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• DTLA’s Gas Company Tower Listed for Sale
5/15/24
The Gas Company Tower, a 52-story, LEED-Gold-certified office tower totalling 1.373 msf of office space in downtown Los Angeles has been put on the market. The property was formally owned by an affiliate of Brookfield Asset M...
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• Newly Constructed AZ Logistics Center Sold in Two Deals Totaling $118.6 Mil
5/14/24
Tucson Commerce Center, a collection of three brand new Class A industrial/logistics buildings totaling 806.6k sf on approximately 47.5 acres in Tucson, AZ, traded hands in two deals with separate buyers totaling $118.65 mil ...
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• Bell Partners Completes $146 Mil Res Buy in the Inland Empire
5/14/24
Bell Partners has acquired Silverado Apartment Homes, a 492-unit apartment community located in Murrieta, CA, in a $146.5 mil ($298k/unit) transaction. The community, which was acquired on behalf of the company’s Value Add Fu...
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• Colorado Medical Office Building Gets New Owner
5/13/24
A Chicago-based institutional fund purchased Orchard Park Medical Center, a two-story, 75.6k sf medical office building in Westminster, CO, a suburb of Denver. The price was not disclosed.
Located at 14190 Orchard Pkwy, on t...
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• Millburn & Company Pays $243k/Unit for Newly Constructed AZ Res Community
5/10/24
Millburn & Company purchased Parc Tolleson, a 258-unit Class A multifamily community in Tolleson, AZ, in a recent $62.75 mil ($243k/unit) transaction. The property was sold by Evergreen Devco Inc.
Completed in 2023, the gard...
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• WNC & Associates Closes $300 Mil Equity Fund
5/10/24
WNC & Associates has closed WNC Institutional Tax Credit Fund 56, L.P. (Fund 56) which includes 24 multi-family properties across 16 states. Fund 56, a $302 mil equity fund that closed in April 2024, is WNC’s largest multi-in...
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• JPI Picks Up Site at Mosaic Redevelopment Project in Downtown Long Beach
5/09/24
JPI acquired a 1.58-acre portion of the Mosaic redevelopment site in downtown Long Beach. The parcel, bound by Long Beach Blvd, 4th St, The Promenade North, and 5th St, is entitled for 272 units of Class A luxury for-rent apa...
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• Vertical Ventures Buys 137k sf, Class A Office Asset in Scottsdale, AZ
5/08/24
Vertical Ventures has acquired Northsight Corporate Center, a 136.7k sf, Class A single-tenant office building in Scottsdale, AZ. The freestanding three-story property is 100% leased to one of the world's largest investment m...
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• Colliers and Hilco Awarded Marketing and Disposition of Oceanwide Plaza
5/08/24
The listing assignment for Oceanwide Plaza, one of Downtown Los Angeles' largest and most ambitious development projects, has been awarded to a team of Colliers and Hilco. The unfinished mixed-use residential, hotel and retai...
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• ViaWest Group Picks Up 94k sf Industrial Asset in Phoenix
5/07/24
ViaWest Group acquired a 94.2k sf, freestanding industrial building on 4.20 acres in Phoenix. The single-tenant facility, which underwent a significant renovation in 2023, is located at 1002 South 54th Ave and is 100% leased ...
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• AAA Management Lands $78 Mil in Construction Money for 251-Unit San Diego Res Development
5/07/24
San Diego-based AAA Management has obtained $78.5 mil in construction financing for Ion Clairemont, a 251-unit, mid-rise multifamily development in San Diego’s Kearny Mesa area. The project, located at 8333 Clairemont Mesa Bl...
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• Albanese Cormier Buys 162k sf Retail Center in Rancho Mirage
5/07/24
Albanese Cormier purchased Rancho Las Palmas, a 162.4k sf, grocery- and drug-anchored shopping center located within the Palm Springs MSA in Rancho Mirage. The asset was sold by DRA Advisors and Paragon Commercial Group.
S...
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• Dalfen Industrial Picks Up 340k sf Industrial Facility in the Inland Empire
5/06/24
Dalfen Industrial acquired a 340k sf, Class A industrial facility in San Bernardino from Bixby Land Company. Built in 2018, the property is located at 4982 Hallmark Pkwy, north of the 210 Fwy and adjacent to the west side of ...
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• Trammell Crow Company and CBRE Investment Management Finish Work on 500k sf Bay Area Biz Park
5/03/24
Trammell Crow Company and CBRE Investment Management have completed construction on Cochrane Technology Center (CTC), a 500k sf, Class A business park in the Bay Area city of Morgan Hill. The development is currently the larg...
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• Galveston, TX Luxury Condo Project to Move Forward with $100 Mil in Construction Money
5/02/24
Satya has secured $100 mil in construction money for construction of Tiara on The Beach, a 63-unit condo project in Galveston, TX. The loan is being funded through International Bank of Commerce. The 10-story development repr...
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• Fundrise Lands $125 Mil on Four-Property Logistics Portfolio
5/02/24
Fundrise has obtained $125 mil in financing on an industrial portfolio comprising four single-tenant industrial warehouse and distribution assets in the metropolitan statistical areas (MSAs) of Phoenix, Las Vegas and Dallas/F...
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• Workforce Housing Project in Central Maui Opens to the Public
5/01/24
Kaulana Mahina Apartments, a 324-unit community in the Central Maui community of Wailuku, Hawai’I, has been completed and is now open to the public. The residential project is a development of Legacy Partners and AFL-CIO Bui...
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• Phoenix Office Asset Trades in $86 Mil Transaction
5/01/24
24th at Camelback, a 308.5k sf, Class A office asset in Phoenix's Camelback Corridor, sold for $86.1 mil, or $279/sf. The asset was acquired by an unnamed, international family investment entity in an all-cash transaction.
...
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• Washington Apartment Property Sells for $53 Mil
4/30/24
2000 Lake Washington, a 186-unit multifamily community in Renton, WA, traded hands in a $53.2 mil ($286k/unit) transaction. The asset was sold by New York Life Real Estate Investors.
Situated on 9.2 acres at 1300 N 20th St i...
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• Kennedy Wilson and Haseko Corporation Team Up in $90 Mil WA Multifamily Buy
4/30/24
A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation on a $90 mil multifamily buy in Vancouver, WA. The venture acquired a two-property, 350-unit ($257k/unit) portfolio consisting of The Farmstea...
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