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September 26, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• BlackRidge Real Estate Group Picks Up 140k sf AZ Industrial Facility
11/29/11
BlackRidge Real Estate Group LLC, a Newport Beach-based real estate investment and operating company, recently completed a $7.65 mil acquisition of Normal Junction Distribution Center, a two-building industrial property compr...
more » 

• Colorado Retail Center Offered for $28 Mil
11/22/11
Chapel Hills West, a 225k sf power center in Colorado Springs, CO, has been offered for sale. The property, which is anchored by Natural Grocers, Ross Dress For Less, PetSmart, Stein Mart, 24 Hour Fitness and Sports Authority...
Price: $4.99
Executive Subscriber Price: Free
more » 

• URS Center Wins Denver TOBY Award for Suburban Office Category Ranging from 100k sf to 250k sf
11/17/11
URS Center in Denver was the recipient of the prestigious TOBY® Award (The Outstanding Building of the Year), presented by the Building Owners and Managers Association of Metro Denver (BOMA) in the Suburban Office Category fo...
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• HFF Arranges $125 Mil Refi on Regional Mall in Reno
11/15/11
HFF has arranged a $125 mil refi for Meadowood Mall, an 877k sf regional mall in Reno, Nevada. Located at 5000 #1 Meadowood Mall Circle, off Hwy 395, Meadowood Mall is close to Reno International Airport, the Reno/Sparks Conv...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Vestar Takes Over Management of 400k sf Mixed-Use Center in Glendale, AZ
11/14/11
Phoenix-based Vestar Development Co has taken over as property manager for Westgate City Center, a 10-building, 400k sf mixed-use center in Glendale, AZ. Developed in 2006, Westgate City Center is situated on 34 acres located...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Western National Group and Nor’Wood Development Group Form CO Res Development Partnership
11/08/11
Western National Group’s (WNG) Western National Realty Fund II L.P. and Nor’Wood Development Group have formed a new joint venture relationship to develop three upscale highly amenitized multifamily projects in Colorado Sprin...
Price: $4.99
Executive Subscriber Price: Free
more » 

•  Honeywell Renews 252k sf of AZ Industrial Space
11/07/11
Fortune 100 firm Honeywell inked a long-term lease renewal for 252k sf of industrial space that keeps the company, and as many as 400 local jobs, at its current aerospace facility in Glendale, AZ. Honeywell has operated out o...
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• Vestar Closes $80 Mil Vegas-Area Retail Buy
11/01/11
A large, institutional-quality retail asset just traded hands in the Las Vegas area, as Vestar development paid $79.3 mil for The District at Green Valley Ranch, a 384.1k sf ($206/sf) landmark community retail center located ...
Price: $4.99
Executive Subscriber Price: Free
more » 

•  660-Unit AZ Apartment Community Hits the Market
11/01/11
We just learned of a major multifamily listing in Arizona to hit the market. The property, Haven, is a 660-unit apartment community in Tempe. Offered at a list price of $54.225 mil, the property will be sold free and clear of...
Price: $4.99
Executive Subscriber Price: Free
more » 

• HFF Arranges $26 Mil on 900-Unit Reno Multifamily Complex
10/31/11
In a big Nevada financing deal, HFF has arranged a $26 mil refi for Rosewood Park Apartments, a 900-unit multi-housing community in Reno. The complex is situated on 38.13 acres at 4500 Mira Loma Dr, near the Reno/Tahoe Intern...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Sierra Vista, AZ GSA Building Sells for Over $300/sf
10/27/11
A 23.5k sf General Services Administration (GSA) building in Sierra Vista, AZ was acquired by an unnamed New York-based real estate REIT that acquires single-tenant, freestanding properties throughout the U.S. The property tr...
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•  Westwood Financial Acquires 25k sf Tempe, AZ Center
10/25/11
National shopping center owner/operator Westwood Financial Corp (WFC) has purchased the 24.5k sf Crossroads of Tempe retail center in Tempe, AZ. It is the company’s latest transaction toward the company’s value-add program, ...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Mesa, AZ Apartment Community Fetches $13 Mil
10/24/11
Country Club Verandas, a 348-unit apartment community in Mesa, AZ, recently sold for $13 mil, or about $ 27.4k/unit. Built in 1985, the property is located at 1415 North Country Club Dr, in northwest Mesa. Country Club Vera...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Mountain Real Estate Capital and Classic Homes Take Over Stalled CO Res Development
10/12/11
Mountain Real Estate Capital (MREC) has teamed up with Classic Homes of Colorado Springs to develop Promontory Pointe, a 267-lot community located in Monument, CO. The transaction represents MREC’s first investment in the Co...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Pathfinder Partners Closes Third Phoenix-Area Res Buy Since July
10/10/11
San Diego-based Pathfinder Partners LLC has purchased the unsold units at Barolo Place, a high-end condominium project in Scottsdale, AZ from Zaremba Group LLC, the original developer. The property, consisting of eight two-st...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Phoenix Apartment Complex Goes for Just Under $20 Mil
10/07/11
Here's a quick comp on a recent, large Phoenix apartment sale. The property is Palm Court, a 246-unit complex located at 20401 North 19th Ave, which sold for $19.7 mil ($80k/unit). Palm Court was constructed in 1999 and feat...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Karlin Real Estate Buys Two Scottsdale Retail Centers for $50 Mil
10/06/11
Two Scottsdale retail centers totaling 277k sf of space -- Shea Scottsdale Shopping Center and Shea Scottsdale East – were acquired by Los Angeles-based Karlin Real Estate for $50.32 mil ($181/sf). Both properties were sold ...
Price: $4.99
Executive Subscriber Price: Free
more » 

• NorthMarq Capital Arranges Financings in Vegas and LA Worth Over $50 Mil
10/04/11
The Los Angeles office of NorthMarq Capital recently arranged two substantial multifamily financings, one on a 346-unit property in Las Vegas and the other on three separate assets in LA’s Miracle Mile area. In Vegas, NorthM...
Price: $4.99
Executive Subscriber Price: Free
more » 

• CB Richard Ellis Investors Closes $53 Mil Phoenix Investment Buy
10/04/11
In a big Phoenix, AZ investment buy, CB Richard Ellis Investors purchased Chase Sky Harbor Operations Center, a 396.2k sf building that serves as the regional headquarters, mission critical data center and security hub for th...
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• AZ Investor Pays $17k/Unit for Multifamily Asset
9/27/11
Arroyo Palms, a 159-unit apartment community in Glendale, AZ, sold for $2.7 mil ($17k/unit). Built in 1979, the property is located at 4444 West Ocotillo Rd, near Interstate 17 and the U.S. 60 Highway. Arroyo Palms features ...
Price: $4.99
Executive Subscriber Price: Free
more » 



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