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• Bascom Group Closes $127 Mil Purchase of Rancho Palos Verdes Res Community
2/28/25
The Bascom Group LLC has acquired Highridge Apartments, a 257-unit, value-add apartment community in the highly desirable SoCal coastal city of Ranchos Palos Verdes, in a $127 mil ($494k/unit) transaction. The property is loc...
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• Paso Robles Build-to-Rent Development Lands $116 Mil Refinancing
2/27/25
Adam Tancredi has obtained a $116.2 mil refi loan for the development of 214 build-for-rent homes located on 17 acres of land at 3138 Linne Road in Paso Robles, CA. The loan refinanced the existing acquisition debt, facilitat...
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• LBA Logistics Buys 220k sf Industrial Facility in Glendale, AZ
2/26/25
LBA Logistics has acquired Echo Park 303 – Building A, a newly built, 220.2k sf Class A industrial building on 13.7 acres in Glendale, AZ. The structure is 100% leased to HubStarr Logistics.
Situated in Phoenix’s booming Loo...
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• Multifamily Community in Modesto Fetches $276.5k/Unit
2/25/25
Summerview Apartments, a 136-unit multifamily property in California’s Central Valley, traded hands in a $37.6 mil ($276.5k/unit) transaction. The gated community is located at 3601 Prescott Rd, east of Hwy 99 and north of Hw...
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• OC Office Asset Trades in $37.6 Mil Deal
2/25/25
Pacific Tree Capital, an OC-based private investment entity, paid $37.6 mil for 2525 Main Street, a 143.3k sf office property on 3.73 acres in Irvine. The Orange County Airport Area property was nearly 98% leased to nine tena...
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• $35 Mil Irvine High School Performing Arts Center is Finished
2/24/25
Work has been completed on the Irvine High School Performing Arts Center, a cutting-edge facility designed to inspire creativity and support the performing arts. The $35 mil, 25k sf, single-story complex opened its doors to t...
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• Commercial Real Estate Financing Briefs
2/21/25
CBRE - Mike Walker, Jesse Weber, Andrew Behrens and Brad Zampa with CBRE’s Debt and Structured Financing team arranged $25 mil in financing for 88 Hillside Apartments, a 95-unit multifamily community in Daly City, on behalf o...
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• NexMetro Portfolio of Eight Assets Recapitalized with $66 Mil of Preferred Equity and $206 Mil of Agency Money
2/21/25
A portfolio of eight NexMetro assets has been recapitalized with Stockbridge investing $65.9 mil of preferred equity along with existing assumable agency financing of $206 mil. The transaction allows NexMetro to return capita...
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• Seattle Multifamily Asset Trades in $42 Mil Deal
2/20/25
Metro on First, a 106-unit apartment community in Seattle’s highly sought-after Queen Anne neighborhood, has sold for $42.6 mil, or $402k per unit. The property is located at 215 First Avenue W, just a couple of blocks in fro...
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• Upscale Res Project Finished in Mountain View
2/20/25
Avelle, a new upscale apartment community at the gateway to Mountain View in the Bay Area, has been completed and is now open. The 203-unit project, situated in the heart of Silicon Valley, includes 30 affordable homes. It wa...
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• Continental Realty Group Entity Pays $230k/Unit for AZ Res Community
2/19/25
Copper Point Apartments, a 107-unit multifamily community in Mesa, AZ, was purchased for $24.65 mil ($230.4k/unit) by Continental Realty Group, through its subsidiary Continental Realty Assets Ltd ("CRA"), a Denver-based mult...
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• Commercial Real Estate Financing Briefs
2/17/25
JLL CAPITAL MARKETS -- Jason Carlos with JLL Capital Markets arranged a $16.5 mil senior loan for Sterling Grove, a newly constructed Safeway-anchored retail center in Surprise, AZ. Developed in 2023 by Common Bond Developmen...
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• San Pedro Waterfront Development Lands $61 Mil Recapitalization
2/17/25
West Harbor, a planned 42-acre waterfront dining, entertainment and retail development adjacent to the Port of San Pedro, has been recapitalized with new financing of $61.5 mil. Located at 612 – 1422 S. Harbor Blvd, West Harb...
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• Landrock LP and Pendulum Property Partners Buy Class Office Building in Glendale for $56 Mil
2/14/25
In a Glendale office buy, a partnership between Landrock LP and Pendulum Property Partners purchased 505 North Brand Blvd, a 329.4k sf, recently renovated Class A tower. The price was about $56 mil, or $170/sf.
The building ...
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• WPT Capital Advisors Buys 1.1 msf of Warehouse Assets at Texas Industrial Campus
2/13/25
An affiliate of WPT Capital Advisors acquired two Class A, 100% leased warehouse buildings totaling 1.1 msf at Elizabeth Creek Gateway in North Fort Worth, TX. The purchase was financed with a loan for $72.4 mil provided by P...
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• Unique NoCal Planned Resort Development Listing Hits the Market
2/13/25
Paraiso Springs Resort, a 235-acre fully entitled, planned luxury resort and residential retreat in California’s Santa Lucia Highlands area, has been put on the market. The seller is a private family who has owned the propert...
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• Uber HQ Complex in San Francisco Refinanced with New Loan for $500 Mil
2/12/25
A two-building, 586.2k sf office complex in San Francisco’s Mission Bay neighborhood has been refinanced with a new loan for $500 mil. The property, located at 1655 and 1725 Third St, is owned by a joint venture between affil...
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• San Francisco Res Project Lands $108 Mil in Structured Debt
2/11/25
Presidio Bay Ventures has obtained $108.3 mil in structured debt to retire maturing construction financing for the Ventana Residences, a 193-unit, Class A multifamily community located at 99 Ocean Ave in San Francisco’s Outer...
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• Creative Office Building in Mission Viejo Fetches $24 Mil
2/10/25
Cerro, a 71.5k sf, Class A creative office building in Mission Viejo, traded in a $23.9 mil ($334/sf) transaction. The four-story, institutional-quality structure sits on 3.82 acres at 27401 Los Altos, east of I-5 and just no...
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• Work Completed on 97-Unit OR Res Project
2/10/25
Construction is now complete on Arts Plaza Apartments, a four-story, 97-unit mixed-use building in Gresham, OR. The $26 mil project, a development of Gibbins Kaplan Development and Capstone Partners, is located at 492 N.E. Se...
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