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• Western Realco and RREEF Purchase 222k sf of OC Office Buildings for Land Value
6/08/21
A joint venture of Western Realco and RREEF purchased four office buildings totaling 222k sf on approximately 13 acres in Lake Forest. The properties were acquired on a land basis with the intent to redevelop them into new hi...
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• Recently Constructed Portland Res Community Refinanced with $49 Mil Loan
6/07/21
Holland Partner Group refinanced Kado NW, a recently constructed, 196-unit multifamily community in Portland, with a new loan of $49.4 mil.
Located at 1378 NW 18th Ave in Portland’s central business district, the project was...
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• Invesco Real Estate and Westport Properties Buy 472-Unit CO Self-Storage Asset
6/07/21
Invesco Real Estate and Westport Properties have acquired a new, state-of-the-art self storage facility in the Denver suburb of Castle Rock, CO. The property will be rebranded under Westport’s US Storage Centers brand.
The p...
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• Protea Properties Closes on $47 Mil of San Diego Commercial Real Estate
6/07/21
Protea Properties LLC purchased five San Diego-area commercial properties totaling 231.9k sf in a $47 mil transaction. Four of the properties are located in Chula Vista and one office building in Mission Valley.
This portfo...
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• Arizona Apartment Property Trades in $26 Mil Deal
6/04/21
Everest Holdings paid $25.95 mil for Country Villa, a 130-unit ($199.6k/unit) multifamily community in Phoenix. Built in 1986, Country Villa is located at 950 N. Gilbert Rd.
County Villa includes one- and two-bedroom units i...
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• AZ Industrial / Office Complex Purchased by Westmount Realty Capital
6/03/21
Dallas-based Westmount Realty Capital LLC bought Mountain Vista Commerce Center, a 134.7k sf flex industrial and office complex, for $17.4 mil ($129/sf). The property, sold by Northstar Commercial Partners, is situated in the...
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• Trio of CO Shopping Centers Trade for $10 Mil
6/02/21
Neighborhood Equities LLC purchased a portfolio of three multi-tenant shopping center properties located in Northern Colorado for $10.12 mil. Combined, the assets total just over 60k sf and include Oakridge Shopping Center in...
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• Fivetran Inc Leases 80k sf in Downtown Oakland
6/02/21
Fivetran Inc, a fast-growing automated data integration company, inked a lease for 80k sf of space in Downtown Oakland. The deal is at 1221 Broadway, a 24-story, 535k sf office building at the intersection of Broadway and 12t...
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• Sheraton Park Hotel in Anaheim is Undergoing a Renovation
6/01/21
Taconic Capital Advisors LP has begun work on a remodel of the Sheraton Park Hotel at the Anaheim Resort, a 498-room hotel within walking distance to Disneyland Resort that the firm just recently acquired. The renovation work...
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• AZ Res Community Gets New Owner in $31 Mil Deal
6/01/21
Mountain View Casitas, a 146-unit apartment community located at 1130 E Grovers Avenue in Phoenix, was acquired by by Los Angeles-based Marble Partners Management LLC for $31.2 mil ($213.7k/unit). The seller was San Diego-bas...
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• Work Gets Underway on Wine Country Res Development
6/01/21
OSM Investment has started work on Napa Creek Village, a 48-unit multifamily housing community in the heart of wine country. Located along Napa Creek on 2.5 acres, the community will include sustainable design features and br...
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• Meati Foods Leases 76k sf of CO Industrial Space
5/28/21
Meati Foods has inked a lease for 76.5k sf feet of Class A industrial space at 25 North in Thornton, CO. Meati, a fast-growing alternative meat company locally headquartered in Boulder, will occupy two-thirds of a brand new 1...
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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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