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• Ally Investments Pays $140/sf for Vegas Office Building
2/24/23
California-based Ally Investments Inc paid $15.25 mil for City Centre Place, a 109.2k sf ($140/sf) office building in Downtown Las Vegas. Located at 400 S. Fourth St, City Centre Place is a Class A, six-story, multi-tenant bu...
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• Work Started on Latest Facility at 435-Acre Campus Adjacent to Phoenix-Mesa Gateway Airport
2/23/23
SkyBridge Arizona has broken ground on SkyBridge Building 109, the latest addition to its 435-acre mixed-use project immediately adjacent to the runway at Phoenix-Mesa Gateway Airport in Mesa, AZ.
Building 109 is the first o...
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• Leases by Vartega and Alliant Power Bring Denver Industrial Campus to 54% Leased
2/22/23
Two new tenants – Vartega and Alliant Power -- are joining Pecos Logistics Park, a 1.15 msf, Class A industrial development in Denver. The two new leases bring the project to 54% leased.
Vartega, a recycler of lightweight c...
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• Work Started on New 123k sf Flex Building for Rinchem Company in Surprise AZ
2/22/23
Graycor Construction Company has begun work on a new, 123.5k sf flex industrial facility in Surprise, AZ for Rinchem Company LLC, the world’s largest network of chemical and gas distribution centers. The new facility will be ...
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• Patricia Loveall and Jason Rosauer Join CBR in Seattle
2/21/23
Patricia Loveall, SIOR, and Jason Rosauer have joined the Seattle office of CBRE as Executive Vice Presidents. The team specializes in the leasing and sale of industrial properties, as well as the sale of office and land deve...
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• Tyler Grisham and Maddox Graham Join SRS Real Estate Partners
2/16/23
Tyler Grisham and Maddox Graham have joined SRS Real Estate Partners, in the firm’s Dallas office. Grisham has been named Senior Vice President and Managing Principal, while Maddox Graham will serve as First Vice President.
...
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• Cityview Underway of 243-Unit Workforce Housing Project in L.A.’s Historic Filipinotown District
2/16/23
Cityview is looking at a fourth quarter 2023 completion for Belle on Bev, a 243-unit workforce housing project in Los Angeles’ Historic Filipinotown (HiFi) District. The mixed-use, LEED Silver project, located at 1800 Beverly...
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• AZ Logistics Facility Goes for $451/sf
2/15/23
An unnamed California family trust acquired a 49.5k sf, logistics facility in Tucson in a recent $22.3 mil ($451/sf) transaction. The last-mile distribution property, located at 775 W. Silverlake Rd, is fully leased to a Fort...
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• Hawkins Companies Lands $56 Mil in Construction Money for Idaho Res Project
2/14/23
Hawkins Companies secured $56 mil in construction financing for the development of Canyon Ridge, a five-building, 287-unit multifamily project located at 2454 E Gowen Rd in Boise, Idaho. The lender is Sunwest Bank.
Canyo...
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• Recent Signings Bring Building 1 at Denver Biz Park to Fully Leased
2/13/23
There have been two new leases totaling roughly 57k sf at Central Park Business Center, a recently constructed Class A industrial park in Denver. In one of the deals, restaurant supply company Trimark leased 34.3k sf, while i...
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• Harbor Bay Ventures Picks Up Development Land in Salt Lake City’s Sugar House Neighborhood
2/09/23
Northbrook, IL-based Harbor Bay Ventures has acquired a 1.22-acre multifamily development site in Salt Lake City, UT. Known as the Wells Fargo office building, the property is located in the heart of the city’s popular Sugar ...
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• Lincoln Property Company Announces New Plan for Growth and Succession
2/09/23
Lincoln Property Company Commercial announced a growth and succession plan that includes the appointment of a new generation of executive leadership and a major investment by funds managed by Stone Point Capital LLC.
Lincol...
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• LaSalle Investment Management Buys 600k sf Industrial Facility in Otay Mesa
2/09/23
LaSalle Investment Management has purchased a 601.1k sf, multi-tenant industrial building in San Diego’s Otay Mesa submarket. Situated on over 31 acres at 2020 Piper Ranch Rd, the property has direct access to the US-Mexico b...
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• 354k sf Former Regional Mall in Alaska Offered for Sale
2/08/23
Here’s news of an interesting retail redevelopment opportunity in Alaska, as Northway Mall, a former regional mall in Anchorage, has been put on the market. The property, now referred to as North Pointe, is located at 3101 P...
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• Invent Development Partners Secures $50 Mil in Construction Money for Utah Resort Development
2/08/23
Invent Development Partners has obtained $50 mil of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development located adjacent to internationally renowned Canyonlands and Arches National...
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• Barton Associates Leases 45k sf of Vegas Office Space
2/08/23
Barton Associates has inked a five-year lease for 45.3k sf of office space on the first floor at 3634 S. Maryland Pkwy in Las Vegas. Barton, the fourth largest locum tenens staffing company in the U.S., and its subsidiary, Ba...
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• Constellation Real Estate Partners and Cadre Acquire 21 Acres in Houston for Industrial Development
2/07/23
Constellation Real Estate Partners, in partnership with Cadre, has acquired 20.8 acres of land on the northeast corner of Beltway 8 and Telephone Road in Houston, Texas for the development of a Class A, two-building, 192.3k s...
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• Long Beach Retail Property Sells for $21 Mil
2/06/23
El Dorado Shopping Center, a 74.5k sf shopping center anchored by Grocery Outlet and Dollar Tree in Long Beach, traded hands in a $21.25 mil ($285/sf) transaction. The property was sold by DPI Retail of El Segundo.
El Dorado...
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• Dunbar Real Estate Holding Picks Up Two Gardena Industrial Buildings in $22.7 Mil Deal
2/06/23
Dunbar Real Estate Holding, LLC, out of El Segundo, purchased two freestanding industrial buildings totaling 92.6k sf of space in Gardena, in an off-market transaction for $22.7 mil ($245/sf). The buildings are located at lo...
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• CalSTA Awards Metro $600 Mil to Support Critical East San Fernando Valley Light Rail Project
2/03/23
The California State Transportation Agency (CalSTA) has announced that Metro will receive the full request of $600 mil in state grant funding for a key expansion of the Metro system, the East San Fernando Valley Light Rail Tr...
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