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David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
LAS VEGAS—Groundfloor is a real estate lending marketplace open to DIY investors.
HENDERSON, NV—The District at Green Valley Ranch, a 383,724-square-foot, mixed-use, retail and office center purchased recently by Vestar.
SAN DIEGO—Rexford Industrial Realty has purchased the property for $52 per square foot, and plans to create multiple leaseable spaces.
GOLDEN, CO—Sixth Avenue West, currently 84% leased, was acquired by California-based Bancroft Capital.
POWAY, CA—Kidder Matthews represented seller and buyer in the $55 million deal.
SAN DIEGO—REIT will sell offer 20 million shares at $25 each and invest in a portfolio of parking facilities.
BROOMFIELD, CO—Lowe/Starwood partnership has sold the 324,269 square foot class A after significant upgrades.
SAN DIEGO—HREC research indicates 8.4% growth of RevPar year-over-year, and airport expansion provides continued growth opportunities.
CULLMAN, AL—With the opening of Publix and Dick's Sporting Goods, the Cullman Shopping Center is now 100% leased.
WESTMINSTER, CO—The 444-unit Cascade Village apartments was acquired by New York-based Phoenix Realty and Intercontinental of Boston.