| Phenix Salon Suites Building in Redondo Beach Sells for $666/sf
A Manhattan Beach-based private investor paid $6.325 mil for a single-tenant net-leased investment occupied by Phenix Salon Suites in Redondo Beach. The 9.5k sf ($666/sf) property is located within King Harbor Plaza, a Smart ...
| AZ Medical Office Trade Closes at $326/sf
In a recent AZ medical office buy, Evergreen Medical Properties paid $8.8 mil for Plaza Town Center Professional Plaza, a 27k sf ($326/sf) property located at 9139 W Thunderbird Road in Peoria. The property was sold by Garnet...
| Gemdale USA Lands $94 Mil in Financing for a 189-Unit Res Project in Pleasant Hill
Gemdale USA has obtained $94.3 mil in construction financing for development of a 189-unit, four-story, Class A multi-housing development located in downtown Pleasant Hill.
Situated at 85 Cleaveland Rd, the property is loca...
| Investment Fund Acquires 70k sf Self-Storage Facility in the Phoenix Area
A fund sponsored by CBRE Investment Management has acquired a 70k sf, self-storage facility located in a northwest suburb of Phoenix. The purchase is part of the fundís strategy to acquire high-quality self-storage assets acr...
| Vegas Office Building Sells for $23.3 Mil
Marnell Corporate Center 3 (MCC3), a three-story, 71.4k sf office building in Las Vegas, sold for $23.3 mil, or $325/sf. The property was 87% occupied at the time of sale.
The asset was sold by Dornin Investment Group, who o...
| Colorado Office Properties Land $196 Mil Financing
Schnitzer West has obtained financing of $196 mil on the Fiddlerís Green Portfolio, consisting of Palazzo Verdi, Fiddlerís Green I and Fiddlerís Green II. The Class A office portfolio totals 748.4k sf and is located within Fi...
| Novo Capital Partners Team Joins CBRE
Gianni Novo and the Novo Capital Partners team have joined CBRE Capital Marketsí Debt & Structured Finance team in Los Angeles. The team is based in CBREís West L.A. office.
The team specializes in commercial real estate lo...
| Dalfen Industrial Closes $24.8 Mil Industrial Buy in Otay Mesa
Dalfen Industrial purchased an 86.7k sf, freestanding industrial building in San Diegoís Otay Mesa submarket for $24.85 mil ($287/sf). The property was sold by a partnership between Alcion Ventures and Lincoln Property Compan...
| CBRE Opens Full Floor WorkPlace360 Office at Vegas Mixed-Use Development
CBRE has opened its new 19k sf, full floor office at UnCommons, a 40-acre mixed-use in Las Vegas developed by Matter Real Estate Group. The new space, located at 8548 Rozita Lee Ave, was constructed with WELL certification st...
| Commercial Financing Briefs
GANTRY - Mark Ritchie, Mike Wood and Alex Saunders with Gantry secured a $35.45 mil, fixed-rate, permanent loan to refinance a single tenant, five-story, 200k sf office building located at 1601 Lind Ave SW in the Seattle subu...
| Washington Multifamily Community Lands $67 Mil Recapitalization
Bella Terra Apartments, a 235-unit multifamily complex in Mukilteo, WA, was recapitalized with new financing of $67 mil. The property is by a joint venture between Holland Partners Group and Principal Real Estate Investors, w...
| San Jose Multifamily Development Lands $345 Refi Loan
Bayview Development Group has obtained a $345 mil refi on Miro, a Class A, two-tower, 630-unit, high-rise multi-housing community located in downtown San Jose.
The bold and modern designed, two-tower 28-story Miro features s...
| Institutional Investor Spends $25 Mil on Pair of AZ Retail Assets
An unnamed institutional buyer paid $25.7 million for a retail portfolio comprising two shopping centers totaling 38.3k sf in Phoenix and Scottsdale, AZ. The assets were sold by MDC Realty Advisors, a subsidiary of Epic Inves...
| ViaWest Group to Start Work on 134k sf Denver Industrial Facility
Phoenix-based ViaWest Group is making its first market entry into Denver with plans to construct a 134.4k sf industrial facility just north of downtown. The freestanding, Class A industrial building, Downtown Distribution Cen...
| BKM Capital Partners Closes $38 Mil AZ Industrial Buy
BKM Capital Partners acquired Mesa Ridge Business Park, a seven-building, 153k sf light industrial park in Mesa, AZ for $38.35 mil ($251/sf). The seller was Mesa Ridge Business Park I LLC, a company formed by Randall Investme...
| SWC Development Partners Starts Work on 136k sf Distribution Facility in Surprise, AZ
SWC Development Partners broke ground yesterday on its second building within Skyway Business Park in Surprise, AZ. The 135.9k sf warehouse/distribution facility is located at 11701 North 132nd Ave.
The facility will include...
| Corner Development Site in Hollywood Acquired for Development of Planned Community Campus
A 65.6k sf parcel of contiguous land on the corner of Highland Ave and Sunset Blvd in Hollywood was purchased by Grammy Award-winning songwriter and producer Philip Lawrence. Lawrence, known for his long-time collaboration wi...
| Cogir-Led Venture Buys NoCal Assisted Living Facility
A joint venture between Cogir and a national investment partner spent $39.2 mil for Cortona Park, an assisted living community in Brentwood. Cogir will operate the community and has renamed it Cogir of Brentwood.
| Montecito Medical Buys Medical Office Property in the Dallas Area
Montecito Medical recently acquired a 7.2k sf medical office property in The Colony, an affluent, lakeside suburb approximately 20 miles northwest of downtown Dallas. The building, which opened in 2021, is, 100% occupied by T...
| Florida Company Buys 141k sf Idaho Logistics Facility
A brand new, Class A warehouse/distribution building totaling 141.4k sf on just over 30 acres in Meridian (Boise), Idaho was acquired by Tampa FL-based Carter Exchange, a Carter Funds company. The newly constructed logistics ...