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• Stockbridge Buys Fully Leased AZ Single-Tenant Industrial Facility
6/28/22
In a notable AZ industrial acquisition, Stockbridge purchased a recently built, 147.4k sf Class A warehouse/distribution building on 28.6 acres in Mesa, AZ. Located at 3115 N Higley Rd, the single-tenant logistics building w...
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• Cityview Buys 135-Unit Res Community in Portland
6/28/22
Cityview has acquired Burnside 26, a four-story, podium-style apartment community in Southeast Portland that consists of 135 res units along with 1.3k sf of restaurant space. The price was not given out.
Burnside 26 is loca...
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• Rexford Industrial Realty Picks Up Five-Acre Development Site in Santa Fe Springs
6/24/22
Rexford Industrial Realty acquired a five-acre development land parcel in Santa Fe Springs for $34 mil. Rexford plans to complete the ground-up development of a 108k sf, Class A warehouse facility at the site. The acquisition...
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• Inland Real Estate Acquisitions Has Acquired Two Build-to-Rent Developments in the Phoenix Metro Area
6/23/22
Inland Real Estate Acquisitions, a Chicago-based REIT, has acquired TerraLane at South Mountain and TerraLane at Canyon Trails, two build-to-rent located in Phoenix and Goodyear, AZ. The two communities, comprising a total of...
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• Colorado Retail Center Goes for $138/sf
6/21/22
Centerpointe Plaza, a 155k sf neighborhood retail center along North Academy Blvd in Colorado Springs, was purchased by a Denver-based private fund for $21.4 mil ($138/sf). Built in 1983, Centerpointe Plaza comprises five mul...
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• Cliff Carnes Joins Matthews Real Estate Investment Services as Executive Vice President
6/20/22
Cliff Carnes has joined Matthews Real Estate Investment Services as Executive Vice President, Managing Director of the firm’s Capital Markets Division. Previously positioned as Senior Vice President and Chief Production Offic...
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• Experiential Office Redevelopment in Tempe Seeing Substantial Pre-Leasing Interest
6/20/22
There has been over 32k sf of pre-leasing at an experiential office renovation development still under construction in Tempe, AZ. The $18 mil project, Arbor, is a development of Phoenix-based George Oliver.
Located in down...
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• Napa Auto Parts Portfolio Sells for $21 Mil
6/17/22
A portfolio consisting of 12 single-tenant retail assets occupied by Napa Auto Parts across 10 states traded hands in a transaction valued at $21.1 mil. The assets, located in Alaska, Arkansas, Florida, Georgia, Mississippi N...
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• Walker & Dunlop Investment Partners and Pacific Life Form Investment Partnership
6/17/22
Walker & Dunlop Investment Partners Inc (WDIP) and Pacific Life have partnered to form a $500 mil programmatic joint venture. The joint venture will make equity investments in multifamily and industrial properties across the ...
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• Medical Office Building in Phoenix Sells for Just Over $9 Mil
6/17/22
A 24.8k sf, multi-tenant medical office building in Phoenix traded hands in a recent deal worth $9.05 mil ($365/sf). The freshly renovated, two-story building, known as Missouri Professional Plaza, is 100% leased to a highly ...
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• AZ Flex Property Gets New Owner in $11 Mil Deal
6/16/22
A 56.2k sf, flex office property in Tempe, AZ was purchased for $11 mil ($195/sf) by RSE Capital Partners LLC. Located at 8123 South Hardy Dr, the single-story building will soon be fully vacant following the departure of its...
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• WG Group Picks Up 110k sf Phoenix Office Asset
6/16/22
WG Group has acquired Foothills Corporate Centre I, a 110.4k sf, value-add office building in Phoenix. The price was not given out.
Located at 14415 S 50th St, Foothills Corporate Centre I is a single-story, 110.6k sf back o...
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• CBRE Investment Management Acquires 230k sf Phoenix Industrial Asset
6/15/22
CBRE Investment Management purchased Freeway Logistics Center, a three-building, 230.4k sf Class A industrial complex situated on 19 acres in Phoenix. Built in 2017, the multi-tenant complex that provides frontage along Inter...
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• Phoenix Res Community Trades in $32 Mil Deal
6/15/22
Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, was sold in a $32.1 mil ($178.3k/unit) transaction. The asset was sold by Tower 16 Capital Partners, who acquired the property in December 2019 for $11...
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• Industrial Facility in the Bakersfield Area Goes for $12 Mil
6/14/22
A fully leased 80k sf industrial building in Shafter, CA – in the Bakersfield area -- traded for $12 mil in an off-market transaction. The building sits on 4.7 acres but comes with an adjacent 15.56 acres of undeveloped surpl...
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• Clise Properties Has Acquired 100% Interest in Seattle Class A Office Tower
6/14/22
Clise Properties has acquired 100% interest in 1700 7th Avenue, a Class A+ office tower in downtown Seattle. Clise Properties, a family-owned and -operated Seattle real estate developer, originally developed the building and ...
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• MAG Capital Partners Buys 27 Resort Condo Units in Moab, UT
6/13/22
MAG Capital Partners LLC, acquired 27 resort condominium units at 2331 Mesa Road in Moab, UT, part of the seven-acre Sage Creek at Moab resort, with plans to develop an additional 60 units. The bank-owned real estate was purc...
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• TruAmerica Multifamily Completes $54 Mil Multifamily Purchase in Washington
6/13/22
TruAmerica Multifamily has acquired The Dakota, a 156-unit garden-style apartment community in Lacey, WA, a suburb of Olympia, for $54 mil ($346k/unit). The 15-year-old institutional quality asset brings the number of multifa...
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• Montecito Companies Picks Up adjacent Medical Office Buildings in Las Vegas for $8.4 Mil
6/10/22
Nashville, TN-based Montecito Companies acquired two adjoining medical office buildings in Las Vegas in a sale/leaseback transaction valued at $8.4 mil. The buildings, located at 7189 and 7195 Advanced Way, are equal sized an...
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• Preservation Equity Fund Advisors LLC Closes Its WNC Preservation Equity Fund 2, L.P.
6/09/22
Preservation Equity Fund Advisors LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, has closed its WNC Preservation Equity Fund 2, L.P. It achieved ...
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