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Phoenix Medical Office Campus Trades 11/14/23 Paradise Valley Professional Campus, a nine-building, 56.3k sf medical office campus in Phoenix, traded hands. The property, located at 16620 North 40th St, features nine standalone one-story medical offices on 5.62 acres.
...
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Whole Foods Signs Deal for New 137k sf Distribution Facility in Colorado 11/13/23 Whole Foods Market has inked a build-to-suit deal for a 137k sf distribution facility at HighPoint Elevated, a Class A industrial park currently under construction near Denver International Airport in Aurora, CO. The industr...
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Hines and MBK Rental Living Get Started on Luxury Res Community in Colorado Springs, CO 11/10/23 Hines and MBK Rental Living plan to develop a Class A, for-rent residential community in the Briargate neighborhood of Colorado Springs, CO. The project, Retreat at Mountainside, will be comprised of 284 residences across mul...
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I-40 TradePort Corridor Awarded $974k to Develop Network of Clean Energy Logistics Hubs on the West Coast 11/10/23 The U.S. Department of Transportation has awarded $974k to the I-40 TradePort Corridor, an 805-mile, multi-state coalition to develop a network of clean energy logistics hubs as an integral part of the nation’s supply chain s...
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Demolition of The Yardstick Site Presents Prime Redevelopment Opportunity in Downtown Salt Lake City 11/09/23 Demolition has begun at The Yardstick property in downtown Salt Lake City, UT. The site, covering 0.6 acres at 50-52 East 300 South, in the heart of the city’s central business district, is being offered as a new 60-year grou...
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Crosse Partners Spends $10.9 Mil on Colorado Industrial Park 11/08/23 Crosse Partners purchased Moncrieff Business Center, a 101.4k sf warehouse distribution center in Aurora, CO for $10.9 mil, or $107/sf. The asset was sold by an affiliate of Zurich Alternative Asset Management.
Located at 14...
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MG Properties Wraps up $95 Mil Denver Multifamily Buy 11/06/23 MG Properties recently acquired 4400 Syracuse Apartments, a newly built, 316-unit luxury midrise community located in one of Denver’s most desirable, dynamic, and growing submarkets, in a $95 mil ($300k/unit) transaction.
Th...
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CentrePoint Properties Buys 99k sf CO Biz Park 11/03/23 CentrePoint Properties, a Denver-based commercial real estate investment firm, paid $16.65 mil for two industrial parks totaling 98.6k sf ($169/sf) across four buildings in Longmont, CO.
The properties are located at 1501-15...
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2.2 msf Texas Mixed-Use Campus Trades Hands 11/02/23 CityLine, a 2.2 msf mixed-use property comprised of four purpose-built office buildings in Richardson, TX, traded hands. The property, occupied by State Farm, includes 120k sf of retail space and a 42k sf medical office build...
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Parklane Development Group and Miramar Industrial Partners Complete Work on 1.2 msf AZ Logistics Project 10/31/23 Parklane Development Group and Miramar Industrial Partners have completed work on Southern Industrial Center, an award-winning, 1.2 msf, speculative Class A industrial project located at the southeast corner of Southern Ave a...
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Phoenix Industrial Asset Lands New Owner in $7.2 Mil Trade 10/31/23 A 28.5k sf industrial complex in Phoenix was acquired by The Sacket Family Trust for $7.2 mil ($253/sf) in a recent transaction. The property was sold by Stos Partners, who acquired the asset in March 2022 for $4.5 mil.
The ...
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Dominium Finishes One Phoenix Housing Project While Breaking Ground on Two Others 10/30/23 Dominium has been busy with three housing projects in Phoenix. The firm held a grand opening of 308 units of affordable housing for working families in South Phoenix on October 24 and broke ground on 657 units of both family ...
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Milhaus and Banyan Residential to Build 320-Unit Phoenix Multifamily Project 10/30/23 Milhaus and Banyan Residential are set to move forward with a new 320-unit residential development in Phoenix. The project, Alanna, will be built with design-assist construction services from McShane Construction Company.
Lo...
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Scottsdale Office Campus Being Redeveloped into a Destination Workplace 10/30/23 Vero Capital is re-branding and redeveloping Kierland I & II, a two-building office campus totaling 410k sf in Scottsdale. The construction work is planned for completion in third quarter 2024.
Reimagined as Inisio at Kierla...
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ViaWest Group Breaks Ground on Final Phase of AZ Industrial Development 10/27/23 ViaWest Group has broken ground on the final phase of the firm’s Goodyear Crossing Industrial Park, a Class A industrial development located at the southwest corner of Sarival Ave and West Elwood St, just southwest of Phoenix...
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Fox Factory Leases 112k sf AZ Industrial Property 10/27/23 Fox Factory Inc signed a lease for a 112k sf industrial building in the northwest Phoenix, AZ submarket of Deer Valley. The deal has a total consideration of more than $12 mil – said to be one of the largest lease deals in th...
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Caspian Investments Buys 280k sf Utah Industrial Facility 10/26/23 In a Utah industrial buy, Caspian Investments LLC purchased a 280.8k sf, Class A distribution center in Spanish Fork. The building is fully occupied by Young Living Essential Oils.
The facility is located at 3065 N. 200 E. a...
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California Investor Picks Up Majority of AZ Multi-Tenant Biz Campus 10/26/23 The majority of Arrowhead Ranch Business Park, a six-building, 18-unit flex/industrial campus in Peoria, AZ, was purchased for $12.68 mil by a California-based private buyer in a 1031 exchange. The transaction consisted of 11...
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Sperry Equities Buys 95k sf Retail Center in Phoenix 10/25/23 Sperry Equities LLC acquired North Mountain Village, a 94.5k sf retail center in North Phoenix for an undisclosed price. At the time of sale, the property had an 86% occupancy rate consisting of national and regional tenants,...
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Community Preservation Partners and The Hampstead Companies Pick Up 112-Unit Multifamily Property in Layton, UT 10/25/23 CPP (Community Preservation Partners), in a venture with The Hampstead Companies, purchased Skyline View Apartments, a 112-unit multifamily property in Layton, UT. Skyline View Apartments is comprised of eight two-story...
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