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• H Mart to Take Over Asia Town Center
2/06/08
A new Las Vegas retail center aimed at the city’s rapidly growing Asian population is set to break ground in spring of 2008 with an anchor tenant already in tow. Asian Grocer H Mart has agreed to a deal for a 50k sf store at ...
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• New Mesa Industrial Project Underway
1/22/08
Construction of a new 125k sf industrial property in Mesa, AZ is being financed with $10.8 mil provided by Wrightwood Capital. The property, called Pecos Gateway, is located between Ellsworth Rd and Sossaman Rd, approximately...
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• Inland Western Woos Juliet in Retail Joint Venture
1/17/08
In big news from the retail front, Inland Western Retail Real Estate Trust Inc and the Juliet Companies have joined forces in a strategic $500 mil joint venture to develop multi-tenant retail properties located in major MSAs ...
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• Development of New Phoenix Office Buildings Handled with Grace
1/16/08
Construction of the final two office buildings at Grace Court office complex, a four-building, 248k sf development on nine acres in downtown Phoenix, has just been completed. Broadreach Capital Partners, the project developer...
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• Lennar Sells AZ Homes through Online Auction
1/14/08
Lennar, the big national home builder, recently sold 16 new homes in the community of Laureates at Savannah in Litchfield Park, AZ through an online home auction conducted by RealtyBid.com. The two-week online event took plac...
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• Henderson Multifamily Portfolio Trades for $75 mil
1/09/08
A major 640-unit multifamily portfolio in Henderson, NV traded hands in a recent $75.35 mil ($117.7k/unit) transaction. The portfolio consists of two condo-mapped complexes – Crossing at Green Valley Condominiums and Martiniq...
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• Triple Net Picks Up Phoenix Office Park in Year-End Deal
1/07/08
A 176k sf office park in Phoenix, AZ traded hands in an end-of-year acquisition by SoCal-based Triple New Properties on behalf of tenant-in-common investors. The property, Townley Business Park, consists of three office build...
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Executive Subscriber Price: Free
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• Mesa West Provides $30 Mil for Denver-Area Apartment Asset
1/03/08
Mesa West Capital provided $30.6 mil in financing for The Aventine, a multifamily complex located in the Denver-metro submarket of Aurora that was recently acquired by Seattle-based Security Properties Inc. Since its inceptio...
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• Gilbert, AZ Medical Office Property Sells for $9.8 Mil
1/02/08
Here’s the scoop on two end-of-year sales from Arizona, one a medical/office deal and the other a two-building portfolio purchase. In the larger transaction, a La Jolla-based company paid $9.85 mil for Harbor Shores Medical, ...
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• WCM Bets $126 Mil on Vegas Industrial Complex
12/20/07
In a major Las Vegas sale, an eight-building, 386.3k sf office park traded hands in two deals with a combined valued of $126.4 mil ($327/sf). The property, Centra Point Office Park, was purchased by Seattle-based pension fund...
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• Redevelopment on Phoenix Mixed-Use Buildings Nearing Completion
12/19/07
Redevelopment work by Highland Development Company on 375k sf of mixed-use buildings in Phoenix is about 80% complete. The property is a 28-acre parcel of land that Highland purchased from Portland-based SkanlanKemperBard Com...
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• Large Avondale, AZ Site Acquired for Industrial Development
12/13/07
A large chunk of land in Avondale, AZ was acquired by an investor for future industrial development. The 11-acre site, located at the Rio Estrella Commerce Park on Eliseo Felix Jr. Way and East Van Buren St, just off I-10, tr...
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• Newmark Realty Capital is the Financing Authority in Vegas
12/11/07
Newmark Realty Capital arranged permanent financing of $104 mil on a new Class A office building in Las Vegas. The building, the Southern Nevada Water Authority’s (SNWA) new HQ location, contains 280k sf over 17 floors and is...
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• Specialty Finance Group Arranges $24 Mil for Yuma Hotel/Conference Center
12/03/07
The developer behind the new $30 mil Hilton Garden Inn and Riverfront Conference Center in Yuma has secured financing for the first major components of the much-anticipated and historically significant Pivot Point redevelopme...
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• John Smeck is Johnson Capital’s Sundance Kid
11/29/07
Johnson Capital arranged $50.8 mil in permanent financing for the Sundance Towne Center, a recently completed 635k sf community retail center situated in the center of Buckeye, an Arizona town located roughly 35 miles west of...
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• Vegas Office Complex Sells for $24.8 Mil
11/28/07
Commercial real estate in Las Vegas is doing a lot better than the residential market in the region these days, as investors are still attracted to the underlying fundamentals in office and industrial properties in the area. ...
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• Dwyer-Curlett Arranges $17.8 Mil for Pair of Vegas Flex-Tech Buildings
11/27/07
Here are a few deal briefs from the Southwest towns of Las Vegas, Phoenix and Scottsdale. We’ll lead off by letting you know about a financing transaction, as Dwyer-Curlett arranged $17.8 mil in acquisition money for two flex...
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• Transpacific Closes $22 Mil Phoenix Office Buy
11/26/07
Transpacific Development Company, the Torrance-based development and investment firm, recently added another substantial asset to its portfolio with the acquisition of a 92k sf office building in Phoenix, AZ. The four-story, ...
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• Quarterpenny Picks Up 270-Unit Tucson Complex
11/15/07
Tucson-based Quarterpenny Company has purchased Tamarack, a 270-unit apartment community located at 1111 West St. Mary's Rd in Tucson, for $10.5 mil ($38.9k/unit). Built in 1985, Tamarack is an interior gated-community compri...
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• Phoenix Buyer Spends $21 Mil for University Education
11/12/07
A four-property, 268-unit apartment portfolio in Tempe, AZ was acquired by a Phoenix investor for $21.4 mil ($79.9k/unit). The assets, known as the University Properties are: University Place; University Pointe; University Sq...
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Return to the Southwest area
