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• Old Dominion Freight Line Buys 26 Acres of Undeveloped Land in Colorado
12/26/23
Old Dominion Freight Line Inc (ODFL) has acquired 26.5 acres of undeveloped land in the Airport North submarket of Loveland, CO. ODFL is one of the largest North American less-than-truckload motor carriers.
The industrial si...
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• Investor Buys 118 Acres in Arizona
12/22/23
A 118-acre residential development property at the southeast corner of Herseth Rd and Arizona Farms Rd in Florence, AZ traded hands in a recent $2.75 mil deal. The property was acquired by Contadino 2021 Irrevocable Trust.
T...
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• Temple City Res Development Opens to the Public
12/22/23
Begonia Place, a four-story, 74-unit residential/retail development in Temple City, has been completed and is now open to the public. The $37.8 mil project was built by C.W. Driver Companies on behalf of Begonia Real Estate D...
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• LA Investor Pays $292/sf for OC Biz Park
12/21/23
Harbor Warner Business Center, a 38.6k sf, industrial multi-tenant business park in Santa Ana, was purchased by a private investment fund in an $11.275 mil ($292/sf) transaction. The asset was sold by Rexford Industrial Realt...
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• Phoenix Single-Tenant Facility Trades for $200/sf
12/20/23
A freestanding, 35.4k sf single-tenant industrial/flex property in Phoenix traded hands for $7.135 mil ($201/sf). The facility sits on more than 2.5 acres at 2655 E Magnolia St, adjacent to I-10 and Phoenix sky Harbor Interna...
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• 80 Acres in Casa Grande, AZ Trades
12/20/23
An 80-acre development property on the southwest corner of McDavid Rd and Hidden Valley Rd in Casa Grande, AZ has been sold to Elenes Maricopa, LLC for $940k. The seller was Ropalm Ventures, LLC. Kidder Mathews’ Brian Rosella...
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• Brixton Capital Buys 178k sf NoCal Shopping Center
12/19/23
In a recent NoCal retail buy, Brixton Capital acquired Monterey Plaza, a 178.2k sf shopping center in San Jose. The property was sold by a Kimco Realty joint venture with Prudential Global Investment Management for an undiscl...
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• STG Capital Partners Picks Up 17 Acres in Paso Robles for Res Development
12/19/23
STG Capital Partners has acquired 17 acres of land located at 3138 Linne Road in Paso Robles, CA for $16.95 mil. The company will begin immediately on the development of 214 build-to-rent homes with completion planned for su...
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• Commercial Real Estate Financing Briefs
12/18/23
CBRE CAPITAL MARKETS - Bob Ybarra, Bruce Francis, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE’s Capital Markets Debt and Structured Finance team arranged a $13.5 mil participating construction loan...
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• Bellevue, WA Multifamily Property Goes for $16 Mil
12/15/23
Bellefield Manor, a 44-unit apartment community situated on 1.8 acres in downtown Bellevue, WA, was acquired by a California-based investor for $16.1 mil ($366k/unit).The buyer is expected to make additional cosmetic upgrades...
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• AZ Flex/Office Building Trades to Private Investor
12/14/23
A 62k sf, freestanding flex office building in Tempe, AZ was acquired by Enzed LLC, a private individual investor. Located at 8140 S Hardy, the building is 100% leased to a single tenant. The seller was a global investment ad...
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• Fresno Multifamily Property Sells for $115k/Unit as Part of Complex, Six-Property Reverse 1031 Exchange
12/13/23
College Apartments, a 40-unit multifamily property in Fresno, traded hands for $4.6 mil ($115k/unit) as the final piece of complex six-property reverse 1031 exchange transaction.
Robin Kane and Brendan Kane with The Moghareb...
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• Peckham Inc Leases 136k sf Office Building in Phoenix
12/13/23
Peckham Inc, a non-profit community vocational rehabilitation organization, has inked a lease for all of One Compass Center, a four-story, 136.2k sf Class A office building in Phoenix in a deal we’re told is the largest offic...
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• Rani Therapeutics Inks 33k sf Lease Expansion in the Bay Area
12/12/23
Rani Therapeutics LLC, the operating subsidiary of Rani Therapeutics Holdings Inc, has signed a lease expansion for 33.3k sf of manufacturing, R&D and administrative space in Fremont. Rani is a Silicon Valley-based, clinical-...
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• Palm Desert Retail Pad Property Sells for $454/sf
12/12/23
A fully occupied, 8.5k sf multi-tenant retail pad property in Palm Desert traded hands in a $3.86 mil ($454/sf) transaction. The property, situated near the I-10 Fwy Washington St on/off ramp is anchored by a new Chipotle Mex...
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• Santa Maria Luxury Res Community Trades
12/11/23
Azure, a 318-unit, luxury garden-style apartment community in the SoCal city of Santa Maria, has traded hands. While we’ve not been able to confirm the buyer or the price, we’ve heard that the buyer was Afton Properties, whic...
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• RectorSeal Leases 240k sf at Tejon Ranch
12/11/23
RectorSeal LLC has agreed to a lease for 240k sf of space within a 480k sf industrial facility at Tejon Ranch Commerce Center (TRCC). RectorSeal, a manufacturer of quality HVAC/R and plumbing products distributed globally, be...
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• Constellation Real Estate Partners and Northwestern Mutual acquire 10 Acres in Grand Prairie, TX for Industrial Project
12/08/23
Constellation Real Estate Partners, in partnership with Northwestern Mutual, has acquired 10 acres of land at 901 E. Avenue K in Grand Prairie, TX for the development of Constellation Commerce 360, a two-building, 200.5k sf s...
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• Affiliate of The Boring Company Buys 1.36-Acre Las Vegas Site for Underground Loop Station
12/08/23
Fairgrounds Drive Retail LLC, an affiliate of HMV Group, sold a 1.36-acre site in Las Vegas for $3.67 mil. The property, located at 3682 S. Valley View Blvd, was acquired by Object Dash LLC, an affiliate of Elon Musk’s The Bo...
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• Cityview’s Portico Res Development in Oakland Expected to be Completed this Month
12/07/23
Cityview’s 378-unit opportunity zone res project in Oakland is slated for completion in December 2023. The development, named Portico, is an upscale waterfront community located at 37 8th Ave in Brooklyn Basin’s master-planne...
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