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• StreetLights Residential-Led Venture Acquires 8.5 Acres in Northwest Austin for 373-Unit Multifamily Project
3/15/18
A partnership controlled by Dallas-based StreetLights Residential has acquired 8.5 acres within the Austin Presidio development in northwest Austin, TX, with plans to build its second luxury multifamily community, consisting ...
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• The Calida Group Acquires 180-Unit Apartment Property in Las Vegas
3/15/18
The Calida Group has obtained a $24.06 mil senior loan for the acquisition and renovation of Hampton Garden, a 180-unit apartment property located in the Summerlin/Spring Valley submarket of Las Vegas. The financing was arra...
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• Construction Finished on 351k sf Spec Industrial Project in Texas from Ridge
3/13/18
Ridge has completed completed construction on a 351.2k sf, spec industrial project in Southpark Commerce Center in southeast Austin, TX. The project consists of three state-of-the-art buildings.
Located near I-35 and State H...
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• Pacific Development Partners Buys 290-Unit AZ Multifamily Property
3/13/18
Los Angeles-based Pacific Development Partners has purchased Vela, a 290-unit luxury multifamily community in Tempe, AZ. The price was not disclosed.
Vela is located at at 555 N. College Ave, adjacent to the Tempe Town Lake ...
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• Continental Realty Advisors and GTIS Partners Acquire 240-Unit Residential Asset in Arizona
3/12/18
Continental Realty Advisors Ltd (CRA) and GTIS Partners have teamed up in the acquisition of San Palmas at Mission Park, a 240-unit residential property in Chandler, AZ, in an off-market transaction. The price was not disclos...
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• OC Buyer Pays $15.75 Mil for Vegas Retail Center
3/12/18
Paradise Marketplace, a 78k sf, Smith’s-anchored shopping center located on the northeast corner of Flamingo Rd and Sandhill Rd in Las Vegas, sold for $15.75 mil ($202/sf). Investment Concepts Inc, out of the city of Orange, ...
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• Avison Young Awarded Management Assignment for AZ Retail Center
3/08/18
Avison Young was awarded the property management contract for Talavi Town Center, a 118.4k sf retail center in Glendale, AZ. Anne Pappas and Jackie Tucker, who are based in Avison Young’s Phoenix office, will lead the propert...
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• Cohen Asset Management Buys Living Spaces Distribution Center in Phoenix
3/08/18
Cohen Asset Management has acquired the Living Spaces Showroom and Distribution Center, a 437.2k sf, Class A industrial facility located at 6600 W Latham St in Phoenix. The price was not disclosed.
The Living Spaces Distribu...
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• Scottsdale Office Building Trades in $30 Mil Sale
3/07/18
Denver-based Buchtel Realty Investors has purchased 90 Mountain View Phase II, a 92.6k sf, single-tenant office building in Scottsdale, AZ for $30.5 mil ($329/sf). The property, located at 9999 N. 90th St, was sold by Los Ang...
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• San Diego Entity Buys 88k sf Retail Center in Denver Metro
3/02/18
San Diego-based Midtown National Group LP purchased an 87.7k sf, a Safeway-anchored shopping center in the Denver metro area. The shopping center was 99% occupied at the time of the sale. The purchase price could not be discl...
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• Passco and Patriot Self Storage Team up in Houston Self-Storage Buy
3/01/18
Passco Companies, in a joint venture partnership with Patriot Self Storage Management, has acquired a self-storage property totaling more than 54k sf in Houston, TX. The price was not disclosed
The facility, located at 4217 ...
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• Cypress West Partners and Virtus Real Estate Capital Buy 89k sf MOB in Nevada
3/01/18
Cypress West Partners and Virtus Real Estate Capital have teamed up to purchase Parkway Medical Plaza, an 89k sf medical office building in Henderson, NV. The transaction is estimated to be worth close to $32 mil, or $359/sf....
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• AZ Apartment Property Goes for $43k/Unit
2/26/18
An AZ-based investment entity paid $6.2 mil for Canyon Palms, a 143-unit ($43k/unit) multifamily apartment building situated just west of Black Canyon Fwy in Phoenix. The seller, Monte Vista Gardens LLC, is also an AZ-based ...
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• ViaWest Group Completes $34 Mil AZ Biz Park Buy
2/26/18
In a recent AZ biz park buy, ViaWest Group has purchased Blackhawk Corporate Center I, II and III for $34.25 mil, or about $135/sf. The seller was Cohen Equities NY LLC.
Constructed in 1997 and 1998, Blackhawk Corporate Cent...
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• Investors Trade AZ Industrial Park Asset in $36 Mil Transaction
2/23/18
Avondale Commerce Center I & II, a 13-building, 590.1k sf multi-tenant industrial park in Avondale, AZ, traded hands in a recent $36.25 mil ($61/sf) deal. The property sits on 47.7 acres at 1050 and 1250 N. Fairway Dr.
The p...
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• Regional Shopping Center Asset in Utah Trades for $142 Mil
2/23/18
The Shops at Fort Union, a 688.5k sf portion of the over 830k sf regional shopping center in Midvale, UT, has sold for $142 mil ($206/sf). The 86% occupied center is home to a number of national retailers including Smith’s Fo...
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• AZ Multifamily Community Sells for $90 Mil
2/23/18
Carlyle at South Mountain Townhomes & Apartments, a 552-unit residential community in Phoenix, was acquired for $90 mil ($163k/unit) by two entities formed by Western Wealth Capital of North Vancouver, British Columbia, Canad...
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• Vestar Spends $87 Mil on Vegas Retail Center
2/22/18
Vestar has purchased Best in the West, a 465k sf retail center in Las Vegas, NV, in a deal worth $87 mil, or $187/sf. The property, located at 2192 N. Rainbow Blvd, at the intersection with Lake Mead Blvd, was sold by Weinga...
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• Bixby Land Company and AXA Investment Managers - Real Assets to Go on Industrial Buying Spree
2/22/18
Bixby Land Company and AXA Investment Managers - Real Assets have reached an agreement to acquire as much as $400 mil of industrial properties. The joint venture with AXA IM - Real Assets fuels a strategic increase in Bixby’s...
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• Unique Scottsdale Res Community Sells for $283k/Unit
2/22/18
Dusk, a 41-unit multifamily property in Scottsdale, AZ, sold for $11.6 mil, or $283k/unit. The property is located at 3130 North Hayden Rd, north of Hwy 202 near Hwy 101.
Dusk represents a one-of-a-kind, “green” luxury renta...
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