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• G2 Capital Makes $11 Mil Phoenix Office Buy
11/02/18
G2 Capital closed on a two-building, 136k sf office buy in Phoenix for $10.9 mil ($80/sf). The buildings, located at 3925 – 3945 E. Broadway Rd, were sold by Glasir Capital Partners just 30 days after they purchased the prope...
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• The Krausz Companies Spends $59 Mil on 400k sf Retail Asset in Las Vegas
11/01/18
The majority, 393.9k sf, portion of Tropicana Beltway Shopping Center, was purchased for $59 mil by affiliates of The Krausz Companies, a privately held Investment, Development and Management Company, headquartered in San Fra...
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• Phoenix Industrial Market Sees Strong Absorption Through First Three Quarters of 2018
10/29/18
Metro Phoenix absorbed more than 5.4 msf of industrial space during the first three quarters of 2018. According to the Q3 2018 Phoenix Industrial Insight report from the Phoenix office of JLL, the market can expect another 1....
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• Simplified Properties Buys 17k sf AZ Retail Asset
10/26/18
Parkway Village, a 16.6k sf shopping center in Goodyear, AZ, was purchased for $2 mil ($120/sf) by Simplified Properties, a NNN leased investment group. The property is located at 15605, and 15633 West Roosevelt St.
This was...
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• Capstone Advisors Spends $6.6 Mil on AZ Industrial Asset
10/25/18
Capstone Advisors paid $6.64 mil for First Rose Garden Commerce Center, two multi-tenant industrial buildings totaling 73.3k sf ($91/sf) in Phoenix.
First Rose Garden Commerce Center is located at 21002 N. 19th Ave and 1950 ...
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• Self-Storage Portfolio in Los Angeles and Houston Trades Hands
10/24/18
A well-capitalized, national owner/operator has purchased the Self Storage 1 portfolio encompassing two trophy self storage properties in Los Angeles and Houston. Totaling more than 158k sf, the assets are purpose built, inst...
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• Scottsdale Medical Office Building Goes for $200/sf
10/23/18
Dr. Remus Repta (Repta Properties LLC), a board-certified plastic surgeon, purchased Scottsdale Medical Building, a 16.9k sf medical office building in Scottsdale, for $3.4 mil ($201/sf). The property was sold by Phoenix-base...
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• Keter Plastic Leases 323k sf of AZ Industrial Space
10/22/18
Keter Plastic, a manufacturer and marketer of resin-based household and garden consumer products, signed two leases for a total of 323.4k sf at Fiesta Tech Center in the Greater Phoenix area.
Keter Plastics leased 1300 N. Fi...
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• AZ Industrial Property Trades for $16 Mil
10/18/18
Bay Capital LLC, out of Braintree, MA, closed on an AZ industrial buy, paying $16 mil for Iridium @ Price Road Corridor, a 69.8k sf ($229/sf) building in Chandler. The property was sold by Los Angeles-based Cohen Asset Manage...
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• Sterling Organization Pays over $15 Mil for 99k sf Shopping Center in Phoenix
10/12/18
Sterling Organization purchased Union Plaza, a 98.7k sf, grocery-anchored shopping center in Phoenix, for $15.2 mil ($154/sf). The acquisition was funded with a $9.1 mil loan.
Union Plaza, located at 18402 North 19th Ave, ha...
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• Tower 16 Capital Partners Buys 540-Unit Res Community in Vegas
10/11/18
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired Cornerstone Crossing Apartments, a 540-unit multifamily project in northwest Las Vegas, for $49.75 mil ($92k/unit). Tower 16 will ov...
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• Scottsdale Sport & Classic Motorcar LLC Buys Showroom Facility in Scottsdale
10/09/18
San Francisco-based Scottsdale Sport & Classic Motorcar LLC purchased a 14.2k sf, freestanding showroom building in Scottsdale, AZ, for $2.25 mil ($158/sf). The building is located at 7671 East Acoma Dr, within the Scottsdale...
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• Commercial Real Estate Financing Briefs
10/08/18
CBRE CAPITAL MARKETS - Mark McGovern, Scott Peterson and Brian Cruz with CBRE Capital Markets’ Debt & Structured Finance team have arranged a $23.9 mil loan through CapitalSource for the acquisition of Camelback Arboleda, a 2...
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• Phoenix Distribution Facility Sells for $98 Mil
10/05/18
Buckeye Logistics Center, a 1 msf distribution center in Phoenix, was acquired by an unnamed, international buyer for $98.3 mil. The property was sold by a partnership between The Koll Company and Seera Investment Bank B.S.C....
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• TruAmerica Multifamily Makes $77 Mil Investment in Two Las Vegas Apartment Communities
10/05/18
TruAmerica Multifamily has acquired two apartment communities totaling 504 units in Las Vegas for $77.2 mil ($153.2k/unit). With these latest acquisitions - Crossing at Green Valley and The Retreat - TruAmerica’s local portf...
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• Tucson Res Community Sells for $60/Unit
10/04/18
Mission Creek Apartments, a 200-unit, garden-style multifamily property in Tucson, AZ, sold for $12 mil, or $60k/unit. Built in 1987, Mission Creek Apartments is located at 1451 West Ajo Way, just west of I-19 at the confluen...
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• Colorado Resort to Make Capital Improvements after Securing $13.5 Mil in Financing
10/04/18
HFF arranged $13.5 mil in financing for The Sebastian – Vail, a full-service boutique hotel and private residence club located within Vail Village in Vail, CO. Proceeds of the loan will be used for additional capital improve...
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• Westland Real Estate Group Acquires Over 1,100 Res Units in Las Vegas
10/02/18
California-based Westland Real Estate Group has purchased a two-property multifamily portfolio totaling 1,129 units in Las Vegas for $60.3 mil ($53.4k/unit) transaction. The properties are Liberty Village Apartments, located ...
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• Master-Planned, Mixed-Use AZ Development to Move Forward with $105 Mil in Financing
9/28/18
George Smith Parters (GSP) has arranged $105.5 mil in financing for a portion of The Watermark Tempe, a master-planned, mixed-use ground-up development situated on Tempe Town Lake in Tempe, AZ. The property, located at 430 No...
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• AZ Multifamily Community Trades in $62 Mil Deal
9/27/18
The District at Mountain Vista, a 384-unit multifamily community in Mesa, AZ, was acquired by South 105th AZ Partners LLC, an entity formed by Atlanta-based Cortland Partners, in a $62 mil transaction. The asset ws sold by At...
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