| Erickson Companies Spends $26 Mil on Industrial Portfolio in AZ and CA that It Occupies
Erickson Companies purchased a multi-state industrial portfolio consisting of a 40k sf headquarters facility on 13 acres in Chandler, AZ and a 20k sf facility on 15 acres located in the Sacramento-area city of Roseville. The ...
| Company 3 Takes 70k sf at Hudson Pacific Properties’ Harlow Office Building
Global post-production firm Company 3 has signed an 11-year lease for 70.3k sf of space at Harlow, Hudson Pacific Properties’ recently completed Class A office development at Sunset Las Palmas Studios in Hollywood. The lease ...
| Investors Trade AZ Multifamily Community for $32 Mil
The Porter, a 165-unit multifamily community in Tempe, AZ, was purchased by a private investor for $32 mil, or $194k/unit. Constructed in 1980, The Porter is Located at 1532 South Price Rd.
The Porter contains a mix of one-b...
| George Oliver to Transform Tempe Office Campus
Phoenix-based developer George Oliver has plans to implement a major makeover of the five-building Hayden Station mixed-use office campus in Tempe, AZ. The 107.5k sf property is located on the southwest corner of Mill Ave and...
| Anchor Health Properties Spends $25 Mil on 81k sf Office Building in San Diego’s Mission Valley
Anchor Health Properties has purchased Rio Vista Plaza, an 81.2k sf, multi-tenant office building in San Diego’s Mission Valley submarket, for $25.3 mil ($312/sf). The buyer plans to reposition the property as a medical offic...
| DWG Capital Partners Picks Up 36k sf TX Industrial Asset in Sale/Leaseback Deal
DWG Capital Partners purchased a 35.8k sf Texas industrial property in a sale-leaseback transaction. The transaction value was not disclosed.
The light industrial facility is located at 1317 Business Highway 71 North in Colu...
| KTGY Architecture + Planning Acquires Simeone Deary Design Group
KTGY Architecture + Planning (KTGY) has acquired hospitality-focused interior design and branding firm Simeone Deary Design Group, creating a fully integrated architecture, branding, interiors and planning practice. Together,...
| Tidewater Capital Finishes New Moxy Hotel in Oakland
Tidewater Capital has completed work on Oakland’s first Moxy Hotel, a young-at-heart brand by Marriott International. The 172-room boutique hotel was developed utilizing the opportunity zone investment program. The project, w...
| Investor Exchanges into Phoenix Industrial Facility for $16.8 Mil
A new 146.5k sf distribution and manufacturing facility in Phoenix was acquired for $16.8 mil ($115/sf) by a 1031 exchange investor. The property was sold by Caprock Partners.
Located at 4615 W. McDowell Rd, the property can...
| Black Creek Group Finishes Spec Industrial Development in Fort Worth
Black Creek Group has completed construction of Carter Park, a spec industrial development in Fort Worth, TX. The project, consisting of three distribution/warehouse buildings of 250k sf, 231k sf and 88k sf, was built by Cade...
| Palisades Property Trust Buys AZ Industrial Property
Palisades Property Trust acquired a 65.5k sf industrial property in the Phoenix metropolitan area from a long-term corporate owner in an off-market transaction. The asset, located at 1503 West San Pedro in Gilbert, was purch...
| NY Pension Fund Advisor Buys 389-Unit AZ Res Property
Almeria at Ocotillo, a 389-unit multifamily property in Chandler, AZ, was acquired by a New York-based pension fund advisor. The property was sold by Passco Companies.
Built in two phases in 2014 and 2015, Almeria at Ocotill...
| Buyer Pays $178/sf for Medical Office Building in Nevada
A 13.2k sf medical office building at 2598 Windmill Pkwy in Henderson, NV sold for $2.35 mil, or $178/sf. The property was sold by Method Art Corporation.
Built in 1998, the single-story building features 19 wet exam rooms, ...
| Rexford Industrial Realty Buys Five Assets Totaling 382k sf in Feb and March
In the latest activity by Rexford Industrial Realty, the company acquired five industrial properties representing 382.3k sf of improvements for an aggregate purchase price of $68.8 mil. The company also sold one industrial pr...
| Wood Investments Companies Closes $35 Mil Retail Buy in Idaho
Wood Investments Companies Inc has acquired CentrePoint Marketplace, a 100%-occupied, 197.3k sf community shopping center in the city of Meridian, the second-largest city in Idaho. The purchase price was $35 mil ($177/sf), re...
| West Freeman Properties Pays Over $200k/Unit for Phoenix Multifamily Property
West Freeman Properties purchased Midtown Flats, a luxurious, 122-unit multifamily property in Phoenix, for $26 mil ($213k/unit). The property, located at 825 W. Osborn Rd, was sold by Midtown Flats Acquisition Company LLC.
| Kyrene School District Leases 28 Acres in Chandler, AZ for Industrial Development
Kyrene School District inked a 77-year ground lease for 28.6 acres in Chandler on which it will develop Converge Logistics Center. The project will consist of three general industrial buildings totaling approximately 512.7k ...
| Molto Properties Breaks Ground on 115k sf Houston Industrial Facility
Molto Properties has broken ground on West Gulf Bank Distribution Center, a 115.6k sf, Class A distribution building in Houston. The new facility is located at 9700 West Gulf Bank, within Brookhollow West Business Park.
| New AZ Mixed-Use Project Seeing Considerable Leasing Activity
There’s been a lot of recent tenant activity at The Watermark | Tempe, a new high-end mixed-use project in Tempe, AZ. This includes the completed openings of 10 retail and restaurant tenants, along with three significant offi...
| Wadsworth Development Group Buys Phoenix Site for Industrial Project
Wadsworth Development Group purchased a 10-acre land parcel located at the Southwest corner of 15th Ave and Pinnacle Peak Rd in the Deer Valley submarket of Phoenix for $6.4 mil. Wadsworth intends to develop a 136k sf, spec i...