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• Chula Vista Multifamily Property Trades for $116 Mil
2/06/24
Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, traded in a $116 mil ($425k/unit) transaction. The purchase was funded in part by a $71.8 mil acquisi...
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• American South Fund Management Closes Latest Fund with $174 Mil in Equity Commitments
2/06/24
Emerging manager American South Fund Management (ASFM), a joint venture between SDS Capital Group and Vintage Realty, has closed on its American South Real Estate Fund II (“ASREF II”) with $174 mil in equity commitments, near...
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• Washington Industrial Property Acquired by Owner/User in $41 Mil Deal
2/05/24
The Cascade Building, a 10.33-acre industrial park located in the Eastown Jobs Center of Bonney Lake, WA, was acquired by Walter E. Nelson Co in a $41 mil transaction. The property includes 184k sf of building space.
The Cas...
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• San Diego Flex Biz Park Sells for $45 Mil
2/05/24
Sorrento View Business Park, a seven-building, multi-tenant, Class A, mixed-use/flex business park in the central San Diego location of Sorrento Mesa, sold for $45 mil. The 139.3k sf ($323/sf) property is located at 5945-5965...
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• Marriott Courtyard Residence Inn Project in Sand City, CA Lands $67 Mil in Construction Money
2/02/24
EKN Development Group and Garn Development have obtained $67.1 mil in construction financing for the development of a 215-key, duel-branded hotel, Marriott Courtyard Residence Inn in Sand City, CA. The financing, which was ar...
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• Fee Interest in Washington Industrial Site Goes for $96 Mil
2/01/24
Columbia Business Center, an industrial site totaling approximately 113 usable acres in Vancouver, WA, sold in a $96 mil transaction for the leased fee interest in the land. We’re told this deal represents the largest single ...
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• Tidewater Capital Receives Final Approvals for Two Oakland Res Developments
1/31/24
San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown.
The 533 Kirkham ...
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• Newly Constructed 243k sf Industrial Facility in Salt Lake City Trades
1/30/24
A newly constructed, 243.2k sf Class A industrial building on just under 32 acres in Salt Lake City, UT was acquired by a global investment manager. The asset – Building C - comprises part of the new Mountain View Industrial ...
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• OC Res Development Lands $128 Mil in Construction to Permanent Financing
1/29/24
Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
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• The Conservation Fund Acquires 3,650-Acre Cattle Ranch Near San Jose
1/29/24
Richmond Ranch, a 3,654-acre property near San Jose, was purchased by The Conservation Fund (TCF), a nonprofit organization committed to preserving U.S. land and water, for $16 mil. The property is a working cattle ranch with...
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• Matteson Capital and AO Partners Looking to Build the Tallest Building in the U.S., in Oklahoma City
1/26/24
Matteson Capital and AO are hoping to build the tallest building in the United States in Oklahoma City. The development venture is going to request a variance from the City of Oklahoma City to increase the height for one of t...
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• Broadcom to Sell 13 R&D Buildings Totaling Over 1 msf in Silicon Valley
1/26/24
Broadcom plans to sell the unused portion of its Palo Alto Campus at Stanford Research Park. Situated on 69.5 acres, the unused portion of Broadcom’s Palo Alto Campus at Stanford Research Park features 13 state-of-the-art R&D...
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• DPI Retail Buys Inland Empire Shopping Center in $24 Mil Deal
1/25/24
DPI Retail purchased Tri-City Center, a 151.7k sf shopping center in San Bernardino, in a recent $24.3 mil ($160/sf) transaction.
Built in 1987, the 100%-occupied center is anchored by a 24-Hour Fitness and Curacao. Addition...
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• Stockbridge Capital Group Sells 1.7 msf Light Industrial Portfolio to Two Buyers
1/25/24
Stockbridge Capital Group has sold a 1.7 msf multimarket light industrial portfolio known as Project RedHawk. The portfolio was sold in four separate transactions to two different buyers between December 2023 and January 2024...
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• Work Underway on Nestle USA’s New 700k sf Distribution Center at Tejon Ranch
1/24/24
Construction is underway on a new distribution center for Nestlé USA Inc, the world’s largest food and beverage company with a robust U.S. footprint. The new multi-story building, which will be more than 700k sf, will be loca...
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• Two-Building Asset in the Eastern San Gabriel Valley Fetched a Combined $12.2 Mil in Two Deals
1/24/24
Plaza Diamond Bar, a two-building property in the eastern San Gabriel Valley city of Diamond Bar, was acquired by two private investors in separate deals totaling $12.2 mil. The seller of both assets was a partnership led by ...
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• Commercial Real Estate Financing Briefs
1/23/24
GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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• TriColor Auto Group Preleases New 258k sf AZ Industrial Project
1/23/24
TriColor Auto Group has agreed to pre-lease a new, 258k sf Class A industrial development in Surprise, AZ. TriColor, an online auto sales and financing company, expects to bring up to 500 new jobs to the area.
The building, ...
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• AZ Build-to-Rent Development Lands $66 Mil Bridge Loan
1/22/24
Bela Flor Communities has obtained a $66 mil bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, AZ. Over half of the units are leased and occupied at the property, which recently complete...
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• The Bascom Group Closes First Acquisition in Albuquerque
1/19/24
The Bascom Group LLC has acquired the Overlook Apartments, a 344-unit, garden-style multifamily property in Albuquerque, NM. Built in 1988, the property is located at 6200 Eubank Blvd, just south of Academy Rd.
Located withi...
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