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• Investor Lands $53 Mil Loan on AZ Retail Center
6/12/23
An unnamed private investor has obtained $53.4 mil permanent loan to retire construction debt for the first phase of a multi-phase retail project. The project, The Village at Prasada, is a 700k sf retail power center located ...
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• Kennedy Wilson Acquires Initial Tranche of Loans Valued at $3.25 Bil in Total Commitments
6/12/23
Kennedy Wilson has acquired an initial tranche of loans as part of a $5.7 bil loan portfolio purchase from Pacific Western Bank. This first tranche of loans acquired by Kennedy Wilson and certain controlled affiliates of Fair...
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• Empire Group Obtains $120 Mil in Financing on Two AZ Build-to-Rent Projects
6/08/23
Scottsdale, AZ-based Empire Group has secured $120.5 mil in financing for two Build-to-Rent (BTR) communities in the Phoenix market. The lease-up bridge and construction financing is for the newly developed Village at Pioneer...
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• Washington Office Building Purchased by Intracorp Venture for $18 Mil
6/08/23
A 60.4k sf office building on a 3.66-acre parcel in Bellevue, WA was acquired for $18 mil ($298/sf) by Intracorp, along with its equity partner, HAL Real Estate.
The building is located at 3190 160th Ave SE, adjacent to I-...
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• Rockefeller Group Acquires Two Res Development Sites in Arizona
6/07/23
Rockefeller Group has acquired two sites for the development of 152 build-to-rent townhomes. The two sites, approximately 1.75 miles apart, total 16.5 acres and are located in Phoenix’s booming South Mountain corridor. Ground...
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• OC Shopping Center Traded in $36.5 Mil Deal
6/06/23
A Newport Beach private investor purchased Bristol Place, a 61.5k sf, multi-tenant shopping center shadow-anchored by Target in Orange County’s South Coast Metro, in a $36.5 mil ($593/sf) transaction. The property was sold by...
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• CapRock Partners Wraps Up Work on Two Inland Empire Industrial Projects
6/06/23
CapRock Partners has completed work on Palomino Ranch Business Park Phase I and Saddle Ranch South, two new LEED Silver-certified industrial building complexes strategically located in Norco. The developments bring new effici...
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• Madison Capital Group Acquires East Bay R&D Campus in $260 Mil Deal
6/05/23
Madison Capital Group purchased a 575.8k sf R&D property in the East Bay city of Fremont in a deal reported to be worth $260 mil. The asset, previously used as a manufacturing plant by Solyndra, was sold by Seagate Technology...
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• Swenson Receives Approval by Santa Cruz City Council for Mixed-Use Development
6/02/23
The Santa Cruz City Council approved an application for entitlements by Swenson on a mixed-use development at 530 Front St in Santa Cruz. The proposed project is located on the corner of Front St and Soquel Ave, the gateway t...
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• Rancho Cucamonga Office Building Trades in $22 Mil Transaction
6/01/23
A 127k sf office building in Rancho Cucamonga traded hands in a $22.25 mil ($175/sf) transaction. The property is located at 11000 Eucalyptus St, on Foothill Blvd across from two busy regional shopping centers.
The two-story...
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• Stonelake Capital Partners Wraps Up $18 Mil AZ Industrial Buy
6/01/23
Stonelake Capital Partners has purchased University Logistics Park, an 86.4k sf, multi-tenant industrial project in Phoenix, in an $18.1 mil ($210/sf) transaction. The asset was sold by 20 Mule Team Holdings LLC.
Located at ...
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• Redevelopment of Burlingame’s Historic Post Office Property Well Underway
5/31/23
Construction of the new 220 Park development in downtown Burlingame is nearing completion. The project returns and integrates the historic Burlingame Post Office building to its original location.
The 1,010-ton 1940s-era B...
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• 29th Street Capital Picks Up 124-Unit Res Asset in Arizona
5/30/23
29th Street Capital (29SC) acquired Solaire on Scottsdale Apartments, a 124-unit property located in Tempe, AZ. The price was not disclosed.
Developed in 1963, Solaire on Scottsdale is a B- asset positioned in a Class A loca...
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• Construction of $400 Mil Downtown San Diego Mixed-Use Project Tops Out
5/26/23
Holland Partner Group, North America Sekisui House and Lowe announced today that they have reached the topping out phase in the development of West, a $400 mil, 37-story mixed-use project located at 1011 Union St in downtown ...
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• Tempur-Pedic Leases 322k sf AZ Distribution Facility
5/26/23
Tempur-Pedic, the mattress and pillow maker, has inked a full-building pre-lease at Buckeye85, located in the heart of Phoenix’s I-10 Corridor. The lease brings the $60 mil, state-of-the-art warehouse and distribution project...
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• MG Properties Wraps Up $61 Mil Res Buy in Washington
5/25/23
MG Properties closed on a multifamily buy in the state of Washington, paying $61.6 mil for Artesia Apartments, a 192-unit ($321k/unit) community in Everett. The property is located 11225 19th Ave SE, in the city’s Silver Lake...
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• DivcoWest Buys 72k sf Life Science Building in Torrey Pines
5/25/23
DivcoWest has purchased a fully leased, 72.5k sf Class A life science building in the heart of the Torrey Pines research cluster. The property is located at 11119 N. Torrey Pines Rd, just west of the confluence of I-5 and I-8...
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• AZ Spec Industrial Facility Traded in $81.7 Mil Transaction
5/24/23
A Cohen Asset Management Inc affiliate acquired a newly constructed, 599.5k sf Class A industrial building in Glendale, AZ in an $81.7 mil ($136/sf) transaction. It was sold by US Capital Development.
The facility, known as ...
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• Ohana Real Estate Acquires the Claremont Hotel & Spa in $163 Mil Transaction
5/23/23
Redwood city-based Ohana Real Estate acquired the Claremont Hotel & Spa, a 276-room hotel property in Claremont, in a deal worth $163 mil ($591k/room). The asset is managed by Fairmont Hotels.
The property was sold by Toront...
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• Thousand Oaks Multifamily Portfolio Hits the Market
5/22/23
A two-property, 399-unit multifamily portfolio in Thousand Oaks has been put on the market. The portfolio includes Los Robles Apartments, a 253-unit property built in 1972 and The Retreat at Thousand Oaks, a 146-unit apartmen...
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