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• 29th Street Capital Spends $41.6 Mil on Res Community in Scottsdale, AZ
2/16/23
Chicago-based 29th Street Capital has acquired Dwell Apartment Homes, a 193-unit res community in Scottsdale, AZ, for $41.6 mil ($215.5k/unit). The property, located at 1923 N. 70th St, was sold by Avanti Residential, who pur...
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• AZ Logistics Facility Goes for $451/sf
2/15/23
An unnamed California family trust acquired a 49.5k sf, logistics facility in Tucson in a recent $22.3 mil ($451/sf) transaction. The last-mile distribution property, located at 775 W. Silverlake Rd, is fully leased to a Fort...
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• Consolidated Electrical Distributors Inks Idaho Industrial Expansion/Renewal Lease
2/15/23
In a recent industrial deal out of Boise, Idaho, Consolidated Electrical Distributors inked and expansion/renewal lease for 40.6k sf of space at 11510 W Executive Dr. The company has more than quadrupled its occupancy in the ...
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• Local Investor Buys 43k sf Houston-Area Retail Center
2/14/23
Stables Town Center I, a 42.8k sf shopping center anchored by Walgreens and shadow-anchored by Kroger in an affluent suburb in the Houston, TX metro area, was acquired by locally-based Wu Properties.
Built in 2001, the pro...
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• Hawkins Companies Lands $56 Mil in Construction Money for Idaho Res Project
2/14/23
Hawkins Companies secured $56 mil in construction financing for the development of Canyon Ridge, a five-building, 287-unit multifamily project located at 2454 E Gowen Rd in Boise, Idaho. The lender is Sunwest Bank.
Canyo...
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• Texas Strip Center Property Picked Up by Exchange Investor
2/13/23
An eight-tenant medical and retail strip center in Magnolia, TX traded hands. The 16.7k sf property, located at 827 Magnolia Blvd, is fully leased to a diverse mix of strong medical and service-oriented tenants, including Hil...
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• Recent Signings Bring Building 1 at Denver Biz Park to Fully Leased
2/13/23
There have been two new leases totaling roughly 57k sf at Central Park Business Center, a recently constructed Class A industrial park in Denver. In one of the deals, restaurant supply company Trimark leased 34.3k sf, while i...
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• Commercial Real Estate Financing Briefs
2/10/23
JLL CAPITAL MARKETS -- Matt Stewart and Analyst Chris Jaffe with JLL Capital Markets have arranged $69.1 mil in post-close acquisition financing for Walnut Business Park, a 33-building, 334.8k sf light industrial portfolio ow...
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• Harbor Bay Ventures Picks Up Development Land in Salt Lake City’s Sugar House Neighborhood
2/09/23
Northbrook, IL-based Harbor Bay Ventures has acquired a 1.22-acre multifamily development site in Salt Lake City, UT. Known as the Wells Fargo office building, the property is located in the heart of the city’s popular Sugar ...
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• Lincoln Property Company Announces New Plan for Growth and Succession
2/09/23
Lincoln Property Company Commercial announced a growth and succession plan that includes the appointment of a new generation of executive leadership and a major investment by funds managed by Stone Point Capital LLC.
Lincol...
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• Invent Development Partners Secures $50 Mil in Construction Money for Utah Resort Development
2/08/23
Invent Development Partners has obtained $50 mil of construction financing for Phase I of the Lionsback Resort in Moab, Utah, a 175-acre development located adjacent to internationally renowned Canyonlands and Arches National...
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• Barton Associates Leases 45k sf of Vegas Office Space
2/08/23
Barton Associates has inked a five-year lease for 45.3k sf of office space on the first floor at 3634 S. Maryland Pkwy in Las Vegas. Barton, the fourth largest locum tenens staffing company in the U.S., and its subsidiary, Ba...
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• Target Leases 135k sf at Provo Town Centre in Utah
2/08/23
Target has agreed to lease 135k sf of the former Dillard’s building at Provo Towne Centre in Provo, UT. The deal comes as the property owner, Brixton Capital, is renovating the shopping center.
The renovations include a remo...
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• Constellation Real Estate Partners and Cadre Acquire 21 Acres in Houston for Industrial Development
2/07/23
Constellation Real Estate Partners, in partnership with Cadre, has acquired 20.8 acres of land on the northeast corner of Beltway 8 and Telephone Road in Houston, Texas for the development of a Class A, two-building, 192.3k s...
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• Industrial Construction Costs Ease Slightly but Remain Elevated
2/03/23
This report was provided by real estate services firm Cushman & Wakefield
Cushman & Wakefield has launched its North American Industrial Costs Guide, showing that pandemic-related supply chain constraints, which helped drive...
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• Arizona Industrial Project Secures $42.7 Mil in Construction Financing
2/02/23
SkyPlus Development Corp has obtained $42.7 mil in construction financing for two industrial buildings that will be part of Skybridge Arizona's master-planned development adjacent to the Phoenix-Mesa Gateway Airport in Mesa, ...
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• Avanti Residential and Trinity Investors Recapitalize Colorado Res Community
2/02/23
Avanti Residential has partnered with Trinity Investors in the $45 mil acquisition and recapitalization of Sunset Peak Apartment Homes, a 184-unit multi-family community located north of downtown Denver in Thornton, CO. The p...
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• Investor Pays $290/sf for Tempe Office Building
2/02/23
A 9.5k sf office building in Tempe traded hands in a $2.75 mil ($290/sf) transaction. The property, located at 2120 South McClintock Dr, south of East Broadway Rd on the corner of South McClintock Dr and East El Parquet Dr, w...
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• Trio of New Buildings Completed at 64-Acre Arizona Biz Park
2/01/23
Construction has been completed on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, AZ. The facil...
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• Anthem Development Lands $63 Mil in Joint Venture Equity and Debt for TX Res Development
2/01/23
Anthem Development has obtained $63 mil of joint venture equity and debt for the acquisition and development of Lofts iThirty, a planned 340-unit luxury multifamily property located on 10.4 acres at the Northwest corner of Br...
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