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July 16, 2024
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•  ViaWest Group Picks Up 94k sf Industrial Asset in Phoenix
5/07/24
ViaWest Group acquired a 94.2k sf, freestanding industrial building on 4.20 acres in Phoenix. The single-tenant facility, which underwent a significant renovation in 2023, is located at 1002 South 54th Ave and is 100% leased ...
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• AAA Management Lands $78 Mil in Construction Money for 251-Unit San Diego Res Development
5/07/24
San Diego-based AAA Management has obtained $78.5 mil in construction financing for Ion Clairemont, a 251-unit, mid-rise multifamily development in San Diego’s Kearny Mesa area. The project, located at 8333 Clairemont Mesa Bl...
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• Albanese Cormier Buys 162k sf Retail Center in Rancho Mirage
5/07/24
Albanese Cormier purchased Rancho Las Palmas, a 162.4k sf, grocery- and drug-anchored shopping center located within the Palm Springs MSA in Rancho Mirage. The asset was sold by DRA Advisors and Paragon Commercial Group. S...
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• Dalfen Industrial Picks Up 340k sf Industrial Facility in the Inland Empire
5/06/24
Dalfen Industrial acquired a 340k sf, Class A industrial facility in San Bernardino from Bixby Land Company. Built in 2018, the property is located at 4982 Hallmark Pkwy, north of the 210 Fwy and adjacent to the west side of ...
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• Trammell Crow Company and CBRE Investment Management Finish Work on 500k sf Bay Area Biz Park
5/03/24
Trammell Crow Company and CBRE Investment Management have completed construction on Cochrane Technology Center (CTC), a 500k sf, Class A business park in the Bay Area city of Morgan Hill. The development is currently the larg...
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• Galveston, TX Luxury Condo Project to Move Forward with $100 Mil in Construction Money
5/02/24
Satya has secured $100 mil in construction money for construction of Tiara on The Beach, a 63-unit condo project in Galveston, TX. The loan is being funded through International Bank of Commerce. The 10-story development repr...
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• Fundrise Lands $125 Mil on Four-Property Logistics Portfolio
5/02/24
Fundrise has obtained $125 mil in financing on an industrial portfolio comprising four single-tenant industrial warehouse and distribution assets in the metropolitan statistical areas (MSAs) of Phoenix, Las Vegas and Dallas/F...
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• Workforce Housing Project in Central Maui Opens to the Public
5/01/24
Kaulana Mahina Apartments, a 324-unit community in the Central Maui community of Wailuku, Hawai’I, has been completed and is now open to the public. The residential project is a development of Legacy Partners and AFL-CIO Bui...
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• Phoenix Office Asset Trades in $86 Mil Transaction
5/01/24
24th at Camelback, a 308.5k sf, Class A office asset in Phoenix's Camelback Corridor, sold for $86.1 mil, or $279/sf. The asset was acquired by an unnamed, international family investment entity in an all-cash transaction. ...
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• Washington Apartment Property Sells for $53 Mil
4/30/24
2000 Lake Washington, a 186-unit multifamily community in Renton, WA, traded hands in a $53.2 mil ($286k/unit) transaction. The asset was sold by New York Life Real Estate Investors. Situated on 9.2 acres at 1300 N 20th St i...
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• Kennedy Wilson and Haseko Corporation Team Up in $90 Mil WA Multifamily Buy
4/30/24
A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation on a $90 mil multifamily buy in Vancouver, WA. The venture acquired a two-property, 350-unit ($257k/unit) portfolio consisting of The Farmstea...
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• Mission Rock Partners Development Team Completes Five-Acre Park in San Francisco’s China Basin Neighborhood
4/29/24
China Basin Park, a new central gathering place and regional destination in San Francisco’s Mission Rock neighborhood, has been completed and is now open to the public. The Mission Rock Partners development team is a collabor...
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• Meta Housing Corp Starts Work on Affordable Housing Project in the West San Fernando Valley
4/29/24
Meta Housing Corp has broken ground on a new 238k square-foot, seven-story affordable housing apartment complex in the western San Fernando Valley community of Woodland Hills. The project is being built by R.D. Olson Construc...
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• EQT Exeter Spends $60 Mil on Newly Developed AZ Logistics Building
4/26/24
Philadelphia based EQT Exeter acquired a newly delivered 641.9k sf, Class A industrial/logistics building on approximately 40 acres in Buckeye, AZ, a growing city in the west Phoenix Metropolitan Area. Recently completed and ...
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• Work Wrapping Up on New 254-Unit Res Tower in San Francisco’s Mission Rock Neighborhood
4/25/24
Verde, a new 254-unit multifamily development in San Francisco’s Mission Rock neighborhood, has been completed and has now begun leasing. Located at 1070 Bridgeview Way, south of Oracle Park and just steps away from China Bas...
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• Lincoln Property Company Locks Up 562k sf of Pre-Leasing at 1.6 msf North Las Vegas Industrial Development
4/25/24
Lincoln Property Company has secured 561.7k sf in pre-leases at Windsor Commerce Park, a 1.585 msf industrial development in North Las Vegas. The commitments bring the company’s first-ever ground-up industrial endeavor in the...
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• MBK Rental Living Wraps Up Work on New 389-Unit Res Community in Silicon Valley
4/24/24
Vida at Morgan Hill, a new, Class A, 389-unit, three-story residential community in the Silicon Valley city of Morgan Hill, has been completed and is now leasing. The project, a development of MBK Rental Living, consists of o...
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• Greystar Completes 1 msf of Spec Industrial Space in Mesa, AZ
4/23/24
Greystar has completed its first 1.074 msf of space at Gateway Grand, a Class A industrial development in Mesa, AZ. The development represents the firm’s first industrial project to deliver in the state. At completion, Gate...
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• Downtown Burbank to Gain Almost 1,000 Housing Units and Hotels as the City’s CBD Continues to Evolve
4/22/24
Burbank’s vibrant downtown core is evolving as a sought-after mixed-use environment with the coming addition of close to 1,000 housing units and hotels. These new developments are part of an overall strategy to improve the ci...
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• Sacramento Office Property Acquired by Chavez Management Group in a $44 Mil Deal
4/19/24
Chavez Management Group Inc closed on the acquisition of a Sacramento office asset, paying $44.5 mil for Natomas Corporate Center, a two-building, 419k sf ($106/sf) property in the city’s South Natomas submarket. The Class A,...
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