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• Carlsbad Industrial/Flex Facility Trades in $49.5 Mil Owner/User Buy
12/04/24
In a recent owner/user buy, IDEC Corporation purchased Studio 2200, a 233.2k sf freestanding industrial/flex building in Carlsbad, for $49.5 mil ($212/sf). IDEC is a leading manufacturer of industrial automation and control p...
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• Interstate Equities Corporation Picks Up 124-Unit Multifamily Community in the Seattle Area
12/04/24
Interstate Equities Corporation (IEC) has acquired The Marina at Martha Lake, a 124-unit garden-style community in Bothell, WA, for $34.75 mil ($280.2k/unit). Formerly known as Woodstone Apartments, the multifamily property w...
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• Construction Started on Vestar’s Verrado Marketplace in Buckeye, AZ
12/04/24
Vestar has broken ground on Verrado Marketplace, a 500k sf shopping center located at the northeast corner of the Interstate 10 Fwy and Verrado Way in Buckeye, AZ. The project is situated at the entrance to DMB Associates' 8,...
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• Tishman Speyer and Mitsui Fudosan America Start Work on Ground Up Industrial Project in Irvine
12/03/24
Tishman Speyer and Mitsui Fudosan America (MFA) have started construction on the first phase of Bake Freeway Business Park, a 380k sf, ground-up industrial development in Irvine.
The partnership has secured an $84.75 mil con...
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• Bay Area Office Building Lands $37 Mil Refi
12/02/24
Diamond Investment Properties has obtained a $37.75 mil refi loan for 101 Redwood Shores, a 100k sf, Class A office building located in Redwood City, CA. The new loan was originated by CBRE Capital Markets and funded through ...
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• Equity Residential Boosts Its Portfolio with 227-Unit Asset in Colorado
11/27/24
Aventine Littleton, a 227-unit Class A apartment community in Highlands Ranch, CO, was acquired by Equity Residential. The asset was sold by Century Living, the multifamily division of Century Communities, one of the nation’s...
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• BGO Buys 1 msf State-of-the-Art Distribution Facility in Arizona
11/26/24
Global real estate investment management firm BGO purchased a 1.056 msf, Class A warehouse/distribution building on nearly 60 acres in Buckeye, AZ on behalf of an institutional investor. The single-tenant facility, Paloma Vis...
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• The Lightstone Group Pays $82 Mil for Washington Retail Center
11/25/24
The Lightstone Group, out of New York, has purchased The Outlet Collection Seattle, a 919.4k sf retail asset in the Seattle area, for $82 mil ($89/sf). Located at 1101 Outlet Collection Way in Auburn, roughly 25 miles south o...
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• Bonnani Development Secures $108 Mil Recapitalization on Recently Completed OC Res Development
11/21/24
Bonnani Development has obtained $108.38 mil in total capital for the VRV, their recently completed, 300-unit luxury apartment property in the OC city of Stanton. The financing was arranged by BWE and includes an $88.38 mil s...
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• San Diego County Water Authority Spends $38.7 Mil on New Industrial Facility in Escondido
11/21/24
San Diego County Water Authority purchased a newly completed, 88.6k sf freestanding industrial building on 9.5 acres in Escondido in a $38.76 mil transaction. The asset was sold by RPG in a deal that works out to $437/sf.
T...
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• INDUS Realty Trust Buys 393k sf Distribution Facility in Phoenix’s Airport Submarket
11/20/24
Phoenix Airport Logistics, a 393.5k sf, Class A warehouse/distribution building in Phoenix’s sought-after Airport submarket, was acquired by INDUS Realty Trust Inc, a U.S.-based logistics real estate business. Located at 333...
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• EQT Exeter Buys Two Industrial Facilities in American Canyon
11/20/24
EQT Exeter purchased two Class A industrial buildings totaling 1.35 msf in American Canyon, California. The price was not given out.
The assets, situated within Napa Logistics Park, include 1 Middleton Way, a 646k sf facilit...
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• Kennedy Wilson-Managed Fund Spends $110 Mil on Two Pac Northwest Res Communities
11/19/24
A real estate fund managed by Kennedy Wilson has acquired two multifamily communities -- Axle, a 226 multifamily community in Seattle, WA, and Denizen, a 212-unit multifamily community in Portland, OR – for a total of $110 mi...
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• High Street Residential Starts Work on 419-Unit AZ Res Development
11/19/24
High Street Residential has broken ground on a three-story, 419-unit Class A multifamily community in Hawes Crossing, a 1,100-acre master-planned community in Mesa, AZ. The project is expected to open in the summer of 2026.
...
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• AvalonBay Communities Picks Up 126-Unit TX Multifamily Property
11/18/24
AvalonBay Communities closed on a notable Texas res buy, acquiring Brisa Townhomes, a 126-unit townhome community located at 4810 Brisa Way in Bee Cave, just west of Austin. The community has been renamed Avalon Townhomes at ...
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• Rockefeller Group Finishes Work on 260k sf Distribution Center in the Inland Empire
11/18/24
Rockefeller Group has completed construction of a 260k sf distribution center on 14 acres in the Inland Empire city of Perris. The project, Patterson Commerce Center, includes 36’ clear ceiling heights, 56’ x 60’ column spac...
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• San Diego Multifamily Asset Trades for Over $82 Mil
11/15/24
Market Street Village Apartments, a 229-unit residential community in East Village, the fastest-growing neighborhood in Downtown San Diego, sold for $82.2 mil, or $359k/unit. The asset was sold by Equity Residential.
Located...
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• DECA Plans to Build 855k sf Distribution Facility in Perris
11/15/24
San Francisco-based DECA has announced plans to build a brand new 855.3k sf warehouse/distribution facility in Riverside County. The project, Perris Gateway, is a fully entitled, state-of-the-art speculative cross-dock develo...
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• High Street Residential and MetLife Investment Management Break Ground on New Seattle Res Community
11/14/24
High Street Residential (HSR), the residential subsidiary of Trammell Crow Company, and capital partner MetLife Investment Management, have broken ground on a 244-unit residential community in Seattle. The seven-story, transi...
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• Orion Office REIT Buys NoCal Lab/R&D Asst in $35 Mil Deal
11/13/24
Orion Office REIT acquired Valent Innovation Center, a two-story, 96.5k sf R&D asset in the NoCal city of San Ramon, in a trade from a few weeks ago. The property sold for $35 mil, or about $360/sf.
Most recently renovated i...
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