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• Cityview Buys 130-Unit Bay Area Res Community
6/19/24
Cityview has acquired Tralee Village Apartments, a 130-unit multifamily project in the Bay Area city of Dublin. The three-story project is spread across two buildings and sits above more than 30k sf of curated ground-floor re...
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• Carlsbad Biz Park Goes for Over $19 Mil
6/18/24
Arroyo Business Center, a 64k sf, multi-tenant light industrial park in Carlsbad, was purchased for $19.3 mil ($301/sf) by an unnamed global private equity firm. Located at 6352 and 6354 Corte Del Abeto, the North San Diego C...
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• Millburn & Company Buys 220-Unit AZ Multifamily Property
6/18/24
Landing at Fiesta Village, a 220-unit apartment property in Mesa, AZ, was acquired by. The asset was sold by a venture between Boston-based real estate private equity firm Rockpoint and P.B. Bell.
The Landing at Fiesta Villa...
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• J.H. Snyder Completes Renovation of 530k sf Office Property in L.A.’s Miracle Mile Area
6/17/24
J.H. Snyder has completed a multi-million-dollar renovation at 5757 Wilshire Boulevard, a Class A, 11-Story office building totaling 530k sf in L.A.’s the Miracle Mile submarket. In addition, there have been multiple leases t...
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• AZ Biz Park Trades in $33 Mil Transaction
6/17/24
A joint venture of Bendetti and Westport Capital Partners paid $32.9 mil for Broadwood Business Centre, a 156.2k sf ($210/sf), multi-tenant light industrial property in Mesa, AZ. The Southeast Valley business complex can acco...
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• San Jose R&D Facility Lands New Owner
6/14/24
A Blue Owl Capital-managed fund acquired 1010 Rincon Circle, a 90.9k sf, state-of-the-art R&D facility in San Jose. The price was not disclosed.
The property is 100% leased to Quanta Cloud Technology (QCT), a publicly traded...
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• Commercial Real Estate Financing Briefs
6/13/24
CUSHMAN & WAKEFIELD EQUITY, DEBT & STRUCTURED FINANCE -- Rob Rubano, Brian Share, Max Schafer, Lars Weston and Billy Coyle with Cushman & Wakefield secured $64.1 mil in financings for the acquisition of a Class A industrial p...
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• Commercial Real Estate Financing Briefs
6/12/24
JLL CAPITAL MARKETS -- Eric Tupler, Kristian Lichtenfels, Chris Collins, Will Mogk and Jarrod Howard with JLL Capital Markets arranged $30 mil in financing for a three-property industrial portfolio totaling 330....
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• Federal Realty Investment Trust Collects $103 Mil from Sale of Properties Along Santa Monica’s Third Street Promenade
6/11/24
Federal Realty Investment Trust has sold its remaining assets along Santa Monica’s Third Street Promenade -- eight buildings containing 185k sf of space -- for $103 mil ($557/sf). The buyer was not disclosed. Including a prev...
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• SoCal Industrial Portfolio Sold in Two Transactions Totaling $74 Mil
6/11/24
A portfolio consisting of two industrial properties spanning six buildings and 387.5k sf of space in the SoCal cities of San Marcos and Temecula was acquired by different buyers in separate deals that totaled $74 mil.
One o...
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• Multifamily Asset in Sacramento’s Elk Grove Submarket Trades for $77 Mil
6/10/24
The Artisan, a 264-unit Class A apartment community in Sacramento’s Elk Grove submarket, was acquired by Weidner Apartment Homes for $77 mil, or $291.7k/unit.
The Artisan, completed in 2005, offers one-, two- and three-bedro...
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• Leasehold Interest in Phoenix Office Campus Goes for $44 Mil
6/07/24
The leasehold interest in Sky Harbor Center, a recently upgraded 534.8k sf office campus on 37 acres in Phoenix, was acquired for $44.3 mil by a private investment partnership. The ground lessor is the City of Phoenix.
Sky H...
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• Decron Properties Closes $99 Mil Retail Buy in San Diego
6/07/24
Decron Properties has acquired Mira Mesa Market West Shopping Center, a 238.7k sf shopping center in the San Diego submarket of Mira Mesa, for $99 mil ($415/sf). The acquisition of the fully leased center included the assumpt...
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• Arizona Multifamily Community Purchased by Kairoi Residential / German American Realty Venture in a $161 Mil Deal
6/07/24
In a sizable institutional res buy in Arizona, a venture between Kairoi Residential and German American Realty, a fund and investment manager specializing in residential rental properties in the United States, acquired Carter...
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• Walker Family Breaks Ground on New 3.8 msf Class A Logistics and Cold Storage Development in Laredo, TX
6/06/24
The Walker Family has broken ground on Township Logistics Park at Talise (“TLPT”), a brand new 268-acre Class A logistics and cold storage development slated to total up to 3.8 msf of warehouse and distribution space in Lared...
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• EQT Exeter Wraps Up $70 Mil Washington Industrial Buy
6/06/24
EQT Exeter closed on a sizable industrial buy in the state of Washington, having paid $70.6 mil for Gayteway Business Park buildings B, C, F, and G. The four Class A industrial buildings total 365k sf ($193/sf) of space and s...
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• Empire Group of Companies Lands $47 Mil for Construction of Texas Build-to-Rent Project
6/05/24
Empire Group of Companies has obtained $47.4 mil in non-recourse financing for construction of Village at Mayfair, a 217-unit Build-to-Rent community in New Braunfels, TX. The project will be situated on nearly 20 acres withi...
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• Three-Building, 412k sf Peoria, AZ Industrial Project Completed
6/05/24
Caliber by Greystar, a three-building, Class A industrial development in Peoria, AZ, has been completed. Caliber marks the first development piece to deliver within Greystar’s $500 mil, 88-acre Peoria Place masterplan, which ...
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• Intercontinental Real Estate Corporation and Kennedy Wilson Spend $71.8 Mil on Stockton Industrial Facility
6/04/24
Stockton Commerce Center, a fully leased, 656k sf warehouse and distribution facility in the California Central Valley city of Stockton, was acquired by a joint venture of Intercontinental Real Estate Corporation and Kennedy ...
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• AMCAL Housing Nabs $101 Mil Refi on 335-Unit Res Community in Woodland Hills
6/03/24
AMCAL Housing, Gortikov Capital has obtained a $101 mil refi loan on The Clarendon, a 335-unit, Class A multifamily property in the western San Fernando Valley community of Woodland Hills.
Developed in 2020, The Clarendon of...
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