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January 23, 2025
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NEWS HEADLINES


New 420k sf AZ Industrial Facility Completed for Parts Town Unlimited
1/23/25
Structure is part of three-building, 1.75 msf Phase I at C|303 industrial park in Glendale

Irvine Office Building Trades in $37 Mil Deal
1/22/25
234k sf property was sold by New York Life Real Estate Investors

RISE Properties Trust Lands $92.5 Mil to Refinance Two Seattle Res Projects
1/22/25
Five-year loan was arranged by CBRE and provided by Mesa West Capital

Work Finished on 310-Unit AZ Res Development
1/21/25
Northbend in Tempe was built by McShane Construction on behalf of Banyan Residential and Milhaus

Logisticus Group Leases New 483k sf Facility at Park303 in Glendale, AZ
1/20/25
Building is part of three-building Phase 2 at Lincoln Property Group’s 210-acre project

New Luxury Res Development in the San Gabriel Valley Has Begun Leasing
1/20/25
292-unit Solana at Duarte Station is a development of MBK Rental Living

Jackson Square Properties Buys Sacramento Res Community in $52.5 Mil Transaction
1/17/25
188-unit The Lofts located in the city’s Natomas submarket

BKM Capital Partners Acquires SeaTac Industrial Park in Seattle for $29 Million
1/17/25
Property consists of three buildings totaling 130k sf

NexMetro Recapitalizes $300 Mil Build-to-Rent Portfolio
1/16/25
JLL arranges new financing from Blackstone and Artemis Real Estate Partners

Phoenix Industrial Asset Bought for $27 Mil
1/16/25
188k sf facility is fully leased by BAE Systems

Vegas Retail Center Sells in $50 Mil Deal
1/15/25
Out-of-state investor pays $437/sf for 115k sf Mountain’s Edge Marketplace

High Street Residential and Mitsui Fudosan America Start Work on 215-Unit Res Project in Scottsdale
1/15/25
Development slated for completion in mid-2027

Sunroad Secures New $188 Mil Loan on San Diego Res Community
1/14/25
Financing for 442-unit Vive Luxe was arranged by JLL

Miramar Capital Buys 333k sf Inland Empire Industrial Asset
1/14/25
Three-building Serrano Industrial Park in Jurupa Valley goes for $86 mil

Overton Moore Properties and Invesco Real Estate Begin Work on Three-Building AZ Industrial Project
1/13/25
Nextwave Tempe to consist of 689k sf across 35 acres

EastGroup Properties Inc Picks Up 519k sf AZ Industrial Park in $83 Mil Deal
1/13/25
Trammell Crow Company and CBRE IM sell Akimel Gateway in Chandler

Oregon Retail Center Sells for $427/sf
1/13/25
$44 mil deal is for Oswego Village in Lake Oswego

Arizona Industrial Portfolio Trades in Record-Setting $168 Mil Deal
1/10/25
CIP Real Estate buys 809k sf Broadway 101 Commerce Park in Mesa

San Mateo Retail Center Trades in $127 Mil Transaction
1/10/25
Sterling Organization and Cohen & Steers buy 232k sf Bridgepointe Shopping Center

Tower 16 Capital Partners Buys 167-Unit Build-to-Rent Community in Phoenix
1/09/25
Acquisition of Yardly McDowell marks firm’s ninth buy in the market

Pathfinder Partners Closes $28 Mil Seattle-Area Res Buy
1/08/25
Firm acquires 105-unit Sundance community

Commercial Real Estate Financing Briefs
1/08/25
Recent transactions from BWE, Gantry and Marcus & Millichap Capital Corporation

LaSalle Investment Management Buys 536k sf AZ Industrial Property
1/07/25
$112 Mil Deal is for five-building Tempe Commerce Park

Legacy Partners and DWS Start Work on Ontario Res Community
1/07/25
New development will contain 346 units in eight buildings

Blox Ventures Buys Loan Against Emeryville Office Building
1/06/25
Loan on 109k sf asset was acquired at 68% discount to December 2024 maturity value

Historic Colman Building in Downtown Seattle Trades Hands
1/03/25
144k sf retail/office property was built over 125 years ago

Trojan Storage Secures $70 Mil in Financing on Four California Self-Storage Assets
1/03/25
Gantry arranges permanent loan on properties in San Jose, Campbell, Rancho Cordova and Camarillo

Construction Topped Out on 265-Unit Res Project in Gardena
1/02/25
Apollo is a development of Cityview and Stockbridge

George Oliver and Ascentris Spend Over $42 Mil on Office Property in Old Town Scottsdale
12/31/24
Partnership to redevelop asset along with adjacent properties into a new experiential office campus

Seattle Area Industrial Portfolio Trades in $64 Mil Deal
12/31/24
Sale is of two properties in Kent, WA totaling 315k sf

San Diego Modular Affordable Housing Project Lands $112 Mil in Financing
12/30/24
JLL arranges construction loan and preferred equity for Impact Housing and Verbena Road Holdings’ Mission Gorge multifamily development

Cityview Buys 112-Unit Res Property in Hollywood
12/27/24
50-year-old Candela is viewed as a value-add opportunity

Bay Area Res Community Trades in $200 Mil Transaction
12/26/24
Interstate Equities Corporation buys 468-unit Summerwood Apartments in Santa Clara

Envision / Faring Venture Pays $90 Mil for Beverly Hills Office Building
12/24/24
133k sf property goes for $675/sf

Oregon Multifamily Community Traded for Over $29 Mil
12/24/24
146-unit Barclay Village in Oregon City goes for $200k/unit

TA Realty Buys 193k sf Inland Empire Industrial Facility
12/24/24
Slover & Elm Commerce Center in Fontana was sold by Brookfield

WHAT'S NEW
Houston Office Market Sees Negative Absorption in Fourth Quarter 2024
1/21/25
Latest research from Avison Young shows strong demand for newly delivered product

Early Signs of Stabilization in LA County’s Office Market as Q4 2024 Vacancy Rates Reach Trough
1/20/25
New report from NAI Capital Commercial suggests the market is beginning to stabilize

Silicon Valley Office Market Sees Strong Leasing Activity and Declining Vacancy Amid Construction Slow-Down
1/15/25
CBRE provides end of year update on the market

Sacramento Industrial Market Sees Slowdown
1/09/25
End of year report provides latest numbers

San Diego’s Industrial Market Faces Mixed Signals Entering 2025
1/08/25
Year-end update on the region from Kidder Mathews

Orange County Industrial Market Continues Cooling Trend
1/02/25
Year-end report from Kidder Mathews shows slight increase in vacancy rate for the sector

Smaller Office Space Showing Greater Market Resilience than Larger Spaces in Phoenix
12/05/24
Phoenix Insight report from Cushman & Wakefield highlights the current space preference trend for this sector

SoCal Economy’s Resilience Unable to Alleviate Continuing Housing Shortage
11/12/24
University of Southern California Casden Real Estate provides its annual economics forecast for the region’s multifamily industry

Downtown Denver’s Office Rent Growth Rivaled by Few Other North American Tech Hubs
11/27/24
CBRE reports that Denver’s tech companies received a majority of metro’s venture capital funding in the first half of 2024.

L.A. County’s Office Market Navigates Challenges as Property Sales Set New Benchmarks
10/21/24
3rd quarter 2024 update from NAI Capital Commercial suggests owners are looking to more adaptive re-use opportunities

Phoenix Medical Office Vacancy Rises Slightly as Sector Sees Second Consecutive Quarter of Negative Net Absorption
11/20/24
Kidder Mathews provides 3rd quarter snapshot of the market

Denver Multifamily Market Ends 3rd Quarter with a 94% Occupancy Rate
11/04/24
CBRE provides quarter-ending numbers for the sector

 
ETC. ETC...
The Koll Company Buys 142k sf Industrial Facility in Aurora, CO
1/23/25
Firm pays $15.8 mil for BOMA Award-winning single-tenant building

CapRock Partners Starts Work on Phase 2 of 3.4 msf AZ Spec Industrial Project
1/23/25
Construction will consist of 825k sf of space in three buildings

Colorado Medical Outpatient Building Trades
1/22/25
Deal is for 104k sf Longmont Medical Campus in Longmont

The Toy Association Inks Lease for 95k sf in El Segundo
1/22/25
Firm takes four floors at 340k sf tower at 101 Continental Blvd

Erskine Property Group Spends $6.2 Mil on AZ Office/Flex Asset
1/22/25
36k sf Arrowhead Professional Plaza is fully leased to 12 tenants

Senior Housing Portfolio in Oregon Lands $40 Mil Refi Loan
1/21/25
Transaction was arranged by JLL for three properties in Eugene and Springfield

NoCal Multifamily Brokerage Team of Keith Manson, Zachary Greenwood and Mac Watson Joins Cushman & Wakefield
1/21/25
Veteran trio to be based out of the firm’s San Francisco and East Bay offices

Expansion Lease by Foxx Development Brings Otay Mesa Industrial Development to 100% Leased
1/17/25
Firm has taken the entire two-building, 203k sf Britannia Tech Park

Irvine Office Building Sells for $42 Mil
1/15/25
SoCal investor pays $135/sf for 311k sf asset at 2600 Michelson

Private Investor Spends Over $7 Mil on Tempe, AZ Industrial Property
1/15/25
Buyer to make additional improvements to the 40k sf building

Realterm Closes on 13-Property IOS Portfolio Buy
1/13/25
Acquisition consists of 13 industrial outdoor storage properties in seven U.S. markets

Advanced Manufacturing/R&D Facility in Seattle’s SoDo Neighborhood Lands $40 Mil in Financing
1/13/25
Cushman & Wakefield arranges money on 210k sf Track6 project

Barker Pacific Group Founder and CEO Michael Barker Passes Away
1/10/25
Veteran CRE developer and owner was 80

Montecito Medical Real Estate Spends $30 Mil on AZ Medical Office Property
1/10/25
Deal for Chandler Medical Pavilion works out to $455/sf

City of Los Angeles Buys Five Acres of Land in Harbor City
1/09/25
Undeveloped site will be used for a clean energy electric bus charging faciity

UCLA Launches New Master of Real Estate Development Program
1/09/25
Greg Morrow will lead the Luskin School–based initiative

Bay Area Industrial Outdoor Storage Portfolio Acquired by Realterm in a $25 Mil Transaction
1/08/25
Purchase consists of two assets totaling 267k sf

Vegas Industrial Asset Picked Up in $12.5 Mil Deal
1/07/25
50k sf Edmond Russell Triangle goes for $250/sf

Single-Tenant Salt Lake City Warehouse Trades
1/07/25
41k sf facility on seven acres sold by ViaWest Group

Industrial Asset in North Las Vegas Sells for $232/sf
1/07/25
California exchange investor spends over $17 mil on 75k sf property

Investor Obtains $39 Mil in Loans on Two Phoenix-Area Industrial Properties
1/06/25
Gantry arranges insurance company money on Parc Germann Industrial Park and Ray Industrial Park

Tyler Epting and Kris Hagar Join Cushman & Wakefield
1/03/25
Duo will focus on industrial, manufacturing, logistics, flex, and R&D leasing and sales transactions

San Francisco Office Tower Closes Four Lease Signings
1/02/25
Deals at 221 Main Street include a relocation for 34.5k sf by Proof School

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