| German Investment Fund Pays Over $1,100/sf for Trophy Silicon Valley Office Building
In a recent Silicon Valley office buy, Union Investment has acquired The Catalyst, a 195k sf trophy office building in Sunnyvale, for $222 mil ($1,138/sf). Union Investment, based out of Germany, made the acquisition through...
| Creative Office/Flex Building in San Diego’s Rancho Bernardo Area Goes for $27.4 Mil
Mosaic, a 64k sf, creative office/flex asset in Rancho Bernardo, has traded to a new owner in a $27.44 mil transaction. Built in 1985 and recently renovated, Mosaic was sold by SENTRE.
Mosaic is a best-in-class asset located...
| Colorado Office Sale is an Epic Deal
An affiliate of Boston-based Albany Road Real Estate Partners has acquired Epic One, a premier Class A office building totaling 146.1k sf in Colorado Springs, CO. The five-story multi-tenant asset was approximately 87% leased...
| Oxford Properties Group Closes Acquisition of 250k sf Carlsbad Campus in $258 Mil Sale/Leaseback
Oxford Properties Group has purchased Ionis Pharmaceuticals’ Campus, a 250k sf, state-of-the-art life sciences and corporate headquarter campus in Carlsbad, in a $258.4 mil sale/leaseback deal. The self-contained and fully am...
| Seattle Area Biz Campus Trades in $33 Mil Deal
Lakewood Business Park, a 136.4k sf, multi-tenant industrial park in Lakewood, WA, a submarket of Seattle, was purchased for $32.9 mil by a private 1031 exchange buyer. The multi-tenant industrial park was sold by MCA Realty,...
| Berkeley Partners Spends $25.5 Mil on AZ Industrial Portfolio
San Francisco-based Berkeley Partners purchased a 156.1k sf, light industrial portfolio located in Phoenix and Chandler, AZ for $25.5 mil ($163/sf). The portfolio comprises three buildings and was 100% leased to four tenants ...
| OC Industrial Trade Has a Price Tag of $61 Mil
In a recent SoCal industrial trade, Ares Management acquired an 8.38-acre industrial land parcel, including three industrial structures totaling 155k sf, in Fullerton. The assets were sold by B & K Investment Company for $61 ...
| New San Gabriel Valley Res Development Set to Open with 344 Units
Esperanza at Duarte Station, a new Class A 344-unit, five-story apartment in Duarte, is set to open its doors to the public, with pre-leasing now underway. The project is a development of MBK Rental Living.
The community is ...
| Westcore Closes $93 Mil Phoenix Industrial Buy
Westcore has acquired Central Logistics, a four-building, 1.09 msf industrial campus in the Central Phoenix area in a recent, $93.5 mil ($86/sf) transaction. The 24.9-acre asset was sold by Phoenix-based ViaWest Group.
| DB Capital Management Wraps Up $64 Mil Apartment Buy in Las Vegas
DB Capital Management closed on its first multifamily in Las Vegas, paying $64 mil for The Boulevard, a 296-unit apartment community located just 20 minutes from the Las Vegas Strip.
The Boulevard, which will be rebranded a...
| Two Multifamily Properties in Tucson Trade to New Owner in $65 Mil Deal
A portfolio of two multifamily assets in Tucson, AZ totaling 459 units was acquired by an unnamed investor for $65.15 mil, or $142k/unit. The assets were sold by San Diego-based Tower 16 Capital Partners.
Both assets receive...
| Seattle Res Community Trades for $104 Mil
624 Yale, a 206-unit luxury apartment community in Seattle, sold for $104 mil, or $505k/unit. Built in 2018, the property is located adjacent to I-5 in the city’s South Lake Union district.
The nine-story building was desig...
| JRK Property Holding Buys Palm Springs Resort Property
JRK Property Holding has acquired the 179-room Ace Hotel & Swim Club Palm Springs in Palm Springs, CA from an affiliate of GFI Capital.
JRK purchased the resort through its $350 mil Hospitality Fund, which focuses on cash-f...
| San Leandro Res Project Lands $69 Mil in Construction Money
Centro Callan, a brand-new, luxury mixed-use apartment project slated for development in San Leandro, is set to move forward after landing $69 mil in construction financing. The project is being developed by The Martin Group,...
| C.E. John Company Inc Obtains $61 Mil in Financing on OR Retail Center
C.E. John Company Inc has obtained $61 mil of permanent, long-term financing for Cedar Hills Crossing, a 477k sf retail center in Beaverton, OR. The center is anchored by several grocery and credit tenant operators, including...
| Magma Equities and Walker & Dunlop Investment Partners Close on 820-Unit Texas Multifamily Purchase
Magma Equities, in its first joint venture with Walker & Dunlop Investment Partners, has acquired a two-property, 820-unit suburban value-add multifamily portfolio in Texas from Moody National Companies in an off-market trans...
| San Diego Retail Center Sells in Two Deals Totaling $41.6 Mil
Shops at Palm Promenade, a 72.4k sf retail center in San Diego, traded hands for $41.6 mil in two separate transactions. The property is located at 756, 760, 762, 764, 780 and 804 Dennery Rd, east of I-805 and south of Palm A...
| Legacy Partners and Lionstone Investments Underway on Second Phase of Redevelopment of Redmond Square Shopping Center
Legacy Partners and Lionstone Investments have begun work on the second phase of the redevelopment of Redmond Square Shopping Center, a mixed-use project in the heart of Downtown Redmond, WA. The development is composed of 62...
| Vertical Construction Started on the Final Development Subphase at the Center at Needham Ranch in Santa Clarita
Vertical construction on the final subphase of development at the Center at Needham Ranch (CANR) in Santa Clarita is underway. The Center at Needham Ranch is being developed by a joint venture between Trammell Crow Company an...
| Vegas Area Multifamily Community Sold by Haven Realty Capital
Quinn Apartment Homes, a 237-unit garden-style multifamily community located in Las Vegas, was purchased by a Los Angeles-based real estate firm. The property was sold by Haven Realty Capital.
Built in 1991, the two-story co...