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• Arizona Multifamily Community Purchased by Kairoi Residential / German American Realty Venture in a $161 Mil Deal
6/07/24
In a sizable institutional res buy in Arizona, a venture between Kairoi Residential and German American Realty, a fund and investment manager specializing in residential rental properties in the United States, acquired Carter...
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• Walker Family Breaks Ground on New 3.8 msf Class A Logistics and Cold Storage Development in Laredo, TX
6/06/24
The Walker Family has broken ground on Township Logistics Park at Talise (“TLPT”), a brand new 268-acre Class A logistics and cold storage development slated to total up to 3.8 msf of warehouse and distribution space in Lared...
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• EQT Exeter Wraps Up $70 Mil Washington Industrial Buy
6/06/24
EQT Exeter closed on a sizable industrial buy in the state of Washington, having paid $70.6 mil for Gayteway Business Park buildings B, C, F, and G. The four Class A industrial buildings total 365k sf ($193/sf) of space and s...
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• Empire Group of Companies Lands $47 Mil for Construction of Texas Build-to-Rent Project
6/05/24
Empire Group of Companies has obtained $47.4 mil in non-recourse financing for construction of Village at Mayfair, a 217-unit Build-to-Rent community in New Braunfels, TX. The project will be situated on nearly 20 acres withi...
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• Three-Building, 412k sf Peoria, AZ Industrial Project Completed
6/05/24
Caliber by Greystar, a three-building, Class A industrial development in Peoria, AZ, has been completed. Caliber marks the first development piece to deliver within Greystar’s $500 mil, 88-acre Peoria Place masterplan, which ...
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• Intercontinental Real Estate Corporation and Kennedy Wilson Spend $71.8 Mil on Stockton Industrial Facility
6/04/24
Stockton Commerce Center, a fully leased, 656k sf warehouse and distribution facility in the California Central Valley city of Stockton, was acquired by a joint venture of Intercontinental Real Estate Corporation and Kennedy ...
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• AMCAL Housing Nabs $101 Mil Refi on 335-Unit Res Community in Woodland Hills
6/03/24
AMCAL Housing, Gortikov Capital has obtained a $101 mil refi loan on The Clarendon, a 335-unit, Class A multifamily property in the western San Fernando Valley community of Woodland Hills.
Developed in 2020, The Clarendon of...
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• Chatham Lodging Trust Acquires 148-Room Hotel Property in Phoenix
6/03/24
Chatham Lodging Trust purchased the 148-room Home2 Suites by Hilton Phoenix Downtown in a $43.3 mil ($293k/room) transaction. The asset was sold by Anish Hotels Group.
Strategically located in the heart of downtown at 125 Ea...
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• Commercial Real Estate Financing Briefs
5/31/24
CBRE CAPITAL MARKETS - Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE's Capital Markets Debt and Structured Finance team secured a $44 mil refi loan on Queen Creek Commerce...
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• South OC Office Asset Traded in $42 Mil Deal
5/31/24
MicroVention, a neuroendovascular medical device company, has acquired 45 Enterprise, a 242.7k sf, high-rise office building in Aliso Viejo, for $42.25 mil, or $183/sf.
45 Enterprise is a nine-story vacant building built in...
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• Younan Properties Buys Phoenix Office High-Rise in $25 Mil Transaction
5/30/24
A 350k sf, high-rise office building in the heart of Midtown Phoenix was acquired by Younan Properties in a $24.5 mil ($70/sf) transaction. The property, 3200 Central, is fully renovated and offers new ownership an immediate ...
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• Advanced Real Estate Adds 68-Unit OC Res Community to Its X Fund
5/30/24
Advanced Real Estate has acquired Beachpoint, a 68-unit multifamily asset in Huntington Beach, in a recent $25 mil purchase. The property, which includes a 12k sf multi-tenant office building, will be added to Advanced’s X Fu...
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• Rexford Industrial Spends $143 Mil on Two SoCal Buys in May
5/30/24
Rexford Industrial Realty closed on two industrial property purchases in deals with a combined price of $143 mil during the month of May. The SoCal-based firm also completed the disposition of three properties for an aggregat...
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• PATH Ventures Finishes Supportive Housing Project in the City of Carson
5/29/24
PATH Ventures, a nonprofit affordable housing developer and service provider, has completed work on West Carson Villas, a $42.5 mil, 111-unit supportive housing project in the L.A. area city of Carson. The development was bui...
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• La Salle Investment Management Sells Two Playa Vista Office Assets for $75 Mil
5/29/24
La Salle Investment Management collected $75 mil from the sale of two office properties in Playa Vista. The assets were acquired by two different buyers in separate deals.
One of the properties, The Annex, a 131.9k sf low-ri...
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• Commercial Real Estate Financing Briefs
5/28/24
CBRE CAPITAL MARKETS - Mark McGovern, Brian Cruz, Morgon Fraser and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a $22.65 mil refi loan on Fiesta Plaza, a 187.3k sf, grocery-anchored retail...
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• First Link Apartments℠ in CA Has Started Leasing in Oakland
5/27/24
Link Apartments℠ Four12, a 157-unit res development in Oakland’s Jack London Square, has been completed and is now available for leasing. Located at 412 Madison St, the project is a development of Swenson, in partnershi...
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• Monterey Park Res Development Secures $15.5 Mil in C-PACE Financing
5/24/24
Whitmore Villa, a $52 mil multi-family housing development in the San Gabriel Valley city of Monterey Park, has received $15.5 mil in C-PACE financing. The project is being developed by Chateau Group on behalf of project spon...
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• Tempe Res Development Finishes Construction
5/23/24
Vero, a 199-unit, seven-story multifamily development in Tempe, AZ, has been completed. The project, located at 651 E. 6th St. in Tempe’s Novus Innovation Corridor, was developed by Transwestern Development Company (TDC®) and...
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• Community Preservation Partners Acquires 102-unit San Jose Senior Housing Project
5/22/24
CPP (Community Preservation Partners) has acquired Corinthian House, a 102-unit senior housing project in southwest San Jose, with plans to renovate the property. This is the fourth community in the Bay Area for CPP, jo...
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