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• Acquisition of Two SoCal Properties Financed with $28.3 Mil Loan
10/20/20
An unnamed, high-net-worth investor has obtained $28.3 mil in financing for the purchase of two SoCal properties, one a medical office building in Tustin, and the other an industrial property in San Diego. The assets had a co...
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• Latest Building Completed at Research Forest Lakeside Office Complex in Texas
10/19/20
Construction has been completed on Research Forest Lakeside’s Building 9, a six-story, 134.9k sf, LEED Silver office building located at 9707 Lakeside Blvd in The Woodlands, TX. The property is owned by JD Warmack Woodlands L...
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• Renovated Phoenix Office Asset Traded in $16.75 Mil Transaction
10/15/20
The Fordham office complex, a 90.7k sf office property in Phoenix, sold for $16.75 mil, or $185/sf. The asset consists of two multi-tenant office buildings located at 1430 and 1440 E. Missouri Ave. The property was 92% leased...
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• New 145-Room Glendale Marriott Residence Inn is Finished
10/12/20
Glendale Marriott Residence Inn, a new, 145-room mission-style hotel in Glendale, has been completed. The project was built by R.D. Olson Construction on behalf of R.D. Olson Development. Project partners include architecture...
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• Phoenix Office Complex Purchased for $16.75 Mil by Cloud Peak Development
10/09/20
Cloud Peak Development LLC, based in Billings, Montana, paid $16.75 mil for Paradise Valley Plaza, a 100.2k sf ($167/sf) office complex in Paradise Valley (Phoenix), AZ. The property, which consists of three two-story buildin...
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• Phoenix Res Community Purchased by CA Investor in $16.75 Mil Transaction
10/09/20
La Estrella Vista Apartments, a 96-unit multifamily community in Phoenix, was purchased by a CA-based private investor for $16.75 mil, or $174k per unit. The property was sold by Next Wave Investors LLC, who acquired acquired...
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• CAI Investments LLC Buys Harrah’s Hotel and Casino in Reno with $26 Mil Loan Arranged by Highland Capital
10/08/20
CAI Investments LLC has acquired the Harrah’s Hotel and Casino in an opportunity zone in downtown Reno.
CAI plans on redeveloping the 1.3 msf, 900-room, two tower hotel and casino/commercial space into 528 multi-family uni...
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• CapRock Partners Picks Up Five Acres in North Las Vegas for Industrial Development
10/07/20
CapRock Partners has acquired a five-acre land site in North Las Vegas submarket for industrial development. The land was purchased from a commercial real estate investment firm for an undisclosed amount.
CapRock plans to us...
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• That Sure is a Purdy Building that Just Sold in Portland’s Rivergate Industrial District
10/07/20
The Purdy Brush Building, 95.5k sf, single-tenant facility in Portland’s Rivergate Industrial District, was sold by Oregon Transfer Company in a recent transaction. The building, located at 13201 North Lombard St, is the head...
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• LA-based JRK Property Holdings Expects to Complete $1.6 Bil in Deals by Year End
10/06/20
LA-based JRK Property Holdings, one of the largest multifamily landlords in the United States, has acquired a 538-unit apartment complex in the Washington, DC suburb of Gaithersburg, MD, as the first in a series of acquisitio...
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• Stevens-Leinweber Construction Selected to Complete TI Build-Out of 643.8k sf AZ Facility for MLILY
10/06/20
Phoenix-based general contractor Stevens-Leinweber Construction (SLC) has been selected to complete the 643.8k sf tenant improvement for MLILY at PV 303, a 1,600-acre master-planned business park in Goodyear, AZ. The park is ...
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• 90-Unit Res Property in Vancouver, WA Purchased for $20.5 Mil
10/05/20
Latitude 45, a 90-unit, newly constructed, garden-style apartment community in Vancouver, WA, has sold for $20.5 mil ($228k/unit). The acquisition was financed with a loan of $11.275 mil.
Latitude 45 is located at 11202 N.E....
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• Renovation Work Well Underway at Phoenix Office High-Rise
10/02/20
ScanlanKemperBard (SKB) and capital partner Black Salmon have started work on the final phase of renovations at 101 North, the second-tallest high-rise in downtown Phoenix. The upgrades, which encompass all of the building’s ...
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• Trammell Crow Company and Principal Real Estate Investors Complete AZ Industrial Development
10/02/20
Gilbert Gateway Commerce Center, a 416.6k sf, three-building Class A industrial development in Gilbert, AZ, has been completed. The project is a development of Trammell Crow Company and Principal Real Estate Investors.
A nat...
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• Waterford Property Company Spends $18.6 Mil on Covina Retail Asset
10/01/20
Waterford Property Company has purchased Marketplace at the Lakes, a 95.6k sf, value-add retail project located on seven acres of land off the 10 Fwy in West Covina. The center was sold by CIM Group in an $18.6 mil ($195/sf) ...
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• MIG Real Estate Acquiring NoCal and SoCal Opportunity Zone Development Sites
10/01/20
MIG Real Estate has opened escrow on two new Opportunity Zone ground-up multifamily development projects in California: a 140-unit rental residence in the central core of Hollywood and a 240-unit rental residence in Fremont. ...
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• New $71.5 Mil Science & Innovation Building at CSU Dominguez Hills is Finished
9/29/20
California State University, Dominguez Hills’ new $71.5 mil Science & Innovation Building has been completed. The 87k sf facility features state-of-the-art laboratories, faculty offices and classrooms that will help prepare t...
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• Black Creek Group Buys 241k sf Industrial Facility in the Bay Area
9/28/20
In Livermore, Black Creek Group purchased a 241.6k sf, Class A industrial property from Crow Holdings Industrial. The price was not given out.
The facility, located at 7600 Hawthorne Ave, was completed in 2019. The property ...
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• Sacramento Apartment Property Goes for $178k/Unit
9/28/20
The Davenport, a 126-unit multifamily property in Sacramento, traded hands in a recent $22.5 mil ($178.5k/unit) deal. The property is located at 941 43rd Ave, north of Riverside Ave and west of I-5.
The seller, an affiliate ...
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• Strategic Office Partners Spends $15.5 Mil on OR Biz Park
9/25/20
Strategic Office Partners paid $15.5 mil for Beaverton Creek V, a two-building, flex office portfolio in Beaverton, OR, a suburb of Portland. The asset was sold by Gloria Y Gee Living Trust et al.
The park has convenient acc...
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