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• Sunroad Secures New $188 Mil Loan on San Diego Res Community
1/14/25
Sunroad Enterprises has obtained a new, $188 mil loan for Vive Luxe, a 442-unit multi-housing community in San Diego. Vive Luxe, nestled at 4890 Sunroad Centrum Ln in the Kearny Mesa submarket, offers a prime location approxi...
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• Miramar Capital Buys 333k sf Inland Empire Industrial Asset
1/14/25
In an Inland Empire industrial buy, Miramar Capital paid $86 mil for Serrano Industrial Park, a three-building industrial park totaling 332.7k sf ($258/sf) in Jurupa Valley. The seller was PreZero.
Located at 4350, 4388 and ...
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• Overton Moore Properties and Invesco Real Estate Begin Work on Three-Building AZ Industrial Project
1/13/25
Overton Moore Properties and Invesco Real Estate have started construction on Nextwave Tempe. The project consists of three Class A industrial buildings totaling 689k sf. on 35.5 acres at the former site of the Big Surf Water...
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• EastGroup Properties Inc Picks Up 519k sf AZ Industrial Park in $83 Mil Deal
1/13/25
In a notable AZ industrial trade, EastGroup Properties Inc paid $83 mil for Akimel Gateway, a 519.1k sf ($160/sf) industrial park in Chandler. The asset was sold by Trammell Crow Company (TCC) and CBRE IM.
Situated at 17500 ...
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• Oregon Retail Center Sells for $427/sf
1/13/25
Oswego Village, a 103k sf retail center in Lake Oswego, OR, was acquired by an unnamed Canadian advisory group for $44 mil ($427/sf). The property is located at 11 S. State St, just eight miles south of Portland.
Oswego Vill...
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• Arizona Industrial Portfolio Trades in Record-Setting $168 Mil Deal
1/10/25
Irvine-based CIP Real Estate acquired Broadway 101 Commerce Park, an 809.2k sf, Class A industrial park in Mesa, AZ for $168.3 mil ($208/sf). The multi-tenant park consists of 11 buildings on 53 acres.
We’re told the sale se...
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• San Mateo Retail Center Trades in $127 Mil Transaction
1/10/25
Bridgepointe Shopping Center, a 231.7k sf community retail center in San Mateo, was acquired by a joint venture between Sterling Organization and Cohen & Steers in a $127 mil ($548/sf) transaction. The asset was sold by Nuvee...
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• Tower 16 Capital Partners Buys 167-Unit Build-to-Rent Community in Phoenix
1/09/25
San Diego-based Tower 16 Capital Partners has acquired Yardly McDowell, a 167-unit, Build-to-Rent (“BTR”) multifamily property located in Phoenix’s West Valley, for $46.5 mil ($278.4k/unit). The purchase marks the firm’s nint...
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• Pathfinder Partners Closes $28 Mil Seattle-Area Res Buy
1/08/25
Pathfinder Partners has acquired Sundance, a 105-unit apartment community in Washington, in a $28.15 mil ($268k/unit) transaction. The property is located at 210 27th Ave in Milton, a suburban neighborhood just south of Seatt...
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• Commercial Real Estate Financing Briefs
1/08/25
BWE – Mike Guterman with BWE arranged a $20 mil bridge loan to finance the redevelopment of an 85k sf Sears outparcel building, adjacent to the Marketplace at Merced shopping mall located in Merced. The redevelopment will see...
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• LaSalle Investment Management Buys 536k sf AZ Industrial Property
1/07/25
LaSalle Investment Management acquired Tempe Commerce Park, a five-building industrial complex totaling 536.1k sf of spaced in Tempe, AZ. Although the price was not given out, we hear that the property traded for about $112 m...
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• Legacy Partners and DWS Start Work on Ontario Res Community
1/07/25
Legacy Partners and DWS Group have started construction on a 346-unit residence apartment community in Ontario. Located at 2510 S. Euclid Ave, the new community will consist of eight buildings (three to four stories tall) wit...
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• Blox Ventures Buys Loan Against Emeryville Office Building
1/06/25
San Francisco-based Blox Ventures has acquired the loan secured by the office building at 6001 Shellmound St in the Emeryville Public Market from PNC Bank, positioning the company to become the property’s new owner. The loan ...
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• Historic Colman Building in Downtown Seattle Trades Hands
1/03/25
The Colman Building, an historic 143.9k sf retail/office building in downtown Seattle, has been sold through a receivership process. Constructed more than 125 years ago, the Colman Building is located at 811 1st Ave.
The st...
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• Trojan Storage Secures $70 Mil in Financing on Four California Self-Storage Assets
1/03/25
Trojan Storage has obtained a $70 mil, structured permanent loan to retire existing construction/bridge debt and re-capitalize four recently completed/value-add self-storage facilities. The four properties are currently under...
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• Construction Topped Out on 265-Unit Res Project in Gardena
1/02/25
Cityview and Stockbridge have topped out on Apollo, a 265-unit community in Los Angeles’ South Bay. The eight-story development’s wood framing is now complete, with the project on schedule to complete in 2025.
Apollo is loc...
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• Seattle Area Industrial Portfolio Trades in $64 Mil Deal
12/31/24
A 315.4k sf industrial portfolio in Seattle traded hands in a recent end-of-year transaction. The deal had a price tag of $64.21 mil, which works out to $203/sf.
The portfolio includes two industrial facilities: Kent Valley ...
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• George Oliver and Ascentris Spend Over $42 Mil on Office Property in Old Town Scottsdale
12/31/24
A 165.2k sf office building in Old Town Scottsdale, AZ has traded hands in a $42.25 mil transaction. The property, located at 7272 E. Indian School Rd, was acquired by a venture between George Oliver and Ascentris.
The purc...
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• San Diego Modular Affordable Housing Project Lands $112 Mil in Financing
12/30/24
Impact Housing and Verbena Road Holdings have obtained $112.225 mil in financing for the development of Mission Gorge, a modular, affordable housing multifamily development in San Diego. The financing consists of an $85.225 m...
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• Cityview Buys 112-Unit Res Property in Hollywood
12/27/24
Cityview has acquired Candela, a 112-unit value-add res property nestled in the Hollywood Hills and Franklin Village neighborhood of Los Angeles. The three- and four-story multifamily project features spacious one- and two-be...
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