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July 6, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Tratt Properties LLC Breaks Ground on 1.3 msf AZ Spec Industrial Project
2/28/20
Phoenix-based Tratt Properties LLC has broken ground on a 1.3 msf, Class A industrial development sitting just south of the junction of Interstate 10 and the Loop 303, in a designated Opportunity Zone in Goodyear, AZ. Called ...
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• T3 Office Project in Denver Gets Underway
2/26/20
Work has begun on T3 RiNo, a six-story, 240k sf T3 (Timber, Transit and Technology) office building in Denver’s River North Art District (RiNo) that will be one of the most environmentally friendly and sustainable development...
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• Contour and Shopoff Realty Investments Buy 5.25 Acres on the Vegas Strip
2/24/20
A JV partnership between Contour and Shopoff Realty Investments has acquired an unentitled, 5.25-acre parcel of land situated on the Las Vegas strip on behalf of a JV partnership between Contour and Shopoff Realty Investments...
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• Las Vegas Res Property Trades for $52 Mil
2/24/20
Inspirado Apartments, a 252-unit multifamily asset in Las Vegas, was purchased by NNC Apartment Ventures LLC in a transaction valued at $52.2 mil, or $207k/unit. The 247k sf property, located at 6885 W. Lone Mountain Rd, was ...
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• Cushman & Wakefield Acquires Colvill Office Properties in Houston
2/21/20
February 21, 2020 Cushman & Wakefield Acquires Colvill Office Properties in Houston Leading office leasing firm boosts C&W's presence in the region Cushman & Wakefield has acquired Colvill Office Properties, a leading provi...
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• PRP-Led Venture Pays $145 Mil for TX Office Complex
2/21/20
PRP, in a venture with Kuwait Finance House Capital and GMF Capital, recently acquired the 3M Office and Lab Campus, a 335.8k sf, two-building complex located in the Northeast submarket of Austin, TX. The properties were sold...
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• $38 Mil Construction Loan Set for Houston Multifamily Development
2/20/20
Hunington Properties has obtained a $38 mil construction loan for the development of a 126.5k sf, mixed-use multifamily project. The six-story apartment building, located on 1.38 acres at 1107 Shepherd Dr in the Montrose/Rive...
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• PCCP LLC and Kairoi Residential Acquire 326-Unit TX Res Asset
2/20/20
A joint venture between PCCP LLC and Kairoi Residential has acquired Boulevard at Sonterra, a 326-unit garden-style multifamily property located at 210 E Sonterra Blvd in the Stone Oak submarket of San Antonio, TX. The buyer ...
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• KKR Spends $5.6 Mil on Phoenix Industrial Asset
2/19/20
NY-based KKR bought a vacant 82.3k sf industrial building in Southwest Phoenix for $5.6 mil ($68/sf). The facility, located at 46 N. 49th Ave, immediately south of 49th Ave and Van Buren St, was sold by LMI Solutions. The fr...
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• Historic Building in Downtown Salt Lake City Sees Significant Leasing Activity
2/19/20
There has been 50k sf of new leases signed at the Salt Lake Hardware Building in downtown Salt Lake City, UT. The transactions include a new 22.9k sf lease by a medical device company, a new 5.7k sf lease by a local tech comp...
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• Harsch Investment Properties Completes New 168k sf Industrial Facility in North Las Vegas
2/18/20
Harsch Investment Properties has completed development of Speedway Commerce Center IV, a 168k sf industrial / warehouse facility in North Las Vegas. The project, located at 6101 North Hollywood Blvd, adds to the existing 2.65...
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• AZ Retail Property Trades in $17.8 Mil Transaction
2/17/20
Phoenix-based First American Exchange Company purchased Rancho Santa Fe Center, a 74k sf, suburban medical/dental office complex in Avondale, AZ for $17.8 mil ($240/sf). The property was sold by an entity formed by Holualoa C...
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• Bascom Group Entity Picks Up 37-Unit AZ Res Asset
2/14/20
Bascom Arizona Ventures has purchased Dolce Villaggio Townhomes, a 37-unit property located in downtown Tempe, AZ, for $11.5 mil ($310.8k/unit). The property is located at 202 S. Hardy Dr, within downtown Tempe’s Urban Core M...
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• Net-Leased Retail Assets in Phoenix Popular with Investors
2/14/20
Two net-leased retail buildings in the Phoenix area sold in separate deals totaling $5.44 mil. Chris Hollenbeck with Cushman & Wakefield represented the sellers in both transactions. In the larger deal, a freestanding, 6.6k ...
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• New Lease Signings Bring TX Office Complex to 85% Leased
2/13/20
Three new tenants, Teknion Data, Informa and Abeam Consulting, have inked leases totaling over 50k sf of office space at Urban Towers, a Class AA office complex in Irving, TX. The deals have a combined value of more than $20 ...
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• AZ Multifamily Asset Sells for $162k/Unit
2/13/20
Riverview Park, a 69-unit apartment community in Mesa, AZ, sold for $11.2 mil ($162.3k/unit). The property is located at 745 North Dobson Rd, south of Sloan Park, the Chicago Cubs spring training stadium, and Mesa Riverview. ...
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• Next Wave Investors Closes $14.5 Mil Vegas Res Buy
2/10/20
In a recent multifamily buy in Las Vegas, Next Wave Investors LLC paid $14.5 mil for Villaggio Di Murano, an 88-unit ($164.8k/unit) multifamily apartment community. The SoCal-based multifamily investment group acquired the pr...
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• TX Retail Property Trades for $437/sf
2/06/20
A 12k sf, two-tenant restaurant property in Colony, TX has traded in a $5.25 mil ($437/sf) transaction. The recently redeveloped property is situated on 2.13 acres at 5005 SH-121. The property is fully occupied by Knockout S...
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• Work Finished on Second Res Building at 9th & Colorado Project in Denver
2/05/20
Construction of Milo, an eight-story, 319-unit apartment community in Denver, has been completed. The building represents the second residential phase at 9th & Colorado, a 26-acre urban infill project being developed by CIM G...
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• BKM Capital Partners Closes $425 Mil Industrial Portfolio Buy
2/04/20
BKM Capital Partners has acquired a portfolio containing 11 industrial properties located in Phoenix, Northern California, Southern California, and Portland, OR. The portfolio, totaling 2.67 msf of space, sold for $425.4 mil ...
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