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• Bay Area Warehouse Trades in $35 Mil Transaction
8/16/24
In a quick brief on a Bay Area industrial trade, TPM Davis LLC acquired a Hayward warehouse asset in a $35 mil deal. The 132k sf ($265/sf) property includes 1.4k sf of office space.
The property sits on roughly five acres at...
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• Unique Mixed-Use Property in Desirable San Francisco Neighborhood Hits the Market
8/16/24
We’ve learned of an interesting investment opportunity that’s come up in San Francisco’s Duboce Triangle neighborhood. The listing is for a 19k sf, architecturally unique mixed-use building originally built in 1919.
Currentl...
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• New Creative Office Development in Culver City Lands $21 Mil in Take-Out Money
8/15/24
A new construction, two-building creative office complex in Culver City has been refinanced with a $21.4 mil take-out loan. The 35k sf, Class A project, located at 3520-3524 and 3512-3516 Schaefer St, south of Washington Blvd...
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• Lucky’s Market in Fort Collins, CO Goes for $7.3 Mil
8/14/24
A single-tenant, retail asset that is fully leased on a long-term basis to a Lucky’s Market in downtown Fort Collins, CO, sold for $7.3 mil. The 26.6k sf ($274/sf), freestanding property was originally built in 1966, but has ...
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• Reliable Properties Buys Barnsdall Square Retail Center in L.A.’s Los Feliz Area
8/13/24
Reliable Properties has purchased Barnsdall Square, a highly sought-after, 92k sf grocery/drug-anchored retail center in L.A.’s Los Feliz neighborhood. The transaction includes the acquisition of the 2.86-acre parcel at 1625 ...
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• Regional Center in Great Falls, Montana Gets New Owner
8/13/24
Westwood Plaza, a 69.9k sf, 100%-occupied regional shopping center in Great Falls, MT, was purchased by an East Coast-based private investment firm. The price was not given out.
Built in 2017, Westwood Plaza is located at 13...
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• BMC Investments Closes on 351-Unit Colorado Res Buy
8/12/24
BMC Investments purchased Advenir Del Arte Apartments, a 351-unit apartment community in Aurora, CO. Located at 151 S. Joliet Circle, Advenir Del Arte Apartments is a 17-building, garden-style apartment community built in 198...
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• New $54 Mil School Campus Completed in Riverside County
8/12/24
The Menifee Union School District’s newest campus, the Sally Buselt Elementary School, is now open for business. The all new $54.5 mil K-5 elementary school will serve up to 600 students residing in Riverside County. The proj...
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• Menlo Equities Picks Up Unique Mixed-Use Asset in Portland’s Pearl District
8/09/24
In a notable sale in Portland’s Pearl District, Menlo Equities purchased Block 1 of the Brewery Blocks, a boutique, mixed-use asset located at 1225 West Burnside St totaling 134.1k sf of space. The property, which consists of...
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• Seefried Industrial Properties and MDH Partners Acquire AZ Site for 60k sf Industrial Project
8/08/24
Seefried Industrial Properties and MDH Partners have teamed up in the purchase of a 5.1-acre site in Gilbert, AZ, with plans to develop Fiesta Tech Center, a 59.7k sf, state-of-the-art industrial facility. Construction is sch...
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• Alicia Bramble, James Daughrity and Odest Riley Jr. Launch CRE Firm Focusing on Local Communities in Need
8/07/24
SoCal Premier Property Management, a newly formed, 100% minority-owned commercial real estate firm, offers full services and protection to property owners and tenants across Southern California. The new firm was founded by an...
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• US Foods Leases 2.66-Acre Area at San Antonio Industrial Storage Property
8/06/24
US Foods has leased a 2.66-acre area at Riggy’s Foster Ridge, a newly developed 10-acre industrial outdoor storage (IOS) facility in San Antonio, TX. US Foods will use the facility, located at 6600 Lancer Blvd, for truck park...
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• Inland Empire EoS Fitness Property Goes for $350/sf
8/02/24
A SoCal investor in a 1031 exchange paid $13.3 mil for a newly developed EoS Fitness property in French Valley, a city within the greater Temecula market in south Riverside County. The 38k sf ($350/sf) building is situated on...
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• Tower 16 Capital Partners and Raith Capital Partners Buy 216-Unit Multifamily Property in Arizona
8/01/24
San Diego-based Tower 16 Capital Partners and Raith Capital Partners have acquired Ascend on Glendale, a 216-unit multifamily property located near the rapidly-growing Westgate Entertainment District of Glendale, AZ. The pric...
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• Comunidad Partners Buys 358-Unit Texas Res Community
8/01/24
Comunidad Partners has acquired Toscana Apartment Homes, a 358-unit multifamily community in northwest Austin, TX. The price was not disclosed.
Built in 2001, Toscana is located at 13355 US Highway 183. The community offers ...
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• Nadia Geller Designs Wraps Up Interior/Exterior Design Installation at 123-Unit Res Development in L.A.
7/31/24
The interior and exterior design installation at The Parker, a seven-story multifamily development by Cityview in L.A.’s Pico-Robertson neighborhood, has been completed. The work was done by Nadia Geller Designs (NGD).
Loc...
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• Bolour Associates Acquires Retail Site on Fairfax Ave in L.A.’s Mid-Wilshire Area
7/30/24
Bolour Associates Inc has acquired a site with three retail buildings totaling 11.5k sf of space in L.A.’s Mid-city submarket for $6.04 mil. Bolour plans to repurpose the buildings for commercial uses, while long-term, BOLOUR...
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• Kimley-Horn Inks Lease for 35k sf of Office Space at New AZ Development
7/29/24
Kimley-Horn, a leading planning and design consultants, inked a long-term lease for 34.8k sf of space at Union Building One in Mesa, AZ. Building One is the first building completed within the 1.35 msf, Class A Union office p...
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• Phoenix Multifamily Property Trades for Just Under $200k/Unit
7/26/24
KDF Communities paid $12.6 mil for Corona Del Sol, a 64-unit ($197k/unit), garden-style apartment complex in Phoenix. The asset was sold by a private high-net worth seller.
Located at 27 E Corona Ave, Corona Del Sol benefits...
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• Iconic Building in Downtown Seattle Goes for $549/sf
7/23/24
Promethia Holdings LLC purchased the historic Coliseum Building, a 16.2k sf building in downtown Seattle, for $8.9 mil ($549/sf). The property is located at 1506 5th Ave, adjacent to Nordstrom’s flagship store and just one bl...
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