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June 15, 2024
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• Venture Global LNG Boosts Presence at Houston High-Rise by Additional 29k sf
Venture Global LNG Inc has extended and expanded its lease by 29.3k sf at 5 Houston Center in downtown Houston. The transaction brings the firm’s total lease at the property to 58.5k sf on two full floors. Located at 1401 M...
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• Trio of Recent AZ Industrial Sales Account for 60k sf of Space
We’ve got three recent industrial purchases, totaling 60k sf, in the greater Phoenix area to report. The separate deals had different buyers and sellers. In one of the deals, Crockett’s Honey, a family-owned raw honey manufa...
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• Trammell Crow Company and Clarion Partners Acquire Final Phase Land at The Center at Needham Ranch
Trammell Crow Company (TCC) and Clarion Partners LLC acquired the remaining 137-acre portion of land for The Center at Needham Ranch in Santa Clarita. development.” The Center at Needham Ranch is a master-planned, 252-acre ...
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• Los Angeles Better Buildings Challenge Names Its Annual Innovation Awards Winners
Following Mayor Garcetti’s “Safer at Home” Order, the Los Angeles Better Buildings Challenge (LABBC) recently celebrated its 6th Annual Innovation Awards virtually, presenting the city’s most prestigious sustainability prizes...
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• Swinerton Builders Inks Lease for 12k sf at Honolulu Office Tower
Swinerton Builders – one of Hawaii’s largest contractors – agreed to a 91-month lease for 12k sf of space on the fifth floor at Davies Pacific Center, a 23-story office tower located in the heart of the Honolulu business and ...
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• Berkadia Arranges $44 Mil in Financing on Two Res Properties
An unnamed ownership entity hs obtained $44.38 mil in combined financing on two multifamily properties, in California and Texas. The properties are Vineyard Village, located in Rancho Cucamonga, CA, and Wellington Park in Lew...
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• Rexford Industrial Realty Spends $21 Mil on Fully Leased Asset in the City of Commerce
Rexford Industrial Realty Inc has closed on another SoCal industrial buy, paying $21 mil for a 120k sf ($175/sf) facility located at 6687 Flotilla St, east of Garfield Ave and south of Olympic Blvd in the City of Commerce. Th...
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• Pain Management Group Buys San Diego Medical Office Property
In a recent medical office buy, an Orange County-based pain management group paid $6 mil for Richley Medical Plaza, a 25.6k sf ($234/sf) property in San Diego’s Midway District. Located at 3434 Midway Drive, the two-story bu...
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• San Diego Area Retail Center Trades in Deal Worth Over $13 Mil
Escondido Town & Country, a 70k sf, neighborhood shopping center in Escondido, sold for $13.25 mil, or $189/sf. Located at 1625 to 1665 East Valley Pkwy, east of I-15 and just south of Washington Ave, the asset was acquired b...
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• District Medical Group Renews 56k sf Phoenix Space
District Medical Group’s (DMG) Children’s Rehabilitative Services recently inked a renewal lease for its 56k sf space at Park Central, a rapidly emerging hub for medical education and services in Phoenix’s midtown submarket. ...
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• Walker & Dunlop Structures $2.4 Bil Fannie Mae Facility on 67-Property Res Portfolio
Although out of RENTV’s geographic coverage area, we thought we’d mention Walker & Dunlop Inc closing the largest transaction in company history -- a $2.4 bil Fannie Mae Credit Facility to refinance 67 multifamily properties ...
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• Westcore Buys 66k sf Industrial Facility in Temecula
Westcore acquired a 65.6k sf, industrial warehouse on 10.64 acres in Temecula for $10.8 mil ($165/sf). Currently vacant, the property is located at 27731 Diaz Rd, west of I-15 and north of Rancho California Rd. The warehouse...
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• William Warren Group Buys Phoenix Self-Storage Asset
Garfield Storage, an 83.7k sf self-storage facility in Phoenix, was purchased by the William Warren Group, a Santa Monica-based self storage owner/operator who will operate the project under its brand name StorQuest Self Stor...
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• Casey Brown Companies Picks Up Two San Diego Office Buildings for $14.5 Mil
Casey Brown Companies spent $14.5 mil on a City Center office property in San Diego that consisted of two of the largest office buildings on El Cajon Blvd along with a four-story, 149-stall parking structure. The assets were ...
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• Inland Empire Industrial Building Gets New Owner in $12.9 Mil Transaction
Dermody Properties recently acquired a 103.4k sf industrial building in Ontario for $12.9 mil, or $125/sf. The building sits on 5.79 acres at 3120 E. Mission Blvd, north of Hwy 60 and west of I-15. The 3120 Mission Blvd buil...
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• Universe Holdings Obtains $19.7 Mil Cash-Out Money on Seven Res Properties in Inglewood
Universe Holdings has received $19.71 mil in cash-out financing secured by seven of its multifamily communities in Inglewood. Two separate loans allowed Universe to pay off the existing mortgages on the value-add properties a...
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• Conor Commercial Real Estate Breaks Ground on Dallas Industrial Project
Conor Commercial Real Estate has broken ground on, a Class A industrial development located in the heart of the Dallas metroplex. The project will consist of two buildings totaling 198k sf of space. Skyline Commerce Center i...
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• Private Investor Buys 27k sf of Properties along Westwood Blvd in Los Angeles
An unnamed private investor has purchased three parcels in West Los Angeles totaling roughly 27k sf. The properties are located at 2107-2121 Westwood Blvd, east of the 405 Fwy and a few blocks north of Olympic Blvd. They incl...
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• Mixed-Use Development in Utah Lands $19.3 Mil in Financing
Lincoln Station, a 76-unit mixed-use community to be built in the Kimball Junction area of Park City, UT, is closer to development after having just obtained in $19.3 mil in construction and permanent financing. The borrower ...
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• KAL Freight Inc Takes 50k sf of Logistics Space in Arlington, TX
KAL Freight Inc, a commercial freight management logistics company, has signed a lease for 49.9k sf of industrial space in Arlington, TX. The space brings the 543.4k sf facility, located at 600 109th St, to over 90% leased. ...
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