• West End Office Park

    Bridge Investment Group Enters Twin Cities Office Market with Purchase of West End Office Park

    January 24, 2020— Bridge Investment Group LLC’s (Bridge) subsidiary Bridge Office Fund Manager (Bridge Office) announced today the acquisition of West End Office Park (“WEOP”), 568,000-square-foot, six-building creative office portfolio located in the high-performing West End submarket of Minneapolis, Minnesota. Centrally located at the intersection of Interstate 394 and...
  • South Station

    JLL Arranges $870M Construction Loan for South Station Redevelopment

    January 24, 2020 – JLL Capital Markets announced today that it has arranged an $870 million construction loan for the first phase of the South Station redevelopment, which comprises a 1.2 million-square-foot, 51-story mixed-use tower that will be built at Boston’s South Station transportation hub. The South Station redevelopment...
  • 150 North Michigan

    CBRE Global Investors Lands Trio of New Leases at Iconic 150 North Michigan Tower

    January 23, 2020 – CBRE Global Investors announced today the signing of three lease agreements at 150 North Michigan, a Class A 41-story office tower known for its iconic diamond-shaped peak, sweeping views of Lake Michigan and Millennium Park, and proximity to leading entertainment and retail destinations. The German...
  • Flagler Village

    Native Realty Brings Mitch’s Westside Bagels to Motif in Flagler Village

    January 23, 2020 – Native Realty, the pioneering Fort Lauderdale-based real estate firm led by Founder and CEO Jaime Sturgis, finalized a lease for popular restaurant Mitch’s Westside Bagels to open a new location at Flagler Village development Motif. Sturgis and the firm’s John Brewer arranged the transaction. A...
  • Scranton Retail

    SRS Completes the $9 Million Acquisition of Sorrento Plaza

    January 23, 2020– SRS Real Estate Partners’ National Net Lease Group has completed the $9 million acquisition of Sorrento Plaza, a fully occupied, 11,901-square-foot shopping center in the Sorrento Valley submarket of San Diego, CA. The 100 percent occupied property includes Subway, Rubio’s Coastal Grill, Opera Patisserie, Croutons and...
  • Arizona Fireplaces Purchases Industrial Showroom in Phoenix

    January 23, 2020 – Cushman & Wakefield announced that Phoenix-based Arizona Fireplaces purchased 3422 E. Roeser Road in Phoenix for $2.28 million from Morton Perry Real Estate LLC. Arizona Fireplaces plans to renovate and occupy the property the second quarter of 2020. Phil Haenel of Cushman & Wakefield Phoenix...
  • Fountains of Bayou

    Newport Real Estate Partners, LLC Acquires 460-Unit Apartment Property in Houston

    January 22, 2020 – Co-Founders and Principals Matt Wilson and Jack Franco of Newport Real Estate Partners, LLC, a newly launched real estate firm that is focused on the acquisition and repositioning of value-add multifamily properties, announced today they have completed the firm’s first acquisition. The property, which is...
  • Woodbrodge Corporate Plaza

    KBS Signs Lease Extension with BNP Paribas for 53,186 SQFT

    January 22, 2020– KBS, one of the largest investors in premier commercial real estate in the nation, announced today that it has signed a lease extension for 53,186 square feet with BNP Paribas at Woodbridge Corporate Plaza in Iselin, New Jersey. Woodbridge Corporate Plaza, part of KBS’ client portfolio,...
  • 3500 Cedar

    Stepp Commercial Completes $4.75 Million Sale of a 20-Unit Apartment Property in Long Beach, CA

    January 22, 2020 – Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $4.75 million sale of a 20-unit apartment property located at 3500 Cedar Avenue in Long Beach, CA. Stepp Commercial Principal Robert Stepp and Senior Vice President Michael Toveg represented the...
  • Canyon Park East

    Wood Investments Acquires Two Shopping Centers Totaling 300,000 SF

    January 22, 2020 — Wood Investments Companies, Inc., a leading California commercial real estate investment and management company specializing in retail, announced today the acquisition of a two-property retail investment totaling nearly 300,000 square feet and 31.7 acres in Twin Falls, Idaho. “These two properties, Canyon Park East and...
  • Tiger Industrial

    Cushman & Wakefield Sells Tiger Industrial Center for $8.35 Million

    January 17, 2020 – Cushman & Wakefield has completed the sale of Tiger Industrial Center, a fully leased 103,511-square-foot (sf) industrial park in Phoenix. New York-based KKR acquired the property, located at 4901 & 4929 W. Van Buren Street, from Los Angeles-based Dunbar Real Estate Investment Management for $8.35...
  • Todos Santos Concord

    NKF NorCal’s Retail Capital Markets Advises on Sale of Concord Shopping Center

    January 22, 2020 — Newmark Knight Frank (NKF) Retail Capital Markets has announced the sale of The Shops at Todos Santos Plaza, an entire city block of urban retail located in the heart of downtown Concord, one of the San Francisco Bay area’s strongest growth markets. Comprised of 15...
  • S. Lew & Associates, Inc. Purchases 401-Unit Seattle Multifamily Community for $90 Million from The ConAm Group

    January 21, 2020 – San Diego-based S. Lew & Associates, Inc. and investors have purchased the 401-unit Avery at the Reserve apartment community from The ConAm Group of San Diego for $90 million. The acquisition strengthens the company’s presence in the Pacific Northwest, representing its fifth multi-family apartment community...
  • Sterling Pointe Apartments

    Ridge Capital Investors JV Acquires Sacramento, CA Community for $33 Million

    January 21, 2020 – Ridge Capital Investors, LLC and Contrarian Capital Management, LLC have acquired a 250-unit, suburban Sacramento, CA apartment community for $33 million. Sterling Pointe, located at 2237 and 2257 Hurley Way is a Class B apartment community built in 1972 in the Arden-Arcade submarket of Sacramento....
  • Jennifer Vasquez

    C.W. Driver Companies Elevates Marketing Leadership Team

    January 21, 2020 – C.W. Driver Companies, a premier builder serving California since 1919, announced the promotion of two senior marketing professionals. Jennifer Vasquez has been appointed vice president of business development and corporate communications, while Valerie Thornburg will serve as director of marketing. In their new roles, Vasquez...
  • Starbucks

    New Construction Single-Tenant Starbucks Drive-Thru Sells for $1,345 PSF

    January 20, 2020– Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has completed the sale of a brand-new, single-tenant Starbucks with a drive-thru located in Fresno, California. The sale price of $2,825,000...
  • Sutter Square

    Meridian Sells Concord Office Building for $31M

    January 20, 2020 – Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of Sutter Square, a 174,689-square-foot, nine-story office building located at 1800 Sutter Street, near downtown Concord, California, to a joint...
  • At Home Spokane

    New Single-Tenant At Home in Spokane Sells for $10.2M

    January 20, 2020 – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm has arranged the sale of a single-tenant net-lease property occupied by a newly opened At Home in Spokane, Washington. The...
  • Airport Commerce Center

    Birtcher Development Acquires $17.6M, 20-Acre Site Adjacent to San Bernardino Airport

    January 20, 2020 – Birtcher Development LLC, a preeminent industrial real estate developer with five generations of family ownership, today announced the acquisition of a 20-acre land parcel fully entitled for the development of a spec 406,710-square-foot regional fulfillment and distribution center. Birtcher Development purchased the asset from 6th...
  • 433 W. 53rd Street

    Berkadia Secures $32M in Stretched Senior Financing for New Residential Development in Midtown Manhattan

    January 20, 2020— Berkadia today announced that it secured stretched senior financing (a senior loan with a mezzanine loan component) for Emmut Properties’ new 60-unit residential development at 433 West 53rd Street in New York, NY. Berkadia’s Joint Venture Equity and Structured Capital Group in New York, led by...
  • Concourse at Westway

    Houston-Based Griffin Partners Acquires Concourse at Westway

    January 15, 2020 – JLL Capital Markets and Griffin Partners Inc. announce today that they have closed the sale of Concourse at Westway, a Class B, 130,223-square-foot, value-add office building in West Belt submarket of Houston, Texas. JLL marketed the property on behalf of the seller, EverWest. Houston-based Griffin...
  • Mission Critical Parking

    Stos Partners Acquires Mission Critical San Diego Parking Site

    January 17, 2020 – Stos Partners, a privately held commercial real estate investment and management firm, in conjunction with an institutional partner, has acquired a 5.8-acre parking lot land site near the Port of San Diego for $26.47 million from a private entity. With this recent transaction, Stos has...
  • Kallisto

    Gelt, Inc. Acquires Kallisto at Bear Creek, a 472-Unit Apartment Property in Lakewood, CO, for $145.5 Million

    January 17, 2020 – Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear Creek. Located at 2605 S. Miller Drive in the Bear Creek...
  • Ainsworth Circle

    Portland Distribution Warehouse Sold for $16.2M

    January 17, 2020– JLL Capital Markets announced that it has closed the $16.2 million sale of a 126,303-square-foot distribution warehouse building triple net leased to Johnstone Supply at 11632 NE Ainsworth Circle in Portland, Oregon. JLL marketed the property on behalf of the seller, Stockbridge. 11632 NE Ainsworth Circle...
  • RPG Encinitas Office

    RPG Expands Portfolio with Acquisition of Encinitas Office Building

    January 16, 2020 – RPG, a San Diego-based owner, operator, and developer of high-quality commercial real estate, has expanded its portfolio of creative and value-add assets in Northern San Diego County with the acquisition of an office building at Pacific Station in Encinitas, where the firm currently owns a...
  • Via Vera Cruz Office Park Sells for over $7 Million in San Marcos

    January 16, 2020 – Cushman & Wakefield today announced it has advised the sale of the Via Vera Cruz Office Park in San Marcos (San Diego), California. Windsor Projects, Inc. acquired the two-story 32,687-square-foot multi-tenant office building from LaMont Revocable Trust. The property sold for $7.07 million or $216...
  • Foothills Gateway

    Foothills Gateway Corporate Center Trades for $11.5 Million

    January 10, 2020 – On behalf of HB Foothills Gateway, Cushman & Wakefield has closed the sale of Foothills Gateway Corporate Center located at 4505 E. Chandler Boulevard in Phoenix. Equity Advantage Inc. purchased the property for $11.5 million. Located in the prestigious Southeast Valley neighborhood of Ahwatukee Foothills,...
  • Landsea Homes

    Landsea Homes Bolsters Arizona Homebuilding Portfolio by Acquiring Garrett Walker Homes

    January 16, 2020 – Landsea Homes, a leading homebuilder and developer of vibrant master-planned communities in prime locations, announced it has acquired Garrett Walker Homes, a Phoenix-based homebuilder providing unique, high-quality, value-based single-family homes in 18 Phoenix-area communities. “Garrett Walker Homes’ team includes high-quality people who understand the value...
  • Gables Point High Rise

    KTGY-Designed Gables Pointe High-Rise Apartment Community Opens in Washington DC Metro

    January 15, 2020 – KTGY Architecture + Planning designed Gables Pointe 14, a new, 370-unit, sustainable, multi-building residential community in the Fort Myer Heights neighborhood of Arlington, Virginia, just north of Route 50. Developed by Gables Residential, Gables Pointe 14 is conveniently located within walking distance to the Court...
  • Las Vegas Industrial

    Las Vegas Strip-Adjacent Industrial Portfolio Sold in Deal Brokered by Cushman & Wakefield

    January 14, 2020 – Cushman & Wakefield announced today that the firm has brokered the investment sale of a 276,443-square-foot (sf) industrial portfolio in Las Vegas, Nevada. The portfolio sale consisted of three multi-tenant industrial projects: The Park @ Arville at 4350 Arville St. (160,277 sf), Valley View Commerce...
  • Royal Centre III

    Bridge Commercial Real Estate Expands MarketSource Lease to 121,000 Square Feet at Royal Centre IV

    January 14, 2020— Bridge Investment Group LLC’s (Bridge) subsidiary Bridge Office Fund Manager (Bridge Office) announced today a string of new tenant signings and lease expansions at Royal Centre III and IV, two Class A office buildings in Alpharetta. Located on Great Oaks Way, the buildings are both in...
  • Santa Barbara Public Market

    JLL Named to Market Santa Barbara Public Market

    January 14, 2020 – JLL Capital Markets announced today that it has been selected by Urban Developments to market for sale Santa Barbara Public Market, a 19,867-square-foot, LEED Certified, state-of-the-art artisanal food hall in Santa Barbara’s historic downtown district. Completed in April of 2014, Santa Barbara Public Market comprises...
  • Oakhill

    Audubon Doubles Down on Athens with Latest Acquisition

    January 14, 2020 – Audubon, an Atlanta-based real estate firm specializing in the acquisition and management of multifamily properties, announced last Friday they have closed on the purchase of Oak Hill Apartments in Athens, GA. Following this acquisition, Audubon now owns and manages a 25-property portfolio containing more than...
  • Mount Laurel Office Center

    Investor Acquires The Mount Laurel Office Center in Southern New Jersey

    January 14, 2020 – JLL Capital Markets announced today that it has closed the $11.05 million sale of The Mount Laurel Office Center, an 83,216-square-foot office portfolio located at 530, 532, and 534 Fellowship Road in Mount Laurel, New Jersey. JLL represented the seller, Pennmark Properties, and procured the...
  • Greg Brown

    Greg Brown Named to Co-Lead JLL Capital Markets in Orange County

    January 14, 2020 – JLL announced today that Senior Managing Director Greg Brown has been appointed to co-head JLL Capital Markets in its Orange County office. Mr. Brown will lead the Orange County debt and equity placement business alongside Senior Managing Director Sean Deasy, who will continue to oversee...
  • The Future of Retail is Omni-Channel

    January 13, 2020— Retail is not dead… It’s just evolving. If you don’t evolve you die as the saying goes. So what is Omni-Channel retail and why have companies started to focus on this strategy? Omnichannel is a cross-channel content strategy that organizations use to improve their user experience....
  • 570 Laguna

    Carlsbad Village Development Parcel Sold for $5M

    January 13, 2020—- Colliers International San Diego Region announces the sale of a 30,492-square foot development parcel located in the Carlsbad Village for $5,000,000. The property is slated for development and currently houses a single family residence and single story medical building. Amy McNamara and Joe Brady of Colliers...
  • Long Island City’s Condo Boom Continues, with the Launch of Eleven28

    January 13, 2020— Sales have officially launched for Eleven28, a new, 6-story luxury condominium, adding 9 chic one- to three-bedroom homes to Queen’s evergrowing Long Island City neighborhood. Queens-based brokerage Modern Spaces is exclusively handling marketing and sales for the building, where units range from $640,000 to $1.365M. Eleven28...
  • Capital Center

    Bridge Investment Group LLC Acquires Capital Center and Somerset Corporate Center in Metro Raleigh

    January 13, 2020— Bridge Investment Group LLC’s (Bridge) subsidiary Bridge Office Fund Manager (Bridge Office) announced today the acquisition of two Class-A office assets in North Carolina’s capital city. Both properties — Capital Center, a seven-story, 161,698-square-foot building in West Raleigh, and Somerset Corporate Center which contains two buildings...
  • Astoria Portland

    The Astoria in Portland, OR Sells for $12M

    January 13, 2020— Kidder Mathews is pleased to announce the sale of The Astoria apartments for $12,000,000. The 68-unit apartment complex is located at 1913 N.E. 73rd Avenue in Portland, Oregon. Kidder Mathews’ team of multifamily investment brokers, Jordan Carter, Clay Newton, and Tyler Linn, exclusively represented both the...
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