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• $55 Mil San Fernando Valley Res Buys Consists of Three Properties Totaling 246 Units
1/05/23
A 246-unit, three-property res portfolio in the northern San Fernando Valley communities of Granada hills and Northridge traded hands in a $55.5 mil ($225.6k/unit) deal. The assets were sold by Upside Investments and purchase...
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• New Res Development in Tacoma, WA Lands $15.8 Mil Refi
1/04/23
Koz Development has obtained $15.75 mil in refinancing on MLK Way, a newly-built, 161-unit multifamily property in Tacoma, WA. Located in an Opportunity Zone at 824 Martin Luther King Junior Way, the six-story property consis...
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• Phoenix-Area Hotel Property Gets New Owner in $19.5 Mil Deal
1/04/23
In a recent Phoenix area hotel trade, HWC Hospitality paid $19.5 mil for Hyatt Place, a 127-room ($153.5k/room) hotel in Gilbert. The six-story property is located at 3275 S. Market St.
Hyatt Place is strategically located a...
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• Greer Oliver and Connor Nebeker-Hay Join JLL Capital Markets
12/30/22
Greer Oliver and Connor Nebeker-Hay have joined JLL Capital Markets as Senior Director and Associate, respectively, in the firm’s Phoenix office. Oliver will lead JLL’s institutional industrial investment sale efforts through...
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• Marcus & Millichap President and CEO Hessam Nadji Elected to ICSC Board of Trustees
12/30/22
Marcus & Millichap president and CEO Hessam Nadji has been elected to join ICSC Board of Trustees. Nadji’s selection marks the first time that a brokerage CEO has been appointed to this position.
“We are pleased to have He...
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• Phoenix Industrial Building Goes for $175/sf
12/29/22
A 48.5k sf industrial building in Phoenix was purchased by a private investor in an $8.5 mil ($175/sf) deal. The property, located at 3201 East Broadway Rd, was sold by Atlas Phoenix.
Located south of Sky Harbor Internationa...
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• Phoenix Hotel Property Trades for Over $16 Mil
12/28/22
A 99-room Hampton Inn hotel asset in Phoenix sold for $16.25 mil, or $164k/room. The property, located at 160 W Catalina Dr, was purchased by locally-based Mango Tree LLC.
The Hampton Inn benefits from its strong brand and b...
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• AZ Build-to-Rent Development Lands $30 Mil in Construction
12/27/22
A joint venture between Blue Vista Capital Management and Family Development secured $30 mil in construction money for Villas Litchfield Park, a planned, 153-unit, build-to-rent community development in Phoenix.
Upon comple...
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• Chris Moe, Hans Kemo and Austin Arper Join CRE’s Seattle Office
12/27/22
Three life sciences specialists have joined the Seattle office of CBRE. Chris Moe and Hans Kemp join as Executive Vice Presidents and will be co-leaders of CBRE’s Life Sciences practice in the Northwest. Austin Arper joins as...
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• Colorado Industrial Building sells for $195/sf
12/27/22
A 24.9k sf, freestanding industrial building located in the Gateway Business Park in Johnstown (Fort Collins), CO sold for $4.85 mil ($195/sf). The property is 100% leased to a single tenant, an undisclosed company in the Gas...
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• Union Bank Sells Five San Diego Area Branches for $19 Mil
12/23/22
Union Bank collected $19.25 mil from the sale of five bank branches across San Diego County and in Brawley, CA.
Two branches are in San Diego, one near Ocean Beach at 1858 Cable St and the other at 6010 El Cajon Blvd. Built ...
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• NoCal Chick-fil-A Single-Tenant Property Sells for $2,167/sf
12/23/22
A NoCal-based private investor purchased a new, 4.8k sf single-tenant net lease Chick-fil-A Drive-Thru in Livermore for $10.4 mil, or $2,167/sf. The property was sold by Meridian, a full-service real estate developer and inve...
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• Fremont Multifamily Property Sells for $453k/Unit
12/22/22
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, sold in a $27.2 mil ($453.3k/unit) trade. Victoria Park is located at 40882 High St, just west of I-680.
Built in 1987, Victoria Park of...
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• Class 36k sf Industrial Facility Under Construction in Loveland, CO
12/22/22
Airpark North, a brand new Class A industrial project has broken ground in Loveland, CO. The 36k sf facility is owned and being developed by the master developer of Airpark, BH Developers, and a prominent GC, Evergreen Indust...
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• Community Preservation Partners Spends $29 Mil on 143-Unit Multifamily Property in Aurora, CO
12/21/22
Community Preservation Partners’ (CPP) latest acquisition was of Windsor Court, a 143-unit res property in Aurora, CO, in a $29.3 mil deal. The three-story garden-style development offers one- and two-bedroom apartments desig...
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• Tucson Retail Center Goes for $225/sf
12/21/22
Silverbell Plaza, a 97.5k sf retail center in Tucson, AZ, sold for $22 mil, or $225/sf. The property is located at 2480-2500 N. Silverbell Rd and 2106-2180 W. Grant Rd.
Situated on 8.45 acres, the property was 97% occupied a...
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• Clarion Partners Sells 459k sf Industrial Facility in Washington
12/20/22
Renton Logistics Center, a 459.3k sf, Class A industrial building in Renton, WA, was acquired by an unnamed institutional buyer. The property was sold by Clarion Partners.
A rare offering of scale in the Kent Valley, this hi...
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• Maryland Firm Buys 13 Acres in Manor, Texas for Res Project
12/20/22
Maryland-based DD&B Construction purchased a 13.2-acre land parcel located at E Hwy 290 and Gregg Manor Rd in Manor, TX. The site is planned for an approximately 200-unit multifamily project with up to 20k sf of retail space....
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• The Bascom Group Picks Up 346-Unit Res Community in Houston
12/19/22
The Bascom Group has acquired Montierra, a 346-unit community in Houston. Built in 2003, Montierra is located at 2345 Sage Rd, in the city’s Uptown/Galleria submarket. The price was not disclosed.
Developed by Sueba USA, kno...
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• Sacramento’s Esquire Plaza Lands $19.5 Mil Refi
12/16/22
Esquire Plaza, a 22-story, 307k sf Class A office tower anchoring Sacramento’s Governmental Affairs District skyline, was refinanced with a new loan for $19.5 mil. Notable tenants include the Associated Press, California Buil...
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