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• IPT Acquisitions Pays $10.7 Mil for AZ Distribution Facility
8/31/17
Denver-based IPT Acquisitions LLC paid $10.75 mil for a 91.2k sf ($118/sf) logistics center in Paradise Valley, AZ. The property, located at 550 E. Elliot Rd, was sold by Globe Management Company.
The state-of-the-art, last ...
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• Eight-Unit Santa Monica Apartment Building at the Beach Sells Vacant for Around $500k/Unit
8/30/17
By Allen Wolfsheimer
Arcadia Terrace Apartments, a fully vacant, eight-unit oceanfront apartment building in Santa Monica (some records show it as nine units), has sold for $4.25 mil ($531k/unit). The property, located on a ...
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• Partners Capital Spends $8.65 Mil on Inland Empire Industrial Building
8/30/17
Partners Capital has acquired a 92k sf industrial building in San Bernardino for $8.65 mil ($94/sf). The purchase is part of a 1031 Exchange transaction following the disposition of two brick-and-mortar retail assets in San F...
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• Hines and New York Life Real Estate Investors to Build 250k sf AZ Office Project
8/28/17
Hines has teamed up in a joint venture agreement with New York Life Real Estate Investors, on behalf of its institutional client, to develop the Offices at Chandler Viridian. The Offices at Chandler Viridian is a six-story, C...
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• AZ Retail Center Purchased for $14.2 Mil by Litwin Management
8/25/17
Litwin Management has purchased Laveen Village Marketplace, a 56.7k sf retail center in Arizona, for $14.2 mil ($250/sf). It was sold by PASSCO Companies LLC.
Laveen Village Marketplace is located at Baseline Rd and 51st Ave...
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• H.I.G. Realty Partners and Lincoln Property Company Acquire Houston Office/Retail Portfolio
8/24/17
Greenspoint Place, a mixed use portfolio in the North Houston District of Houston, was recently acquired by a venture between H.I.G. Realty Partners and Lincoln Property Company (LPC). The portfolio, consisting of six office ...
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• AZ Corp HQ Facility Trades in $5.3 Mil Deal
8/23/17
Hunter Engineering paid $5.35 mil for Gold Dust Corporate Center, a two-story, 31.8k sf ($168/sf) corporate HQ facility in Scottsdale, AZ. The building, located at 10446 N. 74th St, was built in 2002.
Gold Dust Corporate Cen...
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• OC Multifamily Remains Strong with a Vacancy Rate of Just 4.1%
8/22/17
The multifamily housing market in Orange County remained very strong in the second quarter of 2017, maintaining high occupancy while the average asking rent continued to rise. According to NAI Capital’s just-released Multifam...
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• Occupancy Jumps to 91% at East Bay Office Campus after Recent Signings
8/22/17
A Flurry of recent leasing activity at Walnut Creek Executive Park (WCEP) in the East Bay city of Walnut Creek has brought the 27-acre, 449.3k sf office campus to 91% occupied. The recent deals total 177k sf of space. The pro...
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• San Diego Investor Pays Over $29 Mil for 126-Unit Multifamily Property in the San Gabriel Valley
8/21/17
Azure Apartments, a 126-unit property in the San Gabriel Valley city of Rowland Heights, traded hands in a recent $29.25 mil ($232k/unit) transaction. The property, located at 1940 Fullerton Rd, was purchased by Stratford Par...
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• Investor Buys 7.7k sf Property in Scottsdale’s Old Town
8/17/17
Clayton Companies purchased a two-story, 7.7k sf building in Scottsdale, AZ for $1.65 mil ($214/sf). The property was sold by Arts District Lofts LLC.
The property, located at 3944 North Marshall Way, on the southwest corner...
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• Pathfinder Partners LLC Closes $15 Mil Portland Res Buy
8/17/17
Pathfinder Partners LLC purchased The Habitat, an 85-unit community in the Portland, OR area, for $15 mil ($176.5k/unit). Built in 1978, the property is located at 5745 SW Oleson Rd, within the affluent Raleigh Hills neighbo...
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• Portland Office Property Sells for $5.3 Mil
8/16/17
The Concord Building, a 27.5k sf office property located in the heart of Portland’s Central Business District (CBD) and Technology Triangle, recently traded in a $5.3 mil ($193/sf) transaction.
Built in 1891 and renovated i...
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• Mark IV Capital breaks Ground on Summit II at La Frontera
8/15/17
Mark IV Capital has broken ground on Summit II at La Frontera, a 95k sf, Class A office building in Round Rock, TX. The two-story building, situated near the intersection of Interstate 35 and SH 45, will be adjacent to the 87...
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• Two Inland Empire Industrial Properties Sell in Separate Deals that Total Over $13 Mil
8/15/17
We’ve got two recent industrial acquisitions in the Inland Empire to report. The transactions encompassed a combined 112.7k sf and totaled about $13.1 mil in deal value. DAUM Commercial’s Chris Migliori represented the buyers...
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• New Ultra-Luxury Res Development in Salt Lake City is Completed
8/14/17
SALT Development has completed work on 4th West Apartments, an ultra-luxury multifamily community in downtown Salt Lake City. Located at 255 North 400 West, adjacent to two light rail systems and one block from the Vivant NBA...
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• Investor Spends $11.4 Mil on Two Res Communities in Tucson
8/14/17
James Associates has purchased two multifamily properties totaling 192 units in Tucson for a combined price of $11.4 mil ($59.4k/unit). The acquisition includes The Place at Nine90, with 72 units, and The Place at Ten50, with...
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• New Medical Office Project Underway in Sugar Land, TX
8/10/17
Construction has begun on TierOne Development’s 38.6k sf, office/medical development in Sugar Land, TX. The spec development is located at 7619 Branford Place. Slated for completion in the second quarter 2018, the Class A bui...
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• Draftsmen & Craftsmen
8/09/17
Construction has been completed on the Newport Beach Country Club, a 65k sf, two-level development by International Bay Clubs LLC. The $50 mil project was built by C.W. Driver Companies’ affiliate Driver SPG, an arm that spec...
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• OpenSquare Leases 75k sf Seattle Facility
8/09/17
OpenSquare inked a five-year lease for a 75k sf, newly renovated warehouse building along Seattle’s waterfront port area.The lease value was not disclosed.
The property, located at 303 River St, is owned by Westcore Properti...
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