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• Legacy Partners CEO W. Dean Henry Passes Away
8/18/22
Legacy Partners CEO W. Dean Henry passed away unexpectedly on August 8th. Henry had been Chief Executive Officer at Legacy Partners since 2012. Guy Hays, Legacy’s President, will now succeed him in the role of CEO while reta...
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• Private Investor Exchanges into $45 Mil Seattle Area Retail Buy
8/18/22
Lynnwood Crossroads, a 103.1k sf, dominant grocery-anchored shopping center in the Seattle suburb of Lynnwood, WA, traded in a $45 mil ($436/sf) deal. The buyer was Sakioka Farms, a privately held, high-net-worth family offi...
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• Federal Realty Investment Trust Closes $53 Mil Office Buy in Scottsdale
8/17/22
Federal Realty Investment Trust paid $53.6 mil for Scottsdale Forum, a 214k sf ($251/sf), Class A office building in Scottsdale, AZ. The property was sold by CapRidge Partners.
Recently renovated, Scottsdale Forum is a trop...
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• Portland Res Community Lands $75 Mil Refi
8/17/22
Heirloom, a 286-unit, Class A garden-style multifamily community located at 7900 SE Luther Rd in Portland, has been refinanced with a new senior loan provided by PCCP LLC for $75.5 mil. Developed by NBP Capital, the newly del...
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• Silver Star Real Estate Buys 304 Res Units in the Inland Empire
8/16/22
Silver Star Real Estate, a privately owned real estate company based in La Palma, has acquired Metro 3610, a 304-unit, value-add multifamily community in Riverside. Built in 1984, Metro 3610 sits on 15.2 acres at 3610 Banbury...
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• Langdon Park Capital Spends $48.6 Mil on San Gabriel Valley Multifamily Community
8/15/22
Atrium at West Covina, a 138-unit multifamily community in the central San Gabriel Valley, was purchased by Langdon Park Capital in a $48.6 mil ($352k/unit) transaction. This buy represents Langdon Park’s third Los Angeles ac...
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• MG Properties Group Buys Two Sacramento Multifamily Properties
8/15/22
MG Properties Group is further expanding its Sacramento presence with the acquisition of Eleanor and H16 Midtown Apartments, two multifamily communities totaling 190 units. The price was not given out.
The two newly combined...
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• New 217-Unit TX Apartment Complex Purchased by The Jacobson Company
8/12/22
In an off-market deal, The Jacobson Company purchased Atlantica at Burleson, a new, 217-unit Class A multifamily community in the Fort Worth, TX submarket of Burleson. The property is located at located at 285 SE John Jones D...
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• Phoenix Multifamily Property Sells for $36.5 Mil
8/11/22
Paradise Palms, a 130-unit, value-add multifamily community situated in the Biltmore/Uptown submarket of Phoenix, traded hands for $36.5 mil, or $281k/unit. The property was sold by Ogden Capital Partners LLC.
Constructed in...
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• Four-Building Distribution Project in the Seattle Area to Get Underway
8/11/22
Construction is about to get underway on four brand-new warehouse/distribution buildings that will bring over 2.3 msf of Class A supply to the Greater Seattle area. The project, FRED310, is being developed by a joint venture ...
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• Security Properties Picks Up 168-Unit OR Multifamily Property for $49.5 Mil
8/10/22
Seattle-based Security Properties has acquired Sienna Pointe Apartments, a 168-unit multifamily community in Bend, OR, for $49.5 mil ($295k/unit). The acquisition was financed with a loan for $31.4 mil.
Built in 1991, the ga...
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• Denver Buyer Spends $111 Mil on Tempe Multifamily Portfolio
8/09/22
A two-property, 369-unit multifamily portfolio in the Southeast Valley of Phoenix, sold for $111.75 mil ($303/sf). The buyer was Denver-based Jason McCool. It was sold by a joint venture between Avanti Residential and KKR Re...
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• Avanath Capital Management Closes on 1,032-Unit Res Portfolio Buy in the Sacramento Area
8/08/22
Avanath Capital Management LLC has acquired six affordable family and senior multifamily communities totaling 1,032 units in the Sacramento metropolitan area in an off-market transaction valued at more than $181.6 mil.
Th...
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• Recently Constructed Phoenix Office Building Sells for $573/sf
8/05/22
Camelback Collective, a recently constructed, 115.8k sf Class A office building in Phoenix, was acquired by Oklahoma City-based Humphreys Capital in a $66.35 mil transaction. The property was over 95% leased at the time of sa...
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• Phoenix Res High-Rise Traded in $93 Mil Transaction
8/04/22
44 Monroe, a 184-unit, luxury multifamily community in Phoenix, has traded for $93.5 mil ($508k/unit). Built in 2008, the property is located at 44 W. Monroe St, south of I-10 at Central Ave in the heart of the city’s downtow...
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• OC Flex Office Facility Sells in $91 Mil Deal
8/04/22
A 120k sf, single-tenant flex office building in the Tustin sold for $91 mil ($758/sf). The facility sits on just under six acres at 1382 Bell.
1382 Bell offers two stories of Class A, flex office space with generous window ...
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• Vesta Hospitality Pays $58 mil for Fee Simple and Leasehold Interests in Oregon Resort Property
8/03/22
In a notable hospitality buy out of the Pacific Northwest, Vancouver, WA-based Vesta Hospitality acquired the fee simple and leasehold interests in the Surfsand Resort, an irreplaceable and iconic beachfront resort located in...
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• Oaktree Capital Management, L.P. and MG Properties Close $320 Mil San Jose Multifamily Acquisition
8/03/22
A joint venture made up of funds managed by Oaktree Capital Management, L.P. and MG Properties has purchased The Platform Urban Apartments, a 551-unit multifamily community in San Jose, in a $320 mil transaction. Completed in...
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• Diversified Healthcare Trust Spends $82 mil on Bay Area Life Sciences Asset
8/02/22
Diversified Healthcare Trust (DHC) purchased Fremont Labs, a recently renovated, 89k sf Class A life sciences property in Fremont, for $82 mil ($921/sf).
Fremont Labs is positioned on a 4.7-acre site at 47071 Bayside Pkwy w...
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• San Diego Life Sciences Campus Lands $165 Mil Refi Loan
8/01/22
Genesis Science Center, a four-building, life sciences R&D campus totaling 252k sf owned by Phase 3 Real Estate Partners Inc and Bain Capital Real Estate in San Diego, was refinanced with a new loan for $165 mil. The three-ye...
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