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• Constellation Real Estate Partners and Crow Holdings Capital Pick Up 52 Acres in El Paso, Texas
5/03/22
Constellation Real Estate Partners and a Crow Holdings Capital-advised fund have acquired 52.29 acres of land on Bill Burnett Dr in El Paso, TX for the development of a three-building, 798.5k sf state-of-the-art industrial pr...
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• LDK Ventures to Build 345k sf Industrial Park in Idaho
5/03/22
LDK Ventures plans to build a three-building, 345k sf industrial park in Nampa, ID, approximately 20 miles west of Boise. The project, located at the corner of Madison Rd and E Cash Lane, is being funded with a $37.4 mil seni...
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• Strategic Storage Trust VI Picks Up Portland Area Self-Storage Property
4/29/22
Vancouver Self Storage, a 1,134-unit, all climate-controlled self-storage facility in the Portland-area community of Vancouver, WA, was acquired by Strategic Storage Trust VI Inc. The property was sold by an affiliate of Bann...
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• New Luxury Res Community in West Hollywood Starts Pre-Leasing
4/29/22
Empire at Fairfax, a new 34-unit luxury boutique residential apartment community with ground-floor retail spaces, has been completed and is currently in the pre-leasing phase with move-ins beginning in May 2022. The five-stor...
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• Washington Power Center Goes for Over $18 Mil
4/28/22
Transnational Management paid $18.4 mil for Skagit Valley Square, a 166.8k sf ($110/sf) retail power center in Mount Vernon, WA. The property, located at 102-310 East College Way, adjacent to Interstate 5 and approximately 25...
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• Rockefeller Group Spends $4.26 Mil on Six Acres in North Las Vegas
4/27/22
Rockefeller Group has purchased a six-acre parcel in the North Las Vegas industrial submarket for $4.26 mil. The company will develop Nellis Logistics Center, a 134.1k sf speculative distribution facility on the property, wh...
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• Hines Global Income Trust Picks Up Portland Area Call Center Property
4/26/22
Hines Global Income Trust has purchased a single-story, call center building totaling 211.9k sf in the Portland-area community of Hillsboro. The property, located at 10500 NE Walker Rd, was sold by an unnamed public REIT.
Th...
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• 266-Acre NoCal Property Trades for Over $7 Mil
4/22/22
A unique, 266-acre property in NoCal’s Mount Shasta traded hands in a $7.15 mil transaction. The property, purchased by a Bay Area private investor, sits roughly 60 miles south of the California/Oregon border. The transaction...
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• Local Investor Closes $25 Mil Exchange into Texas Shopping Center
4/22/22
A Texas-based 1031 exchange investor paid $25 mil for Northcrest Village, a 136.1k sf ($184/sf) shopping center in Carrollton, TX. The property, located at 3044 Old Denton Rd, was sold by an Oklahoma-based developer.
Northc...
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• Greenlaw Partners Invests $24.5 Mil in San Diego Industrial Acquisition
4/22/22
In a recent San Diego-area industrial buy, Greenlaw Partners purchased San Diego International Center, a 106.6k sf industrial warehouse in Otay Mesa. The property, located at 2323 Avenida Costa Este, traded for $24.5 mil ($23...
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• Phoenix Medical Office Building Trades for $338/sf
4/21/22
Grunow Memorial Medical Center, a 53k sf medical office building in Phoenix, was purchased by a private Canadian investor for $17.9 mil ($338/sf). The property was sold by Meridian after the firm had renovated and repositione...
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• BH Properties Buys 245k sf Texas Retail Center
4/20/22
LA-based BH Properties has acquired Round Rock Crossing, a 245.6k sf strip retail center in the Round Rock suburb of Austin, TX. Built from 2004 to 2006, the eight-building property is located within a major retail corridor i...
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• RM Communities Closes 64-Unit OR Res Purchase
4/20/22
RM Communities has purchased Edison Apartments, a 64-unit apartment community in Gresham, the largest suburb of Portland, for $19.5 mil ($305k/unit). The asset was sold by Trion Properties, who acquired it in October 2020 for...
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• Next Wave Investors Buys 232 Res Units in Texas
4/19/22
Next Wave Investors LLC has acquired Casa Luna Apartments, a 232-unit apartment community in Dallas, TX. The addition of Casa Luna, located at 8411 La Prada Dr E, brings Next Wave’s multifamily portfolio in the Dallas-Fort Wo...
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• ViaWest Group and Nicola Wealth Real Estate Team Up to Develop 20.77 Acres of Permit-Ready Land in Mesa
4/15/22
ViaWest Group and Nicola Wealth Real Estate have purchased a 20.77-acre industrial development site in Mesa, AZ for $9.692 mil. The development will be called Advanced Industrial Park.
The development will be comprised of th...
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• Phoenix Res Community Acquired by FSO Capital Partners in $33 Mil Deal
4/15/22
FSO Capital Partners has purchased Park Central Luxury Townhomes, a 56-unit townhome rental community in Phoenix, for $33.5 mil ($598k/unit). The property was sold by Next Wave Investors LLC, who acquired the community for $2...
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• FD Stonewater Picks Up 223k sf AZ Industrial Building
4/14/22
FD Stonewater, an Arlington, VA-based real estate firm, purchased Alside Distribution Center, a 222.6k sf industrial building in Yuma, AZ. It was sold by Merit Properties.
Alside Distribution Center, located at 7550 East 30t...
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• Scottsdale, AZ Office Building Sells for Over $500/sf
4/13/22
A 10.7k sf office property in Scottsdale, AZ was purchased by a NoCal-based private investor for $5.7 mil, which works out to $531/sf.
Located at 20865 North 90th Place, the high-image property sits within the exclusive DC R...
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• UCLA Anderson Ranked 7th Top Real Estate Program by U.S. News
4/12/22
UCLA Anderson School of Management has been named the 7th best real estate MBA program by U.S. News & World Report (U.S. News). The publication’s 2023 Best Business Schools survey is the leading business school survey in the ...
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• KBS Obtains UL Verified Healthy Building Mark for Indoor Air for Over 14 msf of Its Properties
4/11/22
KBS has completed the verification of more than 14 msf of Class A office space in its real estate portfolios, achieving the UL Verified Healthy Building Mark for Indoor Air.
For buildings to earn verification, each proper...
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