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• IndiCap and Invesco Real Estate Finish Work on First Phase of 1.5 msf AZ Industrial Development
8/26/24
IndiCap and Invesco Real Estate have completed work on Phase 1 of Virgin Industrial Park, a 1.5 msf industrial development in Glendale, AZ. Virgin Industrial Park, slated to consist of five Class A buildings within Phoenix’s ...
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• TruAmerica Multifamily Acquires 300-Unit TX Res Asset in $50 Mil Transaction
8/26/24
TruAmerica Multifamily acquired Sheridan Park at Spring Creek Apartments, a 300-unit multifamily property located in Plano, one of Dallas/Fort Worth’s most desirable suburbs. The $50.3 mil purchase price, includes the buildin...
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• Libitzky Property Companies Adds 224k sf AZ Industrial Asset to Its Portfolio
8/26/24
NoCal-based Libitzky Property Companies has purchased Parc Germann, a recently constructed industrial project in Chandler, AZ. The asset, situated on 16 acres at 2215 and 2225 East Germann Rd, comprises two state-of-the-art C...
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• Class A Industrial Project Completed in Denver
8/23/24
Lovett Industrial has completed construction on Broadway Logistics Center, a new 201.3k sf, Class A front-park rear-load industrial building in Denver, CO. Located at 6795 Broadway, at the corner of W 70th Ave and Broadway, a...
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• Sharp Capital Spends $10 Mil on Pasadena Office Asset
8/23/24
Sharp Capital purchased a 77.5k sf office building in Pasadena in a recent $ 10 mil transaction, The property, located at 299 N Euclid Ave, traded for $129/sf.
The building is currently 95% occupied by a diverse tenant base...
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• Turner Healthcare Facilities Funds Lands $35 Mil in Financing for Two SoCal Assets
8/22/24
Turner Healthcare Facilities Funds has obtained $35.83 mil in financing in separate transactions for two SoCal properties. The properties are 1650 Adams Ave, a 12.4k sf medical property in Costa Mesa, and 480 4th Ave., a 64,....
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• Stratford Partners Buys 94-Unit Multifamily Property in Colorado
8/22/24
Stratford Partners has acquired Del Arte Townhomes, a 94-unit res community in Aurora, CO. The deal was financed with a $15.44 mil acquisition loan.
The community is located at 11135 East Alameda Avenue in southwest Aurora. ...
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• Berkeley Student Housing Project Lands $30 Mil in Construction Money
8/19/24
Panoramic Interests has secured $30 mil in construction financing for The Northside, a 73-unit student housing project at 1752 Shattuck in Berkeley.
The Northside, now under construction, is situated in the city’s desirable...
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• South OC Senior Living Community Secures $52 Mil Refi Loan
8/19/24
Atria Newport Beach, a 168-unit senior living community located in Newport Beach, was refinanced with a new loan for $52 mil. The property is owned by a partnership between a national REIT and Atria Senior Living.
Atria New...
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• Hines, Trez Capital and the Furst Family Purchase 90 Acres in Texas for Master-Planned Community
8/16/24
A venture between Hines, Trez Capital and the Furst Family has acquired the initial 90 acres of what will become Furst Ranch, an expansive master-planned community in Denton County, TX. The project, located outside of Dallas ...
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• AZ Shopping Center Gets New Owner After $26 Mil Trade
8/16/24
Mesa Ranch Plaza, a 130k sf shopping center in Mesa, AZ, was purchased by a private investor for $26 mil ($200/sf).
Mesa Ranch Plaza is located at 1008, 1036, 1060, and 1142 E. Southern Ave. It is shadow-anchored by a promi...
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• Klein Investments Family Limited Partnership Closes $81 Mil Purchase of State-of-the-Art Building in San Jose
8/15/24
Klein Investments Family Limited Partnership has acquired Silicon Valley Innovation Hub, a 146.2k sf, state-of-the-art building in San Jose that is fully leased to Merck KGaA, Darmstadt, Germany. The property was sold by a jo...
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• MDH Partners Spends $51 Mil on AZ Industrial Complex
8/14/24
KV Buckeye 10, a new 249.6k sf industrial complex in Buckeye, AZ was purchased by MDH Partners LLC in a $51 mil ($204/sf) transaction. The project is 60% leased.
KV Buckeye 10, completed in August 2023, is situated on an 18....
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• Beedie Starts Work on 112k sf Industrial Project in North Las Vegas
8/13/24
Beedie has started construction on Lincoln by Beedie, a 111.7k sf industrial condo project in North Las Vegas. marking their second state-of-the-art development in Nevada. Situated at 2942 Lincoln Rd, The Class 'A' developmen...
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• Continental Realty Assets Ltd Completes $27 Mil Multifamily Buy in Las Vegas
8/13/24
Continental Realty Assets Ltd (CRA) has picked up Villa Del Rio Apartments, a 168-unit multifamily community in Las Vegas, for $27 mil, or $160.7k/unit. CRA, a subsidiary of Continental Realty Group, is a Denver-based multifa...
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• Historic Office Campus Property in Portland Trades Hands
8/12/24
Montgomery Park, a 768.4k sf, multi-tenant office campus located in Portland’s Slabtown submarket, traded hands in a recent sale. The seller was an entity indirectly owned by a group of banks that foreclosed on the property i...
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• Washington Neighborhood Center Sells for Over $600/sf
8/12/24
Panos Properties LLC has acquired Village at Redmond Ridge, a 66.9k sf, neighborhood retail center in Redmond, WA, for $41 mil ($613/sf). The property, located at 23515 NE Novelty Hill Rd, was sold by Woodbury Corporation.
V...
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• Mattel Spends $59 Mil for El Segundo Office Asset Adjacent to Its Current HQ
8/09/24
Mattel, the multinational toy manufacturing and entertainment company based in El Segundo, has purchased Grand + Nash, a newly renovated 167.8k sf creative office campus at 2160 E. Grand Ave, also in El Segundo. The asset, wh...
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• Waterford Property Company and The Vistria Group Pick Up 299-Unit Multifamily Property in Dallas
8/09/24
Waterford Property Company and The Vistria Group have acquired Axis Kessler Park, a 299-unit, garden-style Class A multifamily community in Dallas. The joint venture purchased the property, located at 2400 Fort Worth Ave, in ...
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• Upscale Phoenix Multifamily Community Sells for $79 Mil
8/08/24
Alta North Central, a 229-unit Class A multifamily community located in north central Phoenix, traded hands in a $79 mil ($345k/unit) transaction. Built in 2020, Alta North Central is located at 777 E Stella Lane.
The commun...
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