| San Mateo Retail Property Trades for $31.5 Mil
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.
| Premier Business Centers Rebrands to Premier Workspaces
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...
| Two Central CA Smart & Final Stores Fetch $14.8 Mil
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...
| TX Office High-Rise Project Receives Platinum Pre-Certification
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...
| Conor Commercial Real Estate and Globe Corporation Acquire 19 Acres in Phoenix for Spec Industrial Project
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...
| Newport Beach Investor Exchanges into Two OC Multifamily Properties Totaling $14 Mil
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...
| Vegas Office Asset Trades in $20 Mil Deal
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...
| Reliant Group Closes $116 Mil NoCal Res Portfolio Buy
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...
| Senior Housing Development Planned for Los Angeles’ Koreatown Neighborhood
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...
| Investor Buys 29 Acres in the Phoenix Area and Immediately Sells Off 18.5 Acres in Two Other Deals
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...
| AZ Office Campus Trades in $11.3 Mil Deal
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...
| Vacant Office Property in El Segundo Sells for $564/sf
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...
| Continental Realty Advisors Spends $14 Mil for 63-Unit Res Community Just Off the Vegas Strip
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 ...
| Construction to Start this Summer on Class A Medical Project in Tucson
PMB will begin construction this summer on a new Class A, two-story 55k sf St. Mary’s Medical Pavilion in Tucson, AZ. Total project cost will be approximately $17 mil.
St Mary’s Medical Pavilion will be situated in the heart...
| San Diego Area Biz Park Traded in $28 Mil Transaction
San Diego-based Fenway Capital Advisors and Waterfall Asset Management acquired Four Points Business Park, a 124.5k sf business park in San Diego’s Kearny Mesa area, for $28.2 mil ($227/sf). The asset ws sold by Brookwood Fin...
| CTDI Leases 700k sf Distribution Facility in Texas
CTDI has agreed to lease an entire 706k sf distribution facility in Forth Worth, TX. The property, located at 1753 Chaplin Dr, is owned by Transwestern Investment, who purchased the building in December 2018 along with anothe...
| Holland Partner Group Wraps Up Work on Two High-Rise Res Towers in Downtown L.A.
Holland Partner Group (HPG) has completed work on two high-rise, mixed-use developments in downtown Los Angeles. The two projects - The Grace and The Griffin on Spring -- are located at the intersection of the Historic Core a...
| OC Water Park Property Lands $170 Mil in New Financing
Colorado-based McWhinney has secured $170 mil in financing for the Great Wolf Lodge, a nine-story water park resort in the OC city of Garden Grove. The financing was arranged by Berkadia.
The 105k sf Great Wolf Lodge is situ...
| Investor Spends $13.5 Mil on 600 Acres of Land in Colorado
A 602-acre site in Platteville, CO was purchased for $13.5 mil by an undisclosed buyer in what we’re told is the largest land transaction in Weld County within the last three years. The site is located one mile west of Hwy 85...
| Draftsmen & Craftsmen
Construction of San Diego Mesa College’s Fine Arts Building has been completed. The $15.9 mil project consists of a four-story, 26.5k sf facility that unites the program’s departments into a single modernized building.