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• Landmark Companies Lands $45 Mil for TX Res Development
6/14/23
Landmark Companies has secured $45 mil in construction financing for Arden at Corinth, a 296-unit multifamily project in Corinth, TX. The total project cost is $63.3 mil.
The project, a ground-up, Class A res development co...
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• Santa Clara Biz Park Gets New Owner
6/13/23
San Tomas Business Centre, a 79.4k sf, business park in Santa Clara, changed hands. The office and light industrial/warehousing property, located at 2060-2101, 2110, 2116 and 2118 Walsh Ave, is comprised of nine buildings.
S...
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• San Diego Investor Zeros in on AZ Industrial Portfolio
6/09/23
A San Diego-based investor purchased a two-building industrial/flex office portfolio totaling 158.5k sf of space in Tempe, AZ. Located at 1100 and 1150 W Grove Pkwy, the buildings are approximately 67% leased combined.
1100...
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• Schuman Companies Spends $12.3 Mil on South Parcel at Loveland Yards in Colorado
6/09/23
Schuman Companies acquired the 146.1k sf south parcel at Loveland Yards in Loveland, CO for $12.3 mil. The purchase completes Schuman Companies’ acquisition of the former Loveland Outlets site, after buying the north parcel i...
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• Recent Signings Bring Denver Business Park to Full Occupancy
6/09/23
There have been two new signings at Eastpark 70, a 1.35 msf, Class A master-planned business park in metro Denver’s Airport submarket, bringing the campus to full occupancy. Performance Contracting leased the entirety of Buil...
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• Axle on Demand Pre-Leases 126k sf of Industrial Space at Glendale, AZ Development
6/08/23
Axle on Demand has agreed to a 126.1k sf pre-lease at Echo Park 303 in Glendale, AZ. The transaction represents Axle on Demand’s sixth metro Phoenix location and fills more than half of Echo Park 303’s Building A almost four ...
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• New AC Hotel by Marriott Gets Underway in Pasadena
6/08/23
Welcome Group Inc has begun construction of AC Hotel by Marriott, a 194-room, 100k sf hotel in Pasadena. The project, being built by R.D. Olson Construction, is designed to appeal to business and leisure travelers alike.
A ...
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• Concepts Inc Buys 54k sf Phoenix Retail Center
6/07/23
Concepts Inc purchased Ahwatukee Mercado, a 54k sf retail center in Phoenix. Located at 4747 East Elliot Rd, the 95% leased center is shadow-anchored by a Safeway Grocery Store. The price was not disclosed.
The property incl...
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• Recent Spate of Lease Signings Brings Salt Lake City Office Building to 100% Occupancy
6/07/23
The have been four lease signings at 222 South Main Street, a 22-story Class A office building in Salt Lake City, bringing the building to 100% direct occupancy. The property is owned by KBS.
CBRE’s Scott Wilmarth and Nadia...
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• Two CA Central Valley Res Properties Sell in Deals Worth $15.6 Mil
6/07/23
The Mogharebi Group (TMG) has successfully secured the sale of two Central Valley multifamily communities totaling 102 units in separate transactions valued at $15.6 million combined.
Here’s the scoop on two multifamily deal...
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• Summit Hotel Properties Buys 120-Key Hotel Property in Scottsdale, AZ
6/06/23
Summit Hotel Properties has purchased a 120-key Residence Inn by Marriott hotel asset in north Scottsdale, AZ. Located at 17011 N Scottsdale Rd, the property was built in 2002 but renovated in 2018. The price was not disclos...
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• NEXGEN Spends Over $6 Mil on Conejo Valley Life Science/Lab Property
6/02/23
NEXGEN paid $6.2 mil for a 23.9k sf ($260/sf) industrial life science/laboratory facility in Newbury Park. The property was sold by Dao Bui Holdings.
The facility is situated at 3615 Old Conejo Rd, within the USA Business Pa...
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• Portfolio of Nine Properties in Downtown Las Vegas Listed for Sale
5/31/23
A portfolio of nine properties in the Fremont East District of downtown Las Vegas has been put on the market. The portfolio, which consists of a portion of the Estate of Tony Hsieh, a late American internet entrepreneur, Zapp...
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• New 580-Unit Multifamily Development Completed in Salt Lake City
5/25/23
Post District Residences, a new 580-unit multifamily development in Salt Lake City, has been completed. Located at 575 South 300 West, the project features state-of-the-art amenities and a prime location.
Post District Resid...
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• Welcome Group Secures $37 Mil in Construction Money for Pasadena Hotel Project
5/24/23
Welcome Group Inc has secured $36.8 mil in financing for the construction of a 194-key, six-story hotel development in the Playhouse District of Pasadena. The project is located at 550-566 E Colorado Blvd, south of the 210 Fw...
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• Food for the Hungry Takes 30k sf at Renaissance Square in Phoenix
5/22/23
International humanitarian organization Food for the Hungry has completed a lease at Renaissance Square that will consolidate its three downtown Phoenix office locations into a single global corporate headquarters, occupying ...
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• Lowe’s Leases 78k sf at Spec Industrial Project in Texas
5/18/23
Landmark Companies is currently in the pre-lease phase of Landmark at the Meadows, a Class A industrial warehouse project under development in Mesquite, TX, a suburb of the Dallas/Fort Worth area. The two-building speculative...
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• Cypress West Partners Buys 30k sf AZ Medical Office Building
5/17/23
Cypress West Partners purchased a 30k sf, single-story medical office building in Mesa, AZ. The 100% vacant building, located at 6309 East Baywood, was sold by a group of local physicians who originally developed the building...
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• Bridge Development Breaks Ground on Senior Housing Project in San Diego’s Little Italy Neighborhood
5/16/23
Bridge Housing has started work on Kettner Crossing, 64-unit senior housing complex in downtown San Diego’s Little Italy neighborhood. The project is expected to reach completion by early 2025 and will serve low-income ...
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• EverWest Real Estate Investors Picks Up 195k sf Industrial Property in Denver’s North Central Submarket
5/11/23
EverWest Real Estate Investors has purchased Central Connection in Denver’s popular North Central infill submarket from a joint venture of Comunale Properties and institutional investors advised by J.P. Morgan Asset Managemen...
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