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June 17, 2024
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• Mark IV Capital Inc Picks Up 24k sf AZ Office Asset
Mark IV Capital Inc, out of Newport Beach, has acquired Perimeter Parkview Corporate Center, a 24.2k sf, Class A multi-tenant office building in Scottsdale, AZ. The asset was sold by Melcor Developments of Edmonton, Canada. ...
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• KBS Partners with Technology Firm to Reconfigure Office Space to Create Safe Working Environments for Tenants
KBS has partnered with Maptician, a cloud-based, workplace management platform, to utilize technology and data to reconfigure office and community spaces to facilitate an organized and safety-conscious return-to-office for te...
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• 71-Acre Sonoma County Site Listed for Sale
The Chanate Campus, a 71.6-acre, 12-parcel property in Santa Rosa, has been put on the market by the County of Sonoma. Brian Hutcherson and Mike McShea of CBRE’s Public Institutions and Education Solutions (PIES) practice and...
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• ACB Properties LLC Buys AZ Industrial Facility with Plans for Major Improvements
ACB Properties LLC acquired a 141k sf industrial distribution and warehouse facility in Tempe, AZ for $7.75 mil. The company completed the buy with a loan for $11.8 mil, which includes money for significant improvements to th...
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• AZ Safeway-Anchored Shopping Center Purchased by Beverly Hills Exchange Investor
Safeway Center at Lake Powell, a 100.5k sf Safeway-anchored shopping center in Coconino County, AZ, was acquired by a Beverly Hills-based 1031 exchange buyer with a portfolio of properties in Arizona. The property was sold by...
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• Carlsbad Office Building Sells for $160/sf
A private investment firm paid $6.15 mil for a 38.3k sf ($160/sf) office building in Carlsbad. The property was originally built in 1986 and was renovated in 2013. Located at 5928 Pascal Ct, the property is 79% leased to ...
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• The Stillery and JINYA Ramen Bar Take Restaurant Space at New Square
Two new restaurant concepts, The Stillery and JINYA Ramen Bar, have signed on at New Square, a multi-use development situated on 4.7 acres along Arizona Ave and Chicago St in historic downtown Chandler, AZ. The project is. T...
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• Seefried Industrial Properties and Crow Holdings Capital Acquire 35-Acre AZ Development Site
The Phoenix office of Seefried Industrial Properties, along with a private equity real estate fund advised by Crow Holdings Capital, has acquired a 35-acre site in Deer Valley, AZ. The buyers plan to use the site to develop a...
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• Tauro Capital Advisors Arranges Three Real Estate Debt Facilities Totaling $50 Mil
Tauro Capital Advisors Inc has secured a total of $50 mil in revolving debt facilities that will enable single-tenant, triple-net-leased developers to expand their portfolios through new site acquisitions and development. Ta...
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• SoCal Value-Add Multifamily Portfolio Hits the Market
We’ve just learned about a significant SoCal multifamily listing to hit the market. It’s for the LAVVA Portfolio, or “Los Angeles & Ventura Value Add” Portfolio. The listing consists of five properties totaling 551 units in ...
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• National University’s HQ Campus in Torrey Pines Sells
Alexandria RE Equities has purchased The Pointe at Torrey Pines, a 139.1k sf office property in Torrey Pines currently home to the National University System and National University’s two-building headquarters. The price was ...
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• Phoenix Industrial Park has New Ownership after $8.3 Mil Trade
Bell 17 Industrial, a three building, 70.5k sf industrial project in North Phoenix’s Deer Valley submarket, was acquired for $8.28 mil ($117/sf) by a private investor. The fully leased, multi-tenant industrial park was sold b...
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• Glencrest Group Buys 72-Unit Res Community in Washington
San Francisco-based Glencrest Group has closed on the acquisition of a multifamily community in the state of Washington. The firm purchased Briggs Village Apartments, a 72-unit, new construction multifamily property located a...
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• AMCAL Equities LLC Secures $49 Mil in Construction Money for TX Res Development
AMCAL Equities LLC has obtained a a $49 mil construction loan under the HUD 221(d)(4) program for the development of Katy Apartments, a new multifamily community located in Katy, TX. Upon completion, Katy Apartments will con...
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• Phat Scooters Rolls into 44k sf Phoenix Flex Space
Phat Scooters signed a long-term lease for a 44.2k sf industrial/flex building at 3637 E Miami Ave in Phoenix’ Sky Harbor Airport submarket for its new HQ location. The electric vehicle manufacturing firm is relocating and si...
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• Clean Up in the Laundromat Biz!
PWS Laundry, which has developed more than 3,000 laundromats and at one time operated in 17 states, is expanding. The company seeks to open 30 to 50 new locations across the U.S. in the next 12 months, maximizing its experti...
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• Unique Res Site in Pacific Palisades Entitled for Eight Custom Homes Sells for $8.25 Mil
In a unique, residential property sale on the westside of Los Angeles, a 1.5-acre, estate homesite in Pacific Palisades that had been fully entitled for the development of up to eight custom, high-end homes sold for $8.25 mil...
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• Steve DeGennaro Appointed Chief Financial Officer at Marcus & Millichap
Steve DeGennaro has been appointed as Chief Financial Officer at real estate investment services firm Marcus & Millichap, effective August 17, 2020. DeGennaro will succeed Marty Louie, Chief Financial Officer since 2010. Lou...
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• Trammell Crow Company Acquires 24 Acres in NoCal for Industrial Development
Trammell Crow Company (TCC) has acquired a fully entitled 24-acre site in Morgan Hill, CA, on which the firm is planning to develop up to 440k sf of light industrial space across five Class A buildings. The currently undevelo...
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• Transwestern Real Estate Services Awarded Leasing Duties for Two Houston Office Buildings
Sidra Real Estate Inc has awarded the office leasing assignment for two buildings in Houston’s Riverway submarket to Transwestern Real Estate Services. The buildings are 2 Riverway, a 369.5k sf office building, and 4900 Woodw...
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