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• OC Office Building Trades in $43 Mil Deal
3/27/23
A 113.9k sf office building in Irvine traded hands in a recent $43.5 mil ($382/sf) transaction. The building, located at 16355 Laguna Canyon Rd, received multiple offers.
The three-story building sits on 6.61 acres at the so...
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• Aspen Hospitality Buys Partial Ownership of Hotel Born in Downtown Denver
3/24/23
Aspen Hospitality has acquired partial ownership of the Hotel Born in downtown Denver. Aspen, the hospitality division of Aspen Skiing Company and owners of The Little Nell and Limelight hotel brands, plans to convert the hot...
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• Two-Building AZ Industrial Project Sells for $40 Mil
3/23/23
Chandler Crossroads I & II, a Class A industrial project totaling 216.3k sf in Chandler, AZ, traded hands in a recent $40.15 mil transaction. Developed in 2016 and 2022, respectively, the Southeast Valley portfolio consists o...
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• Washington Food Processing Plant Sells for $19.5 Mil
3/22/23
No Meat Factory, a Canadian manufacturer of plant-based meat alternative products, purchased the 196k sf, Stanwood food processing plant in Stanwood, WA. The property was sold by Twin City Foods in a $19.5 mil transaction.
L...
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• BKM Capital Partners Completes Purchase of 740k sf Light Industrial Portfolio in Las Vegas.
3/22/23
BKM Capital Partners recently closed on the acquisition of a 740k sf, seven-property light industrial portfolio in Las Vegas, in a partnership with an alternative investment firm. The purchase consists of 21 buildings adjacen...
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• New Riverside Distribution Facility Leased to Logistics Plus Warehousing & Fulfillment
3/21/23
Construction has been completed on the second phase of Columbia Business Park, a 374k sf distribution facility that has been fully leased. The tenant, Logistics Plus Warehousing & Fulfillment Inc, a third-party logistics comp...
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• Sakioka Farms Pays Over $500/sf for Ontario Retail Center
3/21/23
Sakioka Farms purchased New Haven Marketplace, a newly constructed, 95k sf grocery-anchored shopping center located in Ontario, for $54.3 mil ($ 572/sf). The seller was Frontier Real Estate Investments.
New Haven Marketplace...
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• Commercial Real Estate Financing Briefs
3/20/23
TALONVEST CAPITAL -- Kim Bishop, Eric Snyder and Ivan Viramontes with Talonvest Capital arranged a $114 mil acquisition bridge loan secured by a storage portfolio consisting of 14 assets located in Utah and California. The in...
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• Balboa Retail Partners Goes Shopping in Hillsboro, OR
3/20/23
Balboa Retail Partners closed on a retail buy in Oregon, picking up The Streets of Tanasbourne, a 371.8k sf outdoor shopping mall located at 19350 NW Emma Way in Hillsboro. The price was not given out.
Currently 93% leased, ...
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• Ontario Retail Center Trades in $54 Mil Deal
3/17/23
New Haven Marketplace, a 95k sf, grocery-anchored shopping center in Ontario, traded for $54 mil ($568/sf). The property is located at 3420 E. Ontario Ranch Rd, west of I-15 and south of Hwy 60.
Built in 2020, New Haven Mark...
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• GPI Companies Set to Build 200-Unit Res Community in West Los Angeles
3/16/23
A GPI Companies affiliate has secured $84 mil in construction financing for Overland and Ayres, a 201-unit, multi-housing development in West Los Angeles. The project, located at 2455 Overland Ave, is scheduled for completion...
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• Bridge Industrial Has Nearly 4 msf of New Industrial Development Scheduled for Delivery in 2023
3/15/23
Bridge Industrial continues to be one of the most active industrial developers in California. The firm currently boasts a development pipeline in Southern California and the Bay Area of nearly 4 msf of state-of-the-art indust...
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• Work Starts on 380-Unit Colorado Res Community
3/14/23
Legacy Metro 525, a 380-residence, transit-oriented apartment community coming to Aurora, CO, has just broken ground. The project, a development of Legacy Partners and Griffin Capital Company LLC, is anticipated for completio...
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• Menifee Industrial Development Land Trades for $61 Mil
3/10/23
Patrinely Group acquired Scott Road Commerce Center’s Phase II, a large-scale, fully entitled (shovel-ready) 33.86-acre development site in Menifee entitled for 544.1k sf of Class A, industrial product. The property was sold ...
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• Shopoff Realty Investments Venture Acquires Former Nordstrom Site in the Bay Area
3/09/23
Shopoff Realty Investments, in a venture with Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC, has acquired the former Nordstrom department store property located at the Stoneridge Mall in the Ba...
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• Commercial Real Estate Financing Briefs
3/08/23
CBRE CAPITAL MARKETS -- Mark McGovern, Colby Matzke, Brian Cruz, Scott Lewis, Matt Ballard and Gaby Llanes with CBRE arranged a $19.1 mil, fixed-rate acquisition loan for 451 South Western Blvd in Denton, TX, which includes t...
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• New 82-Unit Affordable Housing Community in DTLA’s Skid Row Completed
3/07/23
LAMP Lodge, a new, 82-unit affordable housing community in Downtown Los Angeles’ Skid Row neighborhood, has officially opened to the public. The project, located at 656-660 Stanford Ave, will provide affordable and accessible...
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• Longfellow Real Estate Partners to Develop 315k sf Life Sciences Project in the Bay Area
3/06/23
Longfellow Real Estate Partners has obtained a $310 mil construction loan for the development of Avia Labs at Millbrae Station, a best-in-class life sciences development totaling 315k sf at the Bart and Caltrain station in t...
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• MIG Buys 157k sf Inland Empire Industrial Project
3/03/23
MIG purchased Gifford Business Park, a 156.7k sf, seven-building industrial business park in the Inland Empire submarket of San Bernardino, for $26 mil, or $166/sf. Located at 750-760 E. Central Ave and 765-791 S. Gifford Ave...
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• Hillwood Investment Properties and CBRE Investment Management are Buying 433 Acres in the Inland Empire for $544 Mil
3/02/23
Hillwood Investment Properties and CBRE Investment Management are acquiring 433 acres of land in Fontana for development of up to 6.6 msf of modern logistics facilities in the Inland Empire. The land, located at 9300 Cherry ...
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