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• SB Real Estate Partners Spends $56 Mil on Phoenix Area Multifamily Buy
9/08/22
SB Real Estate Partners has purchased Obsidian on Ocotillo Apartments, a 232-unit multifamily project in Glendale, AZ, for $56.4 mil, or $243k/unit. The property was sold by Tower 16 Capital Partners, who acquired the asset i...
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• Roers Companies to Develop 264-Unit Res Project in Salt Lake City
9/07/22
Roers Companies has obtained a $61.8 mil loan to finance the ground-up development of 375 West Whitney Avenue, a six-story, Class A, multifamily project comprising 264 units and located in Salt Lake City, UT. The loan was ori...
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• FlexHQ Spends $10.8 Mil on Denver Building
9/07/22
FlexHQ has paid $10.8 mil for a 76k sf ($142/sf) building in Denver to serve as the first Colorado outpost of its industrial co-working brand. The company acquires traditional warehouses and turns them into adaptable co-wareh...
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• Community Preservation Partners Acquires Multifamily Communities in CA, NM and AZ
9/06/22
Community Preservation Partners (CPP) has acquired three multifamily housing communities located in California, New Mexico and Arizona.
One of the properties is Park Villa apartments in El Cajon, CA. The property is compris...
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• Molto Properties Breaks Ground on 600k sf Logistics Project in Central Texas
9/02/22
Molto Properties broke ground on its first real estate development in Central Texas. Blue Springs Business Park is a state-of-the-art logistics center totaling 604k sf of distribution buildings located less than 1/2 mile from...
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• MG Properties Picks Up 289-Unit AZ Multifamily Asset
9/02/22
MG Properties has purchased 2150 Arizona Ave South Apartments, a 289-unit residential community in Chandler, AZ, for $107 mil ($370k/unit). MG has rebranded the property as 2150 Apartments.
The Chandler submarket of Phoenix ...
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• New 365k sf Colorado Life Sciences Development Set to Break Ground
9/01/22
PMB, in partnership with Montgomery Street Partners, is developing a new 365k sf life sciences project in Boulder County, CO named Coal Creek Innovation Park. Located in Downtown Superior, the innovation park will be the firs...
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• Data Center Real Estate Activity Continues to Grow
9/01/22
This summary of a just-released report from real estate services firm JLL was provided by Amber Schiada, Head of Americas Data Center Research at JLL
Emerging from the pandemic, it’s clear the world of work is adapting to th...
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• Activity Update from 1,700-Acre Utah Biz Campus
8/31/22
Here’s an activity update about Lakeview Business Park, a brand new, 1,700-acre state-of-the-art warehouse, manufacturing, office and commercial project in Grantsville, UT that is owned by The Romney Group. Situated on more t...
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• Nolan Bushnell to Keynote California MBA’s 2022 Western States CREF Conference Sep 7- 9 in Las Vegas
8/30/22
California MBA is holding its 2022 Western States CREF Conference on Sep 7 through Sep 9 at the Aria Resort & Casino in Las Vegas. This three-day conference is packed with highly valuable networking and educational opportunit...
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• BentallGreenOak Spends Over $109 Mil for AZ Distribution Facility
8/29/22
BentallGreenOak purchased a fully leased 730.8k sf Class A big-box distribution building on over 46 acres in Goodyear, AZ for $109.2 mil ($149/sf). Newly constructed in the first quarter of 2022, the property referred to as L...
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• Bio Huma Netics Buys 40k sf Building in Tempe, AZ
8/26/22
Bio Huma Netics Inc paid $10.5 mil for a 40.2k sf ($261/sf), freestanding warehouse building in Tempe, AZ. The building, situated on 3.3 acres at 3001 South Wilson St, was sold by Tempe-based Phoenix Plastics Products.
Built...
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• Sares Regis Group Closes on 386-Unit Multifamily Purchase in the Denver Area
8/24/22
Sares Regis Group has acquired Terracina Apartments, a 386-unit multifamily property in Broomfield, CO. The firm has obtained $139.9 mil in first mortgage money from Mesa West Capital for the acquisition and repositioning of ...
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• Kennedy Wilson Picks Up 260-Unit Multifamily Property in Albuquerque NM
8/24/22
Kennedy Wilson has acquired Cantata at the Trails, a 260-unit apartment community in Albuquerque, NM. Cantata at the Trails is the fifth addition to the company’s rapidly expanding Albuquerque property portfolio, which has gr...
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• Denver Storage Yard Property Generates $19 Mil Price
8/23/22
New York-based IG Logistics LLC and Meadow Partners have acquired a 26.7-acre industrial storage yard/trailer site in central Denver for $19 mil. Located at 409 West 66th Ave, the vacant property is zoned for outside storage ...
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• Multifamily Community in Surprise, AZ Sells for $85 Mil
8/23/22
Villas at Mountain Vista Ranch, a 256-unit, value-add multifamily community in the Phoenix suburb of Surprise, was sold in a deal worth $85 mil, or $332k/unit.
Built in 2003, Villas at Mountain Vista Ranch is a garden-style...
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• Phoenix Office Building Gets New Owner in $8.2 Mil Deal
8/23/22
A 46.6k sf, multi-tenant office building in Phoenix sold for $8.2 mil ($176/sf). Located at 4545 E Shea Blvd, the two-story property is 90% leased to a synergistic mix of tenants.
Originally built in the mid-1980s and renov...
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• SecureSpace Self Storage Buys 11-Property Portfolio Totaling 6,550 Units
8/22/22
In a national self-storage buy, SecureSpace Self Storage acquired an 11-property, best-in-class self-storage portfolio totaling 6,550 units in three high-performing real estate markets: the San Francisco Bay Area; Portland, O...
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• Rockworth Companies and the Gasser Family to Start Construction on 336-Unit Multifamily Project in Meridien, ID
8/19/22
Construction of Village Apartments, a Class A, 336-unit apartment development in Meridien, ID, is expected to begin in the coming months with completion anticipated for fall 2024. The project, a development of a joint venture...
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• Avison Young to Acquire CRE Industry Service Lines from Madison Marquette
8/19/22
Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young bran...
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