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• Recently Completed AZ Res Community Gets New Owner
12/19/24
Smith & Rio, a 310-unit luxury multifamily community located in Tempe, AZ, traded hands. The project, located at 1979 E. Rio Salado Pkwy, was built and sold by a partnership between PGIM Real Estate and High Street Residentia...
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• STAG Industrial Buys New 173k sf Industrial Facility in Salt Lake City
12/19/24
STAG Industrial Inc has acquired 5 South Commerce Center, a newly built, 172.8k sf Class A warehouse in Salt Lake City. The price was not disclosed. AZ-based ViaWest Group was the seller.
The warehouse development is situate...
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• Denver Manufactured Home Community Trades for $62 Mil
12/18/24
Denver Cascade, a 382-space manufactured home community in Denver, sold for $62 mil ($162.3k/space), making it the highest-price manufactured housing community (MHC) sale in Colorado’s history and the largest non-coastal MHC ...
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• SENTRE Spends $49 Mil on AZ Industrial Asset
12/18/24
A 322k sf, freestanding industrial asset in Tolleson, AZ was acquired for $48.83 mil ($152/sf) by San Diego-based SENTRE. Located at 7980-7990 West Buckeye Road, the single-tenant facility is fully leased on a long-term basis...
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• Chula Vista Office Building Trades in $29.5 Mil Deal
12/17/24
In a recent office property sale in San Diego County, The Plaza at Eastlake, a 132.7k sf, Class A building in Chula Vista, sold for $29.5 mil, or $222/sf. The property was 94% occupied at the time of the sale.
The structure,...
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• Western National Group-Led Venture Buys 158-Unit Res Community in Riverside
12/17/24
Western National Group has purchased Vista Imperio, a 158-unit garden-style multifamily community in Riverside, in a joint venture partnership with Sagard Real Estate, ArrowMark Partners and WNG. The price was not disclosed.
...
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• Res Community in Seattle Sells for $105 Mil
12/16/24
AVA Ballard, a 265-unit multifamily community in Seattle, has traded hands in a recent transaction worth $105.5 mil, or $398k/unit. The asset, located at 5555 14th Ave. NW, was sold by AvalonBay Communities.
AVA Ballard, bui...
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• BKM Capital Partners Executes $550 Mil Recapitalization with Kayne Anderson Real Estate for Multi-State Light Industrial Portfolio
12/16/24
BKM Capital Partners completed a $550 mil recapitalization of a nine-property light industrial portfolio with Kayne Anderson Real Estate. This transaction marks the first entry into the light industrial sector for Kayne Ander...
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• Bascom Group Acquires 92-Unit Res Property in Seattle’s Belltown Neighborhood
12/13/24
The Bascom Group LLC has acquired 2300 Elliott, a 92-unit multifamily community in Seattle’s Belltown area. The price was not immediately given out.
Built in 1992, the property features a five-story residential building situ...
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• BKM Capital Partners Completes $76.9 Mil Recapitalization of Three San Diego Properties
12/12/24
BKM Capital Partners has recapitalized three San Diego business parks from its BKM Industrial Value Fund II, LP with Tokyu Land US Corporation for $76.9 mil. The transaction represents the first joint venture between BKM and ...
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• US ELogistics Service Corp Leases 303k sf Space at Houston Industrial Project
12/12/24
US ELogistics Service Corp agreed to a new lease for 302.8k sf of space at Constellation Post Oak, a newly developed, two-building 424k sf industrial property in Houston, TX. In addition, D&R Signs 45k sf of space at the same...
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• County of L.A. Spends $200 Mil on 1.3 msf Gas Company Tower
12/11/24
In a major L.A. office buy, the County of Los Angeles purchased The Gas Company Tower, a 1.3 msf, trophy high-rise in the heart of the city’s CBD, in a deal worth $200 mil, or $154/sf.
The Gas Company Tower is located at 55...
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• Local Investor Buys 260-Unit Res Community in San Antonio
12/11/24
Augusta Flats, a 260-unit trophy multifamily asset located in downtown San Antonio, TX, was acquired by locally based Lynd. The price was not given out.
Built in 2021, Augusta Flats features a range of studio, one- and two-b...
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• U-Haul International Buys 549k sf Phoenix Office Tower for $49/sf
12/09/24
U-Haul International, a Phoenix-based moving and self-storage company, has closed on a significant office buy, paying $23.7 mil for 20 East Thomas, a 25-story, 548.9k sf ($43/sf) tower in Phoenix’s Midtown submarket. The buil...
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• Proficiency Capital Acquires 231k sf Industrial Portfolio in Chino and Pomona
12/09/24
McGee Business Center I & II, a fully leased 231.7k sf industrial portfolio located in Chino and Pomona, was acquired by Proficiency Capital LLC. The deal was financed with an acquisition loan of $32.2 mil.
McGee Business C...
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• Tempe Res Property Purchased by AZ Investor in $18 Mil Deal
12/06/24
A private investor from Arizona purchased Rancho Las Palmas Apartments, a 112-unit multifamily property in Tempe, AZ, for $18 mil ($160.7k/unit). Built in 1986, the property sits on 5.27 acres at 1249 E. Spence Ave, south of ...
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• OC Seniors Housing Project Lands $473 Mil in Tax Exempt and Taxable Bond Financing
12/06/24
Development of The James, a luxury rental, 350-bed seniors housing project in Irvine, is slated to get underway after just having secured $473 mil in tax exempt and taxable bond financing. We’re told the deal is the largest t...
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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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