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• LaSalle Investment Management Buys 536k sf AZ Industrial Property
1/07/25
LaSalle Investment Management acquired Tempe Commerce Park, a five-building industrial complex totaling 536.1k sf of spaced in Tempe, AZ. Although the price was not given out, we hear that the property traded for about $112 m...
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• Legacy Partners and DWS Start Work on Ontario Res Community
1/07/25
Legacy Partners and DWS Group have started construction on a 346-unit residence apartment community in Ontario. Located at 2510 S. Euclid Ave, the new community will consist of eight buildings (three to four stories tall) wit...
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• Blox Ventures Buys Loan Against Emeryville Office Building
1/06/25
San Francisco-based Blox Ventures has acquired the loan secured by the office building at 6001 Shellmound St in the Emeryville Public Market from PNC Bank, positioning the company to become the property’s new owner. The loan ...
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• Historic Colman Building in Downtown Seattle Trades Hands
1/03/25
The Colman Building, an historic 143.9k sf retail/office building in downtown Seattle, has been sold through a receivership process. Constructed more than 125 years ago, the Colman Building is located at 811 1st Ave.
The st...
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• Trojan Storage Secures $70 Mil in Financing on Four California Self-Storage Assets
1/03/25
Trojan Storage has obtained a $70 mil, structured permanent loan to retire existing construction/bridge debt and re-capitalize four recently completed/value-add self-storage facilities. The four properties are currently under...
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• Construction Topped Out on 265-Unit Res Project in Gardena
1/02/25
Cityview and Stockbridge have topped out on Apollo, a 265-unit community in Los Angeles’ South Bay. The eight-story development’s wood framing is now complete, with the project on schedule to complete in 2025.
Apollo is loc...
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• Seattle Area Industrial Portfolio Trades in $64 Mil Deal
12/31/24
A 315.4k sf industrial portfolio in Seattle traded hands in a recent end-of-year transaction. The deal had a price tag of $64.21 mil, which works out to $203/sf.
The portfolio includes two industrial facilities: Kent Valley ...
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• George Oliver and Ascentris Spend Over $42 Mil on Office Property in Old Town Scottsdale
12/31/24
A 165.2k sf office building in Old Town Scottsdale, AZ has traded hands in a $42.25 mil transaction. The property, located at 7272 E. Indian School Rd, was acquired by a venture between George Oliver and Ascentris.
The purc...
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• San Diego Modular Affordable Housing Project Lands $112 Mil in Financing
12/30/24
Impact Housing and Verbena Road Holdings have obtained $112.225 mil in financing for the development of Mission Gorge, a modular, affordable housing multifamily development in San Diego. The financing consists of an $85.225 m...
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• Cityview Buys 112-Unit Res Property in Hollywood
12/27/24
Cityview has acquired Candela, a 112-unit value-add res property nestled in the Hollywood Hills and Franklin Village neighborhood of Los Angeles. The three- and four-story multifamily project features spacious one- and two-be...
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• Bay Area Res Community Trades in $200 Mil Transaction
12/26/24
In an institutional-level, end-of-year NoCal multifamily trade, Interstate Equities Corporation acquired Summerwood Apartments, a 468-unit multifamily property in Santa Clara, in a transaction valued at $203.15 mil, or $434k/...
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• Envision / Faring Venture Pays $90 Mil for Beverly Hills Office Building
12/24/24
A 133k sf office building in Beverly Hills traded hands in a $90 mil transaction that works out to $675/sf. The property, located at 9242 Beverly Blvd, at the intersection of Beverly and Santa Monica Blvds, was acquired by a ...
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• Oregon Multifamily Community Traded for Over $29 Mil
12/24/24
Barclay Village, a 146-unit, garden-style multifamily community in Oregon City, OR, traded hands in a $29.2 mil ($200k/unit) deal. The property, located at 775 Cascade St, was built in 1987 and has been undergoing extensive r...
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• TA Realty Buys 193k sf Inland Empire Industrial Facility
12/24/24
Slover & Elm Commerce Center, a 192.8k sf industrial facility in Fontana, was acquired by TA Realty. Built in 2022, the Class A building is located at 15521 Slover Ave, east of I-15 on the south side of I-10.
The building is...
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• Two Alameda County Multifamily Trades Total $34 Mil
12/23/24
We’ve got news of two multifamily community sales in NoCal’s Alameda County for a combined price tag of $34 mil. The properties that traded are Vista Del Sol in Pleasanton and Islander Apartments in Alameda.
In the larger d...
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• Rockefeller Group Starts Work on 418k sf AZ Distribution Center
12/20/24
Rockefeller Group has completed construction of a 418.4k sf distribution center on 24 acres in Surprise, AZ, part of the Southwest Valley industrial submarket. Surprise Pointe Commerce Center can accommodate one to four tena...
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• Recently Completed AZ Res Community Gets New Owner
12/19/24
Smith & Rio, a 310-unit luxury multifamily community located in Tempe, AZ, traded hands. The project, located at 1979 E. Rio Salado Pkwy, was built and sold by a partnership between PGIM Real Estate and High Street Residentia...
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• STAG Industrial Buys New 173k sf Industrial Facility in Salt Lake City
12/19/24
STAG Industrial Inc has acquired 5 South Commerce Center, a newly built, 172.8k sf Class A warehouse in Salt Lake City. The price was not disclosed. AZ-based ViaWest Group was the seller.
The warehouse development is situate...
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• Denver Manufactured Home Community Trades for $62 Mil
12/18/24
Denver Cascade, a 382-space manufactured home community in Denver, sold for $62 mil ($162.3k/space), making it the highest-price manufactured housing community (MHC) sale in Colorado’s history and the largest non-coastal MHC ...
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• SENTRE Spends $49 Mil on AZ Industrial Asset
12/18/24
A 322k sf, freestanding industrial asset in Tolleson, AZ was acquired for $48.83 mil ($152/sf) by San Diego-based SENTRE. Located at 7980-7990 West Buckeye Road, the single-tenant facility is fully leased on a long-term basis...
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