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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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• University of California Acquires Former Westside Pavilion from Hudson Pacific Properties and Macerich in $700 Mil Deal
1/04/24
By Allen Wolfsheimer
The Regents of the University of California acquired One Westside and Westside Two in Los Angeles from Hudson Pacific Properties and Macerich in a $700 mil transaction. Hudson Pacific held a 75% interest...
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• Apple Hospitality REIT Spends $75 Mil on Las Vegas Hotel Asset
1/04/24
In a year-end Vegas hotel buy, Apple Hospitality REIT paid $75 mil for SpringHill Suites by Marriott Las Vegas Convention Center, a 299-room hospitality property. The deal works out to around $250k/room.
Constructed in 2009,...
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• OR Res Community Trades for $99 Mil
1/03/24
Tessera at Orenco Station, a 304-unit multifamily community in Hillsboro, OR, has traded hands in a $99 mil ($325.7k/unit) transaction. The property was sold by Seattle-based Security Properties.
Built in 2014, Tessera at Or...
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• Advanced Real Estate Closes Out 2023 with $234 Mil OC Multifamily Buy
12/29/23
Advanced Real Estate closed out the year with the purchase of a 714-unit multifamily community in Orange County in what we’re told stands as the largest single apartment property to sell in Southern California in all of 2023....
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• Office Building on L.A.’s Westside Trades in $45 Mil Deal
12/27/23
A joint venture between Harbor Associates LLC and F&F Capital Group has acquired a five-story, 164.7k sf Class A creative office building on Los Angeles’ westside for $44.7 mil ($271/sf). The building is located at 1640 Sepul...
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• Aon Tower in Downtown Los Angeles Trades for $147.8 Mil
12/26/23
Aon Center, a 1.1 msf office tower at 707 Wilshire Blvd in downtown Los Angeles, traded hands in a $147.8 mil transaction. The deal, which works out to about $134/sf, is the largest post-pandemic office sale in downtown Los ...
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• Commercial Real Estate Financing Briefs
12/22/23
GANTRY – Tom Dao and Erinn Cooke with Gantry secured a total of $17.6 mil in permanent loans to refinance a pair of Bay Area self-storage facilities. The financings included $9.5 mil for SAF Keep San Ramon and $8.1 mil for SA...
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• Transwestern Investment Group (TIG®) and Fidelis Industrial Buy 56 Acres in Texas for 520k sf Industrial Project
12/22/23
Transwestern Investment Group (TIG®) and Fidelis Industrial have acquired 56 acres in Georgetown, TX for the development of Berry Creek Business Park, a 520.6k sf industrial project. The three-building asset is scheduled to d...
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• OC Grocery-Anchored Center Trades
12/21/23
Buena Park Place, a grocery-anchored, 208.6k sf shopping center located in the OC city of Buena Park, was acquired by an unnamed private investor. The seller was SITE Centers Corp.
Built in 1961 and renovated in 2016, the 10...
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• PCCP LLC, Panattoni Development Company and Hunt Companies to Develop 939k sf Industrial Project in El Paso, TX
12/21/23
PCCP LLC and a partnership between Panattoni Development Company and Hunt Companies have formed a joint venture for the development of Project Grande, a two-building speculative industrial development totaling 939.6k sf. The ...
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• Sierra Pacific Acquires 347k sf Bay Area Office Campus
12/20/23
Sierra Pacific purchased Concord Corporate Centre, a two-building, 346.7k sf corporate campus in the East Bay city of Concord. Although the price was not immediately disclosed, other news sources report the deal came in at $2...
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