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• Stillwater Capital Investments Buys 16.6-Acre Development Site in Mesa, AZ
4/08/22
Dallas-based Stillwater Capital Investments acquired a 16.6-acre multifamily development site in Mesa, AZ in an $11.1 mil transaction. Stillwater plans to construct a brand new 373-unit Class A apartment community on the site...
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• Veleta Capital LLC and Oaktree Capital Management Team Up for New Lending Platform
4/07/22
Veleta Capital LLC and funds managed by Oaktree Capital Management L.P. have launched a strategic joint venture, Veleta Capital Partners (“VCP”), creating an institutional lending platform for multifamily and commercial real ...
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• Magma Equities and Franklin Templeton Pick Up 281-Unit Multifamily Community in Texas
4/07/22
Magma Equities, in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas. The purchase represents Magma’s fourth multifamily investment...
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• 33-Bed Acute Medical Center in Kansas Trades in $40 Mil Deal
4/06/22
A 64k sf, 33-bed acute medical center in Great Bend, KS traded for $39.9 mil. Completed in 2000 with most recent renovations in 2012, the property is a two-story, acute medical center that is 100% occupied by the University...
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• New 293-Unit Lakefront Community in Texas Opens Its Doors
4/06/22
880 LYN, a 293-residence, lakefront community in the master-planned community Las Colinas in Irving, TX, has opened its doors. The community is a development of Legacy Partners. It will be managed by ZRS Management.
The tran...
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• Parkview Financial Spends $19 Mil on 24k sf Office Building in L.A.’s Brentwood Neighborhood
4/05/22
Parkview Financial has acquired a three-story, 24.3k sf multi-tenant office building in the Brentwood neighborhood of West Los Angeles for $19 mil ($782/sf). Parkview intends to occupy the entire second floor of the building,...
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• CEDARst Companies To Develop 190-Unit Res Project in San Diego
4/05/22
CEDARst Companies has landed $43.5 mil in construction financing for the development of 4135 Park Blvd, a 190-unit, mid-rise, mixed-use multi-housing project located on the border of the North Park and Hillcrest submarkets in...
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• Rexford Industrial Realty Spends $65 Mil on Four SoCal Properties
4/04/22
Rexford Industrial Realty closed on the purchase of four SoCal industrial properties totaling 150.7k sf for $65 mil. The assets, located in Van Nuys, Carson, Vernon and Oceanside, were sold by New York-based New Mountain Capi...
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• ICON Lodging Buys 100k sf Texas Office Asset
4/04/22
ICON Lodging has purchased 110 West 7th St., an 11-story, 101.4k sf office building in downtown Fort Worth, TX. The price was not disclosed.
With proximity to numerous walkable dining and retail options, the property’s cent...
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• Staley Point Capital and Bain Capital Real Estate Pick Up 315k sf of Industrial Properties in Santa Fe Springs and Anaheim
4/01/22
Staley Point Capital and Bain Capital Real Estate have partnered in the acquisition of two SoCal industrial properties totaling about 315k sf of space. The purchases, in Santa Fe Springs and Buena Park, were financed with $70...
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• Glendale Multifamily Community Acquired for $80 Mil by a Public-Private Partnership Between CSCDA and BLVD
3/31/22
Towne at Glendale, a 126-unit multifamily community in Glendale, was acquired by a public-private partnership of CSCDA Community Improvement Authority (CSCDA) and BLVD Impact Housing (BLVD), for $79.7 mil ($630k/unit). The pr...
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• EastGroup Properties Assembles 50 Acres for High-Demand East Valley Industrial
3/31/22
EastGroup Properties Inc has assembled and closed on 50 acres in the Phoenix Mesa Gateway Airport submarket for the development of Gateway Interchange, a 655.4k sf, seven-building Class A industrial development. EastGroup is ...
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• Scottsdale Medical Office Property Gets New Owner in $7.85 Mil Deal
3/29/22
A SoCal-based private investor has purchased Chauncey Lane Medical Offices, a 22.2k sf, medical office building in north Scottsdale, AZ, for $7.85 mil ($353/sf). The single-story, multi-tenant medical and office building was...
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• BH Properties to Renovate Former CPS Energy Headquarters in Downtown San Antonio
3/29/22
BH Properties will bring to market 100k sf of Class A office space in downtown San Antonio as part of its plans to re-introduce the former CPS Energy Headquarters at 146 Navarro as a mixed-use destination on the River Walk. E...
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• NewMark Merrill’s Sandy Sigal Honored by California Business Properties Association
3/28/22
Sandy Sigal, President and CEO of NewMark Merrill Companies, was honored by California Business Properties Association (CBPA) with the Ernest W. Hahn Award during its Awards Dinner on March 24. NewMark Merrill is a Woodland ...
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• Cypress West Partners Picks Up 42k sf Medical Office Property in Las Vegas
3/25/22
Cypress West Partners acquired Shadow Professional Center, a 41.8k sf, medical office building located in Las Vegas’ quickly growing Medical District, in an $8.6 mil ($205/sf) transaction. The two-story, 80% leased property w...
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• Downtown Oakland Creative Office Asset Trades for $500/sf
3/24/22
Bullock Capital purchased a 27.4k sf, creative office building in downtown Oakland from SpringTide Franklin LLC. The property, located at 1504 Franklin St, boasts stunning architectural details from its original construction ...
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• California Landmark Group Locks in $84.75 Mil Refi on Two High-End L.A. Apartment Communities
3/22/22
California Landmark Group has recapitalized two luxury apartment properties in Los Angeles in an $84.75 mil refi deal originated by Mesa West Capital. The refi was secured by two residential communities, the “HW” by CLG, a 79...
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• AZ Res Community Trades for Over $58 Mil
3/18/22
A joint venture of Continental Realty Assets and Tokyo-based Nippon Steel Kowa Real Estate has acquired a 150-unit apartment community in the town of Fountain Hills, AZ for $58.25 mil ($388.3k/unit). Formerly known as Arrive ...
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• 330k sf AZ Light Industrial Park Trades Hands
3/17/22
GID Industrial has acquired a new 330.5k sf, Class A light industrial park in Mesa, AZ known as Power 202 Business Park. The multi-building project was constructed in mid 2021 and was 100% preleased prior to completion. It wa...
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