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• JRK Property Holdings Initiates its Newly Closed $1 Bil Platform V Multifamily Fund with $168.5 Mil in Acquisitions
1/12/23
JRK Property Holdings has acquired Residences at Park Place, a 258-unit luxury mid-rise apartment and townhome community in the preeminent Kansas City suburb of Leawood, KS, from VanTrust Real Estate. JRK is also under contr...
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• Colorado Springs Office Portfolio Traded in $54 Mil Deal
1/12/23
A private partnership acquired a 289k sf, Class A office/flex and industrial manufacturing/distribution portfolio in Colorado Springs, CO for $54.3 mil ($188/sf). The portfolio, consisting of two adjacent buildings, was sold ...
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• DIV Industrial to Develop 1.7 msf Industrial Complex in Las Vegas
1/11/23
DIV Industrial has acquired 94.04 acres of land within Las Vegas’ El Dorado Valley for the development of El Dorado Valley Logistics Center, a new 1.7 msf, Class A industrial complex. At completion, the cutting-edge, LEED-cer...
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• Rexford Industrial Realty Spends $484/sf on OC Creative Office Structure
1/11/23
Rexford Industrial Realty purchased an 82.6k sf creative office building in Irvine for $40 mil ($484/sf). The property is fully leased to Fox Head Inc, which was recently acquired by Vista Outdoor, the parent company of over ...
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• Optima Spends $44.75 Mil on AZ Res Dev Site
1/10/23
Optima paid $44.75 mil for a 22-acre development site on the southeast corner of Scottsdale Rd and the Loop 101 freeway in Scottsdale, AZ. Chicago-based Optima is planning to build a new luxury mixed-use residential project n...
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• MGR Real Estate Closes $39 Mil Inland Empire Office Buy
1/09/23
MGR Real Estate has purchased Ontario Airport Tower, a 147.7k sf, Class A office tower in Ontario, for $39 mil, or $264/sf. The six-story, LEED-Silver Certified building is located at 2855 East Guasti Rd, east of Archibald Av...
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• Rexford Industrial Realty Completes $336 Mil of SoCal Acquisitions in Fourth Quarter 2022
1/09/23
Rexford Industrial Realty Inc recently ten industrial properties for an aggregate purchase price of $336.2 mil during the fourth quarter of 2022. The transactions were funded using a combination of cash on hand and proceeds f...
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• Third Phase of 1.1 msf Spectrum Terrace in Irvine Completed
1/06/23
The Irvine Company has completed work on the third and final phase of Spectrum Terrace, a 1.1 msf office campus within the Irvine Spectrum. Located at the confluence of I-405 and Hwy 133 in Irvine, the state-of-the-market dev...
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• Avanath Capital Management Spends $131 Mil on 297-Unit Bay Area Affordable Housing Portfolio
1/05/23
Avanath Capital Management LLC has acquired the Novato Portfolio, comprising two LIHTC rental apartment properties totaling 297 units in the Bay Area submarket of Novato, for $131.5 mil ($443k/unit). Purchased with equity fro...
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• Healthcare Property Advisors Spends $80 Mil on Brea Office/Medical Property
1/04/23
Healthcare Property Advisors (HPA) has acquired Imperial Mariner, a four-building, 288.2k sf office / medical office campus in Brea, for $80 mil ($277.50/sf). The purchase was financed with an acquisition loan for $44 mil.
I...
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• Burbank Biz Campus Sold in $37 Mil Transaction
1/04/23
Montana Avenue Capital closed out 2022 with the purchase of 2777 North Ontario Street, a 127.1k sf office and industrial campus located in Burbank, for $37 mil, or $291/sf. The asset was sold by a joint venture between Washin...
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• Seattle Children’s Hospital Buys 477k sf of Washington Office Assets in $84 Mil Deal
1/03/23
Seattle Children’s Hospital purchased Southgate Campus, a two-building, Class A office campus totaling 268k sf and Valley Office Park, a four-building 209k sf office park, in Renton, WA for a total price of $84 mil. The asset...
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• Transnational Management Spends $23.7 Mil on WA Retail Asset
1/03/23
Transnational Management closed out 2023 with the acquisition of Greentree Plaza, an 83k sf shopping center in Everett, WA, for $23.7 mil.
Located at 305-505 SE Everett Mall Way, along Everett’s busiest commercial arterial b...
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• Transwestern Ventures to Develop 375k sf Life Sciences Campus in Vacaville
12/30/22
Transwestern Ventures and Transwestern Real Estate Services are preparing to move forward with development of Axiom Point, a 375k sf, state-of-the-art biomanufacturing campus in the Bay Area city of Vacaville. Plans for the n...
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• Rams Owner Kroenke Spends $325 Mil on Woodland Hills Retail Center
12/29/22
Los Angeles Rams’ owner Stan Kroenke closed on a large property acquisition in the San Fernando Valley, paying $325 mil for The Village, a 600k sf outdoor retail center in Warner Center. The property was sold by Unibail-Rodam...
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• Commercial Real Estate Financing Briefs
12/27/22
Sonnenblick-Eichner Company -- Sonnenblick-Eichner Company arranged $22 mil of non-recourse first mortgage financing for the leasehold interest in the Doubletree by Hilton Los Angeles-Commerce, a 201-room hotel located in the...
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• Commercial Real Estate Financing Briefs
12/23/22
Cushman & Wakefield -- Lovett Industrial has secured $23.26 mil in construction financing for Broadway Logistics Center, a 201.3k sf, best-in-class industrial project in northwest Denver. The property is located in the city’s...
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• Grocery-Anchored Retail Center in Lahaina, Hawaii Trades in $37 Mil Deal
12/23/22
Westlake Village-based U.S. Realty Partners Inc closed on a $37.25 mil retail buy in Hawaii, purchasing Lahaina Gateway, a 136k sf ($274/sf), grocery-anchored center in Lahaina.
Lahaina Gateway is one of the newest shopping ...
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• Logistics Plus Leases New 1.16 msf Facility in Arizona
12/22/22
In a big AZ industrial lease, Logistics Plus Inc signed a deal for a 1.16 msf building at the Sarival Logistics Center industrial development in Glendale. The building was constructed on a speculative basis and represents the...
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• Buchanan Street Partners Pays $28 Mil for South OC Office Property
12/21/22
Buchanan Street Partners paid $28.1 mil for Oakbrook Plaza, a four-story, 120.4k sf ($233/sf) office property in Laguna Hills. The building was sold by a New York City-based fund manager in an off-market transaction.
The pro...
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