|
• New 586-Unit OR Res Project Moving Forward with $55 Mil Loan
12/16/22
Parkview Financial has provided a $55 mil loan to Stacy Allison Way Holdings LLC, an entity of West Coast Home Solutions, for the refinance and construction of a two-phased multifamily project totaling 586 units on 19 acres i...
|
• Chino Designated as One of the Top Ten “Boomtowns” in the Nation
12/15/22
The City of Chino has been recognized as a "Boomtown," which means it is one of the top ten fastest growing cities in the nation. SmartAsset.com reviewed the data for 494 of the largest cities in the United States, measuring ...
|
• Citywide Commercial Real Estate Spends $7 Mil on Phoenix Industrial Portfolio
12/15/22
Phoenix-based Citywide Commercial Real Estate has acquired a five-building, 86.3k sf industrial portfolio within Thunderbird Business Park in Phoenix for $7 mil ($81/sf). The portfolio, located on just over seven acres at the...
|
• Berk Properties Pays $11.6 Mil for Cannon’s Hotel Development Site in Dana Point
12/14/22
Newport Beach-based Berk Properties LLC acquired the fee simple interest in the Cannon’s Hotel Development Site in Dana Point for $11.6 mil. The former home of Cannon’s Restaurant, the site is fully entitled and has received ...
|
• Hanley Investment Group Real Estate Advisors Raises $33k for Movember
12/12/22
Hanley Investment Group Real Estate Advisors raised $33,265 for Movember. The company’s theme this year was “Taking Care of Business to Support Men’s Mental and Physical Health,” and represents Hanley Investment Group’s 12th ...
|
• Hospitality Reuse Property in Downtown L.A. Sells for $18 Mil
12/12/22
An adaptive reuse hospitality redevelopment site in downtown Los Angeles traded hands for $18 mil. The property, located at 124 E. Olympic Blvd, in the heart of the DTLA’s emerging Fashion District submarket, was sold by Jami...
|
• Commercial Real Estate Financing Briefs
12/09/22
JLL Capital Markets -- Aldon Cole and Brad Vansant with JLL Capital Markets arranged $20.6 mil in acquisition financing and joint venture equity for 2425 Auto Park Way, an 88.7k sf corporate headquarters and distribution faci...
|
• New Jersey Investor Spends $6.8 Mil on Phoenix Retail Property
12/08/22
Westridge Shopping Center, a 58.7k sf retail center in Phoenix, was acquired by Westridge Phoenix AZ LLC, a New Jersey-based investor, for $6.825 mil ($116/sf). The seller was DPM Westridge Shopping Center LLC.
Located at 7...
|
• Three-Building Utah Biz Campus Purchased by Hearthstone Capital
12/07/22
San Diego-based Hearthstone Capital Next Step has acquired Next Step Business Park, a three-building, 75.9k sf industrial park in Springville, UT. The property was sold by Regents Park Brixton LLC.
Located at 317 N. 2000 W, ...
|
• CapRock Partners Building 270k sf Industrial Facility in Pomona
12/06/22
CapRock Partners has obtained $50 mil in construction money for the construction of a 269.7k sf industrial facility in Pomona. Greg Brown, Peter Thompson and Sam Godfrey with JLL Capital Markets arranged the non-recourse cons...
|
• Vegas Industrial/Flex Building Sells for $319/sf
12/06/22
A 5.8k sf, concrete tilt-up industrial/flex commercial building in Las Vegas sold for $1.85 mil, or $319/sf. The building, located at 5040 West Post Rd, traded in a deal with an extremely short due diligence and closing perio...
|
• 48-Acre Colorado Site Sells for Just Under $10 Mil
12/05/22
A 48-acre, multi-building and land parcel that is fully leased to SiteOne Landscape Supply LLC in Windsor, CO sold for $9.85 mil. The buyer was IA Windsor LLC.
Located at 6166 Weld County Road 74 / Harmony Rd, the property p...
|
• La-Z-Boy to Make Itself at Home at Colorado Biz Park
12/02/22
La-Z-Boy Incorporated signed a long-term lease for 66.7k sf of space in Building I of Ascent Commerce Center, a newly built spec Class A warehouse and distribution development in Commerce City, CO.
Located at Tower Rd and Ea...
|
• Res Project in Bellevue, WA Breaks Ground
12/01/22
Legacy Partners, in partnership with New York Life Real Estate Investors, has broken ground on Copal, a 288-residence multifamily property in the fast-growing Bel-Red corridor submarket of Bellevue, WA. The mid-rise, transit-...
|
• Maximus Federal Services Renews 149k sf Phoenix Space
11/30/22
Maximus Federal Services has inked a renewal lease for its 149.2k sf space in Phoenix. The five-and-a-half-year extension is for the entire three-story, Desert Canyon building, located at 2411 West Peoria Ave.
2411 West Peor...
|
• Avanti Residential Buys 382-Unit Phoenix Res Community for $65 Mil
11/30/22
Avanti Residential has partnered with FCP in the acquisition of Omnia on Thomas, a 382-unit apartment community in Phoenix, for $65 mil, or $170k/unit. Recognized for its chic and colorful exterior with a coveted American Soc...
|
• Four-Building Industrial Park in City of Industry Goes for Over $300/sf
11/29/22
A four-building, 95.7k sf freestanding industrial park in City of Industry was purchased by Newport Beach-based Focus Real Estate and their joint venture equity partner Long Wharf Capital, in a $30.75 mil ($321/sf) transactio...
|
• UCLA Defeats USC in Annual NAIOP SoCal Silver Shovel Competition
11/29/22
On the 25th anniversary of the NAIOP SoCal UCLA vs USC Real Estate Challenge, it was UCLA’s five-member graduate student team that took home the Silver Shovel.
The event, held November 17 on the UCLA campus, pit five-member...
|
• Phoenix Office Building Gets New Owner in $14.55 Mil Transaction
11/28/22
A joint venture of Crowne Point Equity LLC, Corsair Management LP and A-1 Legacy Properties LLC paid $14.55 mil for a 42k sf ($346/sf) office building in Phoenix. Located at 6225 North 24th Street, the three-story building is...
|
• Prologis Buys Industrial Dev Site in Phoenix’ Deer Valley Area
11/23/22
Global industrial real estate leader Prologis has a 7.95-acre, infill land parcel in Phoenix for $8.65 mil. The site was sold in an off-market deal by Wadsworth Development.
The firm plans to develop two industrial building...
|
Return to the Home Page - Etc... Etc... area
