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June 25, 2024
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• CENTRL Office to Takeover Former WeWork Space in Seattle
4/01/24
CENTRL Office has signed on to take over the former WeWork space at Capitol Hillís Kelly-Springfield Building in Seattle. The Portland-based creative workspace company will occupy 53.4k sf across three floors. Located at 15...
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• Online Luggage Seller Leases 40k sf of Industrial Space in Tempe
3/29/24
Portmantos Inc signed a five-year, $2.56 mil lease for 40k sf ($1.07/sf/mo) of industrial space in Tempe, AZ. The deal is within a multi-tenant, Class A logistics property located at 1120 West Fairmont St. The property is wi...
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• City of Orange Honors AO Architects for 50 Years of Award-Winning Design Work and Community Service
3/28/24
Celebrating a half-century of award-winning design, innovation, and community building, the City of Orange honored AO, a leading full-service architecture firm with expertise spanning the full commercial and multifamily resid...
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• Urban Catalyst Lands $10.5 Mil in Financing for San Jose Mixed-Use Development
3/27/24
Urban Catalyst has obtained $10.5 mil in financing to recapitalize the land site and pre-construction costs for Icon/Echo, a mixed-use redevelopment project the company has planned for Downtown San Jose. The approximately 2.1...
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• New Denver Logistics Development is 33% Preleased at Completion
3/26/24
Pivot Denver, a brand new, award-winning 472.8k sf Class A industrial logistics development in Denver has been completed and is 33.5% pre-leased, having signed three tenants totaling approximately 159k sf. The project is owne...
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• Phoenix Lab Property Purchased for $6.3 Mil by Exchange Investor
3/20/24
A 25.6k sf lab property in Phoenix traded for $6.3 mil, or $246/sf. The property, located at 2801 South 35th St, is fully leased by Nextmune, a global animal pharmaceutical company. The property was recently renovated to inc...
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• Newly Constructed Warehouse within Tejon Ranch Commerce Center Sells for $37 Mil
3/20/24
A recently completed 233.2k sf warehouse building in Lebec, CA, within southwestern Kern County, was purchased by an owner/user for $37.1 mil, or $159/sf. The property was sold by a partnership of Dedeaux Properties and Basis...
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• Bixby Land Company Establishes Industrial Fund
3/19/24
Bixby Land Company has established its Bixby Industrial Fund 1. The recapitalization portfolio consists of five industrial properties, two located in Mira Loma, CA, two in Phoenix, AZ and one in Atlanta, GA. Goldman Sachs Alt...
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• Two New Single-Tenant Retail Properties in Merced Fetch Over $8 Mil
3/19/24
Two brand-new construction, single-tenant properties occupied by a 7-Eleven convenience store with a gas station and the adjacent Starbucks (a drive-thru-only prototype) in Merced, CA traded hands for $8.2 mil. The properti...
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• LaSalle Investment Management Buys Multifamily Community in Portland Suburb
3/15/24
Creekview Crossing, a 183-unit, garden-style community located in the Portland, OR suburb of Sherwood, was acquired by a fund managed by LaSalle Investment Management. The price was not disclosed. Built in 2009, Creekview Cr...
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• Arizona Retail Sale Works Out to $66/sf
3/15/24
In a recent retail trade out of Arizona, Sun Village Fair, a 189k sf center in Chandler, was purchased for $12.5 mil ($66/sf) by Arizona Partners. The property, situated on roughly 20 acres, was sold by LNR Partners. Sun Vil...
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• Matt Carlson and Patrick Gildea Named Regional Leaders at CBRE Capital Markets
3/14/24
Matt Carlson and Patrick Gildea have been named regional leaders for CBREís Capital Markets national office platform. As Co-Heads of U.S. Office Capital Markets, Carlson will provide strategic oversight for the West region, w...
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• Tourmaline Capital Pays $16.7 Mil for OC Retail Center
3/14/24
In a recent OC retail buy, Tourmaline Capital paid $16.7 mil for Anaheim Hills Shopping Village, a 67.5k sf ($247/sf) center in Anaheim. The property was sold by a private family partnership, who was the original developer. ...
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• Drawbridge Realty Finishes Work on 80k sf Office/R&D Facility in San Diegoís Rancho Bernardo Submarket
3/13/24
Drawbridge Realty has completed construction on 16705 Via Del Campo Court, an 80.7k sf, three-story, Class A office/R&D property in San Diegoís Rancho Bernardo submarket. The project is the first speculative office building t...
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• The Bascom Group Buys 96-Unit Res Property in New Mexico
3/11/24
The Bascom Group LLC has acquired San Miguel Court Apartments, a 96-unit multifamily community in Santa Fe, New Mexico. The price was disclosed. Built in 1974 built, San Miguel Court Apartments is a garden-style multifamily ...
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• Canadian Firm Spends $24 Mil on 115k sf Industrial Facility Near Phoenix Sky Harbor International Airport
3/08/24
Canada-based MDC Realty Advisors (MDC) purchased a 114.9k sf, Class A industrial facility in Phoenix for $24.3 mil in a sale/leaseback transaction. The current occupant, American Refrigerator Supplies Inc, sold the freestandi...
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• Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke Join JLL Capital Markets
3/07/24
Senior Managing Directors Brian Smuckler and Jeff Seaman and Senior Directors Derek Smigiel and Bryson Fricke have joined JLL Capital Marketsí multi-housing investment sales advisory team in Phoenix. The team will focus on ...
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• Bakersfield Multifamily Property Goes for $16.5 Mil
3/07/24
Vantage Point Apartments, a 144-unit multifamily community in Bakersfield, was acquired by a Central Valley-based investor, in a $16.5 mil ($114.6k/unit), off-market transaction. Built in 1985, the garden style community sit...
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• Phoenix Retail Trade Works Out to $287/sf
3/06/24
In a recent Arizona retail sales comp, a 5.6k sf, four-tenant shopping center property in Phoenix was purchased for $1.61 mil ($287/sf) by North Creek LLC. The center is located at 12831-12839 N Cave Creek Rd, at the signal...
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• Clark County Spends $10.4 Mil on Vacant Hospital Building in Las Vegas
3/06/24
A recently constructed, 17.1k sf, 24-bed psychiatric hospital building in Las Vegas was acquired by Clark County in Nevada in a $10.4 mil ($608/sf) transaction. The building was completed in 2021 but has never been fully occu...
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