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June 2, 2023
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• CapRock Partners Buys 131k sf Class A Industrial Facility in Phoenix
CapRock Partners acquired a 130.8k sf, Class A industrial building in Phoenix. The facility is situated on 6.4 acres at 5810 W. Buckeye Rd, along Phoenix’s Loop 202 Fwy. Pre-leased to Metrie Inc, North America's largest man...
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• Vicky Schiff, Dream Unlimited Corp and PaulsCorp LLC Launch Avrio Real Estate Credit
Dream Unlimited Corp, PaulsCorp LLC and Vicky Schiff have teamed up to launch a new firm, Avrio Real Estate Credit. Avrio will offer short-term, first mortgage debt and other structured finance products including B notes, mez...
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• TerraLane Communities and Franklin Mountain Investments to Start Work on Texas Build-to-Rent Community
TerraLane Communities, in a venture with Franklin Mountain Investments, purchased 94 single-family “finished” lots within the Campo del Sol masterplan in the El Paso, TX area for the development of a new premier rental home c...
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• Affordable Mixed-Use Project in Denver Gets Underway
Construction is now underway for the Montbello Freshlo Hub, a mixed-use development in the Montbello neighborhood of Denver. The project, which is a collaboration between the City and County of Denver and the Denver Housing A...
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• Stockton Foundation Buys 165-Acre Parcel in Cypress, TX
Stockton Foundation Inc purchased a 165-acre land parcel in Cypress, TX in an off-market transaction. The property is located at 19835 Telge Rd, on the northwest corner of Telge Rd and Grand Pkwy. The price was not disclosed....
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• Dunleer Picks Up 144-Unit Res Asset in Dallas
L.A.-based Dunleer has acquired The Lex, a 144-unit value-add apartment community located at 9701 West Ferris Branch Boulevard in Dallas, TX. Built in 1984 and situated on 5.97 acres of land, the gated community features six ...
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• AHV Launches Third-Party Built-For-Rent Services®
AHV Communities has launched Third-Party Built-for-Rent® Services, providing end-to-end, institutional grade development and homebuilding services to the fast growing Built-for-Rent® sector. The services are being offered to ...
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• SENTRE Closes 148k sf Industrial Buy in Poway
SENTRE has purchased Parkway Commerce Center, a 147.9k sf, multi-tenant industrial park in Poway, CA. The deal was financed with an acquisition loan for $21.43 mil. Parkway Commerce Center is comprised of two warehouse/distr...
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• DXD Capital Completes Work on Las Vegas Self-Storage Facility
DXD Capital has completed development and opened a new, state-of-the-art 991-unit self-storage facility in Las Vegas. The company originally acquired the 1.7-acre parcel, located at 7435 West Sahara Ave, in January 2021. D...
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• Colorado Grease Monkey Fetches $577/sf
A 5.3k sf, single-tenant property occupied by Grease Monkey in Monument, CO, sold for $3.06 mil, or $577/sf. The property is situated on a 0.43-acre parcel at 213 W. Hwy 105, at the hard corner, signalized intersection of Hwy...
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• Carlsbad R&D Building Fetches $18.6 Mil in Second Trade in Just Over a Year
A 37.2k sf industrial/R&D building in Carlsbad has traded hands for second time in just over a year. In this latest deal, Hazard Jr Enterprises LP, a family-owned entity advised by San Diego-based Commercial Facilities Inc, p...
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• Reno Hotel Portfolio Trades Hands
A portfolio comprising two hospitality assets totaling 229 rooms in Reno traded hands. The assets consist of a 94-key Staybridge Suites hotel and a 135-key Hilton Garden Inn hotel. They are located within one mile of each oth...
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• Lincoln Property Company Makes Two Pro Moves to Boost Its Pacific Northwest Leadership
There are two notable leadership moves at Lincoln Property Company in the firm’s Pacific Northwest region. Ryan Feigelson has joined the firm as Senior Vice President, while Lee Morrison has been elevated to a newly created p...
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• Event Center Property in San Antonio Goes for Over $5 Mil
Villita Assembly Building, a 24.8k sf event center situated along San Antonio’s River Walk, was acquired by GrayStreet Partners, a local private-equity firm, for $5.3 mil ($214/sf). The property was sold by CPS Energy, San An...
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• Las Vegas Industrial Park Trades for $6 Mil
Windy Road Warehouses, a 19.2k sf, four-building industrial park in Las Vegas, was acquired by a private investor in a recent $5.95 mil transaction. Built in 1988, the property is located at 6460 – 6478 Windy Rd in the highly...
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• Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield
Stanford University has awarded a 14-building, 1.1 msf office portfolio in addition to a 7 msf NNN ground lease portfolio to Cushman & Wakefield’s Northern California Asset Services team. The properties are located in one of ...
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• Utah Ski Resort/Residence Listed for $50 Mil by Iluminous Group
Iluminus Group is selling a 17.5k sf, five-acre luxury ski-in/ski-out property in Park City, UT. The estate is in the exclusive Colony at White Pine Canyon gated community and is tucked into the mountains at the base of Monit...
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• $16.8 Mil Sandi Simon Center for Dance Completed at Chapman University
Chapman University has completed construction of its Sandi Simon Center for Dance, a project that involved the adaptive reuse of an historic Villa Park Orchards (VPO) packing house originally built in 1918. The work was done ...
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• Lew Horne to be Inducted into NAIOP SoCal Hall of Fame
Lewis “Lew” C. Horne, a well-respected leader in the commercial real estate industry and greater Los Angeles and Orange County business community, will be inducted into NAIOP SoCal’s Hall of Fame as part of the organization’s...
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• Las Vegas Land Parcel Sells for $8 Mil
A 5.98-acre land parcel in Las Vegas traded for $8 mil, The site, located at 5095 E. El Campo Ave, is zoned for industrial use and provides easy access to Interstates 15 and 215. The parcel is Union Pacific Railroad rail ad...
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