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• Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22
L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
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• New 97-Unit Res Community Completed in Hayward
9/29/22
Construction has finished at Legacy at Hayward, a four-story, 97-unit luxury apartment community in Hayward. The project, a development of Legacy Partners and Corebridge Real Estate Investors, is located in the hills at 28168...
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• The University of California Los Angeles to Acquire Former Marymount California University Campus in $80 Mil Deal
9/29/22
The University of California Los Angeles (UCLA) is acquiring the former Marymount California University (MCU) campus in Southern California in an effort to educate more students, as mandated by the University of California Bo...
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• Glendale Office to Res Tower Conversion Completed
9/29/22
Arista Glendale Phase I, an eight-story luxury multifamily rental high-rise with 53 apartment homes in Glendale, has been completed and is set to open to the public. The project, located at 520 N. Central Ave, is a conversion...
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• Hyatt Place Los Angeles / LAX / El Segundo Hotel Sells for $49 Mil
9/28/22
Hyatt Place Los Angeles / LAX / El Segundo, a 143-key, select-service hotel in El Segundo, traded in a recent transaction with a $49 mil ($342.7k/room) price tag. The buyer was El Segundo-based Welcome Group Inc.
Located at ...
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• IDS Real Estate Group Acquires 1.17 msf Cold Storage Facility in Riverside
9/27/22
IDS Real Estate Group has obtained $124 mil in post-close acquisition financing for 14950 Meridian Parkway, a 1.17 msf cold storage facility the firm purchased in Riverside.
The property is 100% leased to United Natural Food...
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• 300-Unit Res Asset in Reno Acquired by LDK Ventures
9/26/22
LDK Ventures acquired Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, NV. Located at 875 Damonte Ranch Pkwy, the property is approximately 75% complete, with f...
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• TA Realty Spends $90 Mil on Bay Area Biz Park
9/23/22
TA Realty has purchased Green Valley Corporate Park, three newly completed, Class A industrial buildings totaling 415.1k sf of space in Fairfield, CA. The properties were sold by Panattoni for $90.5 mil ($218/sf).
Green V...
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• Hines and USAA Real Estate Break Ground on 200-Acre TOD Project in Mission Valley
9/23/22
Hines and USAA Real Estate have begun construction on phase one of Riverwalk San Diego, a 200-acre transit-oriented development in western Mission Valley. Riverwalk San Diego will transform the existing Riverwalk golf course ...
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• AZ Multifamily Community Trades in $68 Mil Deal
9/22/22
Ponderosa Ranch, a 272-unit, value-add multifamily community in Tempe, AZ, traded to a new owner in a $68.5 mil ($251.8k/unit) transaction. The asset was sold by KKR.
Ponderosa Ranch is a 272-unit, garden-style multifamily c...
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• Kingsbarn Realty Capital Spends $114 Mil on Nevada Office Portfolio
9/22/22
Kingsbarn Realty Capital acquired Green Valley Corporate Center, a six-building office portfolio totaling 347k sf in Henderson, NV, for $114.5 mil, or $330/sf. The properties were sold by from JMA Ventures LLC and Blue Vista ...
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• Phoenix Office Building Traded in $61 Mil Deal
9/21/22
Bridge Investment Group closed on a Phoenix office buy, paying $61.8 mil for Camelback Center, a Class A, multi-tenant office building totaling 236.6k sf ($261/sf) of space. The property was sold by Nuveen Real Estate.
Camel...
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• Contour Venture Secures $99 Mil to Start Work on 829k sf AZ industrial Development
9/20/22
A Contour-led venture has obtained $99 mil in construction money for Phase I development of Sossaman Park 202, a five-building industrial development totaling 828.7k sf in Mesa, AZ.
Once completed, the project will include...
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• Continental Realty Assets Ltd and MLG Capital Buy 112-Unit Res Property in Colorado
9/19/22
Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. ("CRA"), a Denver-based multifamily owner and operator, in partnership with Milwaukee-based MLG Capital, is pleased to announce the purchase of ...
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• University of Washington is Looking for a Student Housing Developer/Operator to Manage Four-Property Portfolio
9/19/22
The University of Washington (UW) has issued a request for qualifications for a student housing developer and operator of a rare four-property university housing and development site portfolio in Seattle. The portfolio includ...
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• Legacy Partners and Pacific Life to Start Work on 236-Unit Denver Multifamily Development
9/16/22
Legacy Partners and Pacific Life have broken ground on Araceli, a 236-unit, Class A, NGBS Green-Certified Gold high-rise in Denver. The project was designed by KTGY with Catamount Constructors as the general contractor.
The ...
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• Sares Regis Group and Caltrain Land Approval for 191-Unit Res Development at the Hayward Park Train Station
9/16/22
In a public/private partnership, Sares Regis Group of Northern California (SRGNC) and Caltrain have gained approval from the San Mateo Planning Commission for a new apartment community called Hayward Park Transit Oriented Dev...
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• Phoenix Area Office Property Sells for $53 Mil
9/15/22
In a recent AZ office trade, West Valley Properties Inc acquired The Reserve at San Tan, a 149.3k sf, trophy-quality building in Gilbert, for $53.1 mil ($355.50/sf). Built in 2020, the property sits on a 12.78-acre site at 35...
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• Annual CREF Conference in Las Vegas is a Major Draw for CRE Pros
9/15/22
By Steve Bloom
Against the murky backdrop of rising interest rates and perhaps a recession, about 850 commercial mortgage bankers and brokers descended upon Aria Resort & Casino in Las Vegas Sept 7 through 9th for the 25th...
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• Hollywood Land Assemblage Acquired by CMNTY Culture for 500k sf Creative Office and Studio Development
9/14/22
CMNTY Culture has acquired a land assemblage situated at the northeast corner of the intersection of Sunset Blvd and Highland Ave in Hollywood. CMNTY Culture is made up of seasoned entertainment, finance, and real estate prof...
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