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December 9, 2023
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• DCG Fulfillment Leases 306k sf in Lathrop, CA
In a NoCal logistics lease, DCG Fulfillment inked a deal for 306.4k sf of space in Lathrop, about 10 miles south of Stockton. The space is part of a 610k sf industrial warehouse located at 3645 W. Yosemite Ave. The facility ...
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• NAIOP SoCalís Annual Night at the Fights to be Held October 6 in Costa Mesa
NAIOP SoCal will hold its much anticipated industry event of the year, Night at the Fights, on October 6 at the OC Fair & Event Center, Hangar Building in Costa Mesa. More than 1,000 commercial real estate professionals are e...
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• Ellis Partners Buys 87k sf R&D Campus in Sunnyvale
Ellis Partners purchased an 87.1k sf value-add R&D campus in Sunnyvale for an undisclosed amount. The campus, located at 333 and 385 Moffett Park, is comprised of a 75.9k sf two-story building and an 11.2k sf one-story buildi...
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• Copper State Bolt & Nut Starts Work on Distribution Center in Goodyear, AZ
Copper State Bolt & Nut Co has broken ground on a new 39.5k sf, Class A distribution center on five acres they acquired within the PV 303 industrial park in Goodyear, AZ. The project represents an expansion of the Phoenix-bas...
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• NDL Group Inc Collects Over $5 Mil from Building Sales at Camino Al Norte Office Park in Las Vegas
Six grey shell office buildings totaling 33.8k sf within Camino Al Norte Office Park in North Las Vegas were sold to five private buyers in four deals worth $5.05 mil. The properties were sold by Las Vegas-based seller and de...
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• BLT Enterprises Closes on $130 Mil of SoCal Industrial and Creative Office Acquisitions
BLT Enterprises recently acquired seven SoCal industrial and creative office properties for a total of $130 mil. Located throughout Los Angeles County, Orange County, and San Diego County, California, the acquisitions total n...
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• Texas Single-Tenant Retail Ground Lease Trades Between Dallas Investors
A Dallas-based private investor purchased the ground-lease of a single-tenant retail property occupied by Salad and Go, a gourmet salad drive-thru restaurant chain, in Mesquite, TX. Located at 1950 N. Town East Blvd, the 800 ...
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• Silicon Valley Medical Office Building Sells for $552/sf
A 35.3k sf medical office building in San Jose was purchased for $19.5 mil ($552/sf) by the propertyís current tenant, El Camino Health. The building, located at 625 Lincoln Ave, was sold by The Sobrato Organization. El Cami...
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• Private Investors Trade Office Building in San Diegoís Sorrento Mesa Area for $5.25 Mil
A 17.2k sf office building in San Diegoís Sorrento Mesa submarket traded to a local private investor for $5.25 mil, or $305/sf. Built in 1982, the property is located at 5752 Oberlin Drive. The two-story office building sits...
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• STAG Industrial Purchases 234k sf Fresno Industrial Property for $30 Mil
STAG Industrial, a publicly traded REIT, paid $30.04 mil for a 233.8k sf industrial asset occupied by Caro Nut in Fresno. The property was sold by Caro Nut, a producer of nuts and nut butters for blue-chip retail customers su...
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• AZ Developer Secures $57 Mil in Construction Money for 187-Unit Tempe Res Project
A Scottsdale, AZ-based commercial developer has obtained $57.9 mil in construction financing for a 187-unit multifamily development in north Tempe. The mid-rise, Class A project is located immediately adjacent to a Valley Met...
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• Preservation Equity Fund Advisors Picks Up Two Affordable Housing Communities in Colorado
Preservation Equity Fund Advisors LLC (PEF Advisors) has acquired Reflections Senior and Woodbridge Senior Apartments in Fort Collins, CO, two affordable housing communities located in a market with a high cost of living. ...
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• San Bernardino County State of the County and Regional Business Summit to be Held Wednesday, Oct. 5, 2022
San Bernardino Countyís 2022 State of the County and Regional Business Summit will take place on Wednesday, Oct. 5, 2022. Each year the event attracts 1,000 business, government, and community leaders to hear more on what is ...
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• Local Investor Pays $14.7 Mil for Denver Office Building
Denver-based Flywheel Acquisitions LLC paid $14.7 mil for a 63.3k sf ($232/sf) office building on nearly 2.3 acres in Denver. Located at 4100 E Arkansas, the three-story building is currently fully leased to a single tenant. ...
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• FlexHQ Spends $10.8 Mil on Denver Building
FlexHQ has paid $10.8 mil for a 76k sf ($142/sf) building in Denver to serve as the first Colorado outpost of its industrial co-working brand. The company acquires traditional warehouses and turns them into adaptable co-wareh...
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• Universe Holdings Closes on 160-Unit Multifamily Community in the Inland Empire
In a recent Inland Empire multifamily trade, Universe Holdings purchased Stonegate Apartments, a 160-unit multifamily asset in Riverside. The price was not given out, however, we can tell you that the deal was financed with a...
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• Northmarq to Acquire Stan Johnson Company
Northmarq has entered into a definitive agreement to purchase Stan Johnson Company, a real estate brokerage and advisory firm that focuses on investment sales across multiple asset classes. The acquisition will also include a...
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• New 365k sf Colorado Life Sciences Development Set to Break Ground
PMB, in partnership with Montgomery Street Partners, is developing a new 365k sf life sciences project in Boulder County, CO named Coal Creek Innovation Park. Located in Downtown Superior, the innovation park will be the firs...
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• NY Investor Pays $869/sf for New LA Area Retail Property Pre-Leased to Target
A New York-based private investor paid $48.7 mil for a 56k sf ($869/sf), freestanding retail property in Huntington Park. The property, located at 5731 Bickett St, is expected to be completed by developer Shane Companies in J...
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• GXO Logistics Supply Leases 468k sf Industrial Property in Everett, WA
GXO Logistics Supply inked a lease for a 468.3k sf manufacturing/distribution building in the Bomarc Business Park in Everett, WA. GXO is expanding its existing footprint by 35% in the freestanding building, located at 9205 A...
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