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• Work Completed on New Waugh Student Center at Vanguard University in Costa Mesa
4/02/20
Work was just completed on the new Waugh Student Center at Vanguard University in Costa Mesa. Located at the heart of the campus, the new 35k sf interior and 7.5k sf exterior deck, two-story, steel-frame student center create...
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• 2020 Huntington Beach Medical Office Property Sells for $20 Mil
3/31/20
Bella Terra Medical Plaza, a four-story, 59.4k sf off-campus medical office building in Huntington Beach, traded hands in a $20 mil ($337/sf) transaction. The asset was sold by Vibe Boutique Office Properties and acquired by ...
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• Transwestern Development Company and Diamond Realty Investments Buy 20 Acres for TX Industrial Project
3/26/20
Transwestern Development Co, in a joint venture with Diamond Realty Investments, has acquired a 20.83-acre site at the intersection of West Dairy Ashford and Airport Blvd in Sugar Land, TX. The firm plans to develop a two-bui...
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• Darwin German Real Estate Acquires 255-Unit TX Multifamily Asset
3/25/20
Darwin German Real Estate purchased Gold Creek Apartments, a 255-unit, Class A multifamily property in Dallas, TX. The deal was funded with $27.4 mil in debt and equity financing arranged by LA-based Nova Capital.
Built in 2...
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• Strong Demand Has MJW Investments Boosting New Fund to $500 Mil
3/25/20
MJW Investments is creating a $500 mil investment fund focused on value-add multifamily and student housing, co-GP/JV opportunities and distressed debt/note sales.
According to the company, the size of the fund has been inc...
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• Meta Housing Corporation and Western Community Housing Finish 33-Unit Affordable Housing Project in L.A.
3/24/20
Meta Housing Corporation and Western Community Housing Inc have completed work on Metro @ Western, a 33-unit transit-oriented, affordable apartment community in Los Angeles. The project offers a mix of one-, two-, and three-b...
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• Las Vegas Apartment Property Trades in $35 Mil Deal
3/20/20
Altura on Duneville, a 228-unit apartment project located in Las Vegas, has sold for $35.5 mil, or $155.7k/unit. It is located at 5050 Duneville St, within a few miles of the Las Vegas Strip in the Spring Valley submarket.
...
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• OC Entity Pays $182/sf for AZ Office Property
3/18/20
A 32.4k sf, Class A office/flex building in Tempe, AZ sold for $5.9 mil, or $182/sf. The property, located at 914 S. 52nd St, was purchased Anaheim-based Crowne Pointe Equity LLC.
The property sits on 2.36 acres and is 100% ...
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• Champion Real Estate Company Spends $14 Mil on Student Housing Community
3/16/20
Champion Real Estate Company has acquired a 47-unit, potential 102-bed, student housing community in Los Angeles for $14.1 mil ($300k/unit). The property, located at 2353 Portland St, near the University of Southern Californi...
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• Entrada Partners Buys 152k sf Texas Office Building
3/13/20
Entrada Partners has purchased Travis Park Plaza, a 151.7k sf, Class A office building and a six-story garage in San Antonio. The price was not disclosed.
Built in 1970 and later renovated in 2001 and 2019, the seven-story, ...
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• Historic Building in Downtown Los Angeles Sells for $500/sf
3/12/20
Main Street Trading Group LLC paid $8.2 mil for the historic Farmers & Merchants Bank building in downtown Los Angeles. Originally constructed in 1904, the 16.4k sf ($500/sf) building is located at 401 S. Main St, in the Hist...
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• CBRE Global Investors Fund Buys Last Mile Facilities in Phoenix and Orlando
3/11/20
A fund sponsored by CBRE Global Investors has acquired two fully leased built-to-suit last-mile distribution facilities in Phoenix and Orlando. These acquisitions are part of a broader strategy of the fund to invest in target...
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• New Culver City Multifamily Project Set to Open to the Public
3/11/20
Trion Properties has completed its first ground-up development project -- a 28-unit, multifamily community in Culver City. The project, called 5012 Apartments, represents Trion’s expansion from value-add multifamily renovatio...
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• Vegas Office Building Trades for $3.85 Mil
3/09/20
A freestanding 37.7k sf office building in Las Vegas sold for $3.85 mil, or $102/sf. Located at 6425 W. Sahara Ave, the property was sold by Equity Partnership Property Management LLC.
Built in 1995, the two-story, multi-ten...
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• Temecula Biz Campus Traded in $11 Mil Deal
3/06/20
A Los Angeles-based private investor acquired Temecula Corporate Park, an 86.9k sf, multi-tenant office and industrial park in Temecula, in a recent $10.9 mil transaction. The property is located at 43379, 43385, 43391 and 43...
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• Lincoln Property Company Breaks Ground on AZ Biz Campus Slated to Hold up to 4.5 msf at Full Build-Out
3/06/20
Lincoln Property Company has broken ground on the first building at Park303, a major industrial master-planned development that at build-out will accommodate up to 4.5 msf of ultra-modern, freeway-fronting Class A industrial ...
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• Ashland Pacific and Integrated Capital Management Team Up in Venture to Acquire West Coast Student Housing Properties
3/05/20
Ashland Pacific and Integrated Capital Management have formed a joint venture that will focus on acquiring and managing $150 mil of student housing properties on the West Coast. Ashland Pacific will be the managing member of ...
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• Phoenix Industrial Property Goes for $140/sf
3/04/20
A fully-leased, 82.7k sf industrial property in Phoenix traded hands for $11.55 mil, or $140/sf. The property is located at 5150 S. 48th St, a few blocks from I-10 and Hwys 60 and 143.
The building was constructed as a build...
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• Portland Area Industrial Asset Trades in $11 Mil Deal
3/04/20
Myers Container Building, a 181.3k sf industrial facility on 15 acres in the Portland area, was purchased for by $11.2 mil ($62/sf) by a joint venture between The Specht Company and the owner/operators of the Myers Container ...
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• Development of Medical Office Building in Willowbrook is Completed
3/02/20
Work has been completed on a new, 52k sf medical office building, which will be known as the MLK Community Health Building, in Willowbrook, an unincorporated community in central Los Angeles, adjacent to the 105 and 110 Freew...
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