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November 29, 2022
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TEXAS/SOUTHWEST NEWS
Archive
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• Investor Spends $19 Mil on Portion of Arizona Retail Center
10/11/22
A SoCal investor paid $18.9 mil for a 67.7k sf portion of Greenfield Gateway, a 349.1k sf ($279/sf) retail shopping center located at the southwest corner of Greenfield Rd and US Hwy 60 in Mesa, AZ. Greenfield Gateway is co-a...
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• Medline Leases 710k sf Facility in Salt Lake City
10/10/22
Medline inked a lease for a new 710k sf facility in Salt Lake City. Terms of the deal were not disclosed. The facility, located at 264 South 5750 West is slated for completion in the fourth quarter. Medline plans to occupy t...
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• Colorado Office Building Traded in $15.7 Mil Deal
10/07/22
A 69.9k sf office building in Greenwood Village, CO was acquired by a private investor for $15.7 mil ($225/sf). The building, located at 5500 Greenwood Plaza Blvd, was sold by Focus Property Group. 5500 Greenwood is situated...
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• North Palisade Partners Buys 6.4-Acre Industrial Dev Site in Nevada
10/07/22
North Palisade Partners acquired a nearly 6.4-acre site in the Reno, NV area, where it plans to develop Palisade Wild Horse Commerce Center, a 141.9k sf, Class A industrial property. The property, located at 99 Wild Horse Can...
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• Bridge Logistics Properties Buys 200k sf TX Industrial Facility
10/05/22
Bridge Logistics Properties (BLP) has acquired a 203.4k sf, Class A industrial building in Grand Prairie, TX. The price was not given out. The building, located at 804 W. Shady Grove Rd, is a recently delivered, highly funct...
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• Architectural Firm MVE + Partners Opens Denver Office
10/05/22
Architecture and planning firm MVE + Partners is opening a new Denver studio as part of the firm’s steady expansion. The new office, located in the city’s vibrant Uptown neighborhood at 1900 Grant St, boosts MVE’s presence in...
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• Cypress West Partners Venture Buys 32k sf Phoenix Area Medical Office Buy
9/29/22
In a recent Phoenix area medical office buy, a joint venture between Cypress West Partners and an institutional real estate advisor acquired Simon Medical Plaza, a new, 32k sf building in Laveen, AZ. The purchased was finance...
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• Teakwood Real Estate Partners Buys Self-Storage Facility in Mesa, AZ
9/28/22
Teakwood Real Estate Partners has acquired a 292-unit self-storage facility in Mesa, AZ. Westport Properties will oversee management and operation of the property, located at located at 462 S. Gilbert Rd, under the US Storag...
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• 300-Unit Res Asset in Reno Acquired by LDK Ventures
9/26/22
LDK Ventures acquired Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, NV. Located at 875 Damonte Ranch Pkwy, the property is approximately 75% complete, with f...
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• AZ Multifamily Community Trades in $68 Mil Deal
9/22/22
Ponderosa Ranch, a 272-unit, value-add multifamily community in Tempe, AZ, traded to a new owner in a $68.5 mil ($251.8k/unit) transaction. The asset was sold by KKR. Ponderosa Ranch is a 272-unit, garden-style multifamily c...
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• Kingsbarn Realty Capital Spends $114 Mil on Nevada Office Portfolio
9/22/22
Kingsbarn Realty Capital acquired Green Valley Corporate Center, a six-building office portfolio totaling 347k sf in Henderson, NV, for $114.5 mil, or $330/sf. The properties were sold by from JMA Ventures LLC and Blue Vista ...
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• Phoenix Office Building Traded in $61 Mil Deal
9/21/22
Bridge Investment Group closed on a Phoenix office buy, paying $61.8 mil for Camelback Center, a Class A, multi-tenant office building totaling 236.6k sf ($261/sf) of space. The property was sold by Nuveen Real Estate. Camel...
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• Two-Building Las Vegas Industrial Property Fetches $5.1 Mil
9/21/22
Two freestanding buildings totaling 14.5k sf in Las Vegas sold for $5.1 mil, or $352/sf. The buildings, built in 1989, are located at 2829 Losee Rd. The property includes a 4.5k sf office space and a 10k sf industrial wareho...
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• Community Preservation Partners Picks Up Housing Communities in CA, NM and AZ
9/20/22
Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona. The assets have a combined purchase price of $48.75 mil. One of the properties is Park V...
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• Contour Venture Secures $99 Mil to Start Work on 829k sf AZ industrial Development
9/20/22
A Contour-led venture has obtained $99 mil in construction money for Phase I development of Sossaman Park 202, a five-building industrial development totaling 828.7k sf in Mesa, AZ. Once completed, the project will include...
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• Copper State Bolt & Nut Starts Work on Distribution Center in Goodyear, AZ
9/19/22
Copper State Bolt & Nut Co has broken ground on a new 39.5k sf, Class A distribution center on five acres they acquired within the PV 303 industrial park in Goodyear, AZ. The project represents an expansion of the Phoenix-bas...
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• Continental Realty Assets Ltd and MLG Capital Buy 112-Unit Res Property in Colorado
9/19/22
Continental Realty Group, through its subsidiary Continental Realty Assets, Ltd. ("CRA"), a Denver-based multifamily owner and operator, in partnership with Milwaukee-based MLG Capital, is pleased to announce the purchase of ...
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• NDL Group Inc Collects Over $5 Mil from Building Sales at Camino Al Norte Office Park in Las Vegas
9/19/22
Six grey shell office buildings totaling 33.8k sf within Camino Al Norte Office Park in North Las Vegas were sold to five private buyers in four deals worth $5.05 mil. The properties were sold by Las Vegas-based seller and de...
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• New Mexico Retail Property Gets New Owner in $7.5 Mil Deal
9/19/22
Valencia Y Shopping Center, a 51.9k sf shopping center in Los Lunas, NM, traded for $7.5 mil, or $145/sf, in an all-cash 1031 exchange deal. Located at 2150-2520 Main Street NE in Las Lunas, Valencia Y Shopping Center is sit...
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• Legacy Partners and Pacific Life to Start Work on 236-Unit Denver Multifamily Development
9/16/22
Legacy Partners and Pacific Life have broken ground on Araceli, a 236-unit, Class A, NGBS Green-Certified Gold high-rise in Denver. The project was designed by KTGY with Catamount Constructors as the general contractor. The ...
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