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• 1,000-Unit Res Portfolio Lands $128 Mil Refinancing
7/23/24
San Diego-based Tower 16 Capital Partners has secured a $128 mil refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-y...
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• Commercial Real Estate Financing Briefs
7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
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• Mixed-Use Building in Downtown L.A.’s Historic Core Sells for $200/sf
7/22/24
An 80k sf creative office/retail building in Downtown Los Angeles' historic core traded hands in a $16 mil ($200/sf) transaction. The six-story structure is located at 612 S. Broadway.
Originally built in 1924 as Desmond's D...
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• JRK Property Holdings Buys 394-Room Hilton La Jolla Torrey Pines Hotel in $165 Mil Deal
7/19/24
JRK Property Holdings has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla from Braemar Hotels & Resorts for $165 mil. JRK made the purchase through its through its $350 mil Hospitality Fund.
The resort sits on...
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• Oceanside Shopping Center Traded in $56 Mil Deal
7/19/24
Marketplace del Rio, a 183.3k sf, high-quality neighborhood shopping center in Oceanside, was acquired by a nigh-net-worth investor in a $56.6 mil ($309/sf) transaction. The Stater Bros.-anchored center is situated on over 2...
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• EQT Exeter Pays $50 Mil for Falcon Park 303 - Phase II in Glendale, AZ
7/18/24
EQT Exeter has acquired Falcon Park 303 - Phase II, a brand new, 326k sf Class A industrial building on over 21 acres in Glendale, AZ, in a $50 mil transaction. It was sold by US Capital Development and an institutional inves...
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• Gelt Venture Partners Closes $53 Mil Multifamily Buy in Vista
7/18/24
Gelt Venture Partners LLC (GVP) has acquired Rancho Hills Apartments, a 148-unit multifamily property in Vista, for $53.5 mil, or $361.5k/unit. Built in 1986, the property is located at 856 Heatherwood Lane, southwest of Hwy ...
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• Vancouver, WA Res Community Sold in $28 Mil Transaction
7/17/24
Van Mall Retirement, a 191-unit senior living community located in Vancouver, WA, was purchased by a Pac Northwest-based owner/operator in a $28 mil ($146.6k/unit) transaction. The asset was sold by Lytle Enterprises.
Van Ma...
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• Worthe Real Estate Group Venture Acquires 27-Acre Burbank Studios Property in $375 Mil Deal
7/17/24
Burbank Studios, a 27-acre studio/production campus in Burbank’s Media District, was acquired by a Worthe Real Estate Group-led partnership in a deal said to be valued at $375 mil. The buying entity also includes QuadReal Pro...
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• Broadrange Leases 1.127 msf Logistics Facility in Denver
7/16/24
Broadrange, a Georgia-based, third-party logistics company, has signed a long-term lease for 1.127 msf encompassing the two remaining buildings in 76 Commerce Center, a Class A logistics park in Denver’s I-76 corridor. We’re ...
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• Scottsdale Medical/Office Project Purchased for $11 Mil
7/15/24
A three-story, 91.1k sf Class A office and medical office project in Scottsdale, AZ traded hands in a recent $11 mil ($120/sf) transaction. The building, 90 Mountain View I, was sold by Regent Properties.
90 Mountain View I ...
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• Clarion Partners Acquires New Reno Area Industrial Facility in $41.6 Mil Deal
7/15/24
Clarion Partners has picked up a newly constructed, 322.4k sf industrial building in McCarran, NV for $41.66 mil ($129/sf).
The property is located at 500 Denmark Drive, south of I-80 and just east of Hwy 439. Strategically...
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• Overton Moore Properties Buys 104k sf Inland Empire Industrial Facility
7/12/24
Overton Moore Properties purchased a 104.5k sf, Class A industrial building in San Bernardino from Bixby Land Company. The fully leased property is located at 19949 Kendall Dr, adjacent to I-215 just northwest of California S...
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• Portland Res Community Lands $45 Mil Refi
7/11/24
In a recent multifamily financing deal, The Dylan, a 232-unit multifamily asset with 6.2k sf of ground floor retail in Portland, landed a $45 mil refi loan provided by PCCP LLC. The property is owned by a joint venture betwee...
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• Rose Equities and Garden Communities Purchase Aging Torrance Office Building for Res Project
7/11/24
Rose Equities and Garden Communities have acquired a 65.3k sf office building situated on a 5.5-acre site in Torrance for $30.6 mil in an off-market deal. The building, located at 2325 Crenshaw Blvd, has served as the regiona...
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• Seattle Multifamily Property Comps at $290k/Unit
7/10/24
In a recent multifamily comp out of Seattle, Dexter Hayes, a 65-unit, Class A apartment building, traded for $18.85 mil, or $290k/unit. The property is located at 1701 Dexter Avenue N. in the city’s vibrant Westlake neighborh...
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• Davlyn Investments Locks Up $56 Mil Refi Loan on Sacramento Area Res Community
7/09/24
Davlyn Investments has landed a $56.2 mil refi loan on Ascent at the Galleria, a green-certified, 273-unit multifamily property located in Roseville, CA. The financing was arranged by Mitch Clarfield and Meghan Varga with New...
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• CapRock Partners Buys 700k sf Industrial Warehouse in the Reno, NV Area
7/09/24
CapRock Partners has acquired 3200 USA Parkway, a 707k sf, cross-dock industrial warehouse in Sparks, NV. The Class A distribution building is within the Tahoe-Reno Industrial Center ("TRIC"), a premier industrial park within...
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• GPR Ventures Closes $42 Mil Sacramento Area Industrial Buy
7/08/24
GPR Ventures has acquired Capitol Industrial Center North & South, a 335.7k sf industrial property in Rancho Cordova. The multi-tenant biz park traded for $42.7 mil ($127/sf) and boosts GPR’s portfolio in the Sacramento regio...
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• High-End Denver Res Community Sells for $640k/Unit
7/05/24
Epp & Sons Inc has acquired One19 Cherry Creek, a 36-unit multifamily community in Denver, in a $23.05 mil transaction. That works out to a price of $640k per unit for the high-end res project.
Located at 119 S. Harrison St ...
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