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• Phoenix Office Building Gets New Owner in $14.55 Mil Transaction
11/28/22
A joint venture of Crowne Point Equity LLC, Corsair Management LP and A-1 Legacy Properties LLC paid $14.55 mil for a 42k sf ($346/sf) office building in Phoenix. Located at 6225 North 24th Street, the three-story building is...
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• Prologis Buys Industrial Dev Site in Phoenix’ Deer Valley Area
11/23/22
Global industrial real estate leader Prologis has a 7.95-acre, infill land parcel in Phoenix for $8.65 mil. The site was sold in an off-market deal by Wadsworth Development.
The firm plans to develop two industrial building...
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• Buyers Pick Four Up Former Sears Sites in California
11/22/22
Four former Sears development sites located across California were acquired by private investors in separate deals. The assets, in Fairfield, Ventura, Salinas and Sacramento, were sold by a single investor. The prices were no...
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• Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
11/18/22
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
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• New Medical Office Building in Encinitas Nearing Completion
11/15/22
Construction is nearing completion on a brand new, Class A multi-tenant medical office building in Encinitas. Located at 777 N El Camino Real, the 12.2k sf facility represents the first speculatively built medical office buil...
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• Class A, 222k sf Office Portfolio in Carlsbad Gets New Owner
11/15/22
M.C. Strauss, out of Solana Beach, acquired a 222k sf, multi-building Class A office portfolio in Carlsbad. The purchase consists of Carlsbad Executive Plaza and The Plaza with a combined six buildings.
Carlsbad Executive Pl...
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• Nadel Architecture + Planning Forms Partnership with Lisbon-based Saraiva + Associados
11/14/22
Los Angeles-based Nadel Architecture + Planning has formed a partnership with Lisbon-based Saraiva + Associados (S+A). S+A maintains the 9th largest residential practice in the world and is the largest architectural firm in ...
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• 200-Unit Arizona Build-to-Rent Community Breaks Ground
11/14/22
Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
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• Phoenix Office Building Traded in $11 Mil Deal
11/11/22
Black Canyon Commerce Center – Building A, a 62.8k sf, multi-tenant office building in Phoenix, was acquired by Washington-based Evergreen Associates LLC for $11.2 mil, or $178/sf. Located at 2101 West Peoria Ave, the single-...
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• Xcel Energy Acquires 10 Acres in Colorado for 40k sf Build-to-Suit
11/10/22
Xcel Energy acquired 10 acres at HighPoint Elevated, a 5 msf industrial park in development in Aurora, CO, from the project’s developers—Hyde Development and Mortenson—for $2.7 mil. Hyde and Mortenson will partner on the cons...
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• Retail/Medical Center in Vegas Trades for $298/sf
11/09/22
Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market.
Anc...
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• Westport Properties to Develop New Industrial Facility in Henderson, NV
11/08/22
Westport Properties plans to develop a new, 81.5k sf industrial facility on a recently acquired land parcel in Henderson, NV. The company will begin construction in the first quarter of 2023.
The building, located at the cor...
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• Propeller Inc Lands at Field Office in Portland
11/04/22
Propeller Inc, an Oregon-based management consulting firm, has signed a new 11.7k sf lease in Portland’s North Pearl District. The company is relocating its Portland office to Field Office, located at 2035 NW Front Ave. Terms...
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• Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver
11/04/22
Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
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• Seven-Property Self-Storage Portfolio Traded
11/04/22
A seven-property self-storage portfolio in Arizona and Minnesota traded hands. The primarily Southwest and Midwest portfolio totals 606.2k sf sf of covered RV/Boat parking, and 20.4k sf of uncovered parking, totaling 5,890 un...
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• AZ Industrial Sales Comp Works Out to $159/sf
11/03/22
In an AZ industrial buy, Pennybacker Capital Management LLC paid $11.5 mil for a fully leased 72.1k sf ($159.50/sf) facility in Tempe. Known as the Tempe Industrial Center the freestanding building is 100% leased and serves a...
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• North Palisade Partners Starts Work on New Distribution Project in Vernon
11/02/22
North Palisade Partners has broken ground on Palisade Santa Fe Center, a 59k sf, Class A industrial property in Vernon. The site is located at 5655 Santa Fe Ave, south of I-10 and east of I-110 in the mid-cities L.A. area.
T...
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• BKM Capital Partners Closes $20 Mil Light Industrial Buy in the Seattle Area
11/01/22
BKM Capital Partners expanded its Puget Sound portfolio with the acquisition of Pacific Industrial Park in Marysville, WA for $20.3 mil. The Seattle-area, 122k sf light industrial park includes four buildings situated on 8.65...
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• Phoenix Office Building Trades for Over $9 Mil
10/31/22
Goodyear Financial Center, a 44.1k sf, multi-tenant office building in Goodyear, AZ, was purchased by a Seattle-based private investment entity for $9.2 mil ($209/sf). Located at 250 N Litchfield Rd in Phoenix’s West Valley ...
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• Seattle Investor Picks Up Retail/Creative Office Building in Phoenix
10/28/22
A Seattle-based investment company has purchased The Strip, a two-story, mixed-use, retail and creative office property in Phoenix, for $4.4 mil. Located at 4700 North 12th St, the multi-tenant development is 100% leased.
Th...
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