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May 27, 2024
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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...
more » 

• 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...
more » 

• 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...
more » 

• 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...
more » 

• 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...
more » 

• 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...
more » 

• 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...
more » 

• Demolition of The Yardstick Site Presents Prime Redevelopment Opportunity in Downtown Salt Lake City
11/09/23
Demolition has begun at The Yardstick property in downtown Salt Lake City, UT. The site, covering 0.6 acres at 50-52 East 300 South, in the heart of the city’s central business district, is being offered as a new 60-year grou...
more » 

• West Covina Apartment Property Trades for $40 Mil
11/09/23
Sunset Square, a 140-unit multifamily property in West Covina, was acquired by B.A.G. Investments Inc in a $40 mil ($286k/unit) transaction. Built in 1964 and renovated in 2015, the four-building property is located at 745 N....
more » 

• Cerritos Office Building is Traded
11/08/23
Plaza Tower, a 191.9k sf, multi-tenant Class A office property in Cerritos, traded hands in a recent transaction. The nine-story property, located at 18000 Studebaker Rd, was purchased by Logos Missions Inc. Developed in 198...
more » 

• Panattoni Development Company and Crow Holdings Capital Land $252 Mil in Construction Money for Washington Industrial Project
11/07/23
A joint venture between Panattoni Development Company Inc and a real estate fund advised by Crow Holdings Capital has obtained $252.3 mil in construction money for the development of three industrial buildings totaling approx...
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• MG Properties Wraps up $95 Mil Denver Multifamily Buy
11/06/23
MG Properties recently acquired 4400 Syracuse Apartments, a newly built, 316-unit luxury midrise community located in one of Denver’s most desirable, dynamic, and growing submarkets, in a $95 mil ($300k/unit) transaction. Th...
more » 

• Torani Inks Lease for New 202k sf Warehouse Development in San Leandro
11/03/23
Torani has signed a pre-lease agreement for a new 202k sf warehouse development in San Leandro. The company, a leader in the flavor industry since 1925, will relocate their warehouse and distribution operations from their cur...
more » 

• 2.2 msf Texas Mixed-Use Campus Trades Hands
11/02/23
CityLine, a 2.2 msf mixed-use property comprised of four purpose-built office buildings in Richardson, TX, traded hands. The property, occupied by State Farm, includes 120k sf of retail space and a 42k sf medical office build...
more » 

• San Fernando Valley Res Community Sale Goes for $106 Mil
11/01/23
Summerset Village, a 280-unit multifamily property situated in the foothills of the Santa Susana Mountains, sold for $106.65 mil, or $381k/unit. The property is located at 11450 Poema Pl, just north of the 118 Fwy at Topanga ...
more » 

• Parklane Development Group and Miramar Industrial Partners Complete Work on 1.2 msf AZ Logistics Project
10/31/23
Parklane Development Group and Miramar Industrial Partners have completed work on Southern Industrial Center, an award-winning, 1.2 msf, speculative Class A industrial project located at the southeast corner of Southern Ave a...
more » 

• Dominium Finishes One Phoenix Housing Project While Breaking Ground on Two Others
10/30/23
Dominium has been busy with three housing projects in Phoenix. The firm held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family ...
more » 

• Milhaus and Banyan Residential to Build 320-Unit Phoenix Multifamily Project
10/30/23
Milhaus and Banyan Residential are set to move forward with a new 320-unit residential development in Phoenix. The project, Alanna, will be built with design-assist construction services from McShane Construction Company. Lo...
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