| Passco Buys 384-Unit Multifamily Property in Texas
Passco Companies has acquired Boterra Bay Apartments, a Class A, 384-unit multifamily community in Baytown, TX. The price was not disclosed.
“While we’ve been bullish on the greater Houston area for some time due to its soli...
| Lifestyle Res Complex Opens in Murrieta
Mitchell Place, a 230-unit, lifestyle apartment community in Murrieta, has been completed and has opened to the public. The new gated neighborhood, a development of MBK Rental Living, consists of 78 flats and 152 townhomes wi...
| Trammell Crow Company to Build Spec Office Project in Scottsdale Airpark Submarket
Trammell Crow Company (TCC) Phoenix has unveiled plans for its newest development, Axis Raintree. The Scottsdale, AZ project will include a 175k sf, three-story, Class A speculative office building with a structured garage. C...
| Prologis Pays $41 Mil for 11-Acre Site in Commerce
Prologis has purchased an 85k sf industrial facility set on 11.24 acres in Commerce for $41 mil. The property is located at 2420 Yates Ave, close to a densely populated area.
Kidder Mathews commercial real estate brokers, J...
| Pathfinder Partners Closes $20.7 Mil Value-Add Buy in Colorado
In what is viewed as a value-add multifamily buy, Pathfinder Partners paid $20.725 mil for The Station, a 97-unit ($214k/unit) community in Littleton, CO, a suburb of Denver. Constructed in 1983, the property is located at 21...
| Ribbon Communications Takes 110k sf at TX Biz Campus
Ribbon Communications has signed a long-term lease for 110k sf of space at the Legacy Central campus in Plano, TX. Terms of the lease were not disclosed.
Legacy Central is a 950k sf, Class AA campus spanning 85 acres at the ...
| Neighborhood Center in the Conejo Valley Trades for $18 Mil
Conejo Gateway, a 47.3k sf neighborhood retail center in the Conejo Valley, sold for $18 mil ($380/sf). The center is located at 701 Wendy Dr, just off the 101 Fwy in the Newbury Park area of Thousand Oaks.
The neighborhood ...
| Unique Property in Downtown Hermosa Beach Sells for $775/sf
The Bijou Building, a 23.2k sf, three-story mixed use office/retail building located in downtown Hermosa Beach, traded hands in a recent $18 mil ($776/sf) transaction. The property is located at 1221 Hermosa Ave, just one blo...
| CapRock Partners Buys 226k sf AZ Industrial Asset in a Venture with CenterSquare Investment Management Client
CapRock Partners, in a venture with an institutional client advised by CenterSquare Investment Management, purchased Papago Distribution Center, a 226.4k sf, Class A industrial property in Phoenix, AZ. The price was not discl...
| BKM Capital Partners Completes WA Industrial Buy
In a recent $14.7 mil industrial buy out of the Pacific Northwest, BKM Capital Partners has acquired Federal Way Industrial Portfolio, a two-property portfolio consisting of eight buildings totaling 133.6k sf ($110/sf) in Fed...
| 165k sf AZ Shopping Center Trades in $13 Mil Investment Deal
Glenwood Development Company LLC recently purchased Willow Creek Village, a 165k sf shopping center anchored by Safeway in Prescott, AZ, for $13.1 mil ($79/sf). The property was sold by Columbus Pacific Properties, out of San...
| AZ Build-to-Suit Occupied by Moog Inc Trades for $10 Mil
A new, 34.1k sf build-to-suit office/flex building in the heart of Gilbert, AZ was purchased for $9.94 mil ($291/sf) by a private investor. The building is fully occupied by Moog Inc, a design and manufacturing company that p...
| Hill Properties Acquires San Diego Area Biz Campus with Immediate Value-Add Opportunity
Futura Business Park, a three-building multi-tenant office property totaling 51.2k sf in the Kearny Mesa submarket of San Diego, sold for $11.2 mil ($219/sf). The buyer was Hill Properties, out of La Jolla.
Located at 9445, ...
| Phoenix Office Park Acquired for $10.75 Mil
Black Canyon Commerce Park, a three-building, 181.6k sf multi-tenant office park in metro Phoenix’s I-17 Corridor, sold for $10.75 mil ($59/sf). The buyer is Next Gen Black Canyon LLC, an entity controlled by Helix Properties...
| Light Industrial Project Breaks Ground in North Las Vegas
Construction has started on Matter Logistics Center @ West Cheyenne, a five-building, 725k sf light industrial and warehouse project in North Las Vegas. The $70 mil, master-planned project, a development of Matter Real Estate...
| Excelsa Properties Venture with Goldcor Capital Partners Acquires 392-Unit TX Asset
Excelsa Properties, in a joint venture with Goldcor Capital Partners, has acquired Bayou Parc at Oak Forest, a 392-unit, multifamily community in Houston, TX. The acquisition comes approximately six months after Excelsa Prope...
| Riverside Industrial Park Trades in Deals Worth $30 Mil
Mira Loma Industrial Center South, a 172.9k sf industrial business park in Riverside County’s Jurupa Valley, has sold for nearly $30 mil, or about $173.50/sf, in five separate deals with different buyers. The project, located...
| Exchange Investor Spends Over $10 Mil on 53k sf Biz Park in Rancho Dominguez
A 1031 exchange investor paid $10.45 mil for Laurel Park Commerce Center, a fully occupied, 53k sf ($197/sf) business park in Rancho Dominguez, within southwest L.A. County. The property was sold by PRG Investment & Managemen...
| Two Sacramento Area Shopping Centers Trade Hands in Deals Totaling $24.6 Mil
Two shopping centers in the Sacramento area sold for a total consideration of $24.6 mil. The assets -- Currier Square Shopping Center in Oroville and Crossroads Shopping Center in Auburn -- were sold by Community Centers of A...
| Government Leased Building in the Sacramento Area Sells for almost $400/sf
A 17.5k sf, single-tenant office building in the Sacramento suburb of El Dorado Hills sold for $6.75 mil, or $386/sf. The government building, located at 5152 Hillsdale Circle, was constructed as a build-to-suit for the U.S. ...