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• Admiral 2R Management Closes on Office Buys in Phoenix and San Diego
8/06/18
Admiral 2R Management LLC closed on two office property buys, acquiring The Madison office complex in Phoenix and the Balboa Executive Center office building in San Diego. These acquisitions, totaling 298k sf of space, are t...
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• Gelt Buys 588 Res Units in San Antonio
8/06/18
Gelt Inc has acquired a two-property apartment portfolio totaling 588 units in San Antonio, TX. The two adjacent properties include Barcelo, a 288-unit community located at 3501 Pin Oak Drive, and Melia, a 300-unit community ...
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• Colorado Residential/Retail Development Refinanced with $118 Mil Senior Loan
8/03/18
PCCP LLC has issued a $118.5 mil senior loan to a joint venture between Sightway Capital, The Pollin Group, and Catalina Development Company for the refinance and stabilization of Forum Fitzsimons, a new construction, multifa...
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• Phoenix Office Market Has 2.7 msf Under Constuction
8/02/18
The more than 2.7 msf of office space now under construction in metro Phoenix is the most seen since 2015. But, according to the Q2 2018 Phoenix Office Insight report from the Phoenix office of JLL, it still may not be enough...
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• Graycor Raises First Massive Panels at TEN Distribution Center
8/01/18
Graycor Construction Company has completed the first of three “Panel Lifts” at TEN Distribution Center 1, providing an initial glimpse at the size and scope of building one at Irwin G. Pasternack AIA + Associates PC’s planned...
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• GVA Real Estate Group Buys 364-Unit Multifamily Asset in Texas
8/01/18
GVA Real Estate Group has purchased Huntington Glen Apartments, a 364-unit multifamily property in Houston. The property was sold by a joint venture partnership of L5 Investments and BH Equities, who acquired the asset in 201...
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• AZ Neighborhood Center Traded in $7 Mil Deal
7/31/18
Goodyear Central Marketplace, a 61.1k sf neighborhood shopping center in Goodyear, AZ, sold for $7.04 mil ($115/sf). The property, located at 13530-13650 W. Van Buren, was purchased by Vancouver-based Dhir Capital LLC.
Ancho...
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• Tower 16 Capital Partners and Henley USA Team Up in $50 Mil Vegas Apartment Buy
7/27/18
Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Foothill Village, a 512-unit multifamily project in the Las Vegas submarket of Spring Valley. The property was acquired on an off-market basis from a...
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• Transwestern Team Brokers $275 Mil of Apartment Sales in North Texas
7/26/18
Transwestern brokered the sales on 12 apartment communities in North Texas, totaling 3,200 units in transactions valued at a combined $275 mil. Transwestern’s Taylor Snoddy, Philip Wiegand and James Roberts negotiated the dea...
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• Investor Pays $293/sf for AZ Medical Office Asset
7/25/18
In a recent AZ medical office buy, Cypress West Realty Partners LLC paid $4.4 mil for Desert Sun Medical Center, a 15k sf ($293/sf) medical facility in Tucson. The property is located at 7140 E. Rosewood St, west of Kolb Rd a...
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• Alpha Wave Investors Buys 94-Unit Res Asset in Salt Lake City
7/25/18
A subsidiary of Alpha Wave Investors LLC has acquired Park Station Apartments, a 94-unit multifamily property in the Salt Lake City submarket of Midvale, UT. Constructed in 1974, Park Station Apartments is located at 7155 Hig...
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• CO Shopping Center Picked Up by Florida Buyer in $10.8 Mil Deal
7/25/18
Broadridge Shopping Center, a 75.8k sf shopping center in Littleton, CO, was acquired by Fort Lauderdale-based SunCap Opportunity Fund LLC for $10.85 mil ($143/sf). The property was sold by Transmark Co.
Broadridge Shopping ...
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• Retail Center in Downtown Prescott, AZ Changes Hands
7/24/18
Hannay Realty Advisors purchased Bashford Courts Atrium Mall, a 33k sf retail center in Prescott, AZ, for $4.95 mil ($150/sf). The property is located at 130 W. Gurley St in the city’s Downtown Historic Courthouse Square.
B...
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• AZ Black Rock Coffee Bar Building Sells for $1,200/sf
7/23/18
A 1.4k sf, stand-alone retail/restaurant building in Mesa, AZ that is fully occupied by Black Rock Coffee Bar sold for $1.7 mil, or $1,214/sf. The transaction represents the first sale of a Black Rock-occupied building since ...
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• Multi-Tenant Industrial Project in Nevada Sells for $5.4 Mil
7/23/18
Mary Crest Corporate Park, a 44.4k sf, multi-tenant industrial park in Henderson, NV, sold for $5.4 mil ($122/sf). The property, located at 1111 Mary Crest Rd, offers easy freeway access, as it is situated near the Interstate...
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• Office Property in Las Vegas’ Medical District Sells for $17 Mil
7/20/18
Charleston Tower, an 88.7k sf office property in Las Vegas, was sold in a recent transaction valued at $17 mil, or about $192/sf. The buyer was Casa Mia Inc.
Situated in the growing Las Vegas Medical District, the property c...
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• Out of State Investor Pays $600/sf for CO Multi-Tenant Retail Asset
7/19/18
A private investor from Florida paid $3.25 mil for a new construction, freestanding, multi-tenant retail building in Westminster, CO. The 5.4k sf ($602/sf), three-tenant building, located at 13591 Huron St, includes a Dunkin’...
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• NV Office Portfolio Trades for $52 Mil
7/19/18
San Francisco-based JMA Ventures has acquired a five-building office portfolio totaling 271.1k sf in Henderson, NV for $51.75 mil ($190/sf). The buildings are located at 2275, 2285 & 2370 Corporate Circle (Corporate Center II...
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• CBD Rents for Transit-Accessible Buildings Substantially Higher than for Car-Dependent Space
7/19/18
This study on mass transit’s influence on office markets in major metros was provided to us by real estate services firm Transwestern
The national average rent in transit-accessible office buildings was 65% higher than the a...
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• Cypress West Partners and MedProperties Holdings buy 50k sf Phoenix Office Asset
7/18/18
Cypress West Partners has acquired a 50k sf, Class A medical office building in Phoenix in a joint venture with MedProperties Holdings LLC, a national, healthcare-focused real estate private equity firm headquartered in Dalla...
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