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September 10, 2024
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NEWS HEADLINES


Upscale Torrance Multifamily Community Acquired by Japanese Investor in $71 Mil Deal
9/10/24
Buyer pays $590k/unit for The Highlands

BH Properties Buys 400k sf, San Diego-Area Mixed-Use Campus
9/09/24
Acquisition is of Hazard Center in Mission Valley

Community Preservation Partners to Invest $100 Mil on Purchase and Renovation of Historic Pasadena Affordable Seniors Housing Property
9/05/24
139-unit Green Hotel Apartments was originally constructed in the 1890s

The Bascom Group Picks Up 249-Unit Bakersfield Multifamily Property
9/04/24
Firm spends $56.6 mil on Old River Place

San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
Five properties went for $380k/unit

Dallas Chick-fil-A Ground Lease Goes for $3.7 Mil
9/02/24
Restaurant has 14 years remaining on its corporate-guaranteed lease

RCB Equities and Real Estate Development Associates Acquire 56-Acre Retail Redevelopment Opportunity in the San Gabriel Valley
8/30/24
Venture’s purchase of asset financed with $115 mil loan provided by Hankey Capital

Beverly Hills Retail Trade Comes in at $3,500/sf
8/30/24
One Cole Group pays $39 mil for 11k sf Beverly Drive Retail Collection

Washington Res Community Valued at $446k/Unit in $71 Mil Trade
8/29/24
Sale is of 159-unit SKY Sammamish in Sammamish

Pac West Equities Acquires 267k sf of Industrial Assets in the Bay Area
8/28/24
$44.5 mil purchase is for two structures in American Canyon

Community Preservation Partners Teams Up with The Hampstead Companies in 144-Unit El Cajon Affordable Housing Buy
8/28/24
Venture to spend $80 mil between acquisition and renovation costs

AZ Retail Center Trades in $51 Mil Transaction
8/27/24
Casas Adobes Plaza in Tucson fetches over $550/sf

IndiCap and Invesco Real Estate Finish Work on First Phase of 1.5 msf AZ Industrial Development
8/26/24
Virgin Industrial Park is being built by Graycor Construction Company

TruAmerica Multifamily Acquires 300-Unit TX Res Asset in $50 Mil Transaction
8/26/24
Firm buys Sheridan Park at Spring Creek Apartments in Plano

Libitzky Property Companies Adds 224k sf AZ Industrial Asset to Its Portfolio
8/26/24
Firm acquires recently completed Parc Germann project in Chandler

Class A Industrial Project Completed in Denver
8/23/24
201k sf Broadway Logistics Center a development of Lovett Industrial

Sharp Capital Spends $10 Mil on Pasadena Office Asset
8/23/24
77k sf building at 299 N. Euclid goes for $129/sf

Stratford Partners Buys 94-Unit Multifamily Property in Colorado
8/22/24
Purchase of Del Arte Townhomes in Aurora financed with new loan for $15.4 mil

Turner Healthcare Facilities Funds Lands $35 Mil in Financing for Two SoCal Assets
8/22/24
Deals will allow the borrower to convert the Costa Mesa and Chula Vista properties into state-of-the-art medical facilities

Berkeley Student Housing Project Lands $30 Mil in Construction Money
8/19/24
JLL arranges loan for Panoramic Interests’ 73-unit The Northside

South OC Senior Living Community Secures $52 Mil Refi Loan
8/19/24
JLL arranges loan through MidCap Financial on 168-unit Atria Newport Beach

Hines, Trez Capital and the Furst Family Purchase 90 Acres in Texas for Master-Planned Community
8/16/24
Furst Ranch will consist of three residential neighborhoods

AZ Shopping Center Gets New Owner After $26 Mil Trade
8/16/24
Private investor buys 130k sf Mesa Ranch Plaza

Klein Investments Family Limited Partnership Closes $81 Mil Purchase of State-of-the-Art Building in San Jose
8/15/24
Firm pays $557/sf for Silicon Valley Innovation Hub

MDH Partners Spends $51 Mil on AZ Industrial Complex
8/14/24
Acquisition of KV Buckeye 10 works out to $204/sf

Beedie Starts Work on 112k sf Industrial Project in North Las Vegas
8/13/24
Development will consist of 10 for-sale condo units

Continental Realty Assets Ltd Completes $27 Mil Multifamily Buy in Las Vegas
8/13/24
Acquisition of Villa Del Rio Apartments works out to $160k per unit

Washington Neighborhood Center Sells for Over $600/sf
8/12/24
67k sf Village at Redmond Ridge goes for $41 mil

Historic Office Campus Property in Portland Trades Hands
8/12/24
768k sf Montgomery Park sold by a bank-owned entity

Mattel Spends $59 Mil for El Segundo Office Asset Adjacent to Its Current HQ
8/09/24
Newly renovated Grand + Nash provides 168k sf of creative office space

Waterford Property Company and The Vistria Group Pick Up 299-Unit Multifamily Property in Dallas
8/09/24
Axis Kessler Park to be managed as essential workforce housing

Upscale Phoenix Multifamily Community Sells for $79 Mil
8/08/24
229-unit Alta North Central fetches $345k/unit

Equity Residential Buys 11 Res Properties from Blackstone Real Estate for $964 Mil
8/08/24
Transactions consist of 11 properties in Atlanta, Dallas/Ft. Worth and Denver

BH Properties Buys 203k sf Industrial Facility in Texas
8/08/24
Purchase of El Paso asset pushes firm’s portfolio in the state to almost 5 msf

Former San Leandro Retail Center Lands $33 Mil Refi after Transitioning to Power Center/R&D Campus
8/07/24
Colliers arranges bridge loan on renovated 715k sf Bayfair Mall property

San Fernando Valley Multifamily Asset Sells for $300k/Unit
8/07/24
Pinetree Terrace Apartments in Reseda goes for $17.6 mil

Cityview and Wafra Buy New Res Community in L.A.’s Silver Lake Neighborhood
8/06/24
Purchase is of 221-unit Silva

Brixton Capital Picks Up 114-Unit Colorado Res Community
8/05/24
Brixton Capital Picks Up 114-Unit Colorado Res Community

Meta Housing Corporation and the Foundation for Affordable Housing Start Work on Long Beach Affordable Housing Community
8/02/24
1400 Long Beach to offer 163 units for low- and moderate-income families

CapRock Partners Picks Up Two Industrial Assets in Nevada Totaling 177k sf
8/02/24
Freestanding warehouse buildings boosts the firm’s portfolio in the state to 5.25 msf

Stos Partners Closes $35 Mil Ind Buy in Salt Lake City
8/01/24
Purchase is of a three-building, 279k sf asset

Washington Res Community Sells in $34.75 Mil Deal
7/31/24
124-unit Woodstone Apartments in Bothell goes for $280k/unit

AZ Industrial Facility Sells for $27.5 Mil in Owner/User Buy
7/30/24
Setna iO/Setnix pays $245/sf for Tempe property

WHAT'S NEW
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

Ventura County Industrial Market Faces Stagnation Amid Low Vacancy, Slower Rent Growth, and Decelerating Deal Volume
8/05/24
NAI Capital Commercial provides 2nd quarter update on the sector

Opportunities Emerge in L.A. County Retail Market Despite Slow Recovery
7/29/24
NAI Capital Commercial provides update on the market

Puget Sound Office Market Shows Early Signs of Recovery
7/12/24
Latest research from CBRE suggests Frederickson is hot-bed for new industrial projects

San Francisco Office Vacancy Hits New Record High
7/09/24
Cushman & Wakefield provides brief mid-year snapshot of the market

Houston’s Trophy Office Assets Leading Recovery with Strong Absorption Gains
7/08/24
Avison Young’s second quarter 2024 report points to improving fundamentals at the top of end of the market

L.A. County Commercial Real Estate Faces Summer Slowdown Amid Rising Vacancies and Mixed Rent Trends
7/05/24
NAI Capital Commercial’s Q2 CRE Market Trends report provides an update on Los Angeles County’s multifamily, retail, office and industrial sectors

Silicon Valley R&D Market: Navigating Change with Continued Innovation
7/03/24
Kidder Mathews shares mid-year 2024 update on the market

 
ETC. ETC...
Rectangle Investment Management Buys 40k sf Industrial Building in Phoenix
9/10/24
Property is fully leased to Action Gypsum Supply

La Terra Development Lands $18 Mil in Construction Money for New Self-Storage Project in the San Fernando Valley
9/10/24
Financing for Raymer Self Storage in Van Nuys was arranged by JLL and funded by Calmwater Capital

Two San Gabriel Multifamily Properties Sell in Separate Deals Totaling Over $6 Mil
9/09/24
Assets, located in Azusa and Arcadia, have a combined 28 units

T&T Supermarket to Open First CA Store in San Jose
9/05/24
Chain inks lease at Federal Realty’s Westgate Center

Henry’s Gymnasium Leases Boylston Garage Property in Seattle’s Capitol Hill District
9/04/24
Deal is for all three floors of the 15k sf structure

Helix Properties Buys 77k sf AZ Medical Office Building
8/29/24
Gateway Medical Center in Phoenix sells for $7.2 mil

Stylish Interior Design Installation Completed at Res Community in L.A.’s Filipinotown
8/27/24
Nadia Geller Designs completes art deco project at Cityview’s Belle on Bev property

Longpoint Realty Partners Buys 69k sf AZ Industrial Facility in $17 Mil Deal
8/26/24
Sale of Gilbert property works out to $247/sf

San Diego-Based Discovery Property Group Becomes an Affiliate of SPERRY
8/26/24
Entity is led by Mark Powell and Frank Powell

California State Senate Passes Assembly Bill 2904.
8/22/24
Legislation is a milestone for NAIOP SoCal and the commercial real estate industry

Foxx Development Doubles Its Space at Otay Mesa Biz Park with New Lease for 50k sf
8/22/24
Firm to occupy entire 101k sf building at Britannia Tech Park

CRE Finance Veterans Launch Arcus Harbor in a strategic partnership with Lument
8/19/24
New firm formed by Kristen Croxton, Greg Reed, Andrew Kwok, and Tina Quirin

Bay Area Warehouse Trades in $35 Mil Transaction
8/16/24
132k sf Hayward facility sold by CenterPoint Properties

Unique Mixed-Use Property in Desirable San Francisco Neighborhood Hits the Market
8/16/24
Listing is for a 100-year-old residential/commercial building in the Duboce Triangle area

New Creative Office Development in Culver City Lands $21 Mil in Take-Out Money
8/15/24
Gantry arranges new loan on 35k sf project

Lucky’s Market in Fort Collins, CO Goes for $7.3 Mil
8/14/24
Single-tenant asset underwent a major renovation in 2018

Reliable Properties Buys Barnsdall Square Retail Center in L.A.’s Los Feliz Area
8/13/24
92k sf asset sold by Reliable Properties

Regional Center in Great Falls, Montana Gets New Owner
8/13/24
Sale is of 70k sf Westwood Plaza

BMC Investments Closes on 351-Unit Colorado Res Buy
8/12/24
Firm picks up Advenir Del Arte Apartments in Aurora

New $54 Mil School Campus Completed in Riverside County
8/12/24
Menifee Union School District’s Sally Buselt Elementary School was built by C.W. Driver Companies

Menlo Equities Picks Up Unique Mixed-Use Asset in Portland’s Pearl District
8/09/24
134k sf Block 1 of the Brewery Blocks goes for $21 mil

Seefried Industrial Properties and MDH Partners Acquire AZ Site for 60k sf Industrial Project
8/08/24
Venture to develop Fiesta Tech Center in Gilbert

Alicia Bramble, James Daughrity and Odest Riley Jr. Launch CRE Firm Focusing on Local Communities in Need
8/07/24
SoCal Premier Property Management is 100% minority-owned

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