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August 8, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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•  BlackRidge Closes Industrial Buys in Chino and Phoenix
8/31/11
BlackRidge Real Estate Group LLC recently acquired two industrial properties, one in Chino and another in Phoenix. The firm also announced that it has consolidated and expanded its operations and relocated its headquarters f...
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• CA Investor Spends $7.5 Mil on Mesa, AZ Apartment Property
8/29/11
In a recent AZ multifamily buy, an Investor paid $7.55 mil for Cimarron Apartments, a 210-unit ($36k/unit) complex in Mesa. Built in 1985, the property is located at 151 East 1st St. The garden-style community consists of 19...
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• ViaWest Properties and Southwest Value
8/25/11
The Crossroads of Tempe, a mixed-use commercial development at Kyrene and Elliot roads in Tempe, AZ, has been purchased for $4.055 mil by a joint venture between ViaWest Properties LLC, a Phoenix-based real estate investment ...
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• Voit Adds Close to 1 msf of New Asset and Property Management Contracts
8/16/11
Voit Real Estate Services has added 14 new properties, totaling 944.7k sf, to its portfolio of asset and property management assignments throughout the Western United States. Voit’s newest assignments, all won within the past...
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• Whitestone REIT Purchases Scottsdale AZ Retail Center from Westwood Financial
8/12/11
Whitestone REIT has acquired Terravita Marketplace, a 102.7k sf retail center in Scottsdale, AZ, for $16.1 mil ($157/sf). The property, located at 34402-34502 North Scottsdale Rd, was sold by Westwood Financial Corp. The 21-...
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• BH Properties Completes Sixth Apartment Buy in Less Than a Year
8/11/11
BH Properties purchased Casa Bella, a 410-unit apartment complex in Tucson, AZ, for $9.1 mil ($22.2k/unit). The purchase marks BH Properties’ sixth multifamily acquisition in less than a year. Located at 175 West Valencia Rd...
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• Phoenix Multifamily Complex Sells for Over $33 Mil
8/09/11
Broadstone Canyon Crossroads, a 280-unit Phoenix apartment community, traded hands in a recent investment deal valued at $33.325 mil ($119k/unit). Built in 2008, Broadstone Canyon Crossroads is located at 33600 North 27th Dr...
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• Florida Firm Spends $16 Mil on Its First CO Multifamily Buy
8/03/11
Advenir Inc closed its first Colorado multifamily buy, having paid $16.35 mil for Briarglen Apartments, a 220-unit ($74.3k/unit) apartment community in Colorado Springs. Advenir plans to move forward with a $1.1 mil capital i...
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• Northern Nevada Commercial Investment Real Estate Report – Q211
8/02/11
The following report was provided to RENTV by Floyd Rowley, CPA, CCIM who is Senior Vice President, Investments at Johnson Group in Reno, NV. Major Transactions this Quarter Overall activity this past quarter dropped $78 mi...
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• Vegas Class A Office Building Trades Hands
7/29/11
Ameriprise Financial Inc just purchased Sunset Pilot Plaza, a 100k sf Class A office property in Las Vegas. Located at 280 Pilot Rd, the property was sold by Newport Beach-based MIG Real Estate. Terms of the transaction were ...
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• Cornerstone Picks Up Phoenix Apartment Community
7/27/11
A real estate fund advised by Cornerstone Real Estate Advisors recently purchased Level at Sixteenth, a 240-unit apartment community located at 1550 East Campbell Ave in Phoenix, AZ. Completed in 2010, Level at Sixteenth is a...
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• Tempe Role Could Become Permanent for Pathfinder Partners
7/26/11
San Diego-based Pathfinder Partners is forging a new path for the company, in Arizona. The firm has completed two notable acquisitions in the state so far this month, marking a strong entrance into the region’s multifamily ma...
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• Carlisle Properties Purchases 35k sf CO Center from Westwood Financial
7/21/11
In the latest deal news from Westwood Financial Corp, the big retail owner/operator has sold Heritage Hills Shopping Center in Lone Tree, CO to Carlisle Properties for $11.4 mil. The 34.7k sf retail center is located at 9227-...
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• Weidner Investment Services Picks Up Two Phoenix Multifamily Properties
7/20/11
A two-property, 187-unit Phoenix multifamily portfolio has sold for $4.3 mil ($23k/unit). The properties, Silktree and Palmwood Terrace, are both located in the city’s Arcadia area. The 86-unit Silktree and 101-unit Palmwood...
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• LBG Realty Advisors and Blue Vista Sponsor Equity Fund Purchase Vegas Retail Center
7/19/11
A partnership of LBG Realty Advisors LLC and Blue Vista Sponsor Equity Fund II LLC has acquired Southwest Marketplace, a 118.3k sf shopping center in southwest Las Vegas. The property, located on South Rainbow Blvd at Windmil...
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• Majority of Retail Space at AZ Mixed-Use Project Sells for $110 Mil
7/14/11
San Diego-based Excel Trust has purchased the majority of the retail space at The Promenade in Scottsdale, for $110 mil. The Promenade is part of Scottsdale Promenade, one of the largest mixed-use developments in the Phoenix,...
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• MIG Real Estate Closes $20 Mil AZ Buy
7/08/11
OC-based MIG Real Estate just closed on a sizable Arizona acquisition, Scottsdale Centre, a 164k sf property located at 7373 B. Scottsdale Rd in Scottsdale. The asset, which was sold by Arden Realty, traded for $20.8 mil ($12...
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• Bascom Group and Koelbel and Company Obtain $167 Mil in New Financing on 1,500-Unit Denver Res Community
7/08/11
Here’s the scoop on a major Colorado financing transaction, as HFF arranged $167 mil in first trust deed and mezzanine financing for The Breakers Resort, a six-village, 1,523-unit, Class A multi-housing community in Denver. T...
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• Vegas Office Complex Sells for Just Over $9 Mil
7/01/11
Westcliff Plaza, a 134.9k sf mixed-use office development in Las Vegas, traded hands in a recent transaction valued at $9.2 mil, or $68/sf. Located at 201-401 North Buffalo Dr, less than one mile from Hwy 95, the property was...
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• NoCal Investors Spend $30 Mil on Phoenix Retail Center
6/30/11
A Los Altos-based real estate investment entity has purchased Tatum Point Shopping Center, a 173.5k sf Walmart-anchored shopping center in Phoenix, for $30 mil ($173/sf). We’re told that the transaction represents the highest...
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