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• Rockefeller Group Purchases Seven Acres in North Las Vegas for Industrial Development
5/19/23
Rockefeller Group has purchased seven acres of land in the North Las Vegas area of Clark County, NV for the development of two speculative industrial buildings totaling 145.6k sf. The land was sold by R A Plaza LLC for $8.5 ...
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• Real Estate and Business Icon Sam Zell Passes at 81
5/18/23
Real estate and business magnate Sam Zell has passed away at the age of 81. He was chairman of a number of publicly traded companies, including Equity Group Investments, Equity LifeStyle Properties, Equity Residential, and E...
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• South Bay Office Building Picked Up for $24.75 Mil
5/18/23
Affiliates of Borstein Enterprises purchased DYAD South Bay, a two-building two-story office campus totaling approximately 116.2k sf on 5.22 acres of land in Torrance. The project, located at 19700 and 19750 South Vermont Ave...
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• Archway Equities Closes $150 Mil Multifamily Buy in the Inland Empire
5/17/23
Archway Equities has acquired The Paseos at Montclair North, a 385-unit multifamily community in the Inland Empire city of Montclair, for $150 mil ($389.6k/unit). We’re told this is the largest multifamily transaction in Sout...
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• Davlyn Investments Closes $67 Mil Res Buy in Las Vegas
5/16/23
Davlyn Investments closed on the purchase of Spectrum, a 252-unit, luxury multi-family community in Las Vegas, for $67 mil, or $265.9k/unit. The property was sold by The Bascom Group, who acquired the asset in late 2016 for $...
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• Long Beach Medical Office Building Fetches $29 Mil
5/16/23
Atlantic Medical Center, a 68.8k sf, purpose-built medical office building in Long Beach, sold to a private investor for $29 mil ($422/sf). The asset was sold by LA-based Jamison Properties.
Located at 701 East 28th St, the ...
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• San Jose Apartment Property Goes for $252k/Unit
5/15/23
Ranchero Palms, a 61-unit multifamily community in San Jose, traded hands for $15.38 mil, or $252k/unit. The property is located at 1175 Ranchero Way, west of San Tomas Expwy and south of I-280.
Ranchero Palms has 45 one-bed...
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• Work Started on Class A Office Building in Seattle’s University District
5/12/23
Lincoln Property Company (“LPC”), Intercontinental Real Estate Corporation, University of Washington (“UW”), and Sound Transit have broken ground on the new University District Station Building, a 266k sf office project in th...
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• Ontario Multifamily Asset Trades for $50 Mil
5/12/23
The Landing Apartments, a 156-unit multifamily community in Ontario, was sold in a recent $50.5 mil ($323.7k/unit) transaction. The property is located at 3364 Honeybrook Way, west of I-15 and just south of Hwy 60.
The Landi...
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• Coronado Plaza Sells for $955/sf
5/11/23
Coronado Plaza, a 41.9k sf mixed-use property in Coronado, sold for $40 mil ($955/sf). The property is located at 1300 – 1330 Orange Ave, steps from the water.
The property is directly across R.H. Dana Place from the Hotel D...
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• InnVest Hotels Buys 189-Room Seattle Asset
5/11/23
InnVest Hotels recently acquired a notable asset in Seattle, purchasing Hotel Monaco, a 189-room luxury property in the city’s downtown. The property was sold by Pebblebrook Hotel Trust.
The four-diamond Hotel Monaco is loca...
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• BKM Capital Partners Closes $25 Mil Purchase of San Fernando Valley Industrial Campus
5/10/23
BKM Capital Partners has purchased Valley East Industrial Park, and 84.4k sf light industrial park in North Hollywood, for $25.3 mil ($300/sf). Situated on over two acres at 7041 Vineland Ave, the property will be renamed Bac...
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• Denver Area Res Asset Lands $65 Mil in New Financing
5/09/23
Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
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• Birtcher Development Breaks Ground on 330k sf Distribution Center in Fontana
5/08/23
Birtcher Development has broken ground on Birtcher Logistics Center Fontana, a 330k sf, state-of-the-art distribution facility in Fontana. The project is being built in partnership with Oltmans Construction and Tomorrow’s Tal...
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• Fully Leased R&D Facility in Sunnyvale Hits the Market
5/08/23
GI Partners has put on the market a 75.4k sf, mission-critical, fully leased R&D facility in Sunnyvale. The property, most recently renovated in 2015, is located at 825 Stewart Dr.
The building is 100% leased to an American...
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• CRE Industry Icon John C. Cushman III Passes Away
5/05/23
John C. Cushman, III, an iconic name in the commercial real estate industry and a member of Cushman & Wakefield’s founding family, passed away on May 4, 2023 at the age of 82.
Cushman’s career spanned 60 years. At the time o...
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• Greystar Real Estate Partners Starts Work on AZ Industrial Park
5/05/23
Greystar Real Estate Partners has broken ground on Caliber by Greystar, a three-building, Class A industrial park in Peoria, AZ. The project is the first element to break ground at Greystar’s Peoria Place, a $500 mil mixed-us...
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• Commercial Real Estate Financing Briefs
5/04/23
TALONVEST CAPITAL - Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler with Talonvest Capital closed a $65 mil, non-recourse bridge loan for a seven-asset, self-storage portfolio located in Texas, Florid...
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• Portfolio of Six LA-Area Multifamily Properties Sells in Three Deals Totaling $53.55 Mil
5/03/23
A six-property, L.A. County multi-housing portfolio sold for a total price of $53.55 mil in three separate transactions to different buyers. The assets were sold by a corporate fiduciary acting on behalf of an LLC.
The apart...
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• Inland Empire Logistics Campus Trades in $325 Mil Transaction
5/02/23
Corona Lakeside Logistics Center, a 727.7k sf industrial asset in the Inland Empire city of Corona, has traded hands in a transaction valued at $325 mil ($447/sf). The recently completed, five-building industrial complex, loc...
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