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• Work Gets Started on Luxury Res Development in Downtown Scottsdale
10/22/19
High Street Residential, the residential subsidiary of Trammell Crow Company, and its partner, Principal Real Estate Investors, have begun construction on a luxury 160-unit multifamily development in the heart of Downtown Sco...
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• Commercial Real Estate Financing Briefs
10/21/19
JLL - Aldon Cole and Daniel Pinkus with JLL have arranged $57.5 mil in financing for Latitude 37, a two-phase, 172-unit luxury mid-rise apartment community in South San Jose. Latitude 37 is located on three acres at 1255 and ...
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• Bascom Northwest Ventures Wraps Up $90 Mil Denver Res Buy
10/21/19
Bascom Northwest Ventures LLC has acquired 1000 South Broadway Apartments, a 260-unit Class A infill apartment community in Denver, in a $90.5 mil ($348k/unit) deal. The property was purchased with investment proceeds derived...
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• Phoenix Industrial Project Trades for $24 Mil
10/18/19
Greenwood & McKenzie purchased Desert Gateway, a 172.8k sf, two-building industrial project in Phoenix, in a recent $24 mil ($139/sf) deal. The property, located at 909 W. Pinnacle Peak Pkwy and 1000 W. Vista Bonita Dr, was s...
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• Work Finished at Seniors Mixed-Use Community in LA’s Park Mesa Heights Neighborhood
10/17/19
The Curve at West Angeles, a 70-unit, 80k sf affordable mixed-use community in the Park Mesa Heights neighborhood of Los Angeles, has been completed. The $24 mil, art deco-style project is a joint venture between Related Cali...
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• Inland Empire Office Portfolio Trades in $41.7 Mil Deal
10/17/19
Harbor Associates LLC, in a joint venture with Taconic Capital Advisors, has closed on a $41.7 mil, off-market acquisition of a five-building commercial office portfolio totaling 368k sf in San Bernardino. The deal works out...
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• AZ Grocery-Anchored Center Trades for Over $40 Mil
10/17/19
Sparks Galleria, a 212.6k sf, grocery-anchored retail center in Sparks, NV, was purchased by CIRE Equity in a transaction valued at $40.65 mil, or $191/sf. The property, located on Disc Dr and Galleria Pkwy east of Route 445/...
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• Class A Office Asset in South Orange County Trades for Over $500/sf
10/15/19
One Enterprise, a Class A, 111.4k sf office building, has sold in a $59 mil ($530/sf) transaction. The four-story property is situated on 7.27 acres at 1 Enterprise in Aliso Viejo, a master-planned city located in south Orang...
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• Healthcare Realty Trust Buys Pasadena Medical Office Property
10/14/19
Healthcare Realty Trust, a publicly traded REIT, has boosted its portfolio with the acquisition of Cotton Medical Center, a 115k sf office property in Pasadena. The price was not disclosed.
Cotton Medical Center is located a...
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• Stockbridge Pays Over $100 Mil for Luxury Res Complex in San Jose
10/14/19
LINQ, a 230-unit, transit-oriented luxury apartment community in San Jose, traded to a new owner in a $103.8 mil transaction, valuing the property at $451k/unit. The buyer was Stockbridge, on behalf of the firm’s Value Fund I...
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• Office High-Rise Set to Break Ground in Uptown Oakland Next Year
10/11/19
Telegraph Tower, a fully-entitled, next generation office development in the heart of the Oakland’s Uptown neighborhood, is slated to break ground in mid-2020. The project, a development of TMG Partners, is located at 2200 Te...
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• Office Tower Near LAX Sells for $45 Mil
10/10/19
A 306.2k sf office tower along Century Blvd in L.A.’s LAX corridor was acquired for $45 mil by a partnership led by North Sea Capital. The 15-story building, located 5901 Century Blvd, was 92% leased at the time of sale. It w...
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• Commercial Real Estate Financing Briefs
10/10/19
CONTINENTAL PARTNERS - Brian Asheghian with Continental Partners arranged a $34 mil loan for a newly constructed 144-unit multifamily asset in North Hollywood. The loan serves to refinance the existing construction loan on th...
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• Harbor Associates Wraps Up $43.5 Mil Office Buy in San Pedro
10/09/19
Harbor Associates paid $43.5 mil for a 292.5k sf ($149/sf), Class A office building along San Pedro’s waterfront. The 11-story building, located at 222 W. 6th St, west of Harbor Blvd and south of the terminus of the 110 Fwy, ...
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• $400 Mil Vegas Mixed-Use Project Promises to Be a Very UnCommons Development
10/09/19
Matter Real Estate Group has obtained construction financing for UnCommons, a $400 mil mixed-use development in southwest Las Vegas. The project will break ground this spring and be completed in fall 2021.
The development, f...
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• Rexford Industrial Realty Spends $76 Mil on Trio of SoCal Industrial Assets
10/08/19
Rexford Industrial Realty has acquired three SoCal industrial properties for $76 mil. The purchases were funded using cash on hand.
In the largest deal, Rexford acquired Slauson Commerce Center, located in City of Commerce w...
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• Salt Lake City Investor Pays $30.7 Mil for AZ Multifamily Complex
10/07/19
Solano Vista, a 352-unit res complex in Glendale, AZ, has a new owner after being sold for $30.75 mil, in a deal that works out to $87.4k/unit. Solano Vista is in the high-demand and supply-constrained Glendale submarket wher...
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• Vegas Office Complex Trades in $27 Mil Deal
10/07/19
Greystone Office Park, a 222k sf, five-building office and retail pad complex in Las Vegas, recently sold for $27 mil, or $121/sf. The asset is situated on more than 13 acres at 1800-2030 East Flamingo Rd.
Developed in 1982...
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• Trion Properties Adds 89 Units to Its Bay Area Res Portfolio
10/04/19
Trion Properties has acquired Villa Morada Apartments, an 89-unit multifamily community in the Bay Area city of Hayward, for $25 mil, or $281k/unit. The property, located at 1180-1182 East St, was sold by Klingbeil Capital Ma...
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• Excelsior Partners Acquires 50k sf OC Creative Office Asset
10/04/19
In a recent OC office buy, Excelsior Partners paid $16.8 mil for Create Tustin, a 50.8k sf ($331/sf), creative office building in Tustin. The building, located at 2642 Michelle Dr, is fully leased to three tenants – Avid Bios...
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