| Stos Partners Completes Four SoCal Industrial Purchases for $25 Mil
Stos Partners has acquired four SoCal industrial properties encompassing 177.9k sf at a total cost of $25 mil. One of the properties is in Temecula while the other three are in San Diego.
In the Temecula deal, Stos Partners ...
| AZ Medical Office Property Picked Up By Out of State Investor
Spectrum Medical Commons, a 43.4k sf medical office building in Gilbert, AZ, traded hands between two Wisconsin-based real estate firms in a $17.75 mil ($409/sf) transaction. The Class A property, located at 3367 S. Mercy Rd,...
| RAF Pacifica Group Closes $20 Mil Office Buy in Carlsbad
RAF Pacifica Group has acquired a 121.5k sf office building in Carlsbad for $20.2 mil ($166/sf). The property, located at 1950 Camino Vida Roble, was sold by an institutional investor.
In addition to adding a new façade, RAF...
| AZ Creative Office Campus Sells for $46 Mil
In a recent AZ office buy, Strategic Office Properties, a wholly owned subsidiary of TPG Real Estate, purchased The Circuit, a 185k sf, adaptive re-use office project in Tempe, for $46 mil ($249/sf). The property is located a...
| Cerberus Capital and Hines Buy the Tallest Building in Texas
Cerberus Capital and Hines have teamed up to purchase JPMorgan Chase Tower, a 75-story, 1.6 msf skyscraper in Houston and the tallest building in Texas, in a deal said to be worth over $625 mil. The acquisition includes Chase...
| Commercial Real Estate Financing Briefs
NORTHMARQ CAPITAL - Michael T. Elmore with NorthMarq Capital secured $56 mil in refi money on Highland Pinetree Apartments, a 320-unit multifamily property located at 1501 South Highland Ave in Fullerton. The property is oper...
| Sudberry Properties Starts Work on Scripps Ranch Mixed-Use Redevelopment Project
Sudberry Properties has commenced construction on The Hub at Scripps Ranch, a mixed-use redevelopment project on 9.52 acres. The development is located at 9850 Carroll Canyon Rd, just east of I-15, at the gateway to Scripps R...
| Historic Apartment Property in West Hollywood Sells for over $17 Mil
Concord Capital Partners has acquired Casa Real, a 60-unit multifamily property located in the historic Harper District of West Hollywood, for $17.275 mil, or $288k/unit.
“We continue to look for well-located assets with a ...
| Trio of Inland Empire Industrial Leases Total $56 Mil
We’ve got three recent Inland Empire industrial leases to report. The deals total 1.4 msf of space and have a combined value of $56 mil.
In the largest of the deals, Burlington Distribution of California will occupy a Prolo...
| The Bascom Group Teams Up with The Axton Group in $41 Mil CO Res Buy
The Bascom Group LLC have partnered with an affiliate of The Axton Group in the acquisition of Summer Grove Apartments and Tanglewood Apartment Homes, two adjacently located apartment communities in Colorado Springs, CO. The...
| Phoenix Office Campus Sells for $47.5 Mil
New York-based DRA Advisors LLC acquired Camelback Lakes, a 203.3k sf office property in Phoenix, for $47.5 mil ($234/sf). The four-building, multi-story complex is located at 2710, 2720, 2730, and 2850 E. Camelback Rd, in on...
| Sterling Organization Pays $27 Mil for San Diego Area Shopping Center
Sterling Organization has acquired Poway Crossings, a 109.5k sf community shopping center in San Diego County. The property was purchased from Greenstreet Partners on behalf of Sterling Organization’s latest institutional Val...
| San Diego Area Industrial Complex Trades in $25 Mil Deal
Chula Vista Industrial Center, a two-building 158.1k sf Class A industrial property in Chula Vista, was acquired for $25.7 mil ($163/sf) by a partnership of New York-based KKR and Chicago-based Alpha Industrial Properties (AI...
| Phoenix Multifamily Property Sells for Over $40 Mil
Arcadia 4127, a 258-unit fully renovated, garden-style community in Phoenix, sold for $40.35 mil, or $156.4k/unit. The property is located at 4127 E. Indian School Rd, east of Hwy 51.
The community offers a mix of one- and t...
| TruAmerica Completes $152 Mil Multifamily Buy in Las Vegas
In the largest single multifamily asset transaction in Nevada history, TruAmerica, in joint venture with an institutional capital partner, has acquired Allanza at the Lakes (Allanza), an 896-unit multifamily community in Las ...
| Passco Companies Buys 380-Unit TX Res Asset
Passco Companies has acquired Tribute at the Rim, a 380-unit, Class A+ luxury apartment community in San Antonio, TX. Constructed in 2017, Tribute at the Rim is located at 5810 Worth Pkwy.
Tribute at the Rim is also located ...
| Sudberry Properties Starts Construction on 409k sf Otay River Business Park
Sudberry Properties has commenced construction on Otay River Business Park, a 409.5k sf, industrial development on 50 acres less than a mile east of I-5 in Chula Vista. The mixed-use project will feature industrial, warehous...
| Capstone Partners Lands $154 Mil in Financing for WA TOD Development
Capstone Partners, LLC has secured joint venture equity and construction financing totaling $154.7 mil for the development of One Esterra Park, a transit-oriented, Class A office development located adjacent to Microsoft’s wo...
| Stos Partners Collects $33.5 Mil from Two SoCal Dispositions
Stos Partners has collected $33.5 mil from the sales of two SoCal assets totaling 221.4k sf of space. The dispositions were for a two-building, 170.8k sf industrial property in Chula Vista and a one-building, 50.6k sf office ...
| Raintree Partners Spends $79 Mil on Glendale Multifamily Portfolio
Raintree Partners has acquired a portfolio of seven multifamily properties totaling 231 units located in the Los Angeles submarket of Glendale for $79 mil, or $342k/unit. The acquisition is aligned with the firm’s investment ...