| Two CA Central Valley Res Properties Sell in Deals Worth $15.6 Mil
The Mogharebi Group (TMG) has successfully secured the sale of two Central Valley multifamily communities totaling 102 units in separate transactions valued at $15.6 million combined.
Here’s the scoop on two multifamily deal...
| Summit Hotel Properties Buys 120-Key Hotel Property in Scottsdale, AZ
Summit Hotel Properties has purchased a 120-key Residence Inn by Marriott hotel asset in north Scottsdale, AZ. Located at 17011 N Scottsdale Rd, the property was built in 2002 but renovated in 2018. The price was not disclos...
| NEXGEN Spends Over $6 Mil on Conejo Valley Life Science/Lab Property
NEXGEN paid $6.2 mil for a 23.9k sf ($260/sf) industrial life science/laboratory facility in Newbury Park. The property was sold by Dao Bui Holdings.
The facility is situated at 3615 Old Conejo Rd, within the USA Business Pa...
| Portfolio of Nine Properties in Downtown Las Vegas Listed for Sale
A portfolio of nine properties in the Fremont East District of downtown Las Vegas has been put on the market. The portfolio, which consists of a portion of the Estate of Tony Hsieh, a late American internet entrepreneur, Zapp...
| New 580-Unit Multifamily Development Completed in Salt Lake City
Post District Residences, a new 580-unit multifamily development in Salt Lake City, has been completed. Located at 575 South 300 West, the project features state-of-the-art amenities and a prime location.
Post District Resid...
| Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project
Welcome Group Inc has secured $36.8 mil in financing for the construction of a 194-key, six-story hotel development in the Playhouse District of Pasadena. The project is located at 550-566 E Colorado Blvd, south of the 210 Fw...
| Food for the Hungry Takes 30k sf at Renaissance Square in Phoenix
International humanitarian organization Food for the Hungry has completed a lease at Renaissance Square that will consolidate its three downtown Phoenix office locations into a single global corporate headquarters, occupying ...
| Lowe’s Leases 78k sf at Spec Industrial Project in Texas
Landmark Companies is currently in the pre-lease phase of Landmark at the Meadows, a Class A industrial warehouse project under development in Mesquite, TX, a suburb of the Dallas/Fort Worth area. The two-building speculative...
| Cypress West Partners Buys 30k sf AZ Medical Office Building
Cypress West Partners purchased a 30k sf, single-story medical office building in Mesa, AZ. The 100% vacant building, located at 6309 East Baywood, was sold by a group of local physicians who originally developed the building...
| Bridge Development Breaks Ground on Senior Housing Project in San Diego’s Little Italy Neighborhood
Bridge Housing has started work on Kettner Crossing, 64-unit senior housing complex in downtown San Diego’s Little Italy neighborhood. The project is expected to reach completion by early 2025 and will serve low-income ...
| EverWest Real Estate Investors Picks Up 195k sf Industrial Property in Denver’s North Central Submarket
EverWest Real Estate Investors has purchased Central Connection in Denver’s popular North Central infill submarket from a joint venture of Comunale Properties and institutional investors advised by J.P. Morgan Asset Managemen...
| Vegas Warehouse Facility Sells for $190/sf
A 19.5k sf industrial warehouse in Las Vegas traded for $3.7 mil, or $190/sf. The property, located at 3020 S. Valley View, was acquired by Next Century Rebar LLC.
The property was built in 1970 and is situated within the We...
| Magma Equities and Macquarie Asset Management Entity Buy 285-Unit TX Multifamily Property
Bardin Greene, a 285-unit garden style multifamily property in the Dallas-Fort Worth Metro city of Arlington, TX, was acquired by Magma Equities and a global real estate fund managed by Macquarie Asset Management. The propert...
| Mark IV Capital Looking to Grow Its Industrial Presence in Five States
Mark IV Capital, a private investment firm with a nearly 50-year history of commercial real estate investment and development, as well as venture capital, is expanding its C-suite to grow its industrial and mixed-use developm...
| Ferguson Enterprises Leases New 135k sf Industrial Facility in Thornton, CO
Ferguson Enterprises has signed a long-term lease for a full 135k sf building at 25 North, a 70-acre master-planned industrial development in Thornton, CO. The facility is part of the project’s Phase II, currently under const...
| WNC Preservation Equity Fund 2 Fully Invested in $229 Mil of Affordable Housing Assets in Six States
Preservation Equity Fund Advisors (PEF Advisors) has fully invested its WNC Preservation Equity Fund 2 (Fund 2) in $229 mil in assets across six states. Fund 2, a $100 mil equity fund that closed in May of 2022, is PEF Adviso...
| BKM Capital Partners and TerraCore Capital Buy 88k sf Vegas Industrial Property
BKM Capital Partners, in a joint venture partnership with TerraCore Capital, has acquired Decatur Business Center in Las Vegas for $25.9 mil. The 88.2k sf ($294/sf) light industrial property was sold by Terry York Properties...
| Kairos Investment Management Company Secures $175 Mil Fannie Mae-Backed Credit Facility
Kairos Investment Management Company (KIMC) has secured a $175 mil credit facility backed by Fannie Mae. Berkadia, a leading commercial mortgage lender, originated and will service the credit facility for each transaction.
| Zippy’s Property Trades in $4.7 Mil Deal
A Hawaii-based private investor paid $4.7 mil in the leased fee buy of a single-tenant retail property occupied by Zippy’s, an iconic Hawaii-based fast casual restaurant chain serving American, Japanese, Chinese, and Hawaiian...
| Newly Constructed San Bernardino Res Project Sells for Over $300k/Unit
Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino, sold for $21.5 mil, or $307k/unit. The buyer was a SoCal-based private investor.
Located at 415 E. Commercial Rd. in the Inland Empire’s secon...