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• Bay Area Res Community Trades in $200 Mil Transaction
12/26/24
In an institutional-level, end-of-year NoCal multifamily trade, Interstate Equities Corporation acquired Summerwood Apartments, a 468-unit multifamily property in Santa Clara, in a transaction valued at $203.15 mil, or $434k/...
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• Envision / Faring Venture Pays $90 Mil for Beverly Hills Office Building
12/24/24
A 133k sf office building in Beverly Hills traded hands in a $90 mil transaction that works out to $675/sf. The property, located at 9242 Beverly Blvd, at the intersection of Beverly and Santa Monica Blvds, was acquired by a ...
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• Oregon Multifamily Community Traded for Over $29 Mil
12/24/24
Barclay Village, a 146-unit, garden-style multifamily community in Oregon City, OR, traded hands in a $29.2 mil ($200k/unit) deal. The property, located at 775 Cascade St, was built in 1987 and has been undergoing extensive r...
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• TA Realty Buys 193k sf Inland Empire Industrial Facility
12/24/24
Slover & Elm Commerce Center, a 192.8k sf industrial facility in Fontana, was acquired by TA Realty. Built in 2022, the Class A building is located at 15521 Slover Ave, east of I-15 on the south side of I-10.
The building is...
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• Two Alameda County Multifamily Trades Total $34 Mil
12/23/24
We’ve got news of two multifamily community sales in NoCal’s Alameda County for a combined price tag of $34 mil. The properties that traded are Vista Del Sol in Pleasanton and Islander Apartments in Alameda.
In the larger d...
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• Rockefeller Group Starts Work on 418k sf AZ Distribution Center
12/20/24
Rockefeller Group has completed construction of a 418.4k sf distribution center on 24 acres in Surprise, AZ, part of the Southwest Valley industrial submarket. Surprise Pointe Commerce Center can accommodate one to four tena...
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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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