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January 25, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Triple Net Picks Up Phoenix Office Park in Year-End Deal
1/07/08
A 176k sf office park in Phoenix, AZ traded hands in an end-of-year acquisition by SoCal-based Triple New Properties on behalf of tenant-in-common investors. The property, Townley Business Park, consists of three office build...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Mesa West Provides $30 Mil for Denver-Area Apartment Asset
1/03/08
Mesa West Capital provided $30.6 mil in financing for The Aventine, a multifamily complex located in the Denver-metro submarket of Aurora that was recently acquired by Seattle-based Security Properties Inc. Since its inceptio...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Gilbert, AZ Medical Office Property Sells for $9.8 Mil
1/02/08
Here’s the scoop on two end-of-year sales from Arizona, one a medical/office deal and the other a two-building portfolio purchase. In the larger transaction, a La Jolla-based company paid $9.85 mil for Harbor Shores Medical, ...
Price: $3.99
Executive Subscriber Price: Free
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• WCM Bets $126 Mil on Vegas Industrial Complex
12/20/07
In a major Las Vegas sale, an eight-building, 386.3k sf office park traded hands in two deals with a combined valued of $126.4 mil ($327/sf). The property, Centra Point Office Park, was purchased by Seattle-based pension fund...
Price: $3.99
Executive Subscriber Price: Free
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• Redevelopment on Phoenix Mixed-Use Buildings Nearing Completion
12/19/07
Redevelopment work by Highland Development Company on 375k sf of mixed-use buildings in Phoenix is about 80% complete. The property is a 28-acre parcel of land that Highland purchased from Portland-based SkanlanKemperBard Com...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Large Avondale, AZ Site Acquired for Industrial Development
12/13/07
A large chunk of land in Avondale, AZ was acquired by an investor for future industrial development. The 11-acre site, located at the Rio Estrella Commerce Park on Eliseo Felix Jr. Way and East Van Buren St, just off I-10, tr...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Newmark Realty Capital is the Financing Authority in Vegas
12/11/07
Newmark Realty Capital arranged permanent financing of $104 mil on a new Class A office building in Las Vegas. The building, the Southern Nevada Water Authority’s (SNWA) new HQ location, contains 280k sf over 17 floors and is...
Price: $3.99
Executive Subscriber Price: Free
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• Specialty Finance Group Arranges $24 Mil for Yuma Hotel/Conference Center
12/03/07
The developer behind the new $30 mil Hilton Garden Inn and Riverfront Conference Center in Yuma has secured financing for the first major components of the much-anticipated and historically significant Pivot Point redevelopme...
Price: $3.99
Executive Subscriber Price: Free
more » 

• John Smeck is Johnson Capital’s Sundance Kid
11/29/07
Johnson Capital arranged $50.8 mil in permanent financing for the Sundance Towne Center, a recently completed 635k sf community retail center situated in the center of Buckeye, an Arizona town located roughly 35 miles west of...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Vegas Office Complex Sells for $24.8 Mil
11/28/07
Commercial real estate in Las Vegas is doing a lot better than the residential market in the region these days, as investors are still attracted to the underlying fundamentals in office and industrial properties in the area. ...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Dwyer-Curlett Arranges $17.8 Mil for Pair of Vegas Flex-Tech Buildings
11/27/07
Here are a few deal briefs from the Southwest towns of Las Vegas, Phoenix and Scottsdale. We’ll lead off by letting you know about a financing transaction, as Dwyer-Curlett arranged $17.8 mil in acquisition money for two flex...
Price: $3.99
Executive Subscriber Price: Free
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• Transpacific Closes $22 Mil Phoenix Office Buy
11/26/07
Transpacific Development Company, the Torrance-based development and investment firm, recently added another substantial asset to its portfolio with the acquisition of a 92k sf office building in Phoenix, AZ. The four-story, ...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Quarterpenny Picks Up 270-Unit Tucson Complex
11/15/07
Tucson-based Quarterpenny Company has purchased Tamarack, a 270-unit apartment community located at 1111 West St. Mary's Rd in Tucson, for $10.5 mil ($38.9k/unit). Built in 1985, Tamarack is an interior gated-community compri...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Phoenix Buyer Spends $21 Mil for University Education
11/12/07
A four-property, 268-unit apartment portfolio in Tempe, AZ was acquired by a Phoenix investor for $21.4 mil ($79.9k/unit). The assets, known as the University Properties are: University Place; University Pointe; University Sq...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Tempe Industrial Sale has Baseline Price of $9.5 Mil
11/09/07
Baseline Industrial Center, a 109.7k sf five-building, multi-tenant industrial complex situated on 5.24 acres in Tempe, AZ, sold for $9.54 mil ($87/sf). The property is located at 5235, 5245 and 5255 South Kyrene Rd, at the i...
Price: $3.99
Executive Subscriber Price: Free
more » 

• North Vegas Development to be Joined by World Class Restaurateurs
11/06/07
Two world-class restaurateurs are heading to the northwest Las Vegas suburbs for their first foray out of their respective New York and California markets. The new restaurants will be part of The Village at Queensridge, a 29...
Price: $3.99
Executive Subscriber Price: Free
more » 

• CT Realty Heads for the Hills in Arizona
11/01/07
Newport Beach-based CT Realty Corp has begun construction of a new 11.5k sf office building along Monterey Dr, just east of the intersection of E Shea Blvd and N Saguaro Blvd in Fountain Hills, an Arizona town located about 3...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Vegas Office/Flex Buildings Sold for $30 Mil
10/25/07
Two Las Vegas office buildings, totaling 98k sf, were purchased by investors for $30.2 mil (308/sf). The properties were sold by a venture of CIP Real Estate and Buchanan Street Partners, which acquired the facilities as part...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Older Phoenix Apartment Property Fetches $75k/Unit
10/18/07
A Portland investor group paid $9 mil for the Monarch Apartments, a 120-unit ($75k/unit) property located at 77 W. Coolidge St in Phoenix, AZ. Built in 1974, the eight-building community is situated on 3.34 acres and is compr...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Shidler Scores Hat Trick at US Bank Center in Phoenix
10/17/07
Three companies have recently inked leases, totaling 23.7k sf of space, at US Bank Center, the 31-story, 371.7k sf office tower at 101 North First Ave in downtown Phoenix. The building is owned by The Shidler Group, out of Sa...
Price: $3.99
Executive Subscriber Price: Free
more » 



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