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• Luxury Res Development in Sunnyvale is Completed and Available for Leasing
6/26/24
Leasing is underway at The Martin, a new 479-unit, apartment community in downtown Sunnyvale. The 12-story project, a development of Sares Regis Group of Northern California (SRGNC), is located at 240 S. Taaffe St, south of C...
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• BKM Capital Partners Spends $62 Mil on Portland Industrial Asset
6/25/24
BKM Capital Partners (BKM) has acquired Columbia Commerce Park, a 10-building property in Portland’s Airport submarket. The Newport Beach-based real estate fund manager and operator paid $62.7 mil for the multi-tenant light i...
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• 400-Unit Phoenix Res Development Lands $120 Mil in Construction Money
6/24/24
VeLa Development Partners has obtained $120 mil in construction financing for the development of Ray Phoenix, a 401-unit, 26-story multi-family residential building located in downtown Phoenix. The financing was arranged by J...
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• Lincoln Property Boosts Amenities at New AZ Office Project to Better Meet Current Tenant Needs
6/21/24
Lincoln Property Company plans to include an expanded amenity package and move-in-ready speculative office space at Union Building One, the first of four Class A office buildings they are developing in partnership with Harvar...
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• Portfolio of Six Gas Stations in Las Vegas and Phoenix Fetches $39 Mil
6/21/24
LV Petroleum LLC has sold a portfolio of six gas station properties in the Phoenix and Las Vegas metros to separate buyers in deals totaling $39 mil. The seller will lease-back all of the properties with 20-year, absolute tri...
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• Trammell Crow Company Picks Up San Fernando Valley Site for 350-Unit Res Project
6/20/24
Trammell Crow Company has purchased a 4.78-acre site in the San Fernando Valley with plans to build a residential development on the property. High Street Residential, TCC’s residential subsidiary, will develop the 350-unit m...
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• Cityview Buys 130-Unit Bay Area Res Community
6/19/24
Cityview has acquired Tralee Village Apartments, a 130-unit multifamily project in the Bay Area city of Dublin. The three-story project is spread across two buildings and sits above more than 30k sf of curated ground-floor re...
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• Carlsbad Biz Park Goes for Over $19 Mil
6/18/24
Arroyo Business Center, a 64k sf, multi-tenant light industrial park in Carlsbad, was purchased for $19.3 mil ($301/sf) by an unnamed global private equity firm. Located at 6352 and 6354 Corte Del Abeto, the North San Diego C...
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• Millburn & Company Buys 220-Unit AZ Multifamily Property
6/18/24
Landing at Fiesta Village, a 220-unit apartment property in Mesa, AZ, was acquired by. The asset was sold by a venture between Boston-based real estate private equity firm Rockpoint and P.B. Bell.
The Landing at Fiesta Villa...
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• J.H. Snyder Completes Renovation of 530k sf Office Property in L.A.’s Miracle Mile Area
6/17/24
J.H. Snyder has completed a multi-million-dollar renovation at 5757 Wilshire Boulevard, a Class A, 11-Story office building totaling 530k sf in L.A.’s the Miracle Mile submarket. In addition, there have been multiple leases t...
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• AZ Biz Park Trades in $33 Mil Transaction
6/17/24
A joint venture of Bendetti and Westport Capital Partners paid $32.9 mil for Broadwood Business Centre, a 156.2k sf ($210/sf), multi-tenant light industrial property in Mesa, AZ. The Southeast Valley business complex can acco...
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• San Jose R&D Facility Lands New Owner
6/14/24
A Blue Owl Capital-managed fund acquired 1010 Rincon Circle, a 90.9k sf, state-of-the-art R&D facility in San Jose. The price was not disclosed.
The property is 100% leased to Quanta Cloud Technology (QCT), a publicly traded...
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• Commercial Real Estate Financing Briefs
6/13/24
CUSHMAN & WAKEFIELD EQUITY, DEBT & STRUCTURED FINANCE -- Rob Rubano, Brian Share, Max Schafer, Lars Weston and Billy Coyle with Cushman & Wakefield secured $64.1 mil in financings for the acquisition of a Class A industrial p...
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• Commercial Real Estate Financing Briefs
6/12/24
JLL CAPITAL MARKETS -- Eric Tupler, Kristian Lichtenfels, Chris Collins, Will Mogk and Jarrod Howard with JLL Capital Markets arranged $30 mil in financing for a three-property industrial portfolio totaling 330....
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• Federal Realty Investment Trust Collects $103 Mil from Sale of Properties Along Santa Monica’s Third Street Promenade
6/11/24
Federal Realty Investment Trust has sold its remaining assets along Santa Monica’s Third Street Promenade -- eight buildings containing 185k sf of space -- for $103 mil ($557/sf). The buyer was not disclosed. Including a prev...
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• SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
A portfolio consisting of two industrial properties spanning six buildings and 387.5k sf of space in the SoCal cities of San Marcos and Temecula was acquired by different buyers in separate deals that totaled $74 mil.
One o...
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• Multifamily Asset in Sacramento’s Elk Grove Submarket Trades for $77 Mil
6/10/24
The Artisan, a 264-unit Class A apartment community in Sacramento’s Elk Grove submarket, was acquired by Weidner Apartment Homes for $77 mil, or $291.7k/unit.
The Artisan, completed in 2005, offers one-, two- and three-bedro...
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• Leasehold Interest in Phoenix Office Campus Goes for $44 Mil
6/07/24
The leasehold interest in Sky Harbor Center, a recently upgraded 534.8k sf office campus on 37 acres in Phoenix, was acquired for $44.3 mil by a private investment partnership. The ground lessor is the City of Phoenix.
Sky H...
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• Decron Properties Closes $99 Mil Retail Buy in San Diego
6/07/24
Decron Properties has acquired Mira Mesa Market West Shopping Center, a 238.7k sf shopping center in the San Diego submarket of Mira Mesa, for $99 mil ($415/sf). The acquisition of the fully leased center included the assumpt...
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• Arizona Multifamily Community Purchased by Kairoi Residential / German American Realty Venture in a $161 Mil Deal
6/07/24
In a sizable institutional res buy in Arizona, a venture between Kairoi Residential and German American Realty, a fund and investment manager specializing in residential rental properties in the United States, acquired Carter...
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