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• Seefried Industrial Properties and Crow Holdings Capital Have Begun Work on 633k sf Distribution Center in Avondale, AZ
10/20/21
Seefried Industrial Properties has teamed up with a real estate fund advised by Crow Holdings Capital to build 101 at Van Buren, a new Class A, regional distribution center in Avondale. The buildings are the second phase of ...
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• Credi Gramercy Pays $13.9 Mil for Vegas Industrial Property
10/20/21
PSi Commerce Center Phase I, a 73.2k sf, two-building flex industrial property in Las Vegas, traded to Credi Gramercy, which will occupy the space as an owner/user. The property, which sold for $13.9 mil ($190/sf), will be us...
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• DocuVault Pays $17.8 Mil for 155k sf Colorado Building
10/19/21
DocuVault purchased West Sixth Commerce Center, a 155k sf building located at 11111 West 6th Ave in Lakewood, CO for $17.8 mil ($115/sf). DocuVault will occupy 52.9k sf of the building and lease the remainder.
West Sixth Com...
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• Opus Development Corp Buys 20 Acres of Colorado Development Land
10/18/21
Opus Development Corporation bought 19.75 acres of vacant land located at 7801 S. Fairplay Street in the Dove Valley submarket of Centennial, CO. The site is planned for the development of two, 150k sf industrial buildings f...
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• Hercules Industries Buys Phoenix Industrial Building
10/15/21
Hercules Industries has acquired a vacant, 140.8k sf industrial building known as Santa Fe 44 in Phoenix for $18.2 mil ($129/sf). Hercules, a national manufacturer and wholesale distributor of HVAC sheet metal products and eq...
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• Hybridge Capital Management and Productive Capital Associates Close on $40 Mil Student Housing Buy in Denver
10/15/21
Hybridge Capital Management, in a venture with Productive Capital Associates, has acquired The Villas, a 120-unit, 360-bed student housing community in Denver, for $40 mil ($333k/unit) in an off-market transaction.
The Villa...
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• Yahee Technologies Agrees to Lease 200k sf Spec Industrial Facility in Ontario
10/15/21
Yahee Technologies, a global e-commerce wholesaler, has agreed to a long-term lease for a 199.5k sf spec industrial development being built by Duke Realty Corporation in Ontario. The facility, situated on 8.7 acres at 1532 So...
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• New $61 Mil Language Arts and Social Science Building Completed at Orange Coast College
10/13/21
A new, 107.8k sf Language Arts and Social Science Building at Orange Coast College (OCC) has been completed. The three-story facility cost $61.5 mil and was built by C.W. Driver Companies.
The facility houses classrooms, off...
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• Comunale Properties and Stevens-Leinweber Construction Start work on AZ Industrial Project
10/13/21
Denver-based Comunale Properties (Comunale) and Stevens-Leinweber Construction (SLC) have broken ground on Chandler Connection, a 201k sf, Class A industrial project within the booming Chandler Airport industrial submarket in...
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• OR Last-Mile Facility Fetches $218/sf
10/12/21
A 129.8k sf, last-mile delivery station in Salem, OR sold for $28.25 mil ($218/sf). The property, located at 5475 Gaffin Rd SE, was a former solar panel plant owned and operated by Panasonic.
The Panasonic operation closed ...
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• Santa Ana Medical Office Building Gets New Owner in $30 Mil Deal
10/12/21
A newly renovated, 53.6k sf medical office building in Santa Ana was purchased by a large SoCal healthcare provider in a $29.9 mil ($558/sf) transaction. The building, sold by Meridian, is located at 3601 W. Sunflower Ave, wi...
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• Rexford Industrial Realty Completes Two SoCal Industrial Property Buys, One Land Purchase and One Property Sale
10/11/21
Rexford Industrial Realty completed two industrial property acquisitions that comprise an aggregate 421.8k sf of space and one 80.2-acre industrial storage site for a total purchase price of $285.6 mil. The company also sold ...
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• Phoenix Flex Building Sale Comps at $147/sf
10/08/21
A 61.3k sf, flex/office/industrial property in Phoenix was acquired by Michael Hsiung, founder and owner of Phoenix Rising Investments LLC, for $9 mil ($147/sf). The property, known as Riverpoint Building 2, is located at 310...
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• MCA Realty Closes on $71 Mil in Industrial Acquisitions
10/08/21
MCA Realty recently completed five industrial acquisitions in deals totaling just over $71 mil. The assets include two in Washington, two in Las Vegas and one in the City of Orange.
The five properties were acquired through ...
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• SPC Acquisition Company Buys 130k sf OR Distribution Building
10/07/21
SPC Acquisition Company LLC paid $28.25 mil for a 129.9k sf ($217.5k/sf), freestanding distribution building on nearly 20 acres with a 10+ acre excess parking facility in Salem, OR. The property is 100% leased to a global For...
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• Global Mutual and Rialto Capital Management Entity Buy AZ Corp HQ Property
10/07/21
A joint venture between real estate investment firm Global Mutual and funds managed by Rialto Capital Management purchased a 153.7k sf corporate HQ property in Scottsdale for $25 mil ($163/sf).
The three buildings sit on rou...
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• SWC Development Partners Buys 28 Acres of Development Land in Surprise, Arizona
10/07/21
South Dakota-based SWC Development Partners purchased 27.9 acres of land in Surprise, AZ for $7.14 mil. The buyer will use the site for development of a multi-phased industrial development of warehouse/distribution, manufact...
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• Elion Partners Buys 72k sf Carlsbad Facility from Rexford Industrial for $18.6 Mil
10/06/21
Newton Corporate Center, a 71.6k sf, multi-tenant, industrial/R&D building in Carlsbad, has sold in a transaction valued at $18.6 mil, or $260/sf. The facility sits on approximately 4.45 acres at 5803 Newton Dr, off Faraday A...
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• TriWest Multifamily Buys 312-Unit Res Community in Albuquerque
10/05/21
TriWest Multifamily has acquired Monterra Apartments, a 312-unit residential community located at 4217 Louisiana Blvd NE in Albuquerque, New Mexico. The property was purchased in an off-market transaction from Vukota Capital...
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• Creative Office Property in Phoenix’s Warehouse District Fetches $274/sf
10/04/21
A CO-based private investor paid $5.76 mil ($274/sf) for a 21k sf creative office property in Phoenix’s Warehouse District. Maricopa County Regional School District signed a long-term, NNN lease for the property in conjunctio...
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