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• Phoenix Office Property Refinanced with $61.7 Mil Loan
5/27/21
Regent Properties has obtained a $61.7 mil refi on Elevate 24, a 323.3k sf, Class A office property in Phoenix. Elevate 24, located at 4722-4742 N. 24th St, is one of several of Regent Properties’ holdings in the Phoenix mark...
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• MAG Capital Partners Buys Cold Storage Facility in Phoenix
5/25/21
MAG Capital Partners LLC purchased a 38.3k sf cold storage warehouse facility in Phoenix in a sale/leaseback deal. The property, situated on 1.73 acres of land at 2721 W Willetta St, was sold by Lin’s Distribution Corp.
Bui...
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• Moonwater Capital and Apex Financial Advisors Become the New Ownership Partnership for 177k sf Las Vegas Office Asset
5/24/21
Moonwater Capital and Apex Financial Advisors have acquired Montecito Tower, a 177.3k sf, Class A office building in Las Vegas. The ownership secured $33.3 mil in permanent debt as part of the acquisition and recapitalization...
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• Peregrine Realty Partners Entity Pays $23.3 Mil for Office Property in Mission Valley
5/24/21
Mission Courtyard, an 87k sf, multi-tenant office property in San Diego, was purchased for $23.3 mil ($268/sf) by a limited partnership controlled by the principals of Peregrine Realty Partners. The four-story, atrium-style o...
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• Private Investor Trade 135-Unit AZ Multfamily Property
5/21/21
The Flats at Granite Reef, a 135-unit multifamily property in Scottsdale, AZ, was acquired by Girard Flats LLC for $17.5 mil, or $129.6k/unit. The buyer acquired the property by assuming the first and second loans with a comb...
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• New Tempe, AZ Office Development Features Cross Laminated Timber Structural System
5/21/21
Construction has gotten underway on The Beam on Farmer, a Class A office project in the heart of downtown Tempe, AZ. The five-story, 184k sf building is a development of Mortenson, in partnership with PGIM Real Estate and Urb...
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• Dornin Investment Group-Led Partnership Acquires $195 Mil Non-Performing Loan
5/20/21
Laguna Beach investment firm Dornin Investment Group (“DIG”), in partnership with an investment fund, acquired a $195.5 mil, non-performing loan secured by a portfolio of 18 separate properties located throughout Southern Cal...
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• Development of Downtown San Diego Tower on Target with Retail Signing
5/19/21
Target has agreed to take a 36k sf retail space at Cisterra Development’s planned Radian tower development in downtown San Diego. The 255k sf, 22-story retail and residential high-rise project is located in the Ballpark Distr...
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• Jupiter Holdings to Build 700k sf Industrial Center in the Inland Empire
5/19/21
Newport Beach-based Jupiter Holdings has unveiled plans for the Scott Road Commerce Center, a five-building, 702k sf industrial center within the Inland Empire city of Menifee. The site is located at 33380 Zeiders Rd, adjacen...
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• Baker Development Corporation Picks Up 28-Acre Parcel in Phoenix
5/18/21
Baker Development Corporation (BDC) purchased a 28.4-acre parcel in Phoenix. The property, located at 1110 N. 52nd St, was formerly a Motorola semiconductor manufacturing facility.
The property located just north of Sky Harb...
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• Suburban Portland Office Building Gets New Owner
5/17/21
A 43.2k sf, suburban office building in Portland was acquired by a local investor. The price was not disclosed.
The three-story building is located at 5550 Macadam, east of I-5 and next to the Willamette River. It was recent...
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• KKR Buys 198k sf Industrial Project in Texas
5/14/21
Global investment firm KKR has acquired Skyline Commerce Center, a two-building, 198k sf industrial development in Mesquite, TX. The property was sold by Conor Commercial Real Estate. A price was not given out.
Strategically...
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• ScanlanKemperBard Companies Secures $12 Mil in Financing for OR Industrial Property
5/13/21
ScanlanKemperBard Companies (SKB) has obtained $12.3 mil in bridge financing for the acquisition and repositioning of a 173.8k sf industrial warehouse and manufacturing building in the suburban Portland, OR community of Milwa...
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• Draftsmen & Craftsmen
5/13/21
Majestic Realty Co.’s and Sunroad Enterprises’ Landmark at Otay, a four-building industrial center totaling 845.8k sf in Otay Mesa, has reached the concrete wall panel tilt-up and roof construction milestone for Phase 1 of th...
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• EverWest Real Estate Investors Closes $10 Mil Portland Industrial Buy
5/12/21
EverWest Real Estate Investors has acquired a 106.8k sf light industrial building in Portland for $10.05 mil, or $94/sf. The facility sits on 5.34 acres at 10675 N. Lombard St in the South Rivergate submarket, immediately sur...
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• Arc Capital Partners and Belay Investment Group Buy Two High-Ticket Retail Buildings in West Hollywood
5/12/21
Arc Capital Partners in partnership with Belay Investment Group acquired two retail buildings totaling 18.8k sf that are fully leased to three high-credit retailers in West Hollywood. The assets were sold by ASB Real Estate I...
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• Tower 16 Capital Partners Spends $55 Mil on Two Phoenix Multifamily Properties
5/12/21
Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 332 units in the greater Phoenix area for $55 mil, or $165.7k/unit.
The purchase includes the 232-unit Summerhill Place Apartments is...
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• George Oliver Completes Experiential Transformation at AZ Office Project
5/11/21
Phoenix-based developer George Oliver has completed its latest experiential office transformation, The Alexander in downtown Chandler, as companies reintroduce their employees back into the workplace. Located at 25 S. Arizona...
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• New Garden-Style Residential Project Slated to Open in West Sacramento
5/10/21
The Strand, a three-story garden-style apartment community located in West Sacramento, is nearing completion. The 408-unit project is a development of MBK Rental Living.
Offering upscale living with easy access to the capita...
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• Cruzan Secures $35 Mil Refi on Del Mar Heights Office Asset
5/10/21
Cruzan has refinanced Plaza Del Mar, a two-building, 117.5k sf office property in the Del Mar Heights submarket of North County San Diego. The new $35.3 mil loan was arranged by Mark McGovern, Scott Peterson, Brian Cruz and C...
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