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• Mesa, AZ Industrial Project Trades in $25 Mil Transaction
4/07/23
Libitzky Property Companies has acquired Gateway Technology Commerce Center, a two-building, 138.7k sf Class A industrial project in Mesa, AZ, for $25.4 mil ($183/sf). The property was sold by MIG Real Estate LLC.
The multi-...
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• Brixton Capital Buys 144-Unit Apartment Community in San Antonio
4/07/23
Brixton Capital has acquired The Atlee, a 144-unit, 157.5k sf multifamily community in the Olmos Park submarket of San Antonio, TX. The price was not disclosed.
The Atlee, located at 402 Holland Ave, features premier interi...
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• BKM Capital Partners Spends $25 Mil on 84k sf Biz Park in the Eastern San Fernando Valley
4/06/23
BKM Capital Partners has purchased Valley East Industrial Park an 84.4k sf light industrial park in North Hollywood, for $25.3 mil ($300/sf). Situated on over two acres at 7041 Vineland Ave, the park will be renamed Backlot N...
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• Stonelake Capital Partners Completes $38 Mil AZ Industrial Buy
4/05/23
Stonelake Capital Partners has purchased a 249.9k sf, Class A industrial asset in Tolleson, AZ for $38.2 mil ($153/sf). Situated in Phoenix’s sought-after West Valley market, the property is 100% leased to Circle K, which ope...
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• Elat Properties Acquires DTLA Office Tower in $46 Mil Transaction
4/05/23
Elat Properties purchased 801 South Grand, an 11-story, 215.1k sf office tower in downtown Los Angeles, for $46 mil ($214/sf). The building was sold by CIM Group.
801 South Grand was 74% leased at the time of sale to a diver...
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• Advanced Real Estate Acquires Iconic Edison Tower in Downtown Long Beach
4/04/23
Advanced Real Estate has acquired the iconic Edison - a 12-story former office tower in Downtown Long Beach. The price was not immediately disclosed.
The property sits one block from Ocean Blvd at the terminus of the Metro R...
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• Downtown L.A. Office Tower Trades in $111 Mil Transaction
4/03/23
In a significant Downtown Los Angeles office acquisition, Waterbridge Capital purchased Union Bank Plaza, a 40-story, 701.9k sf high-rise located at 445 S. Figueroa St, in a deal worth roughly $111 mil ($158/sf). The Class A ...
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• Construction Started on 292-Unit San Gabriel Valley Res Community
4/03/23
Work has started on Solana at Duarte Station, a new 292-unit five-story luxury apartment community located in the San Gabriel Valley city of Duarte. The project, which includes an eight-story parking structure, is a developme...
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• PCCP LLC and Panattoni Development Company to Build 625k sf of Industrial Space in Vancouver, WA
3/31/23
A joint venture between PCCP LLC and Panattoni Development Company is developing two, infill industrial parks in Vancouver, WA. The three-building project includes Vancouver Logistics II and Hidden Glen Logistics, which will ...
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• TTM Real Estate Capital Pays Around $80 Mil for HHLA Retail Center in Westchester
3/31/23
TTM Real Estate Capital, a subsidiary of Cannon Commercial, has acquired HHLA, the 245.4k sf retail center that makes up part of the Howard Hughes Center mixed-use campus in Westchester, adjacent to Playa Vista on L.A.’s west...
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• CapRock Partners Wraps Up Work on Two New Vegas Industrial Projects
3/30/23
CapRock Partners has completed two new Class A industrial warehouse distribution facilities in Las Vegas totaling nearly 700k sf. Both assets are well-located state-of-the-art institutional investment-level properties.
One o...
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• Haven Warner Center Res Community Trades in $54 Mil Transaction
3/29/23
Haven Warner Center, a 205-unit multifamily asset in Warner Center, a master-planned neighborhood and business hub in the western San Fernando Valley, sold for $54 mil, or $263.4k per unit.
Completed in 1985, Haven Warner Ce...
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• New 300-Unit Anaheim Res Community Now Under Construction
3/29/23
Construction is underway at Zia, a five-story wrap-style apartment community located in Anaheim. The project is a development of MBK Rental Living, in a joint venture with Haseko Corporation.
Offering upscale living with eas...
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• Golden Bee Properties Wraps Up $39.5 Mil Res Buy in Sylmar
3/28/23
Golden Bee Properties purchased Mountain View Manor, a 200-unit LIHTC multifamily property in the northeast San Fernando Valley community of Sylmar, for $39.5 mil ($197.5k/unit). The property is located at 12960 Dronfield Ave...
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• OC Office Building Trades in $43 Mil Deal
3/27/23
A 113.9k sf office building in Irvine traded hands in a recent $43.5 mil ($382/sf) transaction. The building, located at 16355 Laguna Canyon Rd, received multiple offers.
The three-story building sits on 6.61 acres at the so...
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• Aspen Hospitality Buys Partial Ownership of Hotel Born in Downtown Denver
3/24/23
Aspen Hospitality has acquired partial ownership of the Hotel Born in downtown Denver. Aspen, the hospitality division of Aspen Skiing Company and owners of The Little Nell and Limelight hotel brands, plans to convert the hot...
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• Two-Building AZ Industrial Project Sells for $40 Mil
3/23/23
Chandler Crossroads I & II, a Class A industrial project totaling 216.3k sf in Chandler, AZ, traded hands in a recent $40.15 mil transaction. Developed in 2016 and 2022, respectively, the Southeast Valley portfolio consists o...
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• Washington Food Processing Plant Sells for $19.5 Mil
3/22/23
No Meat Factory, a Canadian manufacturer of plant-based meat alternative products, purchased the 196k sf, Stanwood food processing plant in Stanwood, WA. The property was sold by Twin City Foods in a $19.5 mil transaction.
L...
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• BKM Capital Partners Completes Purchase of 740k sf Light Industrial Portfolio in Las Vegas.
3/22/23
BKM Capital Partners recently closed on the acquisition of a 740k sf, seven-property light industrial portfolio in Las Vegas, in a partnership with an alternative investment firm. The purchase consists of 21 buildings adjacen...
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• New Riverside Distribution Facility Leased to Logistics Plus Warehousing & Fulfillment
3/21/23
Construction has been completed on the second phase of Columbia Business Park, a 374k sf distribution facility that has been fully leased. The tenant, Logistics Plus Warehousing & Fulfillment Inc, a third-party logistics comp...
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