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• Related Group to Start Work on 420-Unit Res Project in Chandler, AZ
11/11/21
Related Group has announced plans for a 420-unit residential development in Chandler, AZ. The garden-style community, called Town Chandler, is being built by McShane Construction Company.
Positioned on an 18-acre site, Town ...
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• Bay Area Multifamily Property Goes for $658k per Unit
11/11/21
Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.
Originally constructed in 1963, Farm Hill Ma...
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• Physicians Group Spends $6 Mil on Torrance Medical Office Building
11/10/21
Torrance Medical Plaza, a multi-tenant, 24k sf medical office building in Torrance, sold for $6.1 mil ($254/sf). Built in 1981, the four-story property is situated on an approximately one-acre parcel at 19000 Hawthorne Blvd, ...
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• DHIJ Management Acquires OR Apartment Property in $44 Mil Deal
11/09/21
DHIJ Management acquired Misty Ridge, a 103-unit, garden-style multi-housing community in Happy Valley, OR, in the Portland MSA, for $44 mil ($427.2k/unit).
Misty Ridge comprises one-, two- and three-bedroom units averaging...
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• Rubicon Point Partners Buys 77k sf Medical Office Building Adjacent to University of California San Francisco Campus
11/09/21
In a San Francisco medical office buy, Rubicon Point Partners purchased 350 Parnassus, a 77k sf building just a block from Golden Gate Park. The firm financed the deal with a $53.7 mil first mortgage loan provided by Mesa Wes...
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• Agilysys Inc Agrees to Lease for 36k sf at Still-to-Be-Built Office Project in Las Vegas
11/08/21
Agilysys Inc, a publicly traded software development firm headquartered in Atlanta, inked a lease for 36k sf of space at a yet-to-be-built office building in Las Vegas called Narrative. The 10-year deal has a total value of $...
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• Carmel Partners Buys 101-Unit Res Property in San Jose
11/08/21
A Carmel Partners affiliate purchased One38 Apartments, a 101-unit apartment community adjacent to the San Jose Convention Center. Built in 2019, the property sits on 1.5 acres at 138 Balbach St in the city’s downtown. The ac...
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• Kennedy Wilson Buys 220-Unit Multifamily Community in Reno for $66 Mil
11/08/21
Kennedy Wilson has acquired Northtowne Summit, a 220-unit apartment community in Reno, NV, for $66 mil ($300k/unit) in an off-market transaction. The purchase was made through Kennedy Wilson Fund VI, a commingled fund the fir...
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• Affordable Housing Project in Chula Vista Breaks Ground
11/05/21
A venture led by Chelsea Investment Corporation and Meridian Development just broke ground on Columba, a 200-unit affordable housing project in Chula Vista. Located on just over three acres at the northeast corner of Optima S...
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• Draftsmen & Craftsmen
11/05/21
H. Hendy Associates has completed construction on a new global headquarters and production workspace design for Rocket Lab, a space systems company, in Long Beach. Rocket Lab fully occupies a 90.7k sf building owned by Sares ...
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• Stream Realty Partners and QuadReal Property Group Break Ground on 344k sf Simi Valley Industrial Project
11/04/21
Stream Realty Partners and joint-venture partner QuadReal Property Group have broken ground on Tapo Canyon Commerce Center, a five-building, 344k sf Class A industrial complex located at 1800 Tapo Canyon Dr in Simi Valley.
“...
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• Phoenix Res Community Goes for $41.6 Mil Transaction
11/02/21
Westover Parc Apartments, a 160-unit apartment community in Phoenix, was purchased for $41.6 mil ($260k/unit) by an East Coast-based buyer. Westover Parc Apartments is located at 6515 W. McDowell Rd, west of Hwy 202 and just ...
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• EverWest Advisors Buys Recently Completed 113k sf Industrial Facility in Chandler, AZ
11/02/21
A new, 113.1k sf freestanding industrial distribution building on approximately 8.7 acres in Chandler, AZ traded hands in a $20 mil ($177/sf) deal. The recently completed, Class A facility was purchased by Denver-headquartere...
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• SPI Hospitality Buys Washington Hotel Portfolio for $88 Mil
11/02/21
A five-property, 596-room, extended-stay hotel portfolio in the state of Washington was acquired by SPI Hospitality LLC, out of Dallas, for $88 mil ($147.7k/room). The five Woodspring Suites properties are in Redmond, Tukwil...
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• New Hollywood Lifestyle Hotel Slated to Open in December
11/01/21
tommie Hollywood, a lifestyle hotel located at 6516 Selma Ave, in the heart of Hollywood near Sunset Blvd, is slated to open in early December. The property, which will join the JdV by Hyatt brand, is expected to appeal to th...
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• Scottsdale Industrial Property Ends Up At The Car Wash
10/29/21
A 27.8k sf industrial property in Scottsdale sold to At The Car Wash, an investor, for $5 mil, or $180/sf. The multi-tenant asset, located at 7645 East Evans Rd, was near fully leased at the time of sale.
Built in 1984, the...
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• PCCP LLC and Panattoni Development Company Building 186k sf Industrial Project in Sacramento
10/28/21
A joint venture of PCCP LLC and Panattoni Development Company Inc will develop Natomas Advanced Logistics Center, a two-building industrial project totaling 186k sf located at Duckhorn Dr and Arena Blvd in Sacramento. The pro...
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• Glencrest Group Spends Over $23 Mil on 112 Res Units in the Vancouver Area of Washington
10/28/21
Glencrest Group acquired two value-add, garden-style multi-housing communities totaling 112 units in the Vancouver suburb of Battle Ground, WA. The assets were sold by a private investor for $23.15 mil, or $206.7k/unit.
The...
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• ZMR Capital Pays $90 Mil for AZ Multifamily Property
10/27/21
ZMR Capital purchased The Julia, a 320-unit multifamily community in the Phoenix submarket of Mesa, for $90.15 mil, or $281.7k/unit. Located at 546 South Country Club Rd, the property has been under institutional ownership si...
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• Brixton Capital Purchases 312-Unit Multifamily Community in Texas
10/27/21
Brixton Capital has acquired Mason Park, a 312-unit multifamily property in the growing area of Katy, TX, in the Greater Houston area. The asset was sold by Hilltop Residential.
Built in 2008, the apartment complex sits on ...
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