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• Latest Signings by DrinkPAk Bring 1.7 msf The Center at Needham Ranch to Fully Leased
5/02/23
The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park developed by a joint venture between Trammell Crow Company and Clarion Partners in Santa Clarita, is fully leased ahead of delivery. DrinkPAK, a be...
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• Prologis Inks Weee Deal in Santa Fe Springs
5/01/23
Weee! Inc, the leading Asian and Hispanic e-grocer in the U.S., inked a lease for Prologis Mid Counties Distribution Center, a 146.6k sf industrial facility in Santa Fe Springs. Weee! is expanding from their existing cold sto...
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• Lincoln Property Company Starts Work on 1.59 msf Vegas-Area Industrial Development
4/28/23
Lincoln Property Company’s Southwest division, LPC Desert West, broke ground on Windsor Commerce Park, an eight-building, 86-acre Class A industrial project and LPC’s first-ever ground-up industrial endeavor in the state of N...
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• Watermarke Properties Spends $22.5 Mil on OC Office Building
4/28/23
Watermarke Properties has purchased City Centre I, a 6.8-acre, multifamily redevelopment project in the City of Orange, for $22.5 mil. The asset is located at 625 The City Drive South, west of I-5 and adjacent to the south si...
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• Master-Planned 34-Acre Development Site in the Santa Clarita Valley Offered for Sale
4/26/23
A 34.4-acre site known as The Bluffs at Valencia, located within the master-planned community of FivePoint Valencia in the Santa Clarita Valley, has been listed for sale. CBRE’s Craig Peters and Sam Glendon are marketing the ...
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• 575-Key Arizona Hotel Property Trades in $110 Mil Deal
4/25/23
Southwest Value Partners purchased JW Marriott Tucson Starr Pass Resort & Spa, a 575-key resort in Tucson, AZ, in a $110 mil transaction. The property, located at 3800 West Starr Pass Blvd, was sold by Fortress Investment Gro...
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• Tishman Speyer and San Francisco Giants Begin Leasing Residential Units at First Project 28-Acre Mission Rock Campus
4/24/23
The Canyon, a new 283-unit res tower development in San Francisco’s China Basin area, has been completed and is now leasing. The project was built by the Mission Rock development team, a partnership between the San Francisco ...
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• OR Independent Living Facility Trades for $294k/Unit
4/21/23
Inspired Healthcare Capital paid $35 mil for Crescent Park, a 119-unit ($294k/unit) independent living community in Eugene, OR. The property, located at 2951 Coburg Rd, was sold by an investment management firm with a focus o...
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• Trammell Crow Company and JV partner Clarion Partners Receive Approvals for Second Phase of Bay Area Industrial Development
4/20/23
Trammell Crow Company (TCC) and JV partner Clarion Partners LLC. have achieved the required discretionary approvals for the second phase of development at the Fairfield Industrial Center in the Bay Area city of Fairfield. The...
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• Redcar Fund Management Closes Second Fund with $418 Mil in Equity Commitments
4/19/23
Redcar Fund Management has closed on Redcar Fund II (“Fund II”) with $418 mil in equity commitments. Through its successful debut Fund I, which closed in January 2020, Redcar acquired 15 assets which will total 1.4 msf upon c...
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• Stockdale Capital Partners to Spend $20 Mil Converting Scottsdale Building to Life Sciences Facility
4/18/23
Stockdale Capital Partners plans to spend $20 mil on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, AZ into a fully lab-enabled life science facility. The renovation will also include seve...
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• Trammell Crow Company and CBRE Investment Management Acquires 192 Acres in Mesa, AZ
4/17/23
Trammell Crow Company (TCC) and CBRE Investment Management have acquired a 192-acre development site in Mesa, AZ. The master site will be divided into ‘shovel-ready’ lots that will range from 12 acres, up to the full 192-acre...
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• MG Properties Completes $67 Mil Res Buy in Colorado
4/17/23
MG Properties closed on the purchase of Ridge at Castle Rock Apartments, a 204-unit res community in Castle Rock, a Colorado town located south of downtown Denver, for $67.15 mil ($329k/unit). The property, formerly known as ...
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• Commercial Real Estate Financing Briefs
4/14/23
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL -- Tom Turnage and Joe Galosic, Jr with Bellwether Enterprise originated a $58 mil loan to finance a luxury apartment community in Santa Barbara County. The property is a best-in-clas...
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• Sterling Organization Purchases Two Bay Area Retail Assets for $40 Mil
4/14/23
Sterling Organization recently acquired two Bay Area retail properties in a deal valued at $40.45 mil. The acquisition consisted of Franciscan Center, a 106.8k sf retail center, and Mohave Center, a 10.2k sf strip center, bot...
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• Rockefeller Group to Develop 415k sf Spec Industrial Project in Surprise, AZ
4/13/23
Rockefeller Group purchased a 25-acre parcel on Sweetwater Ave in Surprise, AZ for $12 mil. The company will develop Surprise Pointe Commerce Center, a 415k sf speculative distribution center, on the property.
The project ...
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• George Urban Advisors, Five Horizons Partners and DRA Advisors Pick Up 851k sf SoCal Industrial Portfolio
4/12/23
George Urban Advisors, in partnership with Five Horizons Partners and DRA Advisors, has acquired a portfolio of seven industrial properties in Orange County and Los Angeles County. The properties encompass 851.1k sf of space ...
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• Terreno Realty Corporation Closes on 600k sf Industrial Buy in the Bay Area
4/11/23
Terreno Realty Corporation has purchased Morton Commerce Center, a 602.7k sf, core industrial project in the Bay Area city of Newark. Recently constructed in 2020 and situated on over 31 acres, the Class A project comprises f...
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• IndiCap and Invesco Begin Construction of 1.5 msf Phoenix Area Industrial Project
4/10/23
IndiCap and Invesco have broken ground on Virgin Industrial Park, a five-building, 1.5 msf, Class A industrial project being constructed in the booming Loop 303 Corridor, in metro Phoenix’s West Valley.
Construction on Virg...
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• Barker Pacific Group and Kingsbarn Realty Capital Pay $82 Mil for 560k sf OC Office Complex
4/07/23
A joint venture between Barker Pacific Group and Kingsbarn Realty Capital acquired Griffin Towers, a 560k sf, office park featuring twin 13-story office buildings in Santa Ana, in an $82 mil transaction. The property was sol...
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