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• Two Office Buildings in Vegas Trade in $20.5 Mil Deal
4/05/18
Two office buildings totaling 87.7k sf of space in Las Vegas sold in a recent $20.575 mil transaction. The buildings are located at 1635 and 1645 Village Center Circle, within The Plazas of Summerlin complex.
The properties...
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• Tellworks Communications Leases 723k sf of Industrial Space in Texas
4/04/18
Tellworks Communications has signed a new lease for 722.7k sf of industrial space at Park 20/360 in Arlington, TX. The firm will fully occupy Building 1, located at 4101 Research Blvd, within the industrial park.
“Tellwork...
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• Sorrento Mesa R&D/Flex Buy Financed with $22 Mil Loan
4/03/18
A Newport Beach-based private investor acquired a 103.8k sf R&D/Flex corporate campus property in San Diego’s Sorrento Mesa submarket. The property was purchased with $21.9 mil in permanent financing provided by MetroGroup Re...
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• Ridge Acquires 29 Acres for Houston Industrial Development
3/30/18
Ridge has acquired 29 acres at the corner of Beltway 8 and Highway 90 in southwest Houston. The company plans to break ground in May 2018 on a 477.4k sf spec industrial project, with expected delivery in early 2019. Transwest...
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• Six Occupied Pad Properties at Inland Empire Retail Center Fetch $29.5 Mil
3/30/18
Six fully occupied retail pads at Perris Marketplace in the Inland Empire city of Perris sold in separate transactions for a combined price of $29.5 mil. The pads, totaling 39k sf of space, consisted of three multi-tenant pad...
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• BKM Capital Partners Spends $20 Mil on 215k sf CO Biz Campus
3/30/18
BKM Capital Partners has acquired Inverness Business Park, a Class A, 215.3k sf eight-building industrial asset in Englewood, CO for $20.2 mil ($94/sf). The property, located at 14 Inverness Drive East, is BKM’s first acquisi...
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• Otay Mesa Distribution Complex Trades for $13.7 Mil
3/29/18
TA Realty, out of Newport Beach, acquired Empire Centre, a 132.7k sf, two-building, multi-tenant warehouse/distribution facility in San Diego’s Otay Mesa submarket. The property was sold by Kavenish LTD for $13.675 mil. The C...
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• OC Raising Cane’s Sells for $1,222/sf at Just Over 4% Cap Rate
3/29/18
A new single-tenant, Raising Cane’s Chicken Fingers located in La Habra in Orange County sold for $3.96 mil, or $1,222/sf. The 3.2k sf building with drive-thru, newly remodeled in 2017, sits on just under one acre at 1050 S....
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• Champion Real Estate Company Spends $33.6 Mil on 104 Units in Glendale
3/28/18
Champion Real Estate Company recently acquired two multifamily buildings totaling 104 units in Glendale for a combined price of $33.6 mil ($323k/unit). The two properties, located less than two miles apart, were purchased in ...
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• Newmark Arranges $25 Mil on Recently Completed Residential Property in Seattle
3/27/18
Newmark has secured $25.5 mil in financing for 1111 East Olive Apartments, an 80-unit residential property in Seattle, WA. Newmark’s Michael Taylor and Patrick Taylor arranged the 15-year term financing through Aegon Real Ass...
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• TrellisWare Technologies Leases 72k sf Space in Scripps Ranch
3/23/18
TrellisWare Technologies, a privately held San Diego communications technology company, has signed a nine-year lease for 72.3k sf of office space at Summit Pointe in San Diego. The transaction is worth approximately $21 mil, ...
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• Work Started on 200k sf Medical Office Project at Riverside University Health System Campus
3/22/18
Trammell Crow Company’s Southern California—Newport Beach office has commenced construction on a new 200k sf medical office building in Riverside that will be occupied by Riverside University Health System (RUHS). The three-s...
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• Universe Holdings Acquires 123-Unit Multifamily Portfolio in the San Fernando Valley
3/22/18
Universe Holdings has acquired a nine-property multifamily portfolio in the San Fernando Valley for $22.75 mil. Universe also has committed $3.3 mil to a capital improvement budget for the properties, which total 123 units an...
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• PODS to Take Over New AZ Build-to-Suit
3/22/18
PODS® Moving and Storage is about to take occupany of a 106k sf, build-to-suit facility just completed in February at AZ 202 Commerce Center in Chandler, AZ. PODS purchased the land, just off the Arizona Loop 202 Fwy, in 201...
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• Investment Entity Pays $18.5 Mil for Half the Units at Flagstaff, AZ Condo Project
3/21/18
Timberline Place Apartments LLC, a partnership between Phoenix-based Edgehill Investments (Ryan Francisco, Anthony Francisco – Principals) and The Tanbic Company (Tanner Bickelhaupt – Principal) purchased 102 units within Tim...
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• San Bernardino County Job Growth Running Ahead of Orange and Los Angeles Counties
3/20/18
As businesses and residents continue to be priced out of Southern California’s coastal communities, San Bernardino County is experiencing growth across a number of economic indicators. That fact and more was part of the infor...
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• Ares Management L.P. and Guardian Real Estate Services Recapitalize Portland Res Complex
3/20/18
Ares Management L.P. and Guardian Real Estate Services have recapitalized the debt and equity on Oxbow 49, a 166-unit multi-housing property in Portland, OR. A new 10-year, floating-rate loan was funded through Freddie Mac’s ...
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• Warehouse Building in South San Francisco Trades for $239/sf
3/19/18
A partnership between PCCP LLC and Lift Partners has purchased a 117.5k sf warehouse building in South San Francisco for $28.05 mil ($239/sf). The property, which is situated adjacent to Hwy 101, was sold by the former owner-...
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• New Industrial Facility in Santa Fe Springs Sells for Over $200/sf
3/15/18
In a recent industrial sales comp out of L.A.’s Mid-Cities area, a new 23.4k sf warehouse/distribution building in the largely industrialized municipality of Santa Fe Springs, sold for $5 mil, or about $214/sf. The property s...
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• Wood Partners Breaks Ground on 138-Unit Multifamily Project in Portland
3/14/18
Wood Partners has broken ground on a new, 138-unit residential community in Portland. The project, located at 1638 W Burnside, at Southwest 16th Ave in the Goose Hollow neighborhood, includes 6k sf of ground-floor retail spac...
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