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August 11, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Mesa West Originates $70 Mil on Denver Tower
2/02/11
In a big Denver, CO financing deal, Mesa West Capital has provided $70 mil in first TD money for the recapitalization of 1999 Broadway, a 680k sf, Class A office tower in the cityís CBD. At 43 stories, the tower is one of the...
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• MIG Real Estate Acquires 99k sf Vegas-Area Retail Center
1/27/11
MIG Real Estate has acquired Vista Commons, a 99k sf neighborhood retail center in western Las Vegas. Built in 2007, the center is anchored by a 56k sf Albertsonís supermarket. Terms of the sale were not disclosed. Vista ...
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• Capstone Commercial Lands $6.5 Mil in Purchase Money for 157-Unit Idaho Apt Complex
1/26/11
Capstone Commercial Properties Inc has obtained acquisition financing of $6.5 mil for the purchase of the Teton Apartments, a 157-unit, garden-style community located in Idaho Falls, Idaho. The loan was provided by Walker & D...
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• NorthMarq Capital Arranges $22.5 Mil in a Showcase Retail Financing Deal
1/18/11
In a recent retail financing transaction from Las Vegas, NorthMarq Capitalís David Blum arranged $22.5 mil in first TD money for Showcase Mall, a 42.3k sf property located at 3791 S. Las Vegas Blvd. Financing was based on a 1...
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• Johnson Capital Arranges $9 Mil on 264-Unit Phoenix Multifamily Asset
1/17/11
Johnson Capitalís Neal Churney has arranged an $8.9 mil bridge loan on The Ridge at Sun Valley, a 264-unit, garden-style apartment complex in Phoenix. Originally built in 2004, The Ridge at Sun Valley contains a mix of 176 tw...
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• The Siegel Group Purchases a 36k sf Vegas Office Building
1/12/11
The Siegel Group Nevada has acquired a two-story, 36k sf office building at 3790 Paradise Rd in Las Vegas that the company intends to use as its new corporate headquarters. The transaction price was not disclosed, although th...
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• Willbros Engineers Takes 12k sf of CO Office Space
1/10/11
Willbros Engineers (U.S.) LLC, a full-service engineering firm HQíd in Tulsa, Oklahoma, has signed a 60-month lease for 12.2k sf of office space at Pyramid Pointe, a 111.5k sf office building in Englewood, CO. The four-story ...
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• SSTI Closes Out 2010 with 740-Unit Vegas Buy
1/04/11
Strategic Storage Trust, Inc. (SSTI) wrapped up 2010 by acquiring its fifth property in Las Vegas, totaling approximately 740 units. The purchase closes out a year in which SSTI accumulated $126 mil in self-storage facilities...
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• JLL Duo Lands Two New Industrial Listings While Closing a $6 Mil Sale
12/29/10
Anthony Lydon and Marc Hertzberg, out of the Phoenix office of Jones Lang LaSalle, were awarded two notable sale listings and also completed a significant industrial sale. Combined, the properties represent more than 700k sf ...
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• OR Investment Group Picks Up AZ Office/Showroom Property
12/28/10
La Curvata, a five-building, 177.2k sf Class A office/showroom project in Scottsdale, AZ, was acquired by OPM4, LLC, an Oregon-based company formed by Harvest Development LLC. The property, located directly across the street ...
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• Canadian Entity Spends Near $20 Mil on 454-Unit Phoenix Apt Property
12/28/10
Diamonte on Bell, a 454-unit apartment complex in Phoenix, was purchased for $19.6 mil ($43.2k/unit) by a company formed by Onni Group of Cos. The property is located at 3202 W. Bell Rd, east of I-17 and south of Beardsley Rd...
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• Direct Alliance Inks Direct Deal for 26k sf of Phoenix Office Space
12/27/10
Direct Alliance Corporation, a subsidiary of TeleTech Inc agreed to a seven-year lease for 26k sf of office space in Phoenix. The transaction is at Black Canyon Corporate Center, a 218.7k sf office building located at 16404 N...
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• Denver Office Market Looking More Solid with $149 Mil Granite Deal
12/20/10
Newport Beach-based KBS Real Estate Investment Trust II (KBS REIT II) just closed on a major Denver office buy, having paid $149 mil for Granite Tower, a 31-story, 561.7k sf ($265/sf) Class A high-rise in the cityís CBD. The ...
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• Las Vegas Multifamily Complex Trades for Just $15.5k/Unit
12/15/10
The Siegel Group has acquired the Charlestonwood Apartments; a 232-unit apartment complex in Las Vegas. The property, situated on approximately 4.6 acres of land at 2900 E. Charleston Blvd, traded for $3.6 mil ($15.5k/unit) i...
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• Turner Sees Opportunity in their first Phoenix-Area Industrial Buy
12/14/10
Turner Opportunity Fund has acquired a 40.9k sf industrial property consisting of 14 condominiums in Mesa, AZ. Units at the property, which represents the companyís first purchase in the Greater Phoenix market, range from 2....
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• Bostonís Berkshire Group Rings Up Big Seattle Apt Buy in Belltown
12/13/10
Boston-based Berkshire Group purchased Elliott Bay Plaza, a 233-unit complex in Seattle, in one of the largest apartment property sales of 2010 in the Puget Sound area. The asset, which was sold by the State Teachers Retireme...
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• Mesa, AZ Apartment Community Trades for $30k/Unit
12/08/10
A Scottsdale, AZ-based investment entity has acquired Orange Grove, a 396-unit apartment community located at 111 North Gilbert in Mesa. The asset, which was sold by was Alliance Southwest LLC, an Arizona limited liability co...
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• Tempe, AZ Development Parcel Listed for Sale
12/02/10
A 1.61-acre parcel of land on the southeast corner of College Ave and 5th St in Tempe, AZ has been listed for sale. The parcel is across the street from a City of Tempe light rail station and transit center, making it one of ...
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• Voit Tappen into the Phoenix Market
12/01/10
Phoenix Metropolitan area commercial real estate broker Darren Tappen has joined Voit Real Estate Services to help boost the SoCal-based firmís presence in the region. Tappen specializes in industrial, office and land acquisi...
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• Cohen Financial Arranges Over $20 Mil for Two West Coast Deals
11/24/10
Real estate capital services firm Cohen Financial arranged a couple of interesting West Coast transactions, in Arizona and Washington, worth mentioning. In one of the deals, the company secured a $17.55 mil loan for the acqui...
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