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• Edgewood Real Estate Investment Trust Pays $85 Mil for Office Properties in Scottsdale, AZ
7/07/22
North Dakota-based Edgewood Real Estate Investment Trust acquired two office properties in Scottsdale, AZ totaling 269k sf for $85 mil ($316/sf). The properties were sold by Wentworth Property Company and Northwood Investors....
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• Legacy Partners Starts Work on 236-Unit Denver Res Project
7/06/22
Legacy Partners has broken ground on Araceli, a 236-unit apartment community in Denver. The project, which offers one- to three-bedroom-plus-den units feature built-in desks and workspaces to accommodate the new hybrid work m...
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• Pacific Urban Investors Closes $90 Mil Seattle Res Buy
7/05/22
In a recent Seattle res trade, Alley24 Apartments, a 172-unit multifamily asset in the city’s South Lake Union area, was acquired by Pacific Urban Investors for $90 mil, or $523k/unit. The property, located at 241 Yale Ave N,...
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• Cannae Partners Buys 128k sf Milpitas R&D Property
7/04/22
A partnership controlled by San Francisco-based Cannae Partners purchased a freestanding, 127.6k sf R&D property in Milpitas for $32.8 mil ($257/sf). The property, located at 275 S. Hillview, was sold by Analog Devices Inc, w...
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• OC Creative Office Campus Trades in $235 Mil Deal
6/30/22
In a major OC office buy, MetLife Investment Management and PGGM acquired Intersect, a four-building, 454k sf creative office campus in Irvine, for $235.25 mil ($518/sf). The property was sold by Hines. The purchase was finan...
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• Ridge Capital Investors & Westbrook Partners Purchase Silicon Valley Industrial Facility for $45 Mil
6/30/22
A joint venture between Ridge Capital Investors & Westbrook Partners has acquired a 258.1k sf, Class A industrial facility in Silicon Valley for $45 mil, or $174/sf. The structure, located on 14.7 acres at 755 Jarvis Drive wi...
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• Tri-Western Syndicated Investments Spent $32.7 Mil on Washington Retail Property
6/29/22
Tri-Western Syndicated Investments paid $32.7 mil for Alderwood Towne Center, a 105.4k sf ($310/sf) retail center in Lynnwood, WA. Tri-Western is a Bellevue-based private holding company controlled by the Radford family.
Lo...
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• Tishman Speyer Collects $205 Mil from El Segundo Office Sale
6/28/22
In a major office trade out of L.A.’s South Bay region, Tishman Speyer collected $205.5 mil from the sale of 555 Aviation, a 259.8k sf ($791/sf), low-rise office building in El Segundo that is 100% leased to Saatchi & Saatchi...
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• The Swig Company Purchases Seattle Office Property
6/28/22
The Swig Company purchased 1700 Westlake, a 90.6k sf, Class A office building in Seattle. Known as "The Lake Union Building," the property is located at 1700 Westlake Ave N, near the epicenter of Seattle's South Lake Union ar...
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• LPC Desert West to Build 1 msf Industrial Development Near Tucson International Airport
6/27/22
LPC Desert West plans to develop I-10 International, a Class A industrial development totaling over 1 msf in the Tucson, AZ airport submarket. LPC acquired the land, 77 acres just minutes from both Interstate 10 and Tucson In...
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• Work Gets Underway on New Seattle Res Tower
6/27/22
Work has started on a new 197k sf, nine-story, purpose-built life sciences development in downtown Seattle named 222 Fifth. The project is a joint venture between LPC West and Intercontinental Real Estate Corporation.
222 F...
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• Pahlisch Commercial Obtains $50 Mil for OR Res Development
6/24/22
Pahlisch Commercial has received a $50.8 mil senior loan for the ground-up construction of Henley Place, a 178-unit, six-story multifamily community located on SE Main Street in Milwaukie, OR, a suburb of Portland. The money ...
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• Office/Retail Building on Market Street in San Francisco Listed for Sale
6/23/22
A six-story plus basement, 50.9k sf office and retail building located on San Francisco’s Market Street has been put on the market. The property, 1049 Market, offers the buyer one of the first office-to-residential conversion...
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• Clear Capital Closes $82 Mil Multifamily Buy in the Inland Empire
6/23/22
Clear Capital purchased Foothill Ridge, a 232-unit apartment asset in Upland, for $82 mil, or $353.4k/unit. The property was sold by Virtu Investments.
Foothill Ridge Apartments is a garden-style apartment complex made up of...
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• Real Estate Development Associates LLC and Clarion Partners-Led Fund Land $210 Mil in Construction Money for Ontario Industrial Development
6/22/22
A joint venture between Newport Beach-based Real Estate Development Associates LLC and an industrial fund managed by Clarion Partners LLC has obtained $210 mil in construction financing for the development of the first phase ...
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• Company 3 Inks Lease for 70k sf in Hollywood
6/22/22
Company 3 has signed a 70.3k sf lease at Harlow, a four-story, 130k sf creative office building in Hollywood. Terms of the deal were not disclosed.
Company 3 is a global leader in post-production servicing its clients in col...
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• Blatteis & Schnur Venture Pays Over $1,800/sf for Tiffany & Co-Anchored Retail Property in Pasadena
6/21/22
A joint venture of Los Angeles-based Blatteis & Schnur and Hayward-based The Felson Companies has acquired the high street Tiffany and Shops, a 28.4k sf Tiffany & Co, Crate & Barrel and House of Hoops (Foot Locker)-anchored s...
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• Iconic 1960s Property in Scottsdale Undergoing a Major Redevelopment
6/21/22
The redevelopment of the iconic mixed-use Papago Plaza, recognizable to many long-time area residents for its Pueblo-style design dating to the 1960s, is taking shape as the area’s demographics are growing and the plaza gener...
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• Cortland Pays $74.75 Mil for 202-Unit Res Property in Scottsdale, AZ
6/20/22
Atlanta-based Cortland paid $74.75 mil for Centerra, a renovated 202-unit ($370k/unit) apartment community in Scottsdale, AZ. Built in 1986, the property was sold by a partnership between Edgehill and The Tanbic Company.
Cen...
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• Historic Ford Point R&D Campus in Richmond Sells in $104 Mil Deal
6/17/22
Ford Point, a historic 478.8k sf, high-end creative R&D asset in Richmond, CA, was acquired by New York-based Madison Capital and Meadow Partners in a $103.7 mil ($217/sf) transaction. The landmark waterfront property was sol...
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