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August 20, 2019
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Archive
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• AZ Office Campus Trades in $11.3 Mil Deal
4/10/19
Fiesta Tech Business Centre, a 91.5k sf office campus in Mesa, AZ, sold for $11.375 mil ($124/sf). The property is located at 2150-2220 S. Country Club Drive. Built in 1986 and 1991, Fiesta Tech Business Centre is a four-bui...
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• Vacant Office Property in El Segundo Sells for $564/sf
4/10/19
A 55k sf office building in El Segundo traded hands in an off-market deal valued at $31 mil, or $564/sf. The property, located at 2221 Park Place, just north of Rosecrans Ave between Sepulveda Blvd and the 405 Fwy, was delive...
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• Continental Realty Advisors Spends $14 Mil for 63-Unit Res Community Just Off the Vegas Strip
4/05/19
The Onyx, a 63-unit residential community just off the Strip in Las Vegas, was acquired by Continental Realty Advisors (CRA) in a $14 mil deal ($222k/unit). Occupancy at the property is high due to its proximity to the Strip ...
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• Construction to Start this Summer on Class A Medical Project in Tucson
4/05/19
PMB will begin construction this summer on a new Class A, two-story 55k sf St. Mary’s Medical Pavilion in Tucson, AZ. Total project cost will be approximately $17 mil. St Mary’s Medical Pavilion will be situated in the heart...
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• San Diego Area Biz Park Traded in $28 Mil Transaction
4/04/19
San Diego-based Fenway Capital Advisors and Waterfall Asset Management acquired Four Points Business Park, a 124.5k sf business park in San Diego’s Kearny Mesa area, for $28.2 mil ($227/sf). The asset ws sold by Brookwood Fin...
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• CTDI Leases 700k sf Distribution Facility in Texas
4/02/19
CTDI has agreed to lease an entire 706k sf distribution facility in Forth Worth, TX. The property, located at 1753 Chaplin Dr, is owned by Transwestern Investment, who purchased the building in December 2018 along with anothe...
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• Holland Partner Group Wraps Up Work on Two High-Rise Res Towers in Downtown L.A.
4/01/19
Holland Partner Group (HPG) has completed work on two high-rise, mixed-use developments in downtown Los Angeles. The two projects - The Grace and The Griffin on Spring -- are located at the intersection of the Historic Core a...
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• OC Water Park Property Lands $170 Mil in New Financing
3/29/19
Colorado-based McWhinney has secured $170 mil in financing for the Great Wolf Lodge, a nine-story water park resort in the OC city of Garden Grove. The financing was arranged by Berkadia. The 105k sf Great Wolf Lodge is situ...
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• Investor Spends $13.5 Mil on 600 Acres of Land in Colorado
3/29/19
A 602-acre site in Platteville, CO was purchased for $13.5 mil by an undisclosed buyer in what we’re told is the largest land transaction in Weld County within the last three years. The site is located one mile west of Hwy 85...
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• Draftsmen & Craftsmen
3/28/19
Construction of San Diego Mesa College’s Fine Arts Building has been completed. The $15.9 mil project consists of a four-story, 26.5k sf facility that unites the program’s departments into a single modernized building. The ...
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• West L.A. Dev Site Sells for $390/sf
3/28/19
A 14.7k sf development site in the Palms area of West Los Angeles sold for $5.75 mil, or $390/sf for the land. The property, Motor + Venice, is located at 3657-3659 Motor Ave, north of Venice Blvd and west of the downtown Cul...
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• WeWork Takes Five Floors in 110-Year-Old San Francisco Building
3/27/19
WeWork has agreed to a 10-year, $10 mil lease for five full floors totaling 12k sf ($6.94/sf/mo) of space at the historic Whitell Building in San Francisco. The 50k sf office tower is located at 166 Geary St, overlooking Unio...
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• AZ Popeye’s Goes for $636/sf
3/27/19
A 2.2k sf Popeye’s Louisiana Kitchen in Phoenix sold for $1.4 mil ($636/sf). The property, located at 6540 W. Thomas Rd, was purchased by Williams Real Estate Holdings LLC of Bend, OR. Built in 2007, Popeye’s is located on ...
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• Lennar Corporation Acquires 41 Acres in San Diego for Res Development
3/22/19
Lennar Corporation has acquired a 41.5-acre property in San Diego, California for the proposed development of a new 601-home residential community known as Pacific Village. The property is situated in Rancho Penasquitos, a su...
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• Savills Studley Inc has Rebranded as Savills Inc
3/21/19
Savills Studley Inc has rebranded as Savills Inc, effective immediately. This change aligns the U.S. arm of the business with the global platform of Savills plc (SVS.L). The firm has also changed its email and web addresses t...
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• Founders Properties LLC Spends $10 Mil on AZ Office Building
3/21/19
Minnesota-based Founders Properties LLC paid $10.06 mil for a two-story, 63.8k sf ($158/sf) Class A office building located within Inverness Commons Business Park, in the hub of Mesa, AZ’s booming Higley Road medical corridor...
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• Utah Retail Center Sells in $48 Mil Deal
3/21/19
The Family Center at Riverdale, a 427.8k sf shopping center in Riverdale, UT, sold for $48.2 mil, or $113/sf. The City of Riverdale is part of the Ogden-Clearfield market and is six miles from Ogden and 35 miles from downtow...
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• JLL Acquires Corporate Concierge Services
3/20/19
JLL has acquired Corporate Concierge Services (CCS), a national provider of onsite tenant amenity and concierge solutions for retail, office, residential and hospitality properties. The acquisition, which is effective immedia...
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• Multi-Story Industrial Project in Seattle Slated for Development Later this Year
3/19/19
Track 6, an expansive, Class A, multi-story industrial project in Seattle, is slated to start development later this year. The project is a development of Avenue 55, a Seattle-based private real estate company. Track 6 is bu...
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• Nourison Industries Leases 121k sf in North Las Vegas
3/18/19
New Jersey-based Nourison Industries, a leading floor covering and home accents manufacturer, has selected North Las Vegas as its regional distribution facility – signing a long-term lease for approximately 121k sf. Nourison ...
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