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• Florida Investor Exchanges into a $3.6 Mil AZ Auto Center Buy
9/21/20
A Florida-based 1031 exchange, private investor picked up a 6.1k sf, single-tenant auto care retail property occupied by Bridgestone in Surprise, AZ in a $3.6 mil off-market transaction. The tenant recently moved into the new...
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• Treehouse Communities Venture Lands $46 Mil in Financing on Manufactured Housing Portfolio
9/18/20
A joint venture partnership between an institutional investor and Treehouse Communities has obtained $46.44 mil in financing for a manufactured housing portfolio totaling 1,050 home sites within 17 manufactured home communiti...
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• CT Realty Picks Up 18.5-Acre TX Development Site
9/18/20
CT Realty has acquired a prime, 18.46-acre infill site in Irving, TX on which the company will develop Stadium Logistics Center, a 329.4k sf industrial building. The $40 mil project, slated to break ground later this month, w...
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• Greater Texas Federal Credit Union Buys Austin HQ Office Building
9/17/20
Greater Texas Federal Credit Union has acquired Riata Crossing 6, a two-story 50.5k sf office building in Austin that was built by Generational Commercial Properties to serve as GTFCU’s new headquarters. The property is locat...
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• GPMI Company Leases 85k sf of AZ Manufacturing Space
9/17/20
GPMI Company, a disinfectant wipe manufacturer, inked a 10-year lease for 85k sf of space at Gilbert Spectrum Building 1 in Gilbert, AZ. The tenant will bring its manufacturing back to metro Phoenix after a 10-year hiatus.
L...
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• Single-Tenant Subway in Denver Trades at $500/sf
9/16/20
A 1.6k sf, single-tenant retail property occupied by Subway in Denver traded for $810k, or $506/sf. At the time of sale, Subway had 11 years remaining on its franchise-backed lease.
Remodeled in 2010, the property is located...
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• Lincoln Property Company Acquires 134k sf Biz Park In Salt Lake City
9/15/20
The Desert West Region of Lincoln Property Company (LPC) has added a second asset to its Salt Lake City portfolio with the purchase of Pacific Landing, a two-building, 133.9k sf Class A multi-tenant industrial property in the...
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• Trammell Crow Company and CBRE U.S. Development Partners 5 Complete 356k sf Industrial Development in Phoenix
9/15/20
Work has been completed on Park Aldea, a 356k sf, four-building industrial development in Phoenix. The project is a development of Trammell Crow Company (TCC) and its partner, CBRE U.S. Development Partners 5, a fund sponsore...
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• Buchanan Street Partners Closes on 276-Unit Res Buy in Colorado
9/14/20
Buchanan Street Partners has acquired The Vibe, a 276-unit multifamily community in Fort Collins, CO. The property, built in 2018, was sold by Milestone Development Group in a $74 mil ($268k/unit) transaction.
The Vibe, con...
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• Work Started on 276-Unit AZ Res Community
9/10/20
Continental Properties has begun work on Springs at Cooley Station, a 276-unit residential community in Gilbert, AZ. The development is being built by McShane Construction Company, in the 20th Springs project between the two ...
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• Lowe Property Group Breaks Ground on 284k sf Mixed-Use Project in Downtown Salt Lake City
9/09/20
Lowe Property Group has broken ground on 6th & Main, a 284k sf mixed-use development in the heart of downtown Salt Lake City. The eight-story structure will include 10.1k sf of commercial space and 141.1k sf of residential ap...
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• Final Pad Sold at 13-Acre AZ Mixed-Use Project
9/02/20
The final pad has been sold at Verrado Marketside West, a 13-acre development consisting of 11 distinct pads that have all been sold separately. The buyers have been a variety of owner/occupants consisting of retail, restaura...
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• Sealy & Company Buys 132k sf of TX Industrial Assets
9/02/20
Sealy & Company purchased two light industrial warehouse and distribution buildings totaling 131.6k sf within the Butterfield Industrial Park in El Paso, TX. Sealy purchased the assets from Hagar Pacific Properties for an und...
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• Mark IV Capital Inc Picks Up 24k sf AZ Office Asset
9/01/20
Mark IV Capital Inc, out of Newport Beach, has acquired Perimeter Parkview Corporate Center, a 24.2k sf, Class A multi-tenant office building in Scottsdale, AZ. The asset was sold by Melcor Developments of Edmonton, Canada.
...
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• Trion Properties Spends $38 Mil on Its First Res Buy in Colorado
9/01/20
Trion Properties has acquired The View at North Peak, a 288-unit multifamily community in Northglenn, CO, a suburb of Denver. The mixed-income property, located at 10701 North Pecos St, was purchased in an off-market transact...
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• Critical Role of Data Centers in Business Continuity Drives Data Center Market Resilience in H1 2020
8/31/20
This report was provided by real estate services firm CBRE
The North American data center sector was resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work ca...
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• ACB Properties LLC Buys AZ Industrial Facility with Plans for Major Improvements
8/28/20
ACB Properties LLC acquired a 141k sf industrial distribution and warehouse facility in Tempe, AZ for $7.75 mil. The company completed the buy with a loan for $11.8 mil, which includes money for significant improvements to th...
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• AZ Safeway-Anchored Shopping Center Purchased by Beverly Hills Exchange Investor
8/27/20
Safeway Center at Lake Powell, a 100.5k sf Safeway-anchored shopping center in Coconino County, AZ, was acquired by a Beverly Hills-based 1031 exchange buyer with a portfolio of properties in Arizona. The property was sold by...
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• Single-Tenant Property in Fort Worth, TX Goes for $268/sf
8/26/20
A single-tenant, early childhood education facility leased to Xplor Preschool traded for $4.1 mil. The 15.3k sf ($268/sf) property sits on 2.1 acres at 4601 Huffines Blvd in Fort Worth, TX.
The property features an absolute ...
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• PV Asset Management Secures $9.5 Mil in Construction Money for TX Student Housing Project
8/26/20
PV Asset Management has obtained a $9.5 mil construction loan for the development of 120 student housing units in Prairie View, TX. The site is walking distance to the Prairie View A&M University (PVAMU) with enrollment of ap...
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