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• Commercial Real Estate Financing Briefs
1/23/24
GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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• TriColor Auto Group Preleases New 258k sf AZ Industrial Project
1/23/24
TriColor Auto Group has agreed to pre-lease a new, 258k sf Class A industrial development in Surprise, AZ. TriColor, an online auto sales and financing company, expects to bring up to 500 new jobs to the area.
The building, ...
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• AZ Build-to-Rent Development Lands $66 Mil Bridge Loan
1/22/24
Bela Flor Communities has obtained a $66 mil bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, AZ. Over half of the units are leased and occupied at the property, which recently complete...
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• The Bascom Group Closes First Acquisition in Albuquerque
1/19/24
The Bascom Group LLC has acquired the Overlook Apartments, a 344-unit, garden-style multifamily property in Albuquerque, NM. Built in 1988, the property is located at 6200 Eubank Blvd, just south of Academy Rd.
Located withi...
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• Hyde Development and Mortenson Properties Purchase 592k sf Denver Industrial Portfolio
1/19/24
Peoria Business Center, a three-building, 592.6k sf industrial portfolio in Denver, was acquired by a partnership of Hyde Development and Mortenson Properties. The properties, located at 12330 E. 46th Ave, 12360 E. 46th Ave a...
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• OC Multifamily Community Trades in $127 Mil Transaction
1/18/24
Regency Palms, a 310-unit gated multifamily community in Huntington Beach, traded hands in a $127 mil ($410k/unit transaction in one of the largest multifamily transactions in Orange County over the last 12 months. The buyer ...
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• Prairie Hill Holdings Buys AZ Grocery-Anchored Center for $27.5 Mil
1/18/24
Prairie Hill Holdings acquired Rillito Crossing, a 96.4k sf, grocery-anchored retail center in Tucson, AZ, for $27.5 mil ($285/sf). The asset was sold by Epic Real Estate Partners and Centerbridge.
Completed in 2008, Rillito...
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• Advantech Co Inks Ground Lease for 9.75 Acres at South Orange County Community College District ATEP Campus in Tustin
1/18/24
Advantech Co has signed a 75-year ground lease for 9.75 acres at South Orange County Community College District ATEP campus in Tustin. The transaction was valued at $264.8 mil.
The firm, a Taiwanese-based maker of industrial...
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• CapRock Partners Acquires 250k sf AZ Industrial Asset
1/16/24
CapRock Partners acquired a new 249.8k sf, Class A industrial building along Phoenix’s Loop 202 freeway. During the acquisition process, CapRock secured two undisclosed high-quality tenants resulting in the property being 100...
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• Phoenix Industrial Portfolio Acquired in Separate Deals with Two Buyers
1/15/24
A two-building, last mile industrial portfolio totaling 491.2k sf in Phoenix was sold in deals to separate buyers. The portfolio comprises Canal Crossing, a single-tenant building totaling 155.1k sf on 10 acres, and Riverside...
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• DRA Advisors and Rising Realty Partners Buy 531k sf CA Central Valley Industrial Portfolio
1/12/24
DRA Advisors and Rising Realty Partners have teamed up in the purchase of a six-building industrial portfolio totalling 531.3k sf in the CA Central Valley cities of Tracy and Stockton. The price was not disclosed.
The portfo...
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• Constellation Real Estate Partners Buys 25 Acres in Houston for Industrial Development
1/11/24
Constellation Real Estate Partners acquired 25.8 acres of land located at 6401 North Eldridge Parkway in Houston’s Northwest submarket. The company will demolish an existing administrative building on the site to develop Con...
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• BKM Capital Partners Closes $48 Mil Industrial Buy in Arizona
1/10/24
BKM Capital Partners has acquired a pair of multi-tenant industrial parks in the Greater Phoenix area for $48 mil, or $178.80/sf. The properties, Gateway University Park I & II, total 268.4k sf and are situated within the sou...
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• Chestnut Properties lands $91 Mil in Construction Money for El Cajon Industrial Project
1/10/24
Chestnut Properties has obtained $91 mil construction money for the development of a modern, 386.3k sf spec industrial building in El Cajon. The project, Gillespie Field iPark, will be located at 1756 Weld Blvd and has a targ...
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• EQT Exeter Buys 202k sf Industrial Project in Chula Vista
1/10/24
EQT Exeter purchased Heritage Industrial Center, a three-building, 202.8k sf industrial project in Chula Vista. The project, covering 11.57 acres, was sold by Rockefeller Group.
The deal marks the second transaction between ...
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• Harbor Associates and Taconic Capital Collect $26.75 Mil from Sale of 115k sf San Bernardino Office Building
1/09/24
Harbor Associates LLC, in a joint venture with Taconic Capital Advisors LP, has sold a 115.5k sf, Class A office building in a deal that represents the third and final transaction in a five-property $69.85 mil office portfoli...
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• BKM Capital Partners Completes $31 Mil Industrial Buy in Silicon Valley
1/09/24
BKM Capital Partners has acquired Junction Business Park, a multi-tenant, light industrial property in Silicon Valley’s sought-after Golden Triangle market, for $31 mil. The San Jose property consists of two buildings totali...
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• Lincoln Property Company Wraps Up Work on 2.5 msf AZ Creative Industrial Project
1/08/24
Lincoln Property Company (LPC) has completed work on Park303 Phase 2, a Class A, 2.5 msf industrial development in Glendale, AZ. The project boasts many creative industrial amenities, including: a high-end speculative office ...
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• Las Vegas Valley Water District Spends $21 Mil on 166k sf Office Building
1/08/24
The Las Vegas Valley Water District (“LVVWD”) purchased a 166.4k sf office building on approximately 10 acres in Las Vega for $21.25 mil. Located at 330 South Valley View Blvd, the two-story building was fully vacant at the t...
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• Denver Res Tower Sells for $125 Mil
1/05/24
In a large, end-of-year multifamily trade, Griffis Residential purchased Platform at Union Station, a 287-unit luxury apartment community in downtown Denver, for $125.5 mil ($437k/unit). The sale is among the largest multifam...
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