|
• Hawkins Companies Lands $56 Mil in Construction Money for Idaho Res Project
2/14/23
Hawkins Companies secured $56 mil in construction financing for the development of Canyon Ridge, a five-building, 287-unit multifamily project located at 2454 E Gowen Rd in Boise, Idaho. The lender is Sunwest Bank.
Canyo...
|
• Recent Signings Bring Building 1 at Denver Biz Park to Fully Leased
2/13/23
There have been two new leases totaling roughly 57k sf at Central Park Business Center, a recently constructed Class A industrial park in Denver. In one of the deals, restaurant supply company Trimark leased 34.3k sf, while i...
|
• Harbor Bay Ventures Picks Up Development Land in Salt Lake City’s Sugar House Neighborhood
2/09/23
Northbrook, IL-based Harbor Bay Ventures has acquired a 1.22-acre multifamily development site in Salt Lake City, UT. Known as the Wells Fargo office building, the property is located in the heart of the city’s popular Sugar ...
|
• Lincoln Property Company Announces New Plan for Growth and Succession
2/09/23
Lincoln Property Company Commercial announced a growth and succession plan that includes the appointment of a new generation of executive leadership and a major investment by funds managed by Stone Point Capital LLC.
Lincol...
|
• LaSalle Investment Management Buys 600k sf Industrial Facility in Otay Mesa
2/09/23
LaSalle Investment Management has purchased a 601.1k sf, multi-tenant industrial building in San Diego’s Otay Mesa submarket. Situated on over 31 acres at 2020 Piper Ranch Rd, the property has direct access to the US-Mexico b...
|
• 354k sf Former Regional Mall in Alaska Offered for Sale
2/08/23
Here’s news of an interesting retail redevelopment opportunity in Alaska, as Northway Mall, a former regional mall in Anchorage, has been put on the market. The property, now referred to as North Pointe, is located at 3101 P...
|
• Invent Development Partners Secures $50 Mil in Construction Money for Utah Resort Development
2/08/23
Invent Development Partners has obtained $50 mil of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development located adjacent to internationally renowned Canyonlands and Arches National...
|
• Barton Associates Leases 45k sf of Vegas Office Space
2/08/23
Barton Associates has inked a five-year lease for 45.3k sf of office space on the first floor at 3634 S. Maryland Pkwy in Las Vegas. Barton, the fourth largest locum tenens staffing company in the U.S., and its subsidiary, Ba...
|
• Constellation Real Estate Partners and Cadre Acquire 21 Acres in Houston for Industrial Development
2/07/23
Constellation Real Estate Partners, in partnership with Cadre, has acquired 20.8 acres of land on the northeast corner of Beltway 8 and Telephone Road in Houston, Texas for the development of a Class A, two-building, 192.3k s...
|
• Long Beach Retail Property Sells for $21 Mil
2/06/23
El Dorado Shopping Center, a 74.5k sf shopping center anchored by Grocery Outlet and Dollar Tree in Long Beach, traded hands in a $21.25 mil ($285/sf) transaction. The property was sold by DPI Retail of El Segundo.
El Dorado...
|
• Dunbar Real Estate Holding Picks Up Two Gardena Industrial Buildings in $22.7 Mil Deal
2/06/23
Dunbar Real Estate Holding, LLC, out of El Segundo, purchased two freestanding industrial buildings totaling 92.6k sf of space in Gardena, in an off-market transaction for $22.7 mil ($245/sf). The buildings are located at lo...
|
• CalSTA Awards Metro $600 Mil to Support Critical East San Fernando Valley Light Rail Project
2/03/23
The California State Transportation Agency (CalSTA) has announced that Metro will receive the full request of $600 mil in state grant funding for a key expansion of the Metro system, the East San Fernando Valley Light Rail Tr...
|
• Construction Completed at Assisted Living Development in the San Gabriel Valley
2/02/23
Construction has been completed at Clearwater at Glendora, a high-end senior living facility equipped for residents seeking assisted living and memory care services in the San Gabriel Valley. The project was built by R.D. Ols...
|
• Investor Pays $290/sf for Tempe Office Building
2/02/23
A 9.5k sf office building in Tempe traded hands in a $2.75 mil ($290/sf) transaction. The property, located at 2120 South McClintock Dr, south of East Broadway Rd on the corner of South McClintock Dr and East El Parquet Dr, w...
|
• Trio of New Buildings Completed at 64-Acre Arizona Biz Park
2/01/23
Construction has been completed on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, AZ. The facil...
|
• AZ Industrial Building Gets new Owner in $4.5 Mil Trade
1/31/23
A 28.5k sf industrial building in Mesa, AZ sold for $4.5 mil, or $158/sf. The property, located at 1856 North Higley Rd, south of McKellips Rd, was purchased by an out-of-state private buyer completing a 1031 exchange.
The...
|
• Toronto Entity Buys 108-Room AZ Hotel
1/31/23
Toronto-based Sun Valley Hotels LLC has acquired the 108-room La Quinta Inn & Suites hotel asset in Peoria, AZ. The property is located at 16321 N 83rd Ave, just east of Hwy 101.
La Quinta features a heated outdoor pool, fit...
|
• Arizona Retail Center Trades for $289/sf
1/30/23
A private investor paid $31.1 mil for River Center, a 107.5k sf ($289/sf), Whole Foods-anchored, neighborhood retail center located in Tucson. The property was sold by First Washington Realty
The Class A property is 100%-le...
|
• Avanath Closes on $205 Mil in Additional Equity Commitments for Affordable Housing Fund
1/30/23
Avanath Capital Management LLC has closed on more than $205 mil in additional equity commitments to the Avanath Affordable Housing Renaissance Fund (the “Fund”) since November. Avanath is a multifamily owner and operator that...
|
• Dekel Capital has launched Dekel Correspondent Lending
1/27/23
Dekel Capital has launched Dekel Correspondent Lending (DCL), which will originate balance sheet and CMBS loans for the acquisition, refinancing and recapitalization of commercial real estate assets including build-to-rent an...
|
Return to the Home Page - Etc... Etc... area
