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February 21, 2024
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• Private Investors Trade Office Building in San Diego’s Sorrento Mesa Area for $5.25 Mil
9/13/22
A 17.2k sf office building in San Diego’s 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
9/13/22
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
9/12/22
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
9/12/22
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
9/09/22
San Bernardino County’s 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
9/08/22
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
9/07/22
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
9/02/22
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
9/01/22
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
9/01/22
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
8/31/22
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
8/29/22
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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• Bio Huma Netics Buys 40k sf Building in Tempe, AZ
8/26/22
Bio Huma Netics Inc paid $10.5 mil for a 40.2k sf ($261/sf), freestanding warehouse building in Tempe, AZ. The building, situated on 3.3 acres at 3001 South Wilson St, was sold by Tempe-based Phoenix Plastics Products. Built...
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• Sonoma Biotherapeutics Inks Lease Yet-to-be-Developed R&D Facility in Seattle
8/26/22
Sonoma Biotherapeutics Inc has agreed to a long-term lease agreement for a yet-to-be-developed, 83k sf Research and Development (R&D) and Manufacturing Center in Seattle. The center will be located at 501 Elliott Avenue West,...
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• Flex Campus in South Torrance Sells for $21 Mil
8/26/22
Atrium Business Center, a 114k sf, flex office/industrial project located at 23800-23868 Hawthorne Blvd in South Torrance, sold for $21 mil ($184/sf) in an off-market deal. Initially built in 1973 as an industrial park, the...
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• Downtown Seattle Development Parcel Trades for $17.5 Mil
8/25/22
A 0.61-acre site in downtown Seattle’s Belltown neighborhood was acquired by an unnamed buyer for $17.5 mil. The 26.6k sf parcel, located at 2700 1st Ave, is zoned for residential development up to 267 units. The zoning allo...
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• Norpoint Communities Refinances Four Age-Restricted Res Properties in the Puget Sound Region
8/24/22
Norpoint Communities has landed $71.45 mil in separate permanent financings to refinance four 55-Plus age-restricted, active adult multifamily properties in the Puget Sound region. The financing was arranged by Gantry. The p...
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• CBRE Investment Management Picks Up Four-Building Medical Office Portfolio in South OC
8/24/22
CBRE Investment Management, on behalf of a fund it manages, has acquired a four-building medical office portfolio totaling 282.7k sf in the South OC city of Mission Viejo through a joint venture with Healthcare Realty Trust. ...
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• Kennedy Wilson Picks Up 260-Unit Multifamily Property in Albuquerque NM
8/24/22
Kennedy Wilson has acquired Cantata at the Trails, a 260-unit apartment community in Albuquerque, NM. Cantata at the Trails is the fifth addition to the company’s rapidly expanding Albuquerque property portfolio, which has gr...
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• Denver Storage Yard Property Generates $19 Mil Price
8/23/22
New York-based IG Logistics LLC and Meadow Partners have acquired a 26.7-acre industrial storage yard/trailer site in central Denver for $19 mil. Located at 409 West 66th Ave, the vacant property is zoned for outside storage ...
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