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Regional Shopping Center Asset in Utah Trades for $142 Mil 2/23/18 The Shops at Fort Union, a 688.5k sf portion of the over 830k sf regional shopping center in Midvale, UT, has sold for $142 mil ($206/sf). The 86% occupied center is home to a number of national retailers including Smith’s Fo...
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AZ Multifamily Community Sells for $90 Mil 2/23/18 Carlyle at South Mountain Townhomes & Apartments, a 552-unit residential community in Phoenix, was acquired for $90 mil ($163k/unit) by two entities formed by Western Wealth Capital of North Vancouver, British Columbia, Canad...
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Vestar Spends $87 Mil on Vegas Retail Center 2/22/18 Vestar has purchased Best in the West, a 465k sf retail center in Las Vegas, NV, in a deal worth $87 mil, or $187/sf. The property, located at 2192 N. Rainbow Blvd, at the intersection with Lake Mead Blvd, was sold by Weinga...
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Bixby Land Company and AXA Investment Managers - Real Assets to Go on Industrial Buying Spree 2/22/18 Bixby Land Company and AXA Investment Managers - Real Assets have reached an agreement to acquire as much as $400 mil of industrial properties. The joint venture with AXA IM - Real Assets fuels a strategic increase in Bixby’s...
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Unique Scottsdale Res Community Sells for $283k/Unit 2/22/18 Dusk, a 41-unit multifamily property in Scottsdale, AZ, sold for $11.6 mil, or $283k/unit. The property is located at 3130 North Hayden Rd, north of Hwy 202 near Hwy 101.
Dusk represents a one-of-a-kind, “green” luxury renta...
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Two Recent Signings Take 30k sf at Latest Phase of TX Office Project 2/16/18 There’s been two lease signings totaling 30.1k sf at Phase IV of Grandway West, a six-building office project in Houston that will total approximately 850k sf when complete. Currently, the project has delivered 280.3k sf in t...
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3D Investments Purchases 278k sf NV Retail Asset from Brixmor Property Group 2/15/18 3D Investments has purchased Galleria Commons, a fully occupied, 278.4k sf shopping center situated on nearly 23 acres in Henderson, NV. The asset was sold by Brixmor Property Group.
Built in 1997 and located at 470-510, 550...
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Sterling Real Estate Holdings Acquires 111-Unit Multifamily Property in Texas 2/14/18 Sterling Real Estate Holdings, a joint venture between Barker Pacific Group (BPG) and Pacific Real Estate Partners (PREP), has acquired La Fiesta Apartments in San Antonio. The 111-unit apartment complex is situated in the Al...
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Buchanan Street Partners Makes $60 Mil CO Res Buy 2/13/18 Newport Beach-based Buchanan Street Partners has acquired Luna Bella Apartments, a 240-unit multifamily project in the Metro Denver community of Lafayette, CO. The newly-built, Class A apartment community was sold by Mileston...
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Phoenix Apartment Community Trades Hands in $16 Mil Transaction 2/12/18 Mission Palms, a 125-unit apartment property in Phoenix, was purchased for $16 mil ($128k/unit) by Phoenix-based Clear Sky RES Properties, an entity formed by Clear Sky Capital. The asset was sold by JM Emerson LLC of Cherry ...
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Student Housing Project for University of Texas to Move Forward with $28 Mil in Construction Money 2/07/18 Austin-based Lincoln Ventures has obtained a $28.5 mil A&D and construction loan for The Ruckus 2.0, a 66-unit and 236-bed student housing project in the West Campus area of the University of Texas. The loan was arranged by E...
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Brookfield Awards Leasing Assignment for Houston Center Mixed-User to Transwestern 2/02/18 Brookfield has selected Transwestern to provide leasing services for Houston Center, an iconic, mixed-use campus in Houston’s Central Business District comprised of 4.2 msf of office and retail space.
Located near Discovery...
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BKM Capital Partners Acquires 670k sf Biz Park in the Las Vegas Market 2/02/18 BKM Capital Partners has recently acquired $175+ mil in properties through its current “largest in market” acquisition strategy. In its latest buy, the company purchased Hughes Airport Center II, a 670.9k sf, 13-building mul...
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CO Res Development Lands Needed Joint Venture Equity 2/01/18 Price Development Group has obtained needed joint venture equity for the development of PDG Parker, a 255-unit, Class A multi-housing community in Parker, CO. The financing was arranged by HFF and provided by an institutional...
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Native American Bank Purchases Office Property in Denver 1/31/18 Native American Bank (NAB) purchased a 13.7k sf, multi-tenant creative office building in Denver. The building, located at the corner of Broadway and 2nd Street in Denver’s South Broadway submarket, was sold by Santa Monica-b...
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AZ Office Asset Traded in $9.6 Mil Deal 1/29/18 Talavi Spectrum, a 74.7k sf office property in Glendale, AZ, was purchased by Dunbar Real Estate Holdings of El Segundo for $9.58 mil ($128/sf). The property is located at 5701 W. Talavi Blvd, within the 67-acre Talavi Busine...
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Las Vegas Country Club Sold by Its Members 1/29/18 Las Vegas Country Club, a private, member-owned club in the heart of the Las Vegas Resort Corridor, was sold by its members to Samick Music Corporation (SMC), a U.S. subsidiary of Samick Musical Instruments Co, Ltd., one of t...
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Work Started on Initial Facility at Planned $300 Mil AZ Biz Campus 1/26/18 Irwin G. Pasternack AIA + Associates PC and Pasternack Properties have broken ground on TEN Distribution Center 1, a Class A industrial building representing the first 1.1 msf in the planned $300 mil TEN Distribution Center i...
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Pathfinder Partners Spends $32 Mil on Two Phoenix-Area Res Properties 1/26/18 San Diego-based Pathfinder Partners has recently added two Phoenix properties valued at more than $32 mil to its growing multifamily portfolio. The latest acquisitions include Vintage Apartments in Gilbert, purchased for $18....
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Development Starts on New Class A Office Building at Chandler Freeway Crossing 1/24/18 Mark IV Capital has broken ground on 2625 at Chandler Freeway Crossing, a 153.4k sf, Class A office building within the company’s 40-acre Chandler Freeway Crossing business park in Chandler, AZ.
Located at 2625 W. Geronimo ...
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