|
• Decron Properties Acquires Phoenix-Area Res Community in $91 Mil Deal
7/29/22
Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, AZ, for $91 mil, or $421k/unit.
Completed earlier in 2022, The Wyatt offers a mix of one-, two-and t...
|
• Intercontinental Real Estate Corporation and Kennedy Wilson Pick Up Stockton Industrial Asset in $84 Mil Transaction
7/29/22
A joint venture between Intercontinental Real Estate Corporation and Kennedy Wilson has acquired Stockton Industrial Park, an 877.6k sf manufacturing and distribution facility in Stockton, CA, for $84 mil ($96/sf). The proper...
|
• Bay Area Res Community Trades in $193 Mil Deal
7/28/22
MG Properties acquired Eleanor Apartments, a 333-unit community in the Bay Area city of Milpitas, for $193 mil, or $580k/unit. The property is located at 312 Gates Dr, just north of Montague Expy about midway between I-880 an...
|
• Regent Properties Sells Three Carlsbad Properties in Two Deals Totaling Over $130 Mil
7/28/22
Regent Properties has collected $130.75 mil from two recent sales totaling three, Class A buildings in Carlsbad. One of the deals was for ATLAS, a 231k sf office/R&D campus, while the other sale was for two single-tenant crea...
|
• IndiCap and Invesco Announce Plans for 1.5 msf Biz Park Project in Glendale, AZ
7/27/22
IndiCap and Invesco have teamed up to develop Virgin Industrial Park, a two-phase, 110-acre Class A development in Glendale, AZ that will total more than 1.5 msf of space in five buildings. The project will bring IndiCap’s lo...
|
• Mesa, AZ Industrial Campus Traded Over Six Months for $208 Mil
7/27/22
An affiliate of Cohen Asset Management has acquired The Landing 3, 4 and 5 (“The Landing”), a brand new Class A industrial development totaling 858.9k sf on over 64 acres along E Ray Rd in Mesa, AZ. The property was sold by ...
|
• KB Investment and Development Company Buys 328-Unit Multifamily Property in Tempe, AZ
7/27/22
KB Investment and Development Company has acquired Skywater at Town Lake, a 328-unit multifamily community located at 601 W. Rio Salado Pkwy in Tempe, AZ. The purchase was financed with a first mortgage of $108 mil provided b...
|
• Vegas Office Building Trades for $387/sf
7/27/22
A 67.1k sf, Class A LEED-certified office property in Las Vegas sold for $26 mil ($387/sf). Located at 9075 W Diablo Dr, the three-story, the multi-tenant building is 97% leased to several notable credit tenants with strong l...
|
• Seattle Mixed-Use Development Secures Joint Venture Equity and $196 Mil in Construction Money
7/26/22
A development partnership made up of Touchstone, a Seattle developer, and Portman Holdings of Atlanta, has obtained joint venture equity and $196.2 mil in construction financing for Chapter Buildings I and II in Seattle. The ...
|
• Rexford Industrial Realty Completes $660 Mil of SoCal Industrial Buys
7/26/22
Rexford Industrial Realty closed on the acquisition of seven industrial properties for an aggregate purchase price of $660.9 mil. The purchases, made in June and July of this year, were funded using a combination of cash on h...
|
• Lift Partners Acquires Two Industrial Buildings in Kent, WA for $106 Mil
7/25/22
Lift Partners acquired two industrial buildings totaling 382k sf in Kent, WA for $106.1 mil ($278/sf) in an off-market deal. The warehousing facilities were sold by Holman Logistics.
As part of the deal, Holman will execute ...
|
• Gardner Blatt Completes $291 Mil Acquisition of Three-Building Salt Lake City Industrial Portfolio
7/22/22
Gardner Batt has sold the final asset of a three-building, 547.3k sf Class A industrial portfolio comprising three newly constructed industrial/logistics buildings in the Salt Lake City Metro Area. The trio of last-mile facil...
|
• The Opus Group Spends $49 Mil on 316 Acres of Development Land in the Denver Airport Area
7/22/22
The Opus Group acquired 316 acres of undeveloped land between Interstate 70 and Denver International Airport in Aurora, CO for $49.7 mil. Opus, in a joint venture with Principal Real Estate Investors, plans to build a 3.9 msf...
|
• California Capital & Investment Group Spends $38.5 Mil on Bay Area Office Building
7/21/22
California Capital & Investment Group has acquired The Terraces in Pleasant Hill, a six-story, 134.8k sf office property in Pleasant Hill, for $38.5 mil ($286/sf). The property was sold by Eagle Canyon Capital.
Located at 23...
|
• Creative Property in Downtown Los Angeles Lands $150 Mil Refi Loan
7/21/22
Greenbridge Finance and Deutsche Bank have co-originated $150 mil to refinance The Reef, an 800k sf creative campus environment in downtown Los Angeles.
Located at 1933 South Broadway near the 10 and 110 freeways and within...
|
• Schnitzer Properties Buys 163k sf AZ Retail Center
7/20/22
Schnitzer Properties paid $29 mil for Chandler Pavilions, a fully leased, 163.3k sf ($178/sf), high-traffic regional retail center in the Phoenix-area community of Chandler. The property was sold by Evergreen Devco Inc, which...
|
• BRIDGE Housing Secures $250 Mil in Financing from Morgan Stanley
7/20/22
BRIDGE Housing secured a $250 mil set-aside for project-level financing from Morgan Stanley and National Equity Fund (NEF) under a program that promotes affordable and workforce housing. This allocation serves as evidence of ...
|
• Redmond, WA Dev Parcel Goes for $35 Mil
7/19/22
A 100k sf land parcel in downtown Redmond, WA was sold in a deal worth $35 mil. The rectangular parcel, located at 16135 NE 85th St, near the geographic center of downtown Redmond, is fully entitled for development into 425 r...
|
• Two Newly Constructed Buildings Totaling 249k sf Trade at AZ Biz Park
7/18/22
A Chicago-based institutional investor purchased two buildings totaling 249k sf at Lotus Project – Phase II, a newly built industrial park in Chandler, AZ. They were sold by Conor Commercial Real Estate.
At the time of sale,...
|
• Hines Buys 24-Story Office Tower in Salt Lake City’s CBD
7/14/22
Hines purchased South Temple Tower, a 217k sf value-add office building located in the vibrant North End of Salt Lake City’s CBD, in an off-market transaction. Hines plans to transform the office property into a 255-unit luxu...
|
Return to the Home Page area
