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Christiansen Ventures picks up 280-unit res community in Phoenix. Broadstone Uptown PHX sells for $87 mil. The seller was Alliance Residential Company. CBRE's Austin Groen, Matt Pesch, Asher Gunter and Sean Cunningham represented the seller in the transaction. Troy Tegeler and CJ Connolly with CBRE's Debt & Structured Finance team, arranged financing for the buyer. https://lnkd.in/g3QV92JR

A Scottsdale res community traded for $532k/unit, which we’re told is the highest price per unit for a multifamily sale in Metro Phoenix since 2022. The $107 mil sale is for Soltra Kierland, located at 7111 E. Tierra Buena Lane. CBRE's Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen represented the seller, Leon Multifamily, a subsidiary of Leon Capital Group. The buyer was a private investor. https://lnkd.in/g75eQRds

Arizona multifamily community trades in a $96 mil deal. The 212-unit Bella Encanta property in Mesa was sold by Bela Flor Communities. It was purchased by a global institutional investor. CBRE's Griffen Tymins, Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented Bela Flor in the transaction. https://lnkd.in/guV_qWay

Kingsbarn Realty Capital spends $115 mil on Hollywood Class A office building. The firm picks up a 115k sf structure at 1601 Vine. The property, anchored by Skims Body Inc, is 100% leased. Newmark Co-Head of U.S. Capital Markets Kevin Shannon, Executive Vice Chairman and Head of International Capital Markets Alex Foshay, Vice Chairmen Ken White, Rob Hannan, Laura Stumm and Michael Moll, Executive Managing Director Bill Bloodgood and Director Alex Bergeson represented the seller, Snyder Vine LLC. Newmark Co-President, Global Debt & Structured Finance, Jonathan Firestone and Director, Henry Cassiday provided support on debt strategy and financing considerations throughout the transaction process. https://lnkd.in/gDwq9ria

A big thanks to all of the CRE pros who spoke at RENTV's Greater Los Angeles State of the Market Conference this past Wednesday, March 26. You can see pics of all the speakers from our industrial, office, finance, retail and multifamily panels, and from CoStar Group's L.A. market report, by clicking through here => https://lnkd.in/gSwk7tdj to all of the photos on the RENTV website. Craig Peters Ken Sheer Paul Jones Steve Marcussen Jonathan Lange Michael Arnold Eric Clapp John MacLean Cody Charfauros AJ Bolino Tara Ismaili, CPA Ara H. Rostamian, MRED Marc Pollock Todd Huber Jennifer Meade, CRRP, CRX, CLS Scott Kurzban Kamran Paydar Adrian Berger Ryan Patap

A trophy life sciences campus in San Diego’s Torrey Pines area traded in a $159 mil transaction. Breakthrough Properties has purchased the 186k sf MUSE property from Diversified Healthcare Trust. Substantially renovated between 2020 and 2022, MUSE is a state-of-the-art life sciences property consisting of two fully leased wet lab buildings and one vacant office building. A JLL Capital Markets Investment Sales and Advisory team led by Kurt Luedtke and Zac Saloff represented the seller in the transaction. JLL also arranged post-closing financing for two buildings and will continue to handle leasing for the entire MUSE campus. https://lnkd.in/gzy5zr84

Kensington Development Partners and IM Properties have acquired a 30-acre parcel for an AZ retail project. The venture will start work on Phase I of the 300k sf Signature at SanTan Village. Western Retail Advisors and Phoenix Commercial Advisors support the ongoing leasing activity at the development. https://lnkd.in/gwFsstjD

Do you do business in the Inland Empire or are just interested in the region? Then do not miss RENTV's 2025 Inland Empire State of the Market Conference on Thursday, May 8th. This year's conference will be held at the Embassy Suites by Hilton Ontario Airport. The event will feature high-powered panels of top local executives and dealmakers discussing the Industrial, Office, Retail, Multifamily and Finance markets throughout the Inland Empire. The conference will open for networking at 8:00 AM with the program starting at 9:00 AM. The event will include a networking lunch and then will wrap up at 2:45 PM. The admission price for this event is only $150. We look forward to seeing you there. To learn more, go to: https://lnkd.in/gPag9jin

Tower Capital arranged more than $85 mil in financing for BTR and multifamily projects across Texas, Arizona, Colorado and Florida. The four transactions encompass construction loans for a trio of Build-to-Rent projects along with one multifamily property equity investment. Tower Capital’s Kyle McDonough, George Maravilla, David Stull and Noah Schott originated the financing on behalf of the four borrowers. https://lnkd.in/gmvKVuU4

The first phase of a mixed-use development called Aggie Square on the UC Davis Health Campus in Sacramento is nearing completion. The project, a development by Wexford Science & Technology, LLC in partnership with University of California, Davis and the city of Sacramento, is located at the corner of Stockton Blvd and 2nd Ave. The entire Aggie Square project is expected to support 3,200 jobs and provide $500 mil in annual economic impact. The Cushman & Wakefield leasing team hired for the project includes local office/technology brokers Ron Thomas, Bruce Hohenhaus, and Kris Kalmbach in Sacramento together with Marc Pope and Brett Ward, who are leading members of the firm’s National Life Sciences Practice Group in Northern and Southern California. https://lnkd.in/ggmK9Brh