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• AZ Multifamily Property Trades for $31 Mil
12/24/20
The Sterling, a 107-unit community in Gilbert, AZ, sold in a recent, $30.9 mil ($289k/unit) deal. The property, located 23 miles southeast of downtown Phoenix, was acquired by Casa Anita Apartments LLC.
The Sterling, previo...
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• Draftsmen & Craftsmen
12/24/20
The Southwest Division of Graycor Construction Company has completed its panel tilt at Glendale 303 (“G303”) Phase I, marking the near-term completion of a Class A industrial development poised to meet the needs of still-surg...
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• Trammell Crow Company and Clarion Partners Start Work on AZ Industrial Development
12/23/20
The Phoenix Business Unit of Trammell Crow Company, along with capital partner Clarion Partners, has broken ground on Cowden Logistics Center in Tolleson, AZ. The industrial project will offer 285.1k sf of logistics space in ...
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• Black Creek Group Completes Portland Distribution Property
12/22/20
Denver-based Black Creek Group recently bought a two-building, 122.8k sf industrial distribution center in Portland, OR. The multi-tenant property, situated in Portland’s East Columbia Corridor submarket, was recently renovat...
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• In Self Storage Buys New 376-Unit Self-Storage Asset in Washington
12/22/20
In Self Storage recently acquired Storage Solutions on Eaton, a 376-unit facility in Battle Ground, WA. The property opened for business in July 2020 and is in the initial lease up phase at the time of closing. A price was n...
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• STAG Industrial Entity Buys Single-Tenant AZ Industrial Property for Over $14 Mi
12/21/20
An affiliate of Boston-based STAG Industrial Inc paid $14.25 mil for a 104.4k sf ($136.50/sf), fully leased single-tenant light industrial building in Chandler, AZ. The property was sold by Cohen Asset Management Inc.
The p...
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• SB Real Estate Partners Buys 224-Unit Apartment Complex in Phoenix
12/18/20
In a recent Phoenix res buy, SB Real Estate Partners (SBREP) has purchased Casa Anita Apartments, a 224-unit multifamily community located in the city’s West Valley submarket, for $35.3 mil ($157.6k/unit).
The property had ...
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• Oregon Self-Storage Portolio Purchased by Invesco Real Estate and Baranof Holdings
12/18/20
Invesco Real Estate, in partnership with Baranof Holdings, has acquired the Nest Self Storage portfolio located in Salem, OR, near Portland. The two-property portfolio was recently completed and approximately 85% occupied at ...
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• Washington Medical Campus Complex Sells for $20 Mil
12/17/20
A local investment group acquired the two-property medical campus formerly known as Astria Regional Medical Center located in Yakima, WA through bankruptcy court for approximately $20 mil. The seller was Astria Health, which ...
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• Net-Leased Grocery Property in Washington Sells for Over $16 Mil
12/16/20
A 60k sf, single-tenant, net-leased grocer property in Walla Walla, WA sold for $16.2 mil ($270/sf). The building, occupied by a national grocer on a long-term lease, is located at 450 N. Wilbur Ave.
The property is positio...
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• TA Realty Pays Over $300/sf for San Jose Industrial Asset
12/16/20
TA Realty has purchased a fully leased, 82.9k sf industrial property in San Jose for $26.6 mil, or $321/sf. The newly constructed property, located at 2144 Oakland Rd, is leased to The County of Santa Clara.
The building fe...
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• Dental Real Estate Investment Fund Sinks Its Teeth into Seven-Property Portfolio
12/15/20
Alignment Realty Capital has closed its initial transaction through their just-launched ARC Dental Income Fund I LLC. The open-ended fund has no cap on capital commitments.
This transaction is for the purchase-leaseback of s...
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• Wakeland Housing and Development Corporation Breaks Ground on Two L.A. Affordable Housing Communities
12/15/20
Wakeland Housing and Development Corporation has broken ground on two Los Angeles affordable housing communities. The projects - the 54-unit Amani Apartments and 43-unit Chesterfield Apartments - will bring much-needed low-co...
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• Westcore Spends $48 Mil on CO Industrial Campus
12/14/20
Westcore has acquired an 11-building, 509.2k sf industrial campus in Broomfield, CO for $48 mil ($94/sf). The asset, located at West Midway Blvd and Burbank St, was sold by Commander Leasing LLC.
Westcore plans to renovat...
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• Westlake Village Office Building Trades Hands
12/14/20
A 45.5k sf office building in Westlake Village was acquired by a private investor in a recent, off-market transaction. The building, located at 4360 Park Terrace Dr, is part of a beautifully landscaped, master planned develo...
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• Birtcher Anderson & Davis LLC and Belay Investment Group Buys TX Industrial Portfolio
12/09/20
A venture between San Juan Capistrano-based Birtcher Anderson & Davis LLC and Belay Investment Group recently closed on a $47.5 mil purchase of eight industrial properties in the greater Dallas/Fort Worth area. The portfolio ...
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• Bell Textron Inc Leases 109k sf Office Building in FortWorth
12/08/20
Bell Textron Inc, a Textron Inc. company and leading American aerospace manufacturer, has signed a long-term lease for the entire 109.2k sf building at 4151 Amon Carter Blvd in Fort Worth, TX. The Class A, four-story building...
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• AZ Target / US Bank Property Trades in $14.5 Mil Transaction
12/08/20
A 10-acre property leased to Target and US Bank in Tempe, AZ was purchased for $14.45 mil by B2 Holdings LLC, an all-cash San Diego-based investor with multiple single-tenant holdings in the Phoenix market.
The property, loc...
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• The Related Group Gets Underway with New 286-Unit Res Project in Scottsdale
12/07/20
The Related Group has started work on The Manor Scottsdale, a new 286-unit multi-family development in Scottsdale, AZ. McShane Construction Company is providing construction services for the development, slated for completion...
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• George Smith Partners Arranges $44 Mil on 650k sf Industrial Complex
12/03/20
George Smith Partners recently arranged $44 mil in non-recourse, non-participating bridge financing at 95% of cost for the lease-up and repositioning of a five-property, 650k sf industrial complex located on the West Coast.
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