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• Milan Capital Management Acquires San Jose Power Center in $95 Mil Buy
9/11/24
In a significant retail acquisition in Silicon Valley, Milan Capital Management has purchased The Plant, a 367.9k sf regional power center in San Jose, in a transaction valued at $95 mil. Milan made the purchase in a joint ve...
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• Advanced Real Estate Closes $62 Mil Res Buy in Downtown LA
9/11/24
Advanced Real Estate closed on another major multi-family acquisition, paying $62 mil for Canvas LA, a 210-unit ($295k/unit) property that sits along the 110 Fwy in Downtown Los Angeles. The property is located at 138 N. Beau...
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• Upscale Torrance Multifamily Community Acquired by Japanese Investor in $71 Mil Deal
9/10/24
Koto Estates Co LTD, an investor from Japan, recently closed on a 121-unit multifamily acquisition in Los Angeles’ South Bay region. The company purchased The Highlands, located at 25935 Rolling Hills Rd in Torrance, for $71....
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• BH Properties Buys 400k sf, San Diego-Area Mixed-Use Campus
9/09/24
BH Properties acquired Hazard Center, a 405.3k sf, mixed-use campus in San Diego’s Mission Valley area. Terms of the transaction were not disclosed.
Situated on 14.5 acres, Hazard Center currently features a 15-story, 270k ...
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• Community Preservation Partners to Invest $100 Mil on Purchase and Renovation of Historic Pasadena Affordable Seniors Housing Property
9/05/24
Community Preservation Partners (CPP) has purchased Green Hotel Apartments, a 139-unit, affordable senior (62+) apartment complex in downtown Pasadena.CPP plans to restore the property and maintain it as affordable housing.
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• The Bascom Group Picks Up 249-Unit Bakersfield Multifamily Property
9/04/24
The Bascom Group LLC has acquired Old River Place, a 249-unit, single-family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, for $56.6 mil ...
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• San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
In a recent NoCal multifamily trade, an entity affiliated with The Spieker Companies has acquired the San Mateo Hills apartment portfolio, a 200-unit collection of five properties located in San Mateo. The portfolio sold for ...
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• Dallas Chick-fil-A Ground Lease Goes for $3.7 Mil
9/02/24
A Dallas-based private 1031 exchange investor paid $3.735 mil for the ground lease purchase of a newly developed Chick-fil-A property in Dallas. Built in 2023, the 4.7k sf restaurant sits on 1.525 acres at 3502 W. Camp Wisdom...
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• Beverly Hills Retail Trade Comes in at $3,500/sf
8/30/24
One Cole Group closed on a very notable acquisition in Beverly Hills, paying $39.2 mil for the North Beverly Drive Retail Collection, comprised of two buildings totaling 11.1k sf in Beverly Hills. The deal works out to an imp...
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• RCB Equities and Real Estate Development Associates Acquire 56-Acre Retail Redevelopment Opportunity in the San Gabriel Valley
8/30/24
Puente Hills Mall, a 56.41-acre retail mall in the City of Industry, was acquired by a joint venture between RCB Equities and Real Estate Development Associates LLC (“REDA”). The Mall, once a bustling retail hub in the heart ...
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• Washington Res Community Valued at $446k/Unit in $71 Mil Trade
8/29/24
SKY Sammamish, a 159-unit multifamily property in Sammamish, WA, traded hands in a $71 mil ($446k/unit) transaction. Located at 22526 SE 4th St, the property consists of one-, two- and three-bedroom units and two-story townho...
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• Pac West Equities Acquires 267k sf of Industrial Assets in the Bay Area
8/28/24
Two industrial assets in the Bay Area totaling 266.7k sf of space were acquired for $44.5 mil ($167/sf) by Pac West Equities, an affiliate of Buzz Oates. The warehouse properties, located at 75 and 89 South Kelly Rd in Ameri...
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• Community Preservation Partners Teams Up with The Hampstead Companies in 144-Unit El Cajon Affordable Housing Buy
8/28/24
Community Preservation Partners (CPP), in partnership with The Hampstead Companies, has purchased Lexington Green Apartments, a 144-unit affordable housing complex in El Cajon. The venture’s total development investment is $8...
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• AZ Retail Center Trades in $51 Mil Transaction
8/27/24
Casas Adobes Plaza, a 92.3k sf, Whole Foods-anchored shopping center in Tucson, AZ, traded hands for $51 mil, or $553/sf. The asset was sold by First Washington Realty.
Originally built in 1953 and remodeled in 2014, Casas A...
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• IndiCap and Invesco Real Estate Finish Work on First Phase of 1.5 msf AZ Industrial Development
8/26/24
IndiCap and Invesco Real Estate have completed work on Phase 1 of Virgin Industrial Park, a 1.5 msf industrial development in Glendale, AZ. Virgin Industrial Park, slated to consist of five Class A buildings within Phoenix’s ...
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• TruAmerica Multifamily Acquires 300-Unit TX Res Asset in $50 Mil Transaction
8/26/24
TruAmerica Multifamily acquired Sheridan Park at Spring Creek Apartments, a 300-unit multifamily property located in Plano, one of Dallas/Fort Worth’s most desirable suburbs. The $50.3 mil purchase price, includes the buildin...
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• Libitzky Property Companies Adds 224k sf AZ Industrial Asset to Its Portfolio
8/26/24
NoCal-based Libitzky Property Companies has purchased Parc Germann, a recently constructed industrial project in Chandler, AZ. The asset, situated on 16 acres at 2215 and 2225 East Germann Rd, comprises two state-of-the-art C...
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• Class A Industrial Project Completed in Denver
8/23/24
Lovett Industrial has completed construction on Broadway Logistics Center, a new 201.3k sf, Class A front-park rear-load industrial building in Denver, CO. Located at 6795 Broadway, at the corner of W 70th Ave and Broadway, a...
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• Sharp Capital Spends $10 Mil on Pasadena Office Asset
8/23/24
Sharp Capital purchased a 77.5k sf office building in Pasadena in a recent $ 10 mil transaction, The property, located at 299 N Euclid Ave, traded for $129/sf.
The building is currently 95% occupied by a diverse tenant base...
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• Turner Healthcare Facilities Funds Lands $35 Mil in Financing for Two SoCal Assets
8/22/24
Turner Healthcare Facilities Funds has obtained $35.83 mil in financing in separate transactions for two SoCal properties. The properties are 1650 Adams Ave, a 12.4k sf medical property in Costa Mesa, and 480 4th Ave., a 64,....
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