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• New Port of Vancouver Terminal Development Opens to the Public
9/27/24
The new Port of Vancouver USA Terminal 1 mixed-use development has officially opened to the public. The two-building complex features 366k sf of Class A office space, 12k sf of ground floor retail space, and premium commercia...
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• Phoenix Office Asset Picked Up by Local Investor in $9 Mil Transaction
9/27/24
Gateway Executive Center, a 39.9k sf office property in Phoenix, was acquired by an Arizona based private investor, MJA Investments Inc, for $9.05 mil ($227/sf). The multi-tenant, two-story building is located at 1048 N 44th ...
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• NAIOP SoCal Presents Night at the Fights 2024 Featuring Record Four CRE Industry Bouts
9/26/24
On October 10, 2024, eight commercial real estate professionals will step into the boxing ring as part of the main event at this year’s NAIOP SoCal Night at the Fights black tie gala. Thanks to popular demand, it is the first...
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• Modesto Res Property Trades for $17 Mil in a Workforce Housing Deal
9/25/24
Rumble Road Apartments, a newly constructed 50-unit multifamily community in Modesto, CA, traded hands for $17 mil, or $340k per unit. The property, located at 2531 West Rumble Rd, was acquired by Aspen Real Estate Financial ...
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• Premier Workspaces Successfully Repositions Competitor Location in Frisco, TX
9/25/24
Premier Workspaces®, the Irvine-based flexible workspace leader, has opened a new location in Frisco, TX. The space was formerly operated by Common Desk, a WeWork company.
The new coworking office space is in the prestigiou...
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• AZ Seniors Housing Portfolio Lands $96 Mil Refi Loan
9/24/24
Douglaston Development and The Hampton Group Inc have obtained $96.5 mil in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan area...
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• Private Investor Pays $13 Mil for OR Neighborhood Retail Property
9/24/24
A private 1031 exchange investor from Eugene, OR paid $13 mil for Keizer Village Shopping Center, a 76.8k sf ($169/sf), 99%-occupied neighborhood shopping center in Keizer, OR. The center is anchored by Physiq Fitness and The...
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• Financing of Over $34 Mil Arranged on Four Seattle Assets in Separate Deals
9/23/24
Gantry has secured a total of $34.3 mil of loans to refinance four Seattle MSA assets owned by different and unaffiliated entities. Each transaction was funded through a life company lender and each structure provided the bor...
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• Tricon Residential Wrapping Up Work on Two Build-to-Rent Communities in Texas
9/23/24
Tricon Residential celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-ba...
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• NewMark Merrill Companies Launches New Retail Venture with Jermaine McMihelk
9/20/24
Calabasas-based NewMark Merrill Companies Inc has launched NewMark Merrill Hadler Community Partners, a new venture focused on the acquisition, development, management, and operation of retail centers in under-invested and un...
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• Stonelake Capital Partners Buys 80k sf of Industrial Space in Phoenix’s Deer Valley Submarket
9/20/24
Dallas-based Stonelake Capital Partners recently acquired an infill industrial portfolio comprising two small-bay buildings totaling 80k sf of space in Phoenix’s Deer Valley submarket. The price was not given out.
Situated a...
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• Colorado Grease Monkey Fetches $580/sf
9/18/24
A single-tenant property occupied by Grease Monkey in Lakewood, CO sold for $2.435 mil in a deal that had a cap rate of 6.40%. This is the lowest reported cap rate for a single-tenant Grease Monkey in Colorado in the past two...
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• Silicon Valley R&D/Office Building Sold for $169/sf
9/18/24
A 64k sf R&D/office building in San Jose traded hands in a $10.8 mil ($169/sf) transaction. The property was sold by The RMR Group.
The single-story building sits on 4.27 acres at 3939 N. First Street. It features modernized...
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• 104-Unit Res Community in South Central Austin, TX Trades
9/17/24
Thornton Flats, a 104-unit boutique multifamily in South Central Austin, TX, was acquired by Jesse Mamuhewa and David McCutchan of Resolute Capital Partners. The price was not disclosed.
Built in 2017, Thornton Flats is loca...
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• BKM Capital Partners Spends $21 Mil on 153k sf Vegas Biz Campus
9/17/24
BKM Capital Partners has acquired Escondido Business Park, a two-building, 153.4k sf multi-tenant light industrial park in the Airport submarket of Las Vegas, for $21.3 mil ($139/sf). The small-bay property will be upgraded a...
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• DXD Capital Starts Work on New Self-Storage Facility in Hawaii
9/16/24
DXD Capital has broken ground on a new Class A storage facility in Kihei, HI. Once constructed, the facility will have 355 individual storage units totaling 45.8k sf of space located in the Maui Research & Technology Park in ...
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• Optimus Properties Buys Retail Strip Center in Hollywood
9/16/24
Optimus Properties LLC has acquired a 19.9k sf retail strip center in Hollywood for $9.5 mil ($477/sf). The property, which sits on a 42.1k sf lot at 5214-5232 W. Sunset Blvd, traded via a court ordered sale.
The property i...
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• Washington State Multifamily Community Gets New Owner
9/13/24
CentrePointe Greens, a 186-unit garden-style multifamily property in Everett, WA, traded hands in a recent sale. Located at 8600 18th Ave. W, the property was built in 1990 and features one-, two- and three-bedroom units aver...
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• Washington Res Development Secures $25 Mil in Construction Money
9/13/24
Saltese Creek, a new 192-unit multifamily project in Spokane Valley, WA, has landed $25.3 mil in construction financing. The project, located just south of the intersection of S Tschirley Rd and E 6th Ave, is being developed ...
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• Mark IV Capital Receives LEED Certification for Recently Completed 815k sf Industrial Facility in Nevada
9/12/24
Mark IV Capital’s recently constructed Building A, a Class A, 815.2k sf industrial asset at Victory Logistics District in Fernley, NV, has received Leadership in Energy and Environmental Design (LEED) certification from the U...
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