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November 29, 2023
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• Altus Properties Buys 97k sf Colorado Springs Industrial Building
Altus Properties purchased a 97k sf, Class A industrial manufacturing/distribution building in Colorado Springs, CO. The price was not given out. Located at 10205 Federal Drive, the single-tenant property is 100% leased and ...
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• Work Started on Retail Center in OC’s Little Saigon District
Construction has broken ground on Bolsa Row Terrace, a new 26.2k sf shopping and dining destination in Orange County’s Little Saigon District, home to the nation’s largest Vietnamese-American population. The project is being ...
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• Texas Medical Property Trades for $1,200/sf
A 5k sf, medical property occupied by Total Point Urgent Care in Dallas, TX was purchased for $6 mil ($1,200/sf) by a Florida-based private investor who was in a 1031 exchange. The property, situated on .8 acres at 3443 West ...
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• Seattle Area Self-Storage Facility Gets New Owner
Northlynn Mini-Storage, a 57.7k sf, self-storage property in the Lynnwood area of Seattle, was purchased by GCP SecureSpace Properties LLC. The price was not given out. Located at 15620 Highway 99, the facility contains grou...
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• Trio of Carlsbad Retail Properties Fetch $23.5 Mil
Three retail properties in Carlsbad -- King’s Fish House, P.F. Chang’s and BJ’s Restaurant – sold to separate buyers in deals totaling $23.525 mil. The properties, all located along Paseo Del Norte, were sold by California-ba...
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• Birtcher Development Breaks Ground on 492k sf Inland Empire Distribution Project
Birtcher Development has begun construction on Birtcher Logistics Center Rialto, a 492.4k sf, high-cube logistics facility in the Inland Empire city of Rialto. The project is expected to be ready for occupancy in first quarte...
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• Starpoint Properties Set to Begin Work on 245-Unit Multifamily Project in Mesa, AZ
Starpoint Properties has obtained $52 mil in construction financing for Dobson Station, a 245-unit multi-housing development set to deliver in 2024 in Mesa, AZ. JLL’s Jeff Sause, Wyatt Strahan and Elle Miraglia arranged the f...
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• Fresno Cold Storage Facility Fetches $8.5 Mil
A 52.5k sf cold storage facility in Fresno was purchased for $8.5 mil ($162/sf) by Southwest Traders, a leading supply chain solutions provider headquartered in Temecula. The property was sold by Florida-based industrial inve...
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• TownePlace Suites by Marriott Hotel in Chandler, AZ Trades Hands
Washington-based Trimark X LLC has purchased a 109-key TownePlace Suites by Marriott hotel asset in Chandler, AZ. The property was sold by Peachtree Group. Located at 3635 Chandler Blvd, TownePlace Suites by Marriott feature...
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• Springer, Steinberg, Giacomini, Burstein and Holycross P.C. Signs Lease for Top Floor of Denver Office Building
The law firm of Springer, Steinberg, Giacomini, Burstein and Holycross P.C. recently inked a 10-year lease for the entire 13.4k sf top floor at 1400 South Colorado Blvd in Denver. Formerly occupied by a single-tenant, the fiv...
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• Work Started on Renovation of Downtown San Diego Office Tower
Alaska Permanent Fund Corporation (APFC) has started construction on the $13.4 mil renovation of Five50West, a 20-story, 362.8k sf office building located at 550 West C Street in downtown San Diego. A San Diego landmark and s...
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• Ivy Realty Buys Denver Creative Redevelopment Project
Connecticut-based Ivy Realty has acquired Junction 23, an 86.1k sf, creative redevelopment in the heart of Denver’s River North (RiNo) District, for $26.35 mil ($306/sf). The project was sold by EverWest Real Estate Investors...
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• Tempe, AZ Office Building Gets Traded
A 94.9k sf, freestanding flex office building in Tempe, AZ traded hands in a recent deal. Located at 8160 S Hardy, the building is 69% leased to a single tenant, a financial services company. Marcus Muirhead with Lee & Asso...
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• Burlingame Industrial Site Goes for $14.5 Mil
A 1.58-acre industrial site in the Bay Area city of Burlingame traded for $14.5 mil. The site, located at 890 Mahler Rd and 1550 Gilbreth Rd, is home to eight separate industrial suites in two adjacent buildings. The transac...
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• Eden Housing Buys Res Properties Totaling 116 Units in Concord
Eden Housing, a non-profit organization, purchased two multifamily communities totaling 116 units in Concord, CA for $37.25 mil. The company will convert the properties, Sunset Pines and Coral Court Apartments, from market-ra...
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• Sares Regis Entity Granted Approval for 56-Unit Res Development in Redwood City
Regis Homes Bay Area LLC, a division of Sares Regis Group of Northern California, was granted approval from the Redwood City, City Council for a new residential community featuring 56 townhomes at 505 East Bayshore Road in Re...
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• Two Single-Tenant Retail Investments in Imperial Valley Sell for Almost $6 Mil
Two new construction single-tenant net-leased retail investments were acquired in separate deals with two different buyers as part of a break-up sale strategy at a new retail development in Southern California’s Imperial Vall...
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• Here’s a Quick Update on Two Hotel Financing Deals Worth Over $40 Mil
In recent hotel financing news, Tucson-based Khangura Development has obtained a $19.1 mil bridge loan for the Residence Inn by Marriott Phoenix Mesa East. The loan was provided by Dallas-based HALL Structured Finance. Each ...
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• Stevens-Leinweber Construction Pays $3.8 Mil for Phoenix Office Building
An entity formed by Stevens-Leinweber Construction President Jamie Godwin has purchased a two-story office building within metro Phoenix’s Camelback Corridor area, earmarking the multi-tenant property for a substantial renova...
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• Mission Rock Partners Tops Out 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
The Mission Rock Partners development team, a collaboration of the San Francisco Giants, Tishman Speyer and the Port of San Francisco, recently marked the topping out of Parcel F, a 23-story multifamily residential tower in S...
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