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January 24, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• GSP Arranges $58 Mil in Construction Money for AZ Res Project
10/09/07
George Smith Partners has arranged a $57.8 mil construction loan to finance the development of Reflections on the Canal, a 100-unit luxury town home/condo project in downtown Scottsdale, AZ. The project will be located on 5....
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• HPC Purchases Sparks Center for $6.6 Mil
10/08/07
HPC Properties Inc has purchased Wildcreek Plaza, an 18k sf retail center located at the northwest corner of North McCarren Blvd and El Rancho Dr in Sparks, NV, for $6.65 mil ($369/sf). The project, completed in 2006, is just...
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• Media Company Takes Over 60% of AZ Office Tower
10/05/07
NCS Pearson Inc, a global media company, took 135.5k sf of office space in Chandler, AZ, after inking a 13-year lease at a five-story tower at 3075 W Ray Rd, part of The Park at San Tan project located just west of Loop 101/P...
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• Mammoth Office Sale in Scottsdale
10/04/07
An investment entity paid $22.4 mil for the Mammoth Professional Building - Scottsdale Atrium East, a 71.5k sf ($313/sf) two-story office building situated on 3.88 acres at 14300 North Northsight Blvd in Scottsdale, AZ. The C...
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• Tesco Center in Vegas Offered for $20 Mil
10/03/07
Warm Springs Plaza, a 76k sf neighborhood shopping center at the southeast corner of Warm Springs Rd and Eastern Ave in Las Vegas, has been listed for sale with an asking price of $20.425 mil ($269/sf). Located on 6.33 acres ...
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• CA, Southwest Markets Rank as Top Apartment Investment Choices
10/02/07
Nine of the country’s 10 top-rated multifamily investment markets are located in California and the southwest, according to Sperry Van Ness’ just-released 2007 Top 10 Markets To Watch Report, which examines economic factors t...
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• The Sparks Fly at Faris Lee
9/27/07
AIG Baker, a privately held real estate investment company out of Birmingham, AL, has put on the market Sparks Crossing, a 335.9k sf regional shopping center in Sparks, NV. Completed in 2007, the center sits on 37 acres at th...
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• Younan Continues Its March into Texas
9/27/07
Younan Properties, the LA-based real estate investment firm that completely sold off all of its SoCal holdings some time ago, continues in its mission to become the biggest office landlord in Houston with another notable buy....
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• HFF Arranges $66 Mil for Development of Paradise in Sin City
9/14/07
Holliday Fenoglio Fowler's (HFF) San Diego office arranged $66 mil in financing for the redevelopment of the 202-suite Atrium Suites Hotel into a luxury boutique hotel in Las Vegas, to be renamed the Paradise Boutique Hotel. ...
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• Southwest Deal News
8/31/07
ENGLEWOOD, CO – RMI Investment Services LLC purchased Arapahoe Service Center II, a 79.2k sf industrial building located at 6446 South Kenton St. The building, which was sold by SoCal-based Triple Net Properties, is fully occ...
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• Tempe Apartment Property Sells for $29.7 Mil
8/27/07
Greenwood Village, a 270-unit apartment complex located at 4505 South Hardy Dr in Tempe, AZ, was acquired by a La Jolla investment entity for $29.7 mil ($110k/unit). It was sold by PM Greenwood, LLC / Margo Capri, LLC / Patri...
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• Arizona Development News
8/14/07
Morrison Ranch Business Park LLC selected Birtcher Development & Investments and Lunsford Group to develop Morrison Ranch Business Park, an 8.2 msf business park in Gilbert, AZ. The project, which will consist of office and i...
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• Las Vegas Apartment Sales
8/10/07
There continues to be substantial interest in multifamily assets in Las Vegas. In this report we'll take a look at three notable recent transactions. In the largest of the three, Spanish Oaks, a 216-unit complex at 2301 Sou...
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• Centra Acquires Vegas Site for Business Park
8/09/07
Centra Realty Corporation, an Irvine-based real estate developer, recently purchased 5.78 acres of vacant land in the Hughes Airport Center for $5.5 mil ($22/sf). The land will be sued to develop 740 @ Hughes Airport Center, ...
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• Passco Closes $20 Mil Arizona Retail Buy
7/20/07
SoCal-based Passco Companies LLC has acquired the 56.7k sf Phase II of Laveen Village Marketplace in Phoenix for $20 mil ($353/sf). The 197.7k sf center is located on Baseline Rd at 51st Ave in Laveen a fast-growing suburb of...
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• Desert Star to Shine in North Las Vegas
7/19/07
North Las Vegas' newest lifestyle and entertainment town center project has been given a name: Desert Star. The mixed-use project consists of a 1.2 msf retail, dining and entertainment center, approximately 700 residential un...
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