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Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City 7/11/23 Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
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Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil 7/06/23 Two new construction single-tenant net-leased retail investments were acquired in separate deals with two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Vall...
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Here’s a Quick Update on Two Hotel Financing Deals Worth Over $40 Mil 7/05/23 In recent hotel financing news, Tucson-based Khangura Development has obtained a $19.1 mil bridge loan for the Residence Inn by Marriott Phoenix Mesa East. The loan was provided by Dallas-based HALL Structured Finance.
Each ...
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Stevens-Leinweber Construction Pays $3.8 Mil for Phoenix Office Building 6/30/23 An entity formed by Stevens-Leinweber Construction President Jamie Godwin has purchased a two-story office building within metro Phoenix’s Camelback Corridor area, earmarking the multi-tenant property for a substantial renova...
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Mission Rock Partners Tops Out 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood 6/29/23 The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, recently marked the topping out of Parcel F, a 23-story multifamily residential tower in S...
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NexGen Properties Buys 51k sf Office Building in Englewood, CO 6/29/23 NexGen Properties purchased a 51.5k sf boutique office building in Englewood, CO. The two-story, multi-tenant asset is located at 384 Inverness Pkwy, within Inverness Business Park.
Constructed in 1985 and extensively renova...
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Kaiser Permanente Inks Extension Deal for 121k sf Space at Colorado Office Campus 6/28/23 Kaiser Permanente has inked an extension lease for its 121k sf of space at One & Two Greenwood Plaza, a Class A office campus in Englewood, CO. Kaiser serves as the anchor tenant of the two-building, 197.5k sf project, owned ...
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Stockbridge Capital Group Buys 443k sf Industrial Complex in North Las Vegas 6/28/23 Stockbridge Capital Group purchased the recently completed Tropical Logistics Phase II. The facility was developed by a joint venture between CapRock and real estate funds managed by Ares Management.
Located within the Nor...
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Fresno Shopping Center Fetches Nearly $16 Mil 6/27/23 Ash Tree Square, an 80.9k sf shopping center in Fresno, was purchased by an Oakland-based private investor in a $15.8 mil ($195/sf) transaction. The property is situated on 7.47 acres at 1029-1077 East Shaw Ave, at one of the...
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Texas Industrial Facility Lands New Owner in $9 Mil Trade 6/26/23 A Texas-based investor purchased a two-building, 79.9k sf industrial facility in Laredo, TX for $9.15 mil ($115/sf). The property, located at 13806 N. Unitec Dr, was sold by Stos Partners, who acquired the asset in March 202...
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Kodiak Gas Services Leases 53k sf of TX Office Space 6/21/23 Kodiak Gas Services LLC inked a long-term lease for 53k sf of office space in The Woodlands, TX. The space is located at 9950 Woodloch Forest Tower, a Class AAA, 31-story office building that is one of two towers within The W...
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Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers 6/21/23 Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
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Whitestone REIT Spends $25 Mil on AZ Retail Center 6/20/23 Whitestone REIT has purchased Arcadia Towne Center, a 70k sf grocery center located at 4730 E. Indian School Rd in Phoenix. The asset was sold by LNR Partners in a $25.3 mil deal.
The center expands Whitestone’s footprint in...
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CordenPharma Leases 61k sf Life Sciences Property in Boulder, CO 6/19/23 CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, CO. The company will occupy 61.1k sf across both floors at 2300 55th St.
2300 55th Street was built out for advanced technolog...
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New Mexico Retail Center Hits the Market at Just Under $16 Mil 6/16/23 Here’s news of a retail property that has just been put on the market. The property, Cottonwood Collection, is a 157.9k sf structure that is 100% occupied by Hobby Lobby, Home Life Furniture, and Mor Furniture. The asset, an ...
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Modesto Multifamily Property Trades in $25 Mil Deal 6/15/23 Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
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Landmark Companies Lands $45 Mil for TX Res Development 6/14/23 Landmark Companies has secured $45 mil in construction financing for Arden at Corinth, a 296-unit multifamily project in Corinth, TX. The total project cost is $63.3 mil.
The project, a ground-up, Class A res development co...
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Santa Clara Biz Park Gets New Owner 6/13/23 San Tomas Business Centre, a 79.4k sf, business park in Santa Clara, changed hands. The office and light industrial/warehousing property, located at 2060-2101, 2110, 2116 and 2118 Walsh Ave, is comprised of nine buildings.
S...
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San Diego Investor Zeros in on AZ Industrial Portfolio 6/09/23 A San Diego-based investor purchased a two-building industrial/flex office portfolio totaling 158.5k sf of space in Tempe, AZ. Located at 1100 and 1150 W Grove Pkwy, the buildings are approximately 67% leased combined.
1100...
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Schuman Companies Spends $12.3 Mil on South Parcel at Loveland Yards in Colorado 6/09/23 Schuman Companies acquired the 146.1k sf south parcel at Loveland Yards in Loveland, CO for $12.3 mil. The purchase completes Schuman Companies’ acquisition of the former Loveland Outlets site, after buying the north parcel i...
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