|
• 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...
|
• Next Wave Investors Buys 380 Res Units
10/22/19
Next Wave Investors LLC has acquired four apartment communities totaling 380 units in the western U.S. These include the 96-unit La Estrella Vista and 149 units of the 160-unit Westover Parc in Phoenix, AZ, the 72-unit Bella...
|
• Bascom Northwest Ventures Wraps Up $90 Mil Denver Res Buy
10/21/19
Bascom Northwest Ventures LLC has acquired 1000 South Broadway Apartments, a 260-unit Class A infill apartment community in Denver, in a $90.5 mil ($348k/unit) deal. The property was purchased with investment proceeds derived...
|
• Phoenix Industrial Project Trades for $24 Mil
10/18/19
Greenwood & McKenzie purchased Desert Gateway, a 172.8k sf, two-building industrial project in Phoenix, in a recent $24 mil ($139/sf) deal. The property, located at 909 W. Pinnacle Peak Pkwy and 1000 W. Vista Bonita Dr, was s...
|
• AZ Grocery-Anchored Center Trades for Over $40 Mil
10/17/19
Sparks Galleria, a 212.6k sf, grocery-anchored retail center in Sparks, NV, was purchased by CIRE Equity in a transaction valued at $40.65 mil, or $191/sf. The property, located on Disc Dr and Galleria Pkwy east of Route 445/...
|
• Greenfiber Leases 74k sf AZ Space
10/17/19
Charlotte-based Greenfiber signed a lease for 74k sf of space at Gateway Technology Commerce Center in Mesa, AZ. The property is located at 7535 E. Ray Rd.
Recently completed in the summer of 2019, Gateway Technology Commerc...
|
• Single-Tenant Retail Building in Glendale, AZ Sells for $1,390/sf
10/16/19
Black Rock Coffee Bar, an 863 sf, single-tenant retail building in Glendale, AZ, sold for $1.2 mil, or $1,390/sf. The property is located at 6805 W. Bell Rd.
The building is 100% leased to Oregon-based Black Rock Coffee Bar,...
|
• BKM Capital Partners Spends $14.75 Mil on Denver Distribution Complex
10/15/19
BKM Capital Partners has acquired Crossroads Distribution Center, a 14-unit industrial asset consisting of three single-story distribution warehouse buildings totaling 150.2k sf in the Central East I-70/Montbello submarket of...
|
• Commercial Real Estate Financing Briefs
10/10/19
CONTINENTAL PARTNERS - Brian Asheghian with Continental Partners arranged a $34 mil loan for a newly constructed 144-unit multifamily asset in North Hollywood. The loan serves to refinance the existing construction loan on th...
|
Return to the Texas/Southwest area
