|
• Maximus Federal Services Renews 149k sf Phoenix Space
11/30/22
Maximus Federal Services has inked a renewal lease for its 149.2k sf space in Phoenix. The five-and-a-half-year extension is for the entire three-story, Desert Canyon building, located at 2411 West Peoria Ave.
2411 West Peor...
|
• Avanti Residential Buys 382-Unit Phoenix Res Community for $65 Mil
11/30/22
Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65 mil, or $170k/unit. Recognized for its chic and colorful exterior with a coveted American Soc...
|
• Four-Building Industrial Park in City of Industry Goes for Over $300/sf
11/29/22
A four-building, 95.7k sf freestanding industrial park in City of Industry was purchased by Newport Beach-based Focus Real Estate and their joint venture equity partner Long Wharf Capital, in a $30.75 mil ($321/sf) transactio...
|
• UCLA Defeats USC in Annual NAIOP SoCal Silver Shovel Competition
11/29/22
On the 25th anniversary of the NAIOP SoCal UCLA vs USC Real Estate Challenge, it was UCLA’s five-member graduate student team that took home the Silver Shovel.
The event, held November 17 on the UCLA campus, pit five-member...
|
• Phoenix Office Building Gets New Owner in $14.55 Mil Transaction
11/28/22
A joint venture of Crowne Point Equity LLC, Corsair Management LP and A-1 Legacy Properties LLC paid $14.55 mil for a 42k sf ($346/sf) office building in Phoenix. Located at 6225 North 24th Street, the three-story building is...
|
• Prologis Buys Industrial Dev Site in Phoenix’ Deer Valley Area
11/23/22
Global industrial real estate leader Prologis has a 7.95-acre, infill land parcel in Phoenix for $8.65 mil. The site was sold in an off-market deal by Wadsworth Development.
The firm plans to develop two industrial building...
|
• Buyers Pick Four Up Former Sears Sites in California
11/22/22
Four former Sears development sites located across California were acquired by private investors in separate deals. The assets, in Fairfield, Ventura, Salinas and Sacramento, were sold by a single investor. The prices were no...
|
• Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
11/18/22
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
|
• New Medical Office Building in Encinitas Nearing Completion
11/15/22
Construction is nearing completion on a brand new, Class A multi-tenant medical office building in Encinitas. Located at 777 N El Camino Real, the 12.2k sf facility represents the first speculatively built medical office buil...
|
• Class A, 222k sf Office Portfolio in Carlsbad Gets New Owner
11/15/22
M.C. Strauss, out of Solana Beach, acquired a 222k sf, multi-building Class A office portfolio in Carlsbad. The purchase consists of Carlsbad Executive Plaza and The Plaza with a combined six buildings.
Carlsbad Executive Pl...
|
• Nadel Architecture + Planning Forms Partnership with Lisbon-based Saraiva + Associados
11/14/22
Los Angeles-based Nadel Architecture + Planning has formed a partnership with Lisbon-based Saraiva + Associados (S+A). S+A maintains the 9th largest residential practice in the world and is the largest architectural firm in ...
|
• 200-Unit Arizona Build-to-Rent Community Breaks Ground
11/14/22
Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
|
• Phoenix Office Building Traded in $11 Mil Deal
11/11/22
Black Canyon Commerce Center – Building A, a 62.8k sf, multi-tenant office building in Phoenix, was acquired by Washington-based Evergreen Associates LLC for $11.2 mil, or $178/sf. Located at 2101 West Peoria Ave, the single-...
|
• Xcel Energy Acquires 10 Acres in Colorado for 40k sf Build-to-Suit
11/10/22
Xcel Energy acquired 10 acres at HighPoint Elevated, a 5 msf industrial park in development in Aurora, CO, from the project’s developers—Hyde Development and Mortenson—for $2.7 mil. Hyde and Mortenson will partner on the cons...
|
• Retail/Medical Center in Vegas Trades for $298/sf
11/09/22
Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market.
Anc...
|
• Westport Properties to Develop New Industrial Facility in Henderson, NV
11/08/22
Westport Properties plans to develop a new, 81.5k sf industrial facility on a recently acquired land parcel in Henderson, NV. The company will begin construction in the first quarter of 2023.
The building, located at the cor...
|
• Propeller Inc Lands at Field Office in Portland
11/04/22
Propeller Inc, an Oregon-based management consulting firm, has signed a new 11.7k sf lease in Portland’s North Pearl District. The company is relocating its Portland office to Field Office, located at 2035 NW Front Ave. Terms...
|
• Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver
11/04/22
Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
|
• Seven-Property Self-Storage Portfolio Traded
11/04/22
A seven-property self-storage portfolio in Arizona and Minnesota traded hands. The primarily Southwest and Midwest portfolio totals 606.2k sf sf of covered RV/Boat parking, and 20.4k sf of uncovered parking, totaling 5,890 un...
|
• AZ Industrial Sales Comp Works Out to $159/sf
11/03/22
In an AZ industrial buy, Pennybacker Capital Management LLC paid $11.5 mil for a fully leased 72.1k sf ($159.50/sf) facility in Tempe. Known as the Tempe Industrial Center the freestanding building is 100% leased and serves a...
|
Return to the Home Page - Etc... Etc... area
