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• Trion Properties and The Ketter Group Acquire Dev Site in L.A.’s Mid-Wilshire
10/28/19
Trion Properties and joint venture partner The Ketter Group have acquired a land parcel in L.A.’s Mid-Wilshire area for $7.35 mil. The land, which was previously entitled for 45 units, will be used for residential development...
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• Nexus Properties Refinances WA Life Science Complex
10/25/19
Nexus Properties Inc has secured $19.92 mil in refi money for Nexus Canyon Park Research Center, a 152k sf Life Science/Flex/R&D building in the suburban Seattle community of Bothell, WA.
Nexus Canyon Park Research Center i...
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• 196-Acre Land Buy Enables AZ Industrial Development to Support Up to 4.5 msf of Construction
10/24/19
A 196-acre land purchase made by a joint venture between Lincoln Property Company (LPC), Ken Roth/Roth Development Corporation and Scottsdale Investment Management LLC has expanded LPC’s just-announced Park303 industrial proj...
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• Passco Companies Purchases 313-Unit Texas Res Property
10/24/19
Passco Companies has acquired Lakeview Villas, a 313-unit luxury community located at 2090 Sundance Pkwy in New Braunfels, TX, which has been recognized as the second fastest-growing city in the nation for the past two years,...
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• Olen Properties Recapitalizes Multi-State Res Portfolio with $567 Mil in Financing
10/24/19
Newport Beach-based Olen Properties has obtained $567 mil in funding for the recapitalization of a portfolio of multifamily properties located in Florida, Georgia and Nevada. Don Curtis, Hunter Curtis and Taylor Curtis with G...
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• Score One for Chase Center
10/23/19
By Brian Libby
This year, the NBA’s Golden State Warriors are playing their first season in San Francisco after departing their longtime home, Oracle Arena in Oakland, for the new Chase Center.
Part of a $1.4 bil developmen...
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• Sares Regis Group of Northern California Acquires Land for South San Francisco Multifamily Development
10/23/19
San Mateo-based Sares Regis Group of Northern California (SRGNC) has closed escrow on five parcels of land in South San Francisco adjacent to the new Cadence luxury apartment community for an upcoming second phase of the proj...
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• Transwestern Lands Leasing Assignment for New Building at Phoenix Biomedical Campus
10/22/19
Wexford Science & Technology LLC has awarded the leasing assignment for the new Wexford Innovation Center in Phoenix to Transwestern Commercial Services (TCS). The Class A, 227.1k sf property, located at 850 N. Fifth St, serv...
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• Eldridge Investments Leads $300 Mil Equity Investment in Kennedy Wilson
10/21/19
Eldridge Industries has led a $300 mil strategic investment in Beverly Hills-based real estate firm Kennedy Wilson. Kennedy Wilson expects to use the proceeds to pay down unsecured debt, including repaying its unsecured bank ...
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• Crowne Pointe Equity Picks Up OC Office Asset for $17 Mil
10/17/19
Crowne Pointe Equity acquired a 45.2k sf office building in Brea for $17 mil, or $376/sf. The two-story, newly renovated office property is located at 130 S. State College Blvd in North Orange County.
The campus features on...
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• BKM Capital Partners Spends $14.75 Mil on Denver Distribution Complex
10/15/19
BKM Capital Partners has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150.2k sf in the Central East I-70/Montbello submarket of...
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• Mitchell Company Closes $29 Mil OC Industrial Buy
10/15/19
In a recent OC industrial buy, Mitchell Company paid $28.9 mil for a fully occupied, single-tenant light industrial/R&D building in Tustin. The 117.8k sf ($245/sf) facility, located at 2441 Michelle Dr, is leased to Canon Med...
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• AMC Theatres’ 14-Screen Multiplex in South San Diego County Sells for $32 Mil
10/14/19
The AMC Theatres’ 14-screen multiplex at Palm Promenade, a popular movie and entertainment mecca located adjacent to one of the largest regional retail centers in south San Diego County, has sold for $32.3 mil. The buyer was ...
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• Virtus Real Estate Capital Makes $20 Mil San Diego Area Office Buy
10/11/19
Virtus Real Estate Capital purchased Sunroad Plaza, a 71.9k sf office campus in San Diego’s Rancho Bernardo area, for $19.9 mil, or $277/sf. The two-building complex, located at 11770 Bernardo Plaza Ct, was sold by Sunroad En...
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• Former Woolworth Building in Glendale Goes for $18 Mil
10/09/19
A 43.4k sf, mixed-use retail and office property at 201 N. Brand Blvd in Glendale has traded for $18.1 mil, or $417/sf. The property was sold by Bow Truss Capital LLC.
Formerly an historic Woolworth Building, the recently ...
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• Avison Young Acquires San Diego-Based McKinney Advisory Group Inc
10/09/19
Avison Young has acquired San Diego-based brokerage and property management firm McKinney Advisory Group Inc. The purchase represents Avison Young’s first acquisition in San Diego and further expands the company’s full-servic...
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• Trammell Crow Company and CBRE Global Investors Planning 356k sf Phoenix Industrial Development
10/08/19
Trammell Crow Company Phoenix and its partner, a fund sponsored by CBRE Global Investors, have unveiled plans for a new industrial project in Phoenix, known as Park Aldea. Located just west of the intersection of 99th Ave and...
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• Apartment Portfolio in Los Angeles’ Westlake/MacArthur Park District Sells in $48 Mil Deal
10/08/19
A three-property apartment portfolio comprised of 192 multifamily units in L.A.’s Westlake/MacArthur Park submarket, traded hands in a $48.25 mil ($251.3k/unit) deal. We’re told the transaction is one of the five largest deal...
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• Transwestern Development Breaks Ground on 834k sf TX Industrial Park
10/07/19
Transwestern Development Co has broken ground on Sam Houston Distribution Center, an 833.7k sf, Class A industrial park in Northwest Houston. The three-building park is slated for delivery in second quarter 2020.
Located ne...
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• Scottsdale, AZ Res Complex Acquired for $18 Mil by Local Investor
10/04/19
The Winfield of Scottsdale, a 95-unit apartment complex in Scottsdale, AZ, was purchased by a Michigan-based investment entity for $18.3 mil, or $192.6k/unit. The property is located at 8021 East Osborn Rd, west of Route 101....
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