|
• Construction Started on Res Development in the City of Walnut
3/25/24
Sunjoint Development has started construction on the Terraces at Walnut, a 49-acre mixed use development located on Valley Blvd in Walnut, CA. Construction of the first product type, a single family two-story unit, began in...
|
• Cohen Asset Management Spends Almost $22 Mil on New AZ industrial Facility
3/22/24
Cohen Asset Management has acquired Elwood Rising, a brand new, Class A spec industrial development totaling 120k sf in Goodyear, AZ. The asset was sold by Atlas Capital Partners for $21.8 mil ($182/sf).
Located in the grow...
|
• Waterford Property Company, The Vistria Group and Northern Liberties Acquire 395-Unit Multifamily Community in Dallas
3/21/24
Waterford Property Company, The Vistria Group and Northern Liberties, in partnership with the Dallas Housing Finance Corporation (DHFC), have acquired Domain at Midtown Park, a 395-unit class A multifamily community located ...
|
• Proposed Hollywood Creative Office Project Really Puts the Creative in Office
3/21/24
Los Angeles-based real estate development firm The Star LLC has submitted revised design plans for a proposed $1 bil “vertical creative office" campus on a two-acre lot at 6061 W. Sunset Blvd. The project is hoped to capture ...
|
• CapRock Partners Picks Up 319k sf Industrial Property in Arizona
3/20/24
CapRock Partners acquired Chandler Airport Business Park, a newly finished 318.7k sf, Class A industrial asset in Chandler, AZ. The property consists of four state-of-the-art freestanding warehouse buildings ranging in size f...
|
• Cityview Finishes Work on 378-Unit Res Project in Oakland’s Master-Planned Brooklyn Basin Area
3/20/24
Cityview has completed work on Portico – a 378-unit multifamily project in Oakland. Now welcoming residents, the eight-story opportunity zone project is located in the fast-growing Brooklyn Basin master-planned community.
Po...
|
• CBRE Investment Management and Hillwood Investment Properties Land $756 Mil in Financing for Fontana Industrial Development
3/19/24
A fund sponsored by CBRE Investment Management, in joint partnership with Hillwood Investment Properties, has secured an approximately $756 mil financing package for the construction of Phase I of Speedway Commerce Center. Th...
|
• Washington Logistics Development Obtains $150 Mil in Mezzanine Financing
3/19/24
Bridge Industrial has secured a $150 mil mezzanine loan to finance Bridge Point Tacoma, a 2.48 msf, Class A logistics development the firm is building in Tacoma, WA. The mezzanine loan, along with a $263 mil first mortgage co...
|
• Westfield and Reinsurance Group of America Buys 431k sf Denver Industrial Property
3/18/24
Centerpark, a 431.2k sf, Class A industrial project in Denver, was acquired by a joint venture of Westfield, a Denver based real estate investment and development firm, and Reinsurance Group of America (RGA), a leading global...
|
• Bradford Allen Hospitality Investments Buys AZ Hotel Asset in $23.7 Mil Deal
3/15/24
Chicago based Bradford Allen Hospitality Investments purchased the 100-room Aloft Glendale at Westgate hotel in Glendale, AZ in a $23.75 mil ($237.5k/room) transaction. The four-story hospitality asset is located at 6920 N 93...
|
• Malibu Mixed-Use Project is Refinanced with $135 Mil Take-Out Loan
3/13/24
Pacific Equity Properties recently obtained $135 mil in construction take-out financing on Cross Creek Ranch, a 122.3k sf, trophy, Class AA mixed-use property in Malibu. The property consists of 71.6k sf of retail and 50.7k s...
|
• Oberndorf Real Estate Management Affiliate and The Bascom Group Acquire 360-Unit CO Multifamily Community
3/13/24
An affiliate of Oberndorf Real Estate Management LP and The Bascom Group LLC have acquired Hearthstone at City Center, a 360-unit multifamily community in Aurora, CO, for $74 mil ($205.5k/unit). The asset is located at 932 So...
|
• Oregon Multifamily Community Refinanced with New $80 Mil Freddie Mac Loan
3/12/24
Horizon Realty Advisors has obtained an $80.5 mil refinancing of Chase Village, a 536-unit, garden-style multi-housing community located in Eugene, OR.
Built in 1990, Chase Village features one-, two- and three-bedroom units...
|
• Commercial Real Estate Financing Briefs
3/11/24
MARCUS & MILLICHAP CAPITAL CORPORATION - Zack Metzner, Daizy Gomez, and Linsey Farrahi with Marcus & Millichap Capital Corporation arranged $96 mil for the refinancing of three multi-tenant retail centers located in North Hol...
|
• IDEAL Capital Group Buys Phoenix Area Multifamily Community for $108 Mil
3/11/24
IDEAL Capital Group purchased Sentio, a 325-unit, LEED® Silver, Class A multifamily community in North Phoenix, in a $108 mil ($332.3k/unit) transaction. The property, located at 3600 W Happy Valley Rd in Glendale, was sold b...
|
• Huntington Beach Development Site Trades in $10.25 Mil Transaction
3/08/24
A one-acre redevelopment site in Huntington Beach sold for $10.25 mil. The site, located at 1810 Pacific Coast Highway, was acquired by WJK Development. The buyer plans to utilize the site to develop boutique luxury homes.
...
|
• PCCP LLC and Alliance Residential Purchase Santa Clara Res Community in $125 Mil Deal
3/07/24
A joint venture of PCCP LLC and Alliance Residential has acquired Prado, a 251-unit, mid-rise apartment community in Santa Clara for $125 mil ($498k/unit). Prado was built by SummerHill Homes and delivered in April 2021.
The...
|
• Kennedy Wilson’s Real Estate Debt Platform Reaches $7 Bil in Originations
3/06/24
Kennedy Wilson’s real estate debt investment platform more than doubled in size in the past year and has reached $7 bil in originations with a strong pipeline of new opportunities.
The milestone comes on the heels of Kenned...
|
• Helio Group Acquires Culver City Res Community with $40 Mil Loan
3/06/24
Helio Group recently purchased Cobalt Apartments, a 135-unit multi-housing asset with 14.8k sf of ground floor retail in Culver City, for about $68 mil. The deal was financed with an acquisition loan of $40 mil from a regiona...
|
• Multifamily Community Near Cal State Fresno Campus Sells for $30 Mil
3/05/24
The Victor, a 232-unit multifamily community, was purchased by a Central Valley-based private investment group in a recent $30 mil ($129.3k/unit) transaction. We’re told this marks the largest multifamily transaction to close...
|
Return to the Home Page area
