| North American Development Group Spends $84 Mil on AZ Retail Center
North American Development Group has acquired Tucson Spectrum, a 716.7k sf, Class A, market-leading, grocery-anchored retail center situated in an infill location in Tucson, AZ. The property was sold by Retail Value Inc for $...
| Rockefeller Group Picks Up 7.8 Acres of Development Land in Otay Mesa
Rockefeller Group has purchased a 7.81-acre improved land parcel in Otay Mesa on which the company intends to develop a 138.5k sf distribution center to be called Airway Industrial Park. The site is zoned for industrial use a...
| Rexford Industrial Realty Completes $200 Mil SoCal Portfolio Buy
Rexford Industrial Realty has purchased a ten-building, SoCal industrial property portfolio for $203.2 mil, including assumed debt. The portfolio consists of three single-tenant and seven multi-tenant industrial properties co...
| Vista Investment Group and Tokyu Land US Corporation Close $91 Mil Bay Area Res Buy
Northridge Apartments, a 221-unit garden-style apartment community in the San Francisco East Bay submarket of Pleasant Hill, was acquired by a venture between Vista Investment Group and Tokyu Land US Corporation for $91 mil, ...
| Urban Offerings and Meridian Group to Build 74k sf Creative Office Project at Edge of Culver City
Urban Offerings and Meridian Group are readying to move forward with development of a 74k sf, mixed-use creative office building in West Los Angeles. The venture has obtained $59.3 mil in non-recourse construction financing a...
| Westcore Properties Raises $150 Mil Equity Facility
San Diego-based Westcore Properties has raised $150 mil in equity money through an institutional investor. Westcore, an industrial real estate firm, will use the facility along with third party debt to increase their buying c...
| Arizona Multifamily Property Trades in $54 Mil Transaction
TruAmerica Acquisitions III LLC purchased Mission Springs Apartments, a 306-unit multifamily asset in Tempe, AZ, for $54.1 mil ($177k/unit). The 216.2k sf property is located at 1311 W. Baseline Rd, at the convergence of the ...
| Mixed-Use Development in Westminster’s Little Saigon District Breaks Ground
Work is underway on Bolsa Row, a mixed-use development in the heart of Westminster’s Little Saigon District. Situated on a six-acre lot, the project will include a 225k sf apartment complex, retail space, a five-story, full-s...
| Community Preservation Partners (CPP) and Jonathan Rose Companies Acquire 180-Unit Affordable Housing Community in Torrance
In a joint venture totaling $105 mil, Community Preservation Partners (CPP) and Jonathan Rose Companies have acquired the 180-unit Golden West Tower Apartments in Torrance. The partnership is planning more than $10 mil in ren...
| Prime US REIT Pays $165 Mil for Sacramento Office Tower
Prime US REIT has purchased Park Tower, a 489.2k sf, Class A office building in downtown Sacramento, for $165.5 mil, or $338/sf. Prime, which trades on the Singapore Exchange Securities Trading, was assisted in the transactio...
| Soma Capital Partners and Timbercreek Asset Management Buy 369k sf Office/R&D Campus in Milpitas for $130 Mil
Soma Capital Partners, in a joint venture with Timbercreek Asset Management, has purchased Murphy Crossing, a five-building, 368.5k sf office and Research and Development campus in Milpitas, for $130 mil ($353/sf). The transa...
| 734k sf of Camarillo Industrial Space Goes for $88 Mil
Two free-standing industrial buildings totaling 733.8k sf of space in Camarillo sold for a combined price of $88 mil ($120/sf). The facilities were sold by STAG Industrial Inc, who acquired them in 2014 for $54.5 mil.
| Las Vegas Res Property Trades for $52 Mil
Inspirado Apartments, a 252-unit multifamily asset in Las Vegas, was purchased by NNC Apartment Ventures LLC in a transaction valued at $52.2 mil, or $207k/unit. The 247k sf property, located at 6885 W. Lone Mountain Rd, was ...
| PRP-Led Venture Pays $145 Mil for TX Office Complex
PRP, in a venture with Kuwait Finance House Capital and GMF Capital, recently acquired the 3M Office and Lab Campus, a 335.8k sf, two-building complex located in the Northeast submarket of Austin, TX. The properties were sold...
| Hines and Oaktree Capital Management Entity Acquire 445k sf Silicon Valley Office Complex
A venture between Hines and a subsidiary of real estate funds managed by Oaktree Capital Management L.P. has acquired Santa Clara Towers, a 445k sf property comprised of twin 11-story, Class A office towers in Santa Clara, fo...
| Cardinal Health’s 1 msf State-of-the-Art Inland Empire Distribution Center Trades Hands
A 1 msf warehouse and distribution facility at 6275 Lance Dr in Riverside was purchased by an unnamed institutional buyer. The asset, located within the 920-acre Sycamore Canyon Business Park, was sold by Dedeaux Properties,...
| CBRE Global Investors Fund Buys Industrial Asset in the Inland Empire
A fully leased, 143.3k sf distribution facility in San Bernardino was acquired a fund sponsored by CBRE Global Investors. The last-mile building, located at 945 South Sunnyside Ave, is leased to FedEx.
The facility, known as...
| Davis Res Property Trades for $42 Mil
Cambridge House, a 140-unit community in Davis, CA, sold for $42 mil, or $300k per unit. The property is located at 619 Pole Line Rd, about 15 miles west of downtown Sacramento.
Built on 3.92-acre site, Cambridge House boast...
| Santa Fe Springs Retail Center Trades for $32 Mil
Santa Fe Springs Promenade, a 111.9k sf shopping center in Santa Fe Springs, has sold for $31.9 mil, or $285/sf. Located at 11452-11568 Telegraph Rd, east of the 605 Fwy, the property was acquired by a local family investor.
| Cushman & Wakefield Awarded Office Leasing Assignment for Sacramento Mega-Development
LDK Ventures has retained Cushman & Wakefield to provide office leasing services for The Railyards, a prominent new mixed-use development project located along the Sacramento Riverfront in Downtown Sacramento. The mega projec...