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• Owner/User Pays $13 Mil for AZ Warehouse/Manufacturing Facility
9/11/19
Mygrant Glass paid $13.15 mil for a 130.3k sf ($101/sf), warehouse and manufacturing building in Tempe, AZ. Mygrant will take occupancy of the facility, located at 550 W. Southern Ave, later this year.
The property was sold ...
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• Local Developer Buys 26k sf Retail Property in Downtown LA
9/11/19
A 25.8k sf retail property in Downtown Los Angeles was purchased for $10.25 mil ($397/sf) by 4D Development & Investment. The new owner plans to redevelop the property, located at 1201 S. Los Angeles Ave, into a retail, mixed...
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• AZ Industrial Infill Building Sells for $126/sf
9/10/19
A 128k sf industrial infill building in Tempe, AZ that is fully leased by the world’s largest express transportation company traded hands in a transaction priced at $16.2 mil, or $126.50/sf. The buyer was an out-of-state part...
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• Office Property in the Southeastern San Fernando Valley Trades at $347/sf
9/09/19
West Toluca Lake Plaza, a 20.2k sf creative office building in the southeastern San Fernando Valley community of Toluca Lake, was purchased by a private investor for $7 mil, or $347 per square foot, in an off-market transacti...
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• Hollywood Storefront Property Trades for $669/sf
9/06/19
A 12.1k sf, multi-tenant retail storefront property in Hollywood has sold for $8.1 mil, or $669/sf. Located at 7611 to 7623 Sunset Blvd, the two-building asset is situated on slightly more than a one-half-acre parcel of land ...
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• Dollinger Properties Spends $16 Mil on Two San Diego-Area Office Buildings
9/05/19
Two single-tenant office buildings totaling 60.1k sf of space in San Diego sold for $16 mil ($266/sf). The buildings, located at 8965 Balboa Ave and 3255 Camino Del Rio South, were purchased by Dollinger Properties as part of...
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• Carlos A.G. Vigon Teams Up with Tavaco Capital Management to Create New Investment Firm
9/03/19
Los Angeles commercial real estate executive Carlos A.G. Vigon, a former Senior Vice President with CBRE, has launched an investment firm focused on opportunistic real estate debt and equity investments in the United States. ...
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• Class A Industrial Project Started in Goodyear, AZ
9/03/19
New York-based Foundation Capital Partners (FCP) and Chicago-based Baker Development Corporation (BDC) have broken ground on a two-building, Class A industrial project called VB/143. Located in the heart of Goodyear, Arizona,...
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• Phoenix Retail Portfolio Sells in $21.5 Mil Deal
8/30/19
A retail portfolio comprising four metro Phoenix retail assets totaling 29k sf and three fully improved developable retail pads in Phoenix’s West Valley traded in a $21.45 mil transaction. An unnamed private family trust acqu...
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• AZ Biz Park Traded for $13.25 Mil
8/29/19
Scottsdale Airpark Corporate Center, a 101k sf, three-building flex office project in Scottsdale, AZ, was acquired by Hayden AWS Properties LLC and Dunbar SACC LLC in a recent $13.25 mil ($131/sf) transaction. The asset is lo...
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• Community Preservation Partners Has Acquired CO Affordable Housing Property with Plans for Extensive Renovation Work
8/28/19
Community Preservation Partners (CPP) has acquired and recapitalized Casa Del Sol, a 47-year-old, 154-unit affordable housing community in Pueblo, CA. The $22.6 mil project marks the developer’s entry into Colorado – its nint...
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• Two AZ Medical Office Buildings Fetch Over $11 Mil
8/27/19
Canvass Capital paid $11.27 mil for two AZ medical office buildings owned by SKI Properties. Together, the buildings total 31.4k sf ($359/sf) and are 100% leased by Southwest Kidney Institute (SKI) and a partnership between S...
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• Oregon Medical Office Building Snagged by a Private Investor for $10.75 Mil
8/23/19
Wilsonville Medical Plaza, a 24.1k sf medical office building in the Portland-area community of Wilsonville, OR, has sold for $10.75 mil ($446/sf). The asset was acquired in an all-cash transaction by a private investor in a ...
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• Investor Picks Up 106k sf Building in Goleta
8/23/19
A local investor purchased a 106.3k sf building on 6.9 acres in Goleta. Although the closing price was not released, we do know that the offering was listed for $35.5 mil, or $334/sf.
The facility, located at 6300 Hollister...
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• TX Medical Office Building Trades
8/22/19
Town Center Medical, a Class A building totaling 29.8k sf in Sugar Land, TX, was sold. The property, located at 16545 Southwest Fwy, is directly across from Houston Methodist Sugar Land Hospital, a 319-bed general acute care ...
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• Two Bay Area Multifamily Properties Trade in Deals Totaling Over $23 Mil
8/22/19
We’ve got two recent Bay Area multifamily sales with a combined price tag of $23.4 mil to report. One of the deals was in the East Bay, while the other was in Silicon Valley.
In the larger of the transactions, Terra Castro V...
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• Draftsmen & Craftsmen
8/21/19
Work has been completed on AC Hotel Los Angeles South Bay, a 98.7k sf, six-story hotel in the heart of El Segundo’s business district. The project is a development of Welcome Group Inc and was built by R.D. Olson Construction...
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• Passco Buys 384-Unit Multifamily Property in Texas
8/20/19
Passco Companies has acquired Boterra Bay Apartments, a Class A, 384-unit multifamily community in Baytown, TX. The price was not disclosed.
“While we’ve been bullish on the greater Houston area for some time due to its soli...
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• Lifestyle Res Complex Opens in Murrieta
8/19/19
Mitchell Place, a 230-unit, lifestyle apartment community in Murrieta, has been completed and has opened to the public. The new gated neighborhood, a development of MBK Rental Living, consists of 78 flats and 152 townhomes wi...
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• Trammell Crow Company to Build Spec Office Project in Scottsdale Airpark Submarket
8/16/19
Trammell Crow Company (TCC) Phoenix has unveiled plans for its newest development, Axis Raintree. The Scottsdale, AZ project will include a 175k sf, three-story, Class A speculative office building with a structured garage. C...
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