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• DivcoWest Acquires 143k sf Office Building in South San Francisco for $164 Mil
4/05/22
In January, DivcoWest acquired 5000 Shoreline, a three-story, 143.4k sf Class A office building located on approximately 8.5 waterfront acres in South San Francisco, for $164.5 mil. 5000 Shoreline was delivered vacant, making...
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• Swift Real Estate Partners Nabs 75k sf Seattle Office Asset
4/04/22
425 Pontius, a 75.3k sf boutique office building in Seattle’s South Lake Union neighborhood, was purchased by Swift Real Estate Partners in a $39.5 mil ($525/sf) deal.
Located at 425 Pontius Avenue North, the property inclu...
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• Two-Building Office Portfolio in San Diego Fetches $145 Mil
4/01/22
Governor Park Portfolio, consisting of two office buildings totaling 212.2k sf in San Diego’s UTC submarket with life sciences redevelopment potential, has sold for $145 mil ($683/sf). The buildings are situated on individual...
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• $86.5 Mil Gets Asana Partners a Pair of Arizona Office Buildings
4/01/22
Asana Partners has acquired The Alexander & The Johnathan, a pair of Class A experiential office assets totaling 219.6k sf in Chandler, AZ, for $86.5 mil ($394/sf). The assets were sold by George Oliver.
Recently renovated i...
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• Neurocrine Biosciences Inks Lease for 535k sf of Life Science Space in San Diego’s Del Mar Heights
4/01/22
Neurocrine Biosciences Inc, a neuroscience-focused, biopharmaceutical company, has signed a lease at for 535k sf of Class A life science and office space at Aperture Del Mar in San Diego’s Del Mar Heights area, in one of the ...
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• Presidio Bay Closes $72 Mil Bay Area Retail Buy
3/31/22
San Francisco-based Presidio Bay closed on the purchase of Charleston Plaza, a five-building retail center totaling 132.6k sf of space in both Palo Alto and Mountain View, CA. The property, situated on an 11-acre site at 2400...
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• The Vernon Group to Start Work on 167-Unit Res Project in Santa Maria
3/31/22
The Vernon Group has secured $34.8 mil in financing for the construction of the 167-unit Elements Apartments in Santa Maria, CA. The loan was provided by Thorofare Capital Inc.
Elements boasts a transit-oriented location, wi...
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• Fairfield Spends $106 Mil on Downtown San Diego Res Community
3/30/22
In a recent, $106 mil San Diego multifamily trade, Fairfield purchased IDEA1, a 295-unit ($359.3k/unit), award-winning, Class A, mid-rise multi-housing community in downtown. The property, located in the East Village neighbor...
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• New L.A. Chargers HQ and Training Facility Development Lands $276 Mil in Financing
3/30/22
In a big SoCal financing deal, a partnership comprised of Continental Development Corporation and Mar Ventures Inc has obtained $276 mil of construction and permanent financing for a new corporate headquarters and training fa...
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• Newly Constructed 618k sf NoCal Distribution Facility Trades
3/29/22
A newly constructed 617.8k sf, Class A distribution/e-commerce facility on 35.7 acres in Vacaville was acquired by an unnamed global real estate investment manager. It was sold by a joint venture of LDK Ventures and PCCP LLC....
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• Guardian Real Estate Services Secures $95 Mil in Construction Money for Portland Res Development
3/28/22
Upon completion, the seven-story Slabtown Square will consist of studio, one- and two-bedroom units with vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and an average unit siz...
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• Oxford Properties Group and EverWest Real Estate Investors Wrap Up $26 Mil Purchase of AZ Light Industrial Park
3/28/22
A joint venture between Oxford Properties Group and EverWest Real Estate Investors has closed on the $26.34 mil acquisition of Chandler Airpark, a 148.8k sf light industrial park in Chandler, AZ. The deal completes the ventu...
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• 35-Story Shoreline Gateway Opens Its Doors in Long Beach
3/25/22
Shoreline Gateway, a new 35-story, mixed-use luxury apartment complex in Downtown Long Beach, has officially opened to the public. The project is a development of Ledcor Properties Inc and Anderson Pacific LLC, with their par...
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• Moderne Capital Partners LLC and Triumph Properties Group Secure $69 Mil for Construction of Phoenix Multifamily Project
3/24/22
A joint venture between Moderne Capital Partners LLC and Triumph Properties Group is closer to moving ahead with construction of Aileron Apartments, a 287-unit Class A multifamily project in Phoenix’s Deer Valley sub-market, ...
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• Avanath Capital Management Completes Initial Closing of Its Open-Ended Affordable Housing Fund
3/24/22
Avanath Capital Management LLC has completed the initial closing of its open-ended affordable housing fund, with $536 mil in equity commitments. The initial equity commitments were used to seed the fund with an $830 mil affor...
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• Bay West Development and Forum Real Estate Group Land $284 Mil to Begin Work on 590-Unit Silicon Valley Res Project
3/23/22
Bay West Development and Forum Real Estate Group are set to move forward with development of The Maxwell, a 590-unit multifamily project situated on a 4.5-acre parcel in San Jose, after securing $284 mil in construction money...
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• Upscale Redondo Beach Multifamily Community Fetches Over $700k/Unit
3/23/22
A Los Angeles-based private investor purchased Elements 616, a 105-unit luxury multifamily complex in Redondo Beach, for $74.5 mil ($709.5k/unit). Located at 616 Esplanade, just steps from the beach, Elements 616 sits on 1.2...
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• Kingsbarn Realty Capital Buys 106k sf Anaheim Office Asset
3/22/22
Kingsbarn Realty Capital, a Las Vegas-based real estate private equity firm, has acquired Stadium Crossings, a four-story, 106k sf office building in Anaheim, for $32.5 mil ($306/sf). The 100% leased, multi-tenant property wa...
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• SB Real Estate Partners and Marble Partners Spend $58 Mil on Phoenix Res Community
3/22/22
Cantamar Apartments, a 180-unit multifamily community in Phoenix was acquired by a venture between SB Real Estate Partners and Marble Partners in a $58.1 mil ($323k/unit) deal. The property, located at 16630 N 43rd Ave, was s...
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• Majestic Asset Management Closes $50 Mil Industrial Campus Buy in Goleta
3/21/22
Majestic Asset Management purchased a six-building, 194.6k sf industrial / R&D campus on 11.9 acres in Goleta for $50.7 mil ($260.50/sf) in in an off-market transaction. The asset was part of a portfolio of commercial propert...
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