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• AZ Office Property Gets New Owner in $5.4 Mil Deal
5/17/24
A Class A, two-story 31.4k sf office building in Glendale, AZ sold for $5.375 mil ($171/sf). The freestanding building was vacant at time of sale.
Located at 5656 W Talavi Blvd, the property is situated in a dense urban infi...
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• Fresno Self-Storage Facility Trades for $8.2 Mil
5/17/24
An affiliate of Pratt Street Capital LLC purchased a 1,085-unit self-storage facility in Fresno in a recent, $8.2 mil ($7.5k/unit) transaction. The property, Cherry Ave Self-Storage, is located on 5.74 acres at 1844 S Cherry ...
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• Birtcher Anderson & Davis and Nuveen Spend $26.5 Mil on San Diego-Area Industrial Asset
5/15/24
A joint venture between Birtcher Anderson & Davis and Nuveen acquired a 107.6k sf, multi-tenant industrial building located in San Diego’s Miramar submarket for $26.5 mil ($246/sf). The building is located at 7949 Stromesa Ct...
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• Chicago Title Introduces New National Self-Storage Group
5/14/24
Chicago Title National Commercial Services California has launched the Chicago Title National Self-Storage Group. The new entity will be led by seasoned self-storage finance veteran, Chuck Mills as Vice President, National Sa...
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• Time Equities Inc Buys 145-Unit Student Housing Asset in Huntsville, TX
5/14/24
Time Equities Inc has acquired The Armory, a student housing property located near Sam Houston State University (SHSU) in Huntsville, TX. The property, which features 145 units and 502 beds, was sold by Stonemont Financial, a...
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• Hines and Trez Capital Start Work on 600-Acre Master-Planned Community in Texas
5/14/24
Hines and Trez Capital have broken ground on Northspur, a 700-acre master-planned community located east of Dallas in the city of Terrell, TX. Northspur will consist of approximately 1,500 single-family homes with a variety o...
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• Hines and Clearwater Living Senior Housing Fund V Team Up with an Institutional Partner to Recapitalize and Rebrand a Luxury Senior Living Facility in Houston
5/13/24
Hines, Clearwater Living Senior Housing Fund V (a Clearwater Living investment vehicle) and an institutional investor have formed a joint venture to successfully recapitalize and rebrand Clearwater at The Heights in Houston. ...
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• Unique Irvine Investment/Development Site Put on the Market
5/10/24
We’ve just learned of a 3.73-acre office/data center mixed-use property in Irvine that has been put on the market. The property, located at 2525 Main St, is currently improved with 104.4k sf of office space, 38.9k sf of data ...
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• Two Seattle Residential Assets Land New Financing in Deals Totaling $14.5 Mil
5/09/24
Two Seattle multifamily properties secured new financing in separate permanent loan transactions totaling $14.5 mil. Both deals were arranged by Mike Wood and Colin Ceithaml with Gantry for different private investor borrower...
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• Retail Property in San Francisco Trades in $9.3 Mil Deal
5/06/24
Pacific Capital paid $9.35 mil for 2145 Market St, a 29.8k sf ($314/sf), trophy retail asset in San Francisco. The property was sold by a private family trust.
2145 Market is 100% leased to investment-grade tenant Walgreens...
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• Community Preservation Partners Acquires 14-Unit Housing Asset in the San Fernando Valley
5/03/24
Community Preservation Partners has acquired Canoga Park Apartments, an affordable housing development in the western San Fernando Valley. This is the fifth community in the greater Los Angeles area for CPP and the 60th in th...
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• Phoenix Dev Site Goes for $13 Mil
5/02/24
Scottsdale-based Aspirant Development purchased a 3.29-acre land parcel in downtown Phoenix for $13 mil ($91/sf). The parcel, located at 1500 N. Central Ave, is planned for the development of a 25-story res tower.
The planne...
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• Rockefeller Group Starts Work on 600k sf Distribution Project in Riverside
5/01/24
Rockefeller Group has begun construction of Sycamore Hills Distribution Center on 34.63 net acres in Riverside. The project includes two buildings totaling 603.1k sf: a 400k sf building (Building A) and a 203.1k sf building (...
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• Washington Industrial User Trades for $26.6 Mil in Owner/User Buy
4/30/24
KRL Legacy LLC, an entity of Ace Relocation System Inc, purchased Pike Distribution Center, a 108k sf industrial property in Auburn, WA, for $26.65 mil ($247/sf). The asset was sold by CenterPoint Properties.
Pike Distributi...
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• 260k sf Light Industrial Asset in Texas Acquired by MIG Real Estate Entity
4/29/24
In a recent light industrial property trade in Texas, SouthTech Business Center, a four-building, 260.1k sf Class A property in Austin, was acquired by a 1031 investor represented by MIG Real Estate. The 93% leased property, ...
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• Class A Office Building in Glendale’s Financial District Put on the Market
4/29/24
Here’s news of a 136.6k sf, Class A office building in the heart of Glendale’s financial district that’s been put on the market. The building, situated on 0.87 acres at 700 N. Central Ave, is an eight-story, multi-tenant stru...
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• Online Luggage Company Leases 40k sf of Distribution Space in Arizona
4/26/24
Portmantos Inc has agreed to a five-year, $2.56 mil lease for 40k sf ($1.06/sf/mo) of logistics space in Tempe, AZ. The online luggage and travel accessory company will be occupying part of a Class A, multi-tenant facility lo...
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• 94k sf Phoenix Light Industrial Facility Becomes a Top 10 Property
4/26/24
Pinnacle Peak Commerce Center, a freestanding 93.7k sf, Class A light industrial building in the Deer Valley submarket of Phoenix, was acquired by Top 10 Properties in a $21.85 mil transaction. The property was 100% leased to...
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• AZ Retail Center Gets New Owner in $5.5 Mil Transaction
4/25/24
Avenue at Olive Park, a fully leased, 20.5k sf retail center in Glendale, AZ traded for $5.5 mil, or $268/sf. The property is situated on almost three acres at 5814 W. Olive Ave, at the northeast corner of Olive and 59th Aven...
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• University of California, Irvine Graduate Student Team Wins NAIOP SoCal Orange County Real Estate Challenge
4/25/24
The graduate student team from the University of California (UCI), Irvine Paul Merage School of Business Center for Real Estate was named the winner at the third annual NAIOP SoCal Orange County Real Estate Challenge.
The a...
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