91.5k sf office campus in Mesa, AZ, sold for $11.375 mil ($124/sf). The property is located at 2150-2220 S. Country Club Drive.
Built in 1986 and 1991, Fiesta Tech Business Centre is a four-bui...
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• Vacant Office Property in El Segundo Sells for $564/sf
4/10/19
A 55k sf office building in El Segundo traded hands in an off-market deal valued at $31 mil, or $564/sf. The property, located at 2221 Park Place, just north of Rosecrans Ave between Sepulveda Blvd and the 405 Fwy, was delive...
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• Continental Realty Advisors Spends $14 Mil for 63-Unit Res Community Just Off the Vegas Strip
4/05/19
The Onyx, a 63-unit residential community just off the Strip in Las Vegas, was acquired by Continental Realty Advisors (CRA) in a $14 mil deal ($222k/unit). Occupancy at the property is high due to its proximity to the Strip ...
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