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• Sonoma Biotherapeutics Inks Lease Yet-to-be-Developed R&D Facility in Seattle
8/26/22
Sonoma Biotherapeutics Inc has agreed to a long-term lease agreement for a yet-to-be-developed, 83k sf Research and Development (R&D) and Manufacturing Center in Seattle. The center will be located at 501 Elliott Avenue West,...
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• Flex Campus in South Torrance Sells for $21 Mil
8/26/22
Atrium Business Center, a 114k sf, flex office/industrial project located at 23800-23868 Hawthorne Blvd in South Torrance, sold for $21 mil ($184/sf) in an off-market deal.
Initially built in 1973 as an industrial park, the...
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• Downtown Seattle Development Parcel Trades for $17.5 Mil
8/25/22
A 0.61-acre site in downtown Seattle’s Belltown neighborhood was acquired by an unnamed buyer for $17.5 mil. The 26.6k sf parcel, located at 2700 1st Ave, is zoned for residential development up to 267 units.
The zoning allo...
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• Norpoint Communities Refinances Four Age-Restricted Res Properties in the Puget Sound Region
8/24/22
Norpoint Communities has landed $71.45 mil in separate permanent financings to refinance four 55-Plus age-restricted, active adult multifamily properties in the Puget Sound region. The financing was arranged by Gantry.
The p...
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• CBRE Investment Management Picks Up Four-Building Medical Office Portfolio in South OC
8/24/22
CBRE Investment Management, on behalf of a fund it manages, has acquired a four-building medical office portfolio totaling 282.7k sf in the South OC city of Mission Viejo through a joint venture with Healthcare Realty Trust. ...
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• Kennedy Wilson Picks Up 260-Unit Multifamily Property in Albuquerque NM
8/24/22
Kennedy Wilson has acquired Cantata at the Trails, a 260-unit apartment community in Albuquerque, NM. Cantata at the Trails is the fifth addition to the company’s rapidly expanding Albuquerque property portfolio, which has gr...
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• Denver Storage Yard Property Generates $19 Mil Price
8/23/22
New York-based IG Logistics LLC and Meadow Partners have acquired a 26.7-acre industrial storage yard/trailer site in central Denver for $19 mil. Located at 409 West 66th Ave, the vacant property is zoned for outside storage ...
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• Phoenix Office Building Gets New Owner in $8.2 Mil Deal
8/23/22
A 46.6k sf, multi-tenant office building in Phoenix sold for $8.2 mil ($176/sf). Located at 4545 E Shea Blvd, the two-story property is 90% leased to a synergistic mix of tenants.
Originally built in the mid-1980s and renov...
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• Santa Monica Creative Office Project Just Completed
8/22/22
Work has been completed on a new, 36.7k sf creative office building in downtown Santa Monica. The project, located at 1550 Euclid St, was built by C.W. Driver Companies on behalf of Friedkin Group, who acquired the land in 20...
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• SecureSpace Self Storage Buys 11-Property Portfolio Totaling 6,550 Units
8/22/22
In a national self-storage buy, SecureSpace Self Storage acquired an 11-property, best-in-class self-storage portfolio totaling 6,550 units in three high-performing real estate markets: the San Francisco Bay Area; Portland, O...
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• Rockworth Companies and the Gasser Family to Start Construction on 336-Unit Multifamily Project in Meridien, ID
8/19/22
Construction of Village Apartments, a Class A, 336-unit apartment development in Meridien, ID, is expected to begin in the coming months with completion anticipated for fall 2024. The project, a development of a joint venture...
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• New 1.75 msf Logistics Development Gets Underway in Phoenix’s Loop 303 Corridor
8/18/22
Merit Partners, First Industrial Realty Trust and Diamond Realty Investments have broken ground on Phase One of C|303, a Class A modern industrial logistics park situated in the heart of metro Phoenix’s Loop 303 industrial co...
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• Investors Nab Two Colorado Springs Retail Centers in $13.85 Mil Worth of Deals
8/17/22
Two shopping centers in Colorado Springs, CO traded hands in separate deals totaling $13.85 mil. A Colorado-based private investor acquired Springs Ranch Shopping Center for $8.3 mil, while a San Diego-based 1031 exchange inv...
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• Greystar Completes Trio of Housing Projects in Seattle
8/16/22
Greystar has completed three urban rental residences totaling 838 units centrally located in the city of Seattle. The projects first began construction between 2019 and 2020, striving to ease the local market’s housing demand...
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• MAG Capital Partners Buys Utah Cold Storage Facility
8/12/22
MAG Capital Partners LLC purchased a 62.9k sf cold storage facility in Ogden, UT. The property, located at 130 West 28th St, is tenanted by Western Gateway Storage Corp. Terms of the sale were undisclosed.
Situated on 1.34 a...
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• MIG Real Estate Buys 104-Unit WA Community for $53 Mil
8/11/22
MIG Real Estate LLC has purchased the 104-unit Cedar Rim Apartments in Newcastle, WA for $52.9 mil, or $509k/unit. MIG is planning to enhance the exterior and common areas of the property.
Cedar Rim is located at 7920 110th ...
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• Target Leases New 141k sf Class A Distribution Facility in Central Denver
8/10/22
Target Corporation has leased a brand new, 141.5k sf Class A industrial/distribution building in Central Denver. The building, located at 6300 North Broadway, is owned by Prologis and named Prologis Broadway Distribution Cent...
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• Davlyn Investments Spends $65 Mil on Vegas Res Community
8/10/22
Davlyn Investments has purchased Rancho Destino, a 184-unit, luxury, multifamily community situated on 9.1 acres at 4355 S Durango Dr in Las Vegas, for $65.5 mil ($356k/unit). The property, which has been re-branded “Aviara,...
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• Colorado Single-Tenant Industrial Asset Gets New Owner in $4.2 Mil Deal
8/05/22
A 16.3k sf, single-tenant industrial building on 7.24 acres in Windsor (Fort Collins), CO sold for $4.17 mil ($256/sf) in an off-market deal. The property was purchased by Pioneer Land Company LLC, which was fulfilling a 1031...
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• Construction Underway on 246-Unit Sustainably-Designed Res Community in Washington
8/05/22
Construction on Ninebark, a 246-unit sustainably designed apartment home community nestled between Camas and Washougal, WA, in Clark County is underway. The project is a development of Killian Pacific.
The design and constru...
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