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• LBA Logistics Buys Third and Final Building at 1.26 msf Salt Lake City Industrial Development
4/19/24
LBA Logistics has purchased the third and final asset at Mountain View Industrial Park, a newly developed three-building, multi-phase warehouse/distribution project totaling approximately 1.26 msf in Salt Lake City. The lates...
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• New York Life Real Estate Investors and Bridgeton Pay $282/sf for San Francisco Office Asset
4/18/24
A venture between New York Life Real Estate Investors (“NYLREI”) and Bridgeton has acquired 410 Townsend Street, a four-story, 78k sf office building in San Francisco’s south of market (SOMA) submarket, in a transaction price...
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• BridgeCore Capital Introduces New Bridge Loan Program for Vacant 99 Cents Only Stores
4/17/24
BridgeCore Capital Inc has launched a new bridge loan program to finance vacant 99 Cents Only Stores across the U.S. With the recent news that 99 Cents Only Stores is closing all of its 371 retail outlets, BridgeCore has exp...
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• Commencement Bank Inks Lease for New 18k sf HQ Space in Downtown Tacoma, WA
4/16/24
Commencement Bank signed a long-term lease for 18k sf of HQ space in downtown Tacoma, WA. The bank will relocate its existing headquarters from 1102 Commerce St to their new full floor space at 1313 Broadway. Terms of the dea...
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• Max Benjamin Partners Acquires StackSource
4/15/24
Max Benjamin Partners (MBP) has acquired StackSource, a premier tech-based brokerage platform specializing in providing debt and equity financing for all types of real estate loans. The integration of StackSource into MBP's ...
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• The Bascom Group Picks Up 72-Unit Senior Housing Property in Nevada
4/15/24
The Bascom Group LLC has acquired Homestead at Boulder City, a 72-unit, senior housing property in Boulder City, NV, for $3.05 mil ($42.4k/unit). Built in 1999, Homestead is located at 1401 Medical Park Dr, south of Adams Bl...
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• L.A.-Based Buyer Spends $24.5 Mil on Two Industrial Buildings in Vista
4/12/24
Two fully leased industrial buildings in Vista totaling 111.5k sf of space traded hands in a recent $24.5 mil ($220/sf) transaction. The buildings, situated on 6.39 acres at 2210 Oak Ridge Way and 2325 Cousteau Court, were a...
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• Forefront Commercial Real Estate Buys 627k sf Industrial Portfolio in Dallas
4/12/24
Forefront Commercial Real Estate has purchased Dallas Infill Portfolio, a four-building, 627.3k sf industrial portfolio located within the Northwest Dallas submarket. The portfolio was 100% leased to 13 tenants at the time of...
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• Endeavor Real Estate Group-Managed Fund Buys 120k sf TX Office Asset
4/11/24
Plaza on the Lake, a 120.8k sf office asset in Southwest Austin, was acquired by an entity affiliated with Endeavor Opportunity Partners III, a discretionary fund managed by Endeavor Real Estate Group. The price was not give...
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• Yohar Renaud and Kyle Herting Join CBRE
4/10/24
Yohar Renaud and Kyle Herting have joined CBRE’s retail practice in Seattle. They both join as Vice President and specialize in retail leasing across Washington, Oregon and Idaho.
The retail sector is undergoing a transform...
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• Andrew Jennison and Daniel Pickart Join Newmark
4/08/24
Andrew Jennison and Daniel Pickart have joined Newmark as Vice Chairman and Senior Managing Director, respectively. Based in the Century City office, the team will contribute to the growth of Newmark's Private Capital Market ...
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• Sperry Commercial Global Affiliates Changes Its Name to SPERRY
4/05/24
Commercial real estate services firm Sperry Commercial Global Affiliates has changed its name to SPERRY and introducing a new logo for its U.S. operations. For the company’s international operations and expansion, it will be...
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• Texas Hotel Asset Refinanced with New First for $19.5 Mil
4/04/24
Valencia Hotel Group has obtained $19.5 mil of first mortgage debt to refinance the Texican Court hotel in Irving, TX.
The non-recourse five-year, fixed-rate loan was arranged by Sonnenblick-Eichner Company and funded by ...
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• HPI Holdings Buys Houston Light Industrial Asset
4/04/24
Clay Crossing Business Center, a four-building, 222,8k sf light industrial property in Houston, was acquired by HPI Holdings II LLC. The price was not disclosed.
Built between 2000 and 2002, Clay Crossing features 16-foot t...
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• Ares Management Buys 258k sf OC Distribution Facility
4/04/24
A real estate fund managed by Ares Management purchased a 258.5k sf, freestanding industrial distribution building in the OC city of Westminster. Ares is a leading global alternative investment manager.
The property sits ...
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• New Petaluma Res Project Slated to Open Summer 2024
4/03/24
The Haven at Deer Creek, a new, Class A 134-unit residential development in Petaluma, is slated to open in summer 2024 and has already begun pre-leasing. The solar-powered project, a development of MBK Rental Living, features...
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• Discover Financial Services Inks Expansion/Extension Lease for 47k sf in Phoenix
4/02/24
Discover Financial Services inked an expansion/extension lease for a total of 47k sf of office space at The Grove at Black Canyon, a Class A office building owned by Drawbridge Realty in Phoenix. The Grove at Black Canyon is ...
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• Affiliate of L.A.-based SDS Capital Group Invests $17.5 Mil in TX Facility Expansion Project
4/02/24
National New Markets Fund LLC (“NNMF”) has invested $17.5 mil of its New Markets Tax Credit allocation (“NMTC”) for the expansion of global food supplier Rich Products’ Brownsville, TX manufacturing facility. The cumulative i...
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• CENTRL Office to Takeover Former WeWork Space in Seattle
4/01/24
CENTRL Office has signed on to take over the former WeWork space at Capitol Hill’s Kelly-Springfield Building in Seattle. The Portland-based creative workspace company will occupy 53.4k sf across three floors.
Located at 15...
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• Online Luggage Seller Leases 40k sf of Industrial Space in Tempe
3/29/24
Portmantos Inc signed a five-year, $2.56 mil lease for 40k sf ($1.07/sf/mo) of industrial space in Tempe, AZ. The deal is within a multi-tenant, Class A logistics property located at 1120 West Fairmont St.
The property is wi...
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