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December 3, 2023
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• Wayne Ratkovich, Renowned Los Angeles Urban Developer, Passes Away at 82 Years Old
9/27/23
Wayne Ratkovich, a Los Angeles-based real estate developer who dedicated his career to improving the quality of urban life in his beloved Los Angeles, died on Sunday, September 24, 2023, at Cedars-Sinai Medical Center in Los ...
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• Rockefeller Group Picks Up 35 Acres in Thornton, CO for Industrial Project
9/27/23
Rockefeller Group has purchased a 35.6-acre parcel in Thornton, CO for the development of a three-building, 453.6k sf industrial park. The project – 25 Commerce Park - broke ground this week with completion expected in Q1 20...
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• Construction Underway on a 1 msf Mixed-Use Development in Los Angeles’ Arts District
9/27/23
Work has been started on a new mixed-use development totaling approximately 1 msf in the heart of Los Angeles’s Arts District. The project will be comprised of a 127.5k sf, six-story creative office and retail building alongs...
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• Martens Development Company Spends $19 Mil on 44 Acres in AZ for Industrial Development
9/26/23
Martens Development Company picked up a fully entitled 44-acre industrial development site in Mesa, AZ for $19.1 mil. The site, positioned at the southeast corner of Ellsworth Rd and Willis Rd. Martens plans to build a new s...
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• Tricon Residential, Foremost Pacific Group and Woodbridge Pacific Group Finish 170-Unit Res Project in Wildomar
9/26/23
Tricon Residential, Foremost Pacific Group, and Woodbridge Pacific Group have completed Tricon Wildomar, a new built-to-rent community in Wildomar, CA featuring 170 modern Spanish-style townhomes. Tricon Wildomar is the sec...
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• Phoenix Office Complex Bought by Presson Corp Entity in $72 Mil Transaction
9/22/23
An entity of Presson Corporation has purchased the two-building, 295k sf 3131 and 3133 Camelback office project in Phoenix for $72.1 mil ($244/sf). Located at the southwest corner of 32nd St and Camelback Rd, in the heart of ...
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• Archway Equities and Virtú Investments Wrap up $74 Mil Res Buy in San Jose
9/21/23
A joint venture of Archway Equities and Virtú Investments has acquired The James, a 190-unit, Class A Apartment Community in downtown San Jose, for $74.25 mil, or $391k/unit. The James represents Archway’s second significant...
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• Perpetual Housing Fund of Utah and Rocky Mountain Homes Fund Buy Salt Lake City Office Tower
9/20/23
The Perpetual Housing Fund of Utah, in partnership with Rocky Mountain Homes Fund, purchased 515 Tower, a 171.2k sf office building at 515 East 100 South in Salt Lake City. The property was sold by Nearon Enterprises, a priva...
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• TruAmerica Multifamily Buys OC Multifamily Community in $103 Mil Deal
9/19/23
TruAmerica Multifamily purchased Nineteen01, a 264-unit apartment asset in Santa Ana, in a $102.9 mil ($390k/unit) transaction. The Class A property, which was acquired in partnership with PCCP LLC at a significant discount t...
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• Hawkeye INVSCO Buys 101k sf Colorado Retail Portfolio
9/19/23
Greenwood Village, CO-based Hawkeye INVSCO acquired a portfolio of three multi-tenant retail centers totaling 101.1k sf in Littleton (Denver), CO. The three properties -- Marketplace at Ken Caryl, Columbine Plaza, and Marina ...
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• San Marcos Industrial Property Trades in $12.5 Mil Deal
9/18/23
A 61.1k sf industrial complex in San Marcos was purchased by a private investor in a $12.5 mil ($205/sf) transaction. The asset sits on 3.29 acres at 1545-1565 La Mirada Drive in San Diego’s North County. The property was so...
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• Historic I. Magnin & Company Department Store in Pasadena Transformed into a New Mixed-use Destination
9/15/23
The historic, 45k sf I. Magnin & Company building in Pasadena has been transformed into a highly anticipated mixed-use destination. After a decade of vacancy, the iconic 45k sf, multi-level former department store is now prep...
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• Mary Ricks to Retire as President of Kennedy Wilson after 33 Years with the Company
9/14/23
Mary Ricks has decided to retire as President of Kennedy Wilson and as Director on the company’s Board, after 33 years with company. Mary will serve as a consultant to Kennedy Wilson to aid in the transition. Concurrently, f...
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• Cityview and Stockbridge Start Work on 265-Unit Res Project in L.A.’s South Bay
9/14/23
Construction is underway on Apollo, a 265-unit multifamily development in Los Angeles’ South Bay. Slated to complete in 2025, the LEED Silver, transit-oriented development is located in a high-growth area of the South Bay nea...
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• MG Properties Pays $90 Mil for Bay Area Res Community
9/14/23
MG Properties acquired Artist Walk Apartments, a 185-unit res community in Fremont, for $89.75 mil. The development, constructed in 2017, includes 30k sf of ground-floor retail. Artist Walk Apartments is located at 3888 Arti...
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• CapRock Partners Completes 165k sf Industrial Buy in the San Gabriel Valley
9/13/23
CapRock Partners purchased a 165k sf, single-tenant industrial building in San Dimas. The facility sits on 8.3 acres at 300 E. Arrow Highway, east of the 57 Fwy and south of the 210 Fwy. 300 E. Arrow Highway is fully leased ...
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• Gelt Venture Partners Buys 125-Unit OC Res Community for $63 Mil
9/12/23
Gelt Venture Partners LLC (GVP) has acquired Union Place, a 125-unit multifamily community in the Orange County city of Placentia, for $63.15 mil ($505.2k/unit). The property is situated on just over five acres at 1500 Cherry...
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• Advanced Real Estate Spends $96 Mil on Huntington Beach Res Community
9/11/23
Advanced Real Estate closed on a $96 mil res buy in Huntington Beach. The company bought a 264-unit ($363.6k/unit) property formerly known as Citron House, located at 7701 Warner Ave, just west of Beach Blvd. The property,...
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• Phase 1 of Riverwalk San Diego Awarded $41 Mil Grant from Affordable Housing and Sustainable Communities
9/08/23
A transformative development that will create energy-efficient affordable housing alongside a new Trolley station in Mission Valley is the only San Diego County project awarded funding this year from a leading-edge State of C...
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• Henderson, NV Office Campus Trades in $17 Mil Transaction
9/08/23
A joint venture between Los Angeles-based Partners Capital Inc and Las Vegas-based CNR Retail acquired Green Valley Corporate Center South, two Class A office buildings totaling 91.7k sf in Henderson, NV, for $17.250 mil ($18...
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