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• Howard Schwimmer to Be Inducted into NAIOP SoCal’s Hall of Fame
2/05/24
Rexford Industrial Co-CEO and Director, Howard Schwimmer will be inducted into NAIOP SoCal’s Hall of Fame as part of its 2024 Industry Awards Gala. Now in its third year, the NAIOP SoCal Awards Gala recognizes excellence acro...
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• Bela Flor Communities Obtains Construction Loan of $35 Mil for AZ Res Development
2/02/24
Arizona-based Bela Flor Communities has secured a construction loan of $35.25 mil for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, AZ. The property is currently under construction and is expected to open ...
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• Dalfen Industrial Pays $194/sf for Washington Industrial Asset
1/31/24
Dalfen Industrial has purchased a 26.9k sf industrial property in Auburn, WA for $5.225 mil ($194/sf). It was sold by a private investor.
The property, covering 2.15 acres of land at 214 21st Street SE, offers a unique blend...
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• Goldenrod Companies and Reserve Capital Partners Buy 300k sf Office Asset in Texas
1/31/24
Goldenrod Companies and Reserve Capital Partners acquired Collins Crossings, a 300.9k sf office building located along North Central Expressway in Richardson, TX. The price was not disclosed.
Collins Crossing is an 11-story,...
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• LA Investor Spends $9.5 Mil on Retail Center in North Las Vegas
1/31/24
A Los Angeles-based private investor paid $9.5 mil for Deer Springs Shoppes, a 28.2k sf ($337/sf) retail center in North Las Vegas. The three-building property, located at 640 and 680 E. Deer Springs, and 675 Dorrell Lane, is...
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• Phase One of New 200k sf CO Industrial Project is Fully Leased
1/30/24
Phase I of Elevation25, a two-building, 203.7k sf Class A industrial development situated on 12 acres in Mead, CO, is fully leased. Leanin’ Tree, an independent greeting card company, signed a 10-year, full-building lease tot...
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• BKM Capital Partners Buys 123k sf Denver Industrial Building
1/30/24
BKM Capital Partners has acquired West 6th Center, a 122.8k sf small-bay industrial building in Denver, for $10.75 mil ($87.50/sf). The facility is fully occupied by three companies.
BKM will invest $7 mil into a value-add r...
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• BH Properties Buys 153k sf TX Office Asset
1/26/24
BH Properties acquired Parkway Centre IV, a 153.2k sf office building located along the Dallas North Tollway in Plano, TX. Purchased from an investment entity of Goldman Sachs, the property boosts the Los Angeles-based invest...
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• Newmark Lands Leasing Assignment for 1.2 msf Plaza of the Americas Complex in Dallas
1/25/24
Newmark was awarded the leasing assignment for Plaza of the Americas, a 1.2 msf, mixed-use complex in Dallas. The asset is owned by a joint venture between Glen Park Capital and Shelbourne, a New York-based commercial real es...
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• Texas Medical Office Property Sells for $930/sf
1/24/24
A 1031 exchange private investor from Texas paid $7.44 mil for an 8k sf ($930/sf) medical office property in Watauga, TX, a suburb of Dallas-Fort Worth. The property sits on just over one acre at 7748 Denton Hwy.
The propert...
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• Historic Adaptive Reuse Property in L.A.’s Arts District Listed for Sale
1/24/24
Here’s news of a notable foreclosure sale in the heart of Los Angeles’s Arts District. The property is AtTraction, a 58.1k sf, historic adaptive reuse asset consisting of two buildings at 800-810 Traction Ave.
The property i...
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• CapRock Partners Reaches Development Milestone for First Phase of 2.7 msf Visalia Industrial Complex
1/23/24
In a SoCal industrial development update, CapRock Partners has completed the tilting of the concrete walls of Building 1 at CapRock Central Point III in Visalia. The structure is the first phase of a 2.7 msf, four-building sp...
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• Basis Industrial Buys 161k sf TX Industrial Park
1/22/24
Basis Industrial purchased Blue Smoke Portfolio, a 161.4k sf, shallow-bay infill industrial park with 1.5 additional acres of land in Fort Worth, TX. The price was not given out.
The portfolio includes eight multi-tenant bui...
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• Macy’s Leases New NoCal Distribution Facility
1/22/24
Macy’s has inked a long-term lease for a new 272k sf, logistics/distribution facility in Lathrop, CA. The structure is located at 3400 W Yosemite at the Phelan Lathrop Gateway industrial park, roughly 10 miles south of Stockt...
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• Capstone Advisors Spends $28 Mil on Two AZ Acquisitions
1/19/24
Capstone Advisors recently closed on two acquisitions in deals totaling $28 mil. One of the properties is an urban core retail and entertainment property in Tempe while the other is a flex industrial building in Phoenix.
Th...
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• UDLR Healthcare Buys AZ Medical Property in $13.5 Mil
1/18/24
UDLR Healthcare purchased Thunderbird Medical Pavilion, a 92.8k sf, mission-critical, on-campus medical property in Glendale, AZ, for $13.5 mil ($145/sf). The property, located at 5757 Thunderbird Rd, was sold by Banner Healt...
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• CA Investment Entity Buys TX Office Building
1/17/24
A CA-based family-owned investment entity bought Parkway Centre IV, a 153.2k sf office building located along the Dallas North Tollway in Plano, TX. The price was not disclosed.
Located at 2701 Dallas Pkwy, the property is s...
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• AZ Medical/Office Building Trades in $9.3 Mil Deal
1/16/24
Woodside, a Texas-based investment firm, paid $9.325 mil for Talavi Corporate Center, a 153.3k sf ($61/sf), three-story office and medical office property in Glendale, AZ, in an all-cash purchase. The property was sold by Reg...
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• RJ Schinner Leases 60k sf of Space in Aurora, CO
1/12/24
RJ Schinner, a wholesale distributor of foodservice, paper and janitorial supplies based in Wisconsin, inked a lease for 60.3k sf of space at Clarion Gateway 27 in Aurora, CO. Located at 19080 E. 38th Ave. in Aurora, the buil...
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• KT Development Buys Three-Acre CO Site for Hotel Development
1/11/24
KT Development acquired a three-acre land site in Centennial, CO (Arapahoe County) for the development of a 122-room WoodSpring Suites Hotel. The land was purchased for $1.2 mil and construction for the project is anticipated...
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