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• City Center Realty Partners Buys R&D/Life Sciences Property in Berkeley
12/09/21
City Center Realty Partners has purchased Parker Innovation Hub, a three-building, 40.6k sf R&D and life sciences campus in Berkeley. The property was sold by Lift Partners in a $22 mil ($542/sf) transaction.
Parker Innovati...
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• Northwest Building LLC Buys Self-Storage Properties in Reno and Sparks, NV
12/09/21
Northwest Building LLC, one of the Puget Sound’s largest commercial real estate development, investment, and management firms, bought a portfolio of two self-storage facilities in the Northern Nevada markets of Reno and Spar...
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• Phoenix Office Property Gets New Owner in $17.5 Mil Deal
12/08/21
West 101 Corporate Center, an 81k sf, multi-tenant Class A office property in Phoenix, traded hands for $17.5 mil ($216/sf). Located at 1860 N 95th Lane in the West Valley trade area, the building was acquired by Overstreet P...
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• UT Physicians Inks Lease for 139k sf in Bellaire, TX
12/03/21
UT Physicians has signed a 139.2k sf lease at Bellaire Station at 6500 West Loop South in Bellaire, TX. Terms of the deal were not disclosed.
Bellaire Station is a five-story, 389.8k sf office building and offers prominent f...
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• Kingsbarn Realty Capital LLP and Barker Pacific Group Buy Fullerton Towers Complex
12/03/21
In its first joint venture with Kingsbarn Realty Capital LLP, Barker Pacific Group (BPG) has acquired Fullerton Towers, a three-building, 233.2k sf office complex in Fullerton. The property consists of two multi-tenant build...
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• Res Developer Spends Over $15 Mil on Las Vegas Land Site
12/02/21
A 14.57-acre site located at the southwest corner of Arby Ave and Gagnier Blvd in Las Vegas sold for $15.25 mil. The land’s zoning classification is Urban Village (U-V) and the new ownership plans to develop midrise apartment...
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• New Res Development in Seattle Lands $42 Mil Refi Loan
12/02/21
Plus Capital Partners LLC has obtained a $42.63 mil refi loan on Shoresmith Apartments, a new, 113-unit res development in Seattle. The project, located at 1170 Republican St, also includes 1.3k sf of ground floor retail spac...
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• Sacramento Retail Center Picked Up by Phillips Edison & Company
12/01/21
Phillips Edison & Company Inc acquired Town & Country Village, a 216.3k sf, dual grocery-anchored community center in Sacramento. A price was not given out.
Anchored by Trader Joe’s and Sprouts Farmers Market, the 91%-leased...
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• Investors Pick-Up Adjacent Properties in Cupertino
12/01/21
Two adjacent properties in Cupertino, one office and the other retail, traded hands. Together the properties comprise just over 2.5 acres along De Anza Blvd, next to the Infinite Loop campus of a global tech company.
The of...
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• Realterm Buys New 274k sf Industrial Asset in Tacoma, WA
11/30/21
Tacoma Gateway II, a new, 274k sf industrial development in Tacoma, WA, was acquired by Realterm. The property was sold by a partnership between Panattoni Development Company and a private real estate fund advised by Crow Hol...
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• Sacramento Multifamily Property Fetches $38 Mil
11/30/21
Westlake Apartments, a 148-unit multifamily property in Sacramento, sold for $38 mil ($256.8k/unit). The property, located at 1 Shoal Court, was sold by Graceada Partners.
During its 15-month hold period, Graceada Partners s...
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• UCLA Bruins Claim the Silver Shovel at NAIOP SoCal’s USC vs UCLA Real Estate Challenge
11/24/21
The UCLA graduate student team took home the coveted Silver Shovel for its winning proposal at the 24th NAIOP SoCal USC vs UCLA Real Estate Challenge, just held November 18.
At the annual competition, five-member graduate s...
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• 13,000-Acre Site in Hawaii Sells for $11.25 Mil
11/24/21
Hilo Mountain Ranch, a 13,130-acre property on the outskirts of Hilo, HI, known as the Big Island, on the slopes of Mauna Kea, sold for $11.25 mil.
Matt Davis, Terry Jackson, and Shannon Whitfield with Cushman & Wakefield, a...
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• Long Beach Apartment Portfolio Trades for Nearly $42 Mil
11/23/21
A 17-property, 155-unit apartment portfolio in Long Beach sold for $41.85 mil, or $270k per unit.
The portfolio is comprised of assets in “B” locations across Long Beach and just over half of the units are Section 8 housing....
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• DXD Capital Teams Up with InSite Property Group in Kapolei, HI Self-Storage Project
11/22/21
DXD Capital has purchased 2.34 acres of land with joint venture partner, InSite Property Group, in the Kapolei Business Park located on Kalaeloa Boulevard in Kapolei, HI. InSite will develop and operate a self-storage facil...
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• Work Started on Trio of Spec Industrial Buildings at Gilbert Spectrum
11/22/21
GID and SunCap Property Group have broken ground on three brand new, spec industrial buildings at Gilbert Spectrum, a 64-acre industrial park at McQueen and Elliot roads in Gilbert, AZ,a high-tech, high-end suburb in metro Ph...
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• AZ Office Asset Trades in $14.5 Mil Transaction
11/19/21
Palm Valley Office Park III, a 60.4k sf, multi-tenant Class A office property in Goodyear, AZ, sold for $14.5 mil, or $240/sf. The asset, located at 1626 N Litchfield Rd in Phoenix’s West Valley market, was acquired by Goodye...
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• TruAmerica Multifamily Acquires 652 Res Units in Houston
11/19/21
TruAmerica Multifamily has made its first investments in Houston with the acquisition of a two-property multifamily portfolio totaling 652 units. The portfolio includes the 364-unit Camden Oak Crest and 288-unit Camden Park, ...
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• Iconic National Hotel in Historic Jackson, CA Trades Hands
11/18/21
The iconic National Hotel, located at 2 Water St in historic downtown Jackson, CA, in the heart of California’s Gold Country, recently changed ownership. Hari Johl, a successful hotelier who operates several Hilton-flagged pr...
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• Westcore Buys Seven-Property, 684k sf Industrial Portfolio
11/16/21
Westcore acquired the Mountain West portfolio of seven industrial properties, consisting of four in Phoenix and three in Denver, for an undisclosed sum. The purchase encompasses four properties in Phoenix totaling 460.2k sf i...
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