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• Vegas Area Multifamily Community Sold by Haven Realty Capital
10/14/22
Quinn Apartment Homes, a 237-unit garden-style multifamily community located in Las Vegas, was purchased by a Los Angeles-based real estate firm. The property was sold by Haven Realty Capital.
Built in 1991, the two-story co...
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• Saunders Commercial Development Company and Winslow Investments Break Ground on 1 msf CO Industrial Project
10/13/22
Saunders Commercial Development Company and Winslow Investments have broken ground on Boyd Lake Commerce Center, an industrial manufacturing and distribution project in Loveland (Fort Collins), CO totaling 1 msf when fully bu...
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• Westminster Res Development Completed
10/13/22
Bolsa Row Apartments, a 234k sf, 200-unit residential mixed-use project in Westminster, has been completed. The development will serve as the gateway to the city’s vibrant and culturally significant Little Saigon District, ho...
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• Oregon Multifamily Property Sold in $124 Mil Transaction
10/12/22
One Jefferson, a 347-unit multifamily community in Lake Oswego, OR, traded hands in a recent $124 mil ($357.3k/unit) transaction. The asset was sold by a Security Properties-related joint venture.
Built in 1986, One Jefferso...
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• Griffis Residential Spends $115 Mil on Colorado Multifamily Community
10/11/22
In an institutional multifamily investment deal out of Colorado, Griffis Residential acquired Peakview Apartments, a 304-unit community in Centennial, for $115 mil, or $378k/unit. The property was sold by Denver-based EverWes...
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• Santa Monica Affordable Res Property Portfolio Lands $141 Mil Recapitalization
10/11/22
WS Communities LLC has secured a $141.4 mil recapitalization of its Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica. The recapitalization, consisting of...
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• NBP Capital to Start Work on 271-Unit Res Project in Portland
10/10/22
NBP Capital anticipates starting construction in the fourth quarter of 2022 on Sunshine Dairy, a 271-unit, seven-story, podium-style apartment project located at 801 NE 21st Avenue in Portland, OR. The company has obtained $6...
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• North Palisade Partners Buys 6.4-Acre Industrial Dev Site in Nevada
10/07/22
North Palisade Partners acquired a nearly 6.4-acre site in the Reno, NV area, where it plans to develop Palisade Wild Horse Commerce Center, a 141.9k sf, Class A industrial property. The property, located at 99 Wild Horse Can...
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• Moxion Power Leases 130k sf at Ford Point in Richmond
10/06/22
Moxion Power, a Y Combinator-backed, vertically integrated manufacturer of mobile energy storage systems, has inked a lease for 130k sf of space at Ford Point, a historic 478.8k sf Advanced Manufacturing and R&D industrial wa...
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• Sandstone Properties Inc Secures $28 Mil on Woodland Hills Property
10/05/22
Sandstone Properties Inc has obtained a $28 mil loan to refinance an existing loan and to finance the pre-development of a 35-story multifamily development and four-story hotel conversion in Woodland Hills. The loan was provi...
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• USAA Real Estate and McDonald Property Group Break Ground on 1.8 msf Distribution Center in Beaumont
10/04/22
USAA Real Estate and McDonald Property Group have broken ground on a 1.8 msf distribution center for United Legwear & Apparel Company LLC (ULAC) in Beaumont, CA. ULAC specializes in legwear, bodywear, apparel, and accessorie...
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• Prologis Completes Acquisition of Duke Realty Corporation
10/04/22
Prologis Inc has completed its all-stock acquisition of Duke Realty Corporation following approval by the shareholders of Prologis and Duke Realty. Valued at approximately $23 bil, including the assumption of debt, the comple...
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• Two Res Communities Totaling 155 Units in Seattle Fetch $41.5 Mil
10/03/22
Two multifamily properties totaling 155 units in Seattle’s Ballard neighborhood traded for $41.5 mil ($268k/unit). The properties, the Belay and Noba apartments, were sold by Intercontinental Real Estate Corporation.
The apa...
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• Hollywood’s Television Center Property to Be Redeveloped into a 620k sf Studio Campus
9/30/22
In news of a major L.A. area production studio development, BARDAS Investment Group and Bain Capital Real Estate plan to redevelop the former Television Center property in the heart of Hollywood into a modern, 620k sf urban s...
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• Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22
L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
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• New 97-Unit Res Community Completed in Hayward
9/29/22
Construction has finished at Legacy at Hayward, a four-story, 97-unit luxury apartment community in Hayward. The project, a development of Legacy Partners and Corebridge Real Estate Investors, is located in the hills at 28168...
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• The University of California Los Angeles to Acquire Former Marymount California University Campus in $80 Mil Deal
9/29/22
The University of California Los Angeles (UCLA) is acquiring the former Marymount California University (MCU) campus in Southern California in an effort to educate more students, as mandated by the University of California Bo...
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• Glendale Office to Res Tower Conversion Completed
9/29/22
Arista Glendale Phase I, an eight-story luxury multifamily rental high-rise with 53 apartment homes in Glendale, has been completed and is set to open to the public. The project, located at 520 N. Central Ave, is a conversion...
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• Hyatt Place Los Angeles / LAX / El Segundo Hotel Sells for $49 Mil
9/28/22
Hyatt Place Los Angeles / LAX / El Segundo, a 143-key, select-service hotel in El Segundo, traded in a recent transaction with a $49 mil ($342.7k/room) price tag. The buyer was El Segundo-based Welcome Group Inc.
Located at ...
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• IDS Real Estate Group Acquires 1.17 msf Cold Storage Facility in Riverside
9/27/22
IDS Real Estate Group has obtained $124 mil in post-close acquisition financing for 14950 Meridian Parkway, a 1.17 msf cold storage facility the firm purchased in Riverside.
The property is 100% leased to United Natural Food...
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