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• White Oak Healthcare MOB REIT Buys Medical Office Property in Henderson, NV
2/03/21
White Oak Healthcare MOB REIT purchased a 38.1k sf, medical office property in Henderson, NV for $18.8 mil ($493/sf). The property is located at 2779 W. Horizon Ridge, in close proximity to Dignity Health’s hospital campus.
...
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• Construction on Gilbert Spectrum V Office Building in AZ for Northrop Grumman
2/02/21
Graycor Construction Company has completed the Gilbert Spectrum V office building on behalf of the property owner, SunCap Property Group, and is now underway on the final build-out for the building’s tenant – global aerospace...
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• LPC Desert West Buys 20 Acres in AZ for Industrial Project
2/01/21
LPC Desert West has purchased nearly 20 acres in the I-10 corridor in Phoenix for Buckeye85, a 321.9k sf, Class A industrial project. Buckeye85 will deliver the location, flexibility and creative industrial amenities desired...
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• Phoenix Paver Collects $14 Mil for HQ and Adjacent Facilities in Sale/Leaseback Deal
1/29/21
An LA area investor purchased Phoenix Paver’s headquarters and production facilities in Phoenix for $14 mil in a sale/leaseback transaction. Comprising four neighboring properties in the airport area, the acquisition consists...
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• Two Leases Totaling $17 Mil Bring Irving Office Complex to 85% Leased
1/28/21
There have been two new tenant leases totaling 54.9k sf of office space and worth a combined $17 mil to report at Urban Towers, a Class AA, high-rise office complex in Irving, TX, near Dallas. The asset is owned by San Diego-...
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• Related California Breaks Ground on 50-Unit Affordable Housing Community in Fountain Valley
1/28/21
Related California has broken ground on Prado Family Homes, a 50-unit, five-building affordable housing community in Fountain Valley. The project, estimated for completion in the first quarter of 2022, is being built by R.D. ...
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• MIG Real Estate Buys 139k sf Industrial Project in Arizona
1/28/21
Gateway Technology Commerce Center, a newly constructed Class A multi-tenant industrial / warehouse project totaling 138.7k sf of space in Mesa, AZ, sold for $21.4 mil ($154/sf). The two-building project was acquired by Newp...
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• CapRock Partners Picks Up 13 Acres in Southwest Las Vegas
1/27/21
CapRock Partners has acquired a 12.95-acre industrial parcel in the Southwest Las Vegas submarket. The company plans to develop a three-building, 230k sf industrial park on the land, which was purchased from a local investmen...
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• $32 Mil Crown Valley Park Community Building for Laguna Niguel Completed
1/26/21
Work has been completed on a new Crown Valley Park Community Building in Laguna Niguel. The $32 mil project was built by C.W. Driver Companies on behalf of the City of Laguna Niguel. LPA Inc was the architect for the develop...
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• Universe Holdings Spends $6.9 Mil for Historic Multifamily Community in Hollywood
1/25/21
Universe Holdings has acquired Villa Valentino, an historic 18-unit multifamily community in Hollywood, for $6.9 mil ($383k/unit). Built in 1926, the property is located at 2000 N. Highland Blvd, north of Hollywood Blvd and j...
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• YAM Properties Purchases 238k sf AZ Retail Center
1/22/21
Pima Crossing, a 238.3k sf, retail destination shopping center located at the northwest corner of Shea Blvd and Pima Rd in Scottsdale, AZ, sold for $51.5 mil ($216/sf). The buyer was YAM Properties, an owner-operator based i...
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• AZ Retail Center Goes for $15 Mil
1/22/21
HK Real Estate Investment paid $15 mil for Tri-City Pavilions, a 94.3k sf ($159/sf), Safeway grocery-anchored shopping center in Mesa, AZ. The property was sold by Lamar Companies.
Located on 11.23 acres at the northeast cor...
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• Denver’s Granite Tower Receives Major Renovation
1/22/21
KBS has completed a series of renovations to Granite Tower, a 31-story Class A office building in Downtown Denver. Granite Tower, located at 1099 18th St, is owned by KBS REIT II.
The improvements serve to activate the bui...
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• NY Investor Picks Up 200k sf Industrial Portfolio in $28 Mil Deal
1/21/21
An unnamed New York-based institutional investor acquired an eight-building industrial portfolio in a recent $28 mil sale/leaseback purchase. The portfolio, located across four states in the Southeast and Texas, totals more t...
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• Prologis Completed $25 Bil of Industry Activity for 2020
1/21/21
Global industrial real estate firm Prologis Inc tells us that in 2020, the firm completed $25 bil of investment activity on an owned and managed basis. From the ProLogis – AMB merger in 2011 to year-end 2020, Prologis has com...
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• New $23 Mil Performing Arts Complex Finished at Woodbridge High in Irvine
1/21/21
Irvine Unified School District has completed work on a $23 mil Performing Arts Complex at Woodbridge High School in Irvine. The 36k sf facility will support the need for additional and upgraded performing arts space for stude...
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• CRG to Develop 5.5 msf AZ Industrial Park
1/19/21
CRG has announced plans to develop The Cubes at Glendale, a 335-acre industrial park featuring 5.5 msf at the intersection of Reems Rd and Northern Ave in Glendale, AZ. CRG is the real estate development and investment arm of...
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• Draftsmen & Craftsmen
1/19/21
Here’s news from a Western US state we don’t report about much – Alaska. In Anchorage, architecture firm Perkins&Will has completed the modernization and expansion of the former Key Bank Plaza building in the city’s downtown ...
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• Toda America Dublin Down on Tri-Valley Office Market
1/18/21
Hites Plaza, a 120.2k sf, Class A office building in the Bay Area’s Tri-Valley region, was acquired by Toda America for $34.7 mil, or $289/sf. The four-story building is located at 5601 Arnold Rd, north of I-580 and east of I...
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• AZ Single-Tenant Industrial Facility Acquired for $16.35 Mil by Stos Partners
1/18/21
Stos Partners has acquired its first property in the Phoenix Metro area with the acquisition of a 227k sf, single-tenant, industrial asset in Tolleson, AZ. The property was acquired all-cash off-market from a private seller f...
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