| Mixed-Use Development in Utah Lands $19.3 Mil in Financing
Lincoln Station, a 76-unit mixed-use community to be built in the Kimball Junction area of Park City, UT, is closer to development after having just obtained in $19.3 mil in construction and permanent financing. The borrower ...
| KAL Freight Inc Takes 50k sf of Logistics Space in Arlington, TX
KAL Freight Inc, a commercial freight management logistics company, has signed a lease for 49.9k sf of industrial space in Arlington, TX. The space brings the 543.4k sf facility, located at 600 109th St, to over 90% leased.
| BLT Enterprise Spends $20 Mil on Two L.A.Commercial Properties
BLT Enterprises has acquired two properties in Hollywood for a total price of $20 mil. The acquisitions include a creative office project at 5735 Melrose Ave, and an 18k sf production and entertainment office compound at 615...
| Rexford Industrial Realty Spends $15.5 Mil on Azusa Industrial Asset
Rexford Industrial Realty Inc purchased a 71.7k sf industrial property in the San Gabriel Valley for $15.5 mil. The asset was acquired through a sale-lease-back, off-market transaction underwritten on a land value basis that ...
| Investor Completes Exchange with Two Bay Area Res Deals Totaling over $14 Mil
A private investor recently completed both legs of a 1031 exchange through two multifamily transactions in the Bay Area with a combined value of $14.18 mil. The transactions consisted of the sale of Leigh Court, an 18-unit mu...
| Universe Holdings Spends $25 Mil on 122 Res Units in the San Fernando Valley
Universe Holdings has acquired a 122-unit multifamily portfolio in the northern San Fernando Valley community of Granada Hills for $25.5 mil, or $209k/unit. The acquisition increases Universeís portfolio in the San Fernando V...
| Local Investor Spends $8 Mil on Trio of DaVita Dialysis Properties in the Dallas Area
A private investor out of Dallas purchased three single-tenant properties occupied by DaVita Dialysis in the Dallas metropolitan area. The portfolio is comprised of DaVita North in Plano, DaVita East in Garland, and DaVita Ce...
| CRE Veterans Steve Pelluer and Kim Hutchins Join Kidder Mathews in Washington
Steve Pelluer and Kim Hutchins have joined the Bellevue, WA office of Kidder Mathews. The duo, previously with Colliers International, have both been named senior vice presidents and will join the firmís religious & education...
| FedEx Freight Facility in Texas Purchased for $25.7 Mil by Exchange Investor
A private investor involved in a 1031 exchange paid $25.7 mil for 7012 FM 3009, a 101k sf ($254/sf) mission critical facility leased to FedEx Frieght in Schertz, TX. It was sold by a California-based private investor.
| San Diego Res Portfolio Refinanced with $58.5 Mil Loan
Real Asymmetry has landed $58.5 mil in refi money on a recently renovated, five-property multi-housing portfolio totaling 328 workforce-oriented housing units in San Diego.
The properties in the portfolio are located in and ...
| Work Completed on New Waugh Student Center at Vanguard University in Costa Mesa
Work was just completed on the new Waugh Student Center at Vanguard University in Costa Mesa. Located at the heart of the campus, the new 35k sf interior and 7.5k sf exterior deck, two-story, steel-frame student center create...
| 2020 Huntington Beach Medical Office Property Sells for $20 Mil
Bella Terra Medical Plaza, a four-story, 59.4k sf off-campus medical office building in Huntington Beach, traded hands in a $20 mil ($337/sf) transaction. The asset was sold by Vibe Boutique Office Properties and acquired by ...
| Transwestern Development Company and Diamond Realty Investments Buy 20 Acres for TX Industrial Project
Transwestern Development Co, in a joint venture with Diamond Realty Investments, has acquired a 20.83-acre site at the intersection of West Dairy Ashford and Airport Blvd in Sugar Land, TX. The firm plans to develop a two-bui...
| Darwin German Real Estate Acquires 255-Unit TX Multifamily Asset
Darwin German Real Estate purchased Gold Creek Apartments, a 255-unit, Class A multifamily property in Dallas, TX. The deal was funded with $27.4 mil in debt and equity financing arranged by LA-based Nova Capital.
Built in 2...
| Strong Demand Has MJW Investments Boosting New Fund to $500 Mil
MJW Investments is creating a $500 mil investment fund focused on value-add multifamily and student housing, co-GP/JV opportunities and distressed debt/note sales.
According to the company, the size of the fund has been inc...
| Meta Housing Corporation and Western Community Housing Finish 33-Unit Affordable Housing Project in L.A.
Meta Housing Corporation and Western Community Housing Inc have completed work on Metro @ Western, a 33-unit transit-oriented, affordable apartment community in Los Angeles. The project offers a mix of one-, two-, and three-b...
| Las Vegas Apartment Property Trades in $35 Mil Deal
Altura on Duneville, a 228-unit apartment project located in Las Vegas, has sold for $35.5 mil, or $155.7k/unit. It is located at 5050 Duneville St, within a few miles of the Las Vegas Strip in the Spring Valley submarket.
| OC Entity Pays $182/sf for AZ Office Property
A 32.4k sf, Class A office/flex building in Tempe, AZ sold for $5.9 mil, or $182/sf. The property, located at 914 S. 52nd St, was purchased Anaheim-based Crowne Pointe Equity LLC.
The property sits on 2.36 acres and is 100% ...
| Champion Real Estate Company Spends $14 Mil on Student Housing Community
Champion Real Estate Company has acquired a 47-unit, potential 102-bed, student housing community in Los Angeles for $14.1 mil ($300k/unit). The property, located at 2353 Portland St, near the University of Southern Californi...
| Entrada Partners Buys 152k sf Texas Office Building
Entrada Partners has purchased Travis Park Plaza, a 151.7k sf, Class A office building and a six-story garage in San Antonio. The price was not disclosed.
Built in 1970 and later renovated in 2001 and 2019, the seven-story, ...