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• Three CRE Industry Bouts Announced for NAIOP SoCal’s Night at the Fights
8/23/23
For the first time in NAIOP SoCal Night at the Fight’s history, six professionals from the commercial real estate industry will take their place in the ring during three industry bouts. One of the most anticipated commercial ...
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• Birtcher Development Obtains $75 Mil in Construction Money for Inland Empire Industrial Project
8/23/23
Birtcher Development LLC has secured $75 mil in construction financing for the development of Birtcher Logistics Center Rialto, a 492.6k sf, Class A logistics facility currently under construction in Rialto. The non-recourse ...
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• Kimley-Horn Leases 79k sf of Office Space in Phoenix
8/22/23
Leading engineering, planning and design firm Kimley-Horn has committed to a 78.7k sf lease at Camelback Arboleda. The lease relocates and expands Kimley-Horn’s regional Phoenix office to the Camelback Corridor submarket and ...
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• Brand new Colorado Industrial Project Trades for $8.5 Mil
8/22/23
Airpark North, a brand new, 36k sf Class A industrial project in Loveland, CO that was just delivered in August, sold for $8.53 mil ($237/sf). The vacant, freestanding building, located at 6987 Rickenbacker Rd, was acquired b...
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• Rexford Industrial Realty Spends $38 Mil on Two Properties in the Santa Clarita Valley
8/21/23
Rexford Industrial Realty recently closed on the purchase of two fully-leased, single-tenant industrial assets totaling 220.8k sf in the Santa Clarita Valley for $38 mil in an off-market deal.
The properties are situated on...
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• 490k sf Goodyear, AZ Industrial Project Lands $39 Mil Refi Loan
8/18/23
Phoenix-based Baker Development Corporation (BDC), and New York’s Foundation Capital Partners (FCP), along with joint venture partner GTIS Partners, have secured a $39 mil refi loan for Yuma|143, a recently completed, 490.3k ...
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• San Jose Medical Office Building Purchased by Medical Organization
8/18/23
LGTC Group, an outpatient mental health center, purchased a freestanding, 17.2k sf medical office building in San Jose for $9 mil ($523/sf). The property is located at 4850 Union Avenue in the region’s West Valley community.
...
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• Houston Investor Buys 147k sf OR Retail Property
8/17/23
A Houston-based private investment group purchased a 146.9k sf retail property located at 11800 SE 82nd Ave in Happy Valley, OR. The property is physically attached to, but legally separate from, the 1.4 msf Clackamas Town Ce...
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• ViaWest Group Picks Up 587k sf Phoenix Industrial Portfolio
8/16/23
ViaWest Group has acquired a six-building, 586.9k sf Phoenix industrial portfolio from Walton Street Capital. The buildings are all in prime infill locations within the greater Phoenix MSA. This acquisition brings ViaWest Gro...
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• City Lights Church Buys 48k sf Flex Building in Greeley, CO
8/16/23
City Lights Church paid $5.5 mil for a freestanding, 48k sf ($115/sf) flex commercial building in Greeley, CO. The property, located at 7251 W 4th St, was vacant at the time of sale.
Originally built in 1985 but renovated si...
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• Wood Investments Companies Secures $39 Mil in Refinancings on Two Idaho Retail Centers
8/15/23
Wood Investments Companies Inc has secured $39.1 mil in permanent loans for two prominent shopping centers in the Boise metropolitan area: Gateway Marketplace and CentrePoint Marketplace. Both shopping centers, situated in th...
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• HVAC/R Equipment Distributor Pays $267/sf for Nevada Owner/User Building
8/15/23
A 17.8k sf office/warehouse building located at 7440 Commercial Way in Henderson, NV sold for $4.75 mil ($267/sf). The buyer, R.E. Michel Company, one of the nation's leading wholesale distributors of HVAC/R equipment, parts ...
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• Rockefeller Group Picks Up 14 Acres in the Inland Empire for Distribution Development
8/10/23
Rockefeller Group has acquired 14 acres in Perris, CA and will develop a 259k sf distribution center on the land. The project, Patterson Commerce Center, will be located adjacent to Optimus Logistics Center, a 1.4 msf, two-b...
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• RADCO Companies Buys 143-Room Phoenix Hospitality Property
8/10/23
Atlanta, GA-based RADCO Companies acquired the Aloft Phoenix-Airport hotel, a six-story, 143-room hospitality asset in Phoenix. The price was not given out.
The Aloft Phoenix-Airport is a boutique hotel located at 4450 East ...
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• Oregon Industrial Asset Trades in $20 Mil Transaction
8/10/23
STAG Industrial acquired Beaverton Industrial Center, a recently renovated 121.4k sf multi-tenant industrial/distribution project on 6.4 acres in Beaverton, OR, for $20.6 mil ($170/sf).
Originally constructed in the 1960s a...
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• HYC Leases Final Building at Bay Area Spec Industrial Park
8/09/23
HYC, a global leader in industrial automatic test equipment and system solutions, leased the last 35k sf flex-tech building at Pacific Commons South (PCS). The 1.7 msf industrial business park in Fremont is now fully occupied...
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• Office/Retail Building in Hawaii Sells for $7.5 Mil
8/08/23
The leasehold interest in a two-story, 30.5k sf retail/office property anchored by Planet Fitness and located at 75-1000 Henry Street in Kailua-Kona, HI, traded for $7.5 mil ($246/sf).
Built in 1997 and situated on 1.49 ac...
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• Heitman Affiliate Buys 60k sf Medical Office Asset in Utah
8/02/23
An affiliate of Heitman LLC has acquired Mountain Point Medical Center, a 60k sf, Class A medical office building in Lehi, UT, in the Salt Lake City metropolitan area. The asset was sold by an affiliate of The Inland Real Est...
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• Stonelake Capital Partners Spends Over $8 Mil on AZ Industrial Building
8/01/23
A 37.6k sf, freestanding industrial building in Tolleson, AZ was acquired by TX-based Stonelake Capital Partners for $8.3 mil ($221/sf). The property, situated on 4.4 acres at 8590 West Jefferson St, is 100% leased to a singl...
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• Private Investor Snaps Up Vegas Office Building
7/28/23
A private investor purchased an 8.4k sf office building in Las Vegas from Manley Grier Investments for $3.3 mil, or $393/sf.
The one-story building is located at 1100 Grier Ave in the city’s Airport submarket, near Intersta...
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