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• Westport Properties to Develop New Industrial Facility in Henderson, NV
11/08/22
Westport Properties plans to develop a new, 81.5k sf industrial facility on a recently acquired land parcel in Henderson, NV. The company will begin construction in the first quarter of 2023.
The building, located at the cor...
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• Propeller Inc Lands at Field Office in Portland
11/04/22
Propeller Inc, an Oregon-based management consulting firm, has signed a new 11.7k sf lease in Portland’s North Pearl District. The company is relocating its Portland office to Field Office, located at 2035 NW Front Ave. Terms...
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• Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver
11/04/22
Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
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• Seven-Property Self-Storage Portfolio Traded
11/04/22
A seven-property self-storage portfolio in Arizona and Minnesota traded hands. The primarily Southwest and Midwest portfolio totals 606.2k sf sf of covered RV/Boat parking, and 20.4k sf of uncovered parking, totaling 5,890 un...
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• AZ Industrial Sales Comp Works Out to $159/sf
11/03/22
In an AZ industrial buy, Pennybacker Capital Management LLC paid $11.5 mil for a fully leased 72.1k sf ($159.50/sf) facility in Tempe. Known as the Tempe Industrial Center the freestanding building is 100% leased and serves a...
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• North Palisade Partners Starts Work on New Distribution Project in Vernon
11/02/22
North Palisade Partners has broken ground on Palisade Santa Fe Center, a 59k sf, Class A industrial property in Vernon. The site is located at 5655 Santa Fe Ave, south of I-10 and east of I-110 in the mid-cities L.A. area.
T...
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• BKM Capital Partners Closes $20 Mil Light Industrial Buy in the Seattle Area
11/01/22
BKM Capital Partners expanded its Puget Sound portfolio with the acquisition of Pacific Industrial Park in Marysville, WA for $20.3 mil. The Seattle-area, 122k sf light industrial park includes four buildings situated on 8.65...
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• Phoenix Office Building Trades for Over $9 Mil
10/31/22
Goodyear Financial Center, a 44.1k sf, multi-tenant office building in Goodyear, AZ, was purchased by a Seattle-based private investment entity for $9.2 mil ($209/sf). Located at 250 N Litchfield Rd in Phoenix’s West Valley ...
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• Seattle Investor Picks Up Retail/Creative Office Building in Phoenix
10/28/22
A Seattle-based investment company has purchased The Strip, a two-story, mixed-use, retail and creative office property in Phoenix, for $4.4 mil. Located at 4700 North 12th St, the multi-tenant development is 100% leased.
Th...
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• Don’t Miss NAIOP SoCal UCLA vs. USC Real Estate Challenge on Thursday, November 17
10/27/22
The much-anticipated UCLA Bruins vs USC Trojans Real Estate Challenge, one of the most popular commercial real estate industry in Southern California, returns on November 17 to the UCLA campus, just two days before the UCLA v...
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• Work Started on Affordable Housing Project in Hawaii
10/27/22
Work has begun on Kaulana Mahina Apartments, a 324-unit affordable housing project in Central Maui. The community is a development of a Legacy Partners-led venture that includes the AFL-CIO Building Investment Trust and other...
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• FUSE Workspace Buys Austin Office Building
10/26/22
FUSE Workspace, a locally based coworking company, has purchased a newly developed, 19.5k sf office building in Austin, TX. Located in the Dripping Springs submarket at 7710 N FM 620 13-D in Austin, TX, the asset is part of t...
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• Work Begins on 25k sf Chemistry & Biotechnology Building at Oceanside Campus of MiraCosta Community College
10/25/22
MiraCosta Community College District (MCCD) has started work on a new, 25k sf design-build, two-story Chemistry & Biotechnology Building. Set for completion in July 2024, this $35.1 mil complex is situated in one of the most ...
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• Standard Management Co Spends $11 Mil on El Segundo Office Property
10/24/22
Standard Management Co purchased Elevon at Campus El Segundo, a 15.7k sf creative office building in El Segundo, for $11 mil. The building, located at 2245 Campus Dr, will serve as Standard Management’s new corporate headquar...
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• SR Watt Company Spends $60 Mil on 188 Res Units in the Portland Area
10/21/22
SR Watt Company acquired two Class A suburban Portland multifamily properties totaling 188 units for $60 mil ($319k/unit). The purchases include the 101-unit Cannery Row, at 22550 SW Highland Dr in Sherwood, and the 87-unit W...
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• Investor Pays $427/sf for Colorado Medical Office Building
10/19/22
Park Meadows Medical Center, a multi-tenant, 34.7k sf medical office building with a surgery center in Lone Tree, CO, sold for $14.8 mil ($427/sf) in an off-market transaction.
Located at 9218 Kimmer Dr, the three-story buil...
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• Work Started on 192k sf Distribution Project in Spokane Valley, WA
10/19/22
Work has gotten underway on Green Acres Distribution Center, a 192k sf spec distribution project in Spokane Valley, WA. The project, situated on 9.8 acres at 17770 East Euclid Ave, is being developed by a joint venture of PCC...
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• Local Investor Buys Texas Office Building
10/19/22
Heritage Premier, a 48.3k sf office building in McKinney, TX, was acquired by a local private investor. located at 1575 Heritage Drive in McKinney, TX. The three-story property, located at 1575 Heritage Dr, was 95% occupied b...
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• Nuveen Real Estate Picks Up 337k sf Industrial Asset in La Mirada
10/18/22
Nuveen Real Estate has acquired a 337.1k sf, Class A industrial distribution project in La Mirada. Situated on over 14 acres, the two-building, multi-tenant property is 100% leased to three tenants.
Originally built in 1997,...
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• ViaWest Group Starts Work on 173k sf Spec Warehouse in Salt Lake City
10/18/22
ViaWest Group has broken ground on a new 172.8k sf Class A spec warehouse building in Salt Lake City, UT. Known as 5 South Commerce Center, the new development is scheduled for completion in the second quarter of 2023.
Marki...
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