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• A Collaborative of San Diego Design Leaders Reinvigorates the Design Center, Introduces Futuro Space
2/13/24
At the renowned San Diego Design Center, a classic 15.3k sf mid-century modern multi-building office campus located at 3605 Fifth Ave in San Diego’s Hillcrest neighborhood, local design leaders are joining forces to reinvigor...
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• MOB Investments Buys 75k sf Oregon Neighborhood Center
2/09/24
MOB Investments Inc has acquired Village @ Main Street, a 74.9k sf retail neighborhood center in Wilsonville, OR, for $25 mil ($334/sf) in an all-cash deal. The transaction closed at a 7.39% cap rate.
Built in 1999, the prop...
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• Las Vegas Office Building Acquired in $2.8 Mil Sale
2/09/24
An 18k sf, two-story office building in Las Vegas traded for $2.8 mil ($156/sf). Located at 6100 Elton Ave, the building can accommodate a variety of layout configurations, allowing an owner-user to occupy or a single or mult...
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• AZ Retail Center Gets New Owner in $8 Mil Deal
2/08/24
The Marketplace at Signal Butte, a 116.4k sf retail center in Mesa, AZ, sold for $8 mil ($69/sf). The property, built in 1997, currently houses seven tenants on triple net leases.
Located at 10623 East Main Street, Marketpla...
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• ViaWest Group Acquires 428k sf AZ Industrial Portfolio
2/08/24
ViaWest Group has completed the acquisition of a 428.4k sf industrial portfolio totaling 428,427 square feet in Gilbert, AZ. With average rents currently positioned 30% below market rates and an average of three years of rema...
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• Maricopa County Buys 94k sf Office Building in Phoenix
2/08/24
Elevate at Dunlap, a four-story, 93.7k sf single-tenant office building in Phoenix, was purchased by Maricopa County in an $11.3 mil ($120/sf) transaction. The center, located at 2233 West Dunlap Ave, was unoccupied at the ti...
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• MCA Realty Picks Up 70k sf Colorado Industrial Property
2/07/24
In a recent industrial buy out of Colorado, MCA Realty Inc paid $9.2 mil for Commerce Center I, a three-building 70.3k sf ($131/sf) industrial business park in Aurora. The property, located at 15200 East 33rd Place, 15250 Eas...
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• BKM Capital Partners Spends $24.5 Mil on Portland Industrial Property
2/07/24
BKM Capital Partners purchased Airport Way Corporate Park, a three-building, 140.7k sf industrial property in Portland, for $24.53 mil ($174/sf). The buildings were 97% leased at the time of sale to 15 tenants representing f...
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• Alamo Group and Covenant Real Estate Group Buy 120k sf Washington Retail Center
2/06/24
Walla Walla Town Center, a 120.2k sf shopping mall in Walla Walla, WA, was acquired by a real estate entity consisting of Alamo Group and Covenant Real Estate Group. The price was not disclosed.
Easily accessible from U.S. H...
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• Howard Schwimmer to Be Inducted into NAIOP SoCal’s Hall of Fame
2/05/24
Rexford Industrial Co-CEO and Director, Howard Schwimmer will be inducted into NAIOP SoCal’s Hall of Fame as part of its 2024 Industry Awards Gala. Now in its third year, the NAIOP SoCal Awards Gala recognizes excellence acro...
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• Bela Flor Communities Obtains Construction Loan of $35 Mil for AZ Res Development
2/02/24
Arizona-based Bela Flor Communities has secured a construction loan of $35.25 mil for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, AZ. The property is currently under construction and is expected to open ...
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• Dalfen Industrial Pays $194/sf for Washington Industrial Asset
1/31/24
Dalfen Industrial has purchased a 26.9k sf industrial property in Auburn, WA for $5.225 mil ($194/sf). It was sold by a private investor.
The property, covering 2.15 acres of land at 214 21st Street SE, offers a unique blend...
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• Goldenrod Companies and Reserve Capital Partners Buy 300k sf Office Asset in Texas
1/31/24
Goldenrod Companies and Reserve Capital Partners acquired Collins Crossings, a 300.9k sf office building located along North Central Expressway in Richardson, TX. The price was not disclosed.
Collins Crossing is an 11-story,...
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• LA Investor Spends $9.5 Mil on Retail Center in North Las Vegas
1/31/24
A Los Angeles-based private investor paid $9.5 mil for Deer Springs Shoppes, a 28.2k sf ($337/sf) retail center in North Las Vegas. The three-building property, located at 640 and 680 E. Deer Springs, and 675 Dorrell Lane, is...
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• Phase One of New 200k sf CO Industrial Project is Fully Leased
1/30/24
Phase I of Elevation25, a two-building, 203.7k sf Class A industrial development situated on 12 acres in Mead, CO, is fully leased. Leanin’ Tree, an independent greeting card company, signed a 10-year, full-building lease tot...
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• BKM Capital Partners Buys 123k sf Denver Industrial Building
1/30/24
BKM Capital Partners has acquired West 6th Center, a 122.8k sf small-bay industrial building in Denver, for $10.75 mil ($87.50/sf). The facility is fully occupied by three companies.
BKM will invest $7 mil into a value-add r...
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• BH Properties Buys 153k sf TX Office Asset
1/26/24
BH Properties acquired Parkway Centre IV, a 153.2k sf office building located along the Dallas North Tollway in Plano, TX. Purchased from an investment entity of Goldman Sachs, the property boosts the Los Angeles-based invest...
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• Newmark Lands Leasing Assignment for 1.2 msf Plaza of the Americas Complex in Dallas
1/25/24
Newmark was awarded the leasing assignment for Plaza of the Americas, a 1.2 msf, mixed-use complex in Dallas. The asset is owned by a joint venture between Glen Park Capital and Shelbourne, a New York-based commercial real es...
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• Texas Medical Office Property Sells for $930/sf
1/24/24
A 1031 exchange private investor from Texas paid $7.44 mil for an 8k sf ($930/sf) medical office property in Watauga, TX, a suburb of Dallas-Fort Worth. The property sits on just over one acre at 7748 Denton Hwy.
The propert...
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• Historic Adaptive Reuse Property in L.A.’s Arts District Listed for Sale
1/24/24
Here’s news of a notable foreclosure sale in the heart of Los Angeles’s Arts District. The property is AtTraction, a 58.1k sf, historic adaptive reuse asset consisting of two buildings at 800-810 Traction Ave.
The property i...
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