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• Westlake Village Smart & Final Sells for $22.5 Mil
3/19/21
A 50.2k sf, NNN-leased Smart & Final grocery store in Westlake Village sold for $22.525 mil, or $448/sf. The asset is located within the Westlake Village Marketplace shopping center, across the street from Westlake Business P...
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• New AC Marriott Downtown Phoenix Opens for Business
3/18/21
The newest hotel in downtown Phoenix features exceptional views and high-end features — and is now open for business despite the impact of the pandemic.
The just completed AC Marriott Downtown Phoenix in downtown Phoenix, f...
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• USPS Net-Leased Property in Inglewood Bought for $16.8 Mil by Century Park Partners
3/18/21
Century Park Partners purchased a 22.4k sf, absolute-net ground lease building in Inglewood for $16.8 mil. The property site, totaling 1.65 acres at 8821 Aviation Blvd, west of the 405 Fwy and south of Manchester Blvd, is hom...
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• Work Gets Underway on High-Rise Res Project in Downtown Salt Lake City
3/18/21
Construction has started on a 190-unit, mid-rise and high-rise, mixed-use community at 255 South State Street in downtown Salt Lake City, UT. The project, designed by KTGY Architecture + Planning, is being developed by Brinsh...
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• Libitzky Property Companies Buys 95k sf AZ Industrial Asset
3/17/21
Elliot Park 10, a 95.3k sf, multi-tenant industrial asset in Tempe, AZ, was acquired for $10.5 mil ($110/sf) by Emeryville, CA-based Libitzky Property Companies in an off-market deal. The property was 95% leased at the time o...
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• PCCP LLC and CalSTRS Lead New Venture to Acquire Single-Family Rental Communities
3/17/21
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...
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• New Salt Lake City Office High-Rise Signs Two Tenants for Three Floors
3/15/21
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 ...
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• Mountain Capital Partners (MCP) and New Earth Equities Pick Up 99-Unit Res Property in Portland
3/12/21
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...
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• Investcorp Wraps Up $85 Mil AZ Biz Park Buy
3/11/21
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...
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• Trammell Crow Company and Clarion Partners Buys 25 Acres in AZ for Industrial Development
3/10/21
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...
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• Luton | Underwood Development Partners Buys 10.6 Acres in Houston with Plans to Develop a Res Community
3/09/21
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...
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• Phoenix Townhome Community Traded in $22 Mil Deal
3/09/21
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...
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• Dynarex Corporation Leases 250k sf of AZ Industrial Space
2/19/21
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 ...
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• Sacramento-Area, Institutional-Quality Res Community Expected to Fetch Near $105 Mil
2/18/21
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.
The institutio...
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• JLL Capital Markets Arranges $173 Mil in Fannie Mae Loans on 14 Res Properties Across the U.S.
2/18/21
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...
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• Pegasus Group Picks Up 1,089-Unit Self-Storage Facility in Portland
2/17/21
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®.
Cons...
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• Dogwood Industrial Properties Buys New 152k sf Class A Industrial Asset
2/17/21
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 ...
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• BH Properties Buys Navarro Building and Garage in San Antonio
2/16/21
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...
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• Westcore Acquires 150k sf CO Warehouse Property
2/12/21
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...
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• Avanath Capital Management Buys 85-Unit OC Senior Housing Community
2/12/21
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...
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