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• CapRidge Partners Completes $40 Mil AZ Office Buy
9/12/18
CapRidge Partners, out of Austin, TX, has purchased Scottsdale Forum, a 213.5k sf office property in Scottsdale, AZ, for $40.75 mil, or $191/sf. Located at 6263 N. Scottsdale Rd, the property was sold by New York-based Clario...
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• The Bascom Group Closes 424-Unit TX Multifamily Buy
9/10/18
The Bascom Group LLC has acquired Jefferson Stonebriar, a newly built 424-unit Class A multifamily community located in Frisco, TX. The asset was sold by the property developer, JPI.
The property consists of three residenti...
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• AZ Industrial Facility Acquired in $7.5 Mil Deal
9/07/18
Scottsdale-based G2 Capital purchased a 130.3k sf warehouse/manufacturing building in Tempe, AZ for $7.5 mil ($57.50/sf). The property, located at 550 W. Southern Ave, was sold by Southern Paramount LLC, an investment group b...
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• Investors Trade AZ Retail Center in $14.7 Mil Transaction
9/06/18
A San Diego-based private investor paid $14.7 mil for Laguna Village, a 102k sf ($144/sf) neighborhood shopping center in Chandler, AZ. The property is located at 5965 West Ray Rd.
Laguna Village is 90% occupied and includes...
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• Western Centers Buys 107k sf CO Shopping Center
9/06/18
Western Centers Inc purchased The Market at Spring Creek, a 107.3k sf shopping center in Colorado Springs, CO. The property, located at 1530, 1650-1728, 1750 S. Circle Dr, was sold by Kimco Realty Corporation.
Located in a g...
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• Newmark Arranges $20 Mil on Six AZ Multifamily Properties
9/06/18
Newmark has secured $20 mil in financing for six separate multifamily properties, five of which are located in Phoenix, AZ. Newmark’s Adam Parker and Chad Metzger arranged the financings, which were funded through various reg...
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• Local Investor Buys 48k sf Utah Shopping Center
9/05/18
Canyon Center, a 47.9k sf shopping center shadow-anchored by Smith’s Grocery in Sandy, UT, which is located in the southeast Salt Lake City metro area, was acquired by an unnamed local investor. The price was not disclosed.
...
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• Commercial Real Estate Financing Briefs
9/04/18
NEWMARK -- Patrick Barkley and Chad Metzger with Newmark® have arranged $18.7 mil in long-term, non-recourse financing for ground floor retail at The Village at Mammoth, located in Mammoth Lakes, CA. Built in 1999, the subjec...
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• Dornin Investment Group Sells Third and Final Asset in Las Vegas Office Portfolio Acquired in 2014
8/31/18
Dornin Investment Group (“DIG”) sold its Marnell Corporate Center 3 (“MCC3”) office asset in Las Vegas to a new investor group managed by DIG. This was the third and final disposition of the portfolio, purchased in early 2014...
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• American Realty Advisors Purchases 439-Unit Mixed-Use Property in Austin, TX
8/31/18
American Realty Advisors closed on an institutional-quality res buy in Texas, acquiring Northshore, a 38-story, luxury, mixed-use tower in the epicenter of Austin. The property features 439 residential units, and 52k sf of re...
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• Sterling Organization Buys Grocery-Anchored Center in Phoenix
8/31/18
Sterling Organization has acquired Union Plaza, a grocery-anchored shopping center in Phoenix for $15.2 mil ($154/sf) in an off-market transaction. The property, located at the intersection of W. Union Hills Dr and N. 19th Av...
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• AZ Industrial Facility Sells for $48.5 Mil
8/29/18
CBRE Global Investors Acquisitions LLC closed on a newsworthy acquisition in Arizona, paying $48.5 mil for Southwest Industrial Center, a 684.4k sf ($71/sf) industrial facility in Phoenix. The property is located at 7775 West...
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• Moonwater Capital Pays $22 Mil for Las Vegas Office Asset
8/28/18
Town Square North, an office asset in Las Vegas consisting of 131k sf of Class A, grey-shell space, was acquired by Moonwater Capital for $22.06 mil ($168/sf) in a recent transaction. The asset, located at 6543 and 6551 Las V...
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• P.F. Chang’s China Bistro Leases 54k sf Corp HQ Space in Scottsdale
8/27/18
P.F. Chang’s China Bistro Inc, the Asian casual dining restaurant chain, signed a lease for 53.6k sf of space at Perimeter Parkview Corporate Center in Scottsdale, AZ. The restaurant will use the space, located at 8377 E. Har...
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• Artis REIT Buys 277k sf Stapley Center
8/24/18
Artis REIT, a Canada-based real estate investment trust, purchased Stapley Center, a three-building, 277.3k sf Class A office campus located in the heart of Mesa, AZ. The asset was sold by Invesco Real Estate, a global real e...
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• The Luzzatto Company Buys 445k sf TX Office Park
8/24/18
An affiliate of The Luzzatto Company Inc (TLC) acquired Austin Oaks, a 12-building, 445.3k sf office park in Central Austin, TX. The property was sold by Spire Realty Group LP.
Situated on 31.4 acres along MoPac (Loop 1), A...
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• Investor Pays $438/sf for TX Walgreens
8/22/18
A 14.6k sf, freestanding Walgreens drugstore in the northwest Austin, TX suburb of Bee Cave sold for $6.4 mil ($438/sf). The asset was acquired by a 1031 exchange investor in a deal that closed at a 5.38% cap rate.
The prope...
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• AZ Office Asset Trades in $15.6 Mil Transaction
8/21/18
Mesa Corporate Center, a 106.2k sf office property in Mesa, AZ, was purchased by Buster's Bounce Texas LLC, out of Escondido, for $15.625 mil ($147/sf). The property, located at 1001 W. Southern Ave, was sold by Newport Beach...
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• Phoenix Office Campus Changes Hands in $21 Mil Deal
8/16/18
Libitzky Property Companies, based out of Emeryville, CA, purchased Corridors Phoenix, a 164.4k sf office campus in Phoenix, for $21.2 mil ($129/sf). The property, located at 1925, 2001, 2075 and 2095 W. Pinnacle Peak Rd, wa...
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• Commercial Real Estate Financing Briefs
8/15/18
JLL CAPITAL MARKETS -- Zane Sweet, Chris Casey, and Reid McGlamery with JLL Capital Markets arranged a $48 mil financing package through global investment manager Man Group to recapitalize a portfolio of approximately 300 sin...
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