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• FPA Multifamily Acquires Ventura County Res Portfolio in $153 Mil Transaction
2/29/24
A two-property, 409-unit multifamily portfolio in Ventura County traded hands in a recent transaction worth $153 mil, or $374k/unit. The deal includes Oakview Apartment Homes, a 242-unit asset built in 1970 in Westlake Villa...
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• BKM Capital Partners Closes $70 Mil San Diego Area Industrial Buy
2/29/24
BKM Capital Partners (BKM) has acquired Canyon Industrial Center, a 198.7k sf multi-tenant industrial park in Kearny Mesa, for $70.2 mil ($353/sf).
Situated at 9424-9560 Chesapeake Dr, Canyon Industrial Center contains 13 b...
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• Alliance Residential Finishes Work on 264-Unit Res Development in Irvine
2/28/24
Broadstone Edition, a 264-unit res development in Irvine, has been completed. The project, developed by Alliance Residential and designed by KTGY, will offer a mix of market-rate and affordable residences.
Located at 1100 St...
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• Private Investor Picks Up Two Industrial Properties in the San Fernando Valley for Over $30 Mil
2/27/24
Palatine Capital Partners acquired two large multi-tenant industrial parks totaling 183.6k sf in the eastern San Fernando Valley in a $30.6 mil ($167/sf) transaction.
The purchase includes:
• 820 Thompson Ave in Glendale —...
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• Midway Breaks Ground on New 320k sf Office Tower at CITYCENTRE in Houston
2/26/24
Houston-based Midway has broken ground on CITYCENTRE Six, a 19-story, 320k sf Class A office tower in Houston. CITYCENTRE Six’s anchor tenant will be Dow, a global materials science company that leased roughly 200k sf of the ...
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• Kearny Real Estate Company to Develop 163k sf Logistics Project in Santa Ana
2/23/24
Kearny Real Estate Company has started demolition of two office buildings at 3100 and 3130 S. Harbor Blvd in Santa Ana, to enable the development of Harbor Logistics Center, a 163k sf, Class A warehouse and distribution compl...
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• Anaheim Multifamily Asset Trades for $79 Mil
2/23/24
Chateau de Ville, a 254-unit multifamily property in Anaheim, sold for $79.1 mil, or $311k/unit. The property is located at 2020 W. Alameda Ave, east of Brookhurst St on the southwest side of I-5.
Built in 1970 on nine acres...
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• G.W. Williams Co Picks Up 229k sf San Mateo Industrial Property in $38 Mil Transaction
2/22/24
Koll Cotton Center, a seven-building, 228.6k sf multi-tenant light industrial project in Phoenix’s Sky Harbor submarket, was acquired by San Mateo-based G.W. Williams Co in a $38 mil ($166/sf) transaction. The property was 98...
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• Murray Company Pays $19 Mil for OC Office Building in Owner/User Purchase
2/22/24
Murray Company purchased a 104.7k sf, Class A office property in the OC city of Cypress for $19 mil ($181/sf). Originally built in 1986, the property is located at 5995 Plaza Dr, north of Katella Ave and adjacent to the west ...
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• Dominium to Start Work on Two Affordable Housing Projects in Glendale
2/21/24
Dominium and its development partners are about to break ground on two affordable housing projects in Glendale. The developments - 67 Flats and Juniper Square – are situated on adjacent sites and will total 605 units.
The tw...
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• Supermicro Computers Spends $80 Mil on 20 Acres in San Jose
2/21/24
Supermicro Computers acquired a 19.7-acre, fully-entitled development site in San Jose in a recent $80 mil transaction. The property, located at 550 East Brokaw Rd, includes an existing 293.9k sf structure.
Previously occupi...
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• Brixton Capital Completes $124 Mil Multifamily Buy in Colorado
2/20/24
Brixton Capital purchased The Windsor, a 352-unit, two-story townhome and apartment community in Lakewood, CO, in a $124.25 mil ($353k/unit) transaction. The asset was sold by Boston, MA-based TA Realty. the deal was financed...
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• Iconic Theater Property in L.A.’s Westwood Village Trades
2/16/24
Here’s news of an interesting property trade we wanted to share, even though we don’t have that much info, although we do have this cool drone pic. The property is the iconic Fox Village Theatre, located at 945 Broxton Ave an...
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• Deacon Development is Wrapping Up Work on Three OR Multifamily Developments
2/16/24
Deacon Development is nearing completion on three new Portland and Salem, OR-area multifamily communities – Rivenwood, Merx and Paceline. The projects will add 352 res units to the greater Portland and Salem areas, filling a ...
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• Continental Realty Corporation Acquires 292k sf Retail Asset in Orange County
2/15/24
Continental Realty Corporation acquired The South Coast Collection (“SOCO,”) a 292k sf, urban-infill shopping center in Costa Mesa. The purchase was financed with an acquisition loan of $66 mil.
Situated in the center of Ora...
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• ColRich Multifamily Wraps Up 318-Unit Res Buy in Colorado
2/15/24
San Diego-based ColRich Multifamily acquired Belmar Villas, a 318-unit apartment community in Lakewood, CO. The property is located at 700 S. Reed Ct, east of Hwy 121 and south of Alameda Ave.
Built in 1970, Belmar Villas is...
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• Stockdale Capital Partners Spends $32 Mil on Phoenix Area Medical Property Portfolio
2/14/24
Stockdale Capital Partners purchased a strategically located outpatient medical building portfolio totaling 80.3k sf in a $32 mil transaction. The portfolio consists of three Banner Health Centers located in the high-growth, ...
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• Gelt Venture Partners Buys 252 Units in Denver for $68 Mil
2/14/24
Gelt Venture Partners LLC (GVP) has acquired Allure Apartments, a 252-unit apartment property in Denver, for $68.25 mil ($271k/unit). The property is located at 1300 S. Willow St, on the northeast side of Hwy 83.
Built in 2...
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• EastGroup Properties Inc Buys 230k sf Vegas Biz Park From CapRock and Ares Management Real Estate in a $55 Mil Deal
2/13/24
EastGroup Properties Inc closed on the acquisition of Spanish Ridge Industrial Park, a 230.9k sf multi-tenant industrial property in Las Vegas, in a $54.8 mil ($237/sf) transaction. The property, consisting of three state-of-...
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• Commercial Real Estate Financing Briefs
2/09/24
NORTHMARQ - David Gahagan, Chris Hammel and Chandler Kaye with Northmarq arranged an $82 mil refi loan on The Cartwright apartments in Irvine. Built in 2021, the multifamily property features 272 units located at 17600 Cartwr...
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