• 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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...
  • Hilton Hotel San Jose

    Hilton San Jose Hotel Sold for $117.55M

    January 13, 2020 – JLL Hotels & Hospitality announced today that it has closed the $117.55 million sale of the 353-room Hilton San Jose in downtown San Jose on behalf of the seller, Han’s Holdings Group Ltd. Senior Managing Director John Strauss and Executive Vice President Mark Fraioli led...
  • 2140 W Pinnacle Peak

    One of the Largest Single-Tenant Industrial Buildings in the Deer Valley Submarket Sells for $17M

    January 13, 2020— Pinnacle Peak CO, LLC, an investment company based out of Bellingham, Washington, has paid $17,000,000 cash for the sale of an industrial manufacturing building located at 2140 West Pinnacle Peak Road in Phoenix, Arizona. The building was purchased from Thul, LLC, a principle of APSM Systems,...
  • Tesla

    Largest Tesla Facility in Arizona Sold to Chinese Investor

    January 13, 2020 – Cushman & Wakefield announced that Sunrise Investment 8300 LLC has purchased 8300 East Raintree Drive in Scottsdale, Ariz. for $13.95 million. The entire facility is occupied by Palo Alto based Tesla NASDEQ: TSLA (www.tesla.com) on a long-term net lease. Michael Kitlica, national NNN leased asset...
  • Microsoft Plaza

    Julie Smith-Clementi and Frank Clementi Launch Full-Spectrum Design Firm

    January 10, 2020— Julie Smith-Clementi AIA, IDSA, ULI, and Frank Clementi, FAIA, AIGA, have announced their new firm, Smith-Clementi, offering the full spectrum of place-based design from acknowledged leaders in their fields. The places crafted by Julie and Frank have had transformative impacts in Southern California, nationally and abroad....
  • Rockvale

    Avison Young Completes $7.5 Million Sale of 34-Unit Apartment Property in Azusa, CA

    January 10, 2020 – Avison Young announced today the $7.5 million sale of Rockvale Apartments, a 34-unit, multifamily property located at 333 N. Rockvale Avenue in Azusa, CA (Los Angeles county). Avison Young’s Peter Hauser, Matt Hauser and Masa Ito in the company’s Irvine, CA office, represented the seller,...
  • Buchanan Street

    Buchanan Mortgage Funds $55M Construction Loan

    January 9, 2019— Buchanan Street Partners closed a construction loan for The Orchard, a 177,000 SF mixed-use residential and retail development located in Azusa, CA. The $55,000,000 loan will be used to build 163 market-rate apartments over 31,700 SF of retail. The development represents the borrower’s second mixed-use development...
  • 1460 India Street

    Forge Acquires 1460 India Street for Innovative Workforce Housing Project

    January 9, 2020– Forge Development Partners (Forge), a privately held San Francisco real estate development firm, is proud to announce its acquisition of the property located at 1460 India Street. With this acquisition, Forge hopes to perpetuate the workforce history and legacy of the area that is Little Italy....
  • Crowne Plaza Portland

    Crowne Plaza Portland-Lake Oswego sold to BHG Hotels

    January 9, 2020 – JLL announced today that it has closed the sale of and arranged acquisition financing for the Crowne Plaza Portland-Lake Oswego, a 161-room, full-service hotel in the Portland-area community of Lake Oswego, Oregon. JLL Hotels & Hospitality marketed the property on behalf of the seller. BHG...
  • Landsea Homes Goodyear

    Landsea Homes to Celebrate Grand Opening of New Community in Goodyear, Centerra

    January 9, 2020 – Potential homebuyers seeking a one-of-a-kind community with single-family homes are invited to tour the highly anticipated model homes at Landsea Homes’ newest community, Centerra on Saturday, January 18 at 11 a.m. in Goodyear. The grand opening event will feature refreshments, giveaways, a balloon artist and...
  • Taxi-III

    Denver Creative Office Project Receives $27M Refinancing

    January 9, 2020 – JLL Capital Markets announced today that it has arranged a $27 million refinancing for TAXI III, a two-building, Class A creative office project totaling 91,775 square feet in the RiNo neighborhood of Denver, Colorado. JLL worked on behalf of the borrower, Zeppelin Development, to secure...
  • Avison Young Phoenix

    Avison Young Grows Phoenix Office, Expands its Office Footprint

    January 8, 2020 – David M. Genovese, Avison Young Principal and Managing Director in Arizona, announced today that the firm’s Phoenix office is expanding. It has signed a new, six-year lease totaling nearly 12,000 square feet (sf) that will accommodate its growing team as well as elevate its corporate...
  • Wilmington

    Five-Portfolio 26-Property Multifamily Sale Underway in Los Angeles

    January 8, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of two of five portfolios in the Armor Portfolios, a 26-property, 642-unit collection of multifamily assets in Los Angeles with...
  • Mark Read

    Mark Read Named to 2020 SD 500 List of The Most Influential People in San Diego

    January 7, 2019— Mark Read, Kidder Mathews Southwest regional president of brokerage, has been recognized for making the San Diego Business Journal’s 2020 SD 500 The Most Influential People in San Diego list. The list focuses on influential people in San Diego who are making a significant impact on...
  • The Groves

    Cushman & Wakefield Arranges the Sale of The Groves for $18.5 Million

    January 7, 2020 – Cushman & Wakefield completed the sale of The Groves, a Walmart shadow anchored shopping center located in Tempe, Ariz. Jabbel Holdings, LLC purchased the property for $18.5 million. Michael Hackett and Ryan Schubert of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of...
  • Mynd

    Mynd Property Management More Than Triples Its Size in 2019

    January 7, 2020 — Mynd Property Management, a property management firm serving the small residential sector with a combination of on-the-ground experts and innovative technology, announced today that it has achieved a number of significant growth milestones in 2019. The company has tripled its size through M&A and organic...
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