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• Dixxon Flannel Co Buys Showroom/Warehouse Facility in Tempe
11/08/19
Dixxon Flannel Co spent $4.5 mil on a 48k sf ($94/sf) retail warehouse/showroom property in Tempe, AZ. Dixxon, an apparel company, is relocating and expanding from a smaller property, also in Tempe.
The two-story property si...
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• L.A. Westside Residential Purchased for Redevelopment Opportunity in $6 Mil Deal
11/08/19
An eight-unit multifamily property in the L.A. westside community of Westwood has sold for $5.95 mil. The property is located at 2027 and 2031 S. Beverly Glen, midway between Santa Monica and Olympic Blvds, in one of the most...
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• Continental Development Secures $55 Mil Refi on 206k sf Property
11/07/19
Continental Development has obtained a $55 mil refi loan on a 206k sf office/retail property situated within Continental Park, an 86-acre, master-planned mixed-use campus along the Rosecrans corridor on the border of El Segun...
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• Chris Burns Promoted to Executive Vice President at Duke Realty Corp
11/05/19
Chris M. Burns has been promoted to Executive Vice President at Duke Realty Corporation, overseeing its West and Central regions. In his new role, Chris will oversee real estate operations in the company’s central and west Re...
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• Port of Everett Buys Former Kimberly-Clark Mill Property
11/05/19
The Port of Everett has purchased the 58.43-acre Kimberly-Clark mill property on the Everett waterfront in Everett, WA. The property was acquired from Kimberly-Clark Worldwide, along with another Kimberly-Clark-owned site nor...
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• US Storage Centers Buys 649-Unit Self-Storage Facility in Bakersfield
11/04/19
US Storage Centers has acquired a 649-unit, 118.6k sf self-storage facility in Bakersfield. The property is located at 3813 Mesa Grande St, adjacent to the California State Route 99 Fwy.
The facility features climate-control...
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• Work Finished on Marina del Rey Live/Work Campus
11/01/19
Work has been completed on INclave, a dynamic live-work-play campus in the Marina Arts District of Marina del Rey. Located at 4061-4065 Glencoe Ave, INclave comprises 65k sf of tech savvy, amenity- rich creative office space...
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• Historic Office Building in Downtown L.A. Hits the Market
11/01/19
Farmers & Merchants Bank, a historic, 16.4k sf creative office property in downtown Los Angeles, has been listed for sale. The property, located at 401 S. Main St, at the corner with Fourth in the historic core of the Downtow...
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• Greystone Provides $33.7 Mil Refi Loan on Long Beach Area Mobile Home Community
10/31/19
Greystone has provided a $33.7 mil Freddie Mac refi loan on Belmont Shores Mobile Estates, a 347-unit age-restricted manufactured housing and mobile home community in Long Beach. Located within the beach community in Californ...
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• Construction Breaks Ground on First Buildings at SkyBridge Arizona
10/30/19
SkyBridge Arizona and Graycor Construction Company have broken ground on the first two buildings at SkyBridge Arizona. The major master-planned development will serve as the nation’s first-ever joint U.S. and Mexico inland po...
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• MJW Property Group Closes $90 Inland Empire Res Buy
10/29/19
In a recent Inland Empire multifamily buy, MJW Property Group purchased The Enclave at Menifee, a 336-unit res property in Menifee, in a deal said to be worth just over $90 mil ($268k/unit). Built in 2007, the property is loc...
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• Sacramento-Area Office Property Sells for $23.7 Mil
10/29/19
Iron Point LLC has purchased Natoma Station Corporate Center, a Class A, 102.8k sf multi-tenant office property in Folsom, about 20 miles east of Sacramento, for $23.7 mil, or $230/sf. Iron Point plans to occupy a portion of ...
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• Trion Properties and The Ketter Group Acquire Dev Site in L.A.’s Mid-Wilshire
10/28/19
Trion Properties and joint venture partner The Ketter Group have acquired a land parcel in L.A.’s Mid-Wilshire area for $7.35 mil. The land, which was previously entitled for 45 units, will be used for residential development...
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• Nexus Properties Refinances WA Life Science Complex
10/25/19
Nexus Properties Inc has secured $19.92 mil in refi money for Nexus Canyon Park Research Center, a 152k sf Life Science/Flex/R&D building in the suburban Seattle community of Bothell, WA.
Nexus Canyon Park Research Center i...
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• 196-Acre Land Buy Enables AZ Industrial Development to Support Up to 4.5 msf of Construction
10/24/19
A 196-acre land purchase made by a joint venture between Lincoln Property Company (LPC), Ken Roth/Roth Development Corporation and Scottsdale Investment Management LLC has expanded LPC’s just-announced Park303 industrial proj...
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• Passco Companies Purchases 313-Unit Texas Res Property
10/24/19
Passco Companies has acquired Lakeview Villas, a 313-unit luxury community located at 2090 Sundance Pkwy in New Braunfels, TX, which has been recognized as the second fastest-growing city in the nation for the past two years,...
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• Olen Properties Recapitalizes Multi-State Res Portfolio with $567 Mil in Financing
10/24/19
Newport Beach-based Olen Properties has obtained $567 mil in funding for the recapitalization of a portfolio of multifamily properties located in Florida, Georgia and Nevada. Don Curtis, Hunter Curtis and Taylor Curtis with G...
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• Score One for Chase Center
10/23/19
By Brian Libby
This year, the NBA’s Golden State Warriors are playing their first season in San Francisco after departing their longtime home, Oracle Arena in Oakland, for the new Chase Center.
Part of a $1.4 bil developmen...
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• Sares Regis Group of Northern California Acquires Land for South San Francisco Multifamily Development
10/23/19
San Mateo-based Sares Regis Group of Northern California (SRGNC) has closed escrow on five parcels of land in South San Francisco adjacent to the new Cadence luxury apartment community for an upcoming second phase of the proj...
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• Transwestern Lands Leasing Assignment for New Building at Phoenix Biomedical Campus
10/22/19
Wexford Science & Technology LLC has awarded the leasing assignment for the new Wexford Innovation Center in Phoenix to Transwestern Commercial Services (TCS). The Class A, 227.1k sf property, located at 850 N. Fifth St, serv...
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