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• Private Investor Buys 48k sf Single-Tenant Office Building in Rancho Cucamonga
10/30/24
A private investor acquired a 47.7k sf, NNN-leased office building in Rancho Cucamonga, in a recent sale/leaseback transaction valued at $21.5 mil ($449/sf). The property was sold by Citizens Business Bank.
The Citizens Busi...
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• San Jose Affordable Housing Complex Refinanced with New $30 Mil Loan
10/30/24
The John Stewart Company has secured a $30.17 mil refi loan on Monte Alban Apartments, a 192-unit, garden-style affordable housing complex in San Jose. Built in 1970 and renovated in 2006, the property is located at 1324 Sant...
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• City of Industry Industrial facility Fetches $60 Mil
10/29/24
A 282.4k sf industrial property in the City of Industry was acquired for $59.9 mil ($212/sf) by Ardmore Home Design, a luxury wholesale furniture manufacturer and the building’s tenant. Built in 1981, the property is located ...
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• Hines Entity Buys 143k sf Medical Office Building in Sacramento
10/29/24
Sutter Medical Plaza, a 143.2k sf medical outpatient building in Sacramento, was purchased by a fund sponsored by Hines. The property, located at 1625 Stockton Blvd, sits on a five-acre parcel near Sutter Medical Center.
The...
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• Hacienda Business Park in Pleasanton Sees New Signings and Increasing Occupancy
10/28/24
Hacienda Business Park, a 900-acre mixed-use job center and housing development in the Bay Area city of Pleasanton, has seen continued positive absorption, with the vacancy rate dropping to a year-low of 14.47%, down from 15....
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• Storage Corner Group Acquires 116k sf NoCal Self-Storage/Mixed-use Asset
10/25/24
Storage Corner Group, a Bay Area based self-storage and light-industrial focused investment firm, has obtained a $7.5 mil permanent loan for the acquisition and recapitalization of Storage Corner Marina and Marina Business Pa...
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• Scottsdale’s Southwest Experience Center Rebrands to NextSpace
10/25/24
Southwest Experience Center, a 32.7k sf, multi-tenant showroom facility in Scottsdale, AZ, has rebranded to NextSpace to better reflect the facility’s focus on serving the wide swath of companies expanding or relocating in Ph...
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• Meridian Acquires Vacant AZ Medical Building with Plans to Renovate It for New Tenant El Rio Health
10/25/24
Meridian recently acquired a vacant 94.6k sf medical building in Tucson, AZ in an $8.05 mil ($85/sf) transaction. The building sits on a 9.27-acre parcel at 4888 N. Stone Ave.
The property will be fully occupied by El Rio He...
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• Liv Communities and Rockefeller Group Complete Work on 360-Unit AZ Res Community
10/24/24
Liv Communities and Rockefeller Group have completed work on and are now planning a November 2nd public open house event for Sol38 by Liv, a new, 360-unit residential community in Laveen, AZ. The project offers a range of ame...
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• C.W. Driver Companies Completes $59.8 Mil Visual Arts Campus for CSU Fullerton
10/23/24
C.W. Driver Companies has completed an 85.4k sf renovation and new construction combination project for California State University, Fullerton’s Visual Arts Complex. The $59.8 mil project includes the renovation and seismic u...
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• Hawkins Way Capital Picks Up 79-Unit Student Housing Property Near UC Berkeley
10/23/24
Hawkins Way Capital LLC has purchased Varsity Berkeley, a mid-rise student housing complex located at 2024 Durant Ave in Berkeley. Constructed in 2015, Varsity Berkeley is a thriving student housing complex featuring 79 units...
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• Unique L.A. Area Theater Property Hits the Market
10/22/24
Here’s some info on an interesting commercial property listing in Los Angeles that landed in our newsroom. The property is the historic, 100-year-old Highland Theater property in the city’s Highland Park area. The asset is lo...
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• Brown & Brown Insurance Renews 20k sf Phoenix Office Space
10/18/24
Brown & Brown Insurance, Inc, a global insurance brokerage and risk management company, inked a renewal lease for its 19.8k sf of Class A office space in Phoenix. Brown & Brown occupies the entire 11th floor at 2800 Tower, a ...
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• Nevada HAND Leases 22k sf of Las Vegas Office Space
10/17/24
Nevada HAND, the state’s largest developer, builder, and manager of affordable rental homes for low-income seniors and working families, agreed to a lease for 22.1k sf of office space in Las Vegas. Terms of the deal were not ...
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• Wentworth Property Company Buys Phoenix Industrial Assets in $17.5 Mil Sale/Leaseback
10/17/24
A joint venture led by Wentworth Property Company purchased the MarLam Industries Manufacturing portfolio, two buildings totaling 106.2k sf of space in Phoenix, in a $17.5 mil sale-leaseback deal. The buildings sit adjacent a...
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• Bolour Associates to Develop 61-Unit Res Project in East Hollywood’s Melrose Hill Neighborhood
10/16/24
Bolour Associates Inc has secured entitlements to build a seven-story, for-rent residential apartment building in East Hollywood’s Melrose Hill neighborhood.
Located at 4800 W. Melrose Ave in Los Angeles, the project will i...
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• PCCP LLC Picks Up 13-Acre TX Site for Res Development
10/15/24
PCCP LLC has acquired 13-acre parcel of land for the construction of Skymor at Pearland, a Class A, 109-unit built-for-rent gated townhome community located on Old Chocolate Bayou Rd in Pearland, TX. A Houston-based single-fa...
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• Texas-Size Land Buy Totals Over 41,000 Acres
10/14/24
In a large-scale land trade in Texas, SE Texas Opportunity Fund LLC, led by Managing Partner Christopher Boone, acquired 41,139 acres of timberland in Southeast Texas' Piney Woods. The transaction, which spanned 96 tracts acr...
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• Tejon Ranch Company and Dedeaux Properties to Develop 500k sf Warehouse Facility at Tejon Ranch Commerce Center
10/11/24
Tejon Ranch Company signed a joint venture agreement with Dedeaux Properties to develop and lease an approximately 510.5k sf, state-of-the-art industrial warehouse at the Tejon Ranch Commerce Center (TRCC). Located at the int...
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• Pacific Urban Investors Buys Milpitas Res Community
10/11/24
Here’s news of a large multifamily trade in Silicon Valley, Ascend Apartments, a 266-unit multifamily community in Milpitas, was acquired by Pacific Urban Investors in a recent off-market transaction said to be worth about $...
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