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2.2 msf Texas Mixed-Use Campus Trades Hands 11/02/23 CityLine, a 2.2 msf mixed-use property comprised of four purpose-built office buildings in Richardson, TX, traded hands. The property, occupied by State Farm, includes 120k sf of retail space and a 42k sf medical office build...
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San Fernando Valley Res Community Sale Goes for $106 Mil 11/01/23 Summerset Village, a 280-unit multifamily property situated in the foothills of the Santa Susana Mountains, sold for $106.65 mil, or $381k/unit. The property is located at 11450 Poema Pl, just north of the 118 Fwy at Topanga ...
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Parklane Development Group and Miramar Industrial Partners Complete Work on 1.2 msf AZ Logistics Project 10/31/23 Parklane Development Group and Miramar Industrial Partners have completed work on Southern Industrial Center, an award-winning, 1.2 msf, speculative Class A industrial project located at the southeast corner of Southern Ave a...
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Dominium Finishes One Phoenix Housing Project While Breaking Ground on Two Others 10/30/23 Dominium has been busy with three housing projects in Phoenix. The firm held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family ...
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Milhaus and Banyan Residential to Build 320-Unit Phoenix Multifamily Project 10/30/23 Milhaus and Banyan Residential are set to move forward with a new 320-unit residential development in Phoenix. The project, Alanna, will be built with design-assist construction services from McShane Construction Company.
Lo...
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ViaWest Group Breaks Ground on Final Phase of AZ Industrial Development 10/27/23 ViaWest Group has broken ground on the final phase of the firm’s Goodyear Crossing Industrial Park, a Class A industrial development located at the southwest corner of Sarival Ave and West Elwood St, just southwest of Phoenix...
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Res Community in L.A.’s Playa Vista Area Lands New Loan of $115 Mil 10/27/23 Barings Real Estate has obtained $115 mil in financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista.
The Ventana was originally constr...
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Tidewater Capital Investment Fund Exceeds Initial Target of $200 Mil 10/26/23 San Francisco-based Tidewater Capital has exceeded its initial target of $200 mil in equity commitments for its third discretionary fund (“TC Fund III”) with a diverse pool of limited partners, including university endowments...
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Pomona Res Community Sells in $35 Mil Transaction 10/26/23 Terramonte at Foothill, a 138-unit apartment property at the very eastern edge of L.A. County, in Pomona, traded for $35.5 mil, or $257.2k/unit. The property is located at 150 W. Foothill Blvd, just west of Garey Ave and sou...
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Green Leaf Capital Partners Buys 141-Unit Res Community in North Portland 10/25/23 Green Leaf Capital Partners has acquired The Perch PDX, a 141-unit, newly constructed, luxury, transit-oriented multi-housing community located in the highly sought-after Overlook neighborhood of North Portland, OR. It was so...
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Trammell Crow Company Starts Work on First Phase of AZ Industrial Project 10/24/23 Trammell Crow Company (TCC) has broken ground on the first phase of the Cotton Lane Commerce Park in Goodyear, AZ. Phase one will include the delivery of two Class A industrial facilities for a total of 542.9k sf, in addition...
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Cityview Wraps Up Work on 123-Unit Res Project in L.A.’s Pico-Robertson Area 10/20/23 Cityview has completed The Parker – a 123-unit mixed-use project in the Pico-Robertson community of West Los Angeles. Now welcoming residents, the transit-oriented community is built to LEED Silver standards and features stud...
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Saddle Creek Logistics Services Leases 571k sf AZ Industrial Building 10/20/23 Saddle Creek Logistics Services, a third-party logistics company, inked a lease for a new 571k sf industrial facility located in Glendale, AZ. Terms of the deal were not disclosed.
The property, a 620-foot-deep building, fea...
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LPC Desert West Starts Work on $515 Mil Industrial Project in Phoenix 10/19/23 LPC Desert West has broken ground on Luke Field, a $515 mil, 2.4 msf Class A industrial development located adjacent to Luke Air Force Base in metro Phoenix.
Being developed in a single phase with completion expected in the ...
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AIDS Healthcare Foundation Spends $20 Mil on Carson Distribution Facility 10/19/23 The AIDS Healthcare Foundation has purchased a 54k sf warehouse/distribution facility in the City of Carson for $20 mil ($370/sf). Constructed in 2002, the property is located at 18421 South Main St.
The freestanding, concre...
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Commercial Real Estate Financing Briefs 10/18/23 MARCUS & MILLICHAP CAPITAL CORPORATION - Rick Judge with Marcus & Millichap Capital Corporation arranged $21.8 mil in financing for the purchase of Kaleidoscope Center, a retail shopping mall with office space located at 2774...
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Longpoint Partners Acquires 275k sf Industrial Asset in the City of Industry 10/17/23 Boston-based real estate investment firm Longpoint Partners acquired the John Reed Commerce Center, a 275k sf, 15-building light industrial project in the City of Industry. The asset was 83% leased at the time of sale.
Situa...
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Dedeaux Entity Spends $190 Mil on Sale/Leaseback of 882k sf Commerce Distribution Facility 10/17/23 In one of the year’s largest industrial real estate transactions in Los Angeles County, a Dedeaux family-controlled entity acquired an 882k sf distribution facility in Commerce from 99 Cents Only Stores in a $190 mil sale-lea...
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Albany Road Real Estate Partners Picks Up Phoenix Industrial Park for $22.4 Mil 10/16/23 Boston-based Albany Road Real Estate Partners paid $22.4 mil for a four-building, multi-tenant light industrial complex totaling 110.7k sf ($202/sf) in the sought-after Deer Valley submarket in Phoenix. The property is 95% le...
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Second Half of 432k sf San Diego Industrial Portfolio Sale Completed 10/13/23 The disposition of the 432k sf Brown Field Tech Park I and II industrial portfolio in San Diego’s Otay Mesa submarket has wrapped up. The portfolio was sold by Murphy Development Company. The sales price(s) were undisclosed.
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