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• Office Building in Brentwood Goes for $780/sf
2/11/22
A three-story, 24.3k sf office building in Brentwood, on Los Angeles’ Westside, sold for $19 mil, or $781/sf. The building, located at 11440 San Vicente Blvd, was partially vacant at the time of sale. The new owner plans to o...
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• Phoenix Area Industrial Property Snapped Up in $27.5 Mil Deal
2/09/22
A 227k sf, single-tenant industrial property in the Phoenix Metro area submarket of Tolleson was purchased for $27.5 mil ($121/sf) by an undisclosed institutional buyer. The property was sold by Stos Partners, who acquired th...
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• Phoenix Office/Medical Campus Gets New Owner in $18 Mil Deal
2/08/22
The Brookstone, a two-building, 126.5k sf (288/sf) office and medical campus in the heart of Midtown Phoenix, was purchased by a San Diego-based investor for $18.2 mil ($144/sf).
The two buildings, located at 340 E Palm Lan...
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• Premier Workspaces Partners for Another QWork in Warner Center
2/07/22
Irvine-based Premier Workspaces is partnering with California Home Builders to open their second partnered location, QWork Topanga. The new 9.2k sf, private office and coworking space is located on the ground level of The Q T...
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• Base Equities Teams Up with Alex Brown Realty in Joint Venture Partnership
2/07/22
Los Angeles-based Base Equities has entered into a strategic joint venture partnership with Alex. Brown Realty (ABR), an independent real estate investment manager specializing in value-add, opportunistic, and core-plus inves...
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• PaulsCorp Buys Newly Constructed Distribution Project in Las Vegas
2/07/22
PaulsCorp, a family-based developer, purchased Interchange Industrial Center, a newly constructed, 689.5k sf distribution project in Las Vegas. The two-building, Class A project was 100% leased at the time of sale.
Built i...
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• TruAmerica Multifamily Launches Build-For-Rent Division
2/03/22
TruAmerica Multifamily has launched a Build-For-Rent (“BFR”) development division to build townhome and single-family rental communities in suburban submarkets. The initial roll-out of TruAmerica’s in-house BFR platform will ...
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• LA North Studios Leases 70k sf Valencia Facility for Conversion to Sound Stage Space
2/03/22
LA North Studios inked a lease for a 70.6k sf industrial building in Valencia. LA North is an independent full-service film and television studio founded in 2019 by Anthony Syracuse and John Prabhu. Terms of the deal were not...
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• Sansome Pacific Closes $20 Mil National Portfolio Buy
2/01/22
Sansome Pacific, a San Francisco, CA-based real estate investment management firm, has completed the $20.6 mil acquisition of a value-add portfolio of 10 retail and hotel properties. The properties are located in six states ...
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• SB Real Estate Partners Picks Up 114-Unit AZ Multifamily Property
2/01/22
SB Real Estate Partners (“SBREP”) has acquired Bloom 24, a 114-unit garden style multifamily community in Phoenix, AZ for $34.2 mil, or $300k per unit.
Built in 1973 and located at 2323 East Flower St, the property will be ...
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• Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding
1/31/22
GreenRock Capital LLC (GreenRock) successfully led $103 mil in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital, located at 845 Jackson St in San Francisco. We’re told this is the largest singl...
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• Tru Development Locks Up New Financing of $246 Mil on Two Nevada Res Properties
1/28/22
Tru Development has obtained $246 mil in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. They were advised in the transaction by Lucent Capital.
KaktusLif...
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• Cypress Equity Investments Completes Construction of 186-Unit Tacoma Res Community
1/27/22
Cypress Equity Investments (CEI) has completed construction of Hailey, a 186-unit apartment community in the heart of Tacoma. Located at 1210 Tacoma Avenue S at 13th St, Hailey offers a mix of studio, one-bedroom and two-bedr...
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• Davlyn Investments Buys 312-Unit Res Property in North Las Vegas
1/26/22
Davlyn Investments recently acquired Sonata, a 312-unit, Class A, multi-family community in North Las Vegas, in a $77 mil transaction that works out to $247k/unit. Built in 2009, the property is located at 4201 E Craig Rd, ju...
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• Colorado Self-Storage Facility Purchased by Gelt Inc
1/25/22
Gelt Inc purchased a 703-unit self-storage facility in Littleton, CO. The property is located at 5891 S. Youngfield Ct.
Built in two phases in 2013 and 2016 and situated on 4.02 acres, the six-building, Class A property feat...
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• Rubicon Point Partners Acquires Ownership of Iconic Rotunda Building in Downtown Oakland
1/25/22
Rubicon Point Partners, a woman- and minority-owned real estate company specializing in transformative investments, has acquired a majority interest in the iconic Rotunda Building in downtown Oakland. It was sold by Rotunda P...
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• MIG Real Estate LLC Picks Up Two Hotels in Old Town San Diego
1/24/22
MIG Real Estate LLC has purchased two hotels totaling 299 rooms in Old Town San Diego. The acquisitions include the Courtyard San Diego Old Town, at 2435 Jefferson St, and the Fairfield Inn & Suites San Diego Old Town, at 39...
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• Trammell Crow Company and CBRE Investment Management Start Work on NoCal Distribution Project
1/24/22
Trammell Crow Company and joint venture partner CBRE Investment Management have broken ground on Tracy 205 Logistics Center, a 606.3k sf, state-of-the-art logistics facility in Tracy, CA. The spec, cross-dock industrial build...
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• BH Properties Buys Vacant TX Office Building
1/21/22
BH Properties has acquired Mason Creek II, a vacant, three-story office building in the Houston submarket of Katy, TX. The 128k sf building, located at 21700 Merchants Way, represents the second phase of a two-building office...
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• Phoenix Office Property Traded in $16.65 Mil Deal
1/20/22
Promenade at South Mountain, a 110.1k sf, multi-tenant office building in Phoenix, traded hands in a $16.6 mil ($150/sf) transaction. The buyer was MCS South Mountain LLC, an entity formed by M.C. Strauss Company in Solana Be...
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