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• Industrial Facility in L.A.’s Harbor Gateway Trades in $21 Mil Transaction
7/10/18
CenterPoint Properties, an Illinois-based real estate investment company, paid $21 mil for a 125.8k sf ($167/sf) industrial facility in Los Angeles’ Harbor Gateway area. Located at 13217 South Figueroa St, south of El Segundo...
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• Work Started on Upscale West Hollywood Res Project
7/09/18
Darmos Properties has begun construction on Kings 838, a 37k sf, luxury apartment complex located at 838 N. Kings Rd in West Hollywood. The property, situated in the heart of West Hollywood near the Melrose Ave Shopping Distr...
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• TA Realty Buys 249k sf AZ Industrial Asset
7/09/18
TA Realty LLC has purchased Tempe Distribution Center, a fully-leased, 248.8k sf industrial property in Tempe, AZ. The price was not disclosed.
Tempe Distribution Center is located on 13 acres at 6718 S. Harl Ave and 9230 S....
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• Ohio Investor Pays $16.5 Mil for AZ Medical/Office Campus
7/06/18
Arrowhead Professional Center, a 70.7k sf medical and professional office campus in Glendale, AZ, was acquired by Woodside Health of Cleveland, OH in a $16.5 mil ($233/sf) transaction. The asset was sold by YAM Properties, ou...
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• AZ Biz Campus Acquired in $14.25 Mil Buy
7/05/18
Dunbar Real Estate Investment Management bought Mill Avenue Business Park, a 134.9k sf business campus in Tempe, AZ, for $14.25 mil ($105/sf). The property, located at 40 E. Baseline Rd, 5030 S. Mill Ave and 5005-5025 S. Ash ...
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• Rexford Industrial Realty Purchases 123k sf Facility in Pacoima
7/05/18
Rexford Industrial Realty has closed on another SoCal industrial buy, paying $22.5 mil for a 122.9k sf ($183/sf), single-tenant property in the northeastern San Fernando Vallery community of Pacoima. The acquisition was funde...
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• Pathfinder Partners Buys 125-Unit Multifamily Property in the Seattle-Tacoma Area
7/05/18
Pathfinder Partners has purchased Astoria Apartments, a 125-unit multifamily community located in the Seattle-Tacoma metro area, for $18 mil, or $144k/unit. Built in 1982, the community is situated on 5.7 acres at 5700 23rd S...
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• West L.A. Apartment Property near Downtown Culver City Trades for $559k/Unit
7/02/18
The Culver, a four-story, 28-unit Class A luxury apartment complex in the Culver City/Palms neighborhood of Los Angeles, sold for $15.65 mil, or $559k/unit. Built in 2006, The Culver is located at 3325 South Canfield Ave, adj...
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• Dierks Bentley’s Whiskey Row Sells for $587/sf
6/27/18
Dierks Bentley’s Whiskey Row, a 13.8k sf restaurant/bar property in Gilbert, AZ, sold for $8.1 mil ($587/sf). Dierks Bentley’s Whiskey Row will continue to operate with a long term lease in place.
Completed in 2017, the Die...
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• Walker & Dunlop Named as a Seller/Servicer in Freddie Mac’s New Single-Family Rental Pilot Program
6/26/18
Walker & Dunlop Inc has been approved as a Seller/Servicer under Freddie Mac’s Affordable Single-Family Rental (“SFR”) pilot program, which is intended to offer additional financing options for workforce and affordable rental...
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• Commercial Real Estate Financing Briefs
6/25/18
NEWMARK – George Mitsanas and Chandler Hogue with Newmark® arranged $54 mil in fixed-rate financing for Artisan Apartments in Huntington Beach. Located directly off I-405 and adjacent to numerous lifestyle and employment cent...
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• New Starbucks near USC Sells for over $2,000/sf
6/25/18
A newly built, single-tenant corporate Starbucks with a drive-thru located in Los Angeles has sold for $3.54 mil. The property, located less than one mile from the University of Southern California (USC) campus, traded at a c...
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• Apartment Complex in San Diego’s Bankers Hill Neighborhood Fetches $580k/Unit
6/22/18
25 on Fifth, a 25-unit apartment complex in San Diego, was purchased by Next Space Development Realty Inc for $14.5 mil ($580k/unit). Acquisition equity for the deal was provided by Pacifica Companies.
25 on Fifth is located...
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• Marina del Rey Warehouse Building Acquired in $22 Mil Deal
6/21/18
Montana Avenue Capital Partners purchased a 56.3k sf warehouse building in Marina Del Rey for $22.3 mil, or $396/sf. The property, located at 5005 McConnell Ave, was sold by Marina Creative Office LP.
The building was occupi...
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• First Soul Community Planet Hotel Set to Open in Colorado Springs
6/21/18
Soul Community Planet (SCP) has opened its first SCP Hotel in Colorado Springs after a nine-month, $6 mil renovation. SCP is a new company focused on holistic hospitality that was formed by Alpha Wave Investors. SCP Hotels is...
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• “Value-Add” Bay Area Apartment Property Tops $500k/Unit
6/20/18
A private investor paid $13.6 mil for 10 Birch, a 27-unit ($504k/unit) multifamily community in the highly sought-after Mount Carmel neighborhood of Redwood City. The property is located at 10 Birch St, west of Hwy 101 and El...
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• Two-Tenant WA Retail Asset Traded for $16 Mil
6/19/18
A completely renovated, 69.4k sf retail center in Silverdale, WA sold for $16.1 mil ($232/sf). The property, occupied by Best Buy and Party City, was purchased by a national investment entity that specializes in net-leased re...
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• Buchanan Street Partners Buys 158k sf of Biz Park Buildings in Henderson, NV
6/18/18
Buchanan Street Partners purchased Green Valley Corporate Center North Tech Park V and VI, four office buildings totaling 158.3k sf that are part of a larger master-planned office park in Henderson, NV. Buchanan Street acquir...
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• Investment Group Picks Up Tempe, AZ Office Complex
6/14/18
Tempe City Center, a 162.6k sf office property in Tempe, AZ, was acquired by Tempe CC Hui LLC, and investment entity with buyers who are principally from Hong Kong and Honolulu. The price was not disclosed.
The property, lo...
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• Phoenix Office Building Sells for $365/sf
6/13/18
Biltmore RE LLC recently acquired an 8.5k sf, single-tenant office building in Phoenix’s Camelback Corridor in a $3.1 mil ($365/sf) transaction. The Class A building, located 2701 East Camelback Rd, traded in an absolute NNN ...
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