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• Work Completed on New Springhill Suites by Marriott Hotel in Chula Vista
3/27/24
Construction has been completed on a 179-room Springhill Suites by Marriott in eastern Chula Vista, CA. The new 127.6k sf, all-suite hotel is located at 870 District Pl, in the city’s Eastlake area. The project was built for ...
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• Commonwealth Development Corporation and WNC & Associates to Build Affordable Housing Community in Oregon
3/27/24
Commonwealth Development Corporation and WNC & Associates have teamed up to build Pacific Flats, an all-new affordable housing community in Phoenix, OR. The property will include five three-story residential buildings compris...
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• R&V Management and Trammell Crow Residential Secure $200 Mil for Construction of a 600-Unit Res Project in Downtown Long Beach
3/26/24
A major residential development in downtown Long Beach is closer to getting underway, as R&V Management and Trammell Crow Residential (TCR) have obtained $200 mil in financing for Alexan West End, a 600-unit multifamily commu...
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• King Street Properties Underway with 60k sf Spec Life Sciences Project in Sorrento Mesa
3/26/24
King Street Properties has unveiled plans for a new 60k sf, spec lab and life sciences redevelopment, Mesa Labworks, in San Diego’s Sorrento Mesa submarket. King Street is converting the existing single-story building located...
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• Commercial Real Estate Financing Briefs
3/25/24
CBRE -- CBRE's Bob Ybarra, Shaun Moothart, Bruce Francis, Doug Birrell, Nick Santangelo and Jim Korinek arranged a $43 mil refi loan on El Paseo Shopping Center, a 300k sf retail center in South Gate. The five-year, full-term...
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• 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...
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• 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...
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• 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 ...
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• 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 ...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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