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July 12, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Seefried Industrial Properties Starts Work on 220k sf Industrial Project in North Houston
12/09/19
Seefried Industrial Properties, as development partner for USAA Real Estate, has broken ground on Ella West Crossing inside Pinto Business Park, a Class A, master-planned industrial park in North Houston. Located at the nor...
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• Pathfinder Partners Completes Remodels on Two Colorado Apartment Communities
12/04/19
Pathfinder Partners has completed a comprehensive, $2 mil remodel of two adjacent apartment communities – Henley and Remy – at 635 Mohawk Dr and 565 Mohawk Dr in Boulder, CO. Situated on 3.9 acres, the communities are joined ...
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• Phoenix Office Building Sells for $4.95 Mil
12/03/19
Willmeng, a 17.2k sf office property located in Phoenix, traded in a recent $4.95 mil ($288/sf) transaction. Built in 2009, Willmeng is located at 2048 N. 44th St, north of the Red Mountain Fwy near the terminus of Hohokam E...
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• CapRock Partners Buys 95k sf Vegas Biz Park from MCA Realty
12/03/19
CapRock Partners LLC acquired Walnut Business Park, a two-building, 94.8k sf multi-tenant industrial business park in north Las Vegas, for $7.85 mil, or $83/sf. The property is located at 3020-3060 N. Walnut, just east of Las...
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• Cannon Commerical Closes on 214k sf Vegas Retail Buy
12/02/19
Cannon Commercial, based in Southern California, has acquired the majority of Westland Fair, a shopping center in West Las Vegas, NV. The purchase, Cannon’s second acquisition in the Las Vegas market in the past 24 months, co...
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• Investor Pays Over $20 Mil for AZ Office / Medical Campus
11/27/19
The Forum at Gilbert Ranch, a 92.5k sf, Class A office and medical campus in Gilbert, AZ, traded hands in a $20.5 mil ($222/sf) transaction. Forum at Gilbert LLC, a private Midwestern buyer, acquired the property from Denver-...
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• Clark County, Nevada Collects $63 Mil from Disposition of 11 Surplus Land Parcels
11/26/19
Clark County, Nevada sold 11 surplus land parcels in recent transactions that totaled $63 mil. The disposition of the parcels will provide Clark County with significant sale proceeds in addition to promoting private developme...
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• New Mixed-Use Community in Salt Lake City Breaks Ground
11/20/19
Lowe Property Group has broken ground on Dixon Place, a 59-unit, Class A development in the heart of Salt Lake City’s Sugar House neighborhood. The six-story, mixed-use community, designed by MVE + Partners, will feature a ra...
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• Continental Realty Group Spends $50 Mil on Two Vegas Area Res Properties
11/20/19
Continental Realty Group, through its subsidiary Continental Realty Assets Ltd (CRA), a Denver-based multi-family operator, has completed the acquisition of 240-unit Laurel Park Apartments and 168-unit Villa Del Rio Apartment...
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• Wilshire Capital Partners Acquires AZ Office Property in $54 Mil Deal
11/19/19
Wilshire Capital Partners closed on an AZ office buy, paying $54.5 mil for 3900 Camelback Center — a 177.5k sf ($307/sf), Class A building in the Camelback Corridor—one of the most prestigious and sought-after office submarke...
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• Compass Acquisition Partners Spends $66 Mil on 488-Unit Asset in Las Vegas
11/19/19
Compass Acquisition Partners has acquired Sandpiper Apartments, a 488-unit multifamily community in Las Vegas, from Apple Management for $66 mil ($135.2k/unit) in an off-market transaction. Sandpiper, located at 4650 W Oakey,...
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• Investors Trade AZ Shopping Center for $194/sf
11/19/19
Lakeview Village at Morrison Ranch, a 93.7k sf, Bashas’ grocery-anchored shopping center in Gilbert, AZ, traded for $18.2 mil ($194/sf). The center, located at the southeast corner of Higley Rd and Elliot Rd, was purchased by...
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• Reno Industrial Portfolio Sold in $50 Mil Transaction
11/18/19
Seagate Properties Inc has purchased a 584.9k sf, seven-building, industrial/warehouse portfolio in a prime Reno/Sparks location, for $50 mil ($85.50/sf). The acquisition was made in a partnership with in partnership with RGA...
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• ViaWest Group Picks Up 26 Acres in Arizona for Industrial Development
11/18/19
ViaWest Group recently purchased a 25.91- acre parcel in Goodyear, AZ for $4.55 mil. The property, located at the southwest corner of Elwood St and Sarival Ave, was acquired in a joint venture with a Philadelphia-based invest...
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• Beverly Hills Buyer Spends $12 Mil on Phoenix Office Asset
11/15/19
GMK Assets Corporation of Beverly Hills paid $11.95 mil for Pueblo Nuevo, a garden-style, 95.8k sf ($125/sf) multi-tenant office complex in Phoenix. The property is located at 301 E. Bethany Home Rd. Pueblo Nuevo features at...
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• AZ Retail Center Sells for $220/sf
11/14/19
Mountain Vista Plaza, a 64.1k sf retail center in Surprise, AZ, sold for $14.125 mil, or $220/sf. The property is located at the southwest corner of Bell and Reems Rd in Surprise. Built in 2006, Mountain Vista Plaza is ancho...
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• Recently Constructed AZ Industrial Building Sells
11/14/19
Westech Business Center, a 122.5k sf industrial building on 9.02 acres in Chandler, AZ, was purchased by Bullfrog LLC. The purchase price was not disclosed. The facility was developed and sold by a joint venture between Pet...
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• Nevada Office Asset Trades for $321/sf
11/13/19
A 60.5k sf, office building in Henderson, NV has sold for $19.45 mil ($321/sf). The building is located at 2200 Paseo Verde, south of I-215 and west of Green Valley Pkwy. The three-story, Class A office building is located a...
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• Lowe Adds 366k sf Office Tower to Its Denver Portfolio
11/13/19
Lowe has acquired Stanford Place II, a 366.2k sf Class A office tower in Southeast Denver. Built in 1982, the 18-story building is located at 7979 E. Tufts, in the Denver Tech Center. 7979 E. Tufts offers 21k sf floorplates,...
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• Dixxon Flannel Co Buys Showroom/Warehouse Facility in Tempe
11/08/19
Dixxon Flannel Co spent $4.5 mil on a 48k sf ($94/sf) retail warehouse/showroom property in Tempe, AZ. Dixxon, an apparel company, is relocating and expanding from a smaller property, also in Tempe. The two-story property si...
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