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• Seven-Property California Portfolio Refinanced with $223 Mil in Permanent Loans
1/20/22
A seven-property California real estate portfolio owned by a private investor was just refinanced with seven new permanent loans totaling $223 mil arranged by George Mitsanas of Gantry. The portfolio is comprised of three mul...
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• Creative Artists Agency Inks Long-Term HQ Lease at New Tower in Century City
1/20/22
Creative Artists Agency (CAA) has signed a long-term, anchor-tenant lease agreement to relocate its headquarters to a new Century City office tower in 2026. The 37-story high-rise, Century City Center, is a development of JMB...
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• Contour Real Estate Picks Up 77 Acres in Buckeye, AZ for $14.5 Mil
1/19/22
A Contour Real Estate entity has acquired a 77-acre industrial development site in Buckeye, AZ in a recent $14.5 mil transaction. The property, located at the southeast corner of Apache Rd and Southern Ave Rd, adjacent to the...
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• Newmark’s Greg May Named President of NAIOP SoCal’s 2022 Executive Committee and Board of Directors
1/19/22
The Southern California chapter of NAIOP has named its 2022 Executive Committee and Board of Directors, comprised from the leaders of many of the most highly-regarded commercial real estate firms in Los Angeles and Orange cou...
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• MicroPort Scientific America Spends $40 Mil on Irvine HQ Property
1/19/22
MicroPort Scientific America Inc paid $40.23 mil for 16800 and 16802 Aston Street, two flex office/R&D buildings totaling 115.4k sf ($349/sf) and located in the Airport Area submarket of Irvine.
16802 Aston Street is a 65.1...
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• Rexford Industrial Realty Pays $75 Mil for Torrance Industrial Facility
1/18/22
Rexford Industrial Realty Inc paid $75.3 mil for a 307.5k sf, fully leased, multi-tenant industrial property in Torrance. The property, located at 4240 W.190th St, was sold by ZKS Real Estate Partners LLC.
The building sits ...
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• Oregon Apartment Community Trades to FPA Multifamily in $47 Mil Deal
1/18/22
Summit at Hyland Park, a 137-unit, value-add, garden-style multi-housing community located in Beaverton, OR, sold for $47 mil, or $343k/unit. FPA Multifamily acquired the asset from DB Capital Management.
Built in 1985, reno...
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• Schnitzer Properties Spends $33.5 Mil on AZ Biz Park
1/17/22
Metro Business Park, a 188.8k sf light industrial business park in Phoenix, was acquired by Portland-based Schnitzer Properties, formerly known as Harsch Investment Properties, for $33.5 mil ($177/sf). The park consists of fi...
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• Opus Development Picks Up 18 Acres in Tempe for Last Mile Project
1/14/22
Opus Development Company LLC paid $9.3 mil for an 18-acre prime development site on West Warner in Tempe, AZ. Opus plans to construct a two-building, 197k sf spec industrial property on the land, considered to be a strong las...
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• NIO USA Leases 200k sf San Jose HQ Facility
1/14/22
Electric vehicle manufacturing company NIO USA Inc has agreed to a 10-year lease for a 201.5k sf office HQ facility in San Jose. The firm will utilize the property, located at 3151 Zanker Rd, as a Research and Innovation Cent...
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• The Bascom Group Acquires 140 Res Units in the San Fernando Valley
1/14/22
The Bascom Group LLC has acquired a two-property, 140-unit multifamily portfolio located in the San Fernando Valley community of Northridge for $52.5 mil ($375k/unit). The properties, NMS Northridge and NMS Superior, boast la...
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• DXD Capital Closes Inaugural Fund with $53 Mil
1/14/22
DXD Capital, a self-storage investor and developer, has closed its inaugural fund that launched in November 2020. The company exceeded its goal by raising $53 mil.
“Over the past several years, we’ve seen the growth of main...
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• Trammell Crow Company Picks Up 68 Acres in Arizona for Logistics Development
1/14/22
Trammell Crow Company has acquired a 68-acre development site in Goodyear, AZ for the development of Cotton Lane Commerce Park. Located at the Southwest corner of Elwood St and South Cotton Lane, the project will contain 975k...
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• Pine Tree Spends $64 Mil on Glendale Retail Center
1/13/22
Chicago-based Pine Tree has purchased Glendale Marketplace, a 154k sf, urban retail center in Glrendale, for $64.1 mil ($416/sf). The property, situated on 2.2 acres at 106-146 S. Brand Blvd, was sold by EB Arrow.
Glendale M...
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• Alere Property Group Acquires 700k sf Single-Tenant Industrial Facility in the Inland Empire
1/12/22
Alere Property Group purchased Freeway Business Center, a new state-of-the-art industrial warehouse facility located in Riverside. The facility, completed in 2021, is leased to UNIS LLC, a national third-party logistics provi...
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• OC Medical Office Trade Tops $500/sf
1/11/22
Here’s a quick sales comp of a recent OC medical office building trade. A 34.2k sf facility in Aliso Viejo sold for $17.5 mil, or $512/sf. It was 62% leased at time of sale.
The building, located at 15 Mareblu, is also known...
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• Kennedy Wilson Teams Up with Local Developer in Bend, OR in Land Buy for Mixed-Use Project
1/11/22
Kennedy Wilson has entered into a joint venture with Matt Day, owner of Bend-based Hooker Creek Companies, to acquire and develop a vacant 21-acre site in the heart of Bend, OR. The joint venture intends to develop the site i...
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• Westcore Buys 142k sf Colorado Industrial Facility
1/11/22
San Diego-based Westcore acquired a brand new, 142.8k sf Class A industrial building in Aurora, CO in a $33 mil ($231/sf) transaction. Known as Park 225, the newly constructed, state-of-the-art multi-tenant building was 57% l...
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• West Covina Multifamily Sale Tops $80 Mil
1/06/22
A 200-unit apartment property in West Covina traded hands in an $80.4 mil ($402k/unit) transaction. The buyer was Los Angeles-based apartment investor Ron Nasch.
The property, located at 1231 W Francisquito Ave, had recently...
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• Cushman & Wakefield Acquires Operations of Pacific Commercial Realty Advisors
1/05/22
Cushman & Wakefield has acquired the operations of long-time alliance member Pacific Commercial Realty Advisors (PACCRA) located in Central California and Idaho. The acquisition comprises PACCRA’s offices in Bakersfield, Fres...
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