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Phoenix Apartment Sales Comp Comes in at $120k/Unit 2/01/19 Sanctuary on 22nd, a 266-unit apartment community in Phoenix, sold for $31.8 mil ($119.5k/unit) in a recent deal. The property, located at 8530 N. 22nd Ave, was acquired by a private investor.
Built in 1985, Sanctuary on 22n...
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Principals from Peregrine Realty Partners Buy 65k sf Office Building in Carlsbad 2/01/19 Carlsbad Airport Plaza, a three-story, 64.8k sf office property in Carlsbad, sold for $14 mil, or $216/sf. The buyer was a limited partnership controlled by the principals of commercial real estate firm Peregrine Realty Part...
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Watt Multifamily Buys 280-Unit Res Community in Las Vegas 1/31/19 Watt Multifamily Corp purchased Chapel Hill, a 280-unit multifamily property in Las Vegas. The property is located at 9620 West Russell Rd, just west of the 215 Fwy.
Although the price was not immediately disclosed, Watt fin...
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Investor Picks Up Phoenix Office Property 1/29/19 West 101 Corporate Center, an 81.9k sf office building in Phoenix, sold for $8.5 mil ($104/sf). It was acquired by Ryan Spiekerman and Adam Feldman of Helix Properties LLC, on behalf of Next Gen 101 LLC, a single-entity contr...
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Newport Beach Showroom Property Sells for Over $1,400/sf 1/29/19 A 4.5k sf retail and showroom property in Newport Beach was acquired by a high net worth investor for $6.4 mil, or $1,422/sf.
The property, consisting of two single-story buildings, is located at 2510-2530 West Coast Hwy. I...
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Nooner Holdings Buys Community Shopping Center in Texas 1/28/19 Nooner Holdings has acquired Military Crossing, a 171.3k sf, community shopping center located in San Antonio, TX. The center is 99% occupied and includes Academy Sports flagship store, BioLife Plasma Services, Harbor Freight...
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Walters Wholesale Electric Company Renews Brea Distribution Facility Lease 1/25/19 Walters Wholesale Electric Company has agreed to a long-term renewal of it its existing 246.6k sf distribution facility in Brea in deal worth $24.7 mil. The building is at 200 N Berry St, in a central industrial corridor with...
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AZ Biz Park Acquired By Pacifica Real Estate Group for $14.6 Mil 1/25/19 Santa Barbara-based Pacifica Real Estate Group purchased Pecos Gateway Business Park, a 125.9k sf industrial property in Mesa, AZ, for $14.6 mil ($116/sf). The asset, located at 8743 E. Pecos Rd, was sold by Boomerang Capital...
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Self-Storage Facility Becomes the Latest Gelt-y Pleasure for L.A. Real Estate Firm 1/24/19 Gelt Inc has acquired Southmark Storage, a 665-unit, self-storage facility in South Pasadena, for $16.5 mil. Built in 1986 and situated on a 1.81-acre site at 919 Mission St, the six-building property includes 623 indoor stor...
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Roofing Distributor Leases New 70k sf OC Industrial Building Still Under Construction 1/23/19 An unnamed commercial/residential roofing distributor has agreed to a 10-year, $8.65 mil lease of a 69.9k sf ($1.03/sf/mo) industrial building currently under construction in Placentia. The property, located at 721 S. Van Bur...
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KKR Spends $24.8 Mil on San Diego-Area Biz Park 1/22/19 KKR has acquired Haffley Industrial Park, a fully leased, two-building industrial park totaling 146.7k sf in the San Diego-area community of National City. The asset was sold by Presidio Property Trust for $24.8 mil ($169/sf)...
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Investor Pays $10.8 Mil for Bakersfield Distribution Property 1/21/19 A 220.2k sf, single-tenant NNN lease industrial distribution center in Bakersfield traded hands for $10.85 mil ($49/sf). Built in 1980, the property is occupied by Men’s Warehouse.
The property is located at 5801 District Bl...
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Triscenic Studios Leases 142k sf Valencia Facility 1/18/19 Triscenic Studios has inked a $7.7 mil lease for a 142.4k sf industrial building in Valencia. Located at 25045 Avenue Tibbitts, the building features 28’-30’ minimum clearance, 26 truck-high position doors and two ground-leve...
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Draftsmen & Craftsmen 1/16/19 Work was just completed on a new 230k sf, corporate headquarters for Behr Paint Company, one of the nation’s largest suppliers of architectural paint and exterior wood care products. The project was designed by interior archi...
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Uhon Inc Acquires 177-Unit Res Property in the San Gabriel Valley 1/15/19 The Parker, a 177-unit multifamily property in El Monte, was recently acquired by Uhon Inc. The price was not disclosed.
Located at 4640 Arden Way, the 4.3-acre garden-style property sits 15 miles east of Downtown Los Angel...
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Central CA Hotel Property Trades for $105k/Room 1/11/19 Best Western Plus Villa Del Lago Inn, an 82-room hospitality property located in Patterson, CA, sold for $8.65 mil. Patterson is roughly 17 miles southwest of Modesto in central California.
Best Western Plus Villa Del Lago I...
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Urban Housing Communities Completes Affordable Housing Project in Santa Rosa 1/11/19 Urban Housing Communities (UHC) has completed work on Crossings on Aston, a 27-unit affordable housing development located at 706 Aston Ave in Santa Rosa. The project offers affordable workforce housing to families in Califor...
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Commercial Real Estate Financing Briefs 1/09/19 NORTHMARQ CAPITAL - Ory Schwartz with NorthMarq Capital secured Freddie Mac financing totaling $38.4 mil for two NoCal multifamily properties totaling 445 units. The financings were on behalf of two tenants in common, consist...
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California Landmark Group Completes Co-Housing Project in Marina del Rey 1/08/19 California Landmark Group (CLG) has completed construction of C1, the first large multifamily development in Los Angeles to feature co-living housing. C1 includes 51 luxury market-rate studio, one- and two-bedroom apartment ...
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New CO Health and Wellness Facility Completed 1/07/19 Work has been completed on Superior Medical Center (SMC), a four-story, 60k sf destination health and wellness facility in Superior, CO, a northwest Denver suburb. The project, developed by PMB, includes a 229-space parking s...
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