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• Legacy Partners and Silverpeak Real Estate Partners Start Work on 240-Unit Res Project in Washington
10/15/24
Construction has started on Legacy at University Place, a 240-residence apartment community coming to University Place, WA. The project is a venture of Legacy Partners and Silverpeak Real Estate Partners, who recently closed...
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• Commercial Real Estate Financing Briefs
10/14/24
GREYSTONE MONTICELLO -- Darryl Myrose with Greystone Monticello closed on two bridge loans totaling $40.3 mil for two apartment complexes in Las Vegas, NV. The purpose of the loans is to refinance the outstanding bridge loans...
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• Sunnyvale Mixed-Use Development Celebrates Official Grand Opening
10/11/24
Cityline, a new transit-oriented, mixed-use destination in downtown Sunnyvale, celebrated its official grand opening this month. The project is a development of STC Venture LLC, a joint venture between affiliates of Hunter Pa...
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• Sargard Real Estate Spends $77 Mil on AZ Multifamily Community
10/10/24
In a recent AZ apartment buy, Sargard Real Estate acquired Trovita Rio, a 209-unit core apartment community located in Tempe. Although a price was not given out, sources tell us that the property traded for around $77 mil, or...
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• Drawbridge Realty and KKR/Global Atlantic Spend $185 Mil on Santa Monica Office Property
10/08/24
Drawbridge Realty, out of San Francisco, has acquired Arboretum Gateway, a 225.8k sf, creative office HQ property in Santa Monica, in a venture with KKR/Global Atlantic. The six-story property, located at 2220 Colorado Blvd i...
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• The Bradmore Group Finishes Work on Marina del Rey Creative Office Campus
10/07/24
The Bradmore Group has completed construction on 42XX, a new creative, mass timber office campus in Marina del Rey. Located at 4204 Glencoe Ave, the 42XX campus spans three acres and comprises three interconnected low-rise bu...
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• Hines Buys 2,460-Unit SoCal Self-Storage Asset in $91 Mil Deal
10/04/24
Houston-based global investment firm Hines has acquired a 2,460-unit self-storage facility in Cerritos, CA for $91 mil. The 260.3k sf Extra Space Storage property was sold by a joint venture between Los Angeles-based self-sto...
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• Las Vegas Area Logistics Portfolio Sold to Ares Management Real Estate and BKM Capital Partners in Separate Deals
10/04/24
A private institutional investment firm sold a two-property, infill logistics portfolio in separate deals to two different buyers. The properties, both in the greater Las Vegas area, were purchased by an Ares Management Real ...
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• Green Leaf Partners Management Buys 280-Unit CO Multifamily Property
10/03/24
Alvista Harmony, a 280-unit garden community in Fort Collins, CO, was acquired by Green Leaf Partners Management,Inc. It was sold by an affiliate of Phoenix Realty Group and a joint venture partner.
Located at 2002 Battlecr...
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• Downtown L.A. Highrise Trades for $80 Mil
10/02/24
Union Bank Plaza, a 40-story office/retail tower located at 445 South Figueroa St in Downtown Los Angeles, has traded hands in a recent transaction valued at $80 mil. The 700k sf high-rise was acquired by Washington Capital M...
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• EQT Exeter Spends $23.4 Mil on Otay Mesa Industrial Facility
10/01/24
EQT Exeter has purchased a freestanding, 115.5k sf industrial/warehouse building on 5.7 acres in San Diego’s Otay Mesa submarket for $23.45 mil ($203/sf). The single-tenant property, located at 2345 Britannia Blvd, is 100% le...
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• $29 Mil Renovation Project Completed at Riverside City College
9/30/24
C.W. Driver Companies has completed a $29.3 mil renovation at Riverside City College with the transformation of the former Physical & Life Science Buildings, built in the 1960s, into the new Business, Law, and Computer Inform...
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• San Ysidro Industrial Complex Purchased for $27 Mil by GID Industrial Acquisition
9/27/24
In a notable industrial buy from San Diego County, GID Industrial Acquisition purchased Trolley Industrial Center, a 105.5k sf property on over five acres in San Ysidro, for $27.25 mil ($258/sf), The multi-tenant property, lo...
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• EQT Exeter Closes 1 msf Nevada Industrial Buy
9/27/24
EQT Exeter purchased USA Parkway Distribution Center I & II, a state-of-the-art industrial park comprising two, Class A cross-dock distribution buildings totaling 1.09 msf of space. The park, is located within the Tahoe-Reno ...
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• Irvine Office Building Fetches $258/sf in Owner/User Buy
9/26/24
A 157.5k sf office building in Irvine sold for $40.6 mil ($258/sf) in a recent owner/user buy. The building, located at 5 Peters Canyon Rd, was purchased by TP-Link Systems Inc.
The low-rise building, built in 2000, sits on ...
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• Regional Center in Oceanside Sells for $34 Mil
9/26/24
Plaza Rancho Del Oro, a 65k sf regional retail center in Oceanside, was purchased by an LA-based high-net-worth individual for $34.3 mil, or $527/sf. The property, located at 4120-4196 Oceanside Blvd, is shadow-anchored by Al...
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• San Francisco’s Phoenix Hotel Acquired by Michel Suas of the San Francisco Baking Institute in $9 Mil Deal
9/26/24
The Phoenix Hotel, a 44-room hotel property in San Francisco’s Tenderloin district, traded in a $9.1 mil transaction from about a month or so ago. The asset, located on a 38k sf lot at 601 Eddy St, was acquired by Michel Suas...
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• Lincoln Property Company Starts Work on 1 msf Tucson, AZ Industrial Project
9/25/24
Lincoln Property Company has broken ground on Phase I of I-10 International, a Class A industrial project that, upon completion, will total more than 1 msf of space on 79 acres in the Tucson, AZ airport submarket.
The $75 mi...
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• Multifamily Property in Henderson, NV Trades for $45 Mil
9/25/24
Prism Multifamily Group has acquired Cascade Apartments, a 261-unit multifamily property in Henderson, NV, for $45.5 mil, or $174.3k/unit. The buyer plans to complete a property renovation plan to better capitalize on the gro...
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• Work Gets Underway on 68k sf Biz Park in Carlsbad
9/24/24
The Techbilt Companies has broken ground on Evolve, a brand new 67.7k sf, three-building campus in Carlsbad. The new Class A complex is situated within a 600-acre master-planned development surrounded by over 350 acres of ope...
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