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• Development of Downtown San Diego Tower on Target with Retail Signing
5/19/21
Target has agreed to take a 36k sf retail space at Cisterra Development’s planned Radian tower development in downtown San Diego. The 255k sf, 22-story retail and residential high-rise project is located in the Ballpark Distr...
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• Jupiter Holdings to Build 700k sf Industrial Center in the Inland Empire
5/19/21
Newport Beach-based Jupiter Holdings has unveiled plans for the Scott Road Commerce Center, a five-building, 702k sf industrial center within the Inland Empire city of Menifee. The site is located at 33380 Zeiders Rd, adjacen...
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• Baker Development Corporation Picks Up 28-Acre Parcel in Phoenix
5/18/21
Baker Development Corporation (BDC) purchased a 28.4-acre parcel in Phoenix. The property, located at 1110 N. 52nd St, was formerly a Motorola semiconductor manufacturing facility.
The property located just north of Sky Harb...
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• Suburban Portland Office Building Gets New Owner
5/17/21
A 43.2k sf, suburban office building in Portland was acquired by a local investor. The price was not disclosed.
The three-story building is located at 5550 Macadam, east of I-5 and next to the Willamette River. It was recent...
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• KKR Buys 198k sf Industrial Project in Texas
5/14/21
Global investment firm KKR has acquired Skyline Commerce Center, a two-building, 198k sf industrial development in Mesquite, TX. The property was sold by Conor Commercial Real Estate. A price was not given out.
Strategically...
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• ScanlanKemperBard Companies Secures $12 Mil in Financing for OR Industrial Property
5/13/21
ScanlanKemperBard Companies (SKB) has obtained $12.3 mil in bridge financing for the acquisition and repositioning of a 173.8k sf industrial warehouse and manufacturing building in the suburban Portland, OR community of Milwa...
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• Draftsmen & Craftsmen
5/13/21
Majestic Realty Co.’s and Sunroad Enterprises’ Landmark at Otay, a four-building industrial center totaling 845.8k sf in Otay Mesa, has reached the concrete wall panel tilt-up and roof construction milestone for Phase 1 of th...
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• EverWest Real Estate Investors Closes $10 Mil Portland Industrial Buy
5/12/21
EverWest Real Estate Investors has acquired a 106.8k sf light industrial building in Portland for $10.05 mil, or $94/sf. The facility sits on 5.34 acres at 10675 N. Lombard St in the South Rivergate submarket, immediately sur...
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• Arc Capital Partners and Belay Investment Group Buy Two High-Ticket Retail Buildings in West Hollywood
5/12/21
Arc Capital Partners in partnership with Belay Investment Group acquired two retail buildings totaling 18.8k sf that are fully leased to three high-credit retailers in West Hollywood. The assets were sold by ASB Real Estate I...
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• Tower 16 Capital Partners Spends $55 Mil on Two Phoenix Multifamily Properties
5/12/21
Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 332 units in the greater Phoenix area for $55 mil, or $165.7k/unit.
The purchase includes the 232-unit Summerhill Place Apartments is...
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• George Oliver Completes Experiential Transformation at AZ Office Project
5/11/21
Phoenix-based developer George Oliver has completed its latest experiential office transformation, The Alexander in downtown Chandler, as companies reintroduce their employees back into the workplace. Located at 25 S. Arizona...
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• New Garden-Style Residential Project Slated to Open in West Sacramento
5/10/21
The Strand, a three-story garden-style apartment community located in West Sacramento, is nearing completion. The 408-unit project is a development of MBK Rental Living.
Offering upscale living with easy access to the capita...
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• Cruzan Secures $35 Mil Refi on Del Mar Heights Office Asset
5/10/21
Cruzan has refinanced Plaza Del Mar, a two-building, 117.5k sf office property in the Del Mar Heights submarket of North County San Diego. The new $35.3 mil loan was arranged by Mark McGovern, Scott Peterson, Brian Cruz and C...
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• Turner Impact Capital Secures Equity Placement for Phoenix Healthcare Facility Acquisition
5/10/21
Waltz Construction and New Freedom have obtained and an equity placement from social impact investment firm Turner Impact Capital’s Healthcare Facilities Fund for the acquisition of a $17.6 mil behavioral health campus at 25...
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• Draftsmen & Craftsmen
5/06/21
Cisterra Development has completed the development of a two-building, Class A corporate headquarters at Cubic Corporation’s campus in San Diego. The project is centrally located at 9233 Balboa Ave, within the city’s Kearny Me...
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• Community Housing Opportunities Corporation to Build 60-Unit Affordable Housing Project in Palm Springs
5/05/21
Community Housing Opportunities Corporation (CHOC), a non-profit affordable housing developer, has been awarded $21 mil to move forward with the construction of The Monarch Apartment Homes, a 60-unit affordable housing commun...
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• Single-Tenant Facility in Phoenix Sells for $19.5 Mil
5/04/21
Allred Tech Center, a 132.7k sf, single-tenant industrial building in Phoenix, traded for $19.5 mil, or $147/sf. The asset was sold by Douglas Allred Company.
Situated on 8.39 acres at 10027 S. 51st St, Allred Tech Center wa...
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• Next Wave Investors Acquires 374 Res Units in the Pacific Northwest
4/29/21
Next Wave Investors LLC has acquired two multifamily properties in the Pacific Northwest in deals totaling just under $50 mil. The acquisitions were of Serrano North and South, a 300-unit multifamily community in Spokane, WA ...
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• Investors Management Group Spends $33 Mil on TX Multifamily Property
4/28/21
Investors Management Group (IMG) has acquired Encore281 Apartments, a 228-unit res community in North San Antonio, for $33 mil, or $144.7k per unit. Built in 2015, the property is located directly on US-281 in the city’s pres...
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• 164-Unit AZ Res Community Goes for $28.7 Mil
4/27/21
Peoria Apartment Homes, a 164-unit apartment complex in Glendale, AZ, sold for $28.7 mil, or $175k/unit. The two-story property, located at 5020 West Peoria Ave, comprises 16 buildings with a mix of one- and two-bedroom units...
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