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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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• Boyd Watterson Asset Management Buys 68k sf CO Office Asset
1/15/21
A 67.6k sf, Class A multi-tenant office asset in Colorado Springs, CO traded for $11 mil, or $163/sf. Cleveland-based Boyd Watterson Asset Management acquired the asset from Denver-based Flywheel Capital.
The property, loca...
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• Westport Properties Merges with Vertex Investments
1/14/21
Westport Properties, an OC-based owner/operator of self storage facilities nationally under the brand US Storage Centers, announced that it has merged with Vertex Investments, a Denver-based, privately held real estate invest...
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• MDH Partners Buys 41 Acres in AZ for Spec Development
1/14/21
MDH Partners has purchased 41 acres in Goodyear, AZ, with plans to construct a two-building, speculative industrial project called Gateway 303. The price of the land was not disclosed.
Located at the northwest corner of Loop...
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• Alturas Capital Partners Picks Up Flex/Office Asset in Arizona
1/13/21
Alturas Capital Partners closed on an investment, paying $16.6 mil for Allred Airport Center, a two-building, 94.5k sf ($175/sf) flex-tech/office complex in Chandler. The asset was sold by Douglas Allred Company.
Located at ...
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• MCA Realty Wraps Up $18 Mil WA Biz Park Buy
1/12/21
MCA Realty has acquired Lakewood Business Park, a 136.4k sf multi-tenant industrial asset in Lakewood, WA, within the Puget Sound metro area. The property, located at 10107 South Tacoma Way, sold for $18.2 mil ($133/sf).
La...
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• Cadence Bank Takes 82k sf at Park Towers in Houston
1/07/21
Cadence Bank has signed a long-term lease for 82.2k sf of space at Park Towers, located at 1333 W. Loop S. in Houston’s Uptown submarket. The tenant’s holding company, Cadence Bancorporation, will also be relocating its headq...
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