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• Medical Office Building in Phoenix Sells for Just Over $9 Mil
6/17/22
A 24.8k sf, multi-tenant medical office building in Phoenix traded hands in a recent deal worth $9.05 mil ($365/sf). The freshly renovated, two-story building, known as Missouri Professional Plaza, is 100% leased to a highly ...
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• AZ Flex Property Gets New Owner in $11 Mil Deal
6/16/22
A 56.2k sf, flex office property in Tempe, AZ was purchased for $11 mil ($195/sf) by RSE Capital Partners LLC. Located at 8123 South Hardy Dr, the single-story building will soon be fully vacant following the departure of its...
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• WG Group Picks Up 110k sf Phoenix Office Asset
6/16/22
WG Group has acquired Foothills Corporate Centre I, a 110.4k sf, value-add office building in Phoenix. The price was not given out.
Located at 14415 S 50th St, Foothills Corporate Centre I is a single-story, 110.6k sf back o...
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• CBRE Investment Management Acquires 230k sf Phoenix Industrial Asset
6/15/22
CBRE Investment Management purchased Freeway Logistics Center, a three-building, 230.4k sf Class A industrial complex situated on 19 acres in Phoenix. Built in 2017, the multi-tenant complex that provides frontage along Inter...
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• Phoenix Res Community Trades in $32 Mil Deal
6/15/22
Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, was sold in a $32.1 mil ($178.3k/unit) transaction. The asset was sold by Tower 16 Capital Partners, who acquired the property in December 2019 for $11...
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• Industrial Facility in the Bakersfield Area Goes for $12 Mil
6/14/22
A fully leased 80k sf industrial building in Shafter, CA – in the Bakersfield area -- traded for $12 mil in an off-market transaction. The building sits on 4.7 acres but comes with an adjacent 15.56 acres of undeveloped surpl...
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• Clise Properties Has Acquired 100% Interest in Seattle Class A Office Tower
6/14/22
Clise Properties has acquired 100% interest in 1700 7th Avenue, a Class A+ office tower in downtown Seattle. Clise Properties, a family-owned and -operated Seattle real estate developer, originally developed the building and ...
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• MAG Capital Partners Buys 27 Resort Condo Units in Moab, UT
6/13/22
MAG Capital Partners LLC, acquired 27 resort condominium units at 2331 Mesa Road in Moab, UT, part of the seven-acre Sage Creek at Moab resort, with plans to develop an additional 60 units. The bank-owned real estate was purc...
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• TruAmerica Multifamily Completes $54 Mil Multifamily Purchase in Washington
6/13/22
TruAmerica Multifamily has acquired The Dakota, a 156-unit garden-style apartment community in Lacey, WA, a suburb of Olympia, for $54 mil ($346k/unit). The 15-year-old institutional quality asset brings the number of multifa...
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• Montecito Companies Picks Up adjacent Medical Office Buildings in Las Vegas for $8.4 Mil
6/10/22
Nashville, TN-based Montecito Companies acquired two adjoining medical office buildings in Las Vegas in a sale/leaseback transaction valued at $8.4 mil. The buildings, located at 7189 and 7195 Advanced Way, are equal sized an...
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• Preservation Equity Fund Advisors LLC Closes Its WNC Preservation Equity Fund 2, L.P.
6/09/22
Preservation Equity Fund Advisors LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, has closed its WNC Preservation Equity Fund 2, L.P. It achieved ...
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• Starpoint Properties to Build 155k sf Industrial Facility in Central Denver
6/09/22
Starpoint Properties plans to construct a new, 155k sf Class A, LEED-certified, state of the art industrial/warehouse project on 9.5 acres in central Denver. The two-building complex, named Point Central Business Park, is str...
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• EverWest Real Estate Investors Closes $17 Mil San Diego Industrial Buy
6/08/22
EverWest Real Estate Investors purchased a 55k sf industrial asset in San Diego’s Miramar submarket for $17.3 mil, or $315/sf. The asset was sold by a joint venture between Stos Partners and Long Wharf Capital, who acquired t...
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• Premier Workspaces Celebrates 20 Years of Business and Growth
6/06/22
Premier Workspaces, one of the largest privately-owned executive suites, coworking, and shared workspace companies in the United States, is celebrating its 20th anniversary. Premier Workspaces was founded in 2002 in Irvine, C...
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• Agora Realty and Management Pays $285/sf for Sacramento Area Retail Center
6/06/22
Agora Realty and Management purchased Antelope Marketplace, a 115.5k sf retail center located at 7901 Walerga Road in Antelope, a suburb of Sacramento, for $33 mil ($285/sf). The property was sold by Philips Edison & Company....
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• TA Realty Buys 35k sf Industrial Asset in Phoenix’ Deer Valley Submarket
6/03/22
Boston-based TA Realty picked up a 34.8k sf, NNN-leased industrial building situated on a 4.2-acre land parcel in Phoenix’ Deer Valley submarket in a $7.25 mil ($208/sf) transaction. The asset was sold by a private investor o...
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• KB Development Adds 280-Unit Phoenix Apartment Asset to Its Portfolio
6/03/22
KB Investment Development purchased Green Leaf Arts District, a 280-unit apartment property in Phoenix. The price was not disclosed.
Located at 222 E McDowell Rd, the 2017-completed property sits in Phoenix’s central busines...
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• Casino/Hotel Development Completed in Tacoma, WA
6/02/22
Work has been completed on the Emerald Queen Casino and Hotel, a 310k sf resort property in Tacoma, WA. The project, a development of the Puyallup Tribe of Indians, was designed by global architecture firm Cuningham.
The des...
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• Industrial Building in Washington Traded for Nearly $35 Mil
6/02/22
Dalfen Industrial acquired the Rainier Industries Building in Tukwila, WA for $34.8 mil. Located at 18375 Olympic Avenue South, the 135.5k sf ($257/sf) building sits on 6.76 acres of land in one of the country’s most highly s...
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• Oahu Mixed-Use Portfolio Recapitalized in $65 Mil Financing Deal
6/01/22
A mixed-asset portfolio located on the island of Oahu has been recapitalized with $65 mil of permanent money. The two financed properties are Hanua Logistics Center, a recently completed 226.9k sf, Class A warehouse facility,...
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