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• Kenco Logistics Services Leases 580k sf in the Inland Empire
6/26/19
Kenco Logistics Services LLC, one of the largest woman-owned, third-party logistics companies in the United States, agreed to a lease for 579.7k sf of space in the Inland Empire cityof Perris. Kenco will occupy the entire bui...
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• Scannell Properties Spends $26 Mil on Multi-Building Industrial Asset in Petaluma
6/25/19
Scannell Properties purchased a 183k sf, multi-building industrial portfolio in Petaluma for $26.45 mil ($144/sf). The property was sold by a pair of private individuals who formerly operated their business, Sistema Plastics,...
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• JRK Property Holdings Buys 240-Unit Res Property in the Seattle Area
6/25/19
JRK Property Holdings purchased Santa Fe Ridge Apartments, a 240-unit, garden-style multifamily property in Silverdale, WA, about 24 miles northwest of Seattle. The property, acquired in an off-market deal, boosts JRK’s portf...
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• Sterling Real Estate Partners Closes $20 Mil Res Buy in Phoenix
6/24/19
Sterling Real Estate Partners has acquired Villas de Azul Apartments, a 301-unit multifamily property in Phoenix, for $19.8 mil, or $66k/unit. Built in 1972, the property is located at 2627 N. 45th Ave, north of I-10 and wes...
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• The Companion Group Relocates from the East Bay to the Sacramento Area
6/21/19
The Companion Group has signed a lease for 100.8k sf of warehouse/distribution space in the city of Woodland, moving the company’s long-time industrial operations once housed in the San Francisco East Bay Area city of Hayward...
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• Canadian Investment Entity Pays $25 Mil for Phoenix Multifamily Property
6/21/19
The Colony, a 236-unit res property in Phoenix, sold for $25.1 mil, or $106.4k/unit. The buyer was WREF Colony LP, an entity formed by Western Wealth Capital of North Vancouver B.C., Canada.
Built in 1979, The Colony is loca...
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• Lennar Homes Buys Five-Acre Infill Site in Arcadia for Redevelopment
6/20/19
Lennar Homes has acquired a 4.9-acre redevelopment property in Arcadia with plans to construct a mixed-use project that will contain 80 residential units. The property, located at 17 Las Tunas Drive, had previously housed a 5...
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• Vestar Buys 165k sf AZ Retail Center
6/20/19
Vestar purchased University Plaza, a 165.6k sf shopping center located in the heart of Flagstaff, AZ. The property traded for $27.5 mil, or $166/sf.
University Plaza is ideally located across the street from Northern Arizona...
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• BH Properties Buys Phoenix Industrial Asset
6/19/19
BH Properties acquired Riverpoint – Building 2, a 61.3k sf, multi-tenant flex office building in Phoenix, for $5 mil ($81.50/sf). The single-story building is located at 3100 E. Broadway.
Built in 2002, the recently vacated ...
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• Phoenix Res Property Trades for $100k/Unit
6/19/19
Avenue 15 Apartments, a 148-unit apartment complex located at 1609 West Glendale Ave in Phoenix, has sold for $14.725 mil ($99.5k/unit). The buyer was Urban Communities, a real estate development and redevelopment company tha...
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• Alvarez & Marsal Capital Real Estate Buys Mission Federal Credit Union Former HQ
6/18/19
Alvarez & Marsal Capital Real Estate has acquired the former headquarters for Mission Federal Credit Union in San Diego, a 61.4k sf office building in the city’s Sorrento Mesa area, for $10.4 mil ($169/sf). The building, loca...
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• Phoenix Industrial Property Trades in $8 Mil Deal
6/17/19
Exeter Property Group purchased a 123.8k sf industrial building in the Southwest submarket of Phoenix for $8.16 mil ($66/sf). The property was sold by David Turner International LLC.
The building is situated on a fully paved...
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• Majestic Asset Management Closes $18 Mil Office Buy in Westlake Village
6/14/19
Westlake Plaza Centre 2, an 84k sf office building in Westlake Village, was acquired by Majestic Asset Management and The Johnston Group in an $18.25 mil deal. The property was sold by Kilroy Realty Corporation.
The building...
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• New York Life Investors Buys 200k sf Office Property in North Hollywood
6/14/19
A 205.3k sf office property in North Hollywood was acquired by New York Life Real Estate Investors, on behalf of an institutional client. The building was sold by Beacon Capital Partners, which had acquired it for $69 mil in ...
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• Denver Industrial/Office Property Refinanced with $17 Mil CMBS Loan
6/13/19
Manchester Capital Management (MCM) has secured $17 mil in refi money for a fully leased, 152.7k sf industrial and office building in Boulder, CO. MCM is the asset manager for the property, situated on 12.33 acres at 6265 Gun...
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• Premier Workspaces Opens First Location in Santa Clarita Valley
6/12/19
Premier Workspaces, one of the largest privately-owned flexible workplace operators in the U.S. with over 90 locations, has just opened its first location in north L.A. County’s Santa Clarita Valley. The property is located a...
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• Rexford Industrial Realty Spends $18 Mil on Inland Empire Development Property
6/12/19
Rexford Industrial Realty Inc has purchased a 15.47-acre, fully entitled development site in the Inland Empire for $18.2 mil. The acquisition was funded using cash on hand.
The site is located in Eastvale, five miles from th...
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• WA Retail Center Refinanced with $65 Mil Loan
6/10/19
Newmark Realty Capital arranged $65 mil in refi money for the Downtown Woodinville Shopping Center. The property is located in Woodinville, WA, approximately 20 miles northeast of the Seattle CBD.
The multi-tenant retail ce...
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• Realm Group Acquires DTLA Site for Res Tower Project
6/10/19
Realm Group LLC purchased a 1.5-acre site located in Downtown Los Angeles at 675 South Bixel St. Realm, a joint venture between Realm Real Estate LLC and The Bascom Group LLC, entitled the site for the development of a 36-st...
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• Meta Housing and Western Community Housing to Build 44-Unit Affordable Housing Project in Roseville
6/05/19
Meta Housing Corporation and Western Community Housing Inc are set to develop Main Street Plaza Apartments, a 44-unit, mixed-use affordable housing complex at the northeast corner of Washington Blvd and Main St in Roseville. ...
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