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June 25, 2024
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• First Link Apartments℠ in CA Has Started Leasing in Oakland
5/27/24
Link Apartments℠ Four12, a 157-unit res development in Oakland’s Jack London Square, has been completed and is now available for leasing. Located at 412 Madison St, the project is a development of Swenson, in partnershi...
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• Monterey Park Res Development Secures $15.5 Mil in C-PACE Financing
5/24/24
Whitmore Villa, a $52 mil multi-family housing development in the San Gabriel Valley city of Monterey Park, has received $15.5 mil in C-PACE financing. The project is being developed by Chateau Group on behalf of project spon...
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• Tempe Res Development Finishes Construction
5/23/24
Vero, a 199-unit, seven-story multifamily development in Tempe, AZ, has been completed. The project, located at 651 E. 6th St. in Tempe’s Novus Innovation Corridor, was developed by Transwestern Development Company (TDC®) and...
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• Community Preservation Partners Acquires 102-unit San Jose Senior Housing Project
5/22/24
CPP (Community Preservation Partners) has acquired Corinthian House, a 102-unit senior housing project in southwest San Jose, with plans to renovate the property. This is the fourth community in the Bay Area for CPP, jo...
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• Denver Golf Club Acquired by NY-Based LCP Group
5/21/24
Green Valley Ranch Golf Club, a high-end, daily fee facility situated in northeast Denver, has traded hands. The buyer was LCP Group, a White Plains, NY-based real estate investment manager and advisor. Built in 2001, Green ...
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• Santa Monica Office Project Completed
5/20/24
Work has finished on 1650 Euclid Street, a three-story, 65k sf office complex in Santa Monica. The mixed-use project was designed by House & Robertson Architects for owners Redcar Properties. The general contractor was C.W. D...
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• Flexible Gilroy Building Sells for $13.8 Mil
5/17/24
A 125.6k sf commercial building on 13.7 acres in the Silicon Valley city of Gilroy traded hands in a $13.8 mil ($110/sf) transaction. Located at 7900 Arroyo Circle, with extensive freeway frontage along Hwy 101, the propert...
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• Just Completed Res Development Brings 195 Units to South San Francisco
5/17/24
Sares Regis Group of Northern California (SRGNC) has completed construction on Celeste, a 195-unit residential development in downtown South San Francisco, adjacent to the city’s Caltrain station. The project was designed by ...
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• GMD Development and WNC & Associates to Build 182-Unit Affordable Housing Project in Seattle
5/16/24
GMD Development and WNC & Associates are set to begin construction on Victory Northgate, a new six-story affordable housing development in north Seattle. Victory Northgate is scheduled for completion in April 2026. The de...
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• Stockbridge Buys 540k sf Inland Empire Industrial Portfolio for $142 Mil
5/16/24
San Francisco-based Stockbridge acquired a two-building, 540.5k sf industrial portfolio in the Inland Empire West in a $142.25 mil ($263/sf) transaction. The portfolio consists of two freestanding Class A buildings located a ...
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• Rockefeller Group Starts Work on Two Build-to-Rent Communities in Phoenix
5/15/24
Rockefeller Group has broken ground on Corsica Villas, two build-to-rent (BTR) communities totaling 152 townhomes in South Phoenix, the company’s first BTR communities in Arizona. Rockefeller Group has selected Mosaic, the na...
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• DTLA’s Gas Company Tower Listed for Sale
5/15/24
The Gas Company Tower, a 52-story, LEED-Gold-certified office tower totalling 1.373 msf of office space in downtown Los Angeles has been put on the market. The property was formally owned by an affiliate of Brookfield Asset M...
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• Newly Constructed AZ Logistics Center Sold in Two Deals Totaling $118.6 Mil
5/14/24
Tucson Commerce Center, a collection of three brand new Class A industrial/logistics buildings totaling 806.6k sf on approximately 47.5 acres in Tucson, AZ, traded hands in two deals with separate buyers totaling $118.65 mil ...
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• Bell Partners Completes $146 Mil Res Buy in the Inland Empire
5/14/24
Bell Partners has acquired Silverado Apartment Homes, a 492-unit apartment community located in Murrieta, CA, in a $146.5 mil ($298k/unit) transaction. The community, which was acquired on behalf of the company’s Value Add Fu...
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• Colorado Medical Office Building Gets New Owner
5/13/24
A Chicago-based institutional fund purchased Orchard Park Medical Center, a two-story, 75.6k sf medical office building in Westminster, CO, a suburb of Denver. The price was not disclosed. Located at 14190 Orchard Pkwy, on t...
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• Millburn & Company Pays $243k/Unit for Newly Constructed AZ Res Community
5/10/24
Millburn & Company purchased Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, AZ, in a recent $62.75 mil ($243k/unit) transaction. The property was sold by Evergreen Devco Inc. Completed in 2023, the gard...
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• WNC & Associates Closes $300 Mil Equity Fund
5/10/24
WNC & Associates has closed WNC Institutional Tax Credit Fund 56, L.P. (Fund 56) which includes 24 multi-family properties across 16 states. Fund 56, a $302 mil equity fund that closed in April 2024, is WNC’s largest multi-in...
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• JPI Picks Up Site at Mosaic Redevelopment Project in Downtown Long Beach
5/09/24
JPI acquired a 1.58-acre portion of the Mosaic redevelopment site in downtown Long Beach. The parcel, bound by Long Beach Blvd, 4th St, The Promenade North, and 5th St, is entitled for 272 units of Class A luxury for-rent apa...
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• Vertical Ventures Buys 137k sf, Class A Office Asset in Scottsdale, AZ
5/08/24
Vertical Ventures has acquired Northsight Corporate Center, a 136.7k sf, Class A single-tenant office building in Scottsdale, AZ. The freestanding three-story property is 100% leased to one of the world's largest investment m...
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• Colliers and Hilco Awarded Marketing and Disposition of Oceanwide Plaza
5/08/24
The listing assignment for Oceanwide Plaza, one of Downtown Los Angeles' largest and most ambitious development projects, has been awarded to a team of Colliers and Hilco. The unfinished mixed-use residential, hotel and retai...
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