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• MIG Real Estate Pays $333k/Unit for Oceanside Res Community
7/13/21
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
7/09/21
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
7/09/21
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
7/08/21
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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• Office Asset Gets New Ownership in $5.85 Mil Transaction
7/07/21
Mesa Commerce Center, a 71.6k sf, multi-tenant office complex in Mesa, AZ, sold for $5.85 mil ($82/sf). The property, consisting of five two-story office buildings in a low-rise, garden-style setting, was approximately 70% le...
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• Tides Equities Spends $30 Mil on AZ Multifamily Asset
7/06/21
Tides Equities has closed on the acquisition of IVilla Garden Apartments, a 214-unit multifamily project in Phoenix, for $30 mil, or $140.2k/unit. The property was sold by Tower 16, who bought the asset in February 2020 for $...
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• Hines Buys 161k sf Industrial Park in San Diego’s Miramar Area
7/02/21
Hines has purchased Activity Business Center, a five-building multi-tenant industrial asset totaling 161.2k sf in the Miramar submarket of San Diego. Approximately 90% leased at the time of sale, the portfolio was sold by BKM...
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• Rexford Industrial Realty Increases Borrowing Capacity of Revolving Credit Facility by $200 Mil
7/02/21
Rexford Industrial Realty has exercised the accordion option of the company's existing unsecured revolving credit facility and increased the borrowing capacity by $200 mil, from $500 mil to $700 mil. All other material terms...
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• Commercial Real Estate Financing Briefs
6/30/21
CBRE - Mark McGovern and Brian Cruz of CBRE’s debt and structured finance team have arranged a $28 mil loan for the refinancing of 500 Ygnacio, an office property in Walnut Creek. Located at 500 Ygnacio Valley Rd, the 105.5k ...
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• Kennedy Wilson Launches $1.5 Bil Multifamily Platform With Global Institutional Investor
6/30/21
Kennedy Wilson has entered into a new joint venture with a global institutional investor to acquire and manage core-plus multifamily communities in the Western U.S.
The platform was seeded with an $800 mil portfolio, includi...
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• Houston Industrial Assets Generate Strong Interest
6/28/21
Here’s an update on three Houston industrial sales totaling 198.7k sf between different buyers and sellers that occurred within a 10-day period. The properties traded were: 15800 Export Plaza, located within World Houston Bus...
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• Hawaii-Based Investor Closes on $5.5 Mil AZ Industrial Buy
6/28/21
A 29.4k sf, fully leased industrial property in Phoenix was purchased by a Hawaii-based 1031 exchange private buyer for $5.5 mil, or $187/sf. Located at 23048 N. 15th Ave, the property was originally constructed in 2003 and r...
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• Trion Properties Launches Its Third Multifamily Investment Fund
6/25/21
Trion Properties has announced the launch of Trion Multifamily Opportunity Fund III LLC, its third investment fund vehicle. The fund, which will target $75 mil in equity to deliver $175-200 mil in buying power, will primarily...
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• The Federal Deposit Insurance Corporation Leases 163k sf of Office Space in Dallas
6/25/21
The Federal Deposit Insurance Corporation (FDIC) has signed a long-term lease for 163k sf of office space at Plaza of the Americas in Dallas.Terms of the deal were not disclosed, although we’re told the lease ranks as one of ...
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• Berkeley Partners Spends $24.5 Mil on San Jose Asset
6/24/21
Berkeley Partners purchased a 54k sf R&D facility in San Jose for $24.5 mil, or $454/sf. The property was sold by Goble Properties and Cojourn Companies.
Located at 2121 and 2125 Zanker Rd, the property was originally built ...
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• Graycor Construction Completes New 57k sf AZ Facility for Rinchem
6/24/21
Work has been completed on a new 57k sf facility in Chandler, AZ for Rinchem, the world’s largest network of chemical and gas distribution centers. The new structure, built by Graycor Construction Company, increases Rinchem’s...
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• Draftsmen & Craftsmen
6/23/21
Construction is complete on LA3, a new CoreSite Data Center in Downtown Los Angeles. LA3 is an expansion to the landmark United States Postal Terminal Annex, which was renovated and restored in 2001 into CoreSite’s current LA...
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• Woodside Health Closes on $18 Mil AZ Office Buy
6/23/21
Woodside Health paid $18.2 mil for Arrowhead Executive Center, a 99k sf, multi-tenant office complex situated on 11.9 acres in Glendale, AZ. The asset was sold by Holualoa Companies.
Arrowhead Executive Center comprises eigh...
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• TX Office Complex Lands $95 Mil Refi
6/23/21
San Diego-based Parallel Capital Partners Inc has received a $95 mil loan from Bank of America for the refinancing of Urban Towers, a Class AA, high-rise office complex spanning more than 850k sf in Irving, TX. Comprised of t...
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• BLT Enterprises Repositioning and Rebranding 200k sf Hollywood Campus Property
6/22/21
BLT Enterprises is in the process repositioning of its recently acquired 200k sf creative campus, which the firm has rebranded as The Hollywood Exchange. The property, which currently encompasses 11 buildings spanning 6.4 acr...
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