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• Second Phase of Downtown Burbank Mixed-Use Development is Finished
11/06/24
The second phase of First Street Village in Burbank has been completed. The project is a modern, three-phase mixed-use apartment community located at the intersection of First St, and Magnolia Blvd in the city’s downtown.
T...
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• Construction Underway on 233k sf Industrial Project in Goodyear, AZ
11/06/24
Construction is underway on Merit Partners Inc’s Tex Industrial, a 17.2-acre project that will bring two new Class A, mid-size industrial buildings totaling about 233k sf to Merit’s PV303 master-planned business park in Goody...
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• InterCapital Group and Pamera North America Close 300-Unit Res Buy in Denver’s Uptown Neighborhood
11/05/24
One City Block, a 302-unit apartment community in Denver’s Uptown neighborhood, was acquired by InterCapital Group and Pamera North America. The property was 95% occupied at the time of sale. Although the price was not given ...
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• WPT Capital Advisors Entity Buys 500k sf Bay Area Industrial Asset
11/05/24
An affiliate of WPT Capital Advisors acquired a Class A, three-building, 517.9k sf industrial park in the Bay Area city of Richmond. The deal was financed with an $85 mil loan provided by PCCP LLC.
Built in 2015 and 2016, th...
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• Phoenix Office Tower Trades for Nearly $100 Mil
11/04/24
In what we’re told is the largest metro Phoenix office sale since 2022, 24th at Camelback II, a 306.9k sf, Class A office asset, traded hands in a deal sources say came in at just under $100 mil. The property was sold by Hine...
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• Lincoln Property Acquires AZ Property for Redevelopment into Class A Industrial Project
11/01/24
Lincoln Property Company has acquired an infill office project in the heart of Tempe, Arizona in an $18.3 mil deal. Lincoln plans to redevelop the site into Sky Harbor Logistics, a Class A industrial campus situated minutes f...
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• Sunroad Enterprises Acquires Newly Constructed 265-Unit Res Project in Henderson, NV
11/01/24
Sunroad Enterprises has obtained a $66 mil senior loan for the acquisition and lease-up of Element 12 at Cadence, a 265-unit apartment community in Henderson, NV. The four-story apartment community is located within the Caden...
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• Phoenix Single-Tenant Industrial Facility Sells for $69.5 Mil
10/31/24
Karney Properties, a family-owned, real estate firm out of Santa Monica, acquired a freestanding 400k sf, Class A cross-dock industrial building in Phoenix in a $69.55 mil ($174/sf) transaction. The single-tenant property is ...
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• Trophy Office Tower in Downtown Sacramento Changes Hands in $117 Mil Transaction
10/31/24
PacWest Equities, an affiliate of Buzz Oates, acquired 400 Capitol Mall, a Class A, 501.3k sf trophy office tower in downtown Sacramento, for $117 mil ($233/sf) in an all-cash deal. The transaction represents the largest offi...
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• AZ Industrial Portfolio Acquired by Leon Industrial
10/30/24
The Tempe Freestanding Industrial Portfolio, a three-building, 175.7k sf infill industrial portfolio in Tempe, AZ, was acquired by Leon Industrial, a subsidiary of Dallas-based Leon Capital Group. The buildings are each 100% ...
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• San Diego Office Tower Sells for $27.5 Mil
10/29/24
Ambient Communities, a San Diego-based real estate development company, acquired 530 B Street, a 24-story, 250k sf office tower in downtown San Diego, for $27.5 mil ($110/sf).
Completed in 1966, the building is located at 53...
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• New Texas Industrial Development Refinanced with $100 Mil Take-Out Loan
10/29/24
A joint venture between Grandview Partners and TRG Development has obtained $99.8 mil of financing for a newly constructed industrial park totaling approximately 1.64 msf in Wilmer, TX, a suburb of Dallas. Known as Core45, th...
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• South OC Office Property Sells for $177 Mil Through Lengthy Auction Process
10/28/24
In news of a major office property trade in Orange County, the Ziggurat Building, a seven-story, 1 msf structure in Laguna Niguel, sold for $177 mil after a lengthy auction process that went on for months. The building, which...
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• BKM Capital Partners Acquires 104k sf AZ Biz Property in a $21.6 Mil Recapitalization
10/28/24
BKM Capital Partners (BKM) has acquired Wier Thirty6 Business Park, a 104.1k sf industrial property in Phoenix, for $21.6 mil, or $207/sf, in a recapitalization of the property. Built in 1986, the property consists of nine fr...
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• L.A. Area Industrial Redevelopment Site Sells for Over $32 Mil
10/24/24
A 124.5k sf, LA-area industrial property has traded for $32.425 mil in an acquisition viewed as a strong redevelopment opportunity. The property, situated on 7.22 acres at 16930 Valley View Ave in La Mirada, has entitlements ...
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• Denver Area Biz Park Trades in $61 Mil Deal
10/24/24
Ambrose Property Group has purchased Ascent Commerce Center, 595k sf industrial park in the Denver area, in a $61 mil ($102/sf) transaction. The 33-acre industrial park is located at the intersection of 84th Ave and Telluride...
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• Ares Management Real Estate Secures $475 Mil in Financing on 4.8 msf Industrial Portfolio
10/23/24
Ares Management Real Estate has obtained $475 mil in financing backed by a 4.8 msf, 25-building industrial portfolio on behalf of a fund it manages. The portfolio spans 16 markets in 12 states.
The floating-rate CMBS single...
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• SteelWave and SteerPoint Capital Buy 593k sf Retail Center in Simi Valley
10/23/24
San Mateo-based SteelWave and LA -based SteerPoint Capital recently closed on the purchase of Simi Valley Town Center, a 593.8k sf shopping center in Simi Valley. According to industry sources, the deal closed at about $38 mi...
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• Rexford Industrial Buys 279k sf Facility in the Inland Empire
10/22/24
In a recent Inland Empire industrial trade, Rexford Industrial Realty acquired a fully leased 278.7k sf property in Fontana for $70.1 mil ($251/sf). The property is located at 13201 Dahlia St, east of I-15 and south of I-10.
...
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• EQT Exeter Picks Up 860k sf Phoenix Industrial Portfolio
10/22/24
EQT Exeter has purchased a 100% leased, six-building industrial portfolio totaling 860.2k sf in Phoenix. Located within the popular Phoenix Airport submarket, the property is fully leased to eight tenants across diverse indus...
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