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• Commercial Real Estate Financing Briefs
6/12/24
JLL CAPITAL MARKETS -- Eric Tupler, Kristian Lichtenfels, Chris Collins, Will Mogk and Jarrod Howard with JLL Capital Markets arranged $30 mil in financing for a three-property industrial portfolio totaling 330....
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• Federal Realty Investment Trust Collects $103 Mil from Sale of Properties Along Santa Monica’s Third Street Promenade
6/11/24
Federal Realty Investment Trust has sold its remaining assets along Santa Monica’s Third Street Promenade -- eight buildings containing 185k sf of space -- for $103 mil ($557/sf). The buyer was not disclosed. Including a prev...
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• SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
A portfolio consisting of two industrial properties spanning six buildings and 387.5k sf of space in the SoCal cities of San Marcos and Temecula was acquired by different buyers in separate deals that totaled $74 mil.
One o...
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• Multifamily Asset in Sacramento’s Elk Grove Submarket Trades for $77 Mil
6/10/24
The Artisan, a 264-unit Class A apartment community in Sacramento’s Elk Grove submarket, was acquired by Weidner Apartment Homes for $77 mil, or $291.7k/unit.
The Artisan, completed in 2005, offers one-, two- and three-bedro...
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• Leasehold Interest in Phoenix Office Campus Goes for $44 Mil
6/07/24
The leasehold interest in Sky Harbor Center, a recently upgraded 534.8k sf office campus on 37 acres in Phoenix, was acquired for $44.3 mil by a private investment partnership. The ground lessor is the City of Phoenix.
Sky H...
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• Decron Properties Closes $99 Mil Retail Buy in San Diego
6/07/24
Decron Properties has acquired Mira Mesa Market West Shopping Center, a 238.7k sf shopping center in the San Diego submarket of Mira Mesa, for $99 mil ($415/sf). The acquisition of the fully leased center included the assumpt...
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• Arizona Multifamily Community Purchased by Kairoi Residential / German American Realty Venture in a $161 Mil Deal
6/07/24
In a sizable institutional res buy in Arizona, a venture between Kairoi Residential and German American Realty, a fund and investment manager specializing in residential rental properties in the United States, acquired Carter...
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• Walker Family Breaks Ground on New 3.8 msf Class A Logistics and Cold Storage Development in Laredo, TX
6/06/24
The Walker Family has broken ground on Township Logistics Park at Talise (“TLPT”), a brand new 268-acre Class A logistics and cold storage development slated to total up to 3.8 msf of warehouse and distribution space in Lared...
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• EQT Exeter Wraps Up $70 Mil Washington Industrial Buy
6/06/24
EQT Exeter closed on a sizable industrial buy in the state of Washington, having paid $70.6 mil for Gayteway Business Park buildings B, C, F, and G. The four Class A industrial buildings total 365k sf ($193/sf) of space and s...
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• Empire Group of Companies Lands $47 Mil for Construction of Texas Build-to-Rent Project
6/05/24
Empire Group of Companies has obtained $47.4 mil in non-recourse financing for construction of Village at Mayfair, a 217-unit Build-to-Rent community in New Braunfels, TX. The project will be situated on nearly 20 acres withi...
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• Three-Building, 412k sf Peoria, AZ Industrial Project Completed
6/05/24
Caliber by Greystar, a three-building, Class A industrial development in Peoria, AZ, has been completed. Caliber marks the first development piece to deliver within Greystar’s $500 mil, 88-acre Peoria Place masterplan, which ...
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• Intercontinental Real Estate Corporation and Kennedy Wilson Spend $71.8 Mil on Stockton Industrial Facility
6/04/24
Stockton Commerce Center, a fully leased, 656k sf warehouse and distribution facility in the California Central Valley city of Stockton, was acquired by a joint venture of Intercontinental Real Estate Corporation and Kennedy ...
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• AMCAL Housing Nabs $101 Mil Refi on 335-Unit Res Community in Woodland Hills
6/03/24
AMCAL Housing, Gortikov Capital has obtained a $101 mil refi loan on The Clarendon, a 335-unit, Class A multifamily property in the western San Fernando Valley community of Woodland Hills.
Developed in 2020, The Clarendon of...
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• Chatham Lodging Trust Acquires 148-Room Hotel Property in Phoenix
6/03/24
Chatham Lodging Trust purchased the 148-room Home2 Suites by Hilton Phoenix Downtown in a $43.3 mil ($293k/room) transaction. The asset was sold by Anish Hotels Group.
Strategically located in the heart of downtown at 125 Ea...
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• Commercial Real Estate Financing Briefs
5/31/24
CBRE CAPITAL MARKETS - Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE's Capital Markets Debt and Structured Finance team secured a $44 mil refi loan on Queen Creek Commerce...
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• South OC Office Asset Traded in $42 Mil Deal
5/31/24
MicroVention, a neuroendovascular medical device company, has acquired 45 Enterprise, a 242.7k sf, high-rise office building in Aliso Viejo, for $42.25 mil, or $183/sf.
45 Enterprise is a nine-story vacant building built in...
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• Younan Properties Buys Phoenix Office High-Rise in $25 Mil Transaction
5/30/24
A 350k sf, high-rise office building in the heart of Midtown Phoenix was acquired by Younan Properties in a $24.5 mil ($70/sf) transaction. The property, 3200 Central, is fully renovated and offers new ownership an immediate ...
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• Advanced Real Estate Adds 68-Unit OC Res Community to Its X Fund
5/30/24
Advanced Real Estate has acquired Beachpoint, a 68-unit multifamily asset in Huntington Beach, in a recent $25 mil purchase. The property, which includes a 12k sf multi-tenant office building, will be added to Advanced’s X Fu...
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• Rexford Industrial Spends $143 Mil on Two SoCal Buys in May
5/30/24
Rexford Industrial Realty closed on two industrial property purchases in deals with a combined price of $143 mil during the month of May. The SoCal-based firm also completed the disposition of three properties for an aggregat...
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• PATH Ventures Finishes Supportive Housing Project in the City of Carson
5/29/24
PATH Ventures, a nonprofit affordable housing developer and service provider, has completed work on West Carson Villas, a $42.5 mil, 111-unit supportive housing project in the L.A. area city of Carson. The development was bui...
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