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• Innovative Housing Opportunities and C&C Development Wrap Up Work on Carlsbad Affordable Housing Community
7/29/24
SoCal-based affordable housing developers Innovative Housing Opportunities (IHO) and C&C Development (C&C) have completed Pacific Wind, a new 89-unit affordable housing community that replaced 22 1950s era duplexes in the cit...
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• $270 Mil SoCal Hotel Project Tops Out
7/29/24
Construction of Jamul Hotel, a $270 mil hospitality project accompanying the Jamul Casino in San Diego County, has just topped out with the final beam placement. The development is being built by C.W. Driver Companies. The de...
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• ScanlanKemparBard Buys 436k sf CO Industrial Asset
7/25/24
ScanlanKemparBard acquired a two-building, 436.5k sf R&D/manufacturing property situated within Atlas Industrial Park in Broomfield, CO. The price was not immediately disclosed.
Strategically located in the heart of the Boul...
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• New $500 Mil San Diego Mixed-Use Development Signs Two New Office Tenants
7/25/24
There have been two new office leases totaling 26k sf of space to report at West, the recently completed, 37-story mixed-use project located at 1011 Union Street in downtown San Diego. The deals include a 17k sf lease with H...
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• Private Investor Spends $28 Mil on Two Office Assets in the San Gabriel Valley
7/24/24
A private investor purchased two separate office buildings with a combined 120k sf of space in deals totaling $28.2 mil. The properties are in the San Gabriel Valley cities of Diamond Bar and Monterey Park.
One of the proper...
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• Landmark Yamashiro Restaurant Property in Hollywood Offered for Sale
7/24/24
Here's news of a very unique investment/redevelopment opportunity in Hollywood that’s just hit the market. The property is the 7.3-acre Yamashiro restaurant site located at 1999 N. Sycamore Ave, north of Franklin Ave and west...
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• Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon Spend $41.5 Mil on San Fernando Valley Industrial Asset
7/23/24
A partnership of Center Capital Partners, Authentic Capital Group and TPG Angelo Gordon acquired a 150k sf, high-image industrial facility in the western San Fernando Valley for $41.5 mil ($277/sf). The property, located at 9...
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• 1,000-Unit Res Portfolio Lands $128 Mil Refinancing
7/23/24
San Diego-based Tower 16 Capital Partners has secured a $128 mil refinancing of a four-property multifamily portfolio comprising nearly 1,000 units across California and Arizona. The new fixed-rate agency loans feature five-y...
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• Commercial Real Estate Financing Briefs
7/22/24
GANTRY -- Mike Wood and Alicia Sabanero with Gantry secured a $40 mil permanent loan to refinance The Mercer Apartments, on behalf of a private real estate investor. The multifamily property is located at 7650 SE 27th Street...
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• Mixed-Use Building in Downtown L.A.’s Historic Core Sells for $200/sf
7/22/24
An 80k sf creative office/retail building in Downtown Los Angeles' historic core traded hands in a $16 mil ($200/sf) transaction. The six-story structure is located at 612 S. Broadway.
Originally built in 1924 as Desmond's D...
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• JRK Property Holdings Buys 394-Room Hilton La Jolla Torrey Pines Hotel in $165 Mil Deal
7/19/24
JRK Property Holdings has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla from Braemar Hotels & Resorts for $165 mil. JRK made the purchase through its through its $350 mil Hospitality Fund.
The resort sits on...
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• Oceanside Shopping Center Traded in $56 Mil Deal
7/19/24
Marketplace del Rio, a 183.3k sf, high-quality neighborhood shopping center in Oceanside, was acquired by a nigh-net-worth investor in a $56.6 mil ($309/sf) transaction. The Stater Bros.-anchored center is situated on over 2...
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• EQT Exeter Pays $50 Mil for Falcon Park 303 - Phase II in Glendale, AZ
7/18/24
EQT Exeter has acquired Falcon Park 303 - Phase II, a brand new, 326k sf Class A industrial building on over 21 acres in Glendale, AZ, in a $50 mil transaction. It was sold by US Capital Development and an institutional inves...
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• Gelt Venture Partners Closes $53 Mil Multifamily Buy in Vista
7/18/24
Gelt Venture Partners LLC (GVP) has acquired Rancho Hills Apartments, a 148-unit multifamily property in Vista, for $53.5 mil, or $361.5k/unit. Built in 1986, the property is located at 856 Heatherwood Lane, southwest of Hwy ...
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• Vancouver, WA Res Community Sold in $28 Mil Transaction
7/17/24
Van Mall Retirement, a 191-unit senior living community located in Vancouver, WA, was purchased by a Pac Northwest-based owner/operator in a $28 mil ($146.6k/unit) transaction. The asset was sold by Lytle Enterprises.
Van Ma...
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• Worthe Real Estate Group Venture Acquires 27-Acre Burbank Studios Property in $375 Mil Deal
7/17/24
Burbank Studios, a 27-acre studio/production campus in Burbank’s Media District, was acquired by a Worthe Real Estate Group-led partnership in a deal said to be valued at $375 mil. The buying entity also includes QuadReal Pro...
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• Broadrange Leases 1.127 msf Logistics Facility in Denver
7/16/24
Broadrange, a Georgia-based, third-party logistics company, has signed a long-term lease for 1.127 msf encompassing the two remaining buildings in 76 Commerce Center, a Class A logistics park in Denver’s I-76 corridor. We’re ...
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• Scottsdale Medical/Office Project Purchased for $11 Mil
7/15/24
A three-story, 91.1k sf Class A office and medical office project in Scottsdale, AZ traded hands in a recent $11 mil ($120/sf) transaction. The building, 90 Mountain View I, was sold by Regent Properties.
90 Mountain View I ...
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• Clarion Partners Acquires New Reno Area Industrial Facility in $41.6 Mil Deal
7/15/24
Clarion Partners has picked up a newly constructed, 322.4k sf industrial building in McCarran, NV for $41.66 mil ($129/sf).
The property is located at 500 Denmark Drive, south of I-80 and just east of Hwy 439. Strategically...
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• Overton Moore Properties Buys 104k sf Inland Empire Industrial Facility
7/12/24
Overton Moore Properties purchased a 104.5k sf, Class A industrial building in San Bernardino from Bixby Land Company. The fully leased property is located at 19949 Kendall Dr, adjacent to I-215 just northwest of California S...
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