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• G2 Capital Makes $11 Mil Phoenix Office Buy
11/02/18
G2 Capital closed on a two-building, 136k sf office buy in Phoenix for $10.9 mil ($80/sf). The buildings, located at 3925 – 3945 E. Broadway Rd, were sold by Glasir Capital Partners just 30 days after they purchased the prope...
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• Oakland Apartment Development Recapitalized with $44 Mil in Joint-Venture Equity and Debt
11/01/18
Holliday Development has recapitalized The Union, a 110-unit apartment development located in an opportunity zone adjacent to the West Oakland BART Station, with $44 mil that was arranged by Highland Realty Capital. The fundi...
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• Pole Capital USA Pays $42.5 Mil for Irvine Shopping Center
10/30/18
Pole Capital USA, the U.S. division of a Singaporean real estate investment company, recently acquired Jamboree Promenade, a 56.9k sf shopping center in Irvine, for $42.5 mil in an all-cash deal. The asset was later financed ...
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• Capstone Advisors Spends $6.6 Mil on AZ Industrial Asset
10/25/18
Capstone Advisors paid $6.64 mil for First Rose Garden Commerce Center, two multi-tenant industrial buildings totaling 73.3k sf ($91/sf) in Phoenix.
First Rose Garden Commerce Center is located at 21002 N. 19th Ave and 1950 ...
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• Draftsmen & Craftsmen
10/25/18
Construction is finished on AMP&RSAND, a 330k sf, Class A creative office center located on San Diego Union-Tribune’s former headquarters in the Mission Valley area of San Diego. The project, a development of Casey Brown Comp...
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• Black Creek Group Finishing Up on 1.3 msf of Industrial Developments in the Seattle Area
10/24/18
Denver-based Black Creek Group has two new industrial development projects in the Seattle-area submarket of Tacoma/Fife submarket. The projects, one of which was just completed while the other is underway, are comprised of th...
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• WeWork Leases 68k sf in Oakland
10/24/18
WeWork, the global co-working firm, has agreed to a lease for 68k sf in Oakland. The company will occupy three full floors at the historic Breuner Building, located at 2201 Broadway, at the corner with Grand Ave, just a few b...
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• Talon Private Capital Spends $14.5 Mil on Seattle Industrial Asset
10/23/18
A 75k sf, single-tenant industrial building in Seattle was purchased for $14.5 mil ($193/sf) by Talon Private Capital, a locally owned company that specializes in the investment and management of commercial real estate. The p...
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• Scottsdale Medical Office Building Goes for $200/sf
10/23/18
Dr. Remus Repta (Repta Properties LLC), a board-certified plastic surgeon, purchased Scottsdale Medical Building, a 16.9k sf medical office building in Scottsdale, for $3.4 mil ($201/sf). The property was sold by Phoenix-base...
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• Keter Plastic Leases 323k sf of AZ Industrial Space
10/22/18
Keter Plastic, a manufacturer and marketer of resin-based household and garden consumer products, signed two leases for a total of 323.4k sf at Fiesta Tech Center in the Greater Phoenix area.
Keter Plastics leased 1300 N. Fi...
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• Adaptive Re-Use Project Started on Landmarked Building in Santa Monica
10/18/18
A landmarked building from 1914 in the City of Santa Monica is about to undergo a complete restoration and adaptive re-use construction project. The three-story building is located at 1305 2nd St, at Arizona Ave, a prime corn...
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• AZ Industrial Property Trades for $16 Mil
10/18/18
Bay Capital LLC, out of Braintree, MA, closed on an AZ industrial buy, paying $16 mil for Iridium @ Price Road Corridor, a 69.8k sf ($229/sf) building in Chandler. The property was sold by Los Angeles-based Cohen Asset Manage...
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• Fields Holdings Secures $64 Mil Loan for Construction of WA Student Housing Project
10/17/18
Fields Holdings LLC has obtained $64 mil in construction financing for “The M,” a luxury 24-story off-campus student housing development near the University of Washington (UW) in Seattle. The loan was arranged by Quantum Capi...
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• WA Community Center Trades in $38 Mil Transaction
10/17/18
Triangle Center, a 260.6k sf community center in Longview, WA, was acquired by a private investor for $38.3 mil, or $147/sf. The asset was sold by Highlands REIT, a Chicago-based investment trust.
Built in 2004, Triangle Cen...
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• Prologis Spends $36 Mil on East Bay Development Site
10/17/18
Prologis Inc paid $36.1 mil for a 13.71-acre redevelopment site in the East Bay community of San Leandro. The site, located at 880 Doolittle, will be used for a future logistics project.
Prologis has long-term plans to deve...
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• Construction Quick Take
10/16/18
Construction is humming along at the site of the iconic Century Plaza Hotel in Century City, which is undergoing a $2.5 bil, multi-building redevelopment by owner Woodridge Capital Partners, led by CEO Michael Rosenfeld. The ...
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• L.A. Area Del Taco Sells for $2,290/sf
10/12/18
An L.A.-based investor in a 1031 exchange paid $5.5 mil for a newly developed, 2.4k sf ($2,291/sf) single-tenant property occupied by Del Taco in San Pedro. Del Taco recently opened its doors at this location and signed a 20...
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• Seattle Retail Property Trades for $19 Mil as a Development Opportunity
10/11/18
A 53.4k sf building in Seattle’s retail central business district has sold for $19 mil, or $356/sf. The property, located at 1518 Fifth Ave, is currently occupied partially by Banana Republic in addition to a vacant former ho...
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• Portland Industrial Campus Sells for Over $22 Mil
10/09/18
Airport Way Corporate Park, a 140.7k sf, Class A industrial park in Portland, OR, sold for $22.25 mil ($158/sf). Constructed in 1992-2008, the property features full sprinkler systems, dock high and grade level loading, abund...
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• Draftsmen & Craftsmen
10/08/18
Construction has been completed on California State University, San Bernardino’s (CSUSB) new $78 mil, 152.6k sf student housing and dining commons. Located at 5500 University Pkwy, the 407-bed student housing complex and 750-...
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