| Canadian Investment Entity Pays $25 Mil for Phoenix Multifamily Property
The Colony, a 236-unit res property in Phoenix, sold for $25.1 mil, or $106.4k/unit. The buyer was WREF Colony LP, an entity formed by Western Wealth Capital of North Vancouver B.C., Canada.
Built in 1979, The Colony is loca...
| Lennar Homes Buys Five-Acre Infill Site in Arcadia for Redevelopment
Lennar Homes has acquired a 4.9-acre redevelopment property in Arcadia with plans to construct a mixed-use project that will contain 80 residential units. The property, located at 17 Las Tunas Drive, had previously housed a 5...
| Vestar Buys 165k sf AZ Retail Center
Vestar purchased University Plaza, a 165.6k sf shopping center located in the heart of Flagstaff, AZ. The property traded for $27.5 mil, or $166/sf.
University Plaza is ideally located across the street from Northern Arizona...
| BH Properties Buys Phoenix Industrial Asset
BH Properties acquired Riverpoint – Building 2, a 61.3k sf, multi-tenant flex office building in Phoenix, for $5 mil ($81.50/sf). The single-story building is located at 3100 E. Broadway.
Built in 2002, the recently vacated ...
| Phoenix Res Property Trades for $100k/Unit
Avenue 15 Apartments, a 148-unit apartment complex located at 1609 West Glendale Ave in Phoenix, has sold for $14.725 mil ($99.5k/unit). The buyer was Urban Communities, a real estate development and redevelopment company tha...
| Alvarez & Marsal Capital Real Estate Buys Mission Federal Credit Union Former HQ
Alvarez & Marsal Capital Real Estate has acquired the former headquarters for Mission Federal Credit Union in San Diego, a 61.4k sf office building in the city’s Sorrento Mesa area, for $10.4 mil ($169/sf). The building, loca...
| Phoenix Industrial Property Trades in $8 Mil Deal
Exeter Property Group purchased a 123.8k sf industrial building in the Southwest submarket of Phoenix for $8.16 mil ($66/sf). The property was sold by David Turner International LLC.
The building is situated on a fully paved...
| Majestic Asset Management Closes $18 Mil Office Buy in Westlake Village
Westlake Plaza Centre 2, an 84k sf office building in Westlake Village, was acquired by Majestic Asset Management and The Johnston Group in an $18.25 mil deal. The property was sold by Kilroy Realty Corporation.
| New York Life Investors Buys 200k sf Office Property in North Hollywood
A 205.3k sf office property in North Hollywood was acquired by New York Life Real Estate Investors, on behalf of an institutional client. The building was sold by Beacon Capital Partners, which had acquired it for $69 mil in ...
| Denver Industrial/Office Property Refinanced with $17 Mil CMBS Loan
Manchester Capital Management (MCM) has secured $17 mil in refi money for a fully leased, 152.7k sf industrial and office building in Boulder, CO. MCM is the asset manager for the property, situated on 12.33 acres at 6265 Gun...
| Premier Workspaces Opens First Location in Santa Clarita Valley
Premier Workspaces, one of the largest privately-owned flexible workplace operators in the U.S. with over 90 locations, has just opened its first location in north L.A. County’s Santa Clarita Valley. The property is located a...
| Rexford Industrial Realty Spends $18 Mil on Inland Empire Development Property
Rexford Industrial Realty Inc has purchased a 15.47-acre, fully entitled development site in the Inland Empire for $18.2 mil. The acquisition was funded using cash on hand.
The site is located in Eastvale, five miles from th...
| WA Retail Center Refinanced with $65 Mil Loan
Newmark Realty Capital arranged $65 mil in refi money for the Downtown Woodinville Shopping Center. The property is located in Woodinville, WA, approximately 20 miles northeast of the Seattle CBD.
The multi-tenant retail ce...
| Realm Group Acquires DTLA Site for Res Tower Project
Realm Group LLC purchased a 1.5-acre site located in Downtown Los Angeles at 675 South Bixel St. Realm, a joint venture between Realm Real Estate LLC and The Bascom Group LLC, entitled the site for the development of a 36-st...
| Meta Housing and Western Community Housing to Build 44-Unit Affordable Housing Project in Roseville
Meta Housing Corporation and Western Community Housing Inc are set to develop Main Street Plaza Apartments, a 44-unit, mixed-use affordable housing complex at the northeast corner of Washington Blvd and Main St in Roseville. ...
| LaSalle Investment Management Acquires Two Buildings at San Diego Area Biz Campus
LaSalle Investment Management purchased a two-building industrial portfolio totaling 201k sf in San Diego’s Otay Mesa submarket. Situated on 14.62 acres within the 2 msf Siempre Viva Business Park, the portfolio is located at...
| Santa Maria Res Development Refinanced with $35 Mil Take-Out Loan Prior to Completion
Dynamic Development Company has financed Refugio Apartments, a 125-unit luxury townhome rental community in Santa Maria, with a take-out loan of $35 mil. The refi, arranged by JLL Capital Markets and provided by Annaly Capita...
| Work Gets Started on the Latest Phase at The Center at Needham Ranch in Santa Clarita
Trammell Crow Company (TCC) and Clarion Partners LLC have commenced construction on Phase 1B of The Center at Needham Ranch, a 54-acre business park that sits on a 132-acre, fully entitled site. Construction is scheduled to c...
| Kimpton Hotel Wilshire in L.A. to Undergo a Full Modernization
Renovation work has begun on Kimpton Hotel Wilshire, a 41.9k sf boutique hotel on Los Angeles’ westside that was originally built in 2011 as an adaptive re-use of a 1951 office building. The property is owned by OSM Investmen...
| Drawbridge Realty Picks Up 149k sf Phoenix Office Asset
Desert Canyon 300, a 149.2k sf office building in Phoenix, was acquired by San Francisco-based. The property, located at 2411 W. Peoria Ave, was sold by Salt Lake City-based Bridge Investment Group.
Built in 2001 by The Alte...