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• Black Creek Group Closes 690k sf Silicon Valley Biz Park Buy
9/17/21
Black Creek Group purchased Little Orchard Center, a 690k sf business park in San Jose. The asset consists of four buildings on just under 16 acres of land.
The property was sold by a Harvest Properties entity. Industry sou...
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• The Platform in Santa Barbara Sells for $420/sf
9/17/21
The Platform, a 33.1k sf, multi-tenant office and industrial project in Santa Barbara, traded for $13.9 mil, or $420/sf. The property is located at 126 East Haley St and 417 Santa Barbara St, a few blocks from State St and th...
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• Rexford Industrial Realty Wraps Up $250 Mil in SoCal Industrial Buys
9/17/21
SoCal-based Rexford Industrial Realty has completed four industrial property acquisitions totaling 837.5k sf of improvements, for an aggregate purchase price of $250.5 mil. The purchases were funded using cash on hand and pro...
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• Stos Partners Pays $135/sf for Phoenix Warehouse Property with Cold Storage
9/16/21
Stos Partners recently closed on the purchase of an 82.5k sf industrial warehouse featuring cold storage in the Southwest airport submarket of Phoenix. The property was acquired off market in a joint venture with a high-net-w...
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• Three Assets at AZ Retail Center Traded in Separate Deals Totaling $14 Mil
9/15/21
Three retail assets at Gilbert Crossroads in Phoenix sold to three separate investors in deals with a combined total of $13.9 mil. Located at the busy intersection of Gilbert Road and Warner Road, Gilbert Crossroads is ideall...
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• Integrated Capital Management Launches Fourth Investor Offering
9/13/21
Integrated Capital Management (ICM) has launched Integrated Realty Capital II LP, its fourth investor offering and latest diversified commercial real estate private equity fund. The new fund targets light value-add to opportu...
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• Cumberland Holdings Acquires Multifamily Assets Totaling 136 Units in Portland and Daly City
9/13/21
Cumberland Holdings, out of the Bay Area, recently completed two multifamily property acquisitions located in Portland, OR and Daly City, CA. The purchases were financed with $32.1 mil in combined bridge acquisition money arr...
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• KKR Entity Picks Up 164k sf Industrial Facility in the Denver Area
9/13/21
A newly developed, 164k sf Class A industrial building in Aurora (Denver), CO was acquired by global investment firm KKR through KKR’s Americas opportunistic equity real estate strategy. The asset was constructed in 2020 by ...
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• Pacific Partners Residential Secures $40 Mil in Construction Money for Two Res Developments
9/10/21
Pacific Partners Residential, an Idaho-based multifamily development firm, has obtained $39.65 mil in construction financing for the development of Redpoint Apartments, a 192-unit market-rate multifamily community in Redmond,...
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• Phase 3 Real Estate Partners Buys Sorrento Mesa Office/Flex Asset
9/10/21
Phase 3 Real Estate Partners purchased a vacant, two-story, 40.8k sf office/flex building in Sorrento Mesa. The building, sitting on 2.9 acres of land at 10170 Sorrento Valley Rd, is a good candidate for conversion or ground-...
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• Videoms.com Acquires ASOC LLC to Expand Aerial Inspection Services for Real Estate Construction / Development
9/09/21
Videoms.com has entered into a definitive agreement to acquire Aerial Systems on Command (ASOC LLC). ASOC is a provider of drone services to the construction and commercial real estate industries.
Since 2015, ASOC has compl...
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• Total Office Solutions Leases 329k sf TX HQ Facility
9/09/21
Total Office Solutions LLP signed a long-term lease for 329.4k sf of HQ space at Stadium Logistics Center, located at 2201 Chemsearch Blvd in Irving, TX. The moving and office furniture sales firm, which will be the sole occu...
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• Vegas Apartment Building Trades for $21.75 Mil
9/08/21
Mark I Apartments, a 113-unit apartment property in Las Vegas has a new owner after being sold in a $21.75 mil ($192.5k/unit) transaction. The property, which includes three retail units, is located at 1020 E. Desert Inn Rd. ...
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• Barstow Raising Cane’s Trades at a 4.3% Cap Rate
9/07/21
A Los Angeles-based 1031 exchange investor paid $5.49 mil for the ground lease purchase of a 3.3k sf retail property occupied by Raising Cane’s in Barstow. The asset, located at 2620 Fisher Blvd, traded at a cap rate of 4.3%,...
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• 32-Acre Texas Site Purchased for Development of a Mixed-Use Project
9/07/21
Juliet Five LLC purchased a 32-acre land parcel located at 1635 E Hwy 290 in Dripping Springs, TX, 20 minutes west of downtown Austin. The buyer intends to use the property to develop a mixed-use project incorporating retail,...
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• Cannae Partners and Blue Vista Capital Management Acquire 61k sf R&D/Office Asset in Fremont
9/06/21
Cannae Partners and Blue Vista Capital Management purchased Bayside Technology Park, a 61.5k sf R&D office building in Fremont. The property was sold by Osprey Capital LLC in a $16.55 mil ($269/sf) deal.
The property is loca...
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• Norwalk Multifamily Community Gets New Owner in $81 Mil Transaction
9/03/21
Solterra at Civic Center, a 192-unit, garden-style, value-add multi-housing community in Norwalk, traded hands in a recent transaction valued at $81 mil, or $422k per unit. The property was sold by RedHill Realty Investors, S...
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• TruAmerica Multifamily Buys Two Texas Res Communities Totaling Over 500 Units
8/31/21
TruAmerica Multifamily has doubled its portfolio in Texas with the recent acquisition of two Dallas-area properties, The Heights and Mission Ranch apartments. The assets, acquired in separate transactions, total more than 500...
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• Bloom Energy Agrees to 150k sf Expansion/Renewal Lease in San Jose
8/31/21
Bloom Energy has inked a new lease in San Jose to renew and expand its current 102.8k sf space at 237@First with an additional 47.1k sf. Bloom Energy – which delivers highly reliable and resilient, always-on electric power th...
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• Avanath Capital Management Buys 71-Unit Berkeley Multifamily Property
8/30/21
Avanath Capital Management LLC has acquired Acton Courtyard, a 71-unit, mixed-use affordable housing community with 7k sf of ground-floor retail in Berkeley, CA. The property is located at 1370 University Ave, between San Pab...
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