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• Trion Properties Spends $26 Mil on 162 Res Units in the Portland Area
12/06/19
Trion Properties has acquired a portfolio of three multifamily assets totaling 162 units in the Portland area for a total price of $26.05 mil, or $160.8k/unit. The properties include: Aster Parc Townhomes, a 62-unit community...
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• Hampton Inn & Suites Irvine-Orange County Airport Refinanced with $33 Mil Loan
12/05/19
Orange County-based S3 Hotel Group has secured a $33.25 mil refi loan on its Hampton Inn & Suites Irvine-Orange County Airport, a 164-room, limited-service hotel in Irvine. The property is located at 2192 Dupont Dr, less than...
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• CapRock Partners Buys 95k sf Vegas Biz Park from MCA Realty
12/03/19
CapRock Partners LLC acquired Walnut Business Park, a two-building, 94.8k sf multi-tenant industrial business park in north Las Vegas, for $7.85 mil, or $83/sf. The property is located at 3020-3060 N. Walnut, just east of Las...
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• Cannon Commerical Closes on 214k sf Vegas Retail Buy
12/02/19
Cannon Commercial, based in Southern California, has acquired the majority of Westland Fair, a shopping center in West Las Vegas, NV. The purchase, Cannon’s second acquisition in the Las Vegas market in the past 24 months, co...
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• Draftsmen & Craftsmen
11/27/19
Westlake Urban and architectural firm AO have begun the stacking of Westlake’s first modular project, the San Jose Hilton Garden Inn. Located at 101 East Gish Rd, the 150-room project is comprised of 88 modular units built of...
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• Clark County, Nevada Collects $63 Mil from Disposition of 11 Surplus Land Parcels
11/26/19
Clark County, Nevada sold 11 surplus land parcels in recent transactions that totaled $63 mil. The disposition of the parcels will provide Clark County with significant sale proceeds in addition to promoting private developme...
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• FPA Multifamily Pays $33.8 Mil for Thousand Oaks Res Community
11/26/19
Stonepine Apartments, a 108-unit garden-style multifamily property in Thousand Oaks, was acquired by California-based FPA Multifamily, LLC in a $33.8 mil ($313k/unit) transaction.
Built in 1979, Stonepine Apartments is compr...
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• Kite Family Limited Partnership Secures Refi on Inland Empire Retail Center
11/25/19
Kite Family Limited Partnership has refinanced Jurupa Valley Spectrum, a 125k sf retail property in the Inland Empire, with a new loan for $9 mil.
The financing was used to retire the existing debt on the property, improve t...
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• Trion Properties Adds 84-Unit Bay Area Multifamily Asset to Its Apartment Portfolio
11/21/19
Trion Properties has expanded its Bay Area portfolio with the acquisition of The Meadows, an 84-unit multifamily community located in Newark, for $27.5 mil ($327k/unit). The Meadows, located at 35750 Bettencourt St, features ...
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• $20 Mil Renovation Completed at Sorrento Mesa Life Science Campus
11/21/19
BioScience Properties has completed a $20 mil renovation of TEN770, a 183.6k sf, Class A Life Science campus in San Diego’s Sorrento Mesa area. TEN770, located at 10770 Wateridge Circle, was 60% preleased prior to constructio...
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• Continental Realty Group Spends $50 Mil on Two Vegas Area Res Properties
11/20/19
Continental Realty Group, through its subsidiary Continental Realty Assets Ltd (CRA), a Denver-based multi-family operator, has completed the acquisition of 240-unit Laurel Park Apartments and 168-unit Villa Del Rio Apartment...
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• Stockton Dialysis Clinic Sells for $550/sf
11/19/19
An unnamed private investor from Northern California paid $7.5 mil for a 13.6k sf ($551/sf), dialysis clinic in Stockton. The transaction closed at a cap rate of 5.15%.
The outpatient clinic is located at 7500 West Lane and ...
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• Providence Capital GroupBuys 59k sf Inland Empire Office Asset
11/19/19
Rincon Corporate Plaza, a 58.9k sf office building in Riverside County, was acquired for $11.8 mil ($200/sf) by ZHOPE LLC. The property was sold by San Diego-based Providence Capital Group.
Located at 355 E. Rincon St in Cor...
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• Reno Industrial Portfolio Sold in $50 Mil Transaction
11/18/19
Seagate Properties Inc has purchased a 584.9k sf, seven-building, industrial/warehouse portfolio in a prime Reno/Sparks location, for $50 mil ($85.50/sf). The acquisition was made in a partnership with in partnership with RGA...
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• ViaWest Group Picks Up 26 Acres in Arizona for Industrial Development
11/18/19
ViaWest Group recently purchased a 25.91- acre parcel in Goodyear, AZ for $4.55 mil. The property, located at the southwest corner of Elwood St and Sarival Ave, was acquired in a joint venture with a Philadelphia-based invest...
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• Beverly Hills Buyer Spends $12 Mil on Phoenix Office Asset
11/15/19
GMK Assets Corporation of Beverly Hills paid $11.95 mil for Pueblo Nuevo, a garden-style, 95.8k sf ($125/sf) multi-tenant office complex in Phoenix. The property is located at 301 E. Bethany Home Rd.
Pueblo Nuevo features at...
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• 857-Acre Land Parcel in Napa Valley Hits the Market
11/13/19
Napa Soda Springs, one of the largest continuous parcels of land in California’s Napa Valley, is available for sale for the first time in more than 40 years. The 857-acre property was once home to the preeminent Napa Soda Spr...
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• Nevada Office Asset Trades for $321/sf
11/13/19
A 60.5k sf, office building in Henderson, NV has sold for $19.45 mil ($321/sf). The building is located at 2200 Paseo Verde, south of I-215 and west of Green Valley Pkwy.
The three-story, Class A office building is located a...
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• Lowe Adds 366k sf Office Tower to Its Denver Portfolio
11/13/19
Lowe has acquired Stanford Place II, a 366.2k sf Class A office tower in Southeast Denver. Built in 1982, the 18-story building is located at 7979 E. Tufts, in the Denver Tech Center.
7979 E. Tufts offers 21k sf floorplates,...
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• Dixxon Flannel Co Buys Showroom/Warehouse Facility in Tempe
11/08/19
Dixxon Flannel Co spent $4.5 mil on a 48k sf ($94/sf) retail warehouse/showroom property in Tempe, AZ. Dixxon, an apparel company, is relocating and expanding from a smaller property, also in Tempe.
The two-story property si...
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