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• Arcadia Mixed-Use Property Sells for $39 Mil
11/16/21
A private investor from Taiwan paid $39.2 mil in cash for a mixed-use residential and retail property in Arcadia. The property, located at 57 Wheeler Ave, is one of the few mixed-use projects in the City of Arcadia that has t...
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• Signature Properties Picks Up Scottsdale Multifamily Property for $30 Mil
11/15/21
Signature Properties has purchased The 89 on Hayden, an 89-unit multifamily property in Scottsdale, AZ, for $30.1 mil ($338.2k/unit). The deal was financed with a loan for $15.7 mil.
The 89 on Hayden, located at 2240 North H...
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• Universe Holdings Wraps Up $36.5 Mil Cash-Out Refi on 11 Properties
11/15/21
Universe Holdings has received $36.5 mil in cash-out financing secured by a Southern California portfolio of 11 of the firm’s smaller multifamily communities.
The 10-year, 3.53% fixed-rate financing from Fannie Mae allowed U...
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• Bay Logistics Leases 76k sf Cold Storage Facility in Phoenix
11/12/21
Bay Logistics, a distribution and logistics company, leased 76.2k sf at Central Logistics Cold Storage Center in Phoenix amid growing demand for high-quality commercial freezer space. Located at 291 E. Buckeye Rd, the proper...
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• Invesco Real Estate and Baranof Holdings Spend $12.3 Mil on AZ Self-Storage Facility
11/12/21
Central Self-Storage, a 573-unit self-storage facility in Chandler, AZ, was purchased for $12.3 mil by Invesco Real Estate, in partnership with Baranof Holdings. The asset was sold by Pegasus Group.
Central Self-Storage co...
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• Related Group to Start Work on 420-Unit Res Project in Chandler, AZ
11/11/21
Related Group has announced plans for a 420-unit residential development in Chandler, AZ. The garden-style community, called Town Chandler, is being built by McShane Construction Company.
Positioned on an 18-acre site, Town ...
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• Bay Area Multifamily Property Goes for $658k per Unit
11/11/21
Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.
Originally constructed in 1963, Farm Hill Ma...
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• Physicians Group Spends $6 Mil on Torrance Medical Office Building
11/10/21
Torrance Medical Plaza, a multi-tenant, 24k sf medical office building in Torrance, sold for $6.1 mil ($254/sf). Built in 1981, the four-story property is situated on an approximately one-acre parcel at 19000 Hawthorne Blvd, ...
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• DHIJ Management Acquires OR Apartment Property in $44 Mil Deal
11/09/21
DHIJ Management acquired Misty Ridge, a 103-unit, garden-style multi-housing community in Happy Valley, OR, in the Portland MSA, for $44 mil ($427.2k/unit).
Misty Ridge comprises one-, two- and three-bedroom units averaging...
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• Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
11/09/21
In a San Francisco medical office buy, Rubicon Point Partners purchased 350 Parnassus, a 77k sf building just a block from Golden Gate Park. The firm financed the deal with a $53.7 mil first mortgage loan provided by Mesa Wes...
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• Agilysys Inc Agrees to Lease for 36k sf at Still-to-Be-Built Office Project in Las Vegas
11/08/21
Agilysys Inc, a publicly traded software development firm headquartered in Atlanta, inked a lease for 36k sf of space at a yet-to-be-built office building in Las Vegas called Narrative. The 10-year deal has a total value of $...
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• Carmel Partners Buys 101-Unit Res Property in San Jose
11/08/21
A Carmel Partners affiliate purchased One38 Apartments, a 101-unit apartment community adjacent to the San Jose Convention Center. Built in 2019, the property sits on 1.5 acres at 138 Balbach St in the city’s downtown. The ac...
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• Kennedy Wilson Buys 220-Unit Multifamily Community in Reno for $66 Mil
11/08/21
Kennedy Wilson has acquired Northtowne Summit, a 220-unit apartment community in Reno, NV, for $66 mil ($300k/unit) in an off-market transaction. The purchase was made through Kennedy Wilson Fund VI, a commingled fund the fir...
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• Affordable Housing Project in Chula Vista Breaks Ground
11/05/21
A venture led by Chelsea Investment Corporation and Meridian Development just broke ground on Columba, a 200-unit affordable housing project in Chula Vista. Located on just over three acres at the northeast corner of Optima S...
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• Draftsmen & Craftsmen
11/05/21
H. Hendy Associates has completed construction on a new global headquarters and production workspace design for Rocket Lab, a space systems company, in Long Beach. Rocket Lab fully occupies a 90.7k sf building owned by Sares ...
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• Stream Realty Partners and QuadReal Property Group Break Ground on 344k sf Simi Valley Industrial Project
11/04/21
Stream Realty Partners and joint-venture partner QuadReal Property Group have broken ground on Tapo Canyon Commerce Center, a five-building, 344k sf Class A industrial complex located at 1800 Tapo Canyon Dr in Simi Valley.
“...
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• Phoenix Res Community Goes for $41.6 Mil Transaction
11/02/21
Westover Parc Apartments, a 160-unit apartment community in Phoenix, was purchased for $41.6 mil ($260k/unit) by an East Coast-based buyer. Westover Parc Apartments is located at 6515 W. McDowell Rd, west of Hwy 202 and just ...
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• EverWest Advisors Buys Recently Completed 113k sf Industrial Facility in Chandler, AZ
11/02/21
A new, 113.1k sf freestanding industrial distribution building on approximately 8.7 acres in Chandler, AZ traded hands in a $20 mil ($177/sf) deal. The recently completed, Class A facility was purchased by Denver-headquartere...
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• SPI Hospitality Buys Washington Hotel Portfolio for $88 Mil
11/02/21
A five-property, 596-room, extended-stay hotel portfolio in the state of Washington was acquired by SPI Hospitality LLC, out of Dallas, for $88 mil ($147.7k/room). The five Woodspring Suites properties are in Redmond, Tukwil...
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• New Hollywood Lifestyle Hotel Slated to Open in December
11/01/21
tommie Hollywood, a lifestyle hotel located at 6516 Selma Ave, in the heart of Hollywood near Sunset Blvd, is slated to open in early December. The property, which will join the JdV by Hyatt brand, is expected to appeal to th...
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