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• Ivy Realty Buys Denver Creative Redevelopment Project
7/13/23
Connecticut-based Ivy Realty has acquired Junction 23, an 86.1k sf, creative redevelopment in the heart of Denver’s River North (RiNo) District, for $26.35 mil ($306/sf). The project was sold by EverWest Real Estate Investors...
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• Tempe, AZ Office Building Gets Traded
7/12/23
A 94.9k sf, freestanding flex office building in Tempe, AZ traded hands in a recent deal. Located at 8160 S Hardy, the building is 69% leased to a single tenant, a financial services company.
Marcus Muirhead with Lee & Asso...
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• Burlingame Industrial Site Goes for $14.5 Mil
7/12/23
A 1.58-acre industrial site in the Bay Area city of Burlingame traded for $14.5 mil. The site, located at 890 Mahler Rd and 1550 Gilbreth Rd, is home to eight separate industrial suites in two adjacent buildings.
The transac...
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• Eden Housing Buys Res Properties Totaling 116 Units in Concord
7/11/23
Eden Housing, a non-profit organization, purchased two multifamily communities totaling 116 units in Concord, CA for $37.25 mil. The company will convert the properties, Sunset Pines and Coral Court Apartments, from market-ra...
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• Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City
7/11/23
Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
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• Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil
7/06/23
Two new construction single-tenant net-leased retail investments were acquired in separate deals with two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Vall...
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• Here’s a Quick Update on Two Hotel Financing Deals Worth Over $40 Mil
7/05/23
In recent hotel financing news, Tucson-based Khangura Development has obtained a $19.1 mil bridge loan for the Residence Inn by Marriott Phoenix Mesa East. The loan was provided by Dallas-based HALL Structured Finance.
Each ...
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• Stevens-Leinweber Construction Pays $3.8 Mil for Phoenix Office Building
6/30/23
An entity formed by Stevens-Leinweber Construction President Jamie Godwin has purchased a two-story office building within metro Phoenix’s Camelback Corridor area, earmarking the multi-tenant property for a substantial renova...
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• Mission Rock Partners Tops Out 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
6/29/23
The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, recently marked the topping out of Parcel F, a 23-story multifamily residential tower in S...
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• NexGen Properties Buys 51k sf Office Building in Englewood, CO
6/29/23
NexGen Properties purchased a 51.5k sf boutique office building in Englewood, CO. The two-story, multi-tenant asset is located at 384 Inverness Pkwy, within Inverness Business Park.
Constructed in 1985 and extensively renova...
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• Kaiser Permanente Inks Extension Deal for 121k sf Space at Colorado Office Campus
6/28/23
Kaiser Permanente has inked an extension lease for its 121k sf of space at One & Two Greenwood Plaza, a Class A office campus in Englewood, CO. Kaiser serves as the anchor tenant of the two-building, 197.5k sf project, owned ...
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• Stockbridge Capital Group Buys 443k sf Industrial Complex in North Las Vegas
6/28/23
Stockbridge Capital Group purchased the recently completed Tropical Logistics Phase II. The facility was developed by a joint venture between CapRock and real estate funds managed by Ares Management.
Located within the Nor...
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• Fresno Shopping Center Fetches Nearly $16 Mil
6/27/23
Ash Tree Square, an 80.9k sf shopping center in Fresno, was purchased by an Oakland-based private investor in a $15.8 mil ($195/sf) transaction. The property is situated on 7.47 acres at 1029-1077 East Shaw Ave, at one of the...
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• Texas Industrial Facility Lands New Owner in $9 Mil Trade
6/26/23
A Texas-based investor purchased a two-building, 79.9k sf industrial facility in Laredo, TX for $9.15 mil ($115/sf). The property, located at 13806 N. Unitec Dr, was sold by Stos Partners, who acquired the asset in March 202...
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• Kodiak Gas Services Leases 53k sf of TX Office Space
6/21/23
Kodiak Gas Services LLC inked a long-term lease for 53k sf of office space in The Woodlands, TX. The space is located at 9950 Woodloch Forest Tower, a Class AAA, 31-story office building that is one of two towers within The W...
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• Seller Collects $70 Mil from Disposition of Three Silicon Valley Apartment Properties to Different Buyers
6/21/23
Three value-add, garden-style multi-housing assets in Silicon Valley were traded to separate buyers in deals totaling roughly $70 mil. The properties were sold by a single investor and consisted of the 72-unit Appletree in Ca...
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• Whitestone REIT Spends $25 Mil on AZ Retail Center
6/20/23
Whitestone REIT has purchased Arcadia Towne Center, a 70k sf grocery center located at 4730 E. Indian School Rd in Phoenix. The asset was sold by LNR Partners in a $25.3 mil deal.
The center expands Whitestone’s footprint in...
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• CordenPharma Leases 61k sf Life Sciences Property in Boulder, CO
6/19/23
CordenPharma has leased the entirety of a recently renovated life sciences property in Boulder, CO. The company will occupy 61.1k sf across both floors at 2300 55th St.
2300 55th Street was built out for advanced technolog...
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• New Mexico Retail Center Hits the Market at Just Under $16 Mil
6/16/23
Here’s news of a retail property that has just been put on the market. The property, Cottonwood Collection, is a 157.9k sf structure that is 100% occupied by Hobby Lobby, Home Life Furniture, and Mor Furniture. The asset, an ...
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• Modesto Multifamily Property Trades in $25 Mil Deal
6/15/23
Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the CA Central Valley city of Modesto, was purchased by a west coast-based private investment entity in a recent $25.2 mil ($260k/unit) transaction. The pr...
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