| Transwestern Development Breaks Ground on 834k sf TX Industrial Park
Transwestern Development Co has broken ground on Sam Houston Distribution Center, an 833.7k sf, Class A industrial park in Northwest Houston. The three-building park is slated for delivery in second quarter 2020.
| Scottsdale, AZ Res Complex Acquired for $18 Mil by Local Investor
The Winfield of Scottsdale, a 95-unit apartment complex in Scottsdale, AZ, was purchased by a Michigan-based investment entity for $18.3 mil, or $192.6k/unit. The property is located at 8021 East Osborn Rd, west of Route 101....
| BKM Capital Partners Makes $30 Mil Industrial Buy in Washington State
BKM Capital Partners has acquired West Valley Business Park, an industrial complex consisting of 179 units in 19 buildings totaling 205.7k sf in Seattle’s Kent Valley submarket. BKM acquired the property, located at 19226 66t...
| Distinctive Culver City Retail Building Sells for $650/sf
Tova Capital Inc has acquired the “Allied Model Trains” building, a 12.6k sf retail structure in Culver City, for $8.2 mil ($651/sf). The building is located at 4411 Sepulveda Blvd, east of the 405 Fwy and just south of Culve...
| AZ Self-Storage Goes for $17k/Unit
Dominion Verrado Self-Storage, a 524-unit self-storage facility in Buckeye, AZ, has sold for $9.1 mil ($17.3k/unit). It is located at 20825 W. McDowell Rd, north of I-10 and west of Verrado Way.
Dominion Verrado Self-Storage...
| Cardinal Health Leases 1 msf Facility in the Inland Empire
Cardinal Health has agreed to a long-term lease to occupy an entire 1.01 msf, state-of-the-art warehouse and distribution center in Riverside. Terms of the lease were not disclosed.
Acquired last month by Dedeaux Properties,...
| Construction Financing Secured for Mixed-Use Project in Denver’s Arts District
Art District Holdings, a Denver-based apartment developer, has secured $26 mil in construction financing for the development of an eight-story apartment and retail building in Denver’s Arts District. The funds were provided b...
| Commercial Real Estate Financing Briefs
HIGHLAND REALTY CAPITAL - Mike Guterman and Brad Sevier with Highland Realty Capital arranged a $66.5 mil bridge loan on behalf of an affiliate of Pearlmark Real Estate for Village Walk, a 149.3k sf, Whole Foods- anchored sho...
| Los Angeles Investment Entity Closes $22 Mil AZ Office Buy
The Rodriguez Family Trust of Los Angeles, a 1031 exchange buyer, acquired Deer Valley Financial Center, a 127.6k sf, Class A office building in Phoenix, for $22.15 mil ($174/sf). The property was sold by a joint venture betw...
| Investors Trade 112k sf Sacramento Area Office Building
A four-story, 112.5k sf Class A office property in Rancho Cordova traded hands in a recent transaction. The property is located at 2882 Prospect Park Drive, adjacent to Lincoln Hwy, about 15 miles east of downtown Sacramento....
| Grocery-Anchored Center in Stockton Gets New Owner in $17 Mil Transaction
Stockton Plaza, a 105.3k sf, grocery-anchored retail center in Stockton, sold for $17 mil, or $161/sf. The center is located at 2323 W. Hammer Lane, between I-5 and Thornton Rd.
Anchored by Food Source (Raley’s), Stockton Pl...
| Trio of Recent Loan Portfolio Sales Total $113 Mil
Three loan portfolios, totaling approximately $113 mil, have been sold in separate dispostions by a leading California-based bank and two global private equity firms. Patrick Arangio, Jack Howard and Kurt Altvater with CBRE’s...
| Courtyard Portland Clackamas Gets a New Owner
Courtyard Portland Clackamas, a 136-room hotel in the Clackamas, OR, was sold. The price was not disclosed.
Courtyard Portland Clackamas is located at 9300 SE Sunnybrook Blvd, approximately 11 miles southeast of Downtown Por...
| Rockefeller Group Starts Work on 204k sf Spec Distribution Center in the Inland Empire
Rockefeller Group has broken ground on a 203.9k sf, spec distribution center located on 8.78 acres of industrial land in Moreno Valley. The new building, which follows Rockefeller Group’s recent completion of 2 msf of new in...
| Walls Tilted at New Medical Office Building in Valencia
In a development update out of North L.A. County, the walls have beent tilted at Tourney Place- Building 6, a 45.7k sf, three-story medical office building in Valencia. This latest addition is part of the larger Tourney Plaza...
| Construction Started on $43 Mil Mt. San Jacinto College Campus
Construction has begun on Mt. San Jacinto College’s (MSJC) new $43.3 mil, 350k sf Temecula Valley Campus. The general contractor is C.W. Driver Companies.
Consisting of a seismic retrofit and tenant improvement of an existin...
| San Dimas Office Building Acquired by Taiwan-Based Entity in $20 Mil Deal
An 87.2k sf, suburban office building in San Dimas was acquired by Taiwan-based HCT Logistics Co LTD for $19.9 mil ($228/sf) in cash. The property was sold by 955 Overland Venture LLC, a local real estate investment company.
| San Diego Area Industrial Property Sells for $200/sf
A 46.9k sf, stand-alone industrial building located in San Diego’s Rancho Bernardo neighborhood sold for $9.5 mil, or $203/sf, in an off-market transaction.
The property, located at 12375 World Trade Drive, is a highly funct...
| Bay Area Exchange Transaction Entailed Multifamily and Office Trades that Totaled $28.6 Mil
We’ve got news of a recent 1031 exchange that consisted of two Bay Area transactions totaling $28.6 mil. The exchange began with the $22.5 mil sale of Woodgate Apartments, a 34-unit multifamily community in Mountain View, and...
| Investment Venture Gets to Think Here
Think Here, a 161k sf, two-building Life Science/R&D office campus in Thousand Oaks, was acquired by a venture of Singerman Real Estate LLC and HATCHspaces LLC. The price was not disclosed.
The property is comprised of two b...