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Christopher-Village-Ogden-UT
AcquisitionsMultifamilyUtahWestern

Highland Partners Acquires 114-Unit Multifamily Community in Ogden, Utah

by Amy Works

OGDEN, UTAH — Highland Partners has purchased Christopher Village, an apartment property in Ogden, from a private seller for an undisclosed price. Brock Zylstra and Danny Shin of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Built in 1962, Christopher Village offers 114 apartments with fireplaces, storage space, dishwashers and air conditioning. Community amenities include a resort-style swimming pool, laundry facility and reserved covered parking.

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Carmel-Mt-Gateway-Plaza-San-Diego-CA.jpg
AcquisitionsCaliforniaRetailWestern

Brixton Capital Buys Carmel Mountain Gateway Plaza in San Diego for $21.3M

by Amy Works

SAN DIEGO — Brixton Capital has acquired Carmel Mountain Gateway Plaza in San Diego from Triwell Properties for $21.3 million. This off-market transaction marks Brixton’s fifth California retail acquisition this year. Located at 11465-11495 Carmel Mountain Road, the 44,230-square-foot Carmel Mountain Gateway Plaza was built in 1995 and renovated in 2019. With BevMo! and Ulta Beauty as anchor tenants, the property was 75 percent occupied at the time of sale. Kyle Erthner of UrbanCalifornia represented the seller, while Brixton was self-represented in the deal.

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345-N-Maple-Dr-Los-Angeles-CA.jpg
AcquisitionsCaliforniaOfficeWestern

Kilroy Realty Buys Maple Plaza Office Campus in Beverly Hills from Tishman Speyer for $205.3M

by Amy Works

LOS ANGELES — Kilroy Realty Corp. has acquired Maple Plaza, an office campus in the Beverly Hills submarket of Los Angeles, from Tishman Speyer for $205.3 million, or $707 per square foot. The transaction was funded with cash on hand and recent disposition proceeds. Stephen Somer and Brooke Silver of CBRE brokered the transaction. Renovated in 2017, Maple Plaza features 293,000 square feet of Class A office space at 345 N. Maple Drive. At the time of sale, the property was 75 percent leased to a mix of tenants across private equity, professional services, education and entertainment. For Tishman Speyer, this transaction completes a trio of dispositions in Beverly Hills. The firm originally acquired Maple Plaza in 2005 for $101 million and subsequently secured leases with a variety of of entertainment, financial services, lifestyle customers and retailers, including Goop Kitchen and Cafe Ruisseau. Last August, Tishman Speyer sold 407 North Maple Drive to Fashion Nova for $119.7 million, and in December, the firm sold 9242 Beverly to Envision and Faring for $90 million.

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Apple-Valley-One-Million-Distribution-Center-Apple-Valley-CA
CaliforniaDevelopmentIndustrialWestern

Uncommon Developers Receives Full Entitlement for 1.1 MSF Distribution Project in Apple Valley, California

by Amy Works

APPLE VALLEY, CALIF. — Los Angeles-based Uncommon Developers has received full entitlement to develop Apple Valley AV One Million Distribution Center, the first phase of a 550-acre master-planned project in Apple Valley. Additionally, the project is fully preleased. Rick John and Dan Foye of DAUM represented Uncommon in the lease negotiations. Situated on 72 acres, Apple Valley One Million Distribution Center is planned to have a total building area of 1.1 million square feet with 40-foot minimum building height, 219 dock-high doors, four ground-level doors, electric vehicle charging stations for cars and trucks and 8,000 amps of power expandable to 16,000 amps. Additionally, the project will offer office and mezzanine space and car and trailer parking. A construction timeline has not been released, but it should move quickly since entitlement is completed.

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The-Vintage-Tucson-AZ
AcquisitionsArizonaMultifamilyWestern

IPA Arranges Sale of 204-Unit Multifamily Property in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Vintage, an apartment community in Tucson. Clint Wadlund, Hamid Panahi, Steve Gebing and Cliff David of IPA represented the undisclosed seller and procured the undisclosed buyer in the deal. Built in 1981, The Vintage offers 204 one- and two-bedroom floor plans with private balconies or patios, window coverings and extra storage space. Community amenities include a newly renovated swimming pool and spa, laundry facility, package lockers and a 24-hour fitness center.

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FreeUp-Storage-Oak-Harbor-WA.jpg
DevelopmentIndustrialSelf-StorageWashingtonWestern

Spartan Investment Group Completes Self-Storage Facility in Oak Harbor, Washington

by Amy Works

OAK HARBOR, WASH. — Spartan Investment Group, along with its in-house development team Spartan Construction Management, has completed FreeUp Storage Oak Harbor, a ground-up self-storage project at 33650 State Route 20 in Oak Harbor. The 78,920-square-foot facility offers 583 units across eight buildings. FreeUp Storage, Spartan’s owned and operated brand of self-storage facilities, will manage the property.

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901-999-Vallejo-St-Denver-CO
AcquisitionsColoradoIndustrialWestern

Malman Real Estate Brokers Sale of 38,108 SF Industrial Property in Denver

by Amy Works

DENVER — Malman Real Estate has arranged the purchase of a 38,108-square-foot industrial property located at 901-999 Vallejo St. in Denver. 901-999 Vallejo LLC acquired the asset from East Prentice Denver Tech Center for $5.4 million. Taylor Roy and Jeff Geman of Malman represented the buyer in the off-market transaction. The seller was unrepresented.

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8thRepublican-Apts-Seattle-WA
AcquisitionsMultifamilyWashingtonWestern

CBRE Negotiates $94.8M Sale of Seattle Apartment Complex

by Amy Works

SEATTLE — CBRE has arranged the sale of 8th + Republican Apartments, a mid-rise multifamily community in Seattle’s South Lake Union neighborhood. A confidential institutional investor acquired the property from a confidential seller for $94.8 million. Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper of CBRE represented the seller in the transaction. Completed in 2016, 8th + Republican offers 211 apartments with smart home technologies, solar shades, walk-in closets, wood-style flooring, stainless steel appliances and floor-to-ceiling windows. Community amenities include an outdoor terrace with panoramic views, a fitness center, dog park and spa, a resident lounge and dry cleaning services.

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2715-Sunset-Lane-NE-Renton-WA
LoansMultifamilyWashingtonWestern

MMCC Arranges $28.1M in Financing for Sunset Terrace Apartment Community in Renton, Washington

by Amy Works

RENTON, WASH. — Marcus & Millichap Capital Corp. (MMCC) has arranged $28.1 million in financing for Sunset Terrace, a multifamily property located at 2715 Sunset Lane NE in Renton. Tammy Linden of MMCC arranged the financing with Lument on behalf of the borrower, ST Renton LLC. The transaction was executed as a HUD 223(f) loan with green certification, providing maximum leverage to retire the interim acquisition bridge loan originally arranged by Linden and MMC at the issuance of the temporary certificate of occupancy in July 2023. Sunset Terrace features 211 studio, one- and two-bedroom apartments, live/work units and two commercial tenant suites, totaling 3,986 rentable square feet. Community amenities include in-unit laundry, a fitness center, business center, clubhouse, rooftop deck with barbecue grills, gated garage parking, bike racks and pet-friendly accommodations.

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3302-W-Washington-St-Phoenix-AZ
AcquisitionsArizonaIndustrialWestern

IDI Logistics Enters Phoenix Market, Buys 101,794 SF Industrial Property for $20M

by Amy Works

PHOENIX — IDI Logistics has acquired an industrial property, located at 3302 W. Washington St. in Phoenix, from Atlas Capital Partners for $20 million. Situated on 5.2 acres, the 101,794-square-foot vacant building features a clear height of 32 feet, 12 dock-high doors, four drive-in doors and a fully secured 140-foot truck court. Tanner Ferrandi, John Wrestler and Cooper Pratt of CBRE represented the buyer and seller in the deal. The CBRE team will also serve as listing agents for the property.

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