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July 25, 2024
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• CRE Industry Turns Out for Building Block Foundation Fund Charity Event at Newport Dunes
8/31/23
Hundreds of commercial real estate professionals celebrated on the beach and under the stars at the Building Block Foundation Fund White Party, held August 23, at Newport Dunes in Newport Beach. The White Party event is an a...
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• Merrick Leases 69k sf of Office Space in Colorado
8/30/23
Merrick, an engineering and architecture firm, has signed a 12-year lease for 69.2k sf at Greenwood 4 in Greenwood Corporate Plaza in Greenwood Village, CO. This lease keeps Merrickís headquarters within the Greenwood campus ...
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• New Single-Tenant Starbucks Property in Fresno Sells for $1,382/sf
8/30/23
A new construction, 2.3k sf single-tenant Starbucks Drive-Thru in Fresno sold for $3.18 mil ($1,382/sf). The property is located less than five minutes from California State University, Fresno (25,000+ students). The freest...
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• Rising Realty Partners Pays $23 Mil for North Las Vegas Biz Park
8/30/23
Northport Business Center, a 127.1k sf, six-building industrial park in North Las Vegas, was acquired by Rising Realty Partners in a $23 mil ($181/sf) deal. The property, located at 3825-3985 Cheyene Ave, was sold by MCA Real...
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• ColRich Buys 228-Unit Res Property in Bend, OR
8/29/23
ColRich has purchased Seasons at Farmington Reserve, a 228-unit multifamily community in Bend, OR. The seller was Seattle-based Security Properties. Located at 61560 Aaron Way, the garden-style community was built in 2017 an...
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• ToySmith Leases 159k sf WA Facility
8/25/23
Toysmith has signed a new lease for a 159.1k sf, Class A industrial building that will serve as its new headquarters in Pacific (Tacoma), WA. The company is relocating from a nearby property to its new freestanding facility l...
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• North Palisade Partners Pays Nearly $20 Mil for Eight-Acre Site in Hayward
8/24/23
North Palisade Partners acquired a nearly eight-acre site in the East Bay for $19.7 mil. The 100%-leased property, located at 4125 Breakwater Ave in Hayward, is a value-add IOS facility located at the base of the San Mateo-Ha...
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• Three CRE Industry Bouts Announced for NAIOP SoCalís Night at the Fights
8/23/23
For the first time in NAIOP SoCal Night at the Fightís history, six professionals from the commercial real estate industry will take their place in the ring during three industry bouts. One of the most anticipated commercial ...
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• Birtcher Development Obtains $75 Mil in Construction Money for Inland Empire Industrial Project
8/23/23
Birtcher Development LLC has secured $75 mil in construction financing for the development of Birtcher Logistics Center Rialto, a 492.6k sf, Class A logistics facility currently under construction in Rialto. The non-recourse ...
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• Kimley-Horn Leases 79k sf of Office Space in Phoenix
8/22/23
Leading engineering, planning and design firm Kimley-Horn has committed to a 78.7k sf lease at Camelback Arboleda. The lease relocates and expands Kimley-Hornís regional Phoenix office to the Camelback Corridor submarket and ...
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• Brand new Colorado Industrial Project Trades for $8.5 Mil
8/22/23
Airpark North, a brand new, 36k sf Class A industrial project in Loveland, CO that was just delivered in August, sold for $8.53 mil ($237/sf). The vacant, freestanding building, located at 6987 Rickenbacker Rd, was acquired b...
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• Rexford Industrial Realty Spends $38 Mil on Two Properties in the Santa Clarita Valley
8/21/23
Rexford Industrial Realty recently closed on the purchase of two fully-leased, single-tenant industrial assets totaling 220.8k sf in the Santa Clarita Valley for $38 mil in an off-market deal. The properties are situated on...
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•  490k sf Goodyear, AZ Industrial Project Lands $39 Mil Refi Loan
8/18/23
Phoenix-based Baker Development Corporation (BDC), and New Yorkís Foundation Capital Partners (FCP), along with joint venture partner GTIS Partners, have secured a $39 mil refi loan for Yuma|143, a recently completed, 490.3k ...
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• San Jose Medical Office Building Purchased by Medical Organization
8/18/23
LGTC Group, an outpatient mental health center, purchased a freestanding, 17.2k sf medical office building in San Jose for $9 mil ($523/sf). The property is located at 4850 Union Avenue in the regionís West Valley community. ...
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• Houston Investor Buys 147k sf OR Retail Property
8/17/23
A Houston-based private investment group purchased a 146.9k sf retail property located at 11800 SE 82nd Ave in Happy Valley, OR. The property is physically attached to, but legally separate from, the 1.4 msf Clackamas Town Ce...
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• ViaWest Group Picks Up 587k sf Phoenix Industrial Portfolio
8/16/23
ViaWest Group has acquired a six-building, 586.9k sf Phoenix industrial portfolio from Walton Street Capital. The buildings are all in prime infill locations within the greater Phoenix MSA. This acquisition brings ViaWest Gro...
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• City Lights Church Buys 48k sf Flex Building in Greeley, CO
8/16/23
City Lights Church paid $5.5 mil for a freestanding, 48k sf ($115/sf) flex commercial building in Greeley, CO. The property, located at 7251 W 4th St, was vacant at the time of sale. Originally built in 1985 but renovated si...
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• Wood Investments Companies Secures $39 Mil in Refinancings on Two Idaho Retail Centers
8/15/23
Wood Investments Companies Inc has secured $39.1 mil in permanent loans for two prominent shopping centers in the Boise metropolitan area: Gateway Marketplace and CentrePoint Marketplace. Both shopping centers, situated in th...
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• HVAC/R Equipment Distributor Pays $267/sf for Nevada Owner/User Building
8/15/23
A 17.8k sf office/warehouse building located at 7440 Commercial Way in Henderson, NV sold for $4.75 mil ($267/sf). The buyer, R.E. Michel Company, one of the nation's leading wholesale distributors of HVAC/R equipment, parts ...
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• Rockefeller Group Picks Up 14 Acres in the Inland Empire for Distribution Development
8/10/23
Rockefeller Group has acquired 14 acres in Perris, CA and will develop a 259k sf distribution center on the land. The project, Patterson Commerce Center, will be located adjacent to Optimus Logistics Center, a 1.4 msf, two-b...
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