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• City Lights Church Buys 48k sf Flex Building in Greeley, CO
8/16/23
City Lights Church paid $5.5 mil for a freestanding, 48k sf ($115/sf) flex commercial building in Greeley, CO. The property, located at 7251 W 4th St, was vacant at the time of sale.
Originally built in 1985 but renovated si...
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• Wood Investments Companies Secures $39 Mil in Refinancings on Two Idaho Retail Centers
8/15/23
Wood Investments Companies Inc has secured $39.1 mil in permanent loans for two prominent shopping centers in the Boise metropolitan area: Gateway Marketplace and CentrePoint Marketplace. Both shopping centers, situated in th...
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• HVAC/R Equipment Distributor Pays $267/sf for Nevada Owner/User Building
8/15/23
A 17.8k sf office/warehouse building located at 7440 Commercial Way in Henderson, NV sold for $4.75 mil ($267/sf). The buyer, R.E. Michel Company, one of the nation's leading wholesale distributors of HVAC/R equipment, parts ...
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• Rockefeller Group Picks Up 14 Acres in the Inland Empire for Distribution Development
8/10/23
Rockefeller Group has acquired 14 acres in Perris, CA and will develop a 259k sf distribution center on the land. The project, Patterson Commerce Center, will be located adjacent to Optimus Logistics Center, a 1.4 msf, two-b...
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• RADCO Companies Buys 143-Room Phoenix Hospitality Property
8/10/23
Atlanta, GA-based RADCO Companies acquired the Aloft Phoenix-Airport hotel, a six-story, 143-room hospitality asset in Phoenix. The price was not given out.
The Aloft Phoenix-Airport is a boutique hotel located at 4450 East ...
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• Oregon Industrial Asset Trades in $20 Mil Transaction
8/10/23
STAG Industrial acquired Beaverton Industrial Center, a recently renovated 121.4k sf multi-tenant industrial/distribution project on 6.4 acres in Beaverton, OR, for $20.6 mil ($170/sf).
Originally constructed in the 1960s a...
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• HYC Leases Final Building at Bay Area Spec Industrial Park
8/09/23
HYC, a global leader in industrial automatic test equipment and system solutions, leased the last 35k sf flex-tech building at Pacific Commons South (PCS). The 1.7 msf industrial business park in Fremont is now fully occupied...
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• Office/Retail Building in Hawaii Sells for $7.5 Mil
8/08/23
The leasehold interest in a two-story, 30.5k sf retail/office property anchored by Planet Fitness and located at 75-1000 Henry Street in Kailua-Kona, HI, traded for $7.5 mil ($246/sf).
Built in 1997 and situated on 1.49 ac...
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• Heitman Affiliate Buys 60k sf Medical Office Asset in Utah
8/02/23
An affiliate of Heitman LLC has acquired Mountain Point Medical Center, a 60k sf, Class A medical office building in Lehi, UT, in the Salt Lake City metropolitan area. The asset was sold by an affiliate of The Inland Real Est...
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• Stonelake Capital Partners Spends Over $8 Mil on AZ Industrial Building
8/01/23
A 37.6k sf, freestanding industrial building in Tolleson, AZ was acquired by TX-based Stonelake Capital Partners for $8.3 mil ($221/sf). The property, situated on 4.4 acres at 8590 West Jefferson St, is 100% leased to a singl...
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• Private Investor Snaps Up Vegas Office Building
7/28/23
A private investor purchased an 8.4k sf office building in Las Vegas from Manley Grier Investments for $3.3 mil, or $393/sf.
The one-story building is located at 1100 Grier Ave in the city’s Airport submarket, near Intersta...
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• Altus Properties Buys 97k sf Colorado Springs Industrial Building
7/28/23
Altus Properties purchased a 97k sf, Class A industrial manufacturing/distribution building in Colorado Springs, CO. The price was not given out.
Located at 10205 Federal Drive, the single-tenant property is 100% leased and ...
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• Work Started on Retail Center in OC’s Little Saigon District
7/27/23
Construction has broken ground on Bolsa Row Terrace, a new 26.2k sf shopping and dining destination in Orange County’s Little Saigon District, home to the nation’s largest Vietnamese-American population. The project is being ...
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• Texas Medical Property Trades for $1,200/sf
7/26/23
A 5k sf, medical property occupied by Total Point Urgent Care in Dallas, TX was purchased for $6 mil ($1,200/sf) by a Florida-based private investor who was in a 1031 exchange. The property, situated on .8 acres at 3443 West ...
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• Seattle Area Self-Storage Facility Gets New Owner
7/25/23
Northlynn Mini-Storage, a 57.7k sf, self-storage property in the Lynnwood area of Seattle, was purchased by GCP SecureSpace Properties LLC. The price was not given out.
Located at 15620 Highway 99, the facility contains grou...
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• Trio of Carlsbad Retail Properties Fetch $23.5 Mil
7/24/23
Three retail properties in Carlsbad -- King’s Fish House, P.F. Chang’s and BJ’s Restaurant – sold to separate buyers in deals totaling $23.525 mil. The properties, all located along Paseo Del Norte, were sold by California-ba...
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• Birtcher Development Breaks Ground on 492k sf Inland Empire Distribution Project
7/21/23
Birtcher Development has begun construction on Birtcher Logistics Center Rialto, a 492.4k sf, high-cube logistics facility in the Inland Empire city of Rialto. The project is expected to be ready for occupancy in first quarte...
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• Starpoint Properties Set to Begin Work on 245-Unit Multifamily Project in Mesa, AZ
7/19/23
Starpoint Properties has obtained $52 mil in construction financing for Dobson Station, a 245-unit multi-housing development set to deliver in 2024 in Mesa, AZ. JLL’s Jeff Sause, Wyatt Strahan and Elle Miraglia arranged the f...
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• Fresno Cold Storage Facility Fetches $8.5 Mil
7/19/23
A 52.5k sf cold storage facility in Fresno was purchased for $8.5 mil ($162/sf) by Southwest Traders, a leading supply chain solutions provider headquartered in Temecula. The property was sold by Florida-based industrial inve...
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• TownePlace Suites by Marriott Hotel in Chandler, AZ Trades Hands
7/17/23
Washington-based Trimark X LLC has purchased a 109-key TownePlace Suites by Marriott hotel asset in Chandler, AZ. The property was sold by Peachtree Group.
Located at 3635 Chandler Blvd, TownePlace Suites by Marriott feature...
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