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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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• Commercial Real Estate Financing Briefs
2/07/25
AVATAR FINANCIAL GROUP -- Avatar Financial Group LLC has provided a $56 mil loan for Williams Village, an infill redevelopment project in Boulder, CO. The two-year loan allows the borrower to buy out two remaining ground leas...
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• MG Properties Wraps Up $309 Mil Res Buy in Downtown San Diego
2/06/25
MG Properties recently completed its purchase of Park 12 Apartments, a 718-unit, 35-story high-rise residential community in downtown San Diego, in a $309 mil transaction. The property was sold by Greystar.
The acquisition c...
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• HSL Properties Completes $50 Mil AZ Hotel Portfolio Buy
2/06/25
HSL Properties acquired an Arizona hotel portfolio comprising a 180-room Sheraton and 129-room Courtyard by Marriott hotels in Mesa for a combined price of $50.25 mil. The portfolio also includes 15k sf of retail spaces, a co...
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• Calabasas Office Building Acquired by Cross Ocean Partners and Palisade Group
2/05/25
A joint venture between Cross Ocean Partners and Palisade Group purchased 4500 Park Granada, a three-story Class A office building in Calabasas, California. The price was not disclosed.
The property is situated on a 20-acre ...
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• Breakthrough Properties Acquires San Diego Life Science Campus in $159 Mil Deal
2/04/25
Breakthrough Properties, a joint venture between Tishman Speyer and biotechnology investment firm Bellco Capital, purchased MUSE, a 186k sf life science campus in San Diego, for $159 mil ($855/sf). MUSE consists of three buil...
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• J. Fisher Companies Lands $60 Mil Loan for Salt Lake City Res Development
2/03/25
J. Fisher Companies is set to start work on The Edison, a seven-story, 201-unit multifamily community in Salt Lake City, after securing a $60 mil senior loan for the project. The loan was provided by PCCP.
The development is...
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• Otto International Leases New 254k sf Facility at The HUB in Ontario
2/03/25
Otto International Inc has inked a 154-month lease for a 254.7k sf building at The HUB, a master-planned logistics park currently under development in Ontario. Otto International’s building is located at 3551 East Jurupa St, ...
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• Culver City Creative/Mixed-Use Property Trades for $14.8 Mil
1/31/25
In a recent Culver City trade, Montana Avenue Capital Partners purchased a 57.9k sf, mixed-use building for $14.85 mil ($256/sf). The two-story, two-building property, known as Campus 56, is located at 5600-5650 W. Centinela ...
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