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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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