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• SB Real Estate Partners Picks Up 114-Unit AZ Multifamily Property
2/01/22
SB Real Estate Partners (“SBREP”) has acquired Bloom 24, a 114-unit garden style multifamily community in Phoenix, AZ for $34.2 mil, or $300k per unit.
Built in 1973 and located at 2323 East Flower St, the property will be ...
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• Chinese Hospital in San Francisco Lands $103 Mil in Commercial Property Assessed Clean Energy Funding
1/31/22
GreenRock Capital LLC (GreenRock) successfully led $103 mil in Commercial Property Assessed Clean Energy (C-PACE) funding for Chinese Hospital, located at 845 Jackson St in San Francisco. We’re told this is the largest singl...
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• Tru Development Locks Up New Financing of $246 Mil on Two Nevada Res Properties
1/28/22
Tru Development has obtained $246 mil in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. They were advised in the transaction by Lucent Capital.
KaktusLif...
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• Cypress Equity Investments Completes Construction of 186-Unit Tacoma Res Community
1/27/22
Cypress Equity Investments (CEI) has completed construction of Hailey, a 186-unit apartment community in the heart of Tacoma. Located at 1210 Tacoma Avenue S at 13th St, Hailey offers a mix of studio, one-bedroom and two-bedr...
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• Davlyn Investments Buys 312-Unit Res Property in North Las Vegas
1/26/22
Davlyn Investments recently acquired Sonata, a 312-unit, Class A, multi-family community in North Las Vegas, in a $77 mil transaction that works out to $247k/unit. Built in 2009, the property is located at 4201 E Craig Rd, ju...
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• Colorado Self-Storage Facility Purchased by Gelt Inc
1/25/22
Gelt Inc purchased a 703-unit self-storage facility in Littleton, CO. The property is located at 5891 S. Youngfield Ct.
Built in two phases in 2013 and 2016 and situated on 4.02 acres, the six-building, Class A property feat...
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• Rubicon Point Partners Acquires Ownership of Iconic Rotunda Building in Downtown Oakland
1/25/22
Rubicon Point Partners, a woman- and minority-owned real estate company specializing in transformative investments, has acquired a majority interest in the iconic Rotunda Building in downtown Oakland. It was sold by Rotunda P...
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• MIG Real Estate LLC Picks Up Two Hotels in Old Town San Diego
1/24/22
MIG Real Estate LLC has purchased two hotels totaling 299 rooms in Old Town San Diego. The acquisitions include the Courtyard San Diego Old Town, at 2435 Jefferson St, and the Fairfield Inn & Suites San Diego Old Town, at 39...
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• Trammell Crow Company and CBRE Investment Management Start Work on NoCal Distribution Project
1/24/22
Trammell Crow Company and joint venture partner CBRE Investment Management have broken ground on Tracy 205 Logistics Center, a 606.3k sf, state-of-the-art logistics facility in Tracy, CA. The spec, cross-dock industrial build...
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• BH Properties Buys Vacant TX Office Building
1/21/22
BH Properties has acquired Mason Creek II, a vacant, three-story office building in the Houston submarket of Katy, TX. The 128k sf building, located at 21700 Merchants Way, represents the second phase of a two-building office...
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• Phoenix Office Property Traded in $16.65 Mil Deal
1/20/22
Promenade at South Mountain, a 110.1k sf, multi-tenant office building in Phoenix, traded hands in a $16.6 mil ($150/sf) transaction. The buyer was MCS South Mountain LLC, an entity formed by M.C. Strauss Company in Solana Be...
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• Seven-Property California Portfolio Refinanced with $223 Mil in Permanent Loans
1/20/22
A seven-property California real estate portfolio owned by a private investor was just refinanced with seven new permanent loans totaling $223 mil arranged by George Mitsanas of Gantry. The portfolio is comprised of three mul...
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• Creative Artists Agency Inks Long-Term HQ Lease at New Tower in Century City
1/20/22
Creative Artists Agency (CAA) has signed a long-term, anchor-tenant lease agreement to relocate its headquarters to a new Century City office tower in 2026. The 37-story high-rise, Century City Center, is a development of JMB...
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• Contour Real Estate Picks Up 77 Acres in Buckeye, AZ for $14.5 Mil
1/19/22
A Contour Real Estate entity has acquired a 77-acre industrial development site in Buckeye, AZ in a recent $14.5 mil transaction. The property, located at the southeast corner of Apache Rd and Southern Ave Rd, adjacent to the...
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• Newmark’s Greg May Named President of NAIOP SoCal’s 2022 Executive Committee and Board of Directors
1/19/22
The Southern California chapter of NAIOP has named its 2022 Executive Committee and Board of Directors, comprised from the leaders of many of the most highly-regarded commercial real estate firms in Los Angeles and Orange cou...
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• MicroPort Scientific America Spends $40 Mil on Irvine HQ Property
1/19/22
MicroPort Scientific America Inc paid $40.23 mil for 16800 and 16802 Aston Street, two flex office/R&D buildings totaling 115.4k sf ($349/sf) and located in the Airport Area submarket of Irvine.
16802 Aston Street is a 65.1...
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• Rexford Industrial Realty Pays $75 Mil for Torrance Industrial Facility
1/18/22
Rexford Industrial Realty Inc paid $75.3 mil for a 307.5k sf, fully leased, multi-tenant industrial property in Torrance. The property, located at 4240 W.190th St, was sold by ZKS Real Estate Partners LLC.
The building sits ...
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• Oregon Apartment Community Trades to FPA Multifamily in $47 Mil Deal
1/18/22
Summit at Hyland Park, a 137-unit, value-add, garden-style multi-housing community located in Beaverton, OR, sold for $47 mil, or $343k/unit. FPA Multifamily acquired the asset from DB Capital Management.
Built in 1985, reno...
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• Schnitzer Properties Spends $33.5 Mil on AZ Biz Park
1/17/22
Metro Business Park, a 188.8k sf light industrial business park in Phoenix, was acquired by Portland-based Schnitzer Properties, formerly known as Harsch Investment Properties, for $33.5 mil ($177/sf). The park consists of fi...
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• Opus Development Picks Up 18 Acres in Tempe for Last Mile Project
1/14/22
Opus Development Company LLC paid $9.3 mil for an 18-acre prime development site on West Warner in Tempe, AZ. Opus plans to construct a two-building, 197k sf spec industrial property on the land, considered to be a strong las...
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