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• Chatham Lodging Trust Acquires 148-Room Hotel Property in Phoenix
6/03/24
Chatham Lodging Trust purchased the 148-room Home2 Suites by Hilton Phoenix Downtown in a $43.3 mil ($293k/room) transaction. The asset was sold by Anish Hotels Group.
Strategically located in the heart of downtown at 125 Ea...
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• Commercial Real Estate Financing Briefs
5/31/24
CBRE CAPITAL MARKETS - Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, Nick Santangelo and Jim Korinek with CBRE's Capital Markets Debt and Structured Finance team secured a $44 mil refi loan on Queen Creek Commerce...
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• South OC Office Asset Traded in $42 Mil Deal
5/31/24
MicroVention, a neuroendovascular medical device company, has acquired 45 Enterprise, a 242.7k sf, high-rise office building in Aliso Viejo, for $42.25 mil, or $183/sf.
45 Enterprise is a nine-story vacant building built in...
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• Younan Properties Buys Phoenix Office High-Rise in $25 Mil Transaction
5/30/24
A 350k sf, high-rise office building in the heart of Midtown Phoenix was acquired by Younan Properties in a $24.5 mil ($70/sf) transaction. The property, 3200 Central, is fully renovated and offers new ownership an immediate ...
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• Advanced Real Estate Adds 68-Unit OC Res Community to Its X Fund
5/30/24
Advanced Real Estate has acquired Beachpoint, a 68-unit multifamily asset in Huntington Beach, in a recent $25 mil purchase. The property, which includes a 12k sf multi-tenant office building, will be added to Advanced’s X Fu...
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• Rexford Industrial Spends $143 Mil on Two SoCal Buys in May
5/30/24
Rexford Industrial Realty closed on two industrial property purchases in deals with a combined price of $143 mil during the month of May. The SoCal-based firm also completed the disposition of three properties for an aggregat...
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• PATH Ventures Finishes Supportive Housing Project in the City of Carson
5/29/24
PATH Ventures, a nonprofit affordable housing developer and service provider, has completed work on West Carson Villas, a $42.5 mil, 111-unit supportive housing project in the L.A. area city of Carson. The development was bui...
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• La Salle Investment Management Sells Two Playa Vista Office Assets for $75 Mil
5/29/24
La Salle Investment Management collected $75 mil from the sale of two office properties in Playa Vista. The assets were acquired by two different buyers in separate deals.
One of the properties, The Annex, a 131.9k sf low-ri...
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• Commercial Real Estate Financing Briefs
5/28/24
CBRE CAPITAL MARKETS - Mark McGovern, Brian Cruz, Morgon Fraser and Colby Matzke with CBRE Capital Markets' Debt and Structured Finance team secured a $22.65 mil refi loan on Fiesta Plaza, a 187.3k sf, grocery-anchored retail...
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• First Link Apartments℠ in CA Has Started Leasing in Oakland
5/27/24
Link Apartments℠ Four12, a 157-unit res development in Oakland’s Jack London Square, has been completed and is now available for leasing. Located at 412 Madison St, the project is a development of Swenson, in partnershi...
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• Monterey Park Res Development Secures $15.5 Mil in C-PACE Financing
5/24/24
Whitmore Villa, a $52 mil multi-family housing development in the San Gabriel Valley city of Monterey Park, has received $15.5 mil in C-PACE financing. The project is being developed by Chateau Group on behalf of project spon...
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• Tempe Res Development Finishes Construction
5/23/24
Vero, a 199-unit, seven-story multifamily development in Tempe, AZ, has been completed. The project, located at 651 E. 6th St. in Tempe’s Novus Innovation Corridor, was developed by Transwestern Development Company (TDC®) and...
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• Community Preservation Partners Acquires 102-unit San Jose Senior Housing Project
5/22/24
CPP (Community Preservation Partners) has acquired Corinthian House, a 102-unit senior housing project in southwest San Jose, with plans to renovate the property. This is the fourth community in the Bay Area for CPP, jo...
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• Denver Golf Club Acquired by NY-Based LCP Group
5/21/24
Green Valley Ranch Golf Club, a high-end, daily fee facility situated in northeast Denver, has traded hands. The buyer was LCP Group, a White Plains, NY-based real estate investment manager and advisor.
Built in 2001, Green ...
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• Santa Monica Office Project Completed
5/20/24
Work has finished on 1650 Euclid Street, a three-story, 65k sf office complex in Santa Monica. The mixed-use project was designed by House & Robertson Architects for owners Redcar Properties. The general contractor was C.W. D...
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• Flexible Gilroy Building Sells for $13.8 Mil
5/17/24
A 125.6k sf commercial building on 13.7 acres in the Silicon Valley city of Gilroy traded hands in a $13.8 mil ($110/sf) transaction.
Located at 7900 Arroyo Circle, with extensive freeway frontage along Hwy 101, the propert...
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• Just Completed Res Development Brings 195 Units to South San Francisco
5/17/24
Sares Regis Group of Northern California (SRGNC) has completed construction on Celeste, a 195-unit residential development in downtown South San Francisco, adjacent to the city’s Caltrain station. The project was designed by ...
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• GMD Development and WNC & Associates to Build 182-Unit Affordable Housing Project in Seattle
5/16/24
GMD Development and WNC & Associates are set to begin construction on Victory Northgate, a new six-story affordable housing development in north Seattle. Victory Northgate is scheduled for completion in April 2026.
The de...
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• Stockbridge Buys 540k sf Inland Empire Industrial Portfolio for $142 Mil
5/16/24
San Francisco-based Stockbridge acquired a two-building, 540.5k sf industrial portfolio in the Inland Empire West in a $142.25 mil ($263/sf) transaction. The portfolio consists of two freestanding Class A buildings located a ...
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• Rockefeller Group Starts Work on Two Build-to-Rent Communities in Phoenix
5/15/24
Rockefeller Group has broken ground on Corsica Villas, two build-to-rent (BTR) communities totaling 152 townhomes in South Phoenix, the company’s first BTR communities in Arizona. Rockefeller Group has selected Mosaic, the na...
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