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• Glencrest Group Spends Over $23 Mil on 112 Res Units in the Vancouver Area of Washington
10/28/21
Glencrest Group acquired two value-add, garden-style multi-housing communities totaling 112 units in the Vancouver suburb of Battle Ground, WA. The assets were sold by a private investor for $23.15 mil, or $206.7k/unit.
The...
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• ZMR Capital Pays $90 Mil for AZ Multifamily Property
10/27/21
ZMR Capital purchased The Julia, a 320-unit multifamily community in the Phoenix submarket of Mesa, for $90.15 mil, or $281.7k/unit. Located at 546 South Country Club Rd, the property has been under institutional ownership si...
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• Brixton Capital Purchases 312-Unit Multifamily Community in Texas
10/27/21
Brixton Capital has acquired Mason Park, a 312-unit multifamily property in the growing area of Katy, TX, in the Greater Houston area. The asset was sold by Hilltop Residential.
Built in 2008, the apartment complex sits on ...
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• Tempe, AZ Res Community Gets New Ownership After $45 Mil Deal
10/25/21
La Cresenta Park and Gardens, a 138.1k sf, 197-unit multifamily community in Tempe, AZ, was purchased by Rise48 Equity LLC for $45 mil in an off-market transaction. The seller was Brookhill Corporation.
The two-story, garde...
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• Two-Property Hotel Portfolio in the Pacific Northwest Trades
10/25/21
A two-hotel portfolio located in Portland, OR and Vancouver, WA traded hands. The portfolio totals 209 keys and consists of the Homewood Suites Vancouver-Portland in Vancouver, Washington (104 keys) and the Homewood Suites Po...
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• DWG Capital Partners Picks Up Two-Building HQ Property in Texas
10/21/21
DWG Capital Partners recently acquired the M. Roberts Media (MRM) headquarters and industrial production facilities in Longview, TX from MAG Capital Partners. A price was not disclosed.
Totaling 124.4k sf of space, the purch...
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• S2 Capital Partners Picks Up 432-Unit Phoenix Res Community
10/21/21
Oxford Apartment Homes, a 432-unit, low-density garden-style multi-housing community in Phoenix, was purchased by S2 Capital Partners. The property was sold by Knightvest Capital.
Oxford Apartment Homes comprises one-, two- ...
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• Seefried Industrial Properties and Crow Holdings Capital Have Begun Work on 633k sf Distribution Center in Avondale, AZ
10/20/21
Seefried Industrial Properties has teamed up with a real estate fund advised by Crow Holdings Capital to build 101 at Van Buren, a new Class A, regional distribution center in Avondale. The buildings are the second phase of ...
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• Credi Gramercy Pays $13.9 Mil for Vegas Industrial Property
10/20/21
PSi Commerce Center Phase I, a 73.2k sf, two-building flex industrial property in Las Vegas, traded to Credi Gramercy, which will occupy the space as an owner/user. The property, which sold for $13.9 mil ($190/sf), will be us...
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• DocuVault Pays $17.8 Mil for 155k sf Colorado Building
10/19/21
DocuVault purchased West Sixth Commerce Center, a 155k sf building located at 11111 West 6th Ave in Lakewood, CO for $17.8 mil ($115/sf). DocuVault will occupy 52.9k sf of the building and lease the remainder.
West Sixth Com...
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• Opus Development Corp Buys 20 Acres of Colorado Development Land
10/18/21
Opus Development Corporation bought 19.75 acres of vacant land located at 7801 S. Fairplay Street in the Dove Valley submarket of Centennial, CO. The site is planned for the development of two, 150k sf industrial buildings f...
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• Hercules Industries Buys Phoenix Industrial Building
10/15/21
Hercules Industries has acquired a vacant, 140.8k sf industrial building known as Santa Fe 44 in Phoenix for $18.2 mil ($129/sf). Hercules, a national manufacturer and wholesale distributor of HVAC sheet metal products and eq...
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• Hybridge Capital Management and Productive Capital Associates Close on $40 Mil Student Housing Buy in Denver
10/15/21
Hybridge Capital Management, in a venture with Productive Capital Associates, has acquired The Villas, a 120-unit, 360-bed student housing community in Denver, for $40 mil ($333k/unit) in an off-market transaction.
The Villa...
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• Yahee Technologies Agrees to Lease 200k sf Spec Industrial Facility in Ontario
10/15/21
Yahee Technologies, a global e-commerce wholesaler, has agreed to a long-term lease for a 199.5k sf spec industrial development being built by Duke Realty Corporation in Ontario. The facility, situated on 8.7 acres at 1532 So...
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• New $61 Mil Language Arts and Social Science Building Completed at Orange Coast College
10/13/21
A new, 107.8k sf Language Arts and Social Science Building at Orange Coast College (OCC) has been completed. The three-story facility cost $61.5 mil and was built by C.W. Driver Companies.
The facility houses classrooms, off...
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• Comunale Properties and Stevens-Leinweber Construction Start work on AZ Industrial Project
10/13/21
Denver-based Comunale Properties (Comunale) and Stevens-Leinweber Construction (SLC) have broken ground on Chandler Connection, a 201k sf, Class A industrial project within the booming Chandler Airport industrial submarket in...
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• OR Last-Mile Facility Fetches $218/sf
10/12/21
A 129.8k sf, last-mile delivery station in Salem, OR sold for $28.25 mil ($218/sf). The property, located at 5475 Gaffin Rd SE, was a former solar panel plant owned and operated by Panasonic.
The Panasonic operation closed ...
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• Santa Ana Medical Office Building Gets New Owner in $30 Mil Deal
10/12/21
A newly renovated, 53.6k sf medical office building in Santa Ana was purchased by a large SoCal healthcare provider in a $29.9 mil ($558/sf) transaction. The building, sold by Meridian, is located at 3601 W. Sunflower Ave, wi...
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• Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale
10/11/21
Rexford Industrial Realty completed two industrial property acquisitions that comprise an aggregate 421.8k sf of space and one 80.2-acre industrial storage site for a total purchase price of $285.6 mil. The company also sold ...
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• Phoenix Flex Building Sale Comps at $147/sf
10/08/21
A 61.3k sf, flex/office/industrial property in Phoenix was acquired by Michael Hsiung, founder and owner of Phoenix Rising Investments LLC, for $9 mil ($147/sf). The property, known as Riverpoint Building 2, is located at 310...
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