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• Eisenberg Company Acquires 33 Acres for Two AZ Industrial Projects
5/15/19
Phoenix-based Eisenberg Company has two new industrial projects slated for completion in the fourth quarter of 2019. The projects, Avondale 107th and Washington 83, are set to start construction this quarter and will total a ...
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• New Mexico Staples Sells for $123/sf
5/15/19
A 24k sf Staples, The Office Super Store in Hobbs, NM sold for $2.948 mil, or $123/sf. Hobbs is a “high desert” town centrally located between Lubbock TX, Midland, TX and Roswell, NM.
Built in 1998, the property is located ...
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• 322-Unit Res Development in Denver’s Golden Triangle Now Open for Leasing
5/14/19
Units at TriVista on Speer, a 322-unit apartment development in Denver’s Golden Triangle neighborhood, has been completed and are now being marketed for lease The seven-story community, a development of Legacy Partners in a j...
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• Gelt Inc Spends $62 Mil on CO Residential Community
5/10/19
Gelt Inc has acquired Cedar Run Apartments, a 384-unit apartment community in Denver, for $62 mil, or $161.5k/unit. The property sits on 14 acres at 888 South Oneida St, west of Quebec St off Hwy 83.
Built in 1970 and part...
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• AT&T Marketing Portfolio of 33 Industrial Sites in CA and TX
5/10/19
AT&T has awarded CBRE Capital Markets with the listing for a portfolio of 33 industrial sites that are poised for redevelopment or value-add repositioning in the largest markets of California and Texas.
The sites have been ...
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• TruAmerica Partnership Spends $97 Mil on Res Properties in Las Vegas and Atlanta
5/09/19
TruAmerica Multifamily has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 mil. The purchase was made with an institutional part...
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• CapPlus Technologies Buys 20k sf Industrial Facility in Phoenix
5/09/19
CapPlus Technologies has purchased a 20.6k sf, state-of-the-art manufacturing and distribution facility in Phoenix for $2.93 mil, or $142/sf. CapPlus provides innovative production and packaging solutions for softgel caps, ca...
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• Net-Leased, Single-Tenant Industrial Facility in Texas Fetches $154/sf
5/08/19
A 27.2k sf, industrial building in Brookshire, TX sold for $4.2 mil, or $154/sf. The single-tenant property, located at 502 FM Highway 359 Road South, is fully occupied by H&E Equipment Services on a net lease with more than ...
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• Two AZ Carl’s Jr Stores Sell for $3.4 Mil
5/08/19
Two AZ Carl’s Jr.’s totaling 6.8k sf traded hands in a deal worth $3.4 mil. The properties, located at 1880 E. Broadway Blvd in Tucson, and 5775 W. Northern Ave in Glendale, were controlled by Strata Equity Corporation Inc an...
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• IDM Companies Secures $54 Mil for Development of Two AZ Res Projects
5/08/19
PCCP LLC has provided two senior loans totaling $54.2 mil to IDM Companies for the ground-up development of two multifamily complexes in the Phoenix market. The properties will total 534 units and include IDM Estrella Parkway...
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• Continental Realty Advisors Collects Over $200 Mil from the Sales of Four Multifamily Communities
5/07/19
Four apartment properties containing in excess of 1,400 units have sold in separate transactions totaling over $200 mil. The properties, which were sold by Denver-based Continental Realty Advisors (CRA), span four different h...
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• Seefried Industrial Properties and Crow Holdings Capital Real Estate Buy 40 Acres in AZ for Development
5/06/19
Seefried Industrial Properties and Crow Holdings Capital Real Estate recently acquired 40 acres of land in Avondale, AZ. The site will be used for the development of 101 Logistics Park, a new two-building, Class A industrial ...
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• Investors Trade Two AZ Gas Stations for $5.5 Mil
5/02/19
Scottsdale-based Mesa Valley I acquired two AZ gas station properties for $5.55 mil. The purchases include an ARCO, located at 3610 E. Bell Road in Phoenix, and a Chevron, located at 825 E. Apache Blvd. in Tempe The assets we...
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• Consolidated Electrical Distributors Leases 51k sf in Phoenix
4/30/19
Consolidated Electrical Distributors (CED) has inked a 10-year lease for a 51.5k sf warehouse property in Phoenix. The property is located at 1717 E. Rairdan Lane, within the city’s Central City submarket.
The new tenant, on...
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• Residential Tower Project in Austin, TX Lands $88 Mil in Construction Funding
4/30/19
Austin-based Pearlstone Partners and Miami-based Newgard Development have secured an $87.9 mil loan for construction of 48 East Avenue, a 249-unit, 30-story condominium project being developed in Austin’s Rainey District. The...
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• Harsch Investment Properties Completes 724k sf of Industrial Buildings in North Las Vegas
4/29/19
Harsch Investment Properties has completed the development of two industrial buildings encompassing 723.7k sf at Speedway Commerce Center III in North Las Vegas. The buildings are located at 6255-6335 North Hollywood Blvd.
S...
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• PCCP LLC and Hopewell Development to Start 245k sf of Spec Industrial Buildings in Phoenix
4/29/19
PCCP LLC and Hopewell Development have formed a joint venture for the speculative development of three Class A industrial buildings totaling 245.4k sf in the Southwest Valley submarket of Phoenix, AZ. Two buildings (78.2k sf ...
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• Stanton Road Capital Buys 210k sf TX Office Building
4/29/19
In a TX office buy, Stanton Road Capital LLC acquired Campbell Glen II, a 210k sf, Class A building in the Richardson submarket of Dallas. The building is located at 1125 E. Campbell Road.
Currently vacant, and formerly leas...
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• Passco Companies Acquires 330-Unit TX Multifamily Asset
4/25/19
Passco Companies has acquired The Grayson, a 330-unit, Class A apartment community in the northern Houston submarket of Spring, TX. The price was not given out.
Constructed in 2016, The Grayson is located at 4115 Louetta Rd....
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• Premier Business Centers Rebrands to Premier Workspaces
4/25/19
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
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