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December 10, 2023
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• Las Vegas Industrial Park Trades for $6 Mil
Windy Road Warehouses, a 19.2k sf, four-building industrial park in Las Vegas, was acquired by a private investor in a recent $5.95 mil transaction. Built in 1988, the property is located at 6460 – 6478 Windy Rd in the highly...
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• Stanford University Awards 1.1 msf Office Portfolio and 7 msf Ground Lease Portfolio to Cushman & Wakefield
Stanford University has awarded a 14-building, 1.1 msf office portfolio in addition to a 7 msf NNN ground lease portfolio to Cushman & Wakefield’s Northern California Asset Services team. The properties are located in one of ...
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• Utah Ski Resort/Residence Listed for $50 Mil by Iluminous Group
Iluminus Group is selling a 17.5k sf, five-acre luxury ski-in/ski-out property in Park City, UT. The estate is in the exclusive Colony at White Pine Canyon gated community and is tucked into the mountains at the base of Monit...
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• $16.8 Mil Sandi Simon Center for Dance Completed at Chapman University
Chapman University has completed construction of its Sandi Simon Center for Dance, a project that involved the adaptive reuse of an historic Villa Park Orchards (VPO) packing house originally built in 1918. The work was done ...
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• Lew Horne to be Inducted into NAIOP SoCal Hall of Fame
Lewis “Lew” C. Horne, a well-respected leader in the commercial real estate industry and greater Los Angeles and Orange County business community, will be inducted into NAIOP SoCal’s Hall of Fame as part of the organization’s...
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• Las Vegas Land Parcel Sells for $8 Mil
A 5.98-acre land parcel in Las Vegas traded for $8 mil, The site, located at 5095 E. El Campo Ave, is zoned for industrial use and provides easy access to Interstates 15 and 215. The parcel is Union Pacific Railroad rail ad...
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• Ally Investments Pays $140/sf for Vegas Office Building
California-based Ally Investments Inc paid $15.25 mil for City Centre Place, a 109.2k sf ($140/sf) office building in Downtown Las Vegas. Located at 400 S. Fourth St, City Centre Place is a Class A, six-story, multi-tenant bu...
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• Work Started on Latest Facility at 435-Acre Campus Adjacent to Phoenix-Mesa Gateway Airport
SkyBridge Arizona has broken ground on SkyBridge Building 109, the latest addition to its 435-acre mixed-use project immediately adjacent to the runway at Phoenix-Mesa Gateway Airport in Mesa, AZ. Building 109 is the first o...
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• Leases by Vartega and Alliant Power Bring Denver Industrial Campus to 54% Leased
Two new tenants – Vartega and Alliant Power -- are joining Pecos Logistics Park, a 1.15 msf, Class A industrial development in Denver. The two new leases bring the project to 54% leased. Vartega, a recycler of lightweight c...
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• Work Started on New 123k sf Flex Building for Rinchem Company in Surprise AZ
Graycor Construction Company has begun work on a new, 123.5k sf flex industrial facility in Surprise, AZ for Rinchem Company LLC, the world’s largest network of chemical and gas distribution centers. The new facility will be ...
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• Patricia Loveall and Jason Rosauer Join CBR in Seattle
Patricia Loveall, SIOR, and Jason Rosauer have joined the Seattle office of CBRE as Executive Vice Presidents. The team specializes in the leasing and sale of industrial properties, as well as the sale of office and land deve...
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• Tyler Grisham and Maddox Graham Join SRS Real Estate Partners
Tyler Grisham and Maddox Graham have joined SRS Real Estate Partners, in the firm’s Dallas office. Grisham has been named Senior Vice President and Managing Principal, while Maddox Graham will serve as First Vice President. ...
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• Cityview Underway of 243-Unit Workforce Housing Project in L.A.’s Historic Filipinotown District
Cityview is looking at a fourth quarter 2023 completion for Belle on Bev, a 243-unit workforce housing project in Los Angeles’ Historic Filipinotown (HiFi) District. The mixed-use, LEED Silver project, located at 1800 Beverly...
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• AZ Logistics Facility Goes for $451/sf
An unnamed California family trust acquired a 49.5k sf, logistics facility in Tucson in a recent $22.3 mil ($451/sf) transaction. The last-mile distribution property, located at 775 W. Silverlake Rd, is fully leased to a Fort...
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• Hawkins Companies Lands $56 Mil in Construction Money for Idaho Res Project
Hawkins Companies secured $56 mil in construction financing for the development of Canyon Ridge, a five-building, 287-unit multifamily project located at 2454 E Gowen Rd in Boise, Idaho. The lender is Sunwest Bank. Canyo...
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• Recent Signings Bring Building 1 at Denver Biz Park to Fully Leased
There have been two new leases totaling roughly 57k sf at Central Park Business Center, a recently constructed Class A industrial park in Denver. In one of the deals, restaurant supply company Trimark leased 34.3k sf, while i...
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• Harbor Bay Ventures Picks Up Development Land in Salt Lake City’s Sugar House Neighborhood
Northbrook, IL-based Harbor Bay Ventures has acquired a 1.22-acre multifamily development site in Salt Lake City, UT. Known as the Wells Fargo office building, the property is located in the heart of the city’s popular Sugar ...
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• Lincoln Property Company Announces New Plan for Growth and Succession
Lincoln Property Company Commercial announced a growth and succession plan that includes the appointment of a new generation of executive leadership and a major investment by funds managed by Stone Point Capital LLC. Lincol...
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• LaSalle Investment Management Buys 600k sf Industrial Facility in Otay Mesa
LaSalle Investment Management has purchased a 601.1k sf, multi-tenant industrial building in San Diego’s Otay Mesa submarket. Situated on over 31 acres at 2020 Piper Ranch Rd, the property has direct access to the US-Mexico b...
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• 354k sf Former Regional Mall in Alaska Offered for Sale
Here’s news of an interesting retail redevelopment opportunity in Alaska, as Northway Mall, a former regional mall in Anchorage, has been put on the market. The property, now referred to as North Pointe, is located at 3101 P...
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