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• Atlas Capital Group Begins Redevelopment Work on Pasadena Office Property
4/16/21
Atlas Capital Group LLC has started work on the redevelopment of a five-story, 320k sf Class A office building in Pasadena. The project, located at 101 South Marengo Ave, is scheduled for completion in the first quarter of 2...
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• Erickson Companies Spends $26 Mil on Industrial Portfolio in AZ and CA that It Occupies
4/15/21
Erickson Companies purchased a multi-state industrial portfolio consisting of a 40k sf headquarters facility on 13 acres in Chandler, AZ and a 20k sf facility on 15 acres located in the Sacramento-area city of Roseville. The ...
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• Company 3 Takes 70k sf at Hudson Pacific Properties’ Harlow Office Building
4/15/21
Global post-production firm Company 3 has signed an 11-year lease for 70.3k sf of space at Harlow, Hudson Pacific Properties’ recently completed Class A office development at Sunset Las Palmas Studios in Hollywood. The lease ...
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• Investors Trade AZ Multifamily Community for $32 Mil
4/14/21
The Porter, a 165-unit multifamily community in Tempe, AZ, was purchased by a private investor for $32 mil, or $194k/unit. Constructed in 1980, The Porter is Located at 1532 South Price Rd.
The Porter contains a mix of one-b...
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• George Oliver to Transform Tempe Office Campus
4/13/21
Phoenix-based developer George Oliver has plans to implement a major makeover of the five-building Hayden Station mixed-use office campus in Tempe, AZ. The 107.5k sf property is located on the southwest corner of Mill Ave and...
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• Anchor Health Properties Spends $25 Mil on 81k sf Office Building in San Diego’s Mission Valley
4/13/21
Anchor Health Properties has purchased Rio Vista Plaza, an 81.2k sf, multi-tenant office building in San Diego’s Mission Valley submarket, for $25.3 mil ($312/sf). The buyer plans to reposition the property as a medical offic...
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• DWG Capital Partners Picks Up 36k sf TX Industrial Asset in Sale/Leaseback Deal
4/12/21
DWG Capital Partners purchased a 35.8k sf Texas industrial property in a sale-leaseback transaction. The transaction value was not disclosed.
The light industrial facility is located at 1317 Business Highway 71 North in Colu...
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• KTGY Architecture + Planning Acquires Simeone Deary Design Group
4/09/21
KTGY Architecture + Planning (KTGY) has acquired hospitality-focused interior design and branding firm Simeone Deary Design Group, creating a fully integrated architecture, branding, interiors and planning practice. Together,...
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• Tidewater Capital Finishes New Moxy Hotel in Oakland
4/07/21
Tidewater Capital has completed work on Oakland’s first Moxy Hotel, a young-at-heart brand by Marriott International. The 172-room boutique hotel was developed utilizing the opportunity zone investment program. The project, w...
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• Investor Exchanges into Phoenix Industrial Facility for $16.8 Mil
4/07/21
A new 146.5k sf distribution and manufacturing facility in Phoenix was acquired for $16.8 mil ($115/sf) by a 1031 exchange investor. The property was sold by Caprock Partners.
Located at 4615 W. McDowell Rd, the property can...
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• Black Creek Group Finishes Spec Industrial Development in Fort Worth
4/06/21
Black Creek Group has completed construction of Carter Park, a spec industrial development in Fort Worth, TX. The project, consisting of three distribution/warehouse buildings of 250k sf, 231k sf and 88k sf, was built by Cade...
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• Palisades Property Trust Buys AZ Industrial Property
4/06/21
Palisades Property Trust acquired a 65.5k sf industrial property in the Phoenix metropolitan area from a long-term corporate owner in an off-market transaction. The asset, located at 1503 West San Pedro in Gilbert, was purch...
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• NY Pension Fund Advisor Buys 389-Unit AZ Res Property
4/05/21
Almeria at Ocotillo, a 389-unit multifamily property in Chandler, AZ, was acquired by a New York-based pension fund advisor. The property was sold by Passco Companies.
Built in two phases in 2014 and 2015, Almeria at Ocotill...
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• Buyer Pays $178/sf for Medical Office Building in Nevada
4/02/21
A 13.2k sf medical office building at 2598 Windmill Pkwy in Henderson, NV sold for $2.35 mil, or $178/sf. The property was sold by Method Art Corporation.
Built in 1998, the single-story building features 19 wet exam rooms, ...
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• Rexford Industrial Realty Buys Five Assets Totaling 382k sf in Feb and March
4/01/21
In the latest activity by Rexford Industrial Realty, the company acquired five industrial properties representing 382.3k sf of improvements for an aggregate purchase price of $68.8 mil. The company also sold one industrial pr...
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• Wood Investments Companies Closes $35 Mil Retail Buy in Idaho
3/31/21
Wood Investments Companies Inc has acquired CentrePoint Marketplace, a 100%-occupied, 197.3k sf community shopping center in the city of Meridian, the second-largest city in Idaho. The purchase price was $35 mil ($177/sf), re...
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• West Freeman Properties Pays Over $200k/Unit for Phoenix Multifamily Property
3/30/21
West Freeman Properties purchased Midtown Flats, a luxurious, 122-unit multifamily property in Phoenix, for $26 mil ($213k/unit). The property, located at 825 W. Osborn Rd, was sold by Midtown Flats Acquisition Company LLC.
...
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• Kyrene School District Leases 28 Acres in Chandler, AZ for Industrial Development
3/30/21
Kyrene School District inked a 77-year ground lease for 28.6 acres in Chandler on which it will develop Converge Logistics Center. The project will consist of three general industrial buildings totaling approximately 512.7k ...
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• Molto Properties Breaks Ground on 115k sf Houston Industrial Facility
3/26/21
Molto Properties has broken ground on West Gulf Bank Distribution Center, a 115.6k sf, Class A distribution building in Houston. The new facility is located at 9700 West Gulf Bank, within Brookhollow West Business Park.
West...
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• New AZ Mixed-Use Project Seeing Considerable Leasing Activity
3/25/21
There’s been a lot of recent tenant activity at The Watermark | Tempe, a new high-end mixed-use project in Tempe, AZ. This includes the completed openings of 10 retail and restaurant tenants, along with three significant offi...
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