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There's still time to sign up for tomorrow's Inland Empire State of the Market Conference in Ontario. Hear CRE industry experts discuss the industrial, office, retail, multifamily and finance markets for the region; and network with other pros active in the Inland Empire. To sign up or to learn more, go to: https://lnkd.in/gs_kpECU

The 308k sf 24th at Camelback office building in Phoenix traded hands in an $86 mil transaction. Barry Gabel, Chris Marchildon, CJ Osbrink, and Kevin Shannon with Newmark represented the undisclosed institutional seller. We’re told this is the largest office sale in Phoenix since 2022. https://lnkd.in/gPR7zqke

A Class A office building in Glendale’s Financial District has been put on the market. The 137k sf property, located at 700 N Central Ave, is currently 84% occupied. The listing is being handled by a CBRE team that includes Mark Shaffer, Anthony DeLorenzo, Sean Sullivan, Michael Longo, Kevin Duffy and Greg Grant. There is not a specific asking price but instead it is listed for “best offer”. https://lnkd.in/dUgE6yWe

EQT Exeter spent $60 mil on a newly developed AZ logistics building. The purchase is for a 642k sf facility on 40 acres in Buckeye. Cushman & Wakefield’s Will Strong, Kirk Kuller, Michael Matchett, Molly Hunt and Dean Wiley of the firm’s National Industrial Advisory Group – Mountain West represented both the seller and the buyer in the transaction. Cushman & Wakefield’s Andy Markham, SIOR, and Michael Haenel were also retained by EQT Exeter to serve as the project’s leasing team. https://lnkd.in/gcK3Radt

MBK Rental Living has wrapped up work on new 389-unit res community in Silicon Valley. Vida at Morgan Hill is a joint venture with HASEKO Corporation. The project partners include architect AO, landscape architect Sitescapes, interior designer Design-Art, and property manager Greystar. https://lnkd.in/gxTvgSB6

Greystar has completed 1 msf of spec industrial space in Mesa, AZ. The project represents phase I of the 2.1 msf Gateway Grand development. Jackie Orcutt, Kevin Cosca, Pete Wentis and Jonathan Teeter of CBRE are the project’s exclusive leasing brokers. https://lnkd.in/gV7yyrzG

New York Life Real Estate Investors (NYLREI) and BRIDGETON paid $282/sf for a San Francisco office asset. The 78k sf building at 410 Townshend Street fetched $22 mil. NYLREI and Bridgeton were represented by Michael Taquino and Kyle Kovac of CBRE. According to Albert Pura, Senior Director of Transactions for New York Life Real Estate Investors, 410 Townsend provides them with the opportunity to acquire a best-in-class creative brick and beam office asset well below replacement cost and where the asset traded in 2013 and 2019. https://lnkd.in/gGJUgMPN

A regional retail center in the L.A area trades in a $66 mil deal. TRC Retail pays $574/sf for 115k sf La Cañada Flintridge Town Center. Pete Bethea, Rob Ippolito and Glenn Rudy with Newmark represented the seller, IDS Real Estate Group, who acquired the property in 2011 on behalf of a public pension fund. Shaun Moothart, Bruce Francis, Bob Ybarra, Doug Birrell, Nick Santangelo and James Korinek of CBRE’s Capital Markets Debt and Structured Finance arranged $36.4 mil in post-acquisition financing on the property. https://lnkd.in/gijW4pGt

California Landmark Group has wrapped up work on a sizable res project in L.A.’s Silver Lake neighborhood. 100-unit M1byCLG is the largest multifamily development in the area since 2015. https://lnkd.in/gVgY7kFa

BH Properties buys iconic mixed-use property in Seattle. The 75k sf Olympic Block building was built in 1902 and is located in the city’s Pioneer Square neighborhood. https://lnkd.in/gFHBsTwm #seattlecre