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May 27, 2024
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• Historic Building in Downtown Denver Sells for $700/sf
Dallas-based L&B Realty Acquisitions LLC paid $25.5 mil for the historic Union Pacific Building at Coors Field in downtown Denver. Located outside the third base gate of Coors Field, the 36.4k sf ($700/sf) retail building was...
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• The Bascom Group Buys 200-Unit Sun Chase Community in Las Vegas
The Bascom Group LLC has acquired Sun Chase, a a 200-unit multifamily property in Las Vegas, for $40.5 mil, or $202.5k per unit, in an off-market transaction. The garden-style property, built in 1984/1985, offers residents a...
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• Investor Wraps Up the Year with $7.7 Mil AZ Office Buy
In a recent AZ office trade, Chandler Office Center, a 57.3k sf property in Chandler, sold for $7.76 mil, or $135/sf. Located at 1331, 1347 and 1351 N. Alma School Rd, Chandler Office Center is a three-building property. Th...
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• Arizona Industrial Dev Site Goes for $6.5 Mil
A 54-acre industrial development site in Buckeye, AZ, at the southeast corner of Southern Ave and Rainbow Rd, within the Buckeye Rail Corridor, traded hands for $6.525 mil. The buyer was Buckeye 54 LLC, a Joint Venture formed...
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• Scottsdale Office Property Sells in $16 Mil Deal
Scottsdale Professional Building, a 77k sf, Class A office property in Scottsdale, AZ, was purchased by a private investor for $15.9 mil ($206/sf). Scottsdale Professional Building is a three-story, multi-tenant office prop...
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• White Mountain Investments Management Acquires AZ Office Asset in $16.8 Mil Deal
Agave Executive Center, a 78.8k sf, multi-tenant office building in the heart of Tempe, AZ, sold for $16.8 mil, or $213/sf. The asset was 100% leased at the time of sale. Comprising three office buildings located at 1721, 17...
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• Kamiak Pays $8 Mil for Development Parcel in Seattle
A 22.9k sf land parcel located in north Seattleís Fremont neighborhood sold to real estate firm Kamiak for $8 mil. The parcel is being considered for future mixed-use multifamily development. The property is located at 4318...
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• New 65-Unit Res Project in L.A.ís Silverlake Area is Fully Leased at Project Completion
The Ridge, a new 65-unit multifamily in Los Angelesí Silverlake neighborhood, has been completed and is 100% leased up. The indoor/outdoor-inspired multifamily property, located at 3160 Riverside Dr, adjacent to Griffith Park...
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• Trion Properties Acquires 197-Unit Multifamily Property in the Sacramento Area
Trion Properties purchased ReNew Carmichael, a 197-unit apartment community located in the Sacramento-area city of Carmichael, for $46 mil in an off-market transaction. The property was sold by FPA Multifamily in a deal that ...
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• DB Capital Management Picks Up 112-Unit Multifamily Property in Austin
DB Capital Management has purchased its third property in Texas in the last two months with its acquisition of Lantana Trace, a 112-unit multifamily community in Austin. The price was not disclosed. Since entering Texas in 2...
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• Principal Real Estate Investors Buys 195k sf OR Industrial Facility
Principal Real Estate Investors has acquired a just-completed, 195.5k sf industrial building in Hillsboro, OR. The facility was developed by Trammell Crow Company (TCC) and is fully leased to Hitachi High-Tech America Inc. Th...
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• SWC Development Partners Breaks Ground on 59k sf Distribution Facility in Surprise, AZ
SWC Development Partners has broken ground on a 59.4k sf warehouse/distribution facility located at 11860 N Dysart Rd within Skyway Business Park in Surprise, AZ. It is being built on 27.9 acres of land just acquired in Octob...
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• North Las Vegas Industrial Project Sees More than 1 msf in New Leases
There has been more than 1.045 msf worth of new leases and expansion deals signed at the Golden Triangle Logistics Center in North Las Vegas. The project is a development of Trammell Crow Company (TCC) and Washington Capital ...
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• Carlsbad Office/Flex Building Acquired by Miramar Capital in $20 Mil Deal
Aston Views, a freestanding, 83k sf office/flex building in Carlsbad, sold for $20 mil ($241/sf). The two-story building was approximately 90% leased at sale. Built in 2001, Aston Views is located at 1808 Aston Ave and consi...
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• City Center Realty Partners Buys R&D/Life Sciences Property in Berkeley
City Center Realty Partners has purchased Parker Innovation Hub, a three-building, 40.6k sf R&D and life sciences campus in Berkeley. The property was sold by Lift Partners in a $22 mil ($542/sf) transaction. Parker Innovati...
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• Northwest Building LLC Buys Self-Storage Properties in Reno and Sparks, NV
Northwest Building LLC, one of the Puget Soundís largest commercial real estate development, investment, and management firms, bought a portfolio of two self-storage facilities in the Northern Nevada markets of Reno and Spar...
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• Phoenix Office Property Gets New Owner in $17.5 Mil Deal
West 101 Corporate Center, an 81k sf, multi-tenant Class A office property in Phoenix, traded hands for $17.5 mil ($216/sf). Located at 1860 N 95th Lane in the West Valley trade area, the building was acquired by Overstreet P...
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• UT Physicians Inks Lease for 139k sf in Bellaire, TX
UT Physicians has signed a 139.2k sf lease at Bellaire Station at 6500 West Loop South in Bellaire, TX. Terms of the deal were not disclosed. Bellaire Station is a five-story, 389.8k sf office building and offers prominent f...
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• Kingsbarn Realty Capital LLP and Barker Pacific Group Buy Fullerton Towers Complex
In its first joint venture with Kingsbarn Realty Capital LLP, Barker Pacific Group (BPG) has acquired Fullerton Towers, a three-building, 233.2k sf office complex in Fullerton. The property consists of two multi-tenant build...
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• Res Developer Spends Over $15 Mil on Las Vegas Land Site
A 14.57-acre site located at the southwest corner of Arby Ave and Gagnier Blvd in Las Vegas sold for $15.25 mil. The landís zoning classification is Urban Village (U-V) and the new ownership plans to develop midrise apartment...
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