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• Preservation Equity Fund Advisors LLC Closes Its WNC Preservation Equity Fund 2, L.P.
6/09/22
Preservation Equity Fund Advisors LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, has closed its WNC Preservation Equity Fund 2, L.P. It achieved ...
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• Starpoint Properties to Build 155k sf Industrial Facility in Central Denver
6/09/22
Starpoint Properties plans to construct a new, 155k sf Class A, LEED-certified, state of the art industrial/warehouse project on 9.5 acres in central Denver. The two-building complex, named Point Central Business Park, is str...
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• EverWest Real Estate Investors Closes $17 Mil San Diego Industrial Buy
6/08/22
EverWest Real Estate Investors purchased a 55k sf industrial asset in San Diego’s Miramar submarket for $17.3 mil, or $315/sf. The asset was sold by a joint venture between Stos Partners and Long Wharf Capital, who acquired t...
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• Premier Workspaces Celebrates 20 Years of Business and Growth
6/06/22
Premier Workspaces, one of the largest privately-owned executive suites, coworking, and shared workspace companies in the United States, is celebrating its 20th anniversary. Premier Workspaces was founded in 2002 in Irvine, C...
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• Agora Realty and Management Pays $285/sf for Sacramento Area Retail Center
6/06/22
Agora Realty and Management purchased Antelope Marketplace, a 115.5k sf retail center located at 7901 Walerga Road in Antelope, a suburb of Sacramento, for $33 mil ($285/sf). The property was sold by Philips Edison & Company....
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• TA Realty Buys 35k sf Industrial Asset in Phoenix’ Deer Valley Submarket
6/03/22
Boston-based TA Realty picked up a 34.8k sf, NNN-leased industrial building situated on a 4.2-acre land parcel in Phoenix’ Deer Valley submarket in a $7.25 mil ($208/sf) transaction. The asset was sold by a private investor o...
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• KB Development Adds 280-Unit Phoenix Apartment Asset to Its Portfolio
6/03/22
KB Investment Development purchased Green Leaf Arts District, a 280-unit apartment property in Phoenix. The price was not disclosed.
Located at 222 E McDowell Rd, the 2017-completed property sits in Phoenix’s central busines...
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• Casino/Hotel Development Completed in Tacoma, WA
6/02/22
Work has been completed on the Emerald Queen Casino and Hotel, a 310k sf resort property in Tacoma, WA. The project, a development of the Puyallup Tribe of Indians, was designed by global architecture firm Cuningham.
The des...
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• Industrial Building in Washington Traded for Nearly $35 Mil
6/02/22
Dalfen Industrial acquired the Rainier Industries Building in Tukwila, WA for $34.8 mil. Located at 18375 Olympic Avenue South, the 135.5k sf ($257/sf) building sits on 6.76 acres of land in one of the country’s most highly s...
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• Oahu Mixed-Use Portfolio Recapitalized in $65 Mil Financing Deal
6/01/22
A mixed-asset portfolio located on the island of Oahu has been recapitalized with $65 mil of permanent money. The two financed properties are Hanua Logistics Center, a recently completed 226.9k sf, Class A warehouse facility,...
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• Phoenix Medical Office Building Sells for $244/sf
6/01/22
Cleveland, OH-based Woodside Health Development acquired Optum Center, a five-story, 81.9k sf ($244/sf) Class A multi-tenant office and medical building in Phoenix, for $20 mil. It was sold by Talia Jevan Properties, Inc. of ...
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• Trammell Crow Company and Clarion Partners LLC Start Work on 200k sf Bay Area Industrial Project
5/31/22
Trammell Crow Company and JV Partner Clarion Partners LLC have broken ground on a 205.2k sf industrial facility in Fairfield. The project, located at 2725 Low Court, is slated to be completed in the Spring of 2023.
The proje...
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• Rebranded Tower 300 Bringing New Look to Downtown Las Vegas
5/27/22
Tower 300, the former Bank of America building at 300 South Fourth Street in Las Vegas, is a downtown landmark in the city. Originally built in 1975, the 17-story tower reigned as the area’s iconic center of commerce, law, an...
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• Swift Real Estate Partners Obtains $32.5 Mil in Financing for Seattle Office Buy
5/26/22
Swift Real Estate Partners recently acquired 425 Pontius, a four-story, 75k sf boutique office building in Seattle for $39.5 mil ($525/sf), as reported by RENTV in April. We recently learned that the deal was financed with a ...
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• Renovated Cold Storage Building in Boise, ID Sells for $227/sf
5/26/22
A newly renovated 78k sf, industrial/flex/cold storage building situated on over three acres in the city of Boise, ID traded for $17.75 mil, or $227.50/sf. Located at 11193 Emerald St, the property was fully leased to four te...
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• Colorado Cold Storage Building Sells for Nearly $200/sf
5/24/22
A 31.6k sf, warehouse cold storage building on roughly four acres in Loveland, CO traded for nearly $6 mil ($190/sf). The buyer, WS Properties Loveland LLC, plans to convert the property from currently a single-tenant facilit...
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• Colorado Multifamily Community Lands New Financing of $58 Mil
5/24/22
The Bluffs at Castle Rock, a 220-unit, garden-style multifamily community in Castle Rock, CO, is being renovated and recapitalized, thanks to a new $58.2 mil senior loan. The funding is being provided to the joint venture own...
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• Apartment Community in Central Phoenix Sells for Over $26 Mil
5/23/22
The Willow, an 86-unit multifamily property in Central Phoenix, was purchased by in-state investment group for $26.7 mil, or $310.5k/unit. The property is located at 6315 North 16th St, near the Camelback Corridor, with an ab...
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• Lotus Company Spends $25 Mil on Colorado Office Asset
5/19/22
Lotus Company paid $25.4 mil for Church Ranch Corporate Center, a 124.5k sf ($204/sf), Class A office asset in Westminster, CO. The four-story, multi-tenant building, located at 10170 Church Ranch Way, along the US-36 / Denve...
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• Spokane, WA Industrial Sales Total $62 Mil
5/17/22
We’ve learned of two recent industrial sales in the Spokane, WA area that total roughly $62 mil. The deals were for a 306k sf building located at 9212 W Hallett Rd in Cheney (the Hallett Building), and a 111k sf building loca...
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