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February 1, 2023
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• Global Mutual and Rialto Capital Management Entity Buy AZ Corp HQ Property
10/07/21
A joint venture between real estate investment firm Global Mutual and funds managed by Rialto Capital Management purchased a 153.7k sf corporate HQ property in Scottsdale for $25 mil ($163/sf). The three buildings sit on rou...
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• SWC Development Partners Buys 28 Acres of Development Land in Surprise, Arizona
10/07/21
South Dakota-based SWC Development Partners purchased 27.9 acres of land in Surprise, AZ for $7.14 mil. The buyer will use the site for development of a multi-phased industrial development of warehouse/distribution, manufact...
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• Elion Partners Buys 72k sf Carlsbad Facility from Rexford Industrial for $18.6 Mil
10/06/21
Newton Corporate Center, a 71.6k sf, multi-tenant, industrial/R&D building in Carlsbad, has sold in a transaction valued at $18.6 mil, or $260/sf. The facility sits on approximately 4.45 acres at 5803 Newton Dr, off Faraday A...
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• TriWest Multifamily Buys 312-Unit Res Community in Albuquerque
10/05/21
TriWest Multifamily has acquired Monterra Apartments, a 312-unit residential community located at 4217 Louisiana Blvd NE in Albuquerque, New Mexico. The property was purchased in an off-market transaction from Vukota Capital...
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• Creative Office Property in Phoenix’s Warehouse District Fetches $274/sf
10/04/21
A CO-based private investor paid $5.76 mil ($274/sf) for a 21k sf creative office property in Phoenix’s Warehouse District. Maricopa County Regional School District signed a long-term, NNN lease for the property in conjunctio...
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• Local Developer Buys 56 Acres in Mesa, AZ’s Elliot Road Technology Corridor
10/01/21
A 56.5-acre development site in Mesa, AZ’s Elliot Road Technology Corridor was acquired for $16.6 mil by Phoenix-based real estate investor and developer Eisenberg Company. The buyer has approved plans with the City of Mesa ...
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• Nadel Architecture Designs New High-Tech Shooting Range in Colorado
10/01/21
The Lakewood community will soon have access to a new state-of-the-art facility featuring a high-tech shooting range, retail, coffee bar and lounge as it prepares to welcome The Gallery Sportsman’s Club & Range. It is located...
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• Multi-Tenant Office Property in Bellevue, WA Trades
9/29/21
New Rock Acquisition LLC has purchased Lincoln Plaza, a 148.7k sf, multi-tenant office campus in Bellevue, WA. The price was not immediately disclosed. Lincoln Plaza is a three-building campus situated on 9.1 acres at 11225,...
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• Sares Regis Group of Northern California and Dostart Development Company Start Work on Bay Area Office/Retail Project
9/29/21
Sares Regis Group of Northern California (SRGNC) and Dostart Development Company (DDC) have broken ground on 185k sf of office and retail space in the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
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• Newmark Knight Frank Lands Leasing Assignment for New Creative/Flex Campus Project in Tukwila, WA
9/29/21
Newmark Knight Frank has been awarded the leasing assignment for The Prato District Technology Center, a new state-of-the-art, Class A creative/flex campus in Tukwila, WA. The Prato District is comprised of 250 contiguous acr...
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• Pico Rivera Industrial Facility Trades for $364/sf
9/28/21
Chicago-based industrial real estate investment company CenterPoint Properties acquired a 173.1k sf, Class A industrial property in Pico Rivera for $63 mil, or $364/sf. The asset was purchased from the occupant in an off-mark...
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• SB Real Estate Partners Closes on 126-Unit Value Add Res Buy in Mesa
9/24/21
SB Real Estate Partners (SBREP) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, AZ, for $24.3 mil ($193k/unit). The property, viewed as a value-add opportunity, has been renamed ...
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• JB Matteson Inc Closes Six Multfamily Assets Refis Totaling $132 Mil
9/24/21
JB Matteson Inc has refinanced six CA and WA multifamily properties comprising a total of 965 units in separate transactions totaling $132 mil. The six permanent loans were arranged by Dennis Williams and Tom Wight of NorthM...
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• Historic Office Building in Downtown Oakland Trades in $14 Mil Deal
9/23/21
An eight-story, 43k sf historic office building in downtown Oakland sold for $14 mil, or $325/sf. The property, located at 1625 Clay St, is 65% occupied. The buyer intends to implement a renovation program at the building. B...
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• HydroJug is Expanding in Utah
9/23/21
HydroJug is expanding its footprint at Business Depot Ogden in Ogden, UT with a new lease for 119.8k sf of space. With this deal, the firm is moving into a second, new Class A industrial building, bringing the company’s total...
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• Developer Picks Up 32-Acre Parcel in the Austin, TX Area
9/23/21
Juliet Five LLC purchased a 32-acre land parcel located at 1635 E Hwy 290 in Dripping Springs, TX, 20 minutes west of downtown Austin. The firm is planning to develop a mixed-use project incorporating retail, commercial and m...
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• Prologis Buys 441k sf Las Vegas Industrial Property
9/22/21
Global industrial owner Prologis Inc recently closed on an acquisition in Las Vegas, buying Safari Business Park, a 441.6k sf industrial park. The asset consists of five multi-tenant buildings located at 7650-7850 Dean Martin...
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• NAIOP SoCal’s Night at the Fights is Back -- on October 7!
9/21/21
Anticipation has been high for the return of NAIOP SoCal’s Night at the Fights black tie gala. As the largest and most prominent commercial real estate event in Southern California, Night at the Fights is back, set for Octobe...
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• DXD Capital Breaks Ground on Las Vegas Self-Storage Facility
9/21/21
DXD Capital has broken ground on a new state-of-the-art 1,100-unit self storage facility located at the corner of West Sahara and South Monte Cristo Way in Las Vegas. The company acquired the 1.7-acre parcel in January 2021. ...
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• Idaho Entity Pays $249/sf for Phoenix Office Property
9/20/21
North Loop 101 Building D, an 88.7k sf, Class A office building in Phoenix, was purchased by Idaho-based Stafford Holdings for $22.1 mil ($249/sf). The property was sold by Los Angeles-based Regent Properties. Located at 198...
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