Property Type

Lovett Industrial Completes 201,329 SF Broadway Logistics Center in Denver

by Amy Works August 21, 2024

DENVER — Houston-based Lovett Industrial has completed construction of Broadway Logistics Center, a speculative Class A industrial building in central Denver. Located at 6795 Broadway, the 201,329-square-foot, front-park, rear-load industrial facility features a 2,250-square-foot Class A office build-out, 32-foot clear heights, six-inch reinforced concrete slab, 204 auto parking stalls, 57 dock-high doors, 130-foot truck courts and 50 trailer parks. Drew McManus, Bryan Fry and Ryan Searle of Cushman & Wakefield in Denver are marketing the facility for lease. The asset can be leased to a single tenant or multiple tenants with divisibility down to 22,360 square feet.

August 21, 2024

Acquisitions California Industrial Western

Le Investment Group Arranges $36.6M Sale of Industrial Portfolio in Riverside, California

by Amy Works August 21, 2024

RIVERSIDE, CALIF. — Le Investment Group has arranged the sale of an industrial portfolio in Riverside, located in the Inland Empire region. The asset traded for $36.6 million, or $179.27 per square foot. Located at 1660-1880 Iowa Ave., the multi-building portfolio offers 203,939 square feet of industrial space. Le Investment Group represented the undisclosed seller in the deal. The name of the buyer was also not released.

August 21, 2024

Acquisitions California Multifamily Western

Northmarq Brokers $27.5M Sale of Apartment Portfolio in Vallejo, California

by Amy Works August 21, 2024

VALLEJO, CALIF. — Northmarq has facilitated the sale of a two-property multifamily portfolio in Vallejo, across San Pablo Bay from San Francisco. Reliant Group Management sold the portfolio to Abacus Capital Group for $27.5 million. The portfolio includes the 80-unit The Valencia, located at 1101 N. Camino Alto, and the 64-unit Valencia Terrace, located at 154 Richardson Drive. The Valencia was built in 1986 and Valencia Terrace was built in 1982. Zachary LeBeouf and Anthony Pappageorge of Northmarq’s Northern California multifamily investment sales team represented the seller in the transaction.

August 21, 2024

Development Multifamily Texas

Pacific Elm, Mintwood Near Completion of 291-Unit Peridot Apartments in Downtown Dallas

by Taylor Williams August 21, 2024

DALLAS — A partnership between Pacific Elm Properties and Mintwood Real Estate is nearing completion of Peridot, a 291-unit apartment property located within the 1.3 million-square-foot Santander Tower mixed-use development in downtown Dallas. Peridot occupies 11 of Santander Tower’s 50 floors and offers one- and two-bedroom units ranging in size from 700 to 1,300 square feet. Residential amenities include a pool, dog park, fitness center, game lounge and a pickleball court. Santander Tower also houses a boutique hotel and Class A offices. Rents start at roughly $2,400 per month, according to Apartments.com.

August 21, 2024

Civic Development Mixed-Use Nevada Restaurant Retail Western

KemperSports, City of Henderson to Build 180,000 SF Fieldhouse Facility in Nevada

by Amy Works August 21, 2024

HENDERSON, NEV. — KemperSports has partnered with the City of Henderson to build and operate West Henderson Fieldhouse, a state-of-the-art athletic and entertainment facility in Henderson, a suburb southeast of Las Vegas. Slated to open in 2026, the public-private development will include capital investment, development oversight and the long-term management of the complex by KemperSports. The 180,000-square-foot facility will feature: West Henderson Fieldhouse is expected to generate $1.5 million in annual tax revenue, $39.1 million in total economic impact annually and $10.7 million in wages and salaries, according to KemperSports.

August 21, 2024

Acquisitions California Industrial Western

Steel Peak Buys Industrial Outdoor Storage Property in Escondido, California for $3.7M

by Amy Works August 21, 2024

ESCONDIDO, CALIF. — Steel Peak has acquired an industrial outdoor storage (IOS) property, located at 2213 Meyers Ave. in the San Diego suburb of Escondido, for $3.7 million. The IOS property features an 8,000-square-foot industrial building and large, secured, fenced yard on 1.7 acres. The building features 18-foot clear heights, six oversized ground-level loading doors, abundant power and office space. Mike Erwin, Tucker Hohenstein and Hank Jenkins of Colliers San Diego represented the seller, Act Property Acquisition Partners II LLC, and the buyer in the transaction.

August 21, 2024

Acquisitions Multifamily Texas

Younger Partners Arranges Sale of 32-Acre Multifamily Development Site in Grand Prairie

by Taylor Williams August 21, 2024

GRAND PRAIRIE, TEXAS — Younger Partners has arranged the sale of a 32-acre multifamily development site in Grand Prairie, located roughly midway between Dallas and Fort Worth. The site is located at the northwest corner of Lake Ridge and Great Southwest parkways. John St. Clair and Davis Willoughby of Younger Partners represented the undisclosed seller in the transaction. The buyer was multifamily developer JPI.

August 21, 2024

Development Florida Southeast Student Housing

Landmark, Atlantic American Complete 702-Bed Student Housing Development Near FSU

by John Nelson August 21, 2024

TALLAHASSEE, FLA. — A joint venture between Landmark Properties and Atlantic American Partners has completed The Metropolitan Tallahassee, a 702-bed student housing development located near the Florida State University campus in Tallahassee. Located at 1701 W. Pensacola St., the mid-rise project offers 217 fully furnished units in two- through four-bedroom configurations. Shared amenities include a swimming pool, jumbotron, outdoor recreation and grilling areas, a gaming lawn, putting green, fitness center, study spaces and onsite parking. The development team for the project included Dwell Design Studio and Landmark Construction, the in-house construction arm of Landmark Properties.

August 21, 2024

Build-to-Rent Development Georgia Multifamily Single-Family Rental Southeast

Parkland Residential Begins Vertical Construction for 114-Unit Build-to-Rent Community in Lawrenceville, Georgia

by John Nelson August 21, 2024

LAWRENCEVILLE, GA. — Parkland Residential has begun vertical construction at Sugarloaf Landing, a 114-unit build-to-rent residential community underway in Lawrenceville, a northeast suburb of Atlanta. Situated on 10 acres at 3440 Sugarloaf Parkway, the property will include rear-entry stacked townhomes, with each unit featuring two or three bedrooms and a one-car garage. Parkland Residential says that the townhomes will span between 1,600 for a two-bedroom home and 1,950 square feet for a three-bedroom unit, with monthly rental rates starting at $2,400. Prim Properties will begin leasing at the property in October. In addition to the townhomes, Sugarloaf Landing will feature a swimming pool with a cabana, playground, nature preserve, sidewalks and pocket parks.

August 21, 2024

Acquisitions Florida Industrial Southeast

Partnership Acquires 235,835 SF Industrial Facility in Jacksonville

by John Nelson August 21, 2024

JACKSONVILLE, FLA. — A partnership between The Stro Cos., KRE Group and The Silverman Group has acquired a newly delivered, 235,835-square-foot industrial facility located at 1511 Zoo Parkway in Jacksonville. The Class A property, which features 32-foot clear heights, 53 loading docks and 69 trailer parking spaces, is situated near Jacksonville Zoo and Gardens and Jacksonville International Airport, as well as I-95, I-295 and the St. Johns River. Kansas City-based VanTrust Real Estate sold the facility to the partnership for an undisclosed price. Albert Fitch and Kevin Bramhall of Stro represented the buyer internally.

August 21, 2024

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