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December 4, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• GSA the Largest of Four Recent Signings at Phoenix Office High-Rise
5/04/11
In recent leasing activity from downtown Phoenix, The U.S. General Services Administration has signed a 10-year deal for 29.5k sf of space at 2800 Tower, in a move that will relocate the downtown Military Entrance Processing ...
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• Hines’ 24th at Camelback II Wins Two Awards from AZ Chapter if NAIOP
4/26/11
Hines’ 24th at Camelback II office property was recognized by the Arizona chapter of NAIOP with two Best of NAIOP Awards. The Class A development, located at 2325 E. Camelback Rd, was selected as the Speculative Office Devel...
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• Out-of-State Investor Acquires 38k sf Tucson Retail Asset
4/25/11
A private investor from Dallas, TX has purchased a 37.5k sf retail center in Tucson, AZ. The property, located at 3749 W. Ina Rd, anchors the 92.1k sf North Pima Center and is 100% leased to Michaels and Ace Hardware. It was...
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• Lake Havasu RV & Boat Storage Sells for $5 Mil
4/22/11
Lake Havasu RV & Boat Storage, a self-storage facility located in Lake Havasu City, AZ, was purchased in a recent investment sale for $5 mil. The property is located at 1808 Victoria Farms Rd, about 200 miles northwest of Ph...
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• Equity Residential Collects $41 Mil from Sale of Adjacent Phoenix Apartment Communities
4/21/11
Mark Forrester of the Phoenix office and Art Wadlund of the Tucson office of Hendricks & Partners represented the seller, Chicago-based Equity Residential. The Buyer was Onni Capital LLC, a Nevada limited liability company o...
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• Netherlands Industrial Firm Leases 150k sf AZ Warehouse Facility
4/20/11
Schoeller Arca Systems, a 100-year-old, Netherlands-based manufacturer of sustainable plastic packaging systems, inked a long-term lease for a 153k sf industrial facility in Goodyear, AZ. The one-story warehouse/manufacturin...
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• Special Lease Signing Brings Lakewood, CO Office Building to 88% Occupied
4/14/11
In a recent Lakewood, CO office comp, Special District Management Services agreed to a 36-month renewal for its 7.6k sf of office space at 141 Union Blvd, where they’ve been located for the past five years. This transaction f...
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• Phoenix Development Land Fetches $8.5 Mil
4/12/11
Buyers are on the prowl for development land in Phoenix, as evidenced by a recent sale of just over 50 acres at a commercial lot development in the Deer Valley submarket of Phoenix. The purchase, consisting of five vacant lan...
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• Grubb & Ellis Healthcare REIT Closes Two Purchases
4/11/11
Grubb & Ellis Healthcare REIT II Inc recently closed two separate acquisitions, in Colorado and Southern California. In the Denver suburb of Westminster the firm purchased St. Anthony North Medical Office Building, a 60k sf m...
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• CBRE Arranges Refi of 300-Unit Tucson Multifamily Property
4/07/11
CB Richard Ellis Group (CBRE), through its direct HUD FHA lender, CBRE HMF, Inc. (CBRE HMF), arranged the efinance of Finisterra Apartment Homes, a 300-unit luxury apartment complex located steps from restaurant row in Tucson...
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• AZ Retail Center Sells for Just Over $3 Mil in Exchange Buy
4/05/11
A 1031 exchange buyer paid $3.1 mil for Eagle Mountain Village Marketplace, a 28.5k sf ($109/sf) special servicer REO shopping center in Fountain Hills, AZ. Built in 2001, the property is situated on 3.86 acres at 14815 - 14...
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• Mesa, AZ Senior Housing Facility Fetches $12 Mil
3/31/11
Nationwide Health Properties Inc has acquired Arbor Rose Assisted Living, a senior housing facility in Mesa, AZ, for $12 mil. The property, located at 6033 Arbor Ave, was purchased from Arbor Rose Senior Care LLC and Arbor Ro...
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• MIG Closes 190k sf Colorado Office Buy
3/29/11
Newport Beach-based MIG Real Estate has acquired I-225 Plaza, a 190k sf, five-building mixed-use property in the Denver submarket of Aurora. Located adjacent to I-225 at 1600-1690 S. Abilene St and 13900 E. Florida Ave, the ...
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• BlackRidge Closes $9.7 Mil Phoenix Buy
3/23/11
BlackRidge Real Estate Group LLC, a real estate investment and operating company based in Southern California, acquired a 265k sf distribution building in Southwest Phoenix for $9.67 mil ($36.50/sf). The building is located o...
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• Pierce Education Properties Spends $52 Mil on 640-Bed AZ Student Housing Community
3/22/11
Pierce Education Properties purchased Block 1949, a 640-bed student housing community near the campus of Arizona State University in Tempe, AZ, for $52 mil ($81.3k/bed). The transaction was facilitated by a $38.5 mil acquisit...
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• CIP Closes 14 Leases at Hughes Airport Center in 2010
3/18/11
Irvine-based CIP Real Estate had a busy 2010 at Hughes Airport Center business park in Las Vegas, closing 14 lease transactions over the course of the year. The total value of these leases exceeded $19.45 mil and consisted o...
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• Improving Balance Sheets Position Corporate Occupiers for Growth in 2011
3/16/11
Reprinted below is a summary of Jones Lang LaSalle’s National Office Occupier Outlook, which forecasts a changing scenario for landlords in the coming years, as many markets are predicted to move from tenant-favorable to neut...
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• Logistics Provider Takes 262k sf of AZ Industrial Space
3/15/11
In a big AZ industrial deal, Mach 1 Global Services signed a lease for 262k sf at Goodyear Point in the city of Goodyear. Mach 1 is the first tenant in Goodyear Point, a 418.2k sf multi-tenant industrial complex built by Laut...
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• Commonwealth REIT Buys Arizona Center in $136 Mil Deal
3/11/11
Commonwealth REIT acquired Arizona Center, a 1 msf, mixed-use complex in downtown Phoenix, for $136.5 mil, in one of the largest sales in the region in some time. The center, situated on 16 acres at the northeast corner of 3r...
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• Salvation Army to Salvage 160k sf Phoenix Property
3/11/11
The Salvation Army has undertaken the redevelopment of a 160k sf property in Phoenix for a new social service and administration campus. The organization has enlisted Jones Lang LaSalle to provide real estate advisory and dev...
Price: $4.99
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