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• Phoenix Medical Office Building Sells for $244/sf
6/01/22
Cleveland, OH-based Woodside Health Development acquired Optum Center, a five-story, 81.9k sf ($244/sf) Class A multi-tenant office and medical building in Phoenix, for $20 mil. It was sold by Talia Jevan Properties, Inc. of ...
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• Trammell Crow Company and Clarion Partners LLC Start Work on 200k sf Bay Area Industrial Project
5/31/22
Trammell Crow Company and JV Partner Clarion Partners LLC have broken ground on a 205.2k sf industrial facility in Fairfield. The project, located at 2725 Low Court, is slated to be completed in the Spring of 2023.
The proje...
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• Rebranded Tower 300 Bringing New Look to Downtown Las Vegas
5/27/22
Tower 300, the former Bank of America building at 300 South Fourth Street in Las Vegas, is a downtown landmark in the city. Originally built in 1975, the 17-story tower reigned as the area’s iconic center of commerce, law, an...
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• Swift Real Estate Partners Obtains $32.5 Mil in Financing for Seattle Office Buy
5/26/22
Swift Real Estate Partners recently acquired 425 Pontius, a four-story, 75k sf boutique office building in Seattle for $39.5 mil ($525/sf), as reported by RENTV in April. We recently learned that the deal was financed with a ...
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• Renovated Cold Storage Building in Boise, ID Sells for $227/sf
5/26/22
A newly renovated 78k sf, industrial/flex/cold storage building situated on over three acres in the city of Boise, ID traded for $17.75 mil, or $227.50/sf. Located at 11193 Emerald St, the property was fully leased to four te...
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• Colorado Cold Storage Building Sells for Nearly $200/sf
5/24/22
A 31.6k sf, warehouse cold storage building on roughly four acres in Loveland, CO traded for nearly $6 mil ($190/sf). The buyer, WS Properties Loveland LLC, plans to convert the property from currently a single-tenant facilit...
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• Colorado Multifamily Community Lands New Financing of $58 Mil
5/24/22
The Bluffs at Castle Rock, a 220-unit, garden-style multifamily community in Castle Rock, CO, is being renovated and recapitalized, thanks to a new $58.2 mil senior loan. The funding is being provided to the joint venture own...
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• Apartment Community in Central Phoenix Sells for Over $26 Mil
5/23/22
The Willow, an 86-unit multifamily property in Central Phoenix, was purchased by in-state investment group for $26.7 mil, or $310.5k/unit. The property is located at 6315 North 16th St, near the Camelback Corridor, with an ab...
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• Lotus Company Spends $25 Mil on Colorado Office Asset
5/19/22
Lotus Company paid $25.4 mil for Church Ranch Corporate Center, a 124.5k sf ($204/sf), Class A office asset in Westminster, CO. The four-story, multi-tenant building, located at 10170 Church Ranch Way, along the US-36 / Denve...
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• Spokane, WA Industrial Sales Total $62 Mil
5/17/22
We’ve learned of two recent industrial sales in the Spokane, WA area that total roughly $62 mil. The deals were for a 306k sf building located at 9212 W Hallett Rd in Cheney (the Hallett Building), and a 111k sf building loca...
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• Arizona Retail Center Goes for $14 Mil
5/17/22
Coldwater Plaza, an 80.6k sf retail center shadow-anchored by Home Depot and Sam’s Club and located in Avondale, AZ, traded for $14 mil, or $174/sf. The property was sold by the original developer, WM Grace Companies, who bui...
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• Time Equities Buys Phoenix Biz Park
5/12/22
NY-based Time Equities Inc has purchased Paradise Village Office Park, a 268.5k sf office campus in Phoenix. The property was sold by Sterling Equities and Lincoln Property Company, which had co-owned the property for more th...
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• State-of-the-Art Retail Gun Range Facility Completed in Colorado
5/10/22
Construction has been completed on The Gallery Sportsman’s Club & Range, a new state-of-the-art facility featuring a high-tech shooting range, gear shop, coffee bar, restaurant, and lounge. The Lakewood, Colorado destination,...
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• Chapman University Defeats UCI in NAIOP SoCal’s Inaugural OC Real Estate Challenge
5/10/22
Students from the George L. Argyros School of Business & Economics at Chapman University successfully competed against a team from the University of California, Irvine to develop a winning land use proposal for a site in Anah...
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• Lincoln Property Company and Angelo Gordon Pick Up 77k sf Vista
5/10/22
A 76.9k sf industrial building in Vista was recently purchased by a joint venture between Lincoln Property Company and Angelo Gordon. The building will be repositioned for future life science use. The buyers obtained $27.4 mi...
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• AZ Creative Office Property Trades for Over $7 Mil
5/10/22
Fiesta Square, a multi-tenant creative-style office complex in Mesa, AZ, was acquired by Newport Beach-based Scriba Waldron Capital for $7.25 mil ($208/SF). The property consists of 35k sf of space within two two-story buildi...
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• MC Companies to Build 156-Unit Res Project in the Tucson Area
5/09/22
MC Companies plans to develop a $39.6 mil, 156-unit Class A multifamily development in the suburbs immediately north of Tucson, AZ, where renter demand continues to outstrip supply. The community, called Arroyo Verde, will be...
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• Westlake Village Office Asset Trades in $35 Mil Deal
5/06/22
The Harkham Family has purchased 2625 Townsgate, a 132k sf, Class A creative office property in Westlake Village, for $35.1 mil, or $266/sf. The acquisition was part of an exchange following the buyer’s $200 mil sale of 360 N...
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• TruAmerica Multifamily Picks Up 310-Unit Texas Apartment Community
5/04/22
TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving.
Rancho...
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• Escondido Multifamily Project Sells for $25 Mil
5/04/22
City Plaza, a newly built, 56-unit multifamily property in Escondido, sold for $25 mil, or $446.4k/unit. The four-story, 63.7k sf project is located at 300-330 South Escondido Blvd.
City Plaza, built in 2018, is located just...
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