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• Westcore Acquires 3.5 msf California Industrial Portfolio
8/29/23
Westcore, a leading industrial real estate acquisition, development and asset management firm, Westcore has acquired the 3.5 msf Odyssey Portfolio, comprised of industrial properties in Livermore, Valencia and Chino, Californ...
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• Inglewood Wingate by Wyndham Hotel Sells for $23.7 Mil
8/29/23
A 148-room Wingate by Wyndham Hotel in Inglewood traded hands in a $23.67 mil transaction. The property, located at 10300 La Cienega Blvd, near Los Angeles International Airport (LAX), fetched $159.9k per key. The buyer was I...
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• JRK Property Holdings Pays $93 Mil for 300-Unit Multifamily Community in San Jose
8/28/23
JRK Property Holdings has acquired Duo Apartments, a 301-unit Class A multifamily community in San Jose, for $93.5 mil ($310k/unit). The purchase was financed with a loan for $62 mil.
Duo marks the third acquisition out of ...
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• CapRock Partners Breaks Ground on 1.27 msf Spec Industrial Building in Visalia
8/25/23
CapRock Partners has broken ground on Building 1 at CapRock Central Point III, a new LEED-certified, 2.7 msf, four-building speculative industrial complex in Visalia. Building 1 will bring 1.27 msf of Class A logistics and di...
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• Escondido Retail Center Trades for $28.5 Mil
8/25/23
A 179.5k sf, Lowe’s-anchored shopping center in Escondido sold for $28.5 mil ($159/sf). The sale includes a separately parceled Panda Express with a drive-thru and fee simple ownership of a three-tenant retail building anchor...
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• Abacus Capital Group Makes $95 Mil Res Buy in Oregon
8/24/23
An affiliate of Abacus Capital Group purchased Lumina Apartments, a 440-unit multifamily community in Gresham, OR, for $96.7 mil ($220k/unit).
Located at 2700 W. Powell Blvd, Lumina was built in 1994 with unit renovations co...
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• Commercial Real Estate Financing Briefs
8/24/23
JLL CAPITAL MARKETS -- Olga Walsh and Jack Wood with JLL Capital Markets arranged a $28 mil construction take-out loan for Casa Verde, a 94-unit, modern, urban infill apartment community located in the North Park neighborhood...
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• DPI Retail Spends Over $29 Mil on Vacaville Property
8/23/23
DPI Retail purchased Power Plaza, a 112.3k sf, grocery-anchored, neighborhood retail center located in Vacaville, for $29.175 mil ($260/sf). The property was sold by ProEquity Asset Management.
Built in 1993 and 1994, the ...
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• Commercial Real Estate Financing Briefs
8/21/23
JLL CAPITAL MARKETS -- Chris Collins and Brad Vansant with JLL Capital Market arranged $16.7 mil in construction take-out financing for The Hobart, a 39-unit, Class A mid-rise multi-housing community located at 3050 W. 11th ...
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• San Diego Association of Governments Signs Lease for 87k sf at New Tower Development in Downtown San Diego
8/21/23
San Diego Association of Governments (SANDAG) has inked a lease for 87k sf of office space at West, a $450 mil, 37-story mixed-use project currently under development in downtown San Diego. The project is a development of Hol...
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• Work Wrapped Up on 296-Unit Res Project Near Downtown LA and USC
8/18/23
Cityview has completed work on Jasper, a 296-unit opportunity zone mixed-use project located less than two miles from downtown Los Angeles and adjacent to the University of Southern California. The highly amenitized, mixed-us...
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• Oakland Office High-Rise Lands $172 Mil in C-Pace Financing
8/17/23
TMG Partners has obtained $172 mil in Commercial Property Assessed Clean Energy (C-PACE) financing on 300 Lakeside Drive, a landmark office building in Oakland that serves as the headquarters for Pacific Gas & Electric Compan...
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• MIG Real Estate Closes $61 Mil Res Buy in Orange County
8/17/23
In a notable OC multifamily buy, MIG Real Estate LLC purchased Newport Palms, a 138-unit apartment complex in Costa Mesa, for $61.1 mil ($443k/unit). According to MIG, this is the largest multifamily investment in the city in...
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• Trammell Crow Company and Diamond Realty Investments Start Work on 1.186 msf Industrial Project in Washington
8/16/23
Construction has started on what we’re told will be the largest speculative industrial facility in the Pacific Northwest. Located at 2700 Talley Way in Kelso, WA, the 82-acre site will include 1.186 msf of industrial space. T...
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• Colorado Distribution Facility Bought for Just Under $30 Mil by Private Investor
8/16/23
Dove Valley Business Center, a 149.8k sf, warehouse distribution center in Englewood, CO, was traded to an undisclosed private investor in a $29.75 mil ($199/sf) transaction. The property was sold by Westcore.
Built in 2018...
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• $286 Mil Ontario Industrial Lease Recognized as SIOR Largest Transaction for 2022
8/15/23
The DAUM Commercial Real Estate Services team of Gus Andros, SIOR, Eric Fikse, SIOR, and Richard John, SIOR, has won the Society of Industrial and Office Realtors (SIOR) Top Transaction Award for the Largest Transaction Overa...
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• Presson Companies Buys 143k sf AZ Office Asset from LPC Desert West in $26.5 Mil Deal
8/15/23
Gainey Center, a three-story, 143.7k sf Class A office building in Scottsdale, AZ, was acquired by Presson Companies, headed by long-time Phoenix commercial real estate investor Daryl Burton, for $26.5 mil ($184/sf). The prop...
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• Seven-Property EoS Fitness Portfolio Trades for $94 Mil
8/14/23
A portfolio of seven single-tenant, EoS Fitness properties was acquired by a publicly traded REIT in a $94 mil transaction. Five of the assets are located in Arizona and two are in Florida.
The portfolio was comprised of thr...
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• KTI Hydraulics Inc Buys OC Hi-Tech Facility in $26.5 Mil Deal
8/11/23
KTI Hydraulics Inc purchased a 71.6k sf, high-tech manufacturing property in Tustin for $26.5 mil, or $370/sf. The property, located at 1311 Valencia Ave, was sold by Stos Partners.
Stos Partners acquired the asset in Decemb...
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• LBA realty Spends $37 Mil on Inland Empire Industrial Facility
8/10/23
LBA Realty purchased a 96.5k sf industrial building located on 4.7 acres of land in Fontana for $37 mil ($383/sf). The property, located at 16355-16381 Slover Ave, was sold by Newcastle Partners.
Newcastle completed construc...
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