| PCCP LLC and CalSTRS Lead New Venture to Acquire Single-Family Rental Communities
PCCP LLC, together with the California State Teachers' Retirement System (CalSTRS) and a global institutional investor, has formed a joint venture to invest in purpose-built, single-family rental communities located in primar...
| New Salt Lake City Office High-Rise Signs Two Tenants for Three Floors
95 State at City Creek, a new, 515k sf Class A office tower being developed in the heart of downtown Salt Lake City, UT, has secured its first two tenants, which leased a combined three full floors totaling approximately 75k ...
| Mountain Capital Partners (MCP) and New Earth Equities Pick Up 99-Unit Res Property in Portland
Harbour Court, a 99-unit apartment community in Portland, OR, was purchased by a joint venture between Mountain Capital Partners (MCP) and New Earth Equities (NEE). MCP partnered with NEE as the LP and was instrumental in the...
| Investcorp Wraps Up $85 Mil AZ Biz Park Buy
In an AZ biz park trade, Investcorp paid $85.35 mil for Tempe Commerce Park, a five-building, multi-tenant, light industrial park in Tempe. The 536k sf ($159/sf) property was sold by BKM Capital Partners.
Tempe Commerce Park...
| Trammell Crow Company and Clarion Partners Buys 25 Acres in AZ for Industrial Development
Trammell Crow Company and capital partner Clarion Partners LLC have acquired a 25-acre site for the development of Tolleson 107 Logistics Center, a 332.1k sf logistics facility in Tolleson, AZ that will include 4.6 acres dedi...
| Luton | Underwood Development Partners Buys 10.6 Acres in Houston with Plans to Develop a Res Community
Houston-based Luton | Underwood Development Partners acquired 10.62 acres of land located at 11514 Trickey Rd in Houston. The majority of the land will be developed for use as a single-family community.
The new ownership pl...
| Phoenix Townhome Community Traded in $22 Mil Deal
Ara Residences, a newly constructed, 50-unit townhome community in Phoenix, was purchased for $22.05 mil ($441k/unit) by Luna Bear ARA Residences LLC, a California investor completing a 1031 exchange.
The property is locate...
| Dynarex Corporation Leases 250k sf of AZ Industrial Space
Dynarex Corporation, a medical equipment and supply wholesaler based in Orangeburg, NY, inked a lease for 250k sf of industrial space in the greater Phoenix submarket of Glendale. The space will serve as the firm’s Southwest ...
| Sacramento-Area, Institutional-Quality Res Community Expected to Fetch Near $105 Mil
A recently developed suburban apartment complex is being marketed for sale in Roseville, a high-growth submarket within Sacramento — one of the best performing metros nationwide for multifamily sector growth.
| JLL Capital Markets Arranges $173 Mil in Fannie Mae Loans on 14 Res Properties Across the U.S.
JLL Capital Markets has arranged $172.9 mil in financing for 14 multi-housing properties, totaling 1,334 units, located throughout the U.S., on behalf of multiple southern California-based borrowers. The financings consist o...
| Pegasus Group Picks Up 1,089-Unit Self-Storage Facility in Portland
Pegasus Group purchased Hosford Self Storage, a 1,089-unit, Class A self-storage facility in Portland, OR. It was sold by an affiliate of Banner Real Estate Group. The property will be managed by Central Self-Storage®.
| Dogwood Industrial Properties Buys New 152k sf Class A Industrial Asset
Dogwood Industrial Properties purchased a brand-new, 152.2k sf Class A industrial asset in Hutto, TX. The building, located at 1150 New Technology Blvd, is within Innovation Business Park III, a six-building development from ...
| BH Properties Buys Navarro Building and Garage in San Antonio
BH Properties has acquired the vacant Navarro Building and Garage along the Riverwalk in San Antonio from public utility CPS Energy.
Located at 146 Navarro St, the building was originally constructed in 1968 as a seven story...
| Westcore Acquires 150k sf CO Warehouse Property
San Diego-based Westcore has acquired Dove Valley Business Center II, a 150.6k sf, Class A warehouse in Englewood, CO. Westcore purchased the newly completed property, located at 14251 E. Otero Ave, from Chicago-based Brennan...
| Avanath Capital Management Buys 85-Unit OC Senior Housing Community
Avanath Capital Management LLC has purchased The Grove Senior Apartments, an 85-unit senior housing community in Garden Grove, for $19.85 mil, or $233.5k/unit. The property was acquired from Meta Housing, an affordable housin...
| CBRE Acquires Beezley Management
CBRE has acquired Beezley Management (Beezley), a construction management and project advisory services firm based in the Los Angeles area. Beezley serves clients throughout the greater Los Angeles area and nationally and has...
| New CO Retail Pad Building Goes for over $500/sf
A newly constructed, five-tenant retail pad with a drive-thru at Denver Airport Hotel Row in Denver has sold in a transaction worth $5.577 mil. Built in 2018, the 10.3k sf ($541/sf) building is situated on 1.59 acres at 6991 ...
| Murrieta Hot Springs Campus Offered for Sale
The historic Murrieta Hot Springs Christian Conference Center and Bible College Campus, a 43-acre campus with lodging and educational facilities in southwest Riverside County, has been put on the market. The property, located...
| ViaWest Group Breaks Ground on 25-Acre Phoenix Logistics Project
ViaWest Group has broken ground on Central Logistics Center, a 25-acre land site at the southeast corner of Central Ave and Buckeye Rd, just south of Downtown Phoenix and just west of Phoenix Sky Harbor Airport.
| MCA Realty Sells Off Vegas Assets for $17.26 Mil
MCA Realty has collected $17.26 mil from the sales of three multi-tenant industrial buildings and a parcel of land in the Las Vegas metro area.
In the largest of the transactions, MCA Realty sold Arville Gateway Center, a 43...