|
• Dixxon Flannel Co Buys Showroom/Warehouse Facility in Tempe
11/08/19
Dixxon Flannel Co spent $4.5 mil on a 48k sf ($94/sf) retail warehouse/showroom property in Tempe, AZ. Dixxon, an apparel company, is relocating and expanding from a smaller property, also in Tempe.
The two-story property si...
|
• AZ Multifamily Community Sold for $13.9 Mil
11/08/19
Montego Bay Apartments, a 192-unit complex in Sierra Vista, AZ, has sold for $13.9 mil, or $72.4k/unit. The property, located at 409 S. Lenzner Ave, was acquired by DLP Capital Partners, a single-family development and privat...
|
• CapRock Partners Starts Work on 683k sf Industrial Project in North Las Vegas
11/07/19
CapRock Partners has broken ground on Interchange Industrial Center, a 683k sf, Class A industrial complex in North Las Vegas. The industrial development, which was purchased from a private investor in July 2019, is situated ...
|
• AZ Res Sale a Reflection of Consistent High Demand in the Area
11/07/19
FIVE46, a 320-unit multifamily asset in Mesa, AZ, was acquired by S2 Capital for $46 mil, or $143.8k/unit. The property was sold by a joint venture between Security Properties and funds managed by Oaktree Capital Management L...
|
• Phoenix Multifamily Asset Purchased by OR Exchange Investor
11/06/19
Equity Advantage Inc, an OR-based 1031 exchange investor, has acquired Coronado 137, a 43-unit apartment community in Phoenix, for $7.5 mil ($174.4k/unit).
Located at 137 E. Coronado Rd in the desirable Coronado Historic Di...
|
• Colorado Multifamily Property Sells in $92 Mil Deal
11/06/19
Westhills Apartment Homes, a 400-unit apartment property in Colorado, traded hands in a $92 mil ($230k/unit) transaction. The property, located at 453 Van Gordon St in Lakewood, a submarket of Denver, was sold by Los Angeles-...
|
• Investor Spends Over $500/sf for AZ Single-Tenant Building
11/01/19
A 5.5k sf, single-tenant building in Cave Creek, AZ was purchased for $3 mil ($545/sf) by Thomas J Separate Property Trust of Cathedral City, CA. The property is 100% leased to a long tenant, Wilhelm Automotive, a full-servic...
|
• Gelt Spends $61 Mil on Denver Area Res Community
10/31/19
Gelt Inc has acquired Timber Lodge, a 390-unit, value-add apartment community outside of Denver, for $61 mil ($156.4k/unit). The property is located about nine miles from downtown Denver at 1769 Coronado Pkwy in Thornton, CO....
|
• Community Preservation Partners to Renovate Over 400 Affordable Homes in New Mexico
10/31/19
Community Preservation Partners (CPP) will begin renovations on 436 affordable homes throughout New Mexico, in a move that will extend and preserve many affordable housing units in the state.
Part of a $16.2 mil construction...
|
• Phoenix Area Office Asset Acquired by Dallas-Based Velocis
10/31/19
Dallas-based Velocis has purchased Kierland One, a 175.4k sf, Class A office building in Phoenix’ Kierland submarket. The property was sold by a single-purpose entity partnership between Hines and PCCP LLC for an undisclosed ...
|
• Construction Breaks Ground on First Buildings at SkyBridge Arizona
10/30/19
SkyBridge Arizona and Graycor Construction Company have broken ground on the first two buildings at SkyBridge Arizona. The major master-planned development will serve as the nation’s first-ever joint U.S. and Mexico inland po...
|
• Investors Trade AZ Self-Storage Asset in $4 Mil Deal
10/30/19
In an AZ self-storage sale, Phoenix-based WPC W. Thunderbird Storage LLC bought West Thunderbird Mini Storage in El Mirage for $4.1 mil. The asset was sold by Phoenix-based Quesnell Property Management LLC.
Located at 12500 ...
|
• Investor Buys 2.34 Acres in Phoenix for Future Development
10/28/19
Masyno Osborn LLC (Anthony Bibars) of Coolidge, AZ purchased 2.34 acres in Phoenix for $5 mil. The land, located at 3500 N. 4th Ave, was sold by Phoenix-based Seventh Camel Inc (Kerry Knight).
Located at the northwest corner...
|
• Lincoln Property Company and Harvard Investments Break Ground on First Building at 1.35 msf AZ Office Project
10/25/19
Lincoln Property Company and Harvard Investments have broken ground on the first office building at Union, a new project that – at build out – will total 1.35 msf in four Class A office buildings at the confluence of Mesa, Te...
|
• 196-Acre Land Buy Enables AZ Industrial Development to Support Up to 4.5 msf of Construction
10/24/19
A 196-acre land purchase made by a joint venture between Lincoln Property Company (LPC), Ken Roth/Roth Development Corporation and Scottsdale Investment Management LLC has expanded LPC’s just-announced Park303 industrial proj...
|
• Passco Companies Purchases 313-Unit Texas Res Property
10/24/19
Passco Companies has acquired Lakeview Villas, a 313-unit luxury community located at 2090 Sundance Pkwy in New Braunfels, TX, which has been recognized as the second fastest-growing city in the nation for the past two years,...
|
• George Oliver Acquires Two AZ Buildings for Redevelopment into Creative Office Space
10/23/19
Phoenix-based developer George Oliver has completed a $38.8 mil, two-building acquisition and will invest almost $14 mil in additional capital to bring a new creative office portfolio to the heart of downtown Chandler, AZ. Re...
|
• AZ Res Community Trades for $179k/Unit
10/23/19
Centerra Apartment Homes, a recently renovated, 202-unit garden-style apartment community in Scottsdale, AZ, has traded hands for $36.25 mil, or $179.5k per unit. The buyer was Phoenix-based Tanbic Edgehill Centerra Apartment...
|
• Work Gets Started on Luxury Res Development in Downtown Scottsdale
10/22/19
High Street Residential, the residential subsidiary of Trammell Crow Company, and its partner, Principal Real Estate Investors, have begun construction on a luxury 160-unit multifamily development in the heart of Downtown Sco...
|
• Transwestern Lands Leasing Assignment for New Building at Phoenix Biomedical Campus
10/22/19
Wexford Science & Technology LLC has awarded the leasing assignment for the new Wexford Innovation Center in Phoenix to Transwestern Commercial Services (TCS). The Class A, 227.1k sf property, located at 850 N. Fifth St, serv...
|
Return to the Texas/Southwest area
