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• AZ Medical Office Building Fetches $380/sf
10/03/23
In a recent medical office trade in Arizona, Hammes Partners paid $23.3 mil for Ironwood Medical Pavilion II, an on-campus, 61.3k sf foot ($380/sf) medical office building in Queen Creek, AZ, within Phoenix’s Southeast Valley...
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• Vegas Area Office Building Lands New Owner in $21 Mil Trade
10/02/23
A 68.3k sf office building in the Summerlin neighborhood of Las Vegas traded hands in a recent $21.1 mil ($309/sf) transaction. The buyer was Tomchi Group LLC.
Located at 10750 W. Charleston Blvd, the two-story building, bui...
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• Meta Housing Completes 142-Unit Affordable Res Community in Santa Rosa
9/29/23
Stony Oaks Apartments, a new affordable housing community in Santa Rosa, CA, has been completed. The 142-unit project is a development of Meta Housing was built by R.D. Olson Construction. It will serve low-income families or...
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• CapRock Partners Buys 85 Acres in North Las Vegas for 1.48 msf Logistics Project
9/29/23
CapRock Partners acquired 85 acres of unimproved land in North Las Vegas for the future development of CapRock Highlander Logistics Center, a new Class A, LEED-certified logistics complex. The development will be comprised of...
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• Cascade Civil Development Buys 150 Acres of Development Land in Washington
9/28/23
A 150-acre industrial land development site in Longview, WA, near the Port of Longview, was acquired by Cascade Civil Development, an Oregon-based civil construction company specializing in habitat restoration, structural con...
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• The Mondivan Group Pays $633k/Unit for Seattle Res Community
9/28/23
The Mondivan Group, a Vancouver, British Columbia-based boutique real estate development company, purchased SOLIS, a multi-award-winning multifamily project, including NAIOP’s Multifamily Development of the Year in 2020, loca...
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• Wayne Ratkovich, Renowned Los Angeles Urban Developer, Passes Away at 82 Years Old
9/27/23
Wayne Ratkovich, a Los Angeles-based real estate developer who dedicated his career to improving the quality of urban life in his beloved Los Angeles, died on Sunday, September 24, 2023, at Cedars-Sinai Medical Center in Los ...
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• Rockefeller Group Picks Up 35 Acres in Thornton, CO for Industrial Project
9/27/23
Rockefeller Group has purchased a 35.6-acre parcel in Thornton, CO for the development of a three-building, 453.6k sf industrial park. The project – 25 Commerce Park - broke ground this week with completion expected in Q1 20...
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• Construction Underway on a 1 msf Mixed-Use Development in Los Angeles’ Arts District
9/27/23
Work has been started on a new mixed-use development totaling approximately 1 msf in the heart of Los Angeles’s Arts District. The project will be comprised of a 127.5k sf, six-story creative office and retail building alongs...
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• Martens Development Company Spends $19 Mil on 44 Acres in AZ for Industrial Development
9/26/23
Martens Development Company picked up a fully entitled 44-acre industrial development site in Mesa, AZ for $19.1 mil. The site, positioned at the southeast corner of Ellsworth Rd and Willis Rd.
Martens plans to build a new s...
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• Tricon Residential, Foremost Pacific Group and Woodbridge Pacific Group Finish 170-Unit Res Project in Wildomar
9/26/23
Tricon Residential, Foremost Pacific Group, and Woodbridge Pacific Group have completed Tricon Wildomar, a new built-to-rent community in Wildomar, CA featuring 170 modern Spanish-style townhomes.
Tricon Wildomar is the sec...
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• Phoenix Office Complex Bought by Presson Corp Entity in $72 Mil Transaction
9/22/23
An entity of Presson Corporation has purchased the two-building, 295k sf 3131 and 3133 Camelback office project in Phoenix for $72.1 mil ($244/sf). Located at the southwest corner of 32nd St and Camelback Rd, in the heart of ...
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• Archway Equities and Virtú Investments Wrap up $74 Mil Res Buy in San Jose
9/21/23
A joint venture of Archway Equities and Virtú Investments has acquired The James, a 190-unit, Class A Apartment Community in downtown San Jose, for $74.25 mil, or $391k/unit.
The James represents Archway’s second significant...
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• Perpetual Housing Fund of Utah and Rocky Mountain Homes Fund Buy Salt Lake City Office Tower
9/20/23
The Perpetual Housing Fund of Utah, in partnership with Rocky Mountain Homes Fund, purchased 515 Tower, a 171.2k sf office building at 515 East 100 South in Salt Lake City. The property was sold by Nearon Enterprises, a priva...
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• TruAmerica Multifamily Buys OC Multifamily Community in $103 Mil Deal
9/19/23
TruAmerica Multifamily purchased Nineteen01, a 264-unit apartment asset in Santa Ana, in a $102.9 mil ($390k/unit) transaction. The Class A property, which was acquired in partnership with PCCP LLC at a significant discount t...
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• Hawkeye INVSCO Buys 101k sf Colorado Retail Portfolio
9/19/23
Greenwood Village, CO-based Hawkeye INVSCO acquired a portfolio of three multi-tenant retail centers totaling 101.1k sf in Littleton (Denver), CO. The three properties -- Marketplace at Ken Caryl, Columbine Plaza, and Marina ...
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• San Marcos Industrial Property Trades in $12.5 Mil Deal
9/18/23
A 61.1k sf industrial complex in San Marcos was purchased by a private investor in a $12.5 mil ($205/sf) transaction. The asset sits on 3.29 acres at 1545-1565 La Mirada Drive in San Diego’s North County.
The property was so...
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• Historic I. Magnin & Company Department Store in Pasadena Transformed into a New Mixed-use Destination
9/15/23
The historic, 45k sf I. Magnin & Company building in Pasadena has been transformed into a highly anticipated mixed-use destination. After a decade of vacancy, the iconic 45k sf, multi-level former department store is now prep...
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• Mary Ricks to Retire as President of Kennedy Wilson after 33 Years with the Company
9/14/23
Mary Ricks has decided to retire as President of Kennedy Wilson and as Director on the company’s Board, after 33 years with company. Mary will serve as a consultant to Kennedy Wilson to aid in the transition.
Concurrently, f...
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• Cityview and Stockbridge Start Work on 265-Unit Res Project in L.A.’s South Bay
9/14/23
Construction is underway on Apollo, a 265-unit multifamily development in Los Angeles’ South Bay. Slated to complete in 2025, the LEED Silver, transit-oriented development is located in a high-growth area of the South Bay nea...
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