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February 21, 2024
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• Strategic Storage Growth Trust Inc Agrees to Acquire Certificate of Occupancy Facility in AZ
Strategic Storage Growth Trust Inc (SSGT) recently entered into its first contract to acquire a certificate of occupancy facility consisting of a ground-up self-storage development located in the South Mountain Village area o...
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• Guthy-Renker Inks 90k sf HQ Lease in El Segundo
Guthy-Renker has agreed to a new 10-year lease for 90k sf of space at PCT (formerly Pacific Corporate Towers) in El Segundo. The direct marketing firm will consolidate its longtime headquarters currently in Palm Desert and m...
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• Newmark Realty Capital Arranges $10 Mil Refi on Livermore Industrial Park
Mitch Zeemont and Stephen Scarpulla of Newmark Realty Capital Inc has arranged $10 mil in refi money for North Canyon Business Center, a 105.8k sf, multi-tenant flex industrial business center situated on approximately 7.89 a...
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• Washington Holdings Buys in Northern California
Washington Holdings recently purchased Zanker Business Center, a 120.4k sf business park in North San Jose. Located at 1920 – 1980 Zanker Rd, the multi-tenant project contains four single-story R&D buildings, with each being ...
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• OC-Based Premier Business Centers Expands into Chicago
Irvine-based Premier Business Centers, the largest privately owned executive suite operator in the US, will open their first Illinois executive office suite location in Downtown Chicago this coming fall. Located in the presti...
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• LaSalle Investment Management Buying San Francisco Office Building
In news of a pending San Francisco office sale, Chicago-based LaSalle Investment Management is reportedly buying the 133k sf building at 450 Sansome Street from Cornerstone Real Estate Advisors. The deal is said to have a pri...
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• NetSuite Expands its Global Headquarters in San Mateo
NetSuite has inked an expansion lease for 49.3k sf of additional space in San Mateo, bringing its global headquarters footprint to more than 165k sf. The firm is located at 2955 Campus Dr and 2929 Campus Dr, on the southeast ...
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• Trion Properties Spends $6.6 Mil on Its First Pacific Northwest Investment
Trion Properties just acquired its first asset in the Pacific Northwest, a 74-unit multifamily property in Portland, OR that it bought for $6.64 mil ($89.7k/unit) from Rael Development. The property, called Woodland Park Esta...
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• Granite Investment Group Spends $90 Mil on Five TX Skilled Nursing Facilities
Irvine-based Granite Investment Group purchased five skilled nursing facilities in South Texas via two separate off-market transactions that totaled $90.1 mil. With these acquisitions, Granite Investment Group now manages a p...
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• NBS Financial Services Arranges Trio of Deals Totaling $40 Mil in Financing
NBS Financial Services’ Associate Vice President Jeff Henderson has arranged a combined total of $40.2 mil in a recent string of financing deals. In the largest of the deals, NBS Financial secured $21.9 mil in permanent fina...
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• HFF Arranges $42 Mil Refi on Portland Office Asset
Holliday Fenoglio Fowler L.P. has arranged $42 mil in refi money for 1201 Lloyd, a 225.1k sf, Class A office building in Portland, OR. The borrower is SGSA II LLC, an affiliate of Saban Capital Group Inc. Completed in 2002, ...
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• Walmart and Custom Bilt ink Deals for Majority of Space at Tiger Industrial Center in Phoenix
There have been two new leases totaling 80.6k sf of space at Tiger Industrial Center, a two-building, 103.1k sf industrial property in Phoenixthat is owned by ViaWest Group. Located at 4901 and 4929 West Van Buren, the center...
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• Allianz Global Corporate & Specialty Inks Largest Petaluma Office Lease in Over a Decade
Allianz Global Corporate & Specialty (AGCS) has inked a multi-year deal for 85k sf of space within the Redwood Business Park in Petaluma. The lease will provide AGCS with the entire second floor and a portion of the first flo...
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• Full City Block in Seattle Offered for Sale
A full city block in Seattle’s Capitol Hill neighborhood has been put on the market for the first time in 70 years. The MidTown Center property is located on a major intersection at 23rd Ave and East Union St. The site is ri...
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• Adler Realty Investments Spends $5.5 Mil on Phoenix Industrial Investments
Adler Realty Investments Inc has purchased three industrial buildings in the Tempe area of Phoenix for $5.5 mil. The properties were acquired in two separate transactions, one of which being a sale/lease back with the seller....
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• Vegas Retail Center Trades for $52 Mil
Crossroads Towne Center, a 148.8k sf retail center in North Las Vegas, was purchased by a Cornerstone Advisers entity for $52 mil ($349/sf). It was sold by The Eagle Group, out of Los Angeles. Built in 2007, Crossroads Town...
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• Renewable Energy Trust Capital Inc Acquires Coram Wind Project in Kern County
Renewable Energy Trust Capital Inc (RET Capital) has acquired Coram Wind Project, an operating 102-megawatt (MW) power plant in SoCal’s Kern County. The plant, located in Tehachapi, was completed in May 2012. Coram Wind Proj...
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• Downtown LA Office Tower Awarded LEED Platinum Certification
Aon Center, the 1.1 msf, Class A office tower at 707 Wilshire Blvd in the heart of downtown LA’s Financial District, was awarded LEED Platinum certification. The high-rise is owned by Shorenstein Properties LLC, who acquired ...
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• MIG Real Estate Wraps Up 130k sf Denver Biz Park Buy
MIG Real Estate recently completed the acquisition of Iliff Business Park, a 130.7k sf, four-building flex business park in Denver’s Southeast submarket. Iliff Business Park is located at 2369, 2422 and 2452 South Trenton Way...
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• ViaWest Group Buys 70k sf AZ Industrial Asset
ViaWest Group closed on an industrial buy in Arizona, paying $4.23 mil for Bell17 Industrial, a three-building, 70.5k sf ($60/sf) industrial project in North Phoenix’s Deer Valley submarket. Based in Phoenix, ViaWest has purc...
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