| Westland Real Estate Group Acquires Over 1,100 Res Units in Las Vegas
California-based Westland Real Estate Group has purchased a two-property multifamily portfolio totaling 1,129 units in Las Vegas for $60.3 mil ($53.4k/unit) transaction. The properties are Liberty Village Apartments, located ...
| San Diego Industrial Portfolio Sells in $170 Mil Transaction
A portfolio totaling more than 1 msf of Class A, industrial assets in San Diego County sold for $170 mil in a recent transaction. The properties were sold by RAF Pacifica Group. The buyer was not named.
The portfolio consist...
| South Korean-Based Retailer Leases 52k sf at DTLA Mixed-Use Property for HQ and Store Space
PK Retail Holdings, a subsidiary of Emart and Shinsegae Group, has signed a 10-year lease for a new, 51.7k sf, mixed-use headquarters and retail complex at 712 South Olive St in downtown Los Angeles. The South Korea-based ret...
| Master-Planned, Mixed-Use AZ Development to Move Forward with $105 Mil in Financing
George Smith Parters (GSP) has arranged $105.5 mil in financing for a portion of The Watermark Tempe, a master-planned, mixed-use ground-up development situated on Tempe Town Lake in Tempe, AZ. The property, located at 430 No...
| AZ Multifamily Community Trades in $62 Mil Deal
The District at Mountain Vista, a 384-unit multifamily community in Mesa, AZ, was acquired by South 105th AZ Partners LLC, an entity formed by Atlanta-based Cortland Partners, in a $62 mil transaction. The asset ws sold by At...
| Harsch Investment Properties Buys 300k sf OR Retail Center
Harsch Investment Properties has purchased Gresham Station Shopping Center, a 297k sf, open-air retail center in Gresham, OR. The property is 86% leased to best-in-class tenants that include Best Buy, Bed, Bath & Beyond, Old ...
| EverWest Real Estate Investors Buys 287k sf WA Industrial Portfolio
EverWest Real Estate Investors, in partnership with a Colorado-based investment fund, has acquired a three-building, 286.5k sf industrial portfolio in Auburn, WA, just south of metro Seattle. The acquisition allowed the curre...
| The Irvine Company Buys 300k sf San Diego Office Complex
The Irvine Company has closed on a trophy-quality, San Diego office buy, acquiring Sunroad Corporate Center, a three-building 302.3k sf office property situated in the heart of the city’s University Town Center area. The asse...
| Fenway Capital Advisors Acquires 179k sf Office Building in Phoenix
Camelback Arboleda, a 178.8k sf, four-story office building in Phoenix’s prestigious Camelback Corridor, sold for $25.3 mil, or $141/sf. The asset, located at 1661 E Camelback Rd, was acquired by Solana Beach, CA-based Fenway...
| Bixby Land Company Spends $60 Mil on Industrial Assets in Phoenix and West Sacramento
Bixby Land Company recently acquired two Class A industrial properties totaling 723k sf for $60.5 mil ($84/sf). The properties are located in Phoenix, AZ and West Sacramento, CA.
In Phoenix, Bixby purchased a 335.5k sf, Clas...
| Angelo Gordon and Lincoln Property Company Buy 540k sf OC Office Portfolio
A joint venture of Angelo Gordon and Lincoln Property Company has acquired a four-property, 540k sf office portfolio in the southern OC cities of Newport Beach and Irvine. The asets were sold by Equity Office Management LLC, ...
| Black Creek Group Adding Eight Industrial Developments Totaling 3 msf to the Greater Bay Area
Denver-based Black Creek Group has eight industrial developments in the Greater Bay Area recently completed, currently underway or already entitled and scheduled to begin work by early next year.
Totaling approximately 3 mf,...
| Invesco Real Estate Completes 500k sf Inland Empire Industrial Buy
Invesco Real Estate purchased Meridian Distribution Center II, a 509.6k sf industrial facility in Riverside. The property was sold by Sun Life Assurance Company of Canada through its advisor Bentall Kennedy. The price was not...
| San Francisco Multifamily Portfolio Refinanced with $113.5 Mil Loan
Mosser Capital has obtained a $113.5 mil refi loan on a 12-property, 455-unit multi-housing portfolio in San Francisco. The financing was arranged by HFF.
The portfolio includes 13 ground-floor retail suites. The properties ...
| Mixed-Use Development in North Orange County Will Add New Retail and Over 200 Res Units
Brookfield Residential and Frontier Real Estate Investments have started construction of Lantana @Beach and The Village @Beach, a joint mixed-use development in north Orange County. The project – situated at Beach Blvd and Ga...
| Construction Started on 100k sf Life Science Building in San Diego’s UTC Submarket
Phase 3 Real Estate Partners has begun construction at 4224 Campus Point Court, a two-story, 102k sf building within GENESIS Campus Point. GENESIS Campus Point is a three-building, 314.1k sf life science campus in the UTC su...
| Conrad N. Hilton Foundation Spends $50 Mil on Dole Campus in Westlake Village
The Conrad N. Hilton Foundation paid $50 mil for the 168k sf ($298/sf) Dole corporate campus in Westlake Village in an off-market transaction.
The campus, situated on more than 10 acres at One Dole Dr, on the north side of t...
| Macerich and Simon to Develop 566k sf Outlets Center in Carson
Macerich and Simon have teamed up in a 50/50 joint venture to create Los Angeles Premium Outlets, a state-of-the-art, premium outlet center in the city of Carson. The two firms will co-develop and jointly lease LA's newest ou...
| Basin Street Properties Pays Over $44 Mil for 345k sf of Office Buildings in Sacramento
Point West, a Class A portfolio comprising three office buildings totaling 345.8k sf in Sacramento, was acquired for $44.6 mil ($129/sf) by Basin Street Properties. The buildings are located at 1545 River Park Drive, 1601 Res...
| CapRidge Partners Completes $40 Mil AZ Office Buy
CapRidge Partners, out of Austin, TX, has purchased Scottsdale Forum, a 213.5k sf office property in Scottsdale, AZ, for $40.75 mil, or $191/sf. Located at 6263 N. Scottsdale Rd, the property was sold by New York-based Clario...