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• Pacific Heritage Communities Locks Up $54 Mil in Permanent Financing on New Ventura Res Community
9/22/20
Pacific Heritage Communities has secured a $54 mil permanent loan on Parklands Apartments, a newly completed 173- unit multifamily community in the city of Ventura.
Located at 10940 Bajo Rd, at Telegraph Rd, a few blocks fro...
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• Fundamental Income Spends $50 Mil on Carvana Occupied AZ Facility
9/22/20
In a recent AZ industrial buy, Phoenix-based Fundamental Income picked up a 190k sf, single-tenant property in Tolleson for $50 mil in an off-market deal. The property, located at 600 S 94th Ave, is occupied by Carvana.
The ...
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• Davies Torrance Trust Pays $14.3 Mil for Fully Leased Class A Office Building in Sacramento’s Highway 50 Corridor
9/21/20
Gold Pointe Corporate Center Building E, a 63.2k sf, Class A office building in Gold River, CA, was purchased by Davies Torrance Trust in a $14.3 mil ($226/sf) transaction. The building, located at 11919 Foundation Place, abo...
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• R&V Management Buys 129-Res Property in San Diego’s Downtown Area
9/21/20
An affiliate of San Diego-based R&V Management has acquired AV8, a 129-unit multifamily property in the city’s Little Italy neighborhood. The purchase was financed with a loan of $43 mil.
Located at 2175 Kettner, AV8 was ori...
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• Hearst Spends $52 Mil on Creative Office Asset in San Francisco’s SOMA District
9/18/20
Hearst purchased a 44.8k sf, creative office asset in the heart of San Francisco’s tech-driven SOMA District. The building, located at 1098 Harrison St, adjacent to I-80 and the city side of the Bay Bridge, was sold by Embarc...
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• CT Realty Picks Up 18.5-Acre TX Development Site
9/18/20
CT Realty has acquired a prime, 18.46-acre infill site in Irving, TX on which the company will develop Stadium Logistics Center, a 329.4k sf industrial building. The $40 mil project, slated to break ground later this month, w...
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• KKR Buys 350k sf OR Industrial Facility
9/17/20
KKR purchased The Cubes at Troutdale, a 350k sf, speculative industrial facility located in the Troutdale Reynolds Industrial Park on the east side of Portland. The asset was sold by CRG, the real estate development and inves...
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• Rockefeller Group Acquires 30 Acres in Riverside County for 623k sf of Industrial Development
9/16/20
Rockefeller Group has acquired approximately 30 acres of property in Riverside County for the development of 623.1k sf of Class "A" industrial distribution space.
The first project, being marketed as the Val Verde Logistics...
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• Planned DTLA Hotel Project Estimated to Provide Thousands of Jobs and $1.6 Bil Boost to L.A. Economy
9/15/20
Angels Landing, a two-tower, five-star luxury hotel development planned for downtown L.A.’s Bunker Hill neighborhood, will create thousands of new jobs and generate millions in annual tax revenues for Los Angeles, according t...
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• Trammell Crow Company and CBRE U.S. Development Partners 5 Complete 356k sf Industrial Development in Phoenix
9/15/20
Work has been completed on Park Aldea, a 356k sf, four-building industrial development in Phoenix. The project is a development of Trammell Crow Company (TCC) and its partner, CBRE U.S. Development Partners 5, a fund sponsore...
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• Buchanan Street Partners Closes on 276-Unit Res Buy in Colorado
9/14/20
Buchanan Street Partners has acquired The Vibe, a 276-unit multifamily community in Fort Collins, CO. The property, built in 2018, was sold by Milestone Development Group in a $74 mil ($268k/unit) transaction.
The Vibe, con...
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• Advanced Real Estate Services Secures $240 Mil in Refi Money on Six SoCal Multifamily Assets
9/14/20
Advanced Real Estate Services Inc has completed $240.44 mil in refinancings on six SoCal multifamily communities totaling 1,223 units. The Freddie Mac and Fannie Mae financings were arranged by NorthMarq Capital and generated...
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• New Silicon Valley Office/R&D Development Modified to Provide Safer/Healthier Work Environment
9/11/20
Lawrence Station, a brand new Class A office/R&D project being constructed in the heart of Silicon Valley, has modified its design to provide a safer and healthier working environment as companies and their employees begin re...
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• Carson Multifamily Community Opens to the Public
9/11/20
A new, 300-unit multifamily community in Carson has just been completed and opened to the public. The project, Evolve South Bay, offers 11 spacious floor plans ranging in size from approximately 695 sf to 1.2k sf., is a devel...
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• Work Started on 276-Unit AZ Res Community
9/10/20
Continental Properties has begun work on Springs at Cooley Station, a 276-unit residential community in Gilbert, AZ. The development is being built by McShane Construction Company, in the 20th Springs project between the two ...
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• Lowe Property Group Breaks Ground on 284k sf Mixed-Use Project in Downtown Salt Lake City
9/09/20
Lowe Property Group has broken ground on 6th & Main, a 284k sf mixed-use development in the heart of downtown Salt Lake City. The eight-story structure will include 10.1k sf of commercial space and 141.1k sf of residential ap...
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• San Diego Area Office Building Trades in $20 Mil Deal
9/08/20
A Los Angeles-based private buyer paid $20.6 mil for a 51.7k sf ($398/sf) office building in San Diego’s Sorrento Mesa area. The property was sold by real estate investment management firm Buchanan Street Partners.
Located a...
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• Stockbridge Spends $127 Mil on Bay Area Life Science Campus
9/08/20
Stockbrige has purchased Waterfront at Harbor Bay, a six-building, 385k sf Class A office, life science and distribution campus in the East Bay, in a transaction worth $127.5 mil. The company is also in the process of acquiri...
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• Former Execs at Isles Ranch Partners and Landmark Real Estate Start New Investment Firm
9/04/20
A new real estate investment firm, RanchHarbor, has just started up. The firm provides joint venture equity and general partner co-invest equity, targeting commercial and multifamily real estate investments between $2 mil and...
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• RevOZ Capital Makes Opportunity Zone Investment in Downtown Sacramento
9/03/20
RevOZ Capital has formed a joint venture with Argosy Real Estate Partners to acquire a 127k sf office building in downtown Sacramento for redevelopment. The move reflects the continued emergence of the city’s Downtown Common...
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