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• Phase 3 Real Estate Partners Buys Sorrento Mesa Office/Flex Asset
9/10/21
Phase 3 Real Estate Partners purchased a vacant, two-story, 40.8k sf office/flex building in Sorrento Mesa. The building, sitting on 2.9 acres of land at 10170 Sorrento Valley Rd, is a good candidate for conversion or ground-...
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• Videoms.com Acquires ASOC LLC to Expand Aerial Inspection Services for Real Estate Construction / Development
9/09/21
Videoms.com has entered into a definitive agreement to acquire Aerial Systems on Command (ASOC LLC). ASOC is a provider of drone services to the construction and commercial real estate industries.
Since 2015, ASOC has compl...
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• Total Office Solutions Leases 329k sf TX HQ Facility
9/09/21
Total Office Solutions LLP signed a long-term lease for 329.4k sf of HQ space at Stadium Logistics Center, located at 2201 Chemsearch Blvd in Irving, TX. The moving and office furniture sales firm, which will be the sole occu...
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• Vegas Apartment Building Trades for $21.75 Mil
9/08/21
Mark I Apartments, a 113-unit apartment property in Las Vegas has a new owner after being sold in a $21.75 mil ($192.5k/unit) transaction. The property, which includes three retail units, is located at 1020 E. Desert Inn Rd. ...
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• Barstow Raising Cane’s Trades at a 4.3% Cap Rate
9/07/21
A Los Angeles-based 1031 exchange investor paid $5.49 mil for the ground lease purchase of a 3.3k sf retail property occupied by Raising Cane’s in Barstow. The asset, located at 2620 Fisher Blvd, traded at a cap rate of 4.3%,...
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• 32-Acre Texas Site Purchased for Development of a Mixed-Use Project
9/07/21
Juliet Five LLC purchased a 32-acre land parcel located at 1635 E Hwy 290 in Dripping Springs, TX, 20 minutes west of downtown Austin. The buyer intends to use the property to develop a mixed-use project incorporating retail,...
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• Cannae Partners and Blue Vista Capital Management Acquire 61k sf R&D/Office Asset in Fremont
9/06/21
Cannae Partners and Blue Vista Capital Management purchased Bayside Technology Park, a 61.5k sf R&D office building in Fremont. The property was sold by Osprey Capital LLC in a $16.55 mil ($269/sf) deal.
The property is loca...
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• Norwalk Multifamily Community Gets New Owner in $81 Mil Transaction
9/03/21
Solterra at Civic Center, a 192-unit, garden-style, value-add multi-housing community in Norwalk, traded hands in a recent transaction valued at $81 mil, or $422k per unit. The property was sold by RedHill Realty Investors, S...
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• TruAmerica Multifamily Buys Two Texas Res Communities Totaling Over 500 Units
8/31/21
TruAmerica Multifamily has doubled its portfolio in Texas with the recent acquisition of two Dallas-area properties, The Heights and Mission Ranch apartments. The assets, acquired in separate transactions, total more than 500...
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• Bloom Energy Agrees to 150k sf Expansion/Renewal Lease in San Jose
8/31/21
Bloom Energy has inked a new lease in San Jose to renew and expand its current 102.8k sf space at 237@First with an additional 47.1k sf. Bloom Energy – which delivers highly reliable and resilient, always-on electric power th...
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• Avanath Capital Management Buys 71-Unit Berkeley Multifamily Property
8/30/21
Avanath Capital Management LLC has acquired Acton Courtyard, a 71-unit, mixed-use affordable housing community with 7k sf of ground-floor retail in Berkeley, CA. The property is located at 1370 University Ave, between San Pab...
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• Construction Completed on New OC Memory Care Facility
8/26/21
C.W. Driver Companies has completed construction of Grace Gardens, a 50.6k sf, two-story memory care facility for Town & Country in Santa Ana that enables the non-profit senior living community to expand its levels of care fo...
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• Comunale Properties Starts Work on Fort Collins, CO Industrial Development
8/26/21
Construction has commenced on Mulberry Connection, a two-building, 164.2k sf industrial/distribution and showroom development in Fort Collins, CO. The Class A project is owned and being developed by Comunale Properties. Situa...
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• DWS Makes $67 Mil Bay Area Retail Buy
8/25/21
DWS has closed on the purchase of Hamilton Marketplace, a 90.7k sf shopping center in the Bay Area city of Novato. The property was sold by Grosvenor Americas in a deal sources say was valued at about $67 mil ($739/sf).
Hami...
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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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