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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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• Hill Properties Buys 92k sf Industrial Property in San Diego’s Sorrento Valley Area
12/02/20
Hill Properties purchased Environmental Plaza, a seven-building, 91.7k sf industrial campus in San Diego’s Sorrento Valley area. The asset was sold by a private family investment entity in a $15.3 mil ($167/sf) transaction.
...
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• Phoenix Office Property Nabbed by LA Investor
12/02/20
A Los Angeles-based private investor paid $5.35 mil for a 30.2k sf ($177/sf) office property in Phoenix.
Located at 2051 W. Northern Ave, the building was 100% leased at the time of sale. The high-image property sits on a co...
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• Huntington Beach Retail Center Sells for Over $800/sf
12/01/20
Village Plaza at Huntington Harbour, a 20.3k sf, multi-tenant retail center with over 270 feet of prime Pacific Coast Hwy frontage in Huntington Beach, was acquired by an L.A.-based private partnership. According to an indust...
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• Four-Building Phoenix Corp HQ Complex Trades
12/01/20
TriWest Corporate Headquarters Campus, a four-building, 121.5k sf office property in Phoenix, was purchased by an East Coast-based private buyer. The price was not disclosed.
Located at 15810, 15820, 15830 and 16010 North 28...
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• Cohen Asset Management Collects $45 Mil from Sale of AZ Industrial Assets
11/30/20
A two-building, Class A industrial portfolio totaling 292.2k sf in the Phoenix Metro area was sold to two buyers in separate transactions totaling $45.35 mil. The properties were sold by Cohen Asset Management.
The key asset...
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• Draftsmen & Craftsmen
11/27/20
Work has been completed on the new Bachmann Collaboration Building at Flintridge Preparatory School in La Cañada Flintridge. Serving grades seven through 12, the new 18k sf, three-story building includes laboratories, art stu...
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• Fully Leased East Bay Industrial Building Trades for $242/sf
11/27/20
Elion Partners paid $23 mil for a 95k sf ($242/sf), fully leased industrial building in Union City, in the East Bay. Originally constructed in 1979, the property is situated on 4.56 acres at 33401 Central Ave.
The single-te...
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• Transwestern Real Estate Services Awarded Leasing and Management Services for 350k sf TX Medical Office Building
11/25/20
Capital Commercial Investments Inc has awarded the leasing and management assignement for a five-story, 351k sf building in Houston to Transwestern Real Estate Services. The property, located at 6500 W. Loop S., only four mil...
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