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• Stos Partners Spends $4.4 Mil on Phoenix Industrial Property
6/24/24
Stos Partners has acquired a 35k sf industrial complex in Phoenix for $4.45 mil ($127/sf). The asset sits on 1.45 acres at 2325 W. Cypress St.
The property is situated near the interchange of the I-10 and I-17 Freeways, prov...
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• AO Wins Multiple Awards at PCBC Gold Nuggets Ceremony
6/21/24
Architecture firm AO was a multiple-award winner at the recent PCBC Gold Nugget Awards ceremony, held at The Westin Resort in Anaheim.
The Gold Nugget Awards, which debuted in 1963, is the oldest and most prestigious desig...
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• Portfolio of Multifamily Properties in San Francisco’s Russian Hill and Nob Hill Districts Put on the Market
6/21/24
A portfolio of three historically significant multifamily assets in San Francisco’s Russian Hill and Nob Hill districts has been put on the market for the first time since their construction in the 1950s. The buildings, locat...
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• Commercial Real Estate Financing Briefs
6/20/24
MARCUS & MILLICHAP CAPITAL CORPORATION -- Michael Derk and Paul Bitonti with Marcus & Millichap Capital Corporation arranged a $12.5 mil refi loan on a medical office building located in La Paz Plaza in Mission Viejo. La Paz ...
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• Ravello Holdings and WNC & Associates to Build Single-Family Affordable Housing Project in Lancaster
6/20/24
Ravello Holdings and WNC & Associates have closed a deal to begin construction on Maison’s Sierra, an affordable housing community comprised of 196 single-family affordable rental homes in the north L.A. County city of Lancas...
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• New 315-Unit Res Development in Anaheim Starts Preleasing
6/19/24
Preleasing is underway at Zia, a five-story, wrap-style apartment community located in central Orange County. Offering upscale living with easy access to downtown Anaheim, Interstate 5, and Disneyland, Zia will comprise 315 a...
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• Chicago Investment Entity Spends $9.8 Mil on San Diego Area Office Property
6/18/24
Aerofund Financial Plaza, a 48.6k sf, multi-tenant office building on over 1.3 acres in San Diego’s Mission Valley neighborhood, was acquired by Chicago-based CES Remington LLC for $9.8 mil ($201/sf). Located at 4025 Camino d...
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• Recently Built CO Res Community Refinanced with $34 Mil Loan
6/18/24
The Prime Company (“TPC”) has refinanced Oxford Vista, a recently built, 146-unit Class A multifamily property in the Denver suburb of Englewood, CO, with a new loan for $34 mil. The 30-month, floating-rate loan was provided ...
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• SRS Real Estate Partners Capital Markets Sells 33 7-Eleven Properties Over 18 Months
6/17/24
Over the past 18 months, SRS Real Estate Partners Capital Markets has sold a total of 33 properties occupied by 7-Eleven valued at $242 mil with an average cap rate of 5.27%. Additionally, SRS has 24 7-Eleven assets currently...
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• Driftwood Capital Starts Work on Marriott Hotel Project in San Diego’s Mission Valley Area
6/14/24
Driftwood Capital has started work on the Element Hotel by Marriott in San Diego County’s Mission Valley area. The project, located at 8757 Rio San Diego Dr, next to the existing full-service Marriott Hotel Mission Valley, wa...
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• Liv Communities and Rockefeller Group Wrap Up Work on AZ Res Community
6/13/24
A new 360-unit apartment community in Laveen, AZ has been completed and is now open to the public. The project, Sol38 by Liv, is a development of Liv Communities and Rockefeller Group.
Located at 3875 W. Dobbins Rd, Sol38 fe...
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• Founders Properties Picks Up 162k sf Phoenix Industrial Project
6/11/24
Founders Properties acquired 21st Street Center, a two-building industrial project totaling 162.2k sf on more than eight acres in the sought-after Airport submarket of Phoenix. Consisting of two highly functional industrial b...
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• Palladius Capital Management Acquires 694-Bed Student Housing Property in Texas
6/11/24
Palladius Capital Management has purchased The Luxx, a 220-unit, 694-bed student housing community in San Antonio, TX. The property is located at 6023 UTSA Blvd, within walking distance of The University of Texas at San Anton...
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• Berkeley Property Purchased for Student Housing Development
6/11/24
A development site of just under a half-acre in Berkeley, less than five blocks from the University of California, Berkeley, was acquired for development of a 52-unit, 232-bedroom student housing project. The 0.43-acre proper...
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• George Oliver Teams with Ascentris in Purchase of Office Building in Old Town Scottsdale
6/10/24
Phoenix-based developer George Oliver and joint venture partner Ascentris purchased a 162.2k sf office building in the heart of Old Town Scottsdale for $26.05 mil ($160/sf). The building sits on just over three acres at 4141 ...
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• Chicago Multifamily Owner Buys 254-Unit Texas Res Asset
6/10/24
Sherman Residential, a Chicago-based owner and operator of luxury multifamily assets , closed on a Texas res buy, picking up Oaks on Marketplace, a 254-unit luxury multifamily community near I-35 in the city of Kyle. The prop...
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• Building Block Foundation Fund to Hold Annual White Party Charity Fundraiser on August 21, 2024 at Newport Dunes in Newport Beach
6/07/24
One of the best commercial real estate events in Southern California, the Building Block Foundation Fund White Party Charity Fundraiser, will be held on August 21, 2024 at the beautiful Newport Dunes in Newport Beach.
Each y...
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• Bendetti-Led Venture Picks Up 257k sf TX Industrial Property
6/07/24
Bendetti has purchased Proto Park, a 257.2k sf industrial asset located at 3200 Irving Blvd in Dallas, TX. The property is 100% leased to Morrison Supply, Taxila Stone, Preziosa Stone, Dynasty Distilling and an undisclosed in...
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• Community Preservation Partners Picks Up Affordable Housing Project in Ellensburg, WA
6/06/24
CPP (Community Preservation Partners) has acquired Crestview Terrace, a 168-unit affordable housing development in Ellensburg, WA. Built in 1970, Crestview Terrace last underwent renovation in 2008, and has since experienced ...
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• Work Finished on New $38 Mil STEM Building on Menifee Campus of Mt. San Jacinto College
6/05/24
Construction has been completed on a new two-story STEM building on the Menifee campus of Mt. San Jacinto College. The $38 mil, state-of-the-art building, which broke ground in May 2022, was designed by DLR Group and built by...
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