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• Salt Lake City TOD Project Lands Preferred Equity Money
9/16/19
Salt Lake City-based Boulder Ventures Development Inc is closer to starting construction of Upper West, a 207-unit, Class-A, transit-oriented, multi-housing project in the suburban Salt Lake City community of West Jordan, UT....
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• Mixed-Use Project in Downtown Los Angeles is Completed
9/13/19
LA Plaza Village, a mixed-use development in downtown Los Angeles, has opened to the public. The project is a venture of Trammell Crow Company (TCC), its subsidiary High Street Residential, the Cesar Chavez Foundation and Pri...
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• Office Property in San Francisco’s Jackson Square Trades for $900/sf
9/13/19
Brick and Timber Collective LLC purchased 900 Kearny Street, a 30k sf, six-story office building in San Francisco, for $27 mil ($900/sf). The asset is 100% occupied by EastWest Bank, Bitmami, and Novani, among others.
Built...
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• Kennedy Wilson and Security Benefit Form Joint Venture
9/12/19
Kennedy Wilson and Security Benefit have teamed up in a new joint venture platform targeting stabilized, income producing, high-quality real estate investment opportunities in the Western United States. The venture is initial...
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• Rexford Industrial Realty Adds $27 Mil of SoCal Industrial Assets to Its Portfolio
9/12/19
Rexford Industrial Realty Inc has purchased two industrial properties in off-market transactions totaling $26.8 mil. The acquisitions were funded using cash-on-hand.
In one of the purchases, Rexford acquired 12200 Bellflower...
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• Stanton Road Capital Buys OC Office Tower
9/11/19
TriCentre, a 211.9k sf, office tower in the city of Orange, was acquired by Stanton Road Capital, a Los Angeles-based investment management firm. The price was not disclosed, although we’ve heard investor estimates of around ...
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• Rexford Industrial Realty Spends $110 Mil on Five SoCal Assets
9/10/19
Rexford Industrial Realty has acquired five SoCal industrial properties totaling 488k sf for a combined price of $110.3 mil and has also sold two properties for $12.8 mil. The acquisitions were funded using cash-on-hand as we...
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• Liberty National Corporation Acquires Additional Development Land in Downtown San Diego
9/09/19
Liberty National Corporation acquired 0.69 acres (30k sf) of land prominently located at the intersection of Park Blvd and Broadway in downtown San Diego’s East Village. The land was sold by the Salvation Army.
The site is ...
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• Inland Empire Senior Living Community Trades for $58 Mil
9/09/19
Altavita Village, a 589-unit senior living community in Riverside, was acquired by Senior Living Riverside LP, an affiliate of La Jolla-based Westmont Living, for $58 mil ($98.5k/unit). The asset, the third largest senor livi...
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• Vegas Retail Listing Expected to Fetch Around $60 Mil
9/06/19
Silver City Plaza, a 41.6k sf retail center located at the epicenter of more than $10 bil of development activity on the Las Vegas Strip, has been listed for sale. The fully leased asset features five tenants including: Ross ...
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• Mixed-Use / Res Project Started in Downtown Phoenix
9/06/19
High Street Residential, the residential subsidiary of Trammell Crow Company, and its joint venture partner, a fund sponsored by CBRE Global Investors, have commenced construction on the first phase of The Fillmore, a mixed-u...
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• LaSalle Investment Management Buys OC Medical Office Property
9/05/19
Newport Heights Medical Center (NHMC), a 60k sf medical office property in Newport Beach, was purchased by LaSalle Investment Management. Built in 2017, NHMC consists of two Class A buildings that are 100% occupied. The pric...
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• Vegas Industrial Properties Sold for $117 Mil
9/04/19
In major industrial investment news out of Las Vegas, 10 fully leased industrial buildings were sold by a private family trust for a total price of $117 mil. The buildings were acquired by Invesco Real Estate and TA Realty Ad...
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• Dalan Management Closes $37 Mil Inland Empire Res Buy
9/03/19
Dalan Management, a New York-based real estate investment and management firm, has acquired The Vue Apartment Homes, a 197-unit multifamily community in San Bernardino, for $37.4 mil ($190k/unit). The property was sold by FPA...
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• ConAm Group Spends $56 Mil on AZ Multifamily Community
9/03/19
ConAm Group purchased Trillium 44, a 297-unit, Class A multifamily community in Phoenix, for $56 mil ($189k/unit). The asset was sold by Trillium Residential.
Located at 111 N. Dupont Circle in central Phoenix, Trillium 44 i...
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• Oceanside Multifamily Asset Sells in $66 Mil Transaction
9/02/19
A joint venture between IDEAL Capital Group and Aegon Real Assets US closed on a major multifamily buy in Oceanside, paying $66.25 mil for Sunterra Apartments, a 240-unit ($276k/unit) asset located at 3851 Sherbourne Dr.
ID...
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• Class A Building in Calabasas Sells for $24 Mil
8/30/19
A 76.5k sf, Class A building in Calabasas, at the western end of the San Fernando Valley, was acquired for $24 mil ($314/sf) by an entity of Los Angeles real estate investor Paul Minoo’s 4M Investment Corp. It is situated at ...
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• Portland’s Iconic PACWEST Office Tower Undergoes Major Renovation
8/30/19
PACWEST, an iconic 550k sf, 30-story Class A office tower in the heart of Downtown Portland, has just undergone a major renovation. LPC Realty Advisors I, LP, an affiliate of Lincoln Property Company, acquired the property fo...
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• Tide Equities Has The Edge in the Phoenix Multifamily Market
8/29/19
Tides Equities LLC has acquired The Edge, a 380-unit multifamily community in Phoenix, for $57.3 mil ($151k/unit). The property, located at 15202 N. 40th St in North Phoenix, was sold by Baron Properties.
The Edge is compris...
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• Riverside Multifamily Community Purchased for $300k/Unit
8/28/19
Canyon Crest Views, a 178-unit multifamily property in Riverside, has traded hands in a recent $53.5 mil ($300k/unit) transaction. The 1980’s vintage asset boasts an excellent mix of predominantly two- and three-bedroom townh...
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