| Woodstock Development Buys Bay Area Office Asset
Woodstock Development has purchased One Bay Plaza, a nine-story, 196k sf Class A office building in Burlingame. The property is located at 1350 Bayshore Hwy, on 4.75 acres along the San Francisco Bay waterfront. Industry sour...
| Concord Pacific Spends $60 Mil on 40k sf Development Site in Downtown Seattle
Concord Pacific has purchased a 38.9k sf, half-block in downtown Seattle, adjacent to Amazon’s headquarters, for a mixed-use multifamily development. Concord Pacific, the largest master-planned urban community builder in Cana...
| Gindi Capital Pays $172 Mil for 9.5-Acre Site on the Las Vegas Strip
Gindi Capital has acquired a 9.5-acre property on the Las Vegas Strip for $172 mil. The site, is located at 3743-3759 Las Vegas Blvd, was sold by FX Luxury Las Vegas, an affiliate of Spectrum Group Management.
| Seagate Properties Pays Around $465/sf for Office Property in Sausalito
In a Bay Area office buy, Seagate Properties has acquired The Harbors, a recently renovated, 114k sf institutional-quality two-building office campus at 1 and 3 Harbor Drive in Sausalito. Although a price was not given out, i...
| Precision Screen & Security Buys 245k sf Industrial Property in Corona
Precision Screen & Security, a manufacturer of steel fencing and gates for commercial and residential properties, spent $26.5 mil for a 245k sf ($108/sf) industrial property in Corona.
The property, located at 2455 Wardlow R...
| Park City, Utah Resort Set to Break Ground after Securing $165 Mil in Financing
Mosaic Real Estate Credit has provided Columbus Pacific with $165 mil in construction financing for Pendry Park City, a resort project in the Canyons Village area of Park City, Utah. Mosaic’s financing consists of a three-yea...
| Stos Partners Completes Four SoCal Industrial Purchases for $25 Mil
Stos Partners has acquired four SoCal industrial properties encompassing 177.9k sf at a total cost of $25 mil. One of the properties is in Temecula while the other three are in San Diego.
In the Temecula deal, Stos Partners ...
| AZ Medical Office Property Picked Up By Out of State Investor
Spectrum Medical Commons, a 43.4k sf medical office building in Gilbert, AZ, traded hands between two Wisconsin-based real estate firms in a $17.75 mil ($409/sf) transaction. The Class A property, located at 3367 S. Mercy Rd,...
| RAF Pacifica Group Closes $20 Mil Office Buy in Carlsbad
RAF Pacifica Group has acquired a 121.5k sf office building in Carlsbad for $20.2 mil ($166/sf). The property, located at 1950 Camino Vida Roble, was sold by an institutional investor.
In addition to adding a new façade, RAF...
| AZ Creative Office Campus Sells for $46 Mil
In a recent AZ office buy, Strategic Office Properties, a wholly owned subsidiary of TPG Real Estate, purchased The Circuit, a 185k sf, adaptive re-use office project in Tempe, for $46 mil ($249/sf). The property is located a...
| Cerberus Capital and Hines Buy the Tallest Building in Texas
Cerberus Capital and Hines have teamed up to purchase JPMorgan Chase Tower, a 75-story, 1.6 msf skyscraper in Houston and the tallest building in Texas, in a deal said to be worth over $625 mil. The acquisition includes Chase...
| Commercial Real Estate Financing Briefs
NORTHMARQ CAPITAL - Michael T. Elmore with NorthMarq Capital secured $56 mil in refi money on Highland Pinetree Apartments, a 320-unit multifamily property located at 1501 South Highland Ave in Fullerton. The property is oper...
| Sudberry Properties Starts Work on Scripps Ranch Mixed-Use Redevelopment Project
Sudberry Properties has commenced construction on The Hub at Scripps Ranch, a mixed-use redevelopment project on 9.52 acres. The development is located at 9850 Carroll Canyon Rd, just east of I-15, at the gateway to Scripps R...
| Historic Apartment Property in West Hollywood Sells for over $17 Mil
Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood, for $17.275 mil, or $288k/unit.
“We continue to look for well-located assets with a ...
| Trio of Inland Empire Industrial Leases Total $56 Mil
We’ve got three recent Inland Empire industrial leases to report. The deals total 1.4 msf of space and have a combined value of $56 mil.
In the largest of the deals, Burlington Distribution of California will occupy a Prolo...
| The Bascom Group Teams Up with The Axton Group in $41 Mil CO Res Buy
The Bascom Group LLC have partnered with an affiliate of The Axton Group in the acquisition of Summer Grove Apartments and Tanglewood Apartment Homes, two adjacently located apartment communities in Colorado Springs, CO. The...
| Phoenix Office Campus Sells for $47.5 Mil
New York-based DRA Advisors LLC acquired Camelback Lakes, a 203.3k sf office property in Phoenix, for $47.5 mil ($234/sf). The four-building, multi-story complex is located at 2710, 2720, 2730, and 2850 E. Camelback Rd, in on...
| Sterling Organization Pays $27 Mil for San Diego Area Shopping Center
Sterling Organization has acquired Poway Crossings, a 109.5k sf community shopping center in San Diego County. The property was purchased from Greenstreet Partners on behalf of Sterling Organization’s latest institutional Val...
| San Diego Area Industrial Complex Trades in $25 Mil Deal
Chula Vista Industrial Center, a two-building 158.1k sf Class A industrial property in Chula Vista, was acquired for $25.7 mil ($163/sf) by a partnership of New York-based KKR and Chicago-based Alpha Industrial Properties (AI...
| Phoenix Multifamily Property Sells for Over $40 Mil
Arcadia 4127, a 258-unit fully renovated, garden-style community in Phoenix, sold for $40.35 mil, or $156.4k/unit. The property is located at 4127 E. Indian School Rd, east of Hwy 51.
The community offers a mix of one- and t...