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Hybridge Capital Management and Productive Capital Associates Close on $40 Mil Student Housing Buy in Denver 10/15/21 Hybridge Capital Management, in a venture with Productive Capital Associates, has acquired The Villas, a 120-unit, 360-bed student housing community in Denver, for $40 mil ($333k/unit) in an off-market transaction.
The Villa...
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Yahee Technologies Agrees to Lease 200k sf Spec Industrial Facility in Ontario 10/15/21 Yahee Technologies, a global e-commerce wholesaler, has agreed to a long-term lease for a 199.5k sf spec industrial development being built by Duke Realty Corporation in Ontario. The facility, situated on 8.7 acres at 1532 So...
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New $61 Mil Language Arts and Social Science Building Completed at Orange Coast College 10/13/21 A new, 107.8k sf Language Arts and Social Science Building at Orange Coast College (OCC) has been completed. The three-story facility cost $61.5 mil and was built by C.W. Driver Companies.
The facility houses classrooms, off...
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Comunale Properties and Stevens-Leinweber Construction Start work on AZ Industrial Project 10/13/21 Denver-based Comunale Properties (Comunale) and Stevens-Leinweber Construction (SLC) have broken ground on Chandler Connection, a 201k sf, Class A industrial project within the booming Chandler Airport industrial submarket in...
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OR Last-Mile Facility Fetches $218/sf 10/12/21 A 129.8k sf, last-mile delivery station in Salem, OR sold for $28.25 mil ($218/sf). The property, located at 5475 Gaffin Rd SE, was a former solar panel plant owned and operated by Panasonic.
The Panasonic operation closed ...
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Santa Ana Medical Office Building Gets New Owner in $30 Mil Deal 10/12/21 A newly renovated, 53.6k sf medical office building in Santa Ana was purchased by a large SoCal healthcare provider in a $29.9 mil ($558/sf) transaction. The building, sold by Meridian, is located at 3601 W. Sunflower Ave, wi...
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Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale 10/11/21 Rexford Industrial Realty completed two industrial property acquisitions that comprise an aggregate 421.8k sf of space and one 80.2-acre industrial storage site for a total purchase price of $285.6 mil. The company also sold ...
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Phoenix Flex Building Sale Comps at $147/sf 10/08/21 A 61.3k sf, flex/office/industrial property in Phoenix was acquired by Michael Hsiung, founder and owner of Phoenix Rising Investments LLC, for $9 mil ($147/sf). The property, known as Riverpoint Building 2, is located at 310...
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MCA Realty Closes on $71 Mil in Industrial Acquisitions 10/08/21 MCA Realty recently completed five industrial acquisitions in deals totaling just over $71 mil. The assets include two in Washington, two in Las Vegas and one in the City of Orange.
The five properties were acquired through ...
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SPC Acquisition Company Buys 130k sf OR Distribution Building 10/07/21 SPC Acquisition Company LLC paid $28.25 mil for a 129.9k sf ($217.5k/sf), freestanding distribution building on nearly 20 acres with a 10+ acre excess parking facility in Salem, OR. The property is 100% leased to a global For...
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Global Mutual and Rialto Capital Management Entity Buy AZ Corp HQ Property 10/07/21 A joint venture between real estate investment firm Global Mutual and funds managed by Rialto Capital Management purchased a 153.7k sf corporate HQ property in Scottsdale for $25 mil ($163/sf).
The three buildings sit on rou...
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SWC Development Partners Buys 28 Acres of Development Land in Surprise, Arizona 10/07/21 South Dakota-based SWC Development Partners purchased 27.9 acres of land in Surprise, AZ for $7.14 mil. The buyer will use the site for development of a multi-phased industrial development of warehouse/distribution, manufact...
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Elion Partners Buys 72k sf Carlsbad Facility from Rexford Industrial for $18.6 Mil 10/06/21 Newton Corporate Center, a 71.6k sf, multi-tenant, industrial/R&D building in Carlsbad, has sold in a transaction valued at $18.6 mil, or $260/sf. The facility sits on approximately 4.45 acres at 5803 Newton Dr, off Faraday A...
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TriWest Multifamily Buys 312-Unit Res Community in Albuquerque 10/05/21 TriWest Multifamily has acquired Monterra Apartments, a 312-unit residential community located at 4217 Louisiana Blvd NE in Albuquerque, New Mexico. The property was purchased in an off-market transaction from Vukota Capital...
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Creative Office Property in Phoenix’s Warehouse District Fetches $274/sf 10/04/21 A CO-based private investor paid $5.76 mil ($274/sf) for a 21k sf creative office property in Phoenix’s Warehouse District. Maricopa County Regional School District signed a long-term, NNN lease for the property in conjunctio...
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Local Developer Buys 56 Acres in Mesa, AZ’s Elliot Road Technology Corridor 10/01/21 A 56.5-acre development site in Mesa, AZ’s Elliot Road Technology Corridor was acquired for $16.6 mil by Phoenix-based real estate investor and developer Eisenberg Company.
The buyer has approved plans with the City of Mesa ...
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Nadel Architecture Designs New High-Tech Shooting Range in Colorado 10/01/21 The Lakewood community will soon have access to a new state-of-the-art facility featuring a high-tech shooting range, retail, coffee bar and lounge as it prepares to welcome The Gallery Sportsman’s Club & Range. It is located...
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Multi-Tenant Office Property in Bellevue, WA Trades 9/29/21 New Rock Acquisition LLC has purchased Lincoln Plaza, a 148.7k sf, multi-tenant office campus in Bellevue, WA. The price was not immediately disclosed.
Lincoln Plaza is a three-building campus situated on 9.1 acres at 11225,...
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Sares Regis Group of Northern California and Dostart Development Company Start Work on Bay Area Office/Retail Project 9/29/21 Sares Regis Group of Northern California (SRGNC) and Dostart Development Company (DDC) have broken ground on 185k sf of office and retail space in the center of downtown Burlingame at the site of the long-vacant, 1.3-acre Bur...
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Newmark Knight Frank Lands Leasing Assignment for New Creative/Flex Campus Project in Tukwila, WA 9/29/21 Newmark Knight Frank has been awarded the leasing assignment for The Prato District Technology Center, a new state-of-the-art, Class A creative/flex campus in Tukwila, WA. The Prato District is comprised of 250 contiguous acr...
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