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September 30, 2022
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• Rockworth Companies and the Gasser Family to Start Construction on 336-Unit Multifamily Project in Meridien, ID
8/19/22
Construction of Village Apartments, a Class A, 336-unit apartment development in Meridien, ID, is expected to begin in the coming months with completion anticipated for fall 2024. The project, a development of a joint venture...
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• New 1.75 msf Logistics Development Gets Underway in Phoenix’s Loop 303 Corridor
8/18/22
Merit Partners, First Industrial Realty Trust and Diamond Realty Investments have broken ground on Phase One of C|303, a Class A modern industrial logistics park situated in the heart of metro Phoenix’s Loop 303 industrial co...
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• Investors Nab Two Colorado Springs Retail Centers in $13.85 Mil Worth of Deals
8/17/22
Two shopping centers in Colorado Springs, CO traded hands in separate deals totaling $13.85 mil. A Colorado-based private investor acquired Springs Ranch Shopping Center for $8.3 mil, while a San Diego-based 1031 exchange inv...
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• Greystar Completes Trio of Housing Projects in Seattle
8/16/22
Greystar has completed three urban rental residences totaling 838 units centrally located in the city of Seattle. The projects first began construction between 2019 and 2020, striving to ease the local market’s housing demand...
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• MAG Capital Partners Buys Utah Cold Storage Facility
8/12/22
MAG Capital Partners LLC purchased a 62.9k sf cold storage facility in Ogden, UT. The property, located at 130 West 28th St, is tenanted by Western Gateway Storage Corp. Terms of the sale were undisclosed. Situated on 1.34 a...
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• MIG Real Estate Buys 104-Unit WA Community for $53 Mil
8/11/22
MIG Real Estate LLC has purchased the 104-unit Cedar Rim Apartments in Newcastle, WA for $52.9 mil, or $509k/unit. MIG is planning to enhance the exterior and common areas of the property. Cedar Rim is located at 7920 110th ...
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• Target Leases New 141k sf Class A Distribution Facility in Central Denver
8/10/22
Target Corporation has leased a brand new, 141.5k sf Class A industrial/distribution building in Central Denver. The building, located at 6300 North Broadway, is owned by Prologis and named Prologis Broadway Distribution Cent...
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• Davlyn Investments Spends $65 Mil on Vegas Res Community
8/10/22
Davlyn Investments has purchased Rancho Destino, a 184-unit, luxury, multifamily community situated on 9.1 acres at 4355 S Durango Dr in Las Vegas, for $65.5 mil ($356k/unit). The property, which has been re-branded “Aviara,...
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• Colorado Single-Tenant Industrial Asset Gets New Owner in $4.2 Mil Deal
8/05/22
A 16.3k sf, single-tenant industrial building on 7.24 acres in Windsor (Fort Collins), CO sold for $4.17 mil ($256/sf) in an off-market deal. The property was purchased by Pioneer Land Company LLC, which was fulfilling a 1031...
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• Construction Underway on 246-Unit Sustainably-Designed Res Community in Washington
8/05/22
Construction on Ninebark, a 246-unit sustainably designed apartment home community nestled between Camas and Washougal, WA, in Clark County is underway. The project is a development of Killian Pacific. The design and constru...
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• Riverside Multifamily Community Sells for $60 Mil
8/05/22
Raincross Promenade, a 141-unit luxury property in Riverside, sold for $60 mil ($425.5k/unit). Built in 2010, the property is located at 3250 Market St, west of I-215 and south of Hwy 60. Raincross Promenade is four floors i...
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• LBA Logistics Acquires 590k sf Distribution Complex in Portland
8/04/22
LBA Logistics purchased Marine Drive Distribution Center, a 590.1k sf, four-building distribution center in Portland. The property was sold by Clarion Partners. Marine Drive Distribution Center is comprised of one single-ten...
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• El Cajon Multifamily Community Traded in $34 Mil Deal
8/03/22
The Madison, a 110-unit apartment community in the East San Diego County City of El Cajon, sold for $34 mil, or $309k/unit. Built in 1976, the property is located at 1360 East Madison Ave. The Madison comprises a unit mix of...
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• JPI Acquires 482-Unit Riverside Res Project Currently Under Construction
8/02/22
JPI acquired a 482-unit apartment project on approximately 18 acres located near the intersection of CA-60 and I-215 in Riverside. The project is part of a larger 35-acre mixed-use development called The Exchange being develo...
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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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