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• Colson Group USA Inks Lease for 119k sf at Spec Phoenix Industrial Development
7/28/23
CapRock Partners has completed Phase I of CapRock West 202 Logistics, a new leading-edge speculative industrial development in the Southwest Phoenix submarket. Delivery of the 140-acre phase brings approximately 2.5 msf of Cl...
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• The Inn at Rancho Santa Fe Gets New Owner in $100 Mil Deal
7/27/23
The Inn at Rancho Santa Fe, an 85-room, full-service, luxury boutique resort located in north San Diego County’s exclusive enclave of Rancho Santa Fe, traded hands in a $100 mil transaction. The asset sits on a 21-acre site a...
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• Ares Management Entity Buys 200k sf Otay Mesa Distribution Property
7/27/23
Runway Distribution Center, a newly built distribution facility totalling 200k sf in Otay Mesa, was acquired by an Ares Management real estate fund. The property was sold by Lincoln Property Company and a real estate fund adv...
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• Newly Built AZ Res Community Refinanced with $53 Mil Loan
7/26/23
P.B. Bell has landed a $53 mil refi loan for Hangar at Thunderbird, a newly built 266-unit, 19-building apartment community in Glendale, AZ. The new financing was provided by PCCP LLC.
Hangar at Thunderbird is located at 153...
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• KB Homes Acquires 13.5-Acre Parcel in the San Gabriel Valley
7/25/23
A 13.5-acre parcel of commercial land in the San Gabriel Valley city of El Monte traded for $24 mil. The buyer, Los Angeles-based KB Homes, a Fortune 500 national home builder, will use the property to construct up to 200 new...
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• Phoenix Industrial Building Trades for $23 Mil
7/25/23
An 89.4k sf, freestanding industrial building in Phoenix was acquired by FM INDUSTRIES®, Inc. (FMI), a premier manufacturing solutions provider, for $23 mil ($257/sf). FMI, which operates several other manufacturing facilitie...
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• Clarion Partners and EBS Realty Partners Buy Colton Land for Industrial Development
7/21/23
Clarion Partners and OC-based investment firm EBS Realty Partners have teamed up in the purchase of a 19-acre industrial site in Colton for $61 mil. Located at 275 and 375 De Berry St, on the west side of I-215 at S. La Caden...
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• IDS Real Estate Pays $126 Mil for 432k sf Industrial Project in the San Gabriel Valley
7/20/23
IDS Real Estate Group has acquired Azusa Industrial Center, a 432.5k sf, three-building industrial project located in Azusa, for $126 mil ($291/sf). Built during the mid-1980s and situated on over 23.6 acres, the multi-tenan...
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• Trammell Crow Company (TCC) and CBRE Investment Management Start Work on Bay Area Life Sciences Project
7/20/23
Trammell Crow Company (TCC) and CBRE Investment Management have broken ground on a 234k sf life sciences development in Redwood City, CA. Located at 200 Twin Dolphin Drive, the Class A facility is slated to deliver during the...
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• Two-Property School Portfolio in the Phoenix Area Sells for $63 Mil
7/19/23
A six-building, two-property portfolio totaling 233.8k sf of space in Phoenix’ Southeast Valley sold for $63.2 mil in a sale. The two properties are currently home to a well-established charter school in the Southeast Valley....
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• Westcore Buys New 900k sf Industrial Asset in Glendale, AZ
7/19/23
Westcore acquired Hatcher Industrial, a newly constructed, 906.1k sf state-of-the-art industrial park in Glendale, AZ. Built on a speculative basis, the two-building Class A project was completed in Q3-2023 and is currently v...
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• MDH Partners Spends $112 Mil on Inland Empire Industrial Building
7/18/23
MDH Partners has purchased a 333.6k sf industrial building in Perris for $112.25 mil, or $337/sf, in a deal we’re told sets a record for the Inland Empire East market as measured by price per square foot for a warehouse distr...
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• Second Phase of Altadena Senior Living Facility Gets Started
7/17/23
Construction has begun on the second and final phase of Episcopal Communities & Services’ MonteCedro senior living community in Altadena. Totaling approximately 101.9k sf, the additional construction to MonteCedro Senior Livi...
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• The Premiere Residential Closes $140 Mil AZ Res Buy
7/14/23
The Premiere Residential closed on its first Phoenix area acquisition in 16 years, paying $140 mil for Soltra at SanTan Village, a newly built, 380-unit ($368.4k/unit) community in Gilbert, AZ.
Located at 1690 South San Tan ...
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• Phoenix Multifamily Community Sells for $37 Mil
7/13/23
Clarendon Park, a 138-unit multifamily community in Phoenix, sold for $37 mil, or $268k/unit. The buyer was WhiteHaven, a Phoenix-based private equity firm.
Clarendon Park features a mix of one- and two-bedroom apartment hom...
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• Work Gets Started on New Hilton Hotel in Arcadia
7/12/23
Construction is underway on Hilton’s latest hotel in Arcadia, a 173-room facility located at 123 W. Huntington Dr, near the 210 Fwy. The project is a development of VG Properties and is being built by R.D. Olson Construction....
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• Empire Group Secures $88.5 Mil for Development of 354-Unit BTR project in Phoenix
7/11/23
Tower Capital has arranged $88.5 mil in construction financing for a Build-to-Rent (BTR) community in the Phoenix market. The financing is for Village at Bronco Trail, a 354-unit project planned for development by Scottsdale-...
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• Commercial Real Estate Financing Briefs
7/07/23
BANDON CAPITAL ADVISORS - Bryan Kenny with Bandon Capital Advisors arranged an $11.5 mil refi loan for a 3.11-acre covered-land industrial site with space for Industrial Outdoor Storage (IOS) in Costa Mesa, and secured $5 mi...
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• BH Properties Introduces Affordable Housing Investment Initiative
7/07/23
BH Properties (“BH”) has launched a new investment initiative into affordable housing with a goal of ultimately building a $1 bil portfolio of assets. The new initiative will be led by veteran affordable housing executive Wi...
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• Meriwether Companies Acquires Morgan Run Club & Resort in Rancho Santa Fe
7/06/23
Meriwether Companies has acquired Morgan Run Club & Resort in Rancho Santa Fe, one of Southern California's most affluent communities. The resort, formerly known as Whispering Palms, is located at 5690 Cancha De Golf. A pric...
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