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October 13, 2024
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NEWS HEADLINES


Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Transit-oriented Cityline project being developed by Hunter Partners and Sares Regis Group of Northern California

Sargard Real Estate Spends $77 Mil on AZ Multifamily Community
10/10/24
Deal is for 209-unit Trovita Rio in Tempe

Drawbridge Realty and KKR/Global Atlantic Spend $185 Mil on Santa Monica Office Property
10/08/24
225k sf Arboretum Gateway is fully leased by Universal Music Group

The Bradmore Group Finishes Work on Marina del Rey Creative Office Campus
10/07/24
42XX offers 151k sf of space in three buildings

Las Vegas Area Logistics Portfolio Sold to Ares Management Real Estate and BKM Capital Partners in Separate Deals
10/04/24
Henderson and Vegas assets total 492k sf

Hines Buys 2,460-Unit SoCal Self-Storage Asset in $91 Mil Deal
10/04/24
Deal is said to be the largest self-storage property sale in history

Green Leaf Partners Management Buys 280-Unit CO Multifamily Property
10/03/24
Firm picks up 25-year-old Alvista Harmony in Fort Collins

Downtown L.A. Highrise Trades for $80 Mil
10/02/24
Washington Capital Management buys 700k sf 445 South Figueroa on behalf of Southwest Carpenters Pension Trust

EQT Exeter Spends $23.4 Mil on Otay Mesa Industrial Facility
10/01/24
115k sf building is fully occupied by a single tenant

$29 Mil Renovation Project Completed at Riverside City College
9/30/24
Work by C.W. Driver Companies included the transformation of one structure and connecting it with another

San Ysidro Industrial Complex Purchased for $27 Mil by GID Industrial Acquisition
9/27/24
Trolley Industrial Center consists of 105k sf on five acres

EQT Exeter Closes 1 msf Nevada Industrial Buy
9/27/24
Firm picks up USA Parkway Distribution Center I & II in Sparks

Irvine Office Building Fetches $258/sf in Owner/User Buy
9/26/24
158k sf property purchased by TP-Link Systems

Regional Center in Oceanside Sells for $34 Mil
9/26/24
65k sf Plaza Rancho Del Oro goes for $527/sf

San Francisco’s Phoenix Hotel Acquired by Michel Suas of the San Francisco Baking Institute in $9 Mil Deal
9/26/24
Famous 44-room property likely to be redeveloped

Lincoln Property Company Starts Work on 1 msf Tucson, AZ Industrial Project
9/25/24
Phase I of I-10 International will contain 374k sf of Class A space

Multifamily Property in Henderson, NV Trades for $45 Mil
9/25/24
261-unit Cascade Apartments purchased by Prism Multifamily Group

SC Properties Closes on $37.5 Mil Bay Area Office Buy
9/24/24
Firm picks up 235k sf San Mateo Gateway Center

Work Gets Underway on 68k sf Biz Park in Carlsbad
9/24/24
Three-building Evolve is a development of The Techbilt Companies

Venture Between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management Buys 276k sf Conejo Valley R&D/Office Property
9/23/24
Lakeview Innovation Center sits on 22 acres in Thousand Oaks

GPI Companies Boosts LA Area Portfolio with 292-Unit Res Buy in North Hollywood
9/20/24
Firm acquires The Lofts at NoHo Commons community

Portland Res Community Trades
9/20/24
Deal is for 233-unit StoneRidge at Cornell

Sherman Residential Spends $72 Mil on Its First Phoenix Res Acquisition in 15 Years
9/19/24
Firm buys 237-unit Vela on Camelback

BKM Capital Partners Wraps Up $110 Mil Recapitalization of Light Industrial Portfolio
9/19/24
Transaction includes five properties containing nearly 540k sf of small-bay industrial space

New 315-Unit Central OC Res Development Completed
9/18/24
MBK Rental Living is now leasing Zia in Anaheim

Stos Partners Picks Up 95k sf of Industrial Assets in Phoenix
9/18/24
5.3-acre property contains two industrial warehouse buildings

CaliberCos Buys 312k sf Phoenix Office Campus
9/17/24
Two-building Canyon Corporate Plaza sold by ViaWest Group

UCLA Spends $39 Mil on New Apartment Complex in West Los Angeles for Graduate Student Housing
9/16/24
62-unit property will offer shared two- and three-bedroom apartments

JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
The purchases, made through the company’s JRK Platform 5 Fund, total $100 mil

Agora Realty and Management Nearing Completion of 42k sf Medical Office Building in North Las Vegas
9/12/24
New facility is part of NLV Gateway redevelopment in city’s downtown

WHAT'S NEW
Uncertainty Throughout the Phoenix Office Market Expected to Continue Through the End of 2024
10/07/24
3rd quarter Phoenix office CRE market update provided by Kidder Mathews

Silicon Valley Office Market Looking for Signs of Recovery
10/03/24
3rd Qtr 2024 update provided by Kidder Mathews

Interest Rate Cuts a Bright Spot in Tough Portland Office Market
9/30/24
Kidder Matthews provides 3rd Quarter 2024 update on the sector

Denver Ranks 8th Among Top North American Tech Markets
9/26/24
Ranking is part of CBRE’s annual Scoring Tech Talent report

Investor Interest Grows as Ventura County Retail Market Adapts to New Opportunities
9/23/24
Mid-year update on the sector provided by NAI Capital Commercial

Inland Empire Retail Market Sees Steady Growth Amid Evolving Demographic and Economic Shifts
9/05/24
NAI Capital Commercial shares Q2 2024 update on the sector

San Diego May be Facing Limited Class A Office Options in the Future
8/28/24
Report from JLL suggests aging inventory and dwindling new development likely to impact the market

Interest in Office Conversions Grows Amid Rising Vacancies and Discounted Sales
8/26/24
Yardi’s research tools show a larger pool of potential conversion prospects than many think

October 2nd is RENTV's Arizona CRE State of the Market Conference
8/24/24
Hear and network with regional industry pros, who will discuss the state's industrial, office, retail, multifamily and financing markets.

Ventura County Office Market Sees Signs of Stabilization Despite Challenges
8/18/24
NAI Capital Commercial provides mid-year update on the market

 
ETC. ETC...
Tejon Ranch Company and Dedeaux Properties to Develop 500k sf Warehouse Facility at Tejon Ranch Commerce Center
10/11/24
New structure to sit on a 25-acre parcel

Pacific Urban Investors Buys Milpitas Res Community
10/11/24
Trade is of 266-unit Ascend Apartments

Zekelman Industries Entity Buys 20-Acre Site in San Tan Valley, AZ for Res Development
10/11/24
Land will be used for construction of 318-unit multifamily development by Z Modular

27th Annual NAIOP SoCal UCLA vs. USC Real Estate Challenge to be Held on November 21
10/10/24
This year’s competition is to present the best plan for a 9.27-acre parcel in El Segundo

Mary Hines and Jennifer Vergara Join CBRE as Vice Chairs
10/10/24
Top producing duo specializes in life science deals throughout the Bay Area

North Sacramento Warehouse Property Trades in $5.8 Mil Transaction
10/09/24
Pic58k sf building is fully leased by WCP Solutions

Lake Oswego, OR Medical Outpatient Property Trades
10/09/24
Venture between Evergreen Medical Properties and a Bain Capital entity buys 60k sf property in Portland’s Kruse Way submarket

Ares Management Real Estate Picks Up 97k sf AZ Industrial Asset on Behalf of a Client
10/09/24
Pima Street Logistics Center sits on over four acres

Rio Bravo Studios to Build Soundstage Facility in Albuquerque NM
10/08/24
Project will consist of four 20k sf soundstages on over 18 acres

Harbor Associates and F&F Capital Group Pick Up n211k sf San Diego Biz Campus
10/07/24
The five-building asset is located in Del Mar Heights

Drawbridge Realty Buys 225k sf HQ Building in Santa Monica
10/07/24
Six-story structure is in the city’s Media District

Pacific West Communities Buys Santa Cruz County Development Site
10/04/24
Firm to team up with Linc Housing to build 289-unit res project in Soquel

400k sf AZ Industrial Park Changes Hands
10/04/24
Newly built Chandler Airpark 202 sold by US Capital Development-led venture

DXD Capital Building Class A Self-Storage Facility in Scottsdale, AZ
10/03/24
The new development will offer 706 units in 67k sf of space

Retail Center in Hermosa Beach Sells for Over $500/sf
10/02/24
Chartwell Real Estate Development buys 50k sf Park Pacific Shopping Center

PCCP LLC and Guardian Real Estate Services Purchase 242-Unit Res Community in Portland
10/02/24
Deal is for 16-story The Louisa

Denver Firm Buys 40k sf Phoenix Industrial Property
10/01/24
Class A building is occupied by building materials firm

Branded Bills Leases 96k sf HQ Space in Tempe, AZ
10/01/24
AZ-based firm relocating from 37k sf location in Mesa

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