| Net-Leased Retail Assets in Phoenix Popular with Investors
Two net-leased retail buildings in the Phoenix area sold in separate deals totaling $5.44 mil. Chris Hollenbeck with Cushman & Wakefield represented the sellers in both transactions.
In the larger deal, a freestanding, 6.6k ...
| New Lease Signings Bring TX Office Complex to 85% Leased
Three new tenants, Teknion Data, Informa and Abeam Consulting, have inked leases totaling over 50k sf of office space at Urban Towers, a Class AA office complex in Irving, TX. The deals have a combined value of more than $20 ...
| AZ Multifamily Asset Sells for $162k/Unit
Riverview Park, a 69-unit apartment community in Mesa, AZ, sold for $11.2 mil ($162.3k/unit). The property is located at 745 North Dobson Rd, south of Sloan Park, the Chicago Cubs spring training stadium, and Mesa Riverview.
| Next Wave Investors Closes $14.5 Mil Vegas Res Buy
In a recent multifamily buy in Las Vegas, Next Wave Investors LLC paid $14.5 mil for Villaggio Di Murano, an 88-unit ($164.8k/unit) multifamily apartment community. The SoCal-based multifamily investment group acquired the pr...
| TX Retail Property Trades for $437/sf
A 12k sf, two-tenant restaurant property in Colony, TX has traded in a $5.25 mil ($437/sf) transaction. The recently redeveloped property is situated on 2.13 acres at 5005 SH-121.
The property is fully occupied by Knockout S...
| Work Finished on Second Res Building at 9th & Colorado Project in Denver
Construction of Milo, an eight-story, 319-unit apartment community in Denver, has been completed. The building represents the second residential phase at 9th & Colorado, a 26-acre urban infill project being developed by CIM G...
| BKM Capital Partners Closes $425 Mil Industrial Portfolio Buy
BKM Capital Partners has acquired a portfolio containing 11 industrial properties located in Phoenix, Northern California, Southern California, and Portland, OR. The portfolio, totaling 2.67 msf of space, sold for $425.4 mil ...
| Bluerock Real Estate Buys 254-Unit AZ Res Property
In an institutional-quality AZ Res buy, Bluerock Real Estate purchased Avenue 25, a 254-unit multifamily property in Phoenix’ Deer Valley submarket. The property, located at 18250 N. 25th Avenue, was sold by Millburn & Compan...
| Fourth Class Office Building Completed at AZ Biz Park
Mark IV Capital has delivered its fourth Class A office building at Chandler Freeway Crossing. Dubbed 2625 at Chandler Freeway Crossing, the new structure features Class A, country-club-style amenities and direct freeway fron...
| PaulsCorp Purchases 464-Unit TX Res Community
Denver-based PaulsCorp LLC acquired The Morgan, a 464-unit multifamily community in Bedford, TX. The asset, located at 1611 Oak Creek Lane, was sold by Transwestern Investment Group (TIG®) and S2 Capital LLC.
TIG and S2 reno...
| JRK Property Holdings Acquires Marriott Hotel Portfolio in $65 Mil Deal
JRK Property Holdings has acquired a five-property Marriott hotel portfolio in Austin, TX from an affiliate of RLJ Lodging Trust. The acquisition marks the debut purchase originated by the firm’s inaugural $350 mil hospitalit...
| Clarion Partners Spends $117 Mil on Nevada Biz Park
In a major Nevada investment buy, Clarion Partners LLC purchased Lear Industrial Center, a four-building, business park totaling 1.4 msf in Reno. The Class A, multi-tenant asset was sold by Panattoni Development Company for $...
| Providence St. Joseph Health Collects $59 Mil from Initial Phase of Portfolio Sale
Providence St. Joseph Health (PSJH) has sold the first phase of a more than 344k sf, 10-property portfolio for roughly $59 mil. The 10 properties are located in the states of California, Washington, Oregon and Montana and ran...
| Arizona Multi-Tenant Office Building Awarded LEED Gold Certification
Hines’ Offices at Chandler Viridian, a six-story, 252.4k sf Class A office building in Chandler, AZ, has recently earned Gold certification from the U.S. Green Building Council’s LEED® Core and Shell rating system. The struct...
| Wood Investments Companies Inc Buys 300k sf of Retail Assets in Idaho
Wood Investments Companies Inc acquired two retail properties totaling roughly 300k sf on 3.17 acres in Twin Falls, Idaho. The two properties, Canyon Park East and Canyon Park West shopping centers, are 100%-leased, instituti...
| Equity Advantage Inc Acquires Phoenix Area Office Building in $11.5 Mil Deal
Equity Advantage Inc purchased Foothills Gateway Corporate Center, a 68.2k sf, upscale multi-tenant office building in Phoenix. The property, located at 4505 E. Chandler Blvd, in the prestigious Southeast Valley neighborhood ...
| Gelt Inc Spends $145 Mil on Denver Area Res Community
Los Angeles-based Gelt Inc has boosted its Denver area res portfolio with the acquisition of Kallisto at Bear Creek, a 472-unit residential community in Lakewood, CO, for $145.5 mil ($308k/unit). The property is located at 26...
| Keech Properties Buys 58k sf AZ Office Building
Keech Properties, out of Palo Alto, acquired a 58.1k sf office building in Glendale, AZ for $4.67 mil, or $80/sf. The property, located at 5800 W. Glenn Ave, was sold by the City of Glendale.
The building was 88% leased at t...
| Vegas Industrial Portfolio Purchased by Nicola Wealth Management
Nicola Wealth Management, an investment firm located in Vancouver, BC acquired a 276.4k sf industrial portfolio in Las Vegas from CapRock Partners and CenterSquare for an undisclosed amount.
The portfolio sale consisted of t...
| Douglas Allred Company Secures $185 Mil for Three-Building, 352k sf Project in Chandler, AZ
Douglas Allred Company has obtained a $185 mil loan for the recently completed Northrop Grumman Innovation Systems’ campus in Chandler, AZ. The development comprises a three-story, Class A, office building totaling 352.5k sf ...