| CapPlus Technologies Buys 20k sf Industrial Facility in Phoenix
CapPlus Technologies has purchased a 20.6k sf, state-of-the-art manufacturing and distribution facility in Phoenix for $2.93 mil, or $142/sf. CapPlus provides innovative production and packaging solutions for softgel caps, ca...
| Net-Leased, Single-Tenant Industrial Facility in Texas Fetches $154/sf
A 27.2k sf, industrial building in Brookshire, TX sold for $4.2 mil, or $154/sf. The single-tenant property, located at 502 FM Highway 359 Road South, is fully occupied by H&E Equipment Services on a net lease with more than ...
| CPP Completes $35.6 Mil Rehabilitation of 140-unit Affordable Housing Community in Antelope
Community Preservation Partners (CPP) has completed a major renovation at Danbury Park Apartments, a 140-unit affordable housing community in Antelope, CA. The total $35.6 mil project includes an $18.5 mil purchase and nearly...
| Parallel Capital Partners to Handle Asset Management for 1 msf Honolulu Portfolio
San Diego-based Parallel Capital Partners Inc has taken over asset management of a $300 mil portfolio of commercial and retail properties in downtown Honolulu. As part of the deal, Parallel will oversee day-to-day management ...
| Seefried Industrial Properties and Crow Holdings Capital Real Estate Buy 40 Acres in AZ for Development
Seefried Industrial Properties and Crow Holdings Capital Real Estate recently acquired 40 acres of land in Avondale, AZ. The site will be used for the development of 101 Logistics Park, a new two-building, Class A industrial ...
| WestRock Corporation Leases 75k sf at Hogum Bay Logistics Center in Lacey, WA
WestRock Corporation inked a lease for 74.5k sf of space at Hogum Bay Logistics Center (HBLC), a 1.1 msf, three-building logistics campus in Lacey, WA. The complex, located at 8000 Hogum Bay Road NE, is being developed by IDS...
| Office Building in San Francisco’s SoMa District Acquired by Chilean-based Stars Investments in a Venture with The Swig Company
A 42k sf office building located in the SoMa submarket of San Francisco was acquired by Chilean-based Stars Investments in partnership with San Francisco-based The Swig Company. The building, situated on a 50k sf lot at 945 B...
| Equity Residential Looking to Add 200+ Units to Its Reserve at Mountain View Apartments
Equity Residential has submitted plans to the City of Mountain View to add 200+ apartments to its Reserve at Mountain View Apartments, located at 870 E. El Camino Real in the City of Mountain View. The proposal includes the a...
| Residential Tower Project in Austin, TX Lands $88 Mil in Construction Funding
Austin-based Pearlstone Partners and Miami-based Newgard Development have secured an $87.9 mil loan for construction of 48 East Avenue, a 249-unit, 30-story condominium project being developed in Austin’s Rainey District. The...
| Stanton Road Capital Buys 210k sf TX Office Building
In a TX office buy, Stanton Road Capital LLC acquired Campbell Glen II, a 210k sf, Class A building in the Richardson submarket of Dallas. The building is located at 1125 E. Campbell Road.
Currently vacant, and formerly leas...
| San Mateo Retail Property Trades for $31.5 Mil
Borel Square Shopping Center, a 96.7k sf neighborhood shopping center in San Mateo, sold for $31.5 mil ($326/sf). The single-story retail property is anchored by CVS and 24 Hour Fitness and is 97.6% percent leased overall.
| Premier Business Centers Rebrands to Premier Workspaces
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
| Two Central CA Smart & Final Stores Fetch $14.8 Mil
Two Smart & Final grocery stores in Central California have sold to a private investor as corporate leasebacks for a combined price of $14.8 mil. The assets were sold by Smart & Final, a Los-Angeles based grocery chain with m...
| TX Office High-Rise Project Receives Platinum Pre-Certification
Texas Tower, a 47-story, 1 msf office development in Houston, has received Platinum pre-certification under the U.S. Green Building Council’s LEED® v4 for Core & Shell (CS) Rating System. The project is a development of Hines...
| Conor Commercial Real Estate and Globe Corporation Acquire 19 Acres in Phoenix for Spec Industrial Project
Conor Commercial Real Estate and Globe Corporation have assembled 18.8 acres in Phoenix’ land-constrained Sky Harbor Airport submarket for a spec industrial development. The project, named Airport 40, is slated to start const...
| Newport Beach Investor Exchanges into Two OC Multifamily Properties Totaling $14 Mil
A private 1031-exchange investor from Newport Beach acquired two OC multifamily properties for a total of $14 mil. The assets, totaling 44 units, are in Anaheim and Costa Mesa. CBRE’s Dan Blackwell represented the buyer in bo...
| Vegas Office Asset Trades in $20 Mil Deal
A 59k sf, single-tenant office property in the Las Vegas area, sold for $19.9 mil, or $338/sf. The Class A office building is leased to an industry leading Fortune 10 company and features recent, comprehensive renovations – a...
| Reliant Group Closes $116 Mil NoCal Res Portfolio Buy
San Francisco-based Reliant Group Management purchased a portfolio of seven apartment communities, located in the cities of Napa, Vallejo, Hercules, Antioch, Dublin and Hayward, for $116 mil. The portfolio contains 603 apartm...
| Senior Housing Development Planned for Los Angeles’ Koreatown Neighborhood
Meta Housing Corporation and Western Community Housing have formed a joint venture to develop Vermont Corridor Apartments, a six-story, transit-oriented senior and permanent supportive housing multifamily community in Los Ang...
| Investor Buys 29 Acres in the Phoenix Area and Immediately Sells Off 18.5 Acres in Two Other Deals
There have been three land transactions encompassing a total volume of $20 mil and 47 acres to report from the Deer Valley submarket of Phoenix, AZ. The transactions encompassed the acquisition of a 28.8-acre parcel by one in...