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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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• Strategic Legacy Investment Group and W Design Developments Team Up in Senior Housing Development Venture
3/13/18
LA-based Strategic Legacy Investment Group Inc and W Design Developments have formed a partnership called We Strategic Development Corporation to design, build, and maintain seniors housing facilities. The two entities initia...
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• Construction Finished on 351k sf Spec Industrial Project in Texas from Ridge
3/13/18
Ridge has completed completed construction on a 351.2k sf, spec industrial project in Southpark Commerce Center in southeast Austin, TX. The project consists of three state-of-the-art buildings.
Located near I-35 and State H...
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• Pacific Development Partners Buys 290-Unit AZ Multifamily Property
3/13/18
Los Angeles-based Pacific Development Partners has purchased Vela, a 290-unit luxury multifamily community in Tempe, AZ. The price was not disclosed.
Vela is located at at 555 N. College Ave, adjacent to the Tempe Town Lake ...
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• Continental Realty Advisors and GTIS Partners Acquire 240-Unit Residential Asset in Arizona
3/12/18
Continental Realty Advisors Ltd (CRA) and GTIS Partners have teamed up in the acquisition of San Palmas at Mission Park, a 240-unit residential property in Chandler, AZ, in an off-market transaction. The price was not disclos...
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• Premier Business Centers Acquires Its First Location in NY City
3/12/18
Premier Business Centers®, the big Irvine-based flexible workspace operator, has acquired its first location in the state of New York by purchasing Prime Office Centers’ 521 5th Avenue location in New York City. The building ...
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• DiamondRock Hospitality Company Buys The Landing Tahoe Resort & Spa
3/09/18
DiamondRock Hospitality Company has purchased The Landing Tahoe Resort & Spa, a 77-room, award-winning, luxury, lakefront resort and spa in South Lake Tahoe. The asset was acquired from an affiliate of Kairos Ventures free an...
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• Rancho Bernardo MOB Sells for $37 Mil in End of Year Sale
3/08/18
Chicago-based MBRE Healthcare has purchased Excel Centre, an 83.2k sf medical office building in San Diego, for $37.1 mil ($445/sf), in a deal that closed at the end of 2017. The building, anchored by Kaiser Permanente, was s...
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• Fullerton Industrial Building Purchased by Owner/User for $12.5 Mil
3/07/18
A 68k sf, free-standing, single-tenant industrial building in Fullerton sold for $12.55 mil ($184/sf). The property was sold by Guthrie Development, who acquired the functionally-obsolete manufacturing facility in December 20...
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• Skid Row Housing Trust Begins Work on Downtown LA Affordable Housing Project
3/06/18
Skid Row Housing Trust has begun the construction of an affordable housing community at 7th and Wall Street in Downtown Los Angeles. Known as Six Four Nine Lofts & Joshua House Health Center, the community is a 55-unit mixed-...
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• Rexford Industrial Realty Closes a $24 Mil Acquisition and an $11 Mil Disposition
3/05/18
Rexford Industrial Realty Inc recently completed two SoCal transactions, one an acquisition and the other a disposition. The firm paid $24.1 mil for a 213.6k sf industrial complex in Ontario, and also collected $10.9 mil for ...
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• BKM Capital Partners Closes $28 Mil San Diego Area Industrial Buy
3/02/18
BKM Capital Partners has acquired Activity Business Center, a 160.9k sf, five-building multi-tenant light industrial property in the Miramar submarket of San Diego. The industrial complex was sold by Lincoln Property Company...
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• San Diego Entity Buys 88k sf Retail Center in Denver Metro
3/02/18
San Diego-based Midtown National Group LP purchased an 87.7k sf, a Safeway-anchored shopping center in the Denver metro area. The shopping center was 99% occupied at the time of the sale. The purchase price could not be discl...
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• Passco and Patriot Self Storage Team up in Houston Self-Storage Buy
3/01/18
Passco Companies, in a joint venture partnership with Patriot Self Storage Management, has acquired a self-storage property totaling more than 54k sf in Houston, TX. The price was not disclosed
The facility, located at 4217 ...
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• Venice Building Trades for Over $700/sf
2/27/18
A two-story, 7.7k sf retail and creative office building in Venice, just steps from the beach and the world‐renowned Venice Boardwalk, sold for $5.5 mil, or $714/sf in an off-market transaction. The building, located at...
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• Huntington Hotel Group to Build 225-Room Dual-Branded Hotel Project in Agoura Hills
2/27/18
Huntington Hotel Group has obtained $35 mil in construction financing for the development of a dual-branded hotel comprising a 129-room Courtyard Marriott and a 96-room TownePlace Suites in the western Los Angeles-area commun...
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• Pro Moves
2/22/18
Aaron Hill - Aaron Hill was named President at Bixby Land Company, extending a successful 11-year tenure at Bixby where he most recently served as executive vice president and chief operating officer. Bill Halford, who has se...
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• South Bay Retail Center Acquired by Exchange Buyer in $21 Mil Deal
2/15/18
In a recent retail investment comp out of LA’s South Bay region, a private 1031 exchange investor paid $21 mil for Southwood Village, a 67k sf ($313/sf) neighborhood retail center in Torrance.
Situated on just over 5.5 acres...
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• Single-Tenant NNN Property in Sacramento Sells in $7.9 Mil Deal Between Private Investors
2/15/18
A single-tenant, NNN absolute investment in Sacramento has sold for $7.9 mil. The asset, located at 9036 Calvine Rd, is occupied by Merryhill Schools.
Merryhill Schools’ lease is guaranteed by Nobel Learning Communities In...
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• 3D Investments Purchases 278k sf NV Retail Asset from Brixmor Property Group
2/15/18
3D Investments has purchased Galleria Commons, a fully occupied, 278.4k sf shopping center situated on nearly 23 acres in Henderson, NV. The asset was sold by Brixmor Property Group.
Built in 1997 and located at 470-510, 550...
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