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December 12, 2019
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TEXAS/SOUTHWEST NEWS
Archive
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• Santa Fe Medical Office Property Trades for $13.8 Mil
7/07/09
Physicians Plaza of Santa Fe, a 50.5k sf medical office building in Santa Fe, NM was acquired by Supportco Properties for $13.8 mil, or $273/sf. Built in 2004, Physicians Plaza of Santa Fe is a two-story, multi-tenant medical...
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• Highland Sells 27 Homes at New Gilbert, AZ Development
7/06/09
In a positive sign for the AZ home market, Highland Homes has sold 27 single-family homes in less than three weeks at Stone Bridge, a new 72-unit fully entitled master-planned community near Higley and Ray roads in Gilbert, p...
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• CyraCom Inks Lease for 30k sf in Tucson
7/01/09
CyraCom International Inc, a leading provider of language solutions for the healthcare industry, has signed a five-year lease for 30k sf at the Tucson Airport Center. CyraCom plans to use the space, located at 2801 and 2849 ...
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• Mid-America Apartments Pays $17.5 Mil for Nice Sky View
6/25/09
Sky View Ranch, a 232-unit apartment community located at 4632 East Germann Rd in Gilbert, AZ, sold for $17.5 mil ($75.4k/unit). Constructed in 2007, Sky View Ranch is a Class A asset that consists of 11 three-story buildings...
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• Investor Picks Up Colorado Apartment Community for $20.5k/Unit
6/23/09
Sand Creek Apartments, a 126-unit multifamily property in Aurora, CO, sold for $2.58 mil, or about $20.5k/unit. The property is located at 14155 East Montview Blvd, north of Colfax Ave and just east of I-225. Aurora is a city...
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• Pair of Phoenix Industrial Buildings Refinanced with New $3.8 Mil First
6/22/09
In recent industry news from Phoenix, NorthMarq Capital arranged a $3.825 mil first mortgage on two industrial buildings totaling 324.5k sf in the city. One of the buildings, 615 S. 56th Ave, contains 137.3k sf, while the oth...
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• Stonecraft Homes Closes $20 Mil AZ Apartment Buy
6/18/09
Villagio, a 472-unit apartment community in Tempe, AZ, was acquired by Los Angeles-based Stonecraft Homes in a recent transaction worth $20.25 mil ($42.9k/unit). Constructed in 1983, the property is located at 1133 West Basel...
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• Western National Property Management Kicks Off Expansion Program
6/16/09
In an effort to grow its third-party fee management portfolio, OC-based Western National Property Management has initiated an expansion program in the Western US. The firm has opened an office in Phoenix, AZ, led by 20-year i...
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• Classic Denver Apartment Building Sells for Just Over $2 Mil
6/03/09
A classic 1930s apartment building in a popular part of Denver, just three blocks from downtown, sold in a recent $2.12 mil ($32.1k/unit) deal. The 66-unit property, called Winbro, is located at 1620 Grant St, a block north o...
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• Chandler Investor Shops at Wal-Mart Marketside
6/01/09
Here’s the scoop on an interesting retail sale from Arizona, as a 17.1k sf Wal-Mart Marketside grocery store in Chandler sold for $5.4 mil ($316/sf). The property is situated on 2.4 acres at 950 North McQueen Rd, south of Ray...
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• National Council of Juvenile and Family Court Judges Inks New Lease in Downtown Reno
5/28/09
The National Council of Juvenile and Family Court Judges (NCJFCJ) recently agreed to 66-month expansion lease in downtown Reno, giving them a total of 9.6k sf at West Liberty Plaza, located at 50 West Liberty. The building is...
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• Pacific Office Properties Signs Two at City Square
5/22/09
Pacific Office Properties Trust recently signed leases with two tenants at City Square, a mixed-use development located at 3800 North Central Ave, north of I-10 and east of I-17 in Phoenix. John Bonnell, Jason Moore and Brett...
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• Phoenix Investment Brokerage Starts New Firm in Scottsdale
5/18/09
ORION Investment Real Estate Solutions, a new brokerage firm specializing in the sale of commercial properties throughout the Southwest, was just launched by Phoenix retail investment broker Ari Spiro. Sean Stutzman, a six-...
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• Retail Investors Find Paradise in Phoenix
5/14/09
Macerich, the Santa Monica-based mall owner/operator, sold four ground-leased single-tenant retail properties at the Paradise Valley Mall in Phoenix for a total of $4.6 mil. The properties include Arby’s/Wendy’s, Jared Galler...
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• Avondale, AZ Industrial Building Sells for $331/sf
5/04/09
A 12.4k sf industrial building leased to Cox Communications sold for $4.1 mil ($331/sf) in Avondale, AZ, a city of roughly 75,000 people located about 20 miles directly west of Phoenix. Built in 2007, the property is located ...
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• Semro and Rinehart Join Phoenix Office of Lee & Associates
4/28/09
Here’s the latest Pro Moves news from the Phoenix office of Lee & Associates, as the firm has added a leading local land team to its growing roster of industry pros. The new hires, Ryan Semro and Bret Rinehart, have joined th...
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• Canyon Capital Takes Ownership of 13-Acre Cal Neva Resort
4/24/09
Since completing the foreclosure process and taking ownership of the 13-acre Cal Neva Resort, Spa and Casino on the north shore of Lake Tahoe on April 8, Canyon Capital Realty Advisors (“Canyon”) has been moving forward to st...
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• $37.5 Mil Note on Distressed NV Development Offered for Sale
4/17/09
We’ve just learned about a $37.5 mil first mortgage note in the advanced stages of default being offered for sale. The note, which is secured by a condo development in a prime Henderson, NV location, is being marketed for sal...
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• Veteran Phoenix Brokerage Pros in the News
4/14/09
Here’s the scoop on a couple of veteran Phoenix-area brokers in the news, Ric Holway and Andrew Cheney. Ric Holway, a veteran multifamily investment broker in the Phoenix area, has joined Hendricks & Partners as a Partner. ...
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• Single-Tenant Retail Buyers Have it Their Way
4/01/09
Consumer spending may be down but retail real estate buyers are still spending on single-tenant properties in Arizona. In fact, we’ve got three recent transactions to share with you, from Mesa, Phoenix and Chandler. We’ll st...
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