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• New 315-Unit Central OC Res Development Completed
9/18/24
Construction of Zia, a five-story, wrap-style apartment development from MBK Rental Living in central Orange County, has been finished and the project is now available for leasing. Offering upscale living with easy access to ...
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• CaliberCos Buys 312k sf Phoenix Office Campus
9/17/24
Scottsdale-based CaliberCos Inc purchased Canyon Corporate Plaza, a 311.7k sf, Class A office campus in Phoenix. The asset was sold by ViaWest Group, who purchased the complex in a joint-venture with New York-based Taconic Ca...
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• UCLA Spends $39 Mil on New Apartment Complex in West Los Angeles for Graduate Student Housing
9/16/24
A 62-unit apartment complex at the border of Los Angeles’ Cheviot Hills/Palms neighborhoods was acquired vacant by the University of California, Los Angeles for $39 mil in an all-cash purchase. The deal works out to $629k/uni...
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• JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
JRK Property Holdings has acquired two Class A multifamily communities in Minneapolis and San Francisco in separate transactions totaling nearly $100 mil. JRK made the purchases through its JRK Platform 5 Fund.
JRK Platform ...
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• Agora Realty and Management Nearing Completion of 42k sf Medical Office Building in North Las Vegas
9/12/24
Construction of a state-of-the-art, 42k sf medical office building at the heart of the now underway NLV Gateway downtown redevelopment is nearing completion. The facility, located at 1941 N. Jefferson St, is being developed b...
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• Vernon Industrial Property Sells for Over $61 Mil
9/11/24
A 7.05-acre industrial redevelopment site in Vernon traded hands in a $61.5 mil transaction. The property, which currently houses a 368.5k sf, five-story building, is located at 1925 and 1936 E. Vernon Ave.
The property is l...
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• Milan Capital Management Acquires San Jose Power Center in $95 Mil Buy
9/11/24
In a significant retail acquisition in Silicon Valley, Milan Capital Management has purchased The Plant, a 367.9k sf regional power center in San Jose, in a transaction valued at $95 mil. Milan made the purchase in a joint ve...
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• Advanced Real Estate Closes $62 Mil Res Buy in Downtown LA
9/11/24
Advanced Real Estate closed on another major multi-family acquisition, paying $62 mil for Canvas LA, a 210-unit ($295k/unit) property that sits along the 110 Fwy in Downtown Los Angeles. The property is located at 138 N. Beau...
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• Upscale Torrance Multifamily Community Acquired by Japanese Investor in $71 Mil Deal
9/10/24
Koto Estates Co LTD, an investor from Japan, recently closed on a 121-unit multifamily acquisition in Los Angeles’ South Bay region. The company purchased The Highlands, located at 25935 Rolling Hills Rd in Torrance, for $71....
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• BH Properties Buys 400k sf, San Diego-Area Mixed-Use Campus
9/09/24
BH Properties acquired Hazard Center, a 405.3k sf, mixed-use campus in San Diego’s Mission Valley area. Terms of the transaction were not disclosed.
Situated on 14.5 acres, Hazard Center currently features a 15-story, 270k ...
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• Community Preservation Partners to Invest $100 Mil on Purchase and Renovation of Historic Pasadena Affordable Seniors Housing Property
9/05/24
Community Preservation Partners (CPP) has purchased Green Hotel Apartments, a 139-unit, affordable senior (62+) apartment complex in downtown Pasadena.CPP plans to restore the property and maintain it as affordable housing.
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• The Bascom Group Picks Up 249-Unit Bakersfield Multifamily Property
9/04/24
The Bascom Group LLC has acquired Old River Place, a 249-unit, single-family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, for $56.6 mil ...
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• San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
In a recent NoCal multifamily trade, an entity affiliated with The Spieker Companies has acquired the San Mateo Hills apartment portfolio, a 200-unit collection of five properties located in San Mateo. The portfolio sold for ...
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• Dallas Chick-fil-A Ground Lease Goes for $3.7 Mil
9/02/24
A Dallas-based private 1031 exchange investor paid $3.735 mil for the ground lease purchase of a newly developed Chick-fil-A property in Dallas. Built in 2023, the 4.7k sf restaurant sits on 1.525 acres at 3502 W. Camp Wisdom...
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• Beverly Hills Retail Trade Comes in at $3,500/sf
8/30/24
One Cole Group closed on a very notable acquisition in Beverly Hills, paying $39.2 mil for the North Beverly Drive Retail Collection, comprised of two buildings totaling 11.1k sf in Beverly Hills. The deal works out to an imp...
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• RCB Equities and Real Estate Development Associates Acquire 56-Acre Retail Redevelopment Opportunity in the San Gabriel Valley
8/30/24
Puente Hills Mall, a 56.41-acre retail mall in the City of Industry, was acquired by a joint venture between RCB Equities and Real Estate Development Associates LLC (“REDA”). The Mall, once a bustling retail hub in the heart ...
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• Washington Res Community Valued at $446k/Unit in $71 Mil Trade
8/29/24
SKY Sammamish, a 159-unit multifamily property in Sammamish, WA, traded hands in a $71 mil ($446k/unit) transaction. Located at 22526 SE 4th St, the property consists of one-, two- and three-bedroom units and two-story townho...
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• Pac West Equities Acquires 267k sf of Industrial Assets in the Bay Area
8/28/24
Two industrial assets in the Bay Area totaling 266.7k sf of space were acquired for $44.5 mil ($167/sf) by Pac West Equities, an affiliate of Buzz Oates. The warehouse properties, located at 75 and 89 South Kelly Rd in Ameri...
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• Community Preservation Partners Teams Up with The Hampstead Companies in 144-Unit El Cajon Affordable Housing Buy
8/28/24
Community Preservation Partners (CPP), in partnership with The Hampstead Companies, has purchased Lexington Green Apartments, a 144-unit affordable housing complex in El Cajon. The venture’s total development investment is $8...
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• AZ Retail Center Trades in $51 Mil Transaction
8/27/24
Casas Adobes Plaza, a 92.3k sf, Whole Foods-anchored shopping center in Tucson, AZ, traded hands for $51 mil, or $553/sf. The asset was sold by First Washington Realty.
Originally built in 1953 and remodeled in 2014, Casas A...
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