|
• Portland Res Community Lands $45 Mil Refi
7/11/24
In a recent multifamily financing deal, The Dylan, a 232-unit multifamily asset with 6.2k sf of ground floor retail in Portland, landed a $45 mil refi loan provided by PCCP LLC. The property is owned by a joint venture betwee...
|
• Rose Equities and Garden Communities Purchase Aging Torrance Office Building for Res Project
7/11/24
Rose Equities and Garden Communities have acquired a 65.3k sf office building situated on a 5.5-acre site in Torrance for $30.6 mil in an off-market deal. The building, located at 2325 Crenshaw Blvd, has served as the regiona...
|
• Seattle Multifamily Property Comps at $290k/Unit
7/10/24
In a recent multifamily comp out of Seattle, Dexter Hayes, a 65-unit, Class A apartment building, traded for $18.85 mil, or $290k/unit. The property is located at 1701 Dexter Avenue N. in the city’s vibrant Westlake neighborh...
|
• Davlyn Investments Locks Up $56 Mil Refi Loan on Sacramento Area Res Community
7/09/24
Davlyn Investments has landed a $56.2 mil refi loan on Ascent at the Galleria, a green-certified, 273-unit multifamily property located in Roseville, CA. The financing was arranged by Mitch Clarfield and Meghan Varga with New...
|
• CapRock Partners Buys 700k sf Industrial Warehouse in the Reno, NV Area
7/09/24
CapRock Partners has acquired 3200 USA Parkway, a 707k sf, cross-dock industrial warehouse in Sparks, NV. The Class A distribution building is within the Tahoe-Reno Industrial Center ("TRIC"), a premier industrial park within...
|
• GPR Ventures Closes $42 Mil Sacramento Area Industrial Buy
7/08/24
GPR Ventures has acquired Capitol Industrial Center North & South, a 335.7k sf industrial property in Rancho Cordova. The multi-tenant biz park traded for $42.7 mil ($127/sf) and boosts GPR’s portfolio in the Sacramento regio...
|
• High-End Denver Res Community Sells for $640k/Unit
7/05/24
Epp & Sons Inc has acquired One19 Cherry Creek, a 36-unit multifamily community in Denver, in a $23.05 mil transaction. That works out to a price of $640k per unit for the high-end res project.
Located at 119 S. Harrison St ...
|
• RXR and Korman Communities Acquire New 400-Unit Luxury Res Development in Phoenix
7/02/24
A venture between RXR and Korman Communities acquired The Blake, a 400-unit luxury multifamily community in Phoenix. The property was sold by a venture between StreetLights Residential and an affiliate of RED Development.
Th...
|
• Upscale Retail Center in Malibu Trades in a Deal Worth Near $2,000/sf
7/02/24
The Park at Cross Creek, an upscale, 39.4k sf retail center anchored by a custom-built Whole Foods Market in Malibu, has traded hands. Situated on just under six acres at 23401 Civic Center Way, the asset was sold by The Gers...
|
• King County in Washington Buys Historic Dexter Horton Building in Seattle
7/01/24
King County in Washington has acquired the landmark Dexter Horton Building, a 16-story, 389k sf office building in downtown Seattle. The structure, built in 1922-1924, was acquired for $36.6 mil.
Located at 710 2nd Ave, the ...
|
• Office Property Sells for $18 Mil in Owner-User Deal
7/01/24
Hampton Tedder Electric purchased a 98.9k sf, Class A office building in the city of Orange for $17.9 mil ($181/sf). The buyer plans to occupy the 15.7k sf top floor at the building, located at 999 Town & Country.
The four-s...
|
• Mill Creek Residential Buys 290-Unit TX Res Community
6/28/24
Boca Raton-based Mill Creek Residential acquired The Park on Brodie Lane, a 290-unit multifamily asset located at 6607 Brodie Lane in Austin, TX. The price was not disclosed.
Situated across 39 acres, The Park on Brodie Lan...
|
• Schnitzer Properties Starts Work on 295k sf Industrial Project in Goodyear, AZ
6/28/24
Portland-based Schnitzer Properties has started construction on Palm Valley Commerce Center, a 294.8k sf, Class A industrial project in Goodyear, AZ. Located at Auto Drive and 137th Ave in the rapidly expanding Phoenix-Goodye...
|
• Large 262-Acre Development Parcel in Bend, OR Being Marketed for Sale
6/27/24
Oregon Department of State Lands has put on the market 262 acres of developable land in Bend, OR. Referred to as the Stevens Road Tract – Phase II, the property is within the City of Bend Urban Growth Boundary and presents th...
|
• Luxury Res Development in Sunnyvale is Completed and Available for Leasing
6/26/24
Leasing is underway at The Martin, a new 479-unit, apartment community in downtown Sunnyvale. The 12-story project, a development of Sares Regis Group of Northern California (SRGNC), is located at 240 S. Taaffe St, south of C...
|
• BKM Capital Partners Spends $62 Mil on Portland Industrial Asset
6/25/24
BKM Capital Partners (BKM) has acquired Columbia Commerce Park, a 10-building property in Portland’s Airport submarket. The Newport Beach-based real estate fund manager and operator paid $62.7 mil for the multi-tenant light i...
|
• 400-Unit Phoenix Res Development Lands $120 Mil in Construction Money
6/24/24
VeLa Development Partners has obtained $120 mil in construction financing for the development of Ray Phoenix, a 401-unit, 26-story multi-family residential building located in downtown Phoenix. The financing was arranged by J...
|
• Lincoln Property Boosts Amenities at New AZ Office Project to Better Meet Current Tenant Needs
6/21/24
Lincoln Property Company plans to include an expanded amenity package and move-in-ready speculative office space at Union Building One, the first of four Class A office buildings they are developing in partnership with Harvar...
|
• Portfolio of Six Gas Stations in Las Vegas and Phoenix Fetches $39 Mil
6/21/24
LV Petroleum LLC has sold a portfolio of six gas station properties in the Phoenix and Las Vegas metros to separate buyers in deals totaling $39 mil. The seller will lease-back all of the properties with 20-year, absolute tri...
|
• Trammell Crow Company Picks Up San Fernando Valley Site for 350-Unit Res Project
6/20/24
Trammell Crow Company has purchased a 4.78-acre site in the San Fernando Valley with plans to build a residential development on the property. High Street Residential, TCC’s residential subsidiary, will develop the 350-unit m...
|
Return to the Home Page area
