Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 148,689-square-foot, Class A industrial warehouse located at 4455 West Camelback Road in Phoenix, Arizona for $12.4 million. The seller, Dreamfoam Bedding, doing business as Brooklyn Bedding, occupies the entire building and will lease it back from Westcore for a short period....
Westcore, a leading industrial real estate acquisition, development and asset management firm, made its first purchase in the Temecula, California submarket, acquiring a 65,625-square-foot industrial warehouse on 10.64 acres for $10.8 million. Currently vacant, the warehouse property, located at 27731 Diaz Road, offers several in-demand features, including 14 dock-high doors, 30-foot clear height, cross-dock configuration....
A student team from UC San Diego Department of Urban Studies and Planning submitted the winning development plan at NAIOP San Diego’s 10th annual University Challenge, held on Thursday, April 23 in a virtual format due to COVID-19 social distancing precautions. The participating schools, which also included San Diego State University’s Corky McMillin Center for....
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 155,000-square-foot, Class A industrial warehouse located at 8380 Pardee Drive in Oakland, California for $40.5 million. Constructed in 2012, the fully leased distribution facility features 8,000 square feet of cold storage, 30-foot clear height, ESFR fire suppression and an excellent location....
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 40,000-square-foot industrial warehouse located at 660 North King Road in San Jose, California, for $9.2 million. The property is located adjacent to a similar 87,000-square-foot industrial warehouse Westcore acquired earlier this year at 1800 Dobbin Drive. The King Road warehouse is....
LPC West, Inc., the West Coast operating division of Lincoln Property Company, has sold a 62,392-square-foot, two-story, flex R&D building to an affiliate of Alexandria Real Estate Equities for $17 million in an off-market transaction. The building, which LPC West acquired in September 2019, is located at 9877 Waples Street in San Diego’s biotech-heavy Sorrento....
Westcore, a leading industrial real estate acquisition, development and asset management firm, has teamed with The Opus Group to develop a 720,000-square-foot, three-building industrial project on 51 acres of land in Avondale, Arizona, a submarket of Phoenix. Westcore anticipates breaking ground in October 2020 for delivery of the Class A project between June and August....
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 164,486-square-foot, Class A industrial warehouse on 16.5 acres of land in Chandler, Arizona for $38 million. Located at 2550 North Nevada Street, the warehouse is fully leased to a leading global e-commerce company. The tenant is maximizing the low, 23% site....
Brixton Capital has acquired property management firm United Apartment Group (UAG), based in San Antonio, Texas, for an undisclosed price. UAG’s property management portfolio includes approximately 30,000 apartment homes, primarily in the southwest and southeast U.S. The company’s current management team will remain in place. “Through this acquisition, Brixton Capital will expand our fully integrated....
On Wednesday July 15, CREW San Diego, a membership organization dedicated to promoting, educating and supporting professionals in the field of commercial real estate, hosted a mid-year economic update webinar, featuring Ray Major, chief economist with San Diego Association of Governments (SANDAG). Major provided an overview of the affects of the COVID-19 pandemic on the....