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• Alere Property Group Acquires 700k sf Single-Tenant Industrial Facility in the Inland Empire
1/12/22
Alere Property Group purchased Freeway Business Center, a new state-of-the-art industrial warehouse facility located in Riverside. The facility, completed in 2021, is leased to UNIS LLC, a national third-party logistics provi...
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• OC Medical Office Trade Tops $500/sf
1/11/22
Here’s a quick sales comp of a recent OC medical office building trade. A 34.2k sf facility in Aliso Viejo sold for $17.5 mil, or $512/sf. It was 62% leased at time of sale.
The building, located at 15 Mareblu, is also known...
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• Kennedy Wilson Teams Up with Local Developer in Bend, OR in Land Buy for Mixed-Use Project
1/11/22
Kennedy Wilson has entered into a joint venture with Matt Day, owner of Bend-based Hooker Creek Companies, to acquire and develop a vacant 21-acre site in the heart of Bend, OR. The joint venture intends to develop the site i...
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• Westcore Buys 142k sf Colorado Industrial Facility
1/11/22
San Diego-based Westcore acquired a brand new, 142.8k sf Class A industrial building in Aurora, CO in a $33 mil ($231/sf) transaction. Known as Park 225, the newly constructed, state-of-the-art multi-tenant building was 57% l...
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• West Covina Multifamily Sale Tops $80 Mil
1/06/22
A 200-unit apartment property in West Covina traded hands in an $80.4 mil ($402k/unit) transaction. The buyer was Los Angeles-based apartment investor Ron Nasch.
The property, located at 1231 W Francisquito Ave, had recently...
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• Cushman & Wakefield Acquires Operations of Pacific Commercial Realty Advisors
1/05/22
Cushman & Wakefield has acquired the operations of long-time alliance member Pacific Commercial Realty Advisors (PACCRA) located in Central California and Idaho. The acquisition comprises PACCRA’s offices in Bakersfield, Fres...
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• BKM Capital Partners Acquires 85k sf AZ Light Industrial Park
1/05/22
Newport Beach-based BKM Capital Partners has acquired Scottsdale Commerce Center, a four-building, 85.4k sf multi-tenant light industrial business park in Scottsdale, AZ, for $19.6 mil ($230/sf). The property was sold by Minn...
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• Inland Empire Shell/Circle K Gas, Store and Car Wash Property Trades in $9.3 Mil Transaction
1/05/22
A private investor paid $9.34 mil for a Shell Gas Station, Circle K Convenience Store and Car Wash in Jurupa Valley. The purchase included both the business and the real estate.
Located at 3873 Pyrite St, directly off the h...
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• Multifamily Property in Seattle’s Ballard Neighborhood Trades in $53 Mil Deal
1/04/22
Keelson Ballard, a 106-unit apartment building in Seattle’s Ballard neighborhood, sold for $53.6 mil, or $505.7k per unit. The property, located at 1537 NW 56th St, was sold by Seattle-based FA Johnson Development and Pryde D...
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• Two Retail Properties in Chino Hills Trade in Separate Deals Totaling $19 Mil
1/04/22
There have been two Chino Hills multi-tenant retail property sales to report, in deals totaling just over $19 mil. The properties -- Chino Hills Grand Plaza and Gateway Village -- were acquired by separate buyers. They combin...
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• L.A. Multifamily Investor Lands $93 Mil in Financing on Three Inland Empire Properties
12/31/21
An L.A.-based investor has obtained $92.7 mil in debt and equity financing for a 397-unit multifamily portfolio consisting of three properties in the Inland Empire. The transactions consisted of refinancings for two of the pr...
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• Jackson Square Properties Buys 216-Unit WA Multifamily Property
12/31/21
San Francisco-based Jackson Square Properties has acquired Ambrose, a 216-unit apartment property in Bremerton, WA. The property was sold by an affiliate of The Wolff Company.
The garden-style property, located at 4520 Bay V...
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• Historic Building in Downtown Denver Sells for $700/sf
12/28/21
Dallas-based L&B Realty Acquisitions LLC paid $25.5 mil for the historic Union Pacific Building at Coors Field in downtown Denver. Located outside the third base gate of Coors Field, the 36.4k sf ($700/sf) retail building was...
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• The Bascom Group Buys 200-Unit Sun Chase Community in Las Vegas
12/27/21
The Bascom Group LLC has acquired Sun Chase, a a 200-unit multifamily property in Las Vegas, for $40.5 mil, or $202.5k per unit, in an off-market transaction.
The garden-style property, built in 1984/1985, offers residents a...
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• Investor Wraps Up the Year with $7.7 Mil AZ Office Buy
12/24/21
In a recent AZ office trade, Chandler Office Center, a 57.3k sf property in Chandler, sold for $7.76 mil, or $135/sf.
Located at 1331, 1347 and 1351 N. Alma School Rd, Chandler Office Center is a three-building property. Th...
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• Arizona Industrial Dev Site Goes for $6.5 Mil
12/23/21
A 54-acre industrial development site in Buckeye, AZ, at the southeast corner of Southern Ave and Rainbow Rd, within the Buckeye Rail Corridor, traded hands for $6.525 mil. The buyer was Buckeye 54 LLC, a Joint Venture formed...
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• Scottsdale Office Property Sells in $16 Mil Deal
12/23/21
Scottsdale Professional Building, a 77k sf, Class A office property in Scottsdale, AZ, was purchased by a private investor for $15.9 mil ($206/sf).
Scottsdale Professional Building is a three-story, multi-tenant office prop...
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• White Mountain Investments Management Acquires AZ Office Asset in $16.8 Mil Deal
12/22/21
Agave Executive Center, a 78.8k sf, multi-tenant office building in the heart of Tempe, AZ, sold for $16.8 mil, or $213/sf. The asset was 100% leased at the time of sale.
Comprising three office buildings located at 1721, 17...
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• Kamiak Pays $8 Mil for Development Parcel in Seattle
12/21/21
A 22.9k sf land parcel located in north Seattle’s Fremont neighborhood sold to real estate firm Kamiak for $8 mil. The parcel is being considered for future mixed-use multifamily development.
The property is located at 4318...
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• New 65-Unit Res Project in L.A.’s Silverlake Area is Fully Leased at Project Completion
12/21/21
The Ridge, a new 65-unit multifamily in Los Angeles’ Silverlake neighborhood, has been completed and is 100% leased up. The indoor/outdoor-inspired multifamily property, located at 3160 Riverside Dr, adjacent to Griffith Park...
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