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• Developer Picks Up 32-Acre Parcel in the Austin, TX Area
9/23/21
Juliet Five LLC purchased a 32-acre land parcel located at 1635 E Hwy 290 in Dripping Springs, TX, 20 minutes west of downtown Austin. The firm is planning to develop a mixed-use project incorporating retail, commercial and m...
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• Prologis Buys 441k sf Las Vegas Industrial Property
9/22/21
Global industrial owner Prologis Inc recently closed on an acquisition in Las Vegas, buying Safari Business Park, a 441.6k sf industrial park. The asset consists of five multi-tenant buildings located at 7650-7850 Dean Martin...
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• NAIOP SoCal’s Night at the Fights is Back -- on October 7!
9/21/21
Anticipation has been high for the return of NAIOP SoCal’s Night at the Fights black tie gala. As the largest and most prominent commercial real estate event in Southern California, Night at the Fights is back, set for Octobe...
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• DXD Capital Breaks Ground on Las Vegas Self-Storage Facility
9/21/21
DXD Capital has broken ground on a new state-of-the-art 1,100-unit self storage facility located at the corner of West Sahara and South Monte Cristo Way in Las Vegas. The company acquired the 1.7-acre parcel in January 2021. ...
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• Idaho Entity Pays $249/sf for Phoenix Office Property
9/20/21
North Loop 101 Building D, an 88.7k sf, Class A office building in Phoenix, was purchased by Idaho-based Stafford Holdings for $22.1 mil ($249/sf). The property was sold by Los Angeles-based Regent Properties.
Located at 198...
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• MAG Capital Partners Buys 402k sf HQ Campus for Hobbs Manufacturing
9/20/21
MAG Capital Partners, LLC has acquired 200 Commerce Street and 4920 Franklin Avenue in Waco, Texas, which has served as the Hobbs Manufacturing headquarters since 1993. Totaling 402k sf of space, the manufacturing and distri...
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• Black Creek Group Closes 690k sf Silicon Valley Biz Park Buy
9/17/21
Black Creek Group purchased Little Orchard Center, a 690k sf business park in San Jose. The asset consists of four buildings on just under 16 acres of land.
The property was sold by a Harvest Properties entity. Industry sou...
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• The Platform in Santa Barbara Sells for $420/sf
9/17/21
The Platform, a 33.1k sf, multi-tenant office and industrial project in Santa Barbara, traded for $13.9 mil, or $420/sf. The property is located at 126 East Haley St and 417 Santa Barbara St, a few blocks from State St and th...
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• Rexford Industrial Realty Wraps Up $250 Mil in SoCal Industrial Buys
9/17/21
SoCal-based Rexford Industrial Realty has completed four industrial property acquisitions totaling 837.5k sf of improvements, for an aggregate purchase price of $250.5 mil. The purchases were funded using cash on hand and pro...
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• Stos Partners Pays $135/sf for Phoenix Warehouse Property with Cold Storage
9/16/21
Stos Partners recently closed on the purchase of an 82.5k sf industrial warehouse featuring cold storage in the Southwest airport submarket of Phoenix. The property was acquired off market in a joint venture with a high-net-w...
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• Three Assets at AZ Retail Center Traded in Separate Deals Totaling $14 Mil
9/15/21
Three retail assets at Gilbert Crossroads in Phoenix sold to three separate investors in deals with a combined total of $13.9 mil. Located at the busy intersection of Gilbert Road and Warner Road, Gilbert Crossroads is ideall...
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• Integrated Capital Management Launches Fourth Investor Offering
9/13/21
Integrated Capital Management (ICM) has launched Integrated Realty Capital II LP, its fourth investor offering and latest diversified commercial real estate private equity fund. The new fund targets light value-add to opportu...
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• Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
9/13/21
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
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• KKR Entity Picks Up 164k sf Industrial Facility in the Denver Area
9/13/21
A newly developed, 164k sf Class A industrial building in Aurora (Denver), CO was acquired by global investment firm KKR through KKR’s Americas opportunistic equity real estate strategy. The asset was constructed in 2020 by ...
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• Pacific Partners Residential Secures $40 Mil in Construction Money for Two Res Developments
9/10/21
Pacific Partners Residential, an Idaho-based multifamily development firm, has obtained $39.65 mil in construction financing for the development of Redpoint Apartments, a 192-unit market-rate multifamily community in Redmond,...
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• Phase 3 Real Estate Partners Buys Sorrento Mesa Office/Flex Asset
9/10/21
Phase 3 Real Estate Partners purchased a vacant, two-story, 40.8k sf office/flex building in Sorrento Mesa. The building, sitting on 2.9 acres of land at 10170 Sorrento Valley Rd, is a good candidate for conversion or ground-...
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• Videoms.com Acquires ASOC LLC to Expand Aerial Inspection Services for Real Estate Construction / Development
9/09/21
Videoms.com has entered into a definitive agreement to acquire Aerial Systems on Command (ASOC LLC). ASOC is a provider of drone services to the construction and commercial real estate industries.
Since 2015, ASOC has compl...
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• Total Office Solutions Leases 329k sf TX HQ Facility
9/09/21
Total Office Solutions LLP signed a long-term lease for 329.4k sf of HQ space at Stadium Logistics Center, located at 2201 Chemsearch Blvd in Irving, TX. The moving and office furniture sales firm, which will be the sole occu...
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• Vegas Apartment Building Trades for $21.75 Mil
9/08/21
Mark I Apartments, a 113-unit apartment property in Las Vegas has a new owner after being sold in a $21.75 mil ($192.5k/unit) transaction. The property, which includes three retail units, is located at 1020 E. Desert Inn Rd. ...
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• Barstow Raising Cane’s Trades at a 4.3% Cap Rate
9/07/21
A Los Angeles-based 1031 exchange investor paid $5.49 mil for the ground lease purchase of a 3.3k sf retail property occupied by Raising Cane’s in Barstow. The asset, located at 2620 Fisher Blvd, traded at a cap rate of 4.3%,...
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