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• DXD Capital Teams Up with InSite Property Group in Kapolei, HI Self-Storage Project
11/22/21
DXD Capital has purchased 2.34 acres of land with joint venture partner, InSite Property Group, in the Kapolei Business Park located on Kalaeloa Boulevard in Kapolei, HI. InSite will develop and operate a self-storage facil...
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• Work Started on Trio of Spec Industrial Buildings at Gilbert Spectrum
11/22/21
GID and SunCap Property Group have broken ground on three brand new, spec industrial buildings at Gilbert Spectrum, a 64-acre industrial park at McQueen and Elliot roads in Gilbert, AZ,a high-tech, high-end suburb in metro Ph...
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• AZ Office Asset Trades in $14.5 Mil Transaction
11/19/21
Palm Valley Office Park III, a 60.4k sf, multi-tenant Class A office property in Goodyear, AZ, sold for $14.5 mil, or $240/sf. The asset, located at 1626 N Litchfield Rd in Phoenix’s West Valley market, was acquired by Goodye...
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• TruAmerica Multifamily Acquires 652 Res Units in Houston
11/19/21
TruAmerica Multifamily has made its first investments in Houston with the acquisition of a two-property multifamily portfolio totaling 652 units. The portfolio includes the 364-unit Camden Oak Crest and 288-unit Camden Park, ...
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• Iconic National Hotel in Historic Jackson, CA Trades Hands
11/18/21
The iconic National Hotel, located at 2 Water St in historic downtown Jackson, CA, in the heart of California’s Gold Country, recently changed ownership. Hari Johl, a successful hotelier who operates several Hilton-flagged pr...
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• Westcore Buys Seven-Property, 684k sf Industrial Portfolio
11/16/21
Westcore acquired the Mountain West portfolio of seven industrial properties, consisting of four in Phoenix and three in Denver, for an undisclosed sum. The purchase encompasses four properties in Phoenix totaling 460.2k sf i...
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• Arcadia Mixed-Use Property Sells for $39 Mil
11/16/21
A private investor from Taiwan paid $39.2 mil in cash for a mixed-use residential and retail property in Arcadia. The property, located at 57 Wheeler Ave, is one of the few mixed-use projects in the City of Arcadia that has t...
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• Signature Properties Picks Up Scottsdale Multifamily Property for $30 Mil
11/15/21
Signature Properties has purchased The 89 on Hayden, an 89-unit multifamily property in Scottsdale, AZ, for $30.1 mil ($338.2k/unit). The deal was financed with a loan for $15.7 mil.
The 89 on Hayden, located at 2240 North H...
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• Universe Holdings Wraps Up $36.5 Mil Cash-Out Refi on 11 Properties
11/15/21
Universe Holdings has received $36.5 mil in cash-out financing secured by a Southern California portfolio of 11 of the firm’s smaller multifamily communities.
The 10-year, 3.53% fixed-rate financing from Fannie Mae allowed U...
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• Bay Logistics Leases 76k sf Cold Storage Facility in Phoenix
11/12/21
Bay Logistics, a distribution and logistics company, leased 76.2k sf at Central Logistics Cold Storage Center in Phoenix amid growing demand for high-quality commercial freezer space. Located at 291 E. Buckeye Rd, the proper...
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• Invesco Real Estate and Baranof Holdings Spend $12.3 Mil on AZ Self-Storage Facility
11/12/21
Central Self-Storage, a 573-unit self-storage facility in Chandler, AZ, was purchased for $12.3 mil by Invesco Real Estate, in partnership with Baranof Holdings. The asset was sold by Pegasus Group.
Central Self-Storage co...
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• Related Group to Start Work on 420-Unit Res Project in Chandler, AZ
11/11/21
Related Group has announced plans for a 420-unit residential development in Chandler, AZ. The garden-style community, called Town Chandler, is being built by McShane Construction Company.
Positioned on an 18-acre site, Town ...
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• Bay Area Multifamily Property Goes for $658k per Unit
11/11/21
Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.
Originally constructed in 1963, Farm Hill Ma...
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• Physicians Group Spends $6 Mil on Torrance Medical Office Building
11/10/21
Torrance Medical Plaza, a multi-tenant, 24k sf medical office building in Torrance, sold for $6.1 mil ($254/sf). Built in 1981, the four-story property is situated on an approximately one-acre parcel at 19000 Hawthorne Blvd, ...
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• DHIJ Management Acquires OR Apartment Property in $44 Mil Deal
11/09/21
DHIJ Management acquired Misty Ridge, a 103-unit, garden-style multi-housing community in Happy Valley, OR, in the Portland MSA, for $44 mil ($427.2k/unit).
Misty Ridge comprises one-, two- and three-bedroom units averaging...
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• Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
11/09/21
In a San Francisco medical office buy, Rubicon Point Partners purchased 350 Parnassus, a 77k sf building just a block from Golden Gate Park. The firm financed the deal with a $53.7 mil first mortgage loan provided by Mesa Wes...
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• Agilysys Inc Agrees to Lease for 36k sf at Still-to-Be-Built Office Project in Las Vegas
11/08/21
Agilysys Inc, a publicly traded software development firm headquartered in Atlanta, inked a lease for 36k sf of space at a yet-to-be-built office building in Las Vegas called Narrative. The 10-year deal has a total value of $...
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• Carmel Partners Buys 101-Unit Res Property in San Jose
11/08/21
A Carmel Partners affiliate purchased One38 Apartments, a 101-unit apartment community adjacent to the San Jose Convention Center. Built in 2019, the property sits on 1.5 acres at 138 Balbach St in the city’s downtown. The ac...
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• Kennedy Wilson Buys 220-Unit Multifamily Community in Reno for $66 Mil
11/08/21
Kennedy Wilson has acquired Northtowne Summit, a 220-unit apartment community in Reno, NV, for $66 mil ($300k/unit) in an off-market transaction. The purchase was made through Kennedy Wilson Fund VI, a commingled fund the fir...
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• Affordable Housing Project in Chula Vista Breaks Ground
11/05/21
A venture led by Chelsea Investment Corporation and Meridian Development just broke ground on Columba, a 200-unit affordable housing project in Chula Vista. Located on just over three acres at the northeast corner of Optima S...
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