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• Real Estate Development Associates LLC and Clarion Partners-Led Fund Land $210 Mil in Construction Money for Ontario Industrial Development
6/22/22
A joint venture between Newport Beach-based Real Estate Development Associates LLC and an industrial fund managed by Clarion Partners LLC has obtained $210 mil in construction financing for the development of the first phase ...
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• Company 3 Inks Lease for 70k sf in Hollywood
6/22/22
Company 3 has signed a 70.3k sf lease at Harlow, a four-story, 130k sf creative office building in Hollywood. Terms of the deal were not disclosed.
Company 3 is a global leader in post-production servicing its clients in col...
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• Blatteis & Schnur Venture Pays Over $1,800/sf for Tiffany & Co-Anchored Retail Property in Pasadena
6/21/22
A joint venture of Los Angeles-based Blatteis & Schnur and Hayward-based The Felson Companies has acquired the high street Tiffany and Shops, a 28.4k sf Tiffany & Co, Crate & Barrel and House of Hoops (Foot Locker)-anchored s...
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• Iconic 1960s Property in Scottsdale Undergoing a Major Redevelopment
6/21/22
The redevelopment of the iconic mixed-use Papago Plaza, recognizable to many long-time area residents for its Pueblo-style design dating to the 1960s, is taking shape as the area’s demographics are growing and the plaza gener...
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• Cortland Pays $74.75 Mil for 202-Unit Res Property in Scottsdale, AZ
6/20/22
Atlanta-based Cortland paid $74.75 mil for Centerra, a renovated 202-unit ($370k/unit) apartment community in Scottsdale, AZ. Built in 1986, the property was sold by a partnership between Edgehill and The Tanbic Company.
Cen...
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• Historic Ford Point R&D Campus in Richmond Sells in $104 Mil Deal
6/17/22
Ford Point, a historic 478.8k sf, high-end creative R&D asset in Richmond, CA, was acquired by New York-based Madison Capital and Meadow Partners in a $103.7 mil ($217/sf) transaction. The landmark waterfront property was sol...
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• ColRich Acquires 177-Unit Multifamily Property in Kent, WA
6/17/22
ColRich has purchased CityZen Commons, a 177-unit multifamily property in Kent, WA, for $52 mil, or $294k/unit. The asset was sold by The Jacobson Company, who had acquired the property for $28.1 mil in 2018.
Built in 1980,...
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• Landmark Properties Buys Two Parcels in Seattle’s University District
6/16/22
Two parcels totaling 15.2k sf in Seattle’s University District were purchased by Landmark Properties. The land is located next to the recently opened U-District light rail station and is entitled for a 24-story, 237-unit mult...
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• ZMR Capital Closes $38.5 Mil Multifamily Buy in Las Vegas
6/16/22
ZMR Capital has acquired Sunridge, a 216-unit multifamily community in Las Vegas, for $38.5 mil ($178k/unit) in an off-market transaction. The deal marks the Florida-based multifamily investment firm’s entry into the Southern...
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• Security Properties Lands $180 Mil in Equity and Construction Money for Seattle Mixed-Use Tower
6/15/22
Security Properties Inc has obtained a $65.16 mil joint venture equity investment and $115.25 mil of construction financing for The Confidential, a trophy mixed-use development located in Seattle’s Belltown submarket. The joi...
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• RREAF Communities Picks Up Over 3,000 Acres in Texas for Master-Planned Community
6/15/22
RREAF Communities, a division of Dallas-based RREAF Holdings has purchased 3,173 acres of land located at the intersection of State Highways 130 and 80 in Caldwell County, between San Antonio and Austin, TX. The land will be ...
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• Greenlaw Partners and Mirae Asset Global Investments Team Up in $188 Mil Salt Lake City Industrial Buy
6/13/22
A joint venture between Greenlaw Partners and Mirae Asset Global Investments acquired a Class A industrial portfolio comprising two newly constructed Class A industrial/logistics buildings totaling 347.3k sf in Salt Lake City...
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• Commonwealth Partners Acquires 719k sf Silicon Valley Office Campus
6/13/22
Commonwealth Partners purchased a four-building, 719k sf office campus in Sunnyvale’s Moffett Park neighborhood in a deal valued said to be worth over $700 mil. The campus, fully leased to Meta, was sold by Tishman Speyer.
T...
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• Interwest Capital Group Spends $45 Mil on 142-Unit Inland Empire Res Community
6/13/22
San Diego-based Interwest Capital Group paid $45.6 mil for ReNew Mills, a 1980’s built 142-unit multifamily community in Ontario. Located at 551 East Riverside Dr, adjacent to the Ontario Ranch master-planned community, the p...
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• TruAmerica Multifamily Buys 164-Unit Phoenix Apartment Property in $45 Mil Deal
6/10/22
TruAmerica Multifamily has acquired Rise on Peoria, a 164-unit garden-style apartment community in Phoenix, for $45.4 mil ($277k/unit). The property offers a compelling value-add opportunity with 130 of the apartment homes av...
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• Washington Office Building Trades for $93.5 Mil
6/09/22
A 160.5k sf office building in Federal Way, WA was sold by DaVita Inc, a global healthcare provider, which executed a long-term net lease for the entire facility at the time of sale. The property, 3201 South 323rd St, was acq...
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• SB Real Estate Partners Acquires 387-Unit Res Rental Community in Phoenix
6/08/22
SB Real Estate Partners (“SBREP”) has acquired Azura Apartments, a 387-unit garden style multifamily community in Phoenix, for $91 mil ($235k/unit). The property will be rebranded as Portola North Phoenix.
Built in 1980, the...
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• Work Started on 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
6/08/22
The Mission Rock Partners development team, a collaboration of the San Francisco Giants and Tishman Speyer, have begun construction on Parcel F, a 23-story multi-family residential tower in San Francisco’s Mission Rock neighb...
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• Local Developer Spends $46.5 Mil on Adjacent Development Parcels in L.A. and West Hollywood
6/08/22
A private local developer spent $46.5 mil for two parcels totaling 1.6 acres in the Greater L.A. area. The adjacent parcels are located at 1000 N. La Brea within the city of West Hollywood’s boundaries and at 1011 N. Sycamore...
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• Bay Area Peninsula Mixed-Use Project Nearing Completion
6/07/22
Gateway at Millbrae Station, a mixed-use, neighborhood center located at the steps of the Millbrae BART and Caltrain stations in the Bay Area, is nearing completion. The project, a development of Republic Urban Properties an...
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