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June 24, 2024
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• San Jose Apartment Property Goes for $252k/Unit
5/15/23
Ranchero Palms, a 61-unit multifamily community in San Jose, traded hands for $15.38 mil, or $252k/unit. The property is located at 1175 Ranchero Way, west of San Tomas Expwy and south of I-280. Ranchero Palms has 45 one-bed...
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• Work Started on Class A Office Building in Seattle’s University District
5/12/23
Lincoln Property Company (“LPC”), Intercontinental Real Estate Corporation, University of Washington (“UW”), and Sound Transit have broken ground on the new University District Station Building, a 266k sf office project in th...
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• Ontario Multifamily Asset Trades for $50 Mil
5/12/23
The Landing Apartments, a 156-unit multifamily community in Ontario, was sold in a recent $50.5 mil ($323.7k/unit) transaction. The property is located at 3364 Honeybrook Way, west of I-15 and just south of Hwy 60. The Landi...
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• Coronado Plaza Sells for $955/sf
5/11/23
Coronado Plaza, a 41.9k sf mixed-use property in Coronado, sold for $40 mil ($955/sf). The property is located at 1300 – 1330 Orange Ave, steps from the water. The property is directly across R.H. Dana Place from the Hotel D...
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• InnVest Hotels Buys 189-Room Seattle Asset
5/11/23
InnVest Hotels recently acquired a notable asset in Seattle, purchasing Hotel Monaco, a 189-room luxury property in the city’s downtown. The property was sold by Pebblebrook Hotel Trust. The four-diamond Hotel Monaco is loca...
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• BKM Capital Partners Closes $25 Mil Purchase of San Fernando Valley Industrial Campus
5/10/23
BKM Capital Partners has purchased Valley East Industrial Park, and 84.4k sf light industrial park in North Hollywood, for $25.3 mil ($300/sf). Situated on over two acres at 7041 Vineland Ave, the property will be renamed Bac...
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• Denver Area Res Asset Lands $65 Mil in New Financing
5/09/23
Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
more » 

• Birtcher Development Breaks Ground on 330k sf Distribution Center in Fontana
5/08/23
Birtcher Development has broken ground on Birtcher Logistics Center Fontana, a 330k sf, state-of-the-art distribution facility in Fontana. The project is being built in partnership with Oltmans Construction and Tomorrow’s Tal...
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• Fully Leased R&D Facility in Sunnyvale Hits the Market
5/08/23
GI Partners has put on the market a 75.4k sf, mission-critical, fully leased R&D facility in Sunnyvale. The property, most recently renovated in 2015, is located at 825 Stewart Dr. The building is 100% leased to an American...
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• CRE Industry Icon John C. Cushman III Passes Away
5/05/23
John C. Cushman, III, an iconic name in the commercial real estate industry and a member of Cushman & Wakefield’s founding family, passed away on May 4, 2023 at the age of 82. Cushman’s career spanned 60 years. At the time o...
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• Greystar Real Estate Partners Starts Work on AZ Industrial Park
5/05/23
Greystar Real Estate Partners has broken ground on Caliber by Greystar, a three-building, Class A industrial park in Peoria, AZ. The project is the first element to break ground at Greystar’s Peoria Place, a $500 mil mixed-us...
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• Commercial Real Estate Financing Briefs
5/04/23
TALONVEST CAPITAL - Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler with Talonvest Capital closed a $65 mil, non-recourse bridge loan for a seven-asset, self-storage portfolio located in Texas, Florid...
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• Portfolio of Six LA-Area Multifamily Properties Sells in Three Deals Totaling $53.55 Mil
5/03/23
A six-property, L.A. County multi-housing portfolio sold for a total price of $53.55 mil in three separate transactions to different buyers. The assets were sold by a corporate fiduciary acting on behalf of an LLC. The apart...
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• Inland Empire Logistics Campus Trades in $325 Mil Transaction
5/02/23
Corona Lakeside Logistics Center, a 727.7k sf industrial asset in the Inland Empire city of Corona, has traded hands in a transaction valued at $325 mil ($447/sf). The recently completed, five-building industrial complex, loc...
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• Latest Signings by DrinkPAk Bring 1.7 msf The Center at Needham Ranch to Fully Leased
5/02/23
The Center at Needham Ranch (CANR), an award-winning, 1.7 msf industrial park developed by a joint venture between Trammell Crow Company and Clarion Partners in Santa Clarita, is fully leased ahead of delivery. DrinkPAK, a be...
more » 

• Prologis Inks Weee Deal in Santa Fe Springs
5/01/23
Weee! Inc, the leading Asian and Hispanic e-grocer in the U.S., inked a lease for Prologis Mid Counties Distribution Center, a 146.6k sf industrial facility in Santa Fe Springs. Weee! is expanding from their existing cold sto...
more » 

• Lincoln Property Company Starts Work on 1.59 msf Vegas-Area Industrial Development
4/28/23
Lincoln Property Company’s Southwest division, LPC Desert West, broke ground on Windsor Commerce Park, an eight-building, 86-acre Class A industrial project and LPC’s first-ever ground-up industrial endeavor in the state of N...
more » 

• Watermarke Properties Spends $22.5 Mil on OC Office Building
4/28/23
Watermarke Properties has purchased City Centre I, a 6.8-acre, multifamily redevelopment project in the City of Orange, for $22.5 mil. The asset is located at 625 The City Drive South, west of I-5 and adjacent to the south si...
more » 

• Master-Planned 34-Acre Development Site in the Santa Clarita Valley Offered for Sale
4/26/23
A 34.4-acre site known as The Bluffs at Valencia, located within the master-planned community of FivePoint Valencia in the Santa Clarita Valley, has been listed for sale. CBRE’s Craig Peters and Sam Glendon are marketing the ...
more » 

• 575-Key Arizona Hotel Property Trades in $110 Mil Deal
4/25/23
Southwest Value Partners purchased JW Marriott Tucson Starr Pass Resort & Spa, a 575-key resort in Tucson, AZ, in a $110 mil transaction. The property, located at 3800 West Starr Pass Blvd, was sold by Fortress Investment Gro...
more » 



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