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February 24, 2024
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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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• Donít 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 Managementís 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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• Colorado Industrial Property Gets New Owner in $13 Mil Deal
10/17/22
Plum Tree Plaza, a four-building industrial property totaling 73.2k sf in Fort Collins, CO, sold for $12.9 mil ($176/sf) in an off-market transaction. The property is located two miles from Colorado State University, three mi...
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• Washington State Industrial Investment Deal has a Price Tag of Almost $24 Mil
10/17/22
In a notable industrial trade out of the Pacific Northwest, Lacey Logistics, a 141.9k sf, Class A facility in Lacey, WA, sold for $23.8 mil ($168/sf). Lacey Logistics is located at 3130 Hogum Bay Rd NE in Thurston County, les...
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• Canadian Buyer Spends $40 Mil on AZ Retail Center
10/17/22
Laveen Park Place, a Class A, 109.2k sf retail shopping center in the Phoenix metro area, was acquired for $40.3 mil ($369/sf) by Tradewinds Capital LP, a private investor out of Alberta, Canada. The seller was LB 59th LLC, a...
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• Colliers Acquiring Controlling Interest in Arcadia Management Group
10/14/22
Real estate services firm Colliers will acquire a controlling interest in Arcadia Management Group Inc, a leading commercial real estate property management firm focused in the Southwest U.S. Arcadiaís senior leadership will ...
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• San Diego Investment Entity Picks Up AZ Office Building in $14 Mil Deal
10/14/22
Tempe Commerce Center, a 65.9k sf flex office property in Tempe, AZ, sold for $14.15 mil, or $215/sf. The single-story, multi-tenant building, located at 7420 S Kyrene Rd, was 53% leased at the time of sale to a mix of commer...
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• Arizona Development Site Snapped Up in $4 Mil Buy
10/11/22
A 4.18-acre development land parcel in Buckeye, AZ traded for $3.975 mil. The site, located at the northeast corner of Watson Rd and Sundance Pkwy, is expected to be used for construction of a medical office project. Hammes ...
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• Medline Leases 710k sf Facility in Salt Lake City
10/10/22
Medline inked a lease for a new 710k sf facility in Salt Lake City. Terms of the deal were not disclosed. The facility, located at 264 South 5750 West is slated for completion in the fourth quarter. Medline plans to occupy t...
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• Colorado Office Building Traded in $15.7 Mil Deal
10/07/22
A 69.9k sf office building in Greenwood Village, CO was acquired by a private investor for $15.7 mil ($225/sf). The building, located at 5500 Greenwood Plaza Blvd, was sold by Focus Property Group. 5500 Greenwood is situated...
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