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• EQT Exeter Buys Two Industrial Facilities in American Canyon
11/20/24
EQT Exeter purchased two Class A industrial buildings totaling 1.35 msf in American Canyon, California. The price was not given out.
The assets, situated within Napa Logistics Park, include 1 Middleton Way, a 646k sf facilit...
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• Kennedy Wilson-Managed Fund Spends $110 Mil on Two Pac Northwest Res Communities
11/19/24
A real estate fund managed by Kennedy Wilson has acquired two multifamily communities -- Axle, a 226 multifamily community in Seattle, WA, and Denizen, a 212-unit multifamily community in Portland, OR – for a total of $110 mi...
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• High Street Residential Starts Work on 419-Unit AZ Res Development
11/19/24
High Street Residential has broken ground on a three-story, 419-unit Class A multifamily community in Hawes Crossing, a 1,100-acre master-planned community in Mesa, AZ. The project is expected to open in the summer of 2026.
...
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• AvalonBay Communities Picks Up 126-Unit TX Multifamily Property
11/18/24
AvalonBay Communities closed on a notable Texas res buy, acquiring Brisa Townhomes, a 126-unit townhome community located at 4810 Brisa Way in Bee Cave, just west of Austin. The community has been renamed Avalon Townhomes at ...
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• Rockefeller Group Finishes Work on 260k sf Distribution Center in the Inland Empire
11/18/24
Rockefeller Group has completed construction of a 260k sf distribution center on 14 acres in the Inland Empire city of Perris. The project, Patterson Commerce Center, includes 36’ clear ceiling heights, 56’ x 60’ column spac...
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• San Diego Multifamily Asset Trades for Over $82 Mil
11/15/24
Market Street Village Apartments, a 229-unit residential community in East Village, the fastest-growing neighborhood in Downtown San Diego, sold for $82.2 mil, or $359k/unit. The asset was sold by Equity Residential.
Located...
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• DECA Plans to Build 855k sf Distribution Facility in Perris
11/15/24
San Francisco-based DECA has announced plans to build a brand new 855.3k sf warehouse/distribution facility in Riverside County. The project, Perris Gateway, is a fully entitled, state-of-the-art speculative cross-dock develo...
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• High Street Residential and MetLife Investment Management Break Ground on New Seattle Res Community
11/14/24
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and capital partner MetLife Investment Management, have broken ground on a 244-unit residential community in Seattle. The seven-story, transi...
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• Orion Office REIT Buys NoCal Lab/R&D Asst in $35 Mil Deal
11/13/24
Orion Office REIT acquired Valent Innovation Center, a two-story, 96.5k sf R&D asset in the NoCal city of San Ramon, in a trade from a few weeks ago. The property sold for $35 mil, or about $360/sf.
Most recently renovated i...
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• Real Estate Development Associates and Clarion Partners Finish Work on 250k sf Industrial Project in Central L.A.
11/12/24
Construction has wrapped up on Union Commerce Center, a brand new 253.3k sf, Class A warehouse/distribution facility in central Los Angeles. Situated on over 11 acres at 3690 E Union Pacific Ave, the project was built by a ve...
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• Hyde Development and Mortenson Properties Buy 787k sf Salt Lake City Industrial Portfolio
11/12/24
Hyde Development and Mortenson Properties have teamed up in the purchase of the Salt Lake City Industrial Portfolio, a nine-building, 787k sf infill portfolio. The price was not disclosed.
The Portfolio is comprised of five ...
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• Portland Area Res Community Gets New Owner in $58 Mil Deal
11/12/24
Sonder Fields, a newly built, 180-unit community in Happy Valley, OR, traded hands in a $58.25 mil ($323.6k/unit) transaction. The property is located at 14798 SE Parklane Dr, roughly nine miles southeast of Portland.
Sonder...
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• Commercial Real Estate Financing Briefs
11/11/24
GANTRY -- Gantry’s George Mitsanas, Braden Turnbull and Austin Ridge secured a $55.9 mil purchase money permanent loan for the acquisition of the Huntington Oaks retail center located at 500-600 W. Huntington Dr in the city o...
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• MBK Rental Living Finishes Work on New NoCal Multifamily Community
11/08/24
MBK Rental Living has completed the development of The Haven at Deer Creek, a Class A, 134-unit multifamily community located at 495 N McDowell Blvd in the NoCal city of Petaluma, All of the buildings have solar power.
The...
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• Coastal Carlsbad Apartment Asset Sells for Over $500k/Unit
11/07/24
Dunbar Residential Investments, in partnership with Long Wharf Capital, acquired Pure Beach Living, a 40-unit residential property in Carlsbad, for $20.9 mil ($522.5k/unit). The property I located less than a half mile from t...
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• Cabot Properties Acquires 669k sf Inland Empire Industrial Portfolio
11/07/24
Cabot Properties has acquired the IE 4-Pack portfolio, a 669k sf industrial portfolio in the Inland Empire, from a private institutional seller for $202.1 mil ($302/sf). The properties are in the cities of Ontario, Fontana an...
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• Second Phase of Downtown Burbank Mixed-Use Development is Finished
11/06/24
The second phase of First Street Village in Burbank has been completed. The project is a modern, three-phase mixed-use apartment community located at the intersection of First St, and Magnolia Blvd in the city’s downtown.
T...
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• Construction Underway on 233k sf Industrial Project in Goodyear, AZ
11/06/24
Construction is underway on Merit Partners Inc’s Tex Industrial, a 17.2-acre project that will bring two new Class A, mid-size industrial buildings totaling about 233k sf to Merit’s PV303 master-planned business park in Goody...
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• InterCapital Group and Pamera North America Close 300-Unit Res Buy in Denver’s Uptown Neighborhood
11/05/24
One City Block, a 302-unit apartment community in Denver’s Uptown neighborhood, was acquired by InterCapital Group and Pamera North America. The property was 95% occupied at the time of sale. Although the price was not given ...
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• WPT Capital Advisors Entity Buys 500k sf Bay Area Industrial Asset
11/05/24
An affiliate of WPT Capital Advisors acquired a Class A, three-building, 517.9k sf industrial park in the Bay Area city of Richmond. The deal was financed with an $85 mil loan provided by PCCP LLC.
Built in 2015 and 2016, th...
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