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• AZ Investor Buys Three Phoenix Sites that Offer Significant Development Potential
7/21/21
An Arizona real estate entity acquired three properties in the Midtown area of Phoenix. The sites are located at the intersection of 4th Ave and Osborn Rd and consist of two vacant lots totaling .38 acres along with an existi...
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• Archway Capital Expands Its Lending Platform and Its Exec Team
7/20/21
Archway Capital has expanded its lending platform to include first mortgage debt, mezzanine capital, as well as preferred and CO-GP equity between $3 mil and $15 mil secured by performing and non-performing residential and co...
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• Ti Cold Development Buys AZ Land for Spec Cold Storage Project
7/19/21
Ti Cold Development purchased a 27.2-acre site at the northwest corner of Joe R. Ramrez Rd and Dysart Rd in El Mirage, AZ. The land is part of the first phase of the future development of Copperwing Logistics Center, a specul...
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• Agora Realty Spends $16 Mil on 71k sf Vegas Retail Property
7/16/21
Agora Realty acquired Bonanza Eastern Plaza, a 71k sf retail center in Las Vegas, in a recent $16.1 mil ($227/sf) transaction. The asset, located at 550-580 N. Eastern Ave, represents the fourth grocery-anchored shopping cent...
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• DB Capital Management Closes on 88-Unit Multifamily Acquisition in Utah
7/15/21
DB Capital Management has purchased Spring Hollow, an 88-unit apartment complex in Millcreek, UT, an affluent suburb of Salt Lake City. The property is located at 340 E. Gordon Lane, just east of State St.
Millcreek is locat...
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• Redevelopment Site in West Los Angeles Trades under the Guidelines of the Recently Approved Exposition Corridor Transit Neighborhood Plan
7/14/21
A 20.3k sf redevelopment site on the northeast corner of Pico and Sepulveda in West Los Angeles was purchased by a partnership between HATCHspaces LLC, a life sciences developer focused on creating workspaces for STEAM-based ...
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• MIG Real Estate Pays $333k/Unit for Oceanside Res Community
7/13/21
Stone Arbor Apartments, an 88-unit multifamily community in Oceanside, was purchased by OC-based MIG Real Estate for $29.3 mil, or $333k per unit.
Stone Arbor Apartment Village was originally constructed in 1977 and is locat...
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• The Bascom Group Wraps Up $72 Mil Res Buy in Las Vegas
7/09/21
The Bascom Group LLC closed on the purchase of a 390-unit, three-property portfolio in Las Vegas for $72 mil, or $184.8k per unit. The acquisition included Spectra at 4000, Spectra East, and Spectrum at Katie.
Spectra at 40...
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• Two SoCal Retail Centers Hit the Market
7/09/21
We’ve learned of two unique SoCal lifestyle and entertainment centers that have hit the market. One of the properties, Plaza Mexico, is located in the City of Lynwood, while the other, The Source, is located in Buena Park. Bo...
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• OC Mixed-Use Logistics Asset Sells
7/08/21
A fund sponsored by CBRE Global Investors has acquired Irvine Crossing, a 395.7k sf, mixed-use logistics asset in Orange County. The property is a fully leased property that is comprised of a powered shell data center and a l...
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• Office Asset Gets New Ownership in $5.85 Mil Transaction
7/07/21
Mesa Commerce Center, a 71.6k sf, multi-tenant office complex in Mesa, AZ, sold for $5.85 mil ($82/sf). The property, consisting of five two-story office buildings in a low-rise, garden-style setting, was approximately 70% le...
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• Tides Equities Spends $30 Mil on AZ Multifamily Asset
7/06/21
Tides Equities has closed on the acquisition of IVilla Garden Apartments, a 214-unit multifamily project in Phoenix, for $30 mil, or $140.2k/unit. The property was sold by Tower 16, who bought the asset in February 2020 for $...
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• Hines Buys 161k sf Industrial Park in San Diego’s Miramar Area
7/02/21
Hines has purchased Activity Business Center, a five-building multi-tenant industrial asset totaling 161.2k sf in the Miramar submarket of San Diego. Approximately 90% leased at the time of sale, the portfolio was sold by BKM...
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• Rexford Industrial Realty Increases Borrowing Capacity of Revolving Credit Facility by $200 Mil
7/02/21
Rexford Industrial Realty has exercised the accordion option of the company's existing unsecured revolving credit facility and increased the borrowing capacity by $200 mil, from $500 mil to $700 mil. All other material terms...
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• Commercial Real Estate Financing Briefs
6/30/21
CBRE - Mark McGovern and Brian Cruz of CBRE’s debt and structured finance team have arranged a $28 mil loan for the refinancing of 500 Ygnacio, an office property in Walnut Creek. Located at 500 Ygnacio Valley Rd, the 105.5k ...
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• Kennedy Wilson Launches $1.5 Bil Multifamily Platform With Global Institutional Investor
6/30/21
Kennedy Wilson has entered into a new joint venture with a global institutional investor to acquire and manage core-plus multifamily communities in the Western U.S.
The platform was seeded with an $800 mil portfolio, includi...
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• Houston Industrial Assets Generate Strong Interest
6/28/21
Here’s an update on three Houston industrial sales totaling 198.7k sf between different buyers and sellers that occurred within a 10-day period. The properties traded were: 15800 Export Plaza, located within World Houston Bus...
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• Hawaii-Based Investor Closes on $5.5 Mil AZ Industrial Buy
6/28/21
A 29.4k sf, fully leased industrial property in Phoenix was purchased by a Hawaii-based 1031 exchange private buyer for $5.5 mil, or $187/sf. Located at 23048 N. 15th Ave, the property was originally constructed in 2003 and r...
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• Trion Properties Launches Its Third Multifamily Investment Fund
6/25/21
Trion Properties has announced the launch of Trion Multifamily Opportunity Fund III LLC, its third investment fund vehicle. The fund, which will target $75 mil in equity to deliver $175-200 mil in buying power, will primarily...
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• The Federal Deposit Insurance Corporation Leases 163k sf of Office Space in Dallas
6/25/21
The Federal Deposit Insurance Corporation (FDIC) has signed a long-term lease for 163k sf of office space at Plaza of the Americas in Dallas.Terms of the deal were not disclosed, although we’re told the lease ranks as one of ...
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