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• Lake Elsinore Multifamily Property Traded in $64 Mil Deal
9/07/22
An entity of Atlantic Pacific Companies paid $64.5 mil for River’s Edge Apartments, a 184-unit ($350.5k/unit) multifamily property in Lake Elsinore, CA. Built in 2007, the property is located at 2088 East Lakeshore Dr, on the...
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• Community Preservation Partners Acquires Multifamily Communities in CA, NM and AZ
9/06/22
Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona.
One of the properties is Park Villa apartments in El Cajon, CA. The property is compris...
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• The Swig Company Buys Santa Monica Office Property
9/02/22
The Swig Company purchased a 96k sf office property in Santa Monica. The trade also includes a surface parking lot approximately one block away from the property.
3130 Wilshire has five levels of attached, secured parking a...
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• Molto Properties Breaks Ground on 600k sf Logistics Project in Central Texas
9/02/22
Molto Properties broke ground on its first real estate development in Central Texas. Blue Springs Business Park is a state-of-the-art logistics center totaling 604k sf of distribution buildings located less than 1/2 mile from...
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• Trion Properties and Tokyu Land US Corporation Wrap Up $99 Mil Recapitalization of Portland Multifamily Portfolio
9/01/22
Trion Properties has recapitalized a multifamily portfolio in the Portland greater metropolitan area in partnership with Tokyu Land US Corporation (“TLUS”). Assembled between 2018 and 2019, the portfolio consists of two multi...
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• Activity Update from 1,700-Acre Utah Biz Campus
8/31/22
Here’s an activity update about Lakeview Business Park, a brand new, 1,700-acre state-of-the-art warehouse, manufacturing, office and commercial project in Grantsville, UT that is owned by The Romney Group. Situated on more t...
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• Dollinger Properties Lands $97 Mil in Take-Out Financing on New Silicon Valley Office Building
8/31/22
Dollinger Properties has locked $97 mil of new permanent financing to retire construction debt for a 152k sf, four-story, LEED Gold certified office building in Sunnyvale’s Peery Park office district. The non-recourse, balanc...
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• Nolan Bushnell to Keynote California MBA’s 2022 Western States CREF Conference Sep 7- 9 in Las Vegas
8/30/22
California MBA is holding its 2022 Western States CREF Conference on Sep 7 through Sep 9 at the Aria Resort & Casino in Las Vegas. This three-day conference is packed with highly valuable networking and educational opportunit...
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• SummerHill Apartment Communities Wraps Up Work on New Multifamily Project in South San Francisco
8/30/22
Nine88, a new mixed-use, multifamily community situated in the heart of South San Francisco, has been completed and has officially opened its doors to the public. The 172-unit project, a development of SummerHill Apartment Co...
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• BentallGreenOak Spends Over $109 Mil for AZ Distribution Facility
8/29/22
BentallGreenOak purchased a fully leased 730.8k sf Class A big-box distribution building on over 46 acres in Goodyear, AZ for $109.2 mil ($149/sf). Newly constructed in the first quarter of 2022, the property referred to as L...
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• Washington Multifamily Property Traded for $299k/Unit
8/26/22
Insignia Apartments, a 162-unit residential community in Bremerton, WA, sold for $48.5 mil, or $299.4k/unit. The seller was Security Properties.
Built in 2017, Insignia Apartments is a garden-style multifamily community with...
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• Olympus Real Estate Group Buys Murrieta Hot Springs Property for $50 Mil
8/25/22
The historic Murrieta Hot Springs has been purchased for $50 mil by Olympus Real Estate Group, a real estate investment and development firm, with plans to renovate and preserve the 46-acre property as a hot springs wellness ...
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• Sares Regis Group Closes on 386-Unit Multifamily Purchase in the Denver Area
8/24/22
Sares Regis Group has acquired Terracina Apartments, a 386-unit multifamily property in Broomfield, CO. The firm has obtained $139.9 mil in first mortgage money from Mesa West Capital for the acquisition and repositioning of ...
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• Multifamily Community in Surprise, AZ Sells for $85 Mil
8/23/22
Villas at Mountain Vista Ranch, a 256-unit, value-add multifamily community in the Phoenix suburb of Surprise, was sold in a deal worth $85 mil, or $332k/unit.
Built in 2003, Villas at Mountain Vista Ranch is a garden-style...
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• Avanath Capital Management Closes $220 Mil L.A. Apartment Buy
8/22/22
Irvine-based Avanath Capital Management closed on a large L.A.-area multifamily acquisition, paying $220 mil for the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas. At 669 units, we’re told that t...
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• Interstate Equities Corporation Buys 164-Unit Multifamily Property in Oxnard
8/22/22
Interstate Equities Corporation has purchased The Vines at Riverpark, a 164-unit, two-story, attached townhome community in Oxnard. Located at 3040 North Oxnard Blvd, the property is part of Riverpark, a new, 700-acre, master...
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• Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
8/19/22
Aug 19 Four-Building Office Complex in the Sacramento Area Trades for $49.3 Mil
Venture between ProEquity Asset Management Corporation and Solaris Capital buys 245k sf asset in sale/leaseback deal with Blue Shield of Californ...
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• Avison Young to Acquire CRE Industry Service Lines from Madison Marquette
8/19/22
Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young bran...
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• LPC Desert West Buys 86 Acres in North Las Vegas for Industrial Development
8/19/22
LPC Desert West, the Southwest division of Dallas-based Lincoln Property Company, has completed an 86-acre land acquisition in North Las Vegas for the development of Windsor Commerce Park. At eight buildings and almost 1.6 ms...
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• Legacy Partners CEO W. Dean Henry Passes Away
8/18/22
Legacy Partners CEO W. Dean Henry passed away unexpectedly on August 8th. Henry had been Chief Executive Officer at Legacy Partners since 2012. Guy Hays, Legacy’s President, will now succeed him in the role of CEO while reta...
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