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• Irvine Office Building Trades in $37 Mil Deal
1/22/25
An 11-story, 234.4k sf Class A office property in Irvine traded hands in a $37 mil ($158/sf) transaction. The building, 18201 Von Karman, was sold by New York Life Real Estate Investors and acquired by an unnamed private loca...
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• Work Finished on 310-Unit AZ Res Development
1/21/25
Construction has been completed on Northbend, a 310-unit res development featuring three garden-style apartment buildings in Tempe, AZ. McShane Construction Company built the project on behalf of the developers, Banyan Reside...
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• Logisticus Group Leases New 483k sf Facility at Park303 in Glendale, AZ
1/20/25
Third party logistics firm Logisticus Group LLC has fully leased the 483.3k sf Phase 2 Building B at Park303 logistics park, a three-building, state-of-the-art industrial development by Lincoln Property Company in Glendale, A...
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• New Luxury Res Development in the San Gabriel Valley Has Begun Leasing
1/20/25
Leasing is now underway at Solana at Duarte Station, a new 292-unit luxury apartment community in the eastern San Gabriel Valley city of Duarte. The project, a development of MBK Rental Living, is situated adjacent to the pre...
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• BKM Capital Partners Acquires SeaTac Industrial Park in Seattle for $29 Million
1/17/25
BKM Capital Partners purchased SeaTac Industrial Park, a 129.7k sf industrial asset in SeaTac, WA, for $29 mil. ($224/sf). The property sits within one of the tightest and most sought-after industrial markets in the Seattle m...
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• Jackson Square Properties Buys Sacramento Res Community in $52.5 Mil Transaction
1/17/25
Jackson Square Properties has acquired The Lofts, a 188-unit suburban Class A multifamily community in Sacramento’s Natomas submarket, in a $52.5 mil ($279k/unit) deal. The property was sold by Reliant Group.
The Lofts, loca...
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• NexMetro Recapitalizes $300 Mil Build-to-Rent Portfolio
1/16/25
NexMetro Communities has recapitalized a $300 mil build-to-rent portfolio across Phoenix and Denver. The new financing structure includes $160 mil in insurance capital invested and managed by Blackstone, plus a preferred equi...
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• Phoenix Industrial Asset Bought for $27 Mil
1/16/25
A 188.1k sf manufacturing and distribution building in Phoenix sold for $27 mil ($144/sf). The buyer was i3 Interests. The asset was sold by Bailard, who purchased the building in September 2017 and has since completed its bu...
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• Vegas Retail Center Sells in $50 Mil Deal
1/15/25
Mountain’s Edge Marketplace, a 115k sf, neighborhood shopping center in Las Vegas, was acquired by an accomplished out-of-state investor for $50.3 mil, or $437 per square foot. The asset, shadow-anchored by Albertsons, is sit...
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• High Street Residential and Mitsui Fudosan America Start Work on 215-Unit Res Project in Scottsdale
1/15/25
High Street Residential (HSR) and JV partner Mitsui Fudosan America (MFA) have broken ground on a 215-unit, Class A, luxury residential community in Scottsdale, AZ. The project, which will have a formal name announced as cons...
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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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