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• WNC Preservation Equity Fund 2 Fully Invested in $229 Mil of Affordable Housing Assets in Six States
5/04/23
Preservation Equity Fund Advisors (PEF Advisors) has fully invested its WNC Preservation Equity Fund 2 (Fund 2) in $229 mil in assets across six states. Fund 2, a $100 mil equity fund that closed in May of 2022, is PEF Adviso...
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• BKM Capital Partners and TerraCore Capital Buy 88k sf Vegas Industrial Property
5/02/23
BKM Capital Partners, in a joint venture partnership with TerraCore Capital, has acquired Decatur Business Center in Las Vegas for $25.9 mil. The 88.2k sf ($294/sf) light industrial property was sold by Terry York Properties...
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• Kairos Investment Management Company Secures $175 Mil Fannie Mae-Backed Credit Facility
5/01/23
Kairos Investment Management Company (KIMC) has secured a $175 mil credit facility backed by Fannie Mae. Berkadia, a leading commercial mortgage lender, originated and will service the credit facility for each transaction.
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• Zippy’s Property Trades in $4.7 Mil Deal
4/28/23
A Hawaii-based private investor paid $4.7 mil in the leased fee buy of a single-tenant retail property occupied by Zippy’s, an iconic Hawaii-based fast casual restaurant chain serving American, Japanese, Chinese, and Hawaiian...
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• Newly Constructed San Bernardino Res Project Sells for Over $300k/Unit
4/28/23
Loma Villas, a newly constructed 70-unit multifamily community in San Bernardino, sold for $21.5 mil, or $307k/unit. The buyer was a SoCal-based private investor.
Located at 415 E. Commercial Rd. in the Inland Empire’s secon...
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• Covina Investor Spends $39.6 Mil on Trio of SoCal Industrial Properties
4/27/23
A Covina-based private investor purchased three SoCal industrial assets in deals totaling $39.6 mil. The properties are in Carlsbad, Chino and Nipomo.
One of the properties was Nipomo Self Storage, a self-storage facility, l...
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• Wood Partners to Develop 650-Unit Multifamily Project in Bastrop, TX
4/26/23
Atlanta-based Wood Partners picked up 26 acres of land in Texas for development of a 650-unit multifamily project. The site, located at Hwy 71 and FM 969 in Bastrop, is within a 75-acre mixed-use development by Pearl River Co...
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• Historic Renovation/Redevelopment Project Leaves Its Mark in Riverside
4/25/23
Work has wrapped up on The Mark, a mixed-use, seven-story residential and retail building in the heart of Riverside’s historic core. The project, which required finding a balance between historic preservation and modern renew...
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• Western U.S. Arby’s Portfolio Trades for $35 Mil
4/21/23
A 22-property Arby’s portfolio located in Iowa, Montana, North Dakota, Nebraska, and Wisconsin traded hands for $35.126 mil. The transaction is part of a $52.6 mil disposition assignment with 28 properties closed and five cur...
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• New 250k sf Building Breaks Ground at SkyBridge Arizona Development in Mesa
4/20/23
Close on the heels of its 250k sf “Building 109” groundbreaking, SkyBridge Arizona has started construction on a second 250k sf building, “Building 108.” Together, the buildings bring the active Class A industrial constructio...
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• Moorpark Site to Be Developed into 200-Unit Affordable Housing Project
4/19/23
An 18-acre development site in the city of Moorpark has traded hands. Danco, an affordable housing developer, has acquired 12 acres for construction of a 200-unit affordable multifamily housing project, with the remaining six...
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• Affordable Housing Project Gets Underway in Ontario
4/17/23
Related California has broken ground on Emporia Housing, a 50-unit affordable housing project in Ontario. The development, expected to reach completion by mid-Summer 2024, is being built by R.D. Olson Construction. Danielian ...
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• Echo Real Estate Capital Inc and Grandview Partners to Build 676k sf Spec Industrial Project in Arizona
4/14/23
Echo Real Estate Capital Inc and Grandview Partners plan to develop a 676.2k sf spec industrial project in Glendale, AZ to be called Northern Parkway Logistics Center. Construction of the project is being financed with a $53....
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• NewMark Merrill Companies Acquires 84k sf San Fernando Valley Retail Center
4/12/23
NewMark Merrill Companies Inc has acquired Corbin & Parthenia shopping center, an 83.7k sf community retail center located at 19555-19641 Parthenia St in the western San Fernando Valley community of Northridge. This is the ei...
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• The Sutton Opens Its Doors in Portland
4/07/23
The Sutton, a new, high-end waterfront apartment complex in Portland’s North Pearl District, has officially opened to the public. The 236-unit project is a development of Lincoln Property Company.
The Sutton is a 17-story re...
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• Legacy Partners and The Resmark Companies Break Ground on 336-Unit TX Apartment Project
4/06/23
Legacy Partners and joint venture partner The Resmark Companies have broken ground on Legacy Gateway, a new 336-residence apartment community coming to Forney, TX.
The 14-acre site for Legacy Gateway is located at 1205 Gat...
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• Local Developer Buys 1.5-Acre Site in South Seattle
4/06/23
A 1.5-acre development site in South Seattle was acquired by locally-based real estate development, investment and management firm Bode in a $2.1 mil, all-cash deal. The buyer plans to develop a 330-unit housing project on th...
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• Cypress West Partners Starts Work on AZ Medical Office Building
4/05/23
Cypress West Partners has begun work on a 22k sf, Class A medical office development in Queen Creek, AZ. Located at the intersection of Signal Butte Rd and Ocottillo Rd, the new single-story building is just two miles south o...
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• Seattle Apartment Complex Lands $53.5 Mil Refi
4/04/23
Cypress Apartments, a 237-unit, six-story, Class A, market rate apartment complex in Seattle’s Yesler Terrace community, has been refinanced with new permanent financing of $53.5 mil. The property, located at 120 Broadway, wa...
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• Kearny Real Estate Company Starts Grading on 26-Acre Final Phase of Otay Crossings Commerce Park
4/04/23
Kearny Real Estate Company has commenced grading the 26-acre final phase of the 311-acre Otay Crossings Commerce Park in Otay Mesa, for the development of four industrial buildings ranging in size from 45k sf to 205.5k sf. ...
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