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• SC Properties Closes on $37.5 Mil Bay Area Office Buy
9/24/24
San Mateo-based SC Properties has acquired San Mateo Gateway Center, a 235k sf, Class A office campus in San Mateo. The property was sold by Kennedy Wilson in a deal that industry sources say came in at $37.5 mil, or about $1...
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• Venture Between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management Buys 276k sf Conejo Valley R&D/Office Property
9/23/24
A partnership between Alta West Partners, an affiliate of Glendon Capital Management and A2 Capital Management has acquired Lakeview Innovation Center, a 276.5k sf, Class A research and development (R&D) and office property o...
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• GPI Companies Boosts LA Area Portfolio with 292-Unit Res Buy in North Hollywood
9/20/24
GPI Companies has acquired The Lofts at NoHo Commons, a 292-unit, Class A podium-style multifamily project in North Hollywood. The transit-oriented, mixed-use property was originally built in 2006 and was extensively renovate...
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• Portland Res Community Trades
9/20/24
StoneRidge at Cornell, a 233-unit, garden-style multifamily community in Portland, has traded hands. Situated on 16 acres at 14800 NW Cornell R, StoneRidge at Cornell offers one- and two-bedroom units averaging 820 sf in size...
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• Sherman Residential Spends $72 Mil on Its First Phoenix Res Acquisition in 15 Years
9/19/24
Sherman Residential closed on a significant multifamily buy in Phoenix, paying $72.05 mil for Vela on Camelback, a 237-unit ($304k/unit) Class A community located at 4949 N. 7th St in the city’s Camelback Corridor submarket. ...
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• BKM Capital Partners Wraps Up $110 Mil Recapitalization of Light Industrial Portfolio
9/19/24
BKM Capital Partners has executed a $110 mil recapitalization of a five-property, light industrial portfolio. The transaction also marks an expansion of BKM’s partnership with a global investment manager, bringing the joint v...
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• Stos Partners Picks Up 95k sf of Industrial Assets in Phoenix
9/18/24
Stos Partners recently closed on the purchase of a 5.3-acre property in Phoenix that includes two freestanding industrial warehouse buildings totaling 94.8k sf of space. The buildings are located at 236 and 240 North 48th Ave...
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• New 315-Unit Central OC Res Development Completed
9/18/24
Construction of Zia, a five-story, wrap-style apartment development from MBK Rental Living in central Orange County, has been finished and the project is now available for leasing. Offering upscale living with easy access to ...
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• CaliberCos Buys 312k sf Phoenix Office Campus
9/17/24
Scottsdale-based CaliberCos Inc purchased Canyon Corporate Plaza, a 311.7k sf, Class A office campus in Phoenix. The asset was sold by ViaWest Group, who purchased the complex in a joint-venture with New York-based Taconic Ca...
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• UCLA Spends $39 Mil on New Apartment Complex in West Los Angeles for Graduate Student Housing
9/16/24
A 62-unit apartment complex at the border of Los Angeles’ Cheviot Hills/Palms neighborhoods was acquired vacant by the University of California, Los Angeles for $39 mil in an all-cash purchase. The deal works out to $629k/uni...
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• JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
JRK Property Holdings has acquired two Class A multifamily communities in Minneapolis and San Francisco in separate transactions totaling nearly $100 mil. JRK made the purchases through its JRK Platform 5 Fund.
JRK Platform ...
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• Agora Realty and Management Nearing Completion of 42k sf Medical Office Building in North Las Vegas
9/12/24
Construction of a state-of-the-art, 42k sf medical office building at the heart of the now underway NLV Gateway downtown redevelopment is nearing completion. The facility, located at 1941 N. Jefferson St, is being developed b...
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• Vernon Industrial Property Sells for Over $61 Mil
9/11/24
A 7.05-acre industrial redevelopment site in Vernon traded hands in a $61.5 mil transaction. The property, which currently houses a 368.5k sf, five-story building, is located at 1925 and 1936 E. Vernon Ave.
The property is l...
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• Milan Capital Management Acquires San Jose Power Center in $95 Mil Buy
9/11/24
In a significant retail acquisition in Silicon Valley, Milan Capital Management has purchased The Plant, a 367.9k sf regional power center in San Jose, in a transaction valued at $95 mil. Milan made the purchase in a joint ve...
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• Advanced Real Estate Closes $62 Mil Res Buy in Downtown LA
9/11/24
Advanced Real Estate closed on another major multi-family acquisition, paying $62 mil for Canvas LA, a 210-unit ($295k/unit) property that sits along the 110 Fwy in Downtown Los Angeles. The property is located at 138 N. Beau...
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• Upscale Torrance Multifamily Community Acquired by Japanese Investor in $71 Mil Deal
9/10/24
Koto Estates Co LTD, an investor from Japan, recently closed on a 121-unit multifamily acquisition in Los Angeles’ South Bay region. The company purchased The Highlands, located at 25935 Rolling Hills Rd in Torrance, for $71....
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• BH Properties Buys 400k sf, San Diego-Area Mixed-Use Campus
9/09/24
BH Properties acquired Hazard Center, a 405.3k sf, mixed-use campus in San Diego’s Mission Valley area. Terms of the transaction were not disclosed.
Situated on 14.5 acres, Hazard Center currently features a 15-story, 270k ...
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• Community Preservation Partners to Invest $100 Mil on Purchase and Renovation of Historic Pasadena Affordable Seniors Housing Property
9/05/24
Community Preservation Partners (CPP) has purchased Green Hotel Apartments, a 139-unit, affordable senior (62+) apartment complex in downtown Pasadena.CPP plans to restore the property and maintain it as affordable housing.
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• The Bascom Group Picks Up 249-Unit Bakersfield Multifamily Property
9/04/24
The Bascom Group LLC has acquired Old River Place, a 249-unit, single-family residential-style, build to rent multifamily residential property located in the highly desirable Southwest submarket of Bakersfield, for $56.6 mil ...
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• San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
In a recent NoCal multifamily trade, an entity affiliated with The Spieker Companies has acquired the San Mateo Hills apartment portfolio, a 200-unit collection of five properties located in San Mateo. The portfolio sold for ...
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