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• LDK Ventures Picks Up Vacant 350k sf Industrial Asset in Boise, Idaho
11/02/20
LDK Ventures has purchased Boise Logistics Center, a vacant, 350k sf industrial building located at 1001 E. Gowen Road in Boise, ID. The transaction was financed with a $19.4 mil loan provided by PCCP LLC, which will also go ...
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• Duke Realty to Build Spec Warehouse Facility in Washington
11/02/20
Duke Realty is constructing a new 190k sf logistics warehouse on a redeveloped nine-acre site at 1510 Puyallup Street in Sumner, WA. Named Duke Sumner Logistics Center, the property is being developed on a spec basis in the K...
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• Nakhshab Development & Design Obtains Refi Loan on San Diego Res Project
10/29/20
Nakhshab Development & Design (NDD) has secured a $10.25 mil refi loan for Truax Lofts and Truax House, a newly constructed, 36-unit, modern residential community built with eco-friendly materials in San Diego’s Bankers Hill ...
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• Cypress West Partners Picks Up a Pair of Medical Office Assets in Phoenix
10/28/20
Cypress West Partners has purchased two single-story medical office buildings located at 2264 and 26232 North Tatum Blvd in Phoenix. Known as Tatum Highlands Medical and Dental, the buildings, at 87% occupied, encompass a 27....
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• Burbank Apartment Portfolio Trades for First Time in Over 30 Years
10/27/20
An 84-unit apartment portfolio in Burbank was purchased for $31.25 mil, or $372k per unit. The portfolio consists of two 42-unit apartment buildings just two blocks from each other in the heart of the city.
The three-story a...
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• New Retail Center Completed by Primestor at Redeveloped Mixed-Use Community in South Central L.A.
10/26/20
Freedom Plaza, a brand-new neighborhood center that is the retail element of the Jordan Downs mixed-use development in Watts, a city in South-Central Los Angeles, has been completed. The 114.4k sf project, developed by Primes...
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• DTLA’s Union Bank Plaza Nominated as a Historical Landmark by the Los Angeles Conservancy
10/22/20
Union Bank Plaza (UBP), a 701.9k sf, 40-story, office tower and retail plaza in Downtown Los Angeles, was recently designated the first skyscraper in Los Angeles to become a historical landmark nominated by the esteemed Los A...
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• Pathfinder Closes $18 Mil Multifamily Buy in Colorado
10/22/20
Pathfinder Partners has purchased Highlands at Red Hawk, a 56-unit apartment community in the affluent submarket of Castle Rock, just south of Denver, CO. Red Hawk, acquired for $18.2 mil ($325k/unit), is Pathfinder’s 11th Co...
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• Los Angeles Buyer Spends Over $8 Mil on OR Self-Storage Property
10/21/20
Los Angeles-based Trojan Storage paid $8.3 mil for Hawthorne Mini Storage, a 654-unit self-storage facility in Salem, OR. The facility also offers covered RV and boat parking spaces.
Located at 1241 Hawthorne Avenue NE, the ...
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• Acquisition of Two SoCal Properties Financed with $28.3 Mil Loan
10/20/20
An unnamed, high-net-worth investor has obtained $28.3 mil in financing for the purchase of two SoCal properties, one a medical office building in Tustin, and the other an industrial property in San Diego. The assets had a co...
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• Latest Building Completed at Research Forest Lakeside Office Complex in Texas
10/19/20
Construction has been completed on Research Forest Lakeside’s Building 9, a six-story, 134.9k sf, LEED Silver office building located at 9707 Lakeside Blvd in The Woodlands, TX. The property is owned by JD Warmack Woodlands L...
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• Renovated Phoenix Office Asset Traded in $16.75 Mil Transaction
10/15/20
The Fordham office complex, a 90.7k sf office property in Phoenix, sold for $16.75 mil, or $185/sf. The asset consists of two multi-tenant office buildings located at 1430 and 1440 E. Missouri Ave. The property was 92% leased...
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• New 145-Room Glendale Marriott Residence Inn is Finished
10/12/20
Glendale Marriott Residence Inn, a new, 145-room mission-style hotel in Glendale, has been completed. The project was built by R.D. Olson Construction on behalf of R.D. Olson Development. Project partners include architecture...
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• Phoenix Office Complex Purchased for $16.75 Mil by Cloud Peak Development
10/09/20
Cloud Peak Development LLC, based in Billings, Montana, paid $16.75 mil for Paradise Valley Plaza, a 100.2k sf ($167/sf) office complex in Paradise Valley (Phoenix), AZ. The property, which consists of three two-story buildin...
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• Phoenix Res Community Purchased by CA Investor in $16.75 Mil Transaction
10/09/20
La Estrella Vista Apartments, a 96-unit multifamily community in Phoenix, was purchased by a CA-based private investor for $16.75 mil, or $174k per unit. The property was sold by Next Wave Investors LLC, who acquired acquired...
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• CAI Investments LLC Buys Harrah’s Hotel and Casino in Reno with $26 Mil Loan Arranged by Highland Capital
10/08/20
CAI Investments LLC has acquired the Harrah’s Hotel and Casino in an opportunity zone in downtown Reno.
CAI plans on redeveloping the 1.3 msf, 900-room, two tower hotel and casino/commercial space into 528 multi-family uni...
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• CapRock Partners Picks Up Five Acres in North Las Vegas for Industrial Development
10/07/20
CapRock Partners has acquired a five-acre land site in North Las Vegas submarket for industrial development. The land was purchased from a commercial real estate investment firm for an undisclosed amount.
CapRock plans to us...
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• That Sure is a Purdy Building that Just Sold in Portland’s Rivergate Industrial District
10/07/20
The Purdy Brush Building, 95.5k sf, single-tenant facility in Portland’s Rivergate Industrial District, was sold by Oregon Transfer Company in a recent transaction. The building, located at 13201 North Lombard St, is the head...
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• LA-based JRK Property Holdings Expects to Complete $1.6 Bil in Deals by Year End
10/06/20
LA-based JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD, as the first in a series of acquisitio...
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• Stevens-Leinweber Construction Selected to Complete TI Build-Out of 643.8k sf AZ Facility for MLILY
10/06/20
Phoenix-based general contractor Stevens-Leinweber Construction (SLC) has been selected to complete the 643.8k sf tenant improvement for MLILY at PV 303, a 1,600-acre master-planned business park in Goodyear, AZ. The park is ...
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