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April 15, 2024
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• The Sutton Opens Its Doors in Portland
The Sutton, a new, high-end waterfront apartment complex in Portland’s North Pearl District, has officially opened to the public. The 236-unit project is a development of Lincoln Property Company. The Sutton is a 17-story re...
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• Legacy Partners and The Resmark Companies Break Ground on 336-Unit TX Apartment Project
Legacy Partners and joint venture partner The Resmark Companies have broken ground on Legacy Gateway, a new 336-residence apartment community coming to Forney, TX. The 14-acre site for Legacy Gateway is located at 1205 Gat...
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• Local Developer Buys 1.5-Acre Site in South Seattle
A 1.5-acre development site in South Seattle was acquired by locally-based real estate development, investment and management firm Bode in a $2.1 mil, all-cash deal. The buyer plans to develop a 330-unit housing project on th...
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• Cypress West Partners Starts Work on AZ Medical Office Building
Cypress West Partners has begun work on a 22k sf, Class A medical office development in Queen Creek, AZ. Located at the intersection of Signal Butte Rd and Ocottillo Rd, the new single-story building is just two miles south o...
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• Seattle Apartment Complex Lands $53.5 Mil Refi
Cypress Apartments, a 237-unit, six-story, Class A, market rate apartment complex in Seattle’s Yesler Terrace community, has been refinanced with new permanent financing of $53.5 mil. The property, located at 120 Broadway, wa...
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• Kearny Real Estate Company Starts Grading on 26-Acre Final Phase of Otay Crossings Commerce Park
Kearny Real Estate Company has commenced grading the 26-acre final phase of the 311-acre Otay Crossings Commerce Park in Otay Mesa, for the development of four industrial buildings ranging in size from 45k sf to 205.5k sf. ...
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• Harbor Tools Inks Build-to-Suit for New WA Distribution Facility
National retailer Harbor Tools has inked a build-to-suit lease for a 782.9k sf facility at FRED310, a prominent new warehouse/distribution development located on 310 acres in the Greater Seattle area. Terms of the deal were n...
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• San Diego Area Mixed-Use Project Sells for Nearly $1,000/sf
A mixed-use project in downtown Rancho Santa Fe sold for $11.2 mil. The project, located at 6106-6108 Paseo Delicias and 6012-6016 La Granada, about eight miles east of Encinitas in San Diego County, consists of 11.9k sf ($94...
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• Blue Road Investments Breaks Ground on Two Industrial Buildings Totaling 646k sf in New Mexico
Dallas-based has broken ground on phase three of Westpark Logistics Center, a master-planned industrial park in Santa Teresa, NM. The latest phase includes the construction of Buildings 3 and 4, which will total 646.3k sf. L...
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• Utah Office Park Sees a Number of Lease Signings
There have been five recent lease signings to report at Millrock Park, a four-building, 494.3k sf Class A office park in Cottonwood Heights, Utah. The property, located at 6550 S. Millrock Dr in a submarket of Salt Lake City,...
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• BKM Capital Partners and TerraCore Capital Close $37 Mil Portland Light Industrial Acquisition
BKM Capital Partners, in a joint venture partnership with TerraCore Capital, acquired Airport Business Center, an 11-building, 228.5k sf light industrial portfolio is situated in the heart of Portland’s NE/Columbia industrial...
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• KeyCity Capital Picks Up 142-Unit Multifamily Community in Farmers Branch, TX
KeyCity Capital has acquired Villa Gardens, a 142-unit multifamily property in Farmers Branch, TX. The price was not given out. Villa Gardens is a pet-friendly community located at 2730 Fyke Rd, just east of the I-35 Express...
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• Build-Out of 160k sf Space for Georgia-Pacific LLC Completed at Phoenix Logistics Center
Phoenix-based Stevens-Leinweber Construction (SLC) has completed the custom build-out of 160k sf at Phoenix Logistics Center (PLC) Two, a 481.6k sf facility designed to meet the manufacturing and distribution needs of new ten...
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• Montecito Medical Real Estate Spends $29 Mil on AZ Medical Building
Montecito Medical Real Estate purchased Banner Health Center - Peoria, a fully leased, 68k sf medical building in Peoria, AZ, for $29 mil ($426/sf). The property was sold by Banner Health. Banner Health Center is a three-st...
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• Cougar USA Leases 46k sf Facility in Houston
Cougar USA, a leading supplier of water control systems for commercial buildings, inked a lease for a 45.9k sf building in Houston to be used as its corporate headquarters. Located at 8850 Fallbrook Dr, the space will include...
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• Volwood Management Buys Bay Area Office Building in $12.8 Mil Deal
Volwood Management acquired 25 Orinda Way, a 28.9k sf, boutique, Class A office building in the East Bay city of Orinda, for $12.8 mil, or $443/sf. Built in 1974 and renovated in 2018, the three-story 25 Orinda Way is curr...
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• Cushman & Wakefield Awarded Office Leasing Assignment for Cherry Creek West in Denver
East West Partners has selected Cushman & Wakefield as the office leasing broker for Cherry Creek West, a mixed-use redevelopment of the 13 acres of land adjacent to Cherry Creek Shopping Center. C&W’s Nicholas Pavlakovich, M...
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• CapRock Partners Buys 131k sf Class A Industrial Facility in Phoenix
CapRock Partners acquired a 130.8k sf, Class A industrial building in Phoenix. The facility is situated on 6.4 acres at 5810 W. Buckeye Rd, along Phoenix’s Loop 202 Fwy. Pre-leased to Metrie Inc, North America's largest man...
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• Vicky Schiff, Dream Unlimited Corp and PaulsCorp LLC Launch Avrio Real Estate Credit
Dream Unlimited Corp, PaulsCorp LLC and Vicky Schiff have teamed up to launch a new firm, Avrio Real Estate Credit. Avrio will offer short-term, first mortgage debt and other structured finance products including B notes, mez...
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• TerraLane Communities and Franklin Mountain Investments to Start Work on Texas Build-to-Rent Community
TerraLane Communities, in a venture with Franklin Mountain Investments, purchased 94 single-family “finished” lots within the Campo del Sol masterplan in the El Paso, TX area for the development of a new premier rental home c...
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