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• Continental Realty Advisors Collects Over $200 Mil from the Sales of Four Multifamily Communities
5/07/19
Four apartment properties containing in excess of 1,400 units have sold in separate transactions totaling over $200 mil. The properties, which were sold by Denver-based Continental Realty Advisors (CRA), span four different h...
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• Seefried Industrial Properties and Crow Holdings Capital Real Estate Buy 40 Acres in AZ for Development
5/06/19
Seefried Industrial Properties and Crow Holdings Capital Real Estate recently acquired 40 acres of land in Avondale, AZ. The site will be used for the development of 101 Logistics Park, a new two-building, Class A industrial ...
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• Investors Trade Two AZ Gas Stations for $5.5 Mil
5/02/19
Scottsdale-based Mesa Valley I acquired two AZ gas station properties for $5.55 mil. The purchases include an ARCO, located at 3610 E. Bell Road in Phoenix, and a Chevron, located at 825 E. Apache Blvd. in Tempe The assets we...
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• Consolidated Electrical Distributors Leases 51k sf in Phoenix
4/30/19
Consolidated Electrical Distributors (CED) has inked a 10-year lease for a 51.5k sf warehouse property in Phoenix. The property is located at 1717 E. Rairdan Lane, within the city’s Central City submarket.
The new tenant, on...
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• Residential Tower Project in Austin, TX Lands $88 Mil in Construction Funding
4/30/19
Austin-based Pearlstone Partners and Miami-based Newgard Development have secured an $87.9 mil loan for construction of 48 East Avenue, a 249-unit, 30-story condominium project being developed in Austin’s Rainey District. The...
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• Harsch Investment Properties Completes 724k sf of Industrial Buildings in North Las Vegas
4/29/19
Harsch Investment Properties has completed the development of two industrial buildings encompassing 723.7k sf at Speedway Commerce Center III in North Las Vegas. The buildings are located at 6255-6335 North Hollywood Blvd.
S...
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• PCCP LLC and Hopewell Development to Start 245k sf of Spec Industrial Buildings in Phoenix
4/29/19
PCCP LLC and Hopewell Development have formed a joint venture for the speculative development of three Class A industrial buildings totaling 245.4k sf in the Southwest Valley submarket of Phoenix, AZ. Two buildings (78.2k sf ...
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• Stanton Road Capital Buys 210k sf TX Office Building
4/29/19
In a TX office buy, Stanton Road Capital LLC acquired Campbell Glen II, a 210k sf, Class A building in the Richardson submarket of Dallas. The building is located at 1125 E. Campbell Road.
Currently vacant, and formerly leas...
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• Passco Companies Acquires 330-Unit TX Multifamily Asset
4/25/19
Passco Companies has acquired The Grayson, a 330-unit, Class A apartment community in the northern Houston submarket of Spring, TX. The price was not given out.
Constructed in 2016, The Grayson is located at 4115 Louetta Rd....
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• Premier Business Centers Rebrands to Premier Workspaces
4/25/19
Premier Business Centers®, one of the largest privately owned flexible workplace operators in the U.S. with a 17 year operating history and over 90 shared workspace locations, has rebranded as Premier Workspaces®. The new nam...
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• Local Buyer Pays $3 Mil for AZ Multi-Tenant Retail Building
4/25/19
Arrowhead Festival, a 12.6k sf retail property in Glendale, AZ, sold for $3.07 mil ($244/sf). The asset, located at the northeast corner of 73rd Ave and Bell Rd, was purchased by Phoenix-based LIMO Enterprises LLC.
The multi...
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• Renovations on 1 msf Arizona Center Completed
4/24/19
Parallel Capital Partners Inc has finalized construction on over $25 mil in renovations to Phoenix’s Arizona Center, a 1 msf, mixed-use development covering 16 acres in the city’s downtown. The complex is located at the inter...
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• TX Office High-Rise Project Receives Platinum Pre-Certification
4/23/19
Texas Tower, a 47-story, 1 msf office development in Houston, has received Platinum pre-certification under the U.S. Green Building Council’s LEED® v4 for Core & Shell (CS) Rating System. The project is a development of Hines...
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• Newly Constructed Medical Office Property in Sparks is Sold
4/22/19
A newly-developed, 10.4k sf medical office facility in Sparks, NV was acquired by a private buyer for an undisclosed sum. It was sold by Fort Worth-based Mitchell Asset Group Inc.
Located at 777 Vista Blvd, the property is f...
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• Conor Commercial Real Estate and Globe Corporation Acquire 19 Acres in Phoenix for Spec Industrial Project
4/22/19
Conor Commercial Real Estate and Globe Corporation have assembled 18.8 acres in Phoenix’ land-constrained Sky Harbor Airport submarket for a spec industrial development. The project, named Airport 40, is slated to start const...
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• Commercial Real Estate Financing Briefs
4/19/19
MARCUS & MILLICHAP CAPITAL CORP – Sharone Sabar with Marcus & Millichap Capital Corp has arranged $50.5 mil in capital to refinance two SoCal multifamily properties. The first transaction, in the amount of $27.5 mil, refinanc...
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• Vegas Office Asset Trades in $20 Mil Deal
4/18/19
A 59k sf, single-tenant office property in the Las Vegas area, sold for $19.9 mil, or $338/sf. The Class A office building is leased to an industry leading Fortune 10 company and features recent, comprehensive renovations – a...
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• Chicago-Based Investment Entity Spends $26 Mil on AZ Apartment Community
4/17/19
Tatum Investment Partners LLC, an entity formed by Chicago-based Rockwell Partners, paid $26.15 mil for Tatum Place, a 164-unit ($159.5k/unit), Class B apartment community in Scottsdale, AZ. The property is centrally located ...
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• Metro Phoenix Office Market Sees 1 msf of Absorption in the First Quarter of this Year
4/17/19
Metro Phoenix has absorbed more than 1 msf of office space since the first of the year – a quarterly high not seen in over 10 years, according to JLL’s Q1 Phoenix Office Market Report. This pace is already well ahead of 2018,...
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• Phoenix Office Asset Trades for $5.2 Mil
4/12/19
A fully leased, 32.7k sf multi-tenant office building in Phoenix has sold for $5.225 mil, or $160/sf. The property is located at 2730 W Agua Fria Fwy, in the rapidly growing Deer Valley/I-17 submarket.
The sellers, Pathfind...
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