| Tower 16 Capital Partners and Henley Investments Pay $32.5 Mil for Vegas Multifamily Asset
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley Investments, has acquired Five89 Apartments, a 312-unit multifamily project in Las Vegas, for $32.5 mil ($104k/unit). The property was acquired on an o...
| Pollack Shores Real Estate Group Buys Dallas Development Site
Atlanta-based Pollack Shores Real Estate Group acquired a 2.5-acre tract of land in Dallas for development of a multifamily community. The site, located at 4302 Ross Ave, at the corner of Peak St, was sold by Safebuy Properti...
| CO 24 Hour Fitness Property Trades for $22.75 Mil
A 45.5k sf 24 Hour Fitness located in Highlands Ranch, CO sold for $22.75 mil, which equates to $500 per square foot. The property is located at 6830 E County Line Rd, west of I-25 and just north of Hwy 470.
Built in 2010 on...
| 123k sf Fort Worth, TX Office Property Sells
A 122.8k sf office building in Fort Worth,TX was acquired by an owner/user in a recent transaction. The property, located at 550 Bailey Ave, was sold by the Diversified International Partners Fund.
The building was fully re...
| Rosewood Property Company Entity Buys 283-Unit AZ Res Property
Jefferson Chandler, a 283-unit Class A apartment community in the Phoenix metro area, was purchased by RPC Chandler Apartments LLC, an entity formed by Dallas-based Rosewood Property Company. The property, located at 3950 W. ...
| California Investor Acquires 270k sf Des Moines, IA Retail Center
Water Tower Place, a 270k sf retail center in Des Moines, Iowa, was acquired by a California-based family investment entity. The sale did not include a Home Depot within the center that is over 100k sf in size and is separate...
| 232-Unit TX Multifamily Asset Trades Hands
A CA-based investor has acquired Las Lomas Apartments, a 232-unit, multifamily property located in El Paso, TX. It was sold by a Chicago-based investment company.
Las Lomas Apartments is comprised of attractive two- and thre...
| TX Office Campus Property that Serves as American Airlines World HQ Hits the Market
We’ve learned of a large office asset in Texas that has just hit the market - the three-building, 1.39 msf office campus that has served as the world headquarters for American Airlines Inc and American Airlines Federal Credit...
| Dallas Office Tower Gets Started with $108 Mil in Construction Money
A 12-story, 297k sf Class A office tower development in the Knox Henderson area of Dallas has gotten underway thanks to a $108.4 mil senior construction loan provided by PCCP LLC. The project, Weir’s Plaza, is being developed...
| $17 Mil Buys Phoenix Office Building
Arcadia Gateway Center, a four-story, 90.2k sf Class A multi-tenant office building in Phoenix, sold for $17.25 mil ($191/sf). The property is located at 4222 E. Thomas Rd, east of Hwy 51 and north of Hwy 202.
| Community Preservation Partners Rehabilitates Two Affordable Housing Projects Totaling 98 Units in Ogden, UT
Community Preservation Partners (CPP) has completed a $14.3 mil rehabilitation of two affordable living communities in Ogden, UT. The work covered 98 multifamily units at the 58-unit Normandie Apartments and the 40-unit Osmon...
| Work Started on 167k sf Warehouse Facility in Las Vegas
Harsch Investment Properties has started development of a 167.4k sf building located at 6101 North Hollywood Blvd, within Speedway Commerce Center IV, adding to the existing 2.65 msf Speedway Commerce Center in North Las Vega...
| AZ Office Complex Acquired by Bow River Capital Partners in $28 Mil Deal
Denver-based Bow River Capital Partners closed on an AZ office buy, paying $27.95 mil for Valley Commerce Center, a 217.4k sf ($129/sf), multi-tenant property in Phoenix. The complex, located at 4745 and 4747 N. 7th St, was ...
| Commercial Real Estate Financing Briefs
SONNENBLICK-EICHNER COMPANY - Sonnenblick-Eichner Company arranged $29 mil in construction financing for the Cambria Hotel Calabasas, a 125-room, select-service hotel to be located on Las Virgenes Rd, just one block south of ...
| Vegas Multifamily Portfolio Trades in $137 Mil Deal
A three-community, 1,194-unit multifamily portfolio in Las Vegas traded hands in a $137.5 mil ($115.2k/unit) transaction. The assets were sold by Continental Realty Advisors Ltd (CRA) and San Francisco-based real estate inves...
| ViaWest Group Buys Industrial Portfolio in Phoenix’ Sky Harbor Submarket
ViaWest Group closed on the acquisition of an industrial portfolio comprised of both vacant, developable land and two existing buildings in the Phoenix Sky Harbor submarket. Ultimately, the combined projects will have over 65...
| AZ Res Property Trades for $30 Mil
Ridge View, a 150-unit luxury apartment community in Fountain Hills, AZ, was acquired by an entity formed by San Francisco-based FPA Multifamily LLC for $30.3 mil, or $202k/unit. The property was sold by San Francisco-based 2...
| Gindi Capital Pays $172 Mil for 9.5-Acre Site on the Las Vegas Strip
Gindi Capital has acquired a 9.5-acre property on the Las Vegas Strip for $172 mil. The site, is located at 3743-3759 Las Vegas Blvd, was sold by FX Luxury Las Vegas, an affiliate of Spectrum Group Management.
| Southwestern Property Corp Buys Former JC Penney in Phoenix
The property is located at 9617 N. Metro Pkwy just west of I-17 at Peoria Ave. Southwestern Property Corp plans to redevelop the site into a high-end self-storage and boat/RV storage facility, or entertainment uses.
| Park City, Utah Resort Set to Break Ground after Securing $165 Mil in Financing
Mosaic Real Estate Credit has provided Columbus Pacific with $165 mil in construction financing for Pendry Park City, a resort project in the Canyons Village area of Park City, Utah. Mosaic’s financing consists of a three-yea...