| GLP Capital Partners Completes $90 Mil Inland Empire Purchase
GLP Capital Partners has closed out 2022 with the purchase of a 354.8k sf, single-tenant, NNN, Class-A Industrial facility in the Inland Empire for $90 mil ($254/sf). The asset is located at 251 E. Rider St, east of I-215 in ...
| Burrell Aviation to Market National Portfolio of On-Airfield Build-to-Suit Development Sites at Strategic Airports Across the U.S
Burrell Aviation LLC has awarded Cushman & Wakefield the marketing assignment for a significant portfolio of airport properties suitable for near-term development for a variety of aviation related business. The portfolio repr...
| San Jose R&D Asset Trades in $41.5 Mil Deal
WF Batton Management Company bought Valley Research Center, a 129k sf R&D campus in North San Jose in a $41.5 mil ($322/sf) transaction.
Valley Research Center is comprised of two 64.5k sf buildings, which were renovated in ...
| Thousand Oaks Retail Center Refinanced with New Loan for $84.7 Mil
Janss Marketplace, a 456.4k sf, grocery-anchored regional retail center in Thousand Oaks, has been refinanced with a new loan for $84.7 mil. The center, located at 165-401 N Moorpark Rd, near the 101 Fwy in the Conejo Valley,...
| Longfellow Real Estate Partners to Develop 316k sf Life Sciences Facility on Four-Acre Sorrento Mesa Site
Longfellow Real Estate Partners has secured $202 mil in financing for Bioterra, a new, 316k sf life sciences facility to be built as a redevelopment of a 4.14-acre site in San Diego’s Sorrento Mesa area.
The site originally...
| Boardwalk Investments Group Lands $245 Mil Refi on Mixed CA Portfolio
Boardwalk Investments Group has secured $245 mil in refi money on a CA portfolio that includes: an iconic Napa Valley hotel property; three Class A coastal Orange County retail centers; a Class A multi-housing community locat...
| Seattle Res Development Lands $110 Mil Refi
Low Tide Properties and Continental Properties LLC have secured $110 mil in refinancing on Met Tower, a 366-unit, luxury multifamily project in downtown Seattle. The development, located at 1942 Westlake Ave, offers residents...
| Alta Housing Opens New Affordable Housing Project in Palo Alto
Wilton Court Apartments, a new res development by Alta Housing in Silicon Valley, has been completed and is now open to the public. Located at 3705 El Camino Real in Palo Alto, Wilton Court Apartments is Alta Housing’s first...
| Work Started on Res Community in San Pedro Waterfront Arts District
Construction recently got underway on Vivo on Harbor, a new waterfront residential community in Los Angeles. Located in the San Pedro Waterfront Arts District neighborhood at the gateway to the Port of Los Angeles, the projec...
| Inland Empire Industrial Facility Acquired for $59 Mil by Ares Management Fund
A 205.6k sf industrial building in the Inland Empire city of Perris was purchased for $59.275 mil ($288/sf) by a fund managed by Ares Management. The facility is fully leased to GPA Logistics.
Built in 2022, the facility is...
| Private Investors Trade 237-Unit Visalia Multifamily Property in $50 Mil Deal
Oak View Apartments, a 237-unit garden-style multifamily community in Visalia, was purchased by a SoCal-based private investor in a recent $50 mil ($211k/unit) transaction. The asset was fully occupied at time of sale.
| Third Security LLC Developing 42-Acre Industrial Project in Washington
Third Security LLC is readying to start work on Moses Lake Commerce center, a brand new 42-acre industrial development adjacent to Grant County International Airport in Moses Lake, WA. Initial work on the project will be cons...
| Crescent Real Estate LLC Completes $180 Mil Disposition of 1 msf Colorado Springs Office Portfolio
Crescent Real Estate LLC has collected a total of $180 mil from the strategic disposition of a 1.02 msf, Class A office portfolio in Colorado Springs, CO to multiple buyers over the past four years. The portfolio comprises 13...
| DivcoWest Picks Up 130k sf Office Building in San Diego
DivcoWest has obtained $40 mil in financing for the acquisition of Northridge Summit, a 129.9k sf, Class A office building in San Diego.
Completed in 2000, Northridge Summit is fully leased to an AA+ credit technology tenant...
| EDENS Picks Up LA. County Retail Portfolio for $136 Mil
EDENS has acquired a portfolio of three grocery-anchored shopping centers comprising over 400k sf in Los Angeles County for a price of $136.8 mil, or around $340/sf. The properties were sold by Combined Properties Inc.
| Inland Empire Distribution Facility Trades in $220 Mil Deal
A 760k sf warehouse facility in the western Inland Empire city of Eastvale traded in a $220 mil ($290/sf) transaction. The property, situated on roughly 43 acres at 13000 Mission Blvd, was purchased by New Jersey-based NFI In...
| North San Diego County Office Portfolio Gets New Owner in $14 Mil Deal
A 70.3k sf, multi-tenant Class A office portfolio in the San Diego County cities of Vista and Carlsbad were acquired by Wimatex Inc in a $13.94 mil deal. Located at 1800 Thibodo Rd and 1959 Palomar Oaks Way, the two-building ...
| Vici Properties Acquires Blackstone’s Interest in Two Hotels on the Vegas Strip
Blackstone Real Estate Income Trust Inc (BREIT) and VICI Properties Inc (VICI) have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and...
| New 281-Unit Res Community in Lakewood, CO is Finished
Traverse Apartments, a 281-unit, Class A apartment community in Lakewood, CO, has opened its doors to the public. Located between downtown Denver and the Rockies, an area experiencing a housing shortage, Traverse Apartments i...
| Work Started on 2.25 msf Logistics Campus in Calimesa
Construction is underway on Birtcher Oak Valley Commerce Center, a four-building, 2.25 msf Class A logistics project being built by Birtcher Development in Calimesa, CA. The state-of-the-art distribution campus is designed to...