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February 1, 2023
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• GO Industrial Buys 77 Acres for Phoenix West Valley Industrial Development
Phoenix-based GO Industrial has embarked on its first metro Phoenix development, purchasing 77 acres in the West Valley submarket for the development of GO | 99. The new project will total three buildings and over 1.2 msf of ...
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• Related California and the Housing Authority of the City of Los Angeles Begin Redevelopment of Housing Project in Northeast Los Angeles
Related California, working with the Housing Authority of the City of Los Angeles, has begun work on the first phase of the redevelopment and expansion of the Rose Hill Courts public housing complex in northeast Los Angeles. ...
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• Local AC Plumbing Firm Spends $7.3 Mil on Phoenix Building
In a recent AZ office trade, Goettl Air Conditioning & Plumbing paid $7.3 mil for a 55k sf ($133/sf) building in Phoenix. Located on 6.61 acres of land at 4611 East Baseline Rd, the single-story back-office property was built...
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• Real Estate Developer Bernie Huberman Passes Away
The world lost a real estate legend on July 10 as veteran real estate developer Bernard “Bernie” Huberman passed away at the age of 65. A son of Russian immigrants who grew up in Boyle Heights working at his father’s scrap ...
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• The Bascom Group Purchases a 93-Unit Single Family Rental Community in Las Vegas
The Bascom Group LLC has acquired a 93-unit single-family rental community within a broader housing district in Las Vegas. The property, Suncrest Townhomes, consists of zero lot-line paired single family homes in North Las V...
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• Investors Management Group Picks Up 200-Unit Texas Apartment Complex
Heights at Converse, a 200-unit apartment community in Converse, TX, was purchased by Investors Management Group ("IMG"), a CA-based real estate investment and asset management firm. The price was not disclosed. Heights at C...
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• Magma Equities and Viking Partners Spend $42 Mil on NC Res Community
Los Angeles-based Magma Equities, in partnership with Viking Partners, has acquired University Apartments, a 359-unit apartment community located in the Duke submarket of Durham, NC, in an off-market transaction for $42.4 mil...
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• Sashco Inks Prelease for 121k sf Spec Facility in the Denver Area
Colorado-based Sashco has preleased a 121k sf, spec industrial building currently under construction in metro Denver. Sashco will relocate and expand into the new building, which is located at 14802 Grant St, within 25 Nort...
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• Pendulum Property Partners Forms Alliance with Banner Oak Capital Partners
Pendulum Property Partners (Pendulum) is celebrating its fifth year anniversary this July by establishing operations in Los Angeles and San Francisco and adding to its existing presence in Orange County and San Diego. The fi...
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• Seidner Trust Pays Just Over $200/sf for Phoenix Medical Building
Seidner Trust acquired a two-story, 17.9k sf office and medical building in Phoenix for $3.8 mil ($212/sf). The garden-style property, known as 4600 Medical Plaza, is located at 4600 E Shea Blvd in the prestigious Paradise Va...
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• AZ Investor Buys Three Phoenix Sites that Offer Significant Development Potential
An Arizona real estate entity acquired three properties in the Midtown area of Phoenix. The sites are located at the intersection of 4th Ave and Osborn Rd and consist of two vacant lots totaling .38 acres along with an existi...
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• Archway Capital Expands Its Lending Platform and Its Exec Team
Archway Capital has expanded its lending platform to include first mortgage debt, mezzanine capital, as well as preferred and CO-GP equity between $3 mil and $15 mil secured by performing and non-performing residential and co...
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• Ti Cold Development Buys AZ Land for Spec Cold Storage Project
Ti Cold Development purchased a 27.2-acre site at the northwest corner of Joe R. Ramrez Rd and Dysart Rd in El Mirage, AZ. The land is part of the first phase of the future development of Copperwing Logistics Center, a specul...
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• Agora Realty Spends $16 Mil on 71k sf Vegas Retail Property
Agora Realty acquired Bonanza Eastern Plaza, a 71k sf retail center in Las Vegas, in a recent $16.1 mil ($227/sf) transaction. The asset, located at 550-580 N. Eastern Ave, represents the fourth grocery-anchored shopping cent...
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• DB Capital Management Closes on 88-Unit Multifamily Acquisition in Utah
DB Capital Management has purchased Spring Hollow, an 88-unit apartment complex in Millcreek, UT, an affluent suburb of Salt Lake City. The property is located at 340 E. Gordon Lane, just east of State St. Millcreek is locat...
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• Redevelopment Site in West Los Angeles Trades under the Guidelines of the Recently Approved Exposition Corridor Transit Neighborhood Plan
A 20.3k sf redevelopment site on the northeast corner of Pico and Sepulveda in West Los Angeles was purchased by a partnership between HATCHspaces LLC, a life sciences developer focused on creating workspaces for STEAM-based ...
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• MIG Real Estate Pays $333k/Unit for Oceanside Res Community
Stone Arbor Apartments, an 88-unit multifamily community in Oceanside, was purchased by OC-based MIG Real Estate for $29.3 mil, or $333k per unit. Stone Arbor Apartment Village was originally constructed in 1977 and is locat...
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• The Bascom Group Wraps Up $72 Mil Res Buy in Las Vegas
The Bascom Group LLC closed on the purchase of a 390-unit, three-property portfolio in Las Vegas for $72 mil, or $184.8k per unit. The acquisition included Spectra at 4000, Spectra East, and Spectrum at Katie. Spectra at 40...
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• Two SoCal Retail Centers Hit the Market
We’ve learned of two unique SoCal lifestyle and entertainment centers that have hit the market. One of the properties, Plaza Mexico, is located in the City of Lynwood, while the other, The Source, is located in Buena Park. Bo...
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• OC Mixed-Use Logistics Asset Sells
A fund sponsored by CBRE Global Investors has acquired Irvine Crossing, a 395.7k sf, mixed-use logistics asset in Orange County. The property is a fully leased property that is comprised of a powered shell data center and a l...
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