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• Mapleton Investments Closes on $27 Mil Industrial Buy in Phoenix
12/23/20
Los Angeles-based paid $27 mil, or roughly $207 per square foot, for a fully leased 130.3k sf industrial manufacturing/R&D asset in Phoenix. The asset was sold by Canadian-Based Artis Real Estate Investment Trust.
The missio...
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• TruAmerica Multifamily Makes Its First Buy in the Lone Star State
12/23/20
TruAmerica Multifamily closed on its first investment in the state of Texas with the acquisition of Arbors of Las Colinas, a 408-unit Class B apartment home community in the Dallas suburb of Irving. The price was not given ou...
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• Hudson Pacific Properties and Canada Pension Plan Investment Board Buy Seattle Office Tower in $625 Mil Deal
12/22/20
Hudson Pacific Properties and Canada Pension Plan Investment Board have partnered in a large, end-of-year office buy, paying $625 mil for 1918 Eighth Avenue, a 668.9k sf high-rise located in the heart of Downtown Seattle’s bu...
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• Rexford Industrial Realty Purchases Vernon Industrial Portfolio for $94 Mil
12/22/20
Rexford Industrial Realty Inc purchased a six-building industrial portfolio for $93.8 mil and an industrial outdoor storage yard for $16.8 mil. The acquisitions were funded using cash on hand.
Rexford acquired the six-buildi...
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• Private Investor Money Buys 240-Unit AZ Res Community
12/21/20
Enclave at Arrowhead, a 240-unit res community in Peoria, AZ was acquired by a private family investment entity for $63 mil, or $262.5k/unit. The property was sold by R&V Management and Wermers Properties.
Built in 2006, Enc...
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• Kennedy Wilson Fund VI Closes $55 Mil Office Buy in Salt Lake City
12/21/20
Kennedy Wilson Fund VI, a commingled fund managed by Kennedy Wilson, has acquired three, two-story office buildings and two development sites totaling 247k sf in Greater Salt Lake City, UT for $55 mil. The institutional quali...
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• Deka Immobilien Buys DTLA Class A Office Tower
12/18/20
Deka Immobilien, a global real estate investment company based in Germany, is closing out the year with the off-market purchase of 915 Wilshire, a 22-story, 388.1k sf Class A office building in the heart of Downtown Los Angel...
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• Retail Center in L.A.’s Koreatown Goes for $719/sf
12/17/20
An 80k sf shopping center in Los Angeles’s Koreatown was purchased for $57.5 mil ($719/sf) by a private investment company. The three-story property, California Marketplace, is located at 450 South Western Ave, about two bloc...
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• London Entity Buys Santa Barbara Creative Office Property
12/16/20
A 48.6k sf, single-tenant creative office building in Santa Barbara was acquired by London-based commercial real estate investment firm Global Mutual. The price was not given out.
Located at 1001 State St, the building was o...
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• CapRock Partners and Ares Management Corporation Obtain $135 Mil in Financing for North Las Vegas Industrial Project
12/15/20
A joint venture of CapRock Partners and funds managed by Ares Management Corporation has secured $134.6 mil in first mortgage debt for the construction and lease up of CapRock Tropical Logistics Park, a two-building, 1.13 msf...
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• Parkview Financial Provides $80 Mil Loan for Construction of Newport Beach Luxury Condo Project
12/14/20
One Newport Development LLC is slated to start vertical construction in early 2021 on Uptown Newport, a residential project consisting of 66 for-sale luxury condominiums in Newport Beach, thanks to an $80 mil construction loa...
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• Orbis Real Estate Partners Collects $140 Mil from Two Inland Empire Dev Land Sales
12/11/20
Two large industrial development sites totaling 88.5 acres in the Inland Empire sold in deals worth a combined $140 mil. The assets were sold by Orbis Real Estate Partners.
In the larger transaction, Reno-based Dermody Prope...
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• Advanced Real Estate Services Pays $265k per Unit for Santa Ana Res Community
12/11/20
Advanced Real Estate Services purchased Solare Apartments, a 240-unit multifamily asset in Santa Ana, for $63.75 mil, which works out to $265.6k per unit. The property, located at 2111 W 17th St, was sold by a private investo...
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• MG Properties Group Spends $191 Mil on WA Res Project
12/10/20
MG Properties Group has closed on a major, year-end multifamily buy in Washington, paying $191 mil for LIV Bel-Red Apartment Homes, a 451-unit ($423.5k/unit) res project in Bellevue. The asset was sold by Kennedy Wilson Fund ...
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• Cityview Locks in Financing for $125 Mil Mixed-Use Project Near USC
12/10/20
Cityview has secured funding for Adams & Grand, a $125 mil mixed-use project located in an opportunity zone near the University of Southern California (USC) in Los Angeles. Funded with capital from opportunity zone investors,...
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• Rexford Industrial Realty Wraps Up $129 Mil Inland Empire Portfolio Buy
12/10/20
Rexford Industrial Realty is closing out the year with yet another big, end-of-year SoCal portfolio buy. Just one day after we announced the firm’s $154.6 mil acquisition of the 18-building Van Nuys Airport Center portfolio, ...
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• Innovatus Capital Partners Buys WA Office Asset .
12/09/20
Innovatus Capital Partners LLC has acquired Overlake 520, an office campus comprised of two low-rise buildings encompassing more than 145.5k sf of space in Bellevue, WA. The property, located at 14335-14475 N.E. 24th St, was ...
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• Rexford Industrial Realty Completes $154 Mil San Fernando Valley Portfolio Buy
12/09/20
Rexford Industrial Realty Inc recently closed on a $154.6 mil industrial property portfolio acquisition. The off-market purchase was of Van Nuys Airport Industrial Center, an 18-building portfolio located in the central San F...
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• MBK Rental Living Completes 330-Unit Res Project in Menifee
12/09/20
MBK Rental Living has completed work on Artesa at Menifee Town Center, a 330-unit luxury apartment community located in the heart of a master-planned community in Menifee. The development, built by R.D. Olson Construction, wa...
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• Black Creek Group Buys 600k sf Facility in San Diego
12/08/20
Denver-based Black Creek Group purchased a 601.4k sf, multi-tenant industrial building in San Diego. The fully leased, Class A asset sits on more than 31 acres at 2020 Piper Ranch Rd in the Otay Mesa submarket, offering direc...
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