|
• Owner/User Buys 115k sf Office Building in Allen, TX
1/24/23
Allen Office Center, a 115.2k sf office building in Allen, TX was purchased by Toruk LLC. Located at 805 S. Central Exwy, the two-story property was largely vacant at the time of sale but will soon be the corporate headquarte...
|
• Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills
1/24/23
Marshall Medical Center and PATRA have agreed to take 75% of the space vacated by Blue Shield following the insurer’s sale-leaseback of The Ridge at Town Center West to ProEquity Asset Management and Miami-based Solaris Capit...
|
• Newly Constructed Menifee Retail Center Sells for almost $600/sf
1/20/23
Center Pointe, a 41.5k sf, newly developed grocery-anchored retail center in Menifee, traded hands for $24.6 mil ($593/sf). The recently constructed center is 96%-leased to Sprouts, Wendy’s and Olive Garden, as well as local ...
|
• SRS Real Estate Partners Opens Pacific Northwest Office
1/19/23
SRS Real Estate Partners has opened a new Pacific Northwest office, staffed with six new team members. Located at 16703 SE McGillivray Blvd in Vancouver, WA, the office will anchor the Pacific Northwest for the company and ex...
|
• Flex/Office Building in Chandler, AZ Goes for $200/sf
1/19/23
Norte at Chandler, an 85.8k sf, multi-tenant Class A flex office building in Chandler, AZ, was acquired by United Realty M.T.A. for $17.2 mil, or approximately $200 per square foot. The asset consists of a freestanding single...
|
• Las Vegas Medical Office Property Sells for $360/sf
1/18/23
A 10k sf, medical office property in Las Vegas traded for $3.6 mil, or $360/sf. Built in 2008, the property is located at 6070 South Fort Apache Rd.
The property features reserved, covered parking, a large waiting room, 12 e...
|
• Work Finished on 84-Unit Res Community in Portland’s Woodstock Neighborhood
1/16/23
Construction is now complete on Novus Apartments, a $24 mil, four-story, 84-unit, contemporary mixed-use community located in Portland’s Woodstock neighborhood. The project, developed by Portland-based Urban Asset Advisors an...
|
• Stos Partners Pays $10.9 Mil for 94k sf Industrial Building in Phoenix
1/13/23
Stos Partners paid $10.9 mil for a 94.2k sf ($116/sf), freestanding industrial building in Phoenix. The property is situated on 4.2 acres at 1002 S. 54th Ave, ideally located within a 20-minute drive of all parts of the Phoen...
|
• SIM Real Estate Group Secures $32 Mil in Construction Money for AZ Res Project
1/12/23
Scottsdale-based SIM Real Estate Group has obtained $32.1 mil in construction financing for the development of Legacy at Laveen Village, a 172-unit Build-to-Rent (BTR) housing community located south of Southern Ave along 35t...
|
• MBK Rental Living Acquires Site in Petaluma for Res Development
1/12/23
MBK Rental Living has purchased a 4.71-acre site in Petaluma, CA for development of a 134-unit, solar-powered luxury apartment project. The development, The Haven at Deer Creek will offer both three-story garden-style and thr...
|
• SRS Real Estate Partners’ National Net Lease Group Sold 22 Chick-fil-A Occupied Properties in 2022
1/11/23
SRS Real Estate Partners’ National Net Lease Group in 2022 sold a total of 22 properties occupied by Chick-fil-A valued at $87 mil with an average cap rate of 3.77%. This makes up for a 32% market share for all Chick-fil-A-oc...
|
• Woodside Hotel Group Secures New Financing of $26.75 Mil on Two of Its NoCal Assets
1/11/23
Woodside Hotel Group has obtained $26.75 mil of non-cross collateralized, fixed-rate, first mortgage financing on two hotel properties -- the Lafayette Park Hotel & Spa and The Lodge at Bodega Bay, located in Lafayette and Bo...
|
• Scenic Expressions Leases 299k sf in Santa Clarita
1/10/23
In a notable L.A.-area industrial lease, Scenic Expressions inked a deal for a 299.2k sf space at Saugus Station Industrial Center, a 69.5-acre, 975.3k sf property located 25530-25765 Springbrook Ave in Santa Clarita. Scenic ...
|
• Ventura County Shopping Center Lands New Owner in $19.5 Mil Deal
1/10/23
Simi Valley Promenade, an 82.4k sf shopping center anchored by Smart & Final in Simi Valley, sold for $19.55 mil, or $237/sf. The property was built in 1981 and renovated in 1991 and 2002.
Tenants at Simi Valley Promenade i...
|
• Sunrise Brands Inks Lease for New 446k sf Facility at Tejon Ranch
1/09/23
Sunrise Brands has agreed to a pre-lease of still-to-be-constructed, 446k sf industrial facility within Tejon Ranch Commerce Center (TRCC) in Tejon Ranch. Sunrise Brands is a leading designer, producer, distributor, and retai...
|
• PrimeSource Building Products Leases 170k sf Space in Aurora, CO
1/06/23
PrimeSource Building Products inked a lease for 170.3k sf at HighPoint Elevated, a 5.5 msf industrial park under construction in Aurora, CO. The global building products distributor will relocate from its existing Denver loca...
|
• $55 Mil San Fernando Valley Res Buys Consists of Three Properties Totaling 246 Units
1/05/23
A 246-unit, three-property res portfolio in the northern San Fernando Valley communities of Granada hills and Northridge traded hands in a $55.5 mil ($225.6k/unit) deal. The assets were sold by Upside Investments and purchase...
|
• New Res Development in Tacoma, WA Lands $15.8 Mil Refi
1/04/23
Koz Development has obtained $15.75 mil in refinancing on MLK Way, a newly-built, 161-unit multifamily property in Tacoma, WA. Located in an Opportunity Zone at 824 Martin Luther King Junior Way, the six-story property consis...
|
• Phoenix-Area Hotel Property Gets New Owner in $19.5 Mil Deal
1/04/23
In a recent Phoenix area hotel trade, HWC Hospitality paid $19.5 mil for Hyatt Place, a 127-room ($153.5k/room) hotel in Gilbert. The six-story property is located at 3275 S. Market St.
Hyatt Place is strategically located a...
|
• Greer Oliver and Connor Nebeker-Hay Join JLL Capital Markets
12/30/22
Greer Oliver and Connor Nebeker-Hay have joined JLL Capital Markets as Senior Director and Associate, respectively, in the firm’s Phoenix office. Oliver will lead JLL’s institutional industrial investment sale efforts through...
|
Return to the Home Page - Etc... Etc... area
