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• EverWest Real Estate Investors Pays $8.65 Mil for Building Filled with DIRTT
1/07/19
Denver-based EverWest Real Estate Investors purchased Phoenix Airport Industrial Center, a 77.6k sf building in Phoenix, for $8.65 mil ($111/sf). The property was sold by Los Angeles-based Cohen Asset Management.
Phoenix Air...
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• Big Lots Center in Las Vegas Trades for almost $13 Mil
1/04/19
Craig Promenade, an 81.1k sf, Big Lots anchored neighborhood shopping center in North Las Vegas, was purchased for $12.9 mil ($159/sf) by Tulsa, OK-based Liberty Crossing Apartments LLC, an entity formed by Precision Equity. ...
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• Bixby Land Led Venture Secures $180 Mil Credit Facility
1/03/19
Bixby Land Co, in a joint venture with an institutional partner, has secured a $180 mil credit facility. The fund’s initial closing of $48.875 mil was used to finance a four-building, Class A industrial portfolio totaling 982...
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• WellCare Health Plans Inks $23 Mil Lease for 81k sf in Phoenix
1/02/19
WellCare Health Plans Inc signed a long-term lease for 81.3k sf at Two Gateway Center in Phoenix. The 10-year transaction is worth $23 mil, or around $2.35/sf/mo.
Wellcare, a national health insurance firm, took three floors...
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• Hines and Cousins Properties Acquire Land in Downtown Tempe, AZ for Mixed User
1/02/19
Hines and Cousins Properties, an Atlanta-based REIT, have purchased 2.5 acres of land located on Mill Ave in Downtown Tempe to develop 100 Mill, a project consisting of a 280k sf, 15-story class AA modern office tower and a h...
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• Tempe, AZ Office Building Trades in $34 Mil Deal
12/27/18
Papago Spectrum, a 159.3k sf, Class A office building in Tempe, AZ traded hands in a recent deal. The property is located at 1225 West Washington in the heart of the city’s downtown.
The property was acquired by Alidade Papa...
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• Held Properties Closes $23 Mil Creative Office Buy in Chandler, AZ
12/26/18
San Tan Tech Center, a 129.2k sf, high-tech bioscience and creative office building in Chandler, AZ, was acquired by Held Properties Inc for $22.75 mil, or $176/sf. Located at 145 S. 79th St, the asset was sold by ViaWest Gro...
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• TruAmerica Spends $67 Mil on 472 Res Units in Tempe, AZ
12/21/18
TruAmerica Multifamily, in joint venture with an institutional capital partner, has acquired a two-property, 472-unit apartment portfolio in Tempe, AZ for $67.3 mil ($142.5k/unit). With these most recent purchases, TruAmerica...
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• AZ Neighborhood Shopping Center Fetches Over $40 Mil
12/20/18
Oracle Crossings, a 251.2k sf Sprouts Farmers Market-anchored neighborhood shopping center Oro Valley, AZ, was purchased by Tucson-based Town West Realty for $40.8 mil ($162/sf). The property was sold by Weingarten Realty of ...
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• MedImpact Healthcare Systems Buys Tempe Industrial/Flex Property for Expansion
12/18/18
San Diego-based MedImpact Healthcare Systems Inc purchased Ocotillo Business Center, a 102.7k sf, industrial/flex property in Tempe, AZ, for $12.6 mil ($123/sf).
Ocotillo Business Center is a three-building complex located a...
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• Neighborhood Retail Center in Arizona Sells for $5 Mil
12/17/18
The Shops at Arizona, a 35.7k sf Ace Hardware-anchored neighborhood shopping center in Anthem, AZ, sold for $5.075 mil, or $142/sf. The center, located at 3434 Anthem Way, is 88% occupied with a mix of daily needs, food servi...
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• Phoenix Industrial Property Goes for $38/sf
12/13/18
Phoenix-based Presson Corporation purchased Van Buren Industrial Center, a 173.9k sf industrial complex in southwest Phoenix, for $6.6 mil ($38/sf). Black Equities, out of Beverly Hills, sold the property, located at 34–74 N....
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• $85 Mil Spec Industrial Facility in Phoenix’ West Valley is Now Available
12/12/18
Lincoln Property Company has completed Lincoln Logistics 40, a 901.8k sf, Class A industrial facility on more than 20 acres in Phoenix’ West Valley. We’re told that the $85 mil project represents Phoenix’s first-ever 40’ clea...
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• Out of State Investor Pays $32 Mil for Chandler, AZ Res Community
12/12/18
River Ranch, a 188-unit multifamily community in Chandler, AZ, traded hands in a recent, $32 mil ($170.2k/unit) deal. Located at 6152 W. Oakland St, the asset was acquired by Greystar GP II LLC, an entity formed by Greystar o...
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• Kennedy Wilson Closes $49 Mil Res Buy in Utah
12/10/18
Kennedy Wilson has acquired Alpine Meadows, a 222-unit wholly owned apartment community in the Salt Lake City region, for $49 mil, or $220.7k/unit.
Kennedy Wilson invested $20 mil of equity in Alpine Meadows, while also obt...
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• Tower 16 Capital Partners and Henley USA Team Up in $29.5 Mil Vegas Multifamily Buy
12/07/18
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Evergreen Apartments, a 314-unit, multifamily project two miles west of the Las Vegas Strip, for $29.5 mil ($94k/unit). Tower 16 wil...
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• Phoenix Office Investment Buy Closes at $6.75 Mil
12/06/18
Beverly Center, a single-story, 43k sf Class A single-tenant office property in Phoenix, sold for $6.75 mil ($157/sf). The property, located at 8181 S. 48th St, was acquired by Beverly Holdings LLC, out of Woodland Hills.
Be...
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• AZ Office Complex Acquired for $25 Mil by Ascentris
12/05/18
Kierland Corporate Center, an 81.9k sf, Class A office complex in Scottsdale, AZ, traded hands in a recent $25 mil ($305/sf) transaction. The buyer was Ascentris, a Denver-based real estate private equity firm. It was sold by...
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• Continental Realty Advisors Ltd and MLG Capital Team Up in $53 Mil AZ Res Buy
12/05/18
Tempe Metro, a 408-unit apartment community in Tempe, AZ, was acquired by Continental Realty Advisors Ltd and MLG Capital in a recent $53.5 mil ($131k/unit) deal.
Completed in 2010, Tempe Metro features studios, one-, two- a...
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• Brixton Capital Purchases 127k sf Vegas Retail Asset
12/04/18
In a recent Las Vegas retail acquisition, Brixton Capital purchased a grocery-anchored, 126.7k sf shopping center called Decatur 215. The property, located at the southeast corner of North Decatur Blvd and West Tropicana Pkwy...
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Return to the Texas/Southwest area
