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September 22, 2020
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• CBRE Global Investors Fund Buys Last Mile Facilities in Phoenix and Orlando
A fund sponsored by CBRE Global Investors has acquired two fully leased built-to-suit last-mile distribution facilities in Phoenix and Orlando. These acquisitions are part of a broader strategy of the fund to invest in target...
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• North American Development Group Spends $84 Mil on AZ Retail Center
North American Development Group has acquired Tucson Spectrum, a 716.7k sf, Class A, market-leading, grocery-anchored retail center situated in an infill location in Tucson, AZ. The property was sold by Retail Value Inc for $...
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• Vegas Office Building Trades for $3.85 Mil
A freestanding 37.7k sf office building in Las Vegas sold for $3.85 mil, or $102/sf. Located at 6425 W. Sahara Ave, the property was sold by Equity Partnership Property Management LLC. Built in 1995, the two-story, multi-ten...
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• Lincoln Property Company Breaks Ground on AZ Biz Campus Slated to Hold up to 4.5 msf at Full Build-Out
Lincoln Property Company has broken ground on the first building at Park303, a major industrial master-planned development that at build-out will accommodate up to 4.5 msf of ultra-modern, freeway-fronting Class A industrial ...
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• Phoenix Industrial Property Goes for $140/sf
A fully-leased, 82.7k sf industrial property in Phoenix traded hands for $11.55 mil, or $140/sf. The property is located at 5150 S. 48th St, a few blocks from I-10 and Hwys 60 and 143. The building was constructed as a build...
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• Arizona Multifamily Property Trades in $54 Mil Transaction
TruAmerica Acquisitions III LLC purchased Mission Springs Apartments, a 306-unit multifamily asset in Tempe, AZ, for $54.1 mil ($177k/unit). The 216.2k sf property is located at 1311 W. Baseline Rd, at the convergence of the ...
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• Industrial Development Breaks Ground Near Sky Harbor Airport in Phoenix
ViaWest Group has broken ground on Superior Logistics Center, a two-building, 150.7k sf industrial project just south of Sky Harbor Airport in Phoenix. The Class A development will cover a 9.17- acre land site at the northwes...
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• Tratt Properties LLC Breaks Ground on 1.3 msf AZ Spec Industrial Project
Phoenix-based Tratt Properties LLC has broken ground on a 1.3 msf, Class A industrial development sitting just south of the junction of Interstate 10 and the Loop 303, in a designated Opportunity Zone in Goodyear, AZ. Called ...
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• T3 Office Project in Denver Gets Underway
Work has begun on T3 RiNo, a six-story, 240k sf T3 (Timber, Transit and Technology) office building in Denver’s River North Art District (RiNo) that will be one of the most environmentally friendly and sustainable development...
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• Contour and Shopoff Realty Investments Buy 5.25 Acres on the Vegas Strip
A JV partnership between Contour and Shopoff Realty Investments has acquired an unentitled, 5.25-acre parcel of land situated on the Las Vegas strip on behalf of a JV partnership between Contour and Shopoff Realty Investments...
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• Las Vegas Res Property Trades for $52 Mil
Inspirado Apartments, a 252-unit multifamily asset in Las Vegas, was purchased by NNC Apartment Ventures LLC in a transaction valued at $52.2 mil, or $207k/unit. The 247k sf property, located at 6885 W. Lone Mountain Rd, was ...
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• Cushman & Wakefield Acquires Colvill Office Properties in Houston
February 21, 2020 Cushman & Wakefield Acquires Colvill Office Properties in Houston Leading office leasing firm boosts C&W's presence in the region Cushman & Wakefield has acquired Colvill Office Properties, a leading provi...
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• PRP-Led Venture Pays $145 Mil for TX Office Complex
PRP, in a venture with Kuwait Finance House Capital and GMF Capital, recently acquired the 3M Office and Lab Campus, a 335.8k sf, two-building complex located in the Northeast submarket of Austin, TX. The properties were sold...
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• $38 Mil Construction Loan Set for Houston Multifamily Development
Hunington Properties has obtained a $38 mil construction loan for the development of a 126.5k sf, mixed-use multifamily project. The six-story apartment building, located on 1.38 acres at 1107 Shepherd Dr in the Montrose/Rive...
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• PCCP LLC and Kairoi Residential Acquire 326-Unit TX Res Asset
A joint venture between PCCP LLC and Kairoi Residential has acquired Boulevard at Sonterra, a 326-unit garden-style multifamily property located at 210 E Sonterra Blvd in the Stone Oak submarket of San Antonio, TX. The buyer ...
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• KKR Spends $5.6 Mil on Phoenix Industrial Asset
NY-based KKR bought a vacant 82.3k sf industrial building in Southwest Phoenix for $5.6 mil ($68/sf). The facility, located at 46 N. 49th Ave, immediately south of 49th Ave and Van Buren St, was sold by LMI Solutions. The fr...
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• Historic Building in Downtown Salt Lake City Sees Significant Leasing Activity
There has been 50k sf of new leases signed at the Salt Lake Hardware Building in downtown Salt Lake City, UT. The transactions include a new 22.9k sf lease by a medical device company, a new 5.7k sf lease by a local tech comp...
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• Harsch Investment Properties Completes New 168k sf Industrial Facility in North Las Vegas
Harsch Investment Properties has completed development of Speedway Commerce Center IV, a 168k sf industrial / warehouse facility in North Las Vegas. The project, located at 6101 North Hollywood Blvd, adds to the existing 2.65...
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• AZ Retail Property Trades in $17.8 Mil Transaction
Phoenix-based First American Exchange Company purchased Rancho Santa Fe Center, a 74k sf, suburban medical/dental office complex in Avondale, AZ for $17.8 mil ($240/sf). The property was sold by an entity formed by Holualoa C...
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• Bascom Group Entity Picks Up 37-Unit AZ Res Asset
Bascom Arizona Ventures has purchased Dolce Villaggio Townhomes, a 37-unit property located in downtown Tempe, AZ, for $11.5 mil ($310.8k/unit). The property is located at 202 S. Hardy Dr, within downtown Tempe’s Urban Core M...
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