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• BH Properties Acquires 187k sf Dry and Cold Storage Facility in Laredo, TX
11/24/20
BH Properties has acquired a 187.4k sf dry and cold storage warehouse facility in Laredo, TX. The 132-door, cross-dock facility was purchased from Mastronardi Produce in a short-term sale leaseback transaction.
Built in 200...
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• Draftsmen & Craftsmen
11/20/20
Cadence McShane Construction Company has completed the construction of Parc 59, a new speculative industrial development in Humble, TX, delivered on behalf of Jackson-Shaw. Designed by Powers Brown Architecture, the developme...
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• Walgreens Portfolio Sells for $24 Mil
11/19/20
A portfolio of six Walgreens drugstores across the midwest sold in a recent $24 mil transaction. The NNN-leased assets are located in Texas, Oklahoma, Illinois, New Mexico and Arizona.
Gabriel Britti and Ronnie Issenberg wit...
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• Fresno Self-Storage Facility Goes for $7 Mil
11/19/20
BCORE Storage Weber LLC paid $7.1 mil for a 543-unit ($13.1k/unit) self-storage property in Fresno. Located at 5090 N. Weber Ave, the property benefits from a large population exceeding 115,000 individuals within three miles ...
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• Multifamily Property in the Southern San Fernando Valley Goes for $230k/Unit
11/18/20
Bechir Apartments, a 118-unit multifamily asset in the southwest San Fernando Valley community of Tarzana sold for $27.1 mil, or about $229.7k per unit. The property is close to U.S. Route 101, Ventura Boulevard, and the Metr...
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• Safco Capital Corporation Makes $11.5 Mil Office Buy in West L.A.
11/17/20
Safco Capital Corporation closed on the acquisition of a 21.7k sf, three-story office building in West Los Angeles for $11.55 mil ($532/sf). It was sold by MG Skinner.
The property, known as Camden Gardens, is located at 11...
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• Quidel Inks $16.9 Mil Lease of 16k sf Sorrento Mesa Facility
11/17/20
Rexford Industrial has completed a $3.5 mil renovation of a 106.4k sf industrial property in San Diego’s Sorrento Mesa area. Upon completion of renovations, Quidel, a San Diego-based leading diagnostic healthcare manufacturer...
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• New 88k sf Athletics Center Completed at Orange Coast College
11/13/20
The new Kinesiology and Aquatics Pavilion at Orange Coast College (OCC) in Costa Mesa has been completed. The 88k sf athletics center features expanded and modernized space for a variety of OCC programs, including physical ed...
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• Barker Pacific Group (BPG) and Artemis Real Estate Partners Close on Phoenix Self-Storage Buy
11/13/20
A joint venture between Barker Pacific Group (BPG) and Artemis Real Estate Partners (Artemis) has acquired its first self-storage property, Life Storage, in Phoenix, AZ. The asset, sold by Hawkins Company Commercial Developer...
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• JRK Property Holdings Picks Up 408 Res Units in Arizona
11/10/20
Los Angeles-based JRK Property Holdings Inc completed a multifamily acquisition in Arizona with the purchase of 909 West, a 408-unit apartment complex in Tempe. The asset, located at 909 W. Grove Pkwy, was sold by MG Properti...
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• California Investor Pays $13.45 Mil for Phoenix Industrial Property
11/10/20
Desert Gateway II, a two-building industrial project in Phoenix, was sold in a recent $13.45 mil transaction. The 76.9k sf asset was sold by a venture between 36th Street Partners and Cale Enterprises, who built the Class A p...
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• T.I. Work Underway on 153k sf AZ Expansion Building for MiTek
11/09/20
Merit Partners has selected Stevens-Leinweber Construction (SLC) as general contractor for a 153.7k sf tenant improvement project at 7506 W. Lincoln St in Tolleson, AZ on behalf of MiTek. The additional space for MiTek is exp...
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• DB Capital Management Spends $16 Mil On 46-Unit Denver Res Asset
11/06/20
DB Capital Management has acquired Red Owl Apartments, a 46-unit community in Denver, for $16.2 mil ($352.2k/unit), marking the firm’s entry into the Denver market. Built in 2018, Red Owl Apartments is located at 90 S. Logan ...
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• Renovated Industrial Facility in Phoenix Trades
11/06/20
A 110.7k sf industrial property in the highly sought-after Phoenix Sky Harbor submarket was acquired by a global real estate investment advisor. The price was not given out.
Located at 225 S. 51st St, the property is just mi...
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• Montecito Medical Real Estate Buys AZ Medical Office Facility
11/05/20
Nashville-based Montecito Medical Real Estate purchased Southeast Valley Gastroenterology & Endoscopy Center, a 20.1k sf medical office facility in Chandler, AZ. The asset was sold by Southeast Valley Gastroenterology (SVEG),...
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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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