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• Buchanan Street Partners Spends $26 Mil on Chula Vista Self-Storage Facility
8/25/21
Buchanan Street Partners has acquired a newly-constructed three-story, 95k sf climate-controlled self-storage facility in Chula Vista for $26.4 mil ($278/sf) in an off-market transaction. The property, located at 3296 Heritag...
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• Capstone Advisors Pays $14 Mil for Galveston Technology Center
8/24/21
Capstone Advisors paid $14.05 mil for Galveston Technology Center, a 75.5k sf ($186/sf), Class A multi-tenant industrial flex building located in Chandler, AZ. The property was approximately 92% leased at the time of sale.
L...
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• Robert Parmar and Ryan Kidwell to Open Seattle Office for The Mogharebi Group
8/20/21
Multifamily brokerage and advisory firm The Mogharebi Group has established its first office in Seattle under the direction of veteran brokers Robert Parmar and Ryan Kidwell, who have joined the firm to lead its expansion int...
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• Baker Development Corporation Buys 81-Acre AZ Development Site
8/19/21
Baker Development Corporation (BDC) acquired 81 acres of land in Surprise, AZ for the development of a $150 mil industrial park to be called Cactus 303. BDC purchased the land, located on the northeast corner of Cactus Rd and...
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• 778-Acre Development Site in Oregon Being Offered for Sale
8/19/21
Oregon Department of State Lands has listed for sale a 778-acre development land site in the city of Redmond, OR. The property is considered among the largest industrial land sites currently available for sale in the entire s...
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• Westcore Nabs 115k sf Warehouse Property in Phoenix
8/18/21
In a recent Phoenix industrial buy, Westcore paid $13.5 mil for a 114.9k sf, warehouse building at below replacement cost. The property, located at 200 S. 49th St, was sold by an owner-user in a sale-leaseback deal.
Westcore...
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• Rubicon Point Partners Buys Historic Mason Block in Seattle’s Pioneer Square Submarket
8/16/21
Rubicon Point Partners acquired Masin Block in downtown Seattle’s Pioneer Square submarket. The $24.1 mil purchase from Alexandria Real Estate was made through Rubicon First Ascent LP, a fund with $232 mil of assets and the a...
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• IG Logistics LLC Buys 34-Acre Denver Industrial Site for $21 Mil
8/13/21
IG Logistics LLC has acquired the Lipan Street Industrial Park in Denver for $21 mil. The unique property consists of a centrally located industrial site totaling approximately 34.4 acres featuring outside storage, trailer pa...
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• Two East Bay Multifamily Sales Total Over $30 Mil
8/12/21
In recent multifamily activity out of the East Bay, a private investor purchased two properties totaling 96 units in separate transactions. The deals were in Hayward and Castro Valley, and had a combined price tag of $30.8 mi...
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• Xenon Investment Corp Spends $42 Mil on 130 Res Units in L.A.’s Koreatown Submarket
8/11/21
Xenon Investment Corp recently acquired two multifamily properties totaling 130 units in Los Angeles’ Koreatown submarket for a price of $42.2 mil, or about $324.6k per unit. The assets were sold by a private family investmen...
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• KB Development Buys 300 Res Units in Phoenix
8/10/21
In a Phoenix multifamily trade, SoCal-based KB Development purchased Green Leaf on Bell, a 306-unit, Class A community. KB has renamed the community, located at 1100 Bell Rd, Palms Luxury Apartments.
Although we don’t have ...
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• MG Properties Group Picks Up 288-Unit Multifamily Property in the Reno Metro Area
8/09/21
MG Properties Group acquired Parq Crossing Apartments, a 288-unit res asset in the larger Reno/Sparks metro area. The property, built in 2020, was purchased off-market directly from the developer. A price was not given out.
...
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• DermTech Leases 96k sf of Class A Space in Del Mar Heights
8/06/21
DermTech Inc leased 96k sf of Class A space at the Del Mar Corporate Centre for its new corporate headquarters in Del Mar Heights. DermTech is a leader in precision dermatology enabled by a non-invasive skin genomics platform...
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• Draftsmen & Craftsmen
8/06/21
Construction has been completed on Mt. San Jacinto College’s (MSJC) Temecula Valley Campus, marking the first permanent campus for higher education in the city. The 350k sf facility will enable MSJC to expand access to the re...
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• AZ Industrial Complex Gets New Owner in $18 Mil Deal
8/05/21
Pulliam Innovation Park, a four-building flex park totaling 91.4k sf of industrial, life sciences, R&D and office space in Flagstaff, AZ, traded for $18.26 mil ($200/sf). The purchased was financed with an acquisition loan of...
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• Rancho Cordova Industrial Asset Fetches $146/sf
8/04/21
A 108.4k sf industrial property in Rancho Cordova sold for $15.8 mil, or $146/sf. The property was sold by Corsair Management Limited Partnership.
Located at 11380 White Rock Rd, the property was originally constructed in 19...
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• GO Industrial Buys 77 Acres for Phoenix West Valley Industrial Development
8/04/21
Phoenix-based GO Industrial has embarked on its first metro Phoenix development, purchasing 77 acres in the West Valley submarket for the development of GO | 99. The new project will total three buildings and over 1.2 msf of ...
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• Related California and the Housing Authority of the City of Los Angeles Begin Redevelopment of Housing Project in Northeast Los Angeles
7/30/21
Related California, working with the Housing Authority of the City of Los Angeles, has begun work on the first phase of the redevelopment and expansion of the Rose Hill Courts public housing complex in northeast Los Angeles. ...
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• Local AC Plumbing Firm Spends $7.3 Mil on Phoenix Building
7/30/21
In a recent AZ office trade, Goettl Air Conditioning & Plumbing paid $7.3 mil for a 55k sf ($133/sf) building in Phoenix. Located on 6.61 acres of land at 4611 East Baseline Rd, the single-story back-office property was built...
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• Real Estate Developer Bernie Huberman Passes Away
7/27/21
The world lost a real estate legend on July 10 as veteran real estate developer Bernard “Bernie” Huberman passed away at the age of 65.
A son of Russian immigrants who grew up in Boyle Heights working at his father’s scrap ...
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