| 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...
| TruAmerica Completes $152 Mil Multifamily Buy in Las Vegas
In the largest single multifamily asset transaction in Nevada history, TruAmerica, in joint venture with an institutional capital partner, has acquired Allanza at the Lakes (Allanza), an 896-unit multifamily community in Las ...
| Passco Companies Buys 380-Unit TX Res Asset
Passco Companies has acquired Tribute at the Rim, a 380-unit, Class A+ luxury apartment community in San Antonio, TX. Constructed in 2017, Tribute at the Rim is located at 5810 Worth Pkwy.
Tribute at the Rim is also located ...
| Sudberry Properties Starts Construction on 409k sf Otay River Business Park
Sudberry Properties has commenced construction on Otay River Business Park, a 409.5k sf, industrial development on 50 acres less than a mile east of I-5 in Chula Vista. The mixed-use project will feature industrial, warehous...
| Capstone Partners Lands $154 Mil in Financing for WA TOD Development
Capstone Partners, LLC has secured joint venture equity and construction financing totaling $154.7 mil for the development of One Esterra Park, a transit-oriented, Class A office development located adjacent to Microsoft’s wo...
| Stos Partners Collects $33.5 Mil from Two SoCal Dispositions
Stos Partners has collected $33.5 mil from the sales of two SoCal assets totaling 221.4k sf of space. The dispositions were for a two-building, 170.8k sf industrial property in Chula Vista and a one-building, 50.6k sf office ...
| Raintree Partners Spends $79 Mil on Glendale Multifamily Portfolio
Raintree Partners has acquired a portfolio of seven multifamily properties totaling 231 units located in the Los Angeles submarket of Glendale for $79 mil, or $342k/unit. The acquisition is aligned with the firm’s investment ...
| The Community Development Trust and Southport Financial Services Team Up in $37 Mil Affordable Housing Venture in CA’s Central Valley
The Community Development Trust (“CDT”), which provides long-term debt and equity capital for the creation and preservation of affordable housing and charter school facilities, announced a new $37 mil joint venture with South...
| Harbor Freight Tools Leases 229k sf in Calabasas
Harbor Freight Tools USA Inc, a national tool retailer, has agreed to a 15-year lease for 229k sf of space at Corporate Center Calabasas. The space will serve as the company’s new corporate headquarters. We’ve been told that ...
| PCCP LLC Closes $96 Mil Portland Office Buy
PCCP LLC has acquired Park Square, a two-building, 296k sf office property located on the south end of the Portland Central Business District. The property traded for $96.5 mil, or $326/sf.
Park Square consists of two buil...
| Rexford Industrial Realty Spends $34.5 Mil on Two SoCal Assets
Rexford Industrial Realty recently acquired two SoCal industrial properties in deals totaling $34.5 mil. The acquisitions – in the City of Industry and Sun Valley - were funded using cash on hand.
In one of the purchases, Re...
| Swift Real Estate Partners Acquires 253k sf Oakland Office Tower with $93 Mil Loan
Swift Real Estate Partners recently acquired 1333 Broadway, a 253.4k sf, Class A office building in Oakland. The purchase was made with a $93 mil, floating-rate acquisition loan arranged by HFF and funded through an affiliate...
| Vestar and Oaktree Obtain $97 Mil in Refi Money on Salt Lake City Mixed-Use Center
A partnership between Vestar and funds managed by Oaktree Capital Management L.P. has obtained a refi loan of $96.9 mil for The Gateway, a 651.8k sf, mixed-use, upscale retail, office and entertainment complex in downtown Sal...
| Strategic Office Partners Purchases Conejo Valley Office Asset for $41 Mil
Strategic Office Partners has acquired Conejo Corporate Campus, a 196k sf office campus in Thousand Oaks, for $41.35 mil ($211/sf). The property, located at 2380 and 2400 Conejo Spectrum St, was sold by Harbor Associates and ...
| San Francisco Multifamily Property Trades in Transaction Worth over $300 Mil
Northwestern Mutual has purchased Jasper, a 319-unit, luxury high-rise apartment building in San Francisco, in a deal pros estimate came in around $306 mil ($959k/unit). The asset was acquired from Crescent Heights, free and ...