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• Colorado Multifamily Community Lands New Financing of $58 Mil
5/24/22
The Bluffs at Castle Rock, a 220-unit, garden-style multifamily community in Castle Rock, CO, is being renovated and recapitalized, thanks to a new $58.2 mil senior loan. The funding is being provided to the joint venture own...
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• Apartment Community in Central Phoenix Sells for Over $26 Mil
5/23/22
The Willow, an 86-unit multifamily property in Central Phoenix, was purchased by in-state investment group for $26.7 mil, or $310.5k/unit. The property is located at 6315 North 16th St, near the Camelback Corridor, with an ab...
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• Lotus Company Spends $25 Mil on Colorado Office Asset
5/19/22
Lotus Company paid $25.4 mil for Church Ranch Corporate Center, a 124.5k sf ($204/sf), Class A office asset in Westminster, CO. The four-story, multi-tenant building, located at 10170 Church Ranch Way, along the US-36 / Denve...
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• Spokane, WA Industrial Sales Total $62 Mil
5/17/22
We’ve learned of two recent industrial sales in the Spokane, WA area that total roughly $62 mil. The deals were for a 306k sf building located at 9212 W Hallett Rd in Cheney (the Hallett Building), and a 111k sf building loca...
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• Arizona Retail Center Goes for $14 Mil
5/17/22
Coldwater Plaza, an 80.6k sf retail center shadow-anchored by Home Depot and Sam’s Club and located in Avondale, AZ, traded for $14 mil, or $174/sf. The property was sold by the original developer, WM Grace Companies, who bui...
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• Time Equities Buys Phoenix Biz Park
5/12/22
NY-based Time Equities Inc has purchased Paradise Village Office Park, a 268.5k sf office campus in Phoenix. The property was sold by Sterling Equities and Lincoln Property Company, which had co-owned the property for more th...
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• State-of-the-Art Retail Gun Range Facility Completed in Colorado
5/10/22
Construction has been completed on The Gallery Sportsman’s Club & Range, a new state-of-the-art facility featuring a high-tech shooting range, gear shop, coffee bar, restaurant, and lounge. The Lakewood, Colorado destination,...
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• Chapman University Defeats UCI in NAIOP SoCal’s Inaugural OC Real Estate Challenge
5/10/22
Students from the George L. Argyros School of Business & Economics at Chapman University successfully competed against a team from the University of California, Irvine to develop a winning land use proposal for a site in Anah...
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• Lincoln Property Company and Angelo Gordon Pick Up 77k sf Vista
5/10/22
A 76.9k sf industrial building in Vista was recently purchased by a joint venture between Lincoln Property Company and Angelo Gordon. The building will be repositioned for future life science use. The buyers obtained $27.4 mi...
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• AZ Creative Office Property Trades for Over $7 Mil
5/10/22
Fiesta Square, a multi-tenant creative-style office complex in Mesa, AZ, was acquired by Newport Beach-based Scriba Waldron Capital for $7.25 mil ($208/SF). The property consists of 35k sf of space within two two-story buildi...
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• MC Companies to Build 156-Unit Res Project in the Tucson Area
5/09/22
MC Companies plans to develop a $39.6 mil, 156-unit Class A multifamily development in the suburbs immediately north of Tucson, AZ, where renter demand continues to outstrip supply. The community, called Arroyo Verde, will be...
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• Westlake Village Office Asset Trades in $35 Mil Deal
5/06/22
The Harkham Family has purchased 2625 Townsgate, a 132k sf, Class A creative office property in Westlake Village, for $35.1 mil, or $266/sf. The acquisition was part of an exchange following the buyer’s $200 mil sale of 360 N...
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• TruAmerica Multifamily Picks Up 310-Unit Texas Apartment Community
5/04/22
TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving.
Rancho...
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• Escondido Multifamily Project Sells for $25 Mil
5/04/22
City Plaza, a newly built, 56-unit multifamily property in Escondido, sold for $25 mil, or $446.4k/unit. The four-story, 63.7k sf project is located at 300-330 South Escondido Blvd.
City Plaza, built in 2018, is located just...
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• Constellation Real Estate Partners and Crow Holdings Capital Pick Up 52 Acres in El Paso, Texas
5/03/22
Constellation Real Estate Partners and a Crow Holdings Capital-advised fund have acquired 52.29 acres of land on Bill Burnett Dr in El Paso, TX for the development of a three-building, 798.5k sf state-of-the-art industrial pr...
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• LDK Ventures to Build 345k sf Industrial Park in Idaho
5/03/22
LDK Ventures plans to build a three-building, 345k sf industrial park in Nampa, ID, approximately 20 miles west of Boise. The project, located at the corner of Madison Rd and E Cash Lane, is being funded with a $37.4 mil seni...
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• Strategic Storage Trust VI Picks Up Portland Area Self-Storage Property
4/29/22
Vancouver Self Storage, a 1,134-unit, all climate-controlled self-storage facility in the Portland-area community of Vancouver, WA, was acquired by Strategic Storage Trust VI Inc. The property was sold by an affiliate of Bann...
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• New Luxury Res Community in West Hollywood Starts Pre-Leasing
4/29/22
Empire at Fairfax, a new 34-unit luxury boutique residential apartment community with ground-floor retail spaces, has been completed and is currently in the pre-leasing phase with move-ins beginning in May 2022. The five-stor...
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• Washington Power Center Goes for Over $18 Mil
4/28/22
Transnational Management paid $18.4 mil for Skagit Valley Square, a 166.8k sf ($110/sf) retail power center in Mount Vernon, WA. The property, located at 102-310 East College Way, adjacent to Interstate 5 and approximately 25...
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• Rockefeller Group Spends $4.26 Mil on Six Acres in North Las Vegas
4/27/22
Rockefeller Group has purchased a six-acre parcel in the North Las Vegas industrial submarket for $4.26 mil. The company will develop Nellis Logistics Center, a 134.1k sf speculative distribution facility on the property, wh...
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