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• Hines Global Income Trust Picks Up Portland Area Call Center Property
4/26/22
Hines Global Income Trust has purchased a single-story, call center building totaling 211.9k sf in the Portland-area community of Hillsboro. The property, located at 10500 NE Walker Rd, was sold by an unnamed public REIT.
Th...
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• 266-Acre NoCal Property Trades for Over $7 Mil
4/22/22
A unique, 266-acre property in NoCal’s Mount Shasta traded hands in a $7.15 mil transaction. The property, purchased by a Bay Area private investor, sits roughly 60 miles south of the California/Oregon border. The transaction...
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• Local Investor Closes $25 Mil Exchange into Texas Shopping Center
4/22/22
A Texas-based 1031 exchange investor paid $25 mil for Northcrest Village, a 136.1k sf ($184/sf) shopping center in Carrollton, TX. The property, located at 3044 Old Denton Rd, was sold by an Oklahoma-based developer.
Northc...
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• Greenlaw Partners Invests $24.5 Mil in San Diego Industrial Acquisition
4/22/22
In a recent San Diego-area industrial buy, Greenlaw Partners purchased San Diego International Center, a 106.6k sf industrial warehouse in Otay Mesa. The property, located at 2323 Avenida Costa Este, traded for $24.5 mil ($23...
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• Phoenix Medical Office Building Trades for $338/sf
4/21/22
Grunow Memorial Medical Center, a 53k sf medical office building in Phoenix, was purchased by a private Canadian investor for $17.9 mil ($338/sf). The property was sold by Meridian after the firm had renovated and repositione...
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• BH Properties Buys 245k sf Texas Retail Center
4/20/22
LA-based BH Properties has acquired Round Rock Crossing, a 245.6k sf strip retail center in the Round Rock suburb of Austin, TX. Built from 2004 to 2006, the eight-building property is located within a major retail corridor i...
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• RM Communities Closes 64-Unit OR Res Purchase
4/20/22
RM Communities has purchased Edison Apartments, a 64-unit apartment community in Gresham, the largest suburb of Portland, for $19.5 mil ($305k/unit). The asset was sold by Trion Properties, who acquired it in October 2020 for...
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• Next Wave Investors Buys 232 Res Units in Texas
4/19/22
Next Wave Investors LLC has acquired Casa Luna Apartments, a 232-unit apartment community in Dallas, TX. The addition of Casa Luna, located at 8411 La Prada Dr E, brings Next Wave’s multifamily portfolio in the Dallas-Fort Wo...
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• ViaWest Group and Nicola Wealth Real Estate Team Up to Develop 20.77 Acres of Permit-Ready Land in Mesa
4/15/22
ViaWest Group and Nicola Wealth Real Estate have purchased a 20.77-acre industrial development site in Mesa, AZ for $9.692 mil. The development will be called Advanced Industrial Park.
The development will be comprised of th...
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• Phoenix Res Community Acquired by FSO Capital Partners in $33 Mil Deal
4/15/22
FSO Capital Partners has purchased Park Central Luxury Townhomes, a 56-unit townhome rental community in Phoenix, for $33.5 mil ($598k/unit). The property was sold by Next Wave Investors LLC, who acquired the community for $2...
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• FD Stonewater Picks Up 223k sf AZ Industrial Building
4/14/22
FD Stonewater, an Arlington, VA-based real estate firm, purchased Alside Distribution Center, a 222.6k sf industrial building in Yuma, AZ. It was sold by Merit Properties.
Alside Distribution Center, located at 7550 East 30t...
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• Scottsdale, AZ Office Building Sells for Over $500/sf
4/13/22
A 10.7k sf office property in Scottsdale, AZ was purchased by a NoCal-based private investor for $5.7 mil, which works out to $531/sf.
Located at 20865 North 90th Place, the high-image property sits within the exclusive DC R...
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• UCLA Anderson Ranked 7th Top Real Estate Program by U.S. News
4/12/22
UCLA Anderson School of Management has been named the 7th best real estate MBA program by U.S. News & World Report (U.S. News). The publication’s 2023 Best Business Schools survey is the leading business school survey in the ...
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• KBS Obtains UL Verified Healthy Building Mark for Indoor Air for Over 14 msf of Its Properties
4/11/22
KBS has completed the verification of more than 14 msf of Class A office space in its real estate portfolios, achieving the UL Verified Healthy Building Mark for Indoor Air.
For buildings to earn verification, each proper...
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• Stillwater Capital Investments Buys 16.6-Acre Development Site in Mesa, AZ
4/08/22
Dallas-based Stillwater Capital Investments acquired a 16.6-acre multifamily development site in Mesa, AZ in an $11.1 mil transaction. Stillwater plans to construct a brand new 373-unit Class A apartment community on the site...
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• Veleta Capital LLC and Oaktree Capital Management Team Up for New Lending Platform
4/07/22
Veleta Capital LLC and funds managed by Oaktree Capital Management L.P. have launched a strategic joint venture, Veleta Capital Partners (“VCP”), creating an institutional lending platform for multifamily and commercial real ...
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• Magma Equities and Franklin Templeton Pick Up 281-Unit Multifamily Community in Texas
4/07/22
Magma Equities, in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas. The purchase represents Magma’s fourth multifamily investment...
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• 33-Bed Acute Medical Center in Kansas Trades in $40 Mil Deal
4/06/22
A 64k sf, 33-bed acute medical center in Great Bend, KS traded for $39.9 mil. Completed in 2000 with most recent renovations in 2012, the property is a two-story, acute medical center that is 100% occupied by the University...
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• New 293-Unit Lakefront Community in Texas Opens Its Doors
4/06/22
880 LYN, a 293-residence, lakefront community in the master-planned community Las Colinas in Irving, TX, has opened its doors. The community is a development of Legacy Partners. It will be managed by ZRS Management.
The tran...
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• Parkview Financial Spends $19 Mil on 24k sf Office Building in L.A.’s Brentwood Neighborhood
4/05/22
Parkview Financial has acquired a three-story, 24.3k sf multi-tenant office building in the Brentwood neighborhood of West Los Angeles for $19 mil ($782/sf). Parkview intends to occupy the entire second floor of the building,...
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