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• TruAmerica Multifamily Buys 164-Unit Phoenix Apartment Property in $45 Mil Deal
6/10/22
TruAmerica Multifamily has acquired Rise on Peoria, a 164-unit garden-style apartment community in Phoenix, for $45.4 mil ($277k/unit). The property offers a compelling value-add opportunity with 130 of the apartment homes av...
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• Washington Office Building Trades for $93.5 Mil
6/09/22
A 160.5k sf office building in Federal Way, WA was sold by DaVita Inc, a global healthcare provider, which executed a long-term net lease for the entire facility at the time of sale. The property, 3201 South 323rd St, was acq...
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• SB Real Estate Partners Acquires 387-Unit Res Rental Community in Phoenix
6/08/22
SB Real Estate Partners (“SBREP”) has acquired Azura Apartments, a 387-unit garden style multifamily community in Phoenix, for $91 mil ($235k/unit). The property will be rebranded as Portola North Phoenix.
Built in 1980, the...
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• Work Started on 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
6/08/22
The Mission Rock Partners development team, a collaboration of the San Francisco Giants and Tishman Speyer, have begun construction on Parcel F, a 23-story multi-family residential tower in San Francisco’s Mission Rock neighb...
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• Local Developer Spends $46.5 Mil on Adjacent Development Parcels in L.A. and West Hollywood
6/08/22
A private local developer spent $46.5 mil for two parcels totaling 1.6 acres in the Greater L.A. area. The adjacent parcels are located at 1000 N. La Brea within the city of West Hollywood’s boundaries and at 1011 N. Sycamore...
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• Bay Area Peninsula Mixed-Use Project Nearing Completion
6/07/22
Gateway at Millbrae Station, a mixed-use, neighborhood center located at the steps of the Millbrae BART and Caltrain stations in the Bay Area, is nearing completion. The project, a development of Republic Urban Properties an...
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• Urban Land Development Starting Construction on Boutique Office Project in San Francisco
6/06/22
Demolition is underway for construction of 531 Bryant, the first ground-up boutique office development in the South Park neighborhood of San Francisco’s Central SoMa. The building, a development of Urban Land Development (ULD...
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• Grosvenor Buys Development Site in Oakland
6/03/22
Grosvenor has acquired two parcels totaling 39.5k sf of space in Oakland for new development. The fully entitled land, located at 2600 Telegraph Ave, will be used for construction od 225 rental homes and 6k sf of retail, with...
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• Laguna Point Properties Picks Up Largest Res Community in Vegas for $126 Mil
6/02/22
Laguna Point Properties has acquired The Harmon at 370, the largest a 996-unit multifamily community in Las Vegas, in an off-market transaction valued at $126 mil ($126.5k/unit). The seller was 3D Investments. We’re told thi...
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• DB Capital Management Closes 142-Unit Res Purchase in the Denver Area
5/31/22
DB Capital Management has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 mil, or $267.6k/unit.
Built in 1979, Cleo features large one- and two-bedroom floor plans on a low...
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• Silicon Valley Office Asset Sells for Over $1,100/sf
5/27/22
In a Silicon valley office trade, 250 Cambridge, a three-story, 34.6k sf transit-oriented office building in Palo Alto, sold for $39.3 mil, or $1,136/sf. The property includes a 29-stall on-site parking garage. Current owners...
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• MG Properties Buys 300-Unit Apartment Property in Carson
5/27/22
MG Properties has purchased Evolve South Bay, a recently constructed, 300-unit Class A apartment community in Carson. The asset was sold by MBK Rental Living.
Opened in September 2020, the 11.9-acre luxury apartment communit...
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• Standard Communities Closes $130 Mil SoCal Multifamily Buy
5/26/22
In a large SoCal Multifamily buy, Standard Communities has purchased Jefferson SoLA, a newly built, 244-unit luxury complex in the city of South Gate, for $130 mil, or about $532.8k/unit. Located at 10930 Garfield Ave, the pr...
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• Spec Creative Office Development Planned for L.A.’s Arts District
5/26/22
L.A.-based Legendary Group is planning to build a 350k sf, speculative ground-up creative office project in Los Angeles’ Arts District, a neighborhood continuing its transformation into a true live/work/play community through...
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• Westbank, Urban Community, Peterson and OPTrust Raising $1.5 Bil for Largescale, Net-Zero Initiative in San Jose
5/25/22
A venture comprised of Westbank, Urban Community, Peterson and OPTrust is looking to raise a capital stack of up to $1.5 bil for a largescale, net-zero initiative in San José. The partnership has enlisted a Cushman & Wakefiel...
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• MBK Rental Living and Haseko Corporation Acquire 19 Acres in the Bay Area for Residential Rental Development
5/25/22
MBK Rental Living has purchased a 19.5-acre site in Morgan Hill for development of a 389-unit, Class A for-lease residential community named Vida at Morgan Hill. MBK partnered with Haseko Corporation in what marks the two fir...
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• BD Leases 240k sf at Silicon Valley Office/R&D Campus
5/24/22
BD (Becton, Dickinson and Company), one of the largest medical technology companies in the world, has signed a long-term lease for 240k sf at Park Point, a creative office/R&D campus located at 115, 135 and 155 North McCarthy...
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• San Francisco’s One Sansome Tower Being Repositioned by Barker Pacific Group
5/23/22
Citigroup Center at One Sansome, a 42-story tower in San Francisco’s Financial District, is being transformed into a new entertainment and hospitality hub for the post-pandemic resurgence by the property owner, Barker Pacific...
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• Sunroad Enterprises Obtains $200 Mil Take-Out Loan on Just Completed San Diego Area Res Community
5/20/22
Sunroad Enterprises has secured a $203 mil construction takeout financing for Vive Luxe, a Class A, 442-unit, multi-housing community the firm built in San Diego’s Kearny Mesa submarket.
Built in 2022, Vive Luxe offers studi...
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• Arizona Multifamily Community Gets New Owner in $75 Mil Deal
5/20/22
Sanctuary on Broadway, a 240-unit multifamily community in Tempe, AZ, traded hands in a $75 mil ($312.5k/unit) transaction. The buyer was a private Washington state-based syndicator.
Sanctuary on Broadway, located at 1330 We...
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