Commercial Property Executive BKM Capital Partners has paid $44 million, or $338.65/sf, for Commerce Carlsbad, a 129,928-square-foot industrial property in Carlsbad, Calif. The Newport Beach, Calif., investment manager purchased the property from Alexandria Real Estate Equities, which had acquired it in 2021 for $44 million. First Citizens Bank provided $29.9 million to facilitate the purchase. […]

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