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• Commercial Real Estate Financing Briefs
12/05/23
CAPITAL MARKETS - Jordan Angel, Mike Huth and Ethan Habecker with JLL Capital Markets arranged $22.5 mil acquisition financing for The Hampton Inn & Suites in Truckee, CA on behalf of JMA Ventures LLC. The property features ...
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• OCC Industrial and Garvey Ventures to Develop 31-Acre Industrial Project in Arvada, CO
12/05/23
OCC Industrial (OCC), a joint venture with Garvey Ventures, has acquired 31.64 acres in Arvada, CO. The property, situated along Hwy 93 and Hwy 72 in Candelas, will be developed into an industrial park to be called Candelas I...
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• Santa Ana Office Tower Trades
12/04/23
3 Hutton Centre Drive, a 10-story, 200.4k sf office building in Santa Ana, was acquired by an all-cash, high-net-worth investor. The price was not immediately given out.
Situated on 2.47 acres within a greater 46-acre master...
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• DrinkPAK Inks Two Leases for 2.9 msf of Industrial Space in Fort Worth, TX
12/04/23
DrinkPAK, a CA-based canned beverage manufacturer, has closed on two industrial leases totaling 2.9 msf in its expansion to Fort Worth, TX, nearly tripling the company’s real estate footprint. We’re told these leases represen...
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• Clarion Partners LLC and Baranof Holdings Buy 677-Unit L.A. Area Self-Storage Asset
12/01/23
South Pasadena Storage, a 677-unit self-storage facility located in South Pasadena, was acquired by a joint venture between Clarion Partners LLC and Baranof Holdings out of Dallas, TX. It was sold by Gelt Ventures. The price ...
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• Xcel Energy-Colorado Leases New Office Building in Denver’s North Arts District
12/01/23
Xcel Energy-Colorado has pre-leased all of T3 RiNo, a new six-story, 220.2k sf office building in Denver’s River North Arts District (RiNo). Xcel Energy will be the largest office tenant in the RiNo submarket upon relocating ...
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• Revitate and LaTerra Development Start Work on Needed Housing Project in Albuquerque, NM
11/30/23
Revitate and LaTerra Development broke ground on a new opportunity zone, build-to-rent community called Bedrock at the Trails in Albuquerque, N.M. Bedrock will feature 199 townhomes and 145 single-family homes. The developmen...
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• Newmark Awarded Leasing Assignment for Oxnard Industrial Development
11/29/23
Stream Realty Partners has awarded Newmark the leasing assignment for 101 Logistics Center, a fully entitled, 750k sf, four-building, Class A state-of-the-art industrial project located on Sakioka Dr in Oxnard. Stream purchas...
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• Harbor Associates LLC and Evergen Equity Spend $55 Mil on L.A. Area Industrial Portfolio
11/28/23
Harbor Associates LLC, in a joint venture with Evergen Equity, has acquired a 126k sf industrial real estate portfolio in Gardena from a local investor in an off-market transaction valued at $55 mil ($436/sf).
The portfolio...
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• Creation and Clarion Partners Form Venture for Phoenix Industrial Development
11/22/23
Phoenix-based Creation and Clarion Partners has entered into a joint venture equity partnership for the development of Park Algodon, a proposed $250 mil speculative industrial project on more than 87 net acres in West Phoenix...
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• Constellation Real Estate Partners and Northwestern Mutual Acquire 33 Acres in the Dallas Fort Worth Airport Submarket
11/21/23
Constellation Real Estate Partners, in partnership with Northwestern Mutual, has acquired 33.7 acres of land located in the coveted DFW Airport submarket in Texas. The land is located at 2100 Mustang Court in Southlake.
The ...
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• MG Properties Closes on $100 Mil AZ Res Buy
11/20/23
MG Properties purchased NOVO Broadway Apartments, a 324-unit multifamily community in Tempe, AZ, for $100.25 mil ($309k/unit). The development, located at 711 West Broadway Rd, was formerly known as Parc Broadway. It was rece...
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• Bayhill Ventures Announces Plans for 672-Unit Res Project in Downtown San Francisco
11/17/23
In news of a planned residential development for downtown San Francisco, Bayhill Ventures has submitted entitlement approvals for 530 Howard Street, a 672-unit, for-lease residential development in the city’s Transit Center D...
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• Silicon Valley Res Project is Nearing Completion with Pre-Leasing Underway
11/16/23
Pre-leasing is underway at Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community under construction in Morgan Hill. The project, being developed by a joint venture of MBK Rental Living and Haseko Co...
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• Dart Interest Buys 2.3-Acre Development Site in Downtown Salt Lake City
11/15/23
A 2.32-acre site in downtown Salt Lake City was acquired by Dart Interest LLC for approximately $19.66 mil. Comprising two parcels, the site incorporates a parking lot that totals roughly 1.03 acres and a vacant data center c...
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• Waterfront Redevelopment Opportunity Listed in Downtown Long Beach
11/15/23
In news of a substantial redevelopment opportunity in Long Beach, Golden Shore, a prime 4.73-acre waterfront mixed-use development site in the city’s downtown, has been put on the market. The site is comprised of three parcel...
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• Westcore Spends $82 Mil on Reno Distribution Facility
11/14/23
Westcore acquired a 632.1k sf distribution center in the Tahoe-Reno Industrial Center (TRIC) for $82.5 mil ($130/sf). The modern, cross-loaded distribution center, located at 700 Milan Dr in Reno, includes more than 200 trail...
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• First Retail Tenants at New Hollywood Park Mixed-Use Campus Project Have Opened their Doors
11/14/23
Development of Hollywood Park, a nearly 300-acre, world-class sports and entertainment destination in the city of Inglewood being built by Los Angeles Rams Owner/Chairman E. Stanley Kroenke, is well underway. According to sou...
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• Whole Foods Signs Deal for New 137k sf Distribution Facility in Colorado
11/13/23
Whole Foods Market has inked a build-to-suit deal for a 137k sf distribution facility at HighPoint Elevated, a Class A industrial park currently under construction near Denver International Airport in Aurora, CO. The industr...
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• Hines and MBK Rental Living Get Started on Luxury Res Community in Colorado Springs, CO
11/10/23
Hines and MBK Rental Living plan to develop a Class A, for-rent residential community in the Briargate neighborhood of Colorado Springs, CO. The project, Retreat at Mountainside, will be comprised of 284 residences across mul...
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