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• Two Phoenix Industrial Properties Acquired for $25 Mil
1/08/20
Phoenix-based Harrison Properties closed out 2019 with the purchase of two North Phoenix industrial parks located in the I-17 Corridor for a total of $25 mil. The two multi-tenant, industrial business parks, Gateway Corporate...
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• Healthpeak Properties to Start Work on 195k sf Lab / Office Campus in Torrey Pines
1/06/20
Healthpeak Properties has broken ground on The Boardwalk, a 195k sf, Class A lab and office campus in Torrey Pines. Healthpeak, an Irvine-based REIT, owns more than 25 msf of R&D and office buildings throughout the U.S.
Loca...
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• Temecula Industrial Asset Trades in $9.35 Mil Deal
1/06/20
Kiwi II Construction paid $9.35 mil for a 102.3k sf ($91/sf), industrial distribution/warehouse building in Temecula. The property, located at 40761 County Center Dr, was sold by Hill Properties/Rustica-Hill Temecula LLC.
Bu...
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• Curry Supply Company Buys 55k sf Flex Building in Gilbert, AZ
1/03/20
Curry Supply Company, out of Martinsburg, PA, has acquired a 55.4k sf flex industrial/office building in Gilbert, AZ. Curry Supply acquired the property from Silent-Aire of Edmonton, Alberta, Canada.
Situated on 3.16 acres ...
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• MJW Investments Buys 71-Unit Multifamily Property in Washington
1/03/20
Santa Monica-based MJW Investments has acquired View Ridge Apartments – a 71-unit multifamily community in Burien, WA – in an off-market transaction. The property is located at 12311 Ambaum Blvd SW.
The property – which has ...
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• Glencrest Group and Angelo, Gordon & Co, L.P. Refinance 180-Unit Bay Area Res Community
1/02/20
A joint venture between Glencrest Group and Angelo, Gordon & Co, L.P. has obtained refinancing of $34.5 mil on Waterscape Apartments, a 180-unit, garden-style apartment community in Fairfield, CA. The loan was arranged by JLL...
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• PTLA Real Estate Group Buys Portland Mixed-Use Asset
1/02/20
PTLA Real Estate Group, out of Walnut Creek, purchased ArtHouse, a mixed-use property located at 33 NW Park Ave in Portland. The price was not disclosed.
Built in 2013, the property offers 3k sf of ground floor retail for up...
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• Tower 16 Capital Partners and HG Capital Pay $65k/Unit for Phoenix Res Property
12/31/19
San Diego-based Tower 16 Capital Partners, in partnership with HG Capital, has acquired Lilly Garden Apartments, a 180-unit multifamily project in Phoenix. The property was acquired on an off-market basis from a private selle...
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• Kennedy Wilson Has Secured $775 Mil of Capital Commitments for Its Fund VI
12/31/19
Kennedy Wilson has exceeded its target, securing $775 mil of capital commitments, and closed fundraising for Kennedy Wilson Real Estate Fund VI (“Fund VI”), a private equity fund focused on value-add real estate investments a...
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• Shamrock Acquisitions Lands $69 Mil in Construction Money for Merced Housing Development
12/30/19
Shamrock Acquisitions LLC has obtained $68.75 mil in construction financing for an 885-bed student housing development in Merced, CA. The funding was provided by an affiliate of Mosaic Real Estate Credit (MREC).
The 270-unit...
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• Phoenix Office Building Purchased for $150/sf
12/27/19
A 35.3k sf, office property in central Phoenix’ Midtown market has sold for $5.3 mil ($150/sf). The property is located at 702 E. Osborn Rd, on the northeast corner of Osborn and 7th St.
Constructed in 1984, the two-story bu...
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• 100k sf Retail Property in Coastal NoCal Trades Hands
12/26/19
GRI Fairmont, LLC, an affiliate of First Washington Realty Inc, has purchased Fairmont Shopping Center, a 103k sf shopping center anchored by Safeway in the Bay Area. The property is situated on 7.46 acres at 705-799 Hickey B...
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• Commercial Real Estate Financing Briefs
12/24/19
JLL - Olga Walsh and Daniel Pinkus with JLL have arranged $50 mil in financing for Pierside, a two-building, mixed-use property with 176 residential units and approximately 17k sf of retail space in Oceanside. Pierside was co...
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• Protea-Primewes Spends $9 Mil on Kearny Mesa Office Building
12/23/19
Protea-Primewes purchased a 43.9k sf office building in Kearny Mesa for $8.95 mil, or $204/sf. It was sold by Massachusetts-based REIT Office Properties Income Trust.
Originally constructed in 1986 and renovated in 2001, t...
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• Kearny Mesa Office Building Sold to IDS Real Estate in $23.75 Mil Deal
12/20/19
IDS Real Estate Group purchased a 148.5k sf office building in San Diego’s Kearny Mesa area for $23.75 mil ($160/sf). The asset was sold by Massachusetts-based real estate investment trust Office Properties Income Trust.
Loc...
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• Sprouts Farmers Market-Anchored Center in Scottsdale, AZ Trades
12/20/19
The Shops at Gainey Village, a 138.5k sf, Sprouts Farmers Market-anchored urban village in Scottsdale, AZ, was acquired by an entity formed by Global Retail Investors. It was sold by Gainey Village Retail Center LLC (an entit...
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• Omninet Capital Buys Office/Medical Property in Oxnard
12/19/19
Omninet Capital LLC purchased Solar Drive Business Park, a 136.7k sf, Class A three-building office/medical office property in Oxnard. The property is located at 1901, 2001 and 2051 North Solar Dr, south of Hwy 101 and west o...
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• L.A. Area Multifamily Portfolio Financed with $35.6 Mil in Fannie Mae Money
12/19/19
Berkadia arranged $35.6 mil in financing, including an $18.1 mil cash out, on a 10-property, 305-unit multifamily portfolio in the Los Angeles area. The properties are located in Los Angeles, Santa Monica and the San Fernando...
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• Affordable Housing Property in Seattle’s Downtown Sells for $146k/Unit
12/18/19
Cadence Real Estate paid $13 mil for The Lowman Building, an 89-unit ($146k/unit) affordable housing property in Seattle. The property is located at 107 Cherry St, west of I-5 between downtown and Pioneer Square.
Built in 19...
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• Oceanside Biz Park Attracts $20 Mil Buyer
12/17/19
Copperwood Center, a 141k sf industrial park in Oceanside, was acquired by Newport Beach-based CB Copperwood LLC for $20.05 mil, or $142/sf. Located at 3365, 3375 and 3385 Mission Ave, and 101, 102, 105, 106 and 110 Copperwoo...
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