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• Commercial Financing Briefs
2/03/21
BERKADIA -- Allan Freedman and Nick Provost with Berkadia secured a $65.6 mil refi loan on Laguna Serrano Apartments, a garden-style multifamily property located in Laguna Niguel, on behalf of an undisclosed California-based ...
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• White Oak Healthcare MOB REIT Buys Medical Office Property in Henderson, NV
2/03/21
White Oak Healthcare MOB REIT purchased a 38.1k sf, medical office property in Henderson, NV for $18.8 mil ($493/sf). The property is located at 2779 W. Horizon Ridge, in close proximity to Dignity Health’s hospital campus.
...
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• DB Capital Management Buys 422 Res Units in Austin
2/03/21
DB Capital Management has made its largest investment in Austin, TX with the acquisition of a three-property apartment portfolio totaling 422 units. The properties located in North Austin were built between 1980 and 1984 and ...
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• Construction on Gilbert Spectrum V Office Building in AZ for Northrop Grumman
2/02/21
Graycor Construction Company has completed the Gilbert Spectrum V office building on behalf of the property owner, SunCap Property Group, and is now underway on the final build-out for the building’s tenant – global aerospace...
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• 83-Acre Undeveloped Site Outside of Denver Sells
2/02/21
In a notable land buy in Colorado, an 83-acre development site at Rocky Mountain Rail Park, a rail-served industrial park located in unincorporated Adams County, CO, a suburb of Denver, traded hands. The undeveloped land was ...
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• Jason McCool Spends $47 Mil for a Stadium Vue
2/01/21
Stadium Vue Townhomes, a 163-unit multifamily community in Peoria, AZ, was purchased by Jason McCool for $47.3 mil ($290k/unit). The property was sold by Sunroad Enterprises.
Built in 2007, Stadium Vue Townhomes is a Class A...
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• LPC Desert West Buys 20 Acres in AZ for Industrial Project
2/01/21
LPC Desert West has purchased nearly 20 acres in the I-10 corridor in Phoenix for Buckeye85, a 321.9k sf, Class A industrial project. Buckeye85 will deliver the location, flexibility and creative industrial amenities desired...
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• McWhinney Closes Out 2020 with $38.5 Mil Buy of 180-Key Hotel Indigo Denver Downtown
1/29/21
McWhinney, a Colorado-based real estate investment and development firm, closed out 2020 with the $38.5 mil purchase of Hotel Indigo Denver Downtown, a full-service, 180-key hotel located at 1801 Wewatta St in downtown Denver...
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• Phoenix Paver Collects $14 Mil for HQ and Adjacent Facilities in Sale/Leaseback Deal
1/29/21
An LA area investor purchased Phoenix Paver’s headquarters and production facilities in Phoenix for $14 mil in a sale/leaseback transaction. Comprising four neighboring properties in the airport area, the acquisition consists...
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• Two Leases Totaling $17 Mil Bring Irving Office Complex to 85% Leased
1/28/21
There have been two new tenant leases totaling 54.9k sf of office space and worth a combined $17 mil to report at Urban Towers, a Class AA, high-rise office complex in Irving, TX, near Dallas. The asset is owned by San Diego-...
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• MIG Real Estate Buys 139k sf Industrial Project in Arizona
1/28/21
Gateway Technology Commerce Center, a newly constructed Class A multi-tenant industrial / warehouse project totaling 138.7k sf of space in Mesa, AZ, sold for $21.4 mil ($154/sf). The two-building project was acquired by Newp...
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• Year-End 2020 Highlights of Phoenix’ Industrial and Office Markets
1/27/21
Here is a quick summary of year-end 2020 numbers for the Phoenix office and industrial markets. These highlights were provided by real estate services firm CBRE and were taken from the firm’s more extensive 2020 final reports...
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• CapRock Partners Picks Up 13 Acres in Southwest Las Vegas
1/27/21
CapRock Partners has acquired a 12.95-acre industrial parcel in the Southwest Las Vegas submarket. The company plans to develop a three-building, 230k sf industrial park on the land, which was purchased from a local investmen...
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• ZOM Living Spends $82 Mil on 33 Acres of Undeveloped Land in Arizona
1/27/21
The fee and leasehold interest in an undeveloped four-parcel portfolio totaling approximately 33 acres in Phoenix and Scottsdale, AZ was acquired by an affiliate of ZOM Living, one of the nation’s largest developers of multif...
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• Investors Pick Up AZ Retail Assets in Deals Worth $9.5 Mil
1/25/21
Two newly constructed, multi-tenant Class A retail properties in Arizona sold in separate deals totaling $9.55 mil. The transactions included the Shoppes at Cortaro Ranch in Tucson that sold for $5.2 mil, and a freestanding r...
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• Crescent Communities to Build 317-Unit Res Community in Glibert, AZ
1/25/21
Crescent Communities is readying to begin construction on NOVEL Val Vista, a 317-unit multifamily development in Gilbert, AZ. Crescent has selected McShane Construction Company to provide construction services for the project...
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• YAM Properties Purchases 238k sf AZ Retail Center
1/22/21
Pima Crossing, a 238.3k sf, retail destination shopping center located at the northwest corner of Shea Blvd and Pima Rd in Scottsdale, AZ, sold for $51.5 mil ($216/sf). The buyer was YAM Properties, an owner-operator based i...
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• KKR Closes $43 Mil AZ Industrial Buy
1/22/21
KKR has purchased a newly constructed, 263.6k sf industrial distribution/warehouse facility in Goodyear, AZ for $43.1 mil ($163.50/sf). Built in 2019, the building, located at 17017 W Indian School Rd in the Phoenix MSA, is f...
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• AZ Retail Center Goes for $15 Mil
1/22/21
HK Real Estate Investment paid $15 mil for Tri-City Pavilions, a 94.3k sf ($159/sf), Safeway grocery-anchored shopping center in Mesa, AZ. The property was sold by Lamar Companies.
Located on 11.23 acres at the northeast cor...
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• Denver’s Granite Tower Receives Major Renovation
1/22/21
KBS has completed a series of renovations to Granite Tower, a 31-story Class A office building in Downtown Denver. Granite Tower, located at 1099 18th St, is owned by KBS REIT II.
The improvements serve to activate the bui...
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