West
64 KSF CA MOB Changes Hands
Proto Inc. sold a single-tenant medical office building in Covina, Calif. The new manager plans to operate extensive renovation plans for the property.
Virtua Closes Fund, to Acquire 13 AZ Properties
The company plans to add value to the purchased infill locations by obtaining entitlements for them, or by building via its affiliate, Quyp Development.
Vista Investment Goes Shopping in Portland Market
The 67,000-square-foot historic building was built in 1901 as an historic landmark. The property is currently 100 percent leased to WeWork.
HFF Arranges Sale of 150KSF Inland Empire Shopping Center
The buyer of Perris Plaza, a joint venture, plans to expand the property to almost 300,000 square feet and bring several new retailers and restaurants. Leasing has already started.
Faris Lee Completes Sale of CO Retail Asset
Governors Park Lofts LLC has acquired the freestanding retail property for $6.1 million. The transaction closed at a 6.5 percent cap rate.
Paradise Valley Buys Phoenix Retail Center for $11M
The 54,430-square-foot Pueblo Point Shopping Center is situated in an infill location, with high barriers to entry for other potential retail developments. The area’s demographics are favorable, with an average household income of more than $92,000 within a five-mile radius.
Peregrine Realty Snags Seattle Flex Park
The six-building property is located in the city’s northern suburbs and provides more than 200,000 square feet of office, lab and logistics space.
Transwestern, JDM Partners Buy 2 MSF Tempe Office
The partnership acquired the five-building Marina Heights campus from State Farm Automobile Insurance Co. in a sale-leaseback deal valued at $928 million, which could mark the largest-ever CRE sale in metro Phoenix.
Children’s Hospital Expansion Set to Open in Palo Alto
Stanford Children’s Health’s pediatric hospital campus will more than double its size by adding nearly 150 beds in its latest sustainably designed building.
BLT Enterprises Sells $16M OR Warehouse
The nearly 92,000-square-foot facility is leased entirely by a single tenant, FedEx Group. Marcus & Millichap represented the seller in the transaction.