Denver Office Building Sold for $12.5Mln

Commercial Observer A venture of Morgan Stanley and Meridian Property Co has paid $815 million, or $1,207/sf, for the Beverly Hills Medical Plaza, a 67,510-square-foot medical office property in Beverly Hills, Calif, about 12 miles west of Los...

AZ Big Media An affiliate of Sears Financial Corp has broken ground on the Alexander, a 209-unit apartment property in Marana, Ariz The Tucson, Ariz, company is building the property at 3915 West Aerie Drive, about 12 miles northwest of downtown...

AZ Big Media Comunale Properties has broken ground on Chandler Connection, a 201,000-square-foot industrial property in Chandler, Ariz The Denver developer is building the property at 2411 East Germann Road, about 27 miles southeast of Phoenix...

Rentvcom AWH Partners has paid $417 million, or $287,586/room, for the 145-room Hilton Garden Inn in Fremont, Calif The New York hotel investor purchased the property from Baywood Hotels of Columbia, Md, which was represented in the deal by Colliers...

Multi-Housing News Rise48 Equity has paid $561 million, or $159,375/unit, for the 352-unit Solano Vista Apartments in Glendale, Ariz The Phoenix investor purchased the property from Sundance Bay LLC of Salt Lake City, which had bought it two years...

Rentvcom Tandem Diabetes has agreed to lease 182,000 square feet of office and laboratory space at the 350,000-sf Del Mar Corporate Centre in San Diego The medical device company was represented in the lease by CBRE, while the landlord, Kilroy...

Denver Business Journal An entity of AMLI Residential has paid $181 million, or about $572,784/unit, for the 316-unit apartment property at 1633 North Pearl St in Denver The Atlanta company purchased the property from its developer, Southern Land Co...

Puget Sound Business Journal Abacus Capital Group has paid $144 million, or about $431,138/unit, for the 334-unit Ridgedale Apartments in Bellevue, Wash The New York investor purchased the property from the Ezralow Co of Los Angeles, which had paid...

Multi-Housing News SB Real Estate Partners has paid $275 million, or $214,843/unit, for Portola at Papago, a 128-unit apartment property in Phoenix The Irvine, Calif, investment firm purchased the property from Break of Day Capital in a deal...

Silicon Valley Business Journal EQT Exeter has paid $192 million, or $39256/sf, for Assembly at North First, a 489,094-square-foot office property in San Jose, Calif The Conshohocken, Pa, investment manager purchased the property from a venture of...