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• German Investment Fund Pays Over $1,100/sf for Trophy Silicon Valley Office Building
11/07/22
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...
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• Creative Office/Flex Building in San Diego’s Rancho Bernardo Area Goes for $27.4 Mil
11/04/22
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...
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• Colorado Office Sale is an Epic Deal
11/04/22
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...
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• Oxford Properties Group Closes Acquisition of 250k sf Carlsbad Campus in $258 Mil Sale/Leaseback
11/03/22
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...
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• Seattle Area Biz Campus Trades in $33 Mil Deal
11/02/22
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,...
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• Berkeley Partners Spends $25.5 Mil on AZ Industrial Portfolio
11/01/22
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 ...
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• OC Industrial Trade Has a Price Tag of $61 Mil
10/31/22
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 ...
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• New San Gabriel Valley Res Development Set to Open with 344 Units
10/28/22
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 ...
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• Westcore Closes $93 Mil Phoenix Industrial Buy
10/28/22
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.
Duri...
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• DB Capital Management Wraps Up $64 Mil Apartment Buy in Las Vegas
10/27/22
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...
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• Two Multifamily Properties in Tucson Trade to New Owner in $65 Mil Deal
10/26/22
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...
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• Seattle Res Community Trades for $104 Mil
10/25/22
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...
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• JRK Property Holding Buys Palm Springs Resort Property
10/21/22
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...
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• San Leandro Res Project Lands $69 Mil in Construction Money
10/21/22
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,...
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• C.E. John Company Inc Obtains $61 Mil in Financing on OR Retail Center
10/20/22
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...
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• Magma Equities and Walker & Dunlop Investment Partners Close on 820-Unit Texas Multifamily Purchase
10/19/22
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...
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• San Diego Retail Center Sells in Two Deals Totaling $41.6 Mil
10/19/22
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...
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• Legacy Partners and Lionstone Investments Underway on Second Phase of Redevelopment of Redmond Square Shopping Center
10/18/22
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...
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• Vertical Construction Started on the Final Development Subphase at the Center at Needham Ranch in Santa Clarita
10/17/22
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...
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• Vegas Area Multifamily Community Sold by Haven Realty Capital
10/14/22
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...
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