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• Unique, 29-Acre Oceanfront Property in Hawaii Listed for Sale at $18 Mil
5/29/20
We like to share with our readers the occasional, unique real estate listing within our western U.S. coverage area, and today we’ve got another such newsbrief to mention. The property is Marconi Station, an approximately 29-a...
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• Amazon Buys AZ Industrial Asset for Its Last Mile Distribution Program
5/27/20
Amazon recently acquired a vacant, 106.8k sf industrial property in Tempe, AZ for $14.15 mil ($132.50). The property, located at 1516 W. 17th St, will be used as part of their “Last Mile” Distribution Program.
Rick Lee and C...
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• Coastal Rim Properties Buys Hawaii Res Tower Site
5/27/20
In news of an upcoming Hawaii res project, Coastal Rim Properties Inc acquired a prime 0.30-acre (12.8k sf) land parcel in downtown Honolulu, on which the firm intends to develop a brand new, 20-story affordable senior housin...
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• Creative Office Property in Scottsdale Airpark Trades in $8.5 Mil Deal
5/27/20
A 39.5k sf creative office property and airplane hangar in the Scottsdale Airpark sold for $8.53 mil ($216/sf). The asset, located at 7350 E. Evans Rd, was acquired by Los Angeles-based Route 66 Properties LLC as part of a 10...
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• Community Preservation Partners and The Hampstead Companies Undertake $26 Mil Affordable Housing Rehabilitation Project in Montana
5/26/20
Community Preservation Partners (CPP), in a partnership with The Hampstead Companies, has acquired its first property in Montana – the Ponderosa Acres Apartments located in Billings. The purchase is the first step in a rehabi...
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• Greenlight Communities Completes Two AZ Attainable Housing Communities
5/25/20
Greenlight Communities has completed development of two attainable housing communities in Phoenix, AZ. The communities provide a solution to rising apartment rents and the persistent need for more affordable housing, which ...
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• Lincoln Property Company Buys 425k sf Vegas Industrial Asset
5/22/20
Lincoln Property Company (LPC) has purchased Hughes Airport Center, an industrial portfolio consisting of six buildings totaling 425.8k sf of space within the desirable Las Vegas airport submarket. The acquisition, marking Li...
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• Oakmont Properties Pays Over $300k/Unit for CO Multifamily Asset
5/21/20
Oakmont Properties has purchased Fusion 355, a 286-unit multifamily property in Broomfield, CO, for $90 mil, or around $315k/unit. The asset, located at 355 Eldorado Blvd, was sold by AG Spanos, out of Stockton.
Built in 201...
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• $17.3 Mil Buys Multi-Tenant Office Property in Arizona
5/20/20
A 57.7k sf, multi-tenant office property in Scottsdale, AZ was acquired for $17.3 mil ($300/sf) by Valwood Element LLC. The property, known as Element, is located at 14614 N. Kierland Blvd.
Situated within the prestigious K...
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• Vacant Floor in Houston Office Building Becomes Axiom Space
5/20/20
Axiom Space Inc has signed a lease for an entire floor at 1290 Hercules Ave in Houston, boosting what was a vacant building to 52% occupancy. The 31.3k sf deal marks the largest new lease signed in the Clear Lake submarket si...
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• George Oliver Adapts Downtown Chandler Redevelopment in Response to COVID
5/15/20
In light of the COVID-19 pandemic, Phoenix-based developer George Oliver is making changes to build tenant confidence and position its latest redevelopment project, The Alexander, now under construction in downtown Chandler, ...
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• Oakmont Properties Buys 453-Unit, Luxury Res Project in Salt Lake City
5/15/20
Oakmont Properties purchased Hardware Apartments, a 453-unit, Class A luxury resort-style apartment community located at 455 West 200 North in Salt Lake City for an undisclosed amount. The property was sold by KBS Real Estate...
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• Pico Union Housing Corporation Picks Up 844-Unit Res Portfolio in San Antonio
5/14/20
Pico Union Housing Corporation has acquired a five-property, multi-housing portfolio totaling 844 affordable housing units within the San Antonio, TX market. The assets were sold by Terravista Partners. The price was not disc...
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• 138k sf AZ Retail Center Purchased with $28 Mil Loan
5/13/20
The Shops at Gainey Village, a 138.4k sf, grocery-anchored retail center in Scottsdale, AZ, was recently purchased by an unnamed borrower. The deal was made with an acquisition loan of $27.87 mil.
Located at 8777 - 8989 N. S...
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• Venture Global LNG Boosts Presence at Houston High-Rise by Additional 29k sf
5/13/20
Venture Global LNG Inc has extended and expanded its lease by 29.3k sf at 5 Houston Center in downtown Houston. The transaction brings the firm’s total lease at the property to 58.5k sf on two full floors.
Located at 1401 M...
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• Trio of Recent AZ Industrial Sales Account for 60k sf of Space
5/13/20
We’ve got three recent industrial purchases, totaling 60k sf, in the greater Phoenix area to report. The separate deals had different buyers and sellers.
In one of the deals, Crockett’s Honey, a family-owned raw honey manufa...
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• Capital Commercial Investments Inc Acquires 1.39 msf TX Office Campus
5/12/20
Austin-based Capital Commercial Investments Inc has acquired a three-building, 1.39 msf office campus in Fort Worth, TX that formerly served as the world headquarters for American Airlines Inc and American Airlines Federal Cr...
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• Swinerton Builders Inks Lease for 12k sf at Honolulu Office Tower
5/11/20
Swinerton Builders – one of Hawaii’s largest contractors – agreed to a 91-month lease for 12k sf of space on the fifth floor at Davies Pacific Center, a 23-story office tower located in the heart of the Honolulu business and ...
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• Brookfield Property Group Picks Up 80k sf Multi-State Industrial Portfolio
5/11/20
Brookfield Property Group purchased a seven-property, 80k sf multi-state industrial portfolio for $24.765 mil ($309/sf). The single-tenant assets, located in prized infill locations, all in top U.S. metropolitan areas, were s...
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• Berkadia Arranges $44 Mil in Financing on Two Res Properties
5/08/20
An unnamed ownership entity hs obtained $44.38 mil in combined financing on two multifamily properties, in California and Texas. The properties are Vineyard Village, located in Rancho Cucamonga, CA, and Wellington Park in Lew...
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