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Downtown L.A. Highrise Trades for $80 Mil 10/02/24 Union Bank Plaza, a 40-story office/retail tower located at 445 South Figueroa St in Downtown Los Angeles, has traded hands in a recent transaction valued at $80 mil. The 700k sf high-rise was acquired by Washington Capital M...
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EQT Exeter Spends $23.4 Mil on Otay Mesa Industrial Facility 10/01/24 EQT Exeter has purchased a freestanding, 115.5k sf industrial/warehouse building on 5.7 acres in San Diego’s Otay Mesa submarket for $23.45 mil ($203/sf). The single-tenant property, located at 2345 Britannia Blvd, is 100% le...
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$29 Mil Renovation Project Completed at Riverside City College 9/30/24 C.W. Driver Companies has completed a $29.3 mil renovation at Riverside City College with the transformation of the former Physical & Life Science Buildings, built in the 1960s, into the new Business, Law, and Computer Inform...
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San Ysidro Industrial Complex Purchased for $27 Mil by GID Industrial Acquisition 9/27/24 In a notable industrial buy from San Diego County, GID Industrial Acquisition purchased Trolley Industrial Center, a 105.5k sf property on over five acres in San Ysidro, for $27.25 mil ($258/sf), The multi-tenant property, lo...
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EQT Exeter Closes 1 msf Nevada Industrial Buy 9/27/24 EQT Exeter purchased USA Parkway Distribution Center I & II, a state-of-the-art industrial park comprising two, Class A cross-dock distribution buildings totaling 1.09 msf of space. The park, is located within the Tahoe-Reno ...
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Irvine Office Building Fetches $258/sf in Owner/User Buy 9/26/24 A 157.5k sf office building in Irvine sold for $40.6 mil ($258/sf) in a recent owner/user buy. The building, located at 5 Peters Canyon Rd, was purchased by TP-Link Systems Inc.
The low-rise building, built in 2000, sits on ...
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Regional Center in Oceanside Sells for $34 Mil 9/26/24 Plaza Rancho Del Oro, a 65k sf regional retail center in Oceanside, was purchased by an LA-based high-net-worth individual for $34.3 mil, or $527/sf. The property, located at 4120-4196 Oceanside Blvd, is shadow-anchored by Al...
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San Francisco’s Phoenix Hotel Acquired by Michel Suas of the San Francisco Baking Institute in $9 Mil Deal 9/26/24 The Phoenix Hotel, a 44-room hotel property in San Francisco’s Tenderloin district, traded in a $9.1 mil transaction from about a month or so ago. The asset, located on a 38k sf lot at 601 Eddy St, was acquired by Michel Suas...
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Lincoln Property Company Starts Work on 1 msf Tucson, AZ Industrial Project 9/25/24 Lincoln Property Company has broken ground on Phase I of I-10 International, a Class A industrial project that, upon completion, will total more than 1 msf of space on 79 acres in the Tucson, AZ airport submarket.
The $75 mi...
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Multifamily Property in Henderson, NV Trades for $45 Mil 9/25/24 Prism Multifamily Group has acquired Cascade Apartments, a 261-unit multifamily property in Henderson, NV, for $45.5 mil, or $174.3k/unit. The buyer plans to complete a property renovation plan to better capitalize on the gro...
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Work Gets Underway on 68k sf Biz Park in Carlsbad 9/24/24 The Techbilt Companies has broken ground on Evolve, a brand new 67.7k sf, three-building campus in Carlsbad. The new Class A complex is situated within a 600-acre master-planned development surrounded by over 350 acres of ope...
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SC Properties Closes on $37.5 Mil Bay Area Office Buy 9/24/24 San Mateo-based SC Properties has acquired San Mateo Gateway Center, a 235k sf, Class A office campus in San Mateo. The property was sold by Kennedy Wilson in a deal that industry sources say came in at $37.5 mil, or about $1...
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Venture Between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management Buys 276k sf Conejo Valley R&D/Office Property 9/23/24 A partnership between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management has acquired Lakeview Innovation Center, a 276.5k sf, Class A research and development (R&D) and office property o...
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GPI Companies Boosts LA Area Portfolio with 292-Unit Res Buy in North Hollywood 9/20/24 GPI Companies has acquired The Lofts at NoHo Commons, a 292-unit, Class A podium-style multifamily project in North Hollywood. The transit-oriented, mixed-use property was originally built in 2006 and was extensively renovate...
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Portland Res Community Trades 9/20/24 StoneRidge at Cornell, a 233-unit, garden-style multifamily community in Portland, has traded hands. Situated on 16 acres at 14800 NW Cornell R, StoneRidge at Cornell offers one- and two-bedroom units averaging 820 sf in size...
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Sherman Residential Spends $72 Mil on Its First Phoenix Res Acquisition in 15 Years 9/19/24 Sherman Residential closed on a significant multifamily buy in Phoenix, paying $72.05 mil for Vela on Camelback, a 237-unit ($304k/unit) Class A community located at 4949 N. 7th St in the city’s Camelback Corridor submarket. ...
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BKM Capital Partners Wraps Up $110 Mil Recapitalization of Light Industrial Portfolio 9/19/24 BKM Capital Partners has executed a $110 mil recapitalization of a five-property, light industrial portfolio. The transaction also marks an expansion of BKM’s partnership with a global investment manager, bringing the joint v...
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Stos Partners Picks Up 95k sf of Industrial Assets in Phoenix 9/18/24 Stos Partners recently closed on the purchase of a 5.3-acre property in Phoenix that includes two freestanding industrial warehouse buildings totaling 94.8k sf of space. The buildings are located at 236 and 240 North 48th Ave...
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New 315-Unit Central OC Res Development Completed 9/18/24 Construction of Zia, a five-story, wrap-style apartment development from MBK Rental Living in central Orange County, has been finished and the project is now available for leasing. Offering upscale living with easy access to ...
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CaliberCos Buys 312k sf Phoenix Office Campus 9/17/24 Scottsdale-based CaliberCos Inc purchased Canyon Corporate Plaza, a 311.7k sf, Class A office campus in Phoenix. The asset was sold by ViaWest Group, who purchased the complex in a joint-venture with New York-based Taconic Ca...
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