| Class A Industrial Project Started in Goodyear, AZ
New York-based Foundation Capital Partners (FCP) and Chicago-based Baker Development Corporation (BDC) have broken ground on a two-building, Class A industrial project called VB/143. Located in the heart of Goodyear, Arizona,...
| Phoenix Retail Portfolio Sells in $21.5 Mil Deal
A retail portfolio comprising four metro Phoenix retail assets totaling 29k sf and three fully improved developable retail pads in Phoenix’s West Valley traded in a $21.45 mil transaction. An unnamed private family trust acqu...
| AZ Biz Park Traded for $13.25 Mil
Scottsdale Airpark Corporate Center, a 101k sf, three-building flex office project in Scottsdale, AZ, was acquired by Hayden AWS Properties LLC and Dunbar SACC LLC in a recent $13.25 mil ($131/sf) transaction. The asset is lo...
| Community Preservation Partners Has Acquired CO Affordable Housing Property with Plans for Extensive Renovation Work
Community Preservation Partners (CPP) has acquired and recapitalized Casa Del Sol, a 47-year-old, 154-unit affordable housing community in Pueblo, CA. The $22.6 mil project marks the developer’s entry into Colorado – its nint...
| Two AZ Medical Office Buildings Fetch Over $11 Mil
Canvass Capital paid $11.27 mil for two AZ medical office buildings owned by SKI Properties. Together, the buildings total 31.4k sf ($359/sf) and are 100% leased by Southwest Kidney Institute (SKI) and a partnership between S...
| Oregon Medical Office Building Snagged by a Private Investor for $10.75 Mil
Wilsonville Medical Plaza, a 24.1k sf medical office building in the Portland-area community of Wilsonville, OR, has sold for $10.75 mil ($446/sf). The asset was acquired in an all-cash transaction by a private investor in a ...
| Investor Picks Up 106k sf Building in Goleta
A local investor purchased a 106.3k sf building on 6.9 acres in Goleta. Although the closing price was not released, we do know that the offering was listed for $35.5 mil, or $334/sf.
The facility, located at 6300 Hollister...
| TX Medical Office Building Trades
Town Center Medical, a Class A building totaling 29.8k sf in Sugar Land, TX, was sold. The property, located at 16545 Southwest Fwy, is directly across from Houston Methodist Sugar Land Hospital, a 319-bed general acute care ...
| Two Bay Area Multifamily Properties Trade in Deals Totaling Over $23 Mil
We’ve got two recent Bay Area multifamily sales with a combined price tag of $23.4 mil to report. One of the deals was in the East Bay, while the other was in Silicon Valley.
In the larger of the transactions, Terra Castro V...
| Draftsmen & Craftsmen
Work has been completed on AC Hotel Los Angeles South Bay, a 98.7k sf, six-story hotel in the heart of El Segundo’s business district. The project is a development of Welcome Group Inc and was built by R.D. Olson Construction...
| Passco Buys 384-Unit Multifamily Property in Texas
Passco Companies has acquired Boterra Bay Apartments, a Class A, 384-unit multifamily community in Baytown, TX. The price was not disclosed.
“While we’ve been bullish on the greater Houston area for some time due to its soli...
| Lifestyle Res Complex Opens in Murrieta
Mitchell Place, a 230-unit, lifestyle apartment community in Murrieta, has been completed and has opened to the public. The new gated neighborhood, a development of MBK Rental Living, consists of 78 flats and 152 townhomes wi...
| Trammell Crow Company to Build Spec Office Project in Scottsdale Airpark Submarket
Trammell Crow Company (TCC) Phoenix has unveiled plans for its newest development, Axis Raintree. The Scottsdale, AZ project will include a 175k sf, three-story, Class A speculative office building with a structured garage. C...
| Prologis Pays $41 Mil for 11-Acre Site in Commerce
Prologis has purchased an 85k sf industrial facility set on 11.24 acres in Commerce for $41 mil. The property is located at 2420 Yates Ave, close to a densely populated area.
Kidder Mathews commercial real estate brokers, J...
| Pathfinder Partners Closes $20.7 Mil Value-Add Buy in Colorado
In what is viewed as a value-add multifamily buy, Pathfinder Partners paid $20.725 mil for The Station, a 97-unit ($214k/unit) community in Littleton, CO, a suburb of Denver. Constructed in 1983, the property is located at 21...
| Ribbon Communications Takes 110k sf at TX Biz Campus
Ribbon Communications has signed a long-term lease for 110k sf of space at the Legacy Central campus in Plano, TX. Terms of the lease were not disclosed.
Legacy Central is a 950k sf, Class AA campus spanning 85 acres at the ...
| Neighborhood Center in the Conejo Valley Trades for $18 Mil
Conejo Gateway, a 47.3k sf neighborhood retail center in the Conejo Valley, sold for $18 mil ($380/sf). The center is located at 701 Wendy Dr, just off the 101 Fwy in the Newbury Park area of Thousand Oaks.
The neighborhood ...
| Unique Property in Downtown Hermosa Beach Sells for $775/sf
The Bijou Building, a 23.2k sf, three-story mixed use office/retail building located in downtown Hermosa Beach, traded hands in a recent $18 mil ($776/sf) transaction. The property is located at 1221 Hermosa Ave, just one blo...
| CapRock Partners Buys 226k sf AZ Industrial Asset in a Venture with CenterSquare Investment Management Client
CapRock Partners, in a venture with an institutional client advised by CenterSquare Investment Management, purchased Papago Distribution Center, a 226.4k sf, Class A industrial property in Phoenix, AZ. The price was not discl...
| BKM Capital Partners Completes WA Industrial Buy
In a recent $14.7 mil industrial buy out of the Pacific Northwest, BKM Capital Partners has acquired Federal Way Industrial Portfolio, a two-property portfolio consisting of eight buildings totaling 133.6k sf ($110/sf) in Fed...