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August 11, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• American Realty Advisors Affiliate Buys 300k sf Denver Office Property
6/30/11
In a big Denver office buy, an affiliate of a commingled fund managed by American Realty Advisors has acquired 1515 Wynkoop, an eight-story, 300k sf building in the heart of the city’s Lower Downtown (LoDo) neighborhood. Loca...
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• Westwood Financial Able to Afford a Lot of Happy Meals after Selling Off 28 Former McDonalds Corp Properties
6/30/11
Westwood Financial Corp has sold 28 former McDonald’s Corp-owned properties across the country. The assets are part of a 68-asset portfolio the company purchased in September 2010. The sold assets span 20 states and comprise ...
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• Boxer Properties Purchases 152k sf Phoenix Office Property
6/28/11
Houston-based Boxer Properties has purchased Lakeside Center, a 152.6k sf multi-tenant office park in Phoenix, for $5.44 mil ($36/sf). The property, which was roughly 50% leased at the time of the sale, is located at 11221-11...
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• Karlin Grabs a Pair of Arizona Retail Properties
6/28/11
Los Angeles-based Karlin Real Estate acquired a retail portfolio comprised of two Phoenix, AZ-area shopping centers following the firm's purchase of the non performing loans on the collateral, announced Managing Director Matt...
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• Johnson Capital Arranges Acquisition Financing for 40-Unit Colorado Property
6/24/11
Johnson Capital’s David Treadwell, out of the firm’s Denver office, has recently arranged a $1.145 mil debt placement for the acquisition of a 40-unit multifamily property in Brighton, CO. The borrower is a local investor who...
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• HFF Arranges $11 Mil on Nevada Multifamily Property
6/22/11
HFF has secured $10.92 mil in financing for The Waterford, a 240-unit multi-housing community in Sparks, Nevada. The complex is owned by a venture made up of Silverwing Development, AJU Investments and the Strand Group of Com...
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• Camelback Corridor Apartment Complex Commands $5.3 Mil
6/21/11
Highland Gardens, a 161-unit apartment complex at 4728 N. 15 th St. in Phoenix, AZ, has traded for $5.3 million ($32,919 per unit). The buyer is Highland Equity Partners LLC, a company formed by ARC Southwest Inc. in Tempe, H...
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• MIG Real Estate Acquires 18-Bldg, 100K SF Office Park in Las Vegas
6/17/11
MIG Real Estate, the Newport Beach, Calif.-based real estate investment company formerly known as Stoneridge Capital Partners, has acquired Pines Corporate Center, a 100k sf, 18-building office park in Las Vegas. Terms of the...
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• Trigild Named Receiver for an Additional 1 msf of Space
6/17/11
Trigild, a San Diego-based distressed real estate, loan recovery and real estate specialist, has added 11 commercial office and industrial properties nationwide to its portfolio of distressed commercial real estate. As the co...
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• Multifamily Sales Review
6/14/11
NEWHALL (Los Angeles County) -- A private investor paid $4.34 mil for The Californian, a 40 unit apartment property. The buyer was represented by Gregory Harris and Jeff Benson, investment specialists in Marcus & Millichap’s ...
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• MIG Completes 4th Vegas Buy Since Late Last Year
6/13/11
MIG Real Estate just closed on another Las Vegas buy, with the Newport Beach firm’s latest acquisition being Desert Inn Office Center, a 116k sf business park comprised of four multi-tenant office buildings. This is the firm’...
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• WA Investor Spends $76 Mil on 724-Unit Phoenix Apt Property
6/07/11
Trillium Pinnacle Peak, a 724-unit multifamily complex in Phoenix, traded hands in a recent transaction valued at $76 mil ($105k/unit). Built in 2008, the property is located at 24250 North 23rd Ave, east of I-17 and south of...
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• MIG Chasing Rainbows in Las Vegas
6/07/11
Rainbow Corporate Center, a 151.7k sf mixed-use center in Las Vegas, was acquired by Newport Beach-based MIG Real Estate in a recent investment deal. The property features two three-story office buildings totaling 147.1k sf ...
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• Johnson Capital’s Neal Churney Arranges $8.4 Mil on Five AZ Properties
6/06/11
Neal Churney, CCIM, a Senior Vice President in Johnson Capital’s Phoenix office, has arranged five different loans worth $8.4 mil on properties throughout Arizona. The individual properties and the note amounts are as follows...
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• Phoenix Investor Pays $4.4 Mil for Surprise, AZ Office/Retail Property
6/02/11
A Phoenix-based investor has purchased Bell Road Plaza and The Shops at Bell Road, an 81.9k sf mixed-use office/retail project in Surprise, Arizona for $4.415 mil ($54/sf). The acquisition consists of The Shops at Bell Road, ...
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• BH Properties Spends $10 Mil on Third AZ
6/02/11
BH Properties has acquired Biltmore on the Lake Apartments, a 420-unit garden-style apartment community in Phoenix. Located at 11050 North Biltmore Dr, within Phoenix’ Sunnyslope submarket, the property sold for $10 mil ($23....
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• Investor Pays Over $3 Mil for 177 Unfinished Res Lots in Phoenix Area
6/01/11
In an Arizona residential development sale, 177 partially finished lots located on 62.75 acres within the master-planned subdivision of Artesa in the Phoenix area, were purchased for $3.18 mil. The property is located just so...
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• Pair of AZ Apartment Sales Total Up to $10 Mil
5/26/11
Cedar Creek, a 144-unit apartment complex in Glendale, AZ, sold for $3.85 mil ($26.7k/unit). Constructed in 1984, the property is located at 5039 North 57th Ave. Cedar Creek features 48 one-bedroom and 96 two-bedroom units....
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• Banner Health Acquires 196k sf AZ Facility
5/24/11
Chandler Technology Center, a 196k sf warehouse/office facility in the city of Chandler, AZ, was acquired for $12.152 mil by Phoenix-based Banner Health. Located at 7300 W. Detroit St, north of Chandler Blvd and east of I-10,...
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• Pathfinder Finds its Way with Parker, CO Acquisition
5/23/11
San Diego-based Pathfinder Partners LLC has acquired 20 units in Hunter’s Chase, a condominium project in Parker, Colorado, a historic town 19 miles southeast of downtown Denver. Bringing a long-stalled property back on the ...
Price: $4.99
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