Westcore, a leading industrial real estate acquisition, development and asset management firm, is the new owner of Union Cross Industrial Center, a two-building, 340,000-square-foot industrial portfolio in Winston-Salem, North Carolina. Westcore purchased the portfolio from Winston-Salem-based Front Street Capital for $36.9 million. Developed by Front Street Capital in 2019, Union Cross Industrial Center consists of two....
Hines, the global real estate investment, development, and property manager, in partnership with USAA Real Estate, began construction of its 200-acre Riverwalk San Diego village with a phase-one groundbreaking ceremony on September 21. Riverwalk San Diego will transform the existing Riverwalk golf course in western Mission Valley into a live-work-play transit-oriented neighborhood. Phase one of....
CREW San Diego, a membership organization working to continually promote, educate and support professional women in the field of commercial real estate, has announced its board of directors for 2023. Wells Fargo Bank’s Wealth Treasury Management National Sales Manager Molly Addington will lead the board as its president. “As CREW San Diego 2023 President, I....
WAY Capital, a leading commercial real estate capital markets advisor, announced today that it has secured a $40 million senior construction loan on behalf of Six Peak Capital and Grandview Partners for the ground-up development of 4339 Berryman Avenue and 4367 Berryman Avenue. The micro suite portfolio will consist of 282 suite living units across....
Westcore, a leading industrial real estate acquisition, development and asset management firm, has acquired Central Logistics, a four-building, 24.9-acre industrial campus in the Central Phoenix market of Arizona. Westcore purchased the 1,085,848-square-foot property from Phoenix-based ViaWest Group for $93.5 million. Recent renovations and building additions by ViaWest Group at Central Logistics positioned the property for....
Brixton Capital (“Brixton”) will soon welcome Burlington Stores, a major off-price retailer offering WOW deals on customers’ favorite brands for the entire family and home, to its reimagined shopping center Sherwood Place in Stockton, California. The retailer is slated to open the doors to its second Stockton location ahead of the 2022 holiday season. The....
WAY Capital, a leading commercial real estate capital markets advisor, has hired Bruce Davidson as head of deal execution and chief operating officer. As COO, Davidson will oversee the day-to-day administrative and operational functions at WAY while acting as a strategic partner on the firm’s leadership team. A senior executive with over 30 years of....
Westcore, a leading industrial real estate acquisition, development and asset management firm, has acquired Braselton Crossroads, a three-building, 460,000-square-foot industrial campus in Braselton, Georgia. Westcore purchased the property from Atlanta-based Ackerman & Company for an undisclosed sum. The Class A, new-construction Braselton Crossroads property is comprised of three warehouses of approximately 150,000 square feet. The....
Urban Property Group, a real estate services firm specializing in urban and costal commercial property, managed the sale of an 8-unit multifamily, 5,272-square-foot building located at 4774 33rd St, San Diego, California, for $3,975,000. The 100% occupied, recently renovated property is comprised of one- and two-bedroom units and is located in the Normal Heights neighborhood.....
Brixton Capital met another milestone in its renovation of Provo Towne Centre in Provo, Utah. National retailer Target will occupy approximately 135,000 square feet of the former Dillard’s building at the center. Brixton Vice President of Development Justin Long said, “The lease with Target is an exciting first step toward the full transformation of Provo....