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• Schnitzer Properties Buys 225k sf Phoenix Industrial Complex
8/01/22
Westech Business Center I & II, a seven-building 225.3k sf light industrial complex in Phoenix, was acquired by Portland, OR-based Schnitzer Properties, formerly Harsch Investment Properties. The property was sold by LBA Logi...
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• Slate Grocery REIT Picks Up 2.3 msf Retail Portfolio
7/29/22
Slate Grocery REIT recently acquired The Sunbelt Retail Growth Portfolio, a 2.3 msf portfolio comprised of 13 open air shopping centers. Slate is an owner and operator of U.S. grocery-anchored real estate.
The 13-property po...
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• Two Multifamily Properties in Seattle’s University District Generate a Combined Price of $33 Mil
7/27/22
Campus Apartments and University Manor, two apartment buildings totaling 119 units in Seattle’s highly desirable University District, sold for a price tag of $33 mil ($277.3k/unit) in an off-market transaction.
Campus Apartm...
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• Phenix Salon Suites Building in Redondo Beach Sells for $666/sf
7/26/22
A Manhattan Beach-based private investor paid $6.325 mil for a single-tenant net-leased investment occupied by Phenix Salon Suites in Redondo Beach. The 9.5k sf ($666/sf) property is located within King Harbor Plaza, a Smart ...
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• AZ Medical Office Trade Closes at $326/sf
7/25/22
In a recent AZ medical office buy, Evergreen Medical Properties paid $8.8 mil for Plaza Town Center Professional Plaza, a 27k sf ($326/sf) property located at 9139 W Thunderbird Road in Peoria. The property was sold by Garnet...
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• Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
7/22/22
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
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• Investment Fund Acquires 70k sf Self-Storage Facility in the Phoenix Area
7/22/22
A fund sponsored by CBRE Investment Management has acquired a 70k sf, self-storage facility located in a northwest suburb of Phoenix. The purchase is part of the fund’s strategy to acquire high-quality self-storage assets acr...
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• Vegas Office Building Sells for $23.3 Mil
7/20/22
Marnell Corporate Center 3 (MCC3), a three-story, 71.4k sf office building in Las Vegas, sold for $23.3 mil, or $325/sf. The property was 87% occupied at the time of sale.
The asset was sold by Dornin Investment Group, who o...
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• Colorado Office Properties Land $196 Mil Financing
7/20/22
Schnitzer West has obtained financing of $196 mil on the Fiddler’s Green Portfolio, consisting of Palazzo Verdi, Fiddler’s Green I and Fiddler’s Green II. The Class A office portfolio totals 748.4k sf and is located within Fi...
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• Novo Capital Partners Team Joins CBRE
7/19/22
Gianni Novo and the Novo Capital Partners team have joined CBRE Capital Markets’ Debt & Structured Finance team in Los Angeles. The team is based in CBRE’s West L.A. office.
The team specializes in commercial real estate lo...
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• Dalfen Industrial Closes $24.8 Mil Industrial Buy in Otay Mesa
7/18/22
Dalfen Industrial purchased an 86.7k sf, freestanding industrial building in San Diego’s Otay Mesa submarket for $24.85 mil ($287/sf). The property was sold by a partnership between Alcion Ventures and Lincoln Property Compan...
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• CBRE Opens Full Floor WorkPlace360 Office at Vegas Mixed-Use Development
7/15/22
CBRE has opened its new 19k sf, full floor office at UnCommons, a 40-acre mixed-use in Las Vegas developed by Matter Real Estate Group. The new space, located at 8548 Rozita Lee Ave, was constructed with WELL certification st...
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• Commercial Financing Briefs
7/14/22
GANTRY - Mark Ritchie, Mike Wood and Alex Saunders with Gantry secured a $35.45 mil, fixed-rate, permanent loan to refinance a single tenant, five-story, 200k sf office building located at 1601 Lind Ave SW in the Seattle subu...
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• Washington Multifamily Community Lands $67 Mil Recapitalization
7/13/22
Bella Terra Apartments, a 235-unit multifamily complex in Mukilteo, WA, was recapitalized with new financing of $67 mil. The property is by a joint venture between Holland Partners Group and Principal Real Estate Investors, w...
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• San Jose Multifamily Development Lands $345 Refi Loan
7/13/22
Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
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• Institutional Investor Spends $25 Mil on Pair of AZ Retail Assets
7/12/22
An unnamed institutional buyer paid $25.7 million for a retail portfolio comprising two shopping centers totaling 38.3k sf in Phoenix and Scottsdale, AZ. The assets were sold by MDC Realty Advisors, a subsidiary of Epic Inves...
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• ViaWest Group to Start Work on 134k sf Denver Industrial Facility
7/11/22
Phoenix-based ViaWest Group is making its first market entry into Denver with plans to construct a 134.4k sf industrial facility just north of downtown. The freestanding, Class A industrial building, Downtown Distribution Cen...
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• BKM Capital Partners Closes $38 Mil AZ Industrial Buy
7/08/22
BKM Capital Partners acquired Mesa Ridge Business Park, a seven-building, 153k sf light industrial park in Mesa, AZ for $38.35 mil ($251/sf). The seller was Mesa Ridge Business Park I LLC, a company formed by Randall Investme...
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• SWC Development Partners Starts Work on 136k sf Distribution Facility in Surprise, AZ
7/07/22
SWC Development Partners broke ground yesterday on its second building within Skyway Business Park in Surprise, AZ. The 135.9k sf warehouse/distribution facility is located at 11701 North 132nd Ave.
The facility will include...
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• Corner Development Site in Hollywood Acquired for Development of Planned Community Campus
7/06/22
A 65.6k sf parcel of contiguous land on the corner of Highland Ave and Sunset Blvd in Hollywood was purchased by Grammy Award-winning songwriter and producer Philip Lawrence. Lawrence, known for his long-time collaboration wi...
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