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CapRock Partners Building 270k sf Industrial Facility in Pomona 12/06/22 CapRock Partners has obtained $50 mil in construction money for the construction of a 269.7k sf industrial facility in Pomona. Greg Brown, Peter Thompson and Sam Godfrey with JLL Capital Markets arranged the non-recourse cons...
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Vegas Industrial/Flex Building Sells for $319/sf 12/06/22 A 5.8k sf, concrete tilt-up industrial/flex commercial building in Las Vegas sold for $1.85 mil, or $319/sf. The building, located at 5040 West Post Rd, traded in a deal with an extremely short due diligence and closing perio...
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48-Acre Colorado Site Sells for Just Under $10 Mil 12/05/22 A 48-acre, multi-building and land parcel that is fully leased to SiteOne Landscape Supply LLC in Windsor, CO sold for $9.85 mil. The buyer was IA Windsor LLC.
Located at 6166 Weld County Road 74 / Harmony Rd, the property p...
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La-Z-Boy to Make Itself at Home at Colorado Biz Park 12/02/22 La-Z-Boy Incorporated signed a long-term lease for 66.7k sf of space in Building I of Ascent Commerce Center, a newly built spec Class A warehouse and distribution development in Commerce City, CO.
Located at Tower Rd and Ea...
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Res Project in Bellevue, WA Breaks Ground 12/01/22 Legacy Partners, in partnership with New York Life Real Estate Investors, has broken ground on Copal, a 288-residence multifamily property in the fast-growing Bel-Red corridor submarket of Bellevue, WA. The mid-rise, transit-...
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Maximus Federal Services Renews 149k sf Phoenix Space 11/30/22 Maximus Federal Services has inked a renewal lease for its 149.2k sf space in Phoenix. The five-and-a-half-year extension is for the entire three-story, Desert Canyon building, located at 2411 West Peoria Ave.
2411 West Peor...
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Avanti Residential Buys 382-Unit Phoenix Res Community for $65 Mil 11/30/22 Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65 mil, or $170k/unit. Recognized for its chic and colorful exterior with a coveted American Soc...
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Four-Building Industrial Park in City of Industry Goes for Over $300/sf 11/29/22 A four-building, 95.7k sf freestanding industrial park in City of Industry was purchased by Newport Beach-based Focus Real Estate and their joint venture equity partner Long Wharf Capital, in a $30.75 mil ($321/sf) transactio...
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UCLA Defeats USC in Annual NAIOP SoCal Silver Shovel Competition 11/29/22 On the 25th anniversary of the NAIOP SoCal UCLA vs USC Real Estate Challenge, it was UCLA’s five-member graduate student team that took home the Silver Shovel.
The event, held November 17 on the UCLA campus, pit five-member...
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Phoenix Office Building Gets New Owner in $14.55 Mil Transaction 11/28/22 A joint venture of Crowne Point Equity LLC, Corsair Management LP and A-1 Legacy Properties LLC paid $14.55 mil for a 42k sf ($346/sf) office building in Phoenix. Located at 6225 North 24th Street, the three-story building is...
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Prologis Buys Industrial Dev Site in Phoenix’ Deer Valley Area 11/23/22 Global industrial real estate leader Prologis has a 7.95-acre, infill land parcel in Phoenix for $8.65 mil. The site was sold in an off-market deal by Wadsworth Development.
The firm plans to develop two industrial building...
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Buyers Pick Four Up Former Sears Sites in California 11/22/22 Four former Sears development sites located across California were acquired by private investors in separate deals. The assets, in Fairfield, Ventura, Salinas and Sacramento, were sold by a single investor. The prices were no...
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Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil 11/18/22 Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
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New Medical Office Building in Encinitas Nearing Completion 11/15/22 Construction is nearing completion on a brand new, Class A multi-tenant medical office building in Encinitas. Located at 777 N El Camino Real, the 12.2k sf facility represents the first speculatively built medical office buil...
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Class A, 222k sf Office Portfolio in Carlsbad Gets New Owner 11/15/22 M.C. Strauss, out of Solana Beach, acquired a 222k sf, multi-building Class A office portfolio in Carlsbad. The purchase consists of Carlsbad Executive Plaza and The Plaza with a combined six buildings.
Carlsbad Executive Pl...
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Nadel Architecture + Planning Forms Partnership with Lisbon-based Saraiva + Associados 11/14/22 Los Angeles-based Nadel Architecture + Planning has formed a partnership with Lisbon-based Saraiva + Associados (S+A). S+A maintains the 9th largest residential practice in the world and is the largest architectural firm in ...
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200-Unit Arizona Build-to-Rent Community Breaks Ground 11/14/22 Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
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Phoenix Office Building Traded in $11 Mil Deal 11/11/22 Black Canyon Commerce Center – Building A, a 62.8k sf, multi-tenant office building in Phoenix, was acquired by Washington-based Evergreen Associates LLC for $11.2 mil, or $178/sf. Located at 2101 West Peoria Ave, the single-...
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Xcel Energy Acquires 10 Acres in Colorado for 40k sf Build-to-Suit 11/10/22 Xcel Energy acquired 10 acres at HighPoint Elevated, a 5 msf industrial park in development in Aurora, CO, from the project’s developers—Hyde Development and Mortenson—for $2.7 mil. Hyde and Mortenson will partner on the cons...
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Retail/Medical Center in Vegas Trades for $298/sf 11/09/22 Nellis Plaza, an 83.9k sf, retail shopping and medical center in Las Vegas, was acquired by Glen Una Management for $25 mil, or $298/sf. The purchase is the buyer’s first major retail acquisition in the Las Vegas market.
Anc...
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