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• Pacific Partners Residential Buys Redevelopment Site in Downtown Boise
3/16/22
Pacific Partners Residential Inc purchased an 0.84-acre redevelopment land site in downtown Boise. The site, located at 1212 W. Bannock St, was formerly used as a transportation terminal for the Greyhound Bus Company.
Curtis...
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• Kentwood Ventures Lands Financing for 260k sf AZ Spec Industrial Project
3/15/22
Kentwood Ventures has obtained $22.75 mil in construction money for the development of Verrado – 10 Industrial, a 259.6k sf, two-building spec industrial project in Buckeye, AZ. The state-of-the-art distribution, R&D and ligh...
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• Becton, Dickinson and Company Leases Additional 33k sf at AZ Officer Campus
3/15/22
Becton, Dickinson and Company, a medical technology company, inked a 165-month expansion lease for an additional 32.9k sf of space at the IDEA Tempe campus in Arizona. For Becton, Dickinson and Company, the building’s origina...
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• Retail Asset in L.A.’s East Hollywood Area Trades for Over $700/sf
3/15/22
The Gershwin Lofts Retail @ Hollywood, a 42.9k sf, urban retail center in Los Angeles, was acquired by Hollywood Holdings, an LA-based private family investment entity, for $30.4 mil ($709/sf).
Located at 5501-5521 Hollywoo...
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• Birtcher Anderson & Davis LLC and Belay Investment Group Acquire Dallas Light Industrial Portfolio
3/14/22
A venture between Birtcher Anderson & Davis LLC and Belay Investment Group recently closed on a $42 mil purchase of a 300.4k sf ($140/sf) industrial portfolio located in Dallas. The portfolio is comprised of nine buildings cu...
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• Davlyn Investments and Almanac Realty Investors Form Multifamily Investment Firm
3/11/22
Davlyn Investments and Almanac Realty Investors have joined forces to form a multifamily acquisition, redevelopment, repositioning and management firm called DA InvestCo.
Almanac is the private real estate investment arm of...
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• Draftsmen & Craftsmen
3/10/22
Work on a new exterior “skin” for the Phoenix Suns’ Footprint Center in downtown Phoenix has been completed. The project, designed to make the wall panels look like rippling water when the wind blows and, alternatively, blaze...
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• Stos Partners-Led Venture Picks Up 28k sf AZ Industrial Asset
3/10/22
In a recent Phoenix purchase valued at $4.45 mil, Stos Partners acquired a 28.5k sf ($156/sf) industrial property located at 2757 E. Chambers St through an off-market transaction in partnership with a high-net-worth family of...
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• Private Investor Pays $250/sf for Riverside Office Building
3/08/22
An Orange County-based family trust paid $10.17 mil for a 40.5k sf ($251/sf), multi-tenant office building in Riverside. Located at 11870 Pierce St, the building features high-image office finishes, and exterior amenities inc...
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• Majestic Realty’s Ed Roski to be Inducted into NAIOP SoCal’s Hall of Fame
3/07/22
Emmy-Award Winning Actress Laura Wright will host the first-ever NAIOP SoCal Awards Gala on May 12. NAIOP SoCal, a leading organization for the commercial real estate industry in Southern California, will celebrate the best o...
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• Texas Medical Office Property Trades
3/04/22
A four-building medical office park in Spring, TX was purchased by a private investor out of Houston. The property, located at 4701 Farm to Market 2920 (yes, that is the address), east of Rhodes Rd, was sold by a Texas-based ...
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• Draftsmen & Craftsmen
3/03/22
Menifee Union School District has completed a reconstruction work at its Menifee Valley Middle School. The $38 mil, 71.3k sf project transitioned the campus to a magnet school focused on visual and performing arts.
The reno...
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• ViaWest Group Starts Work on 146k sf AZ Industrial Project
3/02/22
ViaWest Group has broken ground on Airport 48 Industrial, a 146.5k sf, Class A industrial building that will sit on one of the last remaining infill parcels in Central Phoenix. The project is being built by local general cont...
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• Fairfax Financial Holdings Limited Invests $300 Mil in Kennedy Wilson
2/28/22
Fairfax Financial Holdings Limited, through its affiliates, will make a $300 mil strategic preferred equity investment in global real estate investment company Kennedy Wilson. Kennedy Wilson expects to use the proceeds to fun...
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• Stafford Holdings Spends $23 Mil on Phoenix Office Property
2/25/22
Idaho-based Stafford Holdings paid $23 mil for Concorde Commerce Center, a 140.2k sf ($164/sf) office property in Phoenix. The seller was a joint venture between Phoenix-based ViaWest Group and New York-based Taconic Capital ...
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• Shir Capital Buys 496-Key Hotel Elegante in Colorado Springs
2/24/22
Austin, TX-based Shir Capital has acquired Hotel Elegante, a 496-key hotel property on 17 acres in Colorado Springs, CO. Built in 1974, the property is located at 2886 S. Circle Drive and features a conference center, restaur...
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• Developer Sells Portfolio of 13 CVS-Occupied Properties in Deals Totaling $90 Mil
2/24/22
A portfolio of 13 CVS-occupied properties sold in multiple transactions totaling $90 mil. The properties, which total just under 195k sf, are located in the states of Arizona, Texas, Virginia, South Carolina, Idaho, Louisiana...
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• The Bascom Group Closes Fifth Multifamily Investment Fund
2/24/22
The Bascom Group has closed the offering for its fifth fully discretionary multifamily real estate investment fund. The fund, Bascom Value Added Apartment Investors V LLC (“Fund V"), raised equity commitments of $150 mil. Thi...
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• Four-Property Medical Office Portfolio Sells for $75 Mil
2/23/22
A four-property, 280k sf medical office portfolio in the metro areas of Phoenix, Cleveland and San Antonio was acquired by an unnamed investor in a $75 mil ($268/sf) transaction. The buildings are located in densely populated...
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• JLL Acquires Gilliland Construction Management
2/23/22
JLL has completed the acquisition of Gilliland Construction Management, a leader in project and construction management services for life sciences, lab, retail, hospitality, industrial, multifamily and office properties.
Fo...
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