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December 4, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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•  CO Shopping Center Gets New Owner in $32 Mil Transaction
12/08/11
Marketplace at Austin Bluffs, a 226.6k sf, grocery-anchored shopping center in Colorado Springs, sold for $32.8 mil, or $145/sf. The asset was purchased by AmCap Austin Bluffs LLC from United Properties. The shopping center ...
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• Mercy Housing Underway with New Denver Affordable Housing Community
12/06/11
Construction is underway on Bluff Lake Apartment Homes, a new high-quality, eco-friendly residential community in Denver for 92 families earning between 30 percent and 50 percent of the area median income. This $11.5 mil affo...
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• JLL Adds John Cunningham to Firm’s Multifamily Investment Sales Group in Phoenix
12/05/11
Jones Lang LaSalle’s Capital Markets group has hired apartment expert John Cunningham to establish and expand the firm’s multifamily investment sales practice in Phoenix and throughout the region. Cunningham joins the firm a...
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• Salt Lake City Regional Center Receives $60 Mil in New Senior Financing
12/02/11
PCCP LLC has provided a $69.2 mil senior loan to recapitalize and provide renovation financing for Valley Fair Mall, an 877.2k sf regional mall in Salt Lake City, Utah that is 93 percent occupied. The property is owned by a j...
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• Greenlaw Partners Closes $7.5 Mil AZ Office Buy
12/01/11
Newport Beach-based Greenlaw Partners of Newport Beach recently wrapped up a significant Arizona officel buy, having paid $7.5 mil for 2929 Camelback, a 76.3k sf ($98/sf) building at 2929 E. Camelback Rd in Phoenix. The Class...
Price: $4.99
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• BH Properties Looking to Invest $100 Mil in 2012
11/30/11
LA-based BH Properties plans to place $100 mil as part of its 2012 real estate investment strategy. The plans follow a successful year of activity in 2011 that included six property acquisitions and two note purchases totalin...
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• Out of State Buyers Scour Market for Discounted Assets in Vegas
11/30/11
Below is a summary of the Fourth Quarter 2011 Marcus & Millichap Apartment Research Market Report for the Las Vegas Metro Area, provided to us by national investment services firm Marcus & Millichap: A notable recovery of th...
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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...
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• 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
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• 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...
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• 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...
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• 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...
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•  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 ...
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•  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
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• 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
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• 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
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• 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
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