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• Washington Res Development Secures $25 Mil in Construction Money
9/13/24
Saltese Creek, a new 192-unit multifamily project in Spokane Valley, WA, has landed $25.3 mil in construction financing. The project, located just south of the intersection of S Tschirley Rd and E 6th Ave, is being developed ...
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• Mark IV Capital Receives LEED Certification for Recently Completed 815k sf Industrial Facility in Nevada
9/12/24
Mark IV Capital’s recently constructed Building A, a Class A, 815.2k sf industrial asset at Victory Logistics District in Fernley, NV, has received Leadership in Energy and Environmental Design (LEED) certification from the U...
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• Spokane, WA Res Development Lands $33 Mil in Construction Money
9/12/24
Construction financing of $33 mil has been secured for development of Kōz on West 4th Ave, a 210-unit, six-story multifamily apartment project that just got underway in downtown Spokane, WA. The project, being developed ...
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• WNC & Associates Closes $120 Mil Multifamily Equity Fund
9/12/24
WNC & Associates (WNC) has closed WNC Institutional Tax Credit Fund X California Series 21 L.P. (Fund CA21), which includes six multifamily properties across California. Fund CA21, a $120 mil equity fund, closed in August 202...
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• Multifamily Property in Manteca, CA Sells for $268k/Unit
9/12/24
A SoCal-based private investor has acquired Laurel Glen, a 152-unit multifamily property in Manteca, a Northern California city of 84,000 people situated directly east of San Francisco, roughly midway between Stockton and Mod...
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• 200-Unit Res Asset in Washington State Trades Hands
9/11/24
Heronfield, a 202-unit core-plus multifamily property in Kirkland, WA, traded hands in a recent transaction.
Heronfield, located at 11105 NE 123rd Lane, features one-, two- and three-bedroom units averaging 939 sf in size. T...
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• Rectangle Investment Management Buys 40k sf Industrial Building in Phoenix
9/10/24
Denver-based Rectangle Investment Management (“Rectangle”) has acquired a 39.6k sf industrial building at 20 S. 69th Ave in Phoenix. The price was not disclosed.
The property is fully leased to Action Gypsum Supply, a key re...
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• La Terra Development Lands $18 Mil in Construction Money for New Self-Storage Project in the San Fernando Valley
9/10/24
LaTerra Development has obtained $18.2 mil in construction financing for the development of Raymer Self Storage, a fully entitled, 65.2k sf, self-storage facility in the central San Fernando Valley community of Van Nuys. JLL ...
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• Two San Gabriel Multifamily Properties Sell in Separate Deals Totaling Over $6 Mil
9/09/24
Two multifamily communities totaling 18 units in the San Gabriel Valley recently traded hands in deals worth just over $6 mil. The properties are located in Azusa and Arcadia.
In one of the deals, a 10-unit property at 1205 ...
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• T&T Supermarket to Open First CA Store in San Jose
9/05/24
T&T Supermarket Inc is opening their first store in California, at Westgate Center in San Jose. The new 55k sf store, located at 1600 Saratoga Ave, is set to open in fall 2025.
Bay Area residents will recognize its location...
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• Henry’s Gymnasium Leases Boylston Garage Property in Seattle’s Capitol Hill District
9/04/24
Henry’s Gymnasium recently inked a lease for all three floors of the newly renovated Boylston Garage in Seattle’s Capitol Hill district. The building, located at 1617 Boylston Ave, is owned by Asana Partners.
The club’s gra...
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• Helix Properties Buys 77k sf AZ Medical Office Building
8/29/24
Helix Properties purchased Gateway Medical Center, a 77.4k sf, multi-tenant medical office building in Phoenix, for $7.2 mil, or $93/sf. The two-story structure, located at 690 N Cofco Center Court, was approximately 35% leas...
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• Stylish Interior Design Installation Completed at Res Community in L.A.’s Filipinotown
8/27/24
Nadia Geller Designs (NGD) has completed the interior design installation at Belle on Bev, a mixed-use multifamily community owned and managed by developer Cityview in Los Angeles’ culturally rich Historic Filipinotown (HiFi)...
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• Longpoint Realty Partners Buys 69k sf AZ Industrial Facility in $17 Mil Deal
8/26/24
Boston based Longpoint Realty Partners acquired a newly renovated, 68.8k sf single-tenant industrial property in Gilbert, AZ for $17 mil ($247/sf). The building sits on roughly five acres at 1503 West San Pedro St.
The build...
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• San Diego-Based Discovery Property Group Becomes an Affiliate of SPERRY
8/26/24
Discovery Property Group Inc, out of San Diego, is joining real estate services firm SPERRY as an affiliate under the name Sperry-Discovery Commercial. Led by co-founders and brothers Mark Powell and Frank Powell, Sperry-Disc...
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• California State Senate Passes Assembly Bill 2904.
8/22/24
This report was provided by NAIOP SoCal
In an historic achievement for NAIOP SoCal, the California State Senate unanimously passed Assembly Bill 2904 with a vote of 39 to 0. This milestone marks the first time in the associa...
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• Foxx Development Doubles Its Space at Otay Mesa Biz Park with New Lease for 50k sf
8/22/24
Foxx Development Inc signed an expansion lease for an additional 50.6k sf of Class A industrial space at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket. Foxx Development is an Irvine-based company whic...
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• CRE Finance Veterans Launch Arcus Harbor in a strategic partnership with Lument
8/19/24
Commercial real estate veterans Kristen Croxton, Greg Reed, Andrew Kwok, and Tina Quirin have launched Arcus Harbor Real Estate Capital, a financing platform designed to provide advisory services and execution to CRE investor...
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• Bay Area Warehouse Trades in $35 Mil Transaction
8/16/24
In a quick brief on a Bay Area industrial trade, TPM Davis LLC acquired a Hayward warehouse asset in a $35 mil deal. The 132k sf ($265/sf) property includes 1.4k sf of office space.
The property sits on roughly five acres at...
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• Unique Mixed-Use Property in Desirable San Francisco Neighborhood Hits the Market
8/16/24
We’ve learned of an interesting investment opportunity that’s come up in San Francisco’s Duboce Triangle neighborhood. The listing is for a 19k sf, architecturally unique mixed-use building originally built in 1919.
Currentl...
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