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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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• Decron Properties Picks Up Res Community in $69 Mil Transaction
4/18/24
Decron Properties has acquired Hangar at Thunderbird, a 266-unit gated luxury multifamily community located in Glendale, AZ, for $69 mil.
The acquisition was the upleg of a 1031 exchange following the firm’s disposition of t...
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• Commercial Real Estate Financing Briefs
4/18/24
GANTRY - Blake Hering and Crischell Bacarro with Gantry arranged a $40.5 mil permanent loan to retire construction financing for a recently completed and now stabilized Class A apartment project in Albany, OR. The 264-unit co...
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• Cypress West Partners and TPG Angelo Gordon Form Joint Venture to Acquire Up to $300 Mil in Medical Office Properties
4/17/24
Cypress West Partners and TPG Angelo Gordon have formed a programmatic joint venture, which has the ability to acquire up to $300 mil in medical office assets across the Sunbelt region over the next two years. The venture wil...
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• Partners Capital and CNR Retail to Convert Older Vegas-Area Office Complex into a Lifestyle Retail Center
4/17/24
Partners Capital and CNR Retail have finalized design plans to convert an aging 100k sf office complex in Las Vegas’ Green Valley Ranch neighborhood into an artisanal food-driven, open-air lifestyle retail center. The propert...
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• Regional Center in the L.A Area Trades in $66 Mil Deal
4/16/24
TRC Retail acquired La Canada Flintridge Town Center, a 115k sf regional retail center in the northeastern San Fernando Valley above Glendale and Pasadena, for $66 mil ($574/sf). The property, completed in 2008, is located a...
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