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March 28, 2024
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TEXAS/SOUTHWEST NEWS
Archive
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• AZ Home Depot Property Acquired for $11.7 Mil
10/18/17
Realty Income Properties has purchased the 107.7k sf Home Depot at Hayden Plaza in Phoenix for $11.76 mil, or $109/sf. Located on the northwest corner of Cave Creek Rd and Cactus Rd, The Home Depot is a highly visible site si...
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• AZ Res Property Traded for $11k/Unit
10/18/17
Tempe Vista, a 186-unit apartment communityin Tempe, AZ, was purchased by Denver-based Capital Real Estate LLC for $20.5 mil ($110.2k/unit). The property, located at 2045 E. Broadway Rd, was sold by Phoenix-based 2045 Broadwa...
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• Utah Retail Center Trades for $33 Mil
10/17/17
Red Rock Commons, a fully occupied 134.2k sf retail center in Saint George, UT, traded hands for $33.2 mil ($247/sf). Some of the center’s tenants include Dick’s Sporting Goods, Old Navy, Petsmart, Ulta Salon and The Gap. Bu...
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• Colorado Retail Center Sells for $48 Mil
10/13/17
Hutensky Capital Partners III LLC paid $48 mil for Northglenn Marketplace, a 439k sf, community center in Northglenn, CO, within the Denver MSA. Built in 1999 and located at 10578 Melody Dr, the center is situated on just ove...
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• High-End Denver Res Tower Fetches $649k per Unit
10/11/17
Steele Creek, a Denver multifamily property with 218 units, traded hands in a recent deal valued at $141.5 mil, or $649k per unit. The 12-story, ultra-luxury apartment community is located at 3222 East 1st Ave, in the city’s ...
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• Dallas Investor Buys AZ Retail Center
10/11/17
Dallas-based Covington Plaza LLC paid $10.2 mil for Covington Plaza, a Bashas’ grocery-anchored shopping center in Phoenix. The asset, located at the southeast corner of 7th St and Union Hills Dr, was sold by an entity formed...
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• Here’s the Skinny on Recent Slim Chickens Buy in Texas
10/10/17
Arkansas-based Frost Commercial LLC paid $3.35 mil for a recently developed, 3.8k sf ($882/sf) single-tenant retail property in the city of Helotes, a suburb of San Antonio, TX. The property is occupied by Slim Chickens, an e...
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• Vegas Office Campus Trades in $78 Mil Deal
10/05/17
In a sizable office investment buy out of Las Vegas, PCCP LLC and The Brookhollow Group teamed up in the purchase of Centra Point, a nine-building, Class A campus totaling 383.7k sf. The properties, located at 8311-8395 W. Su...
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• Frontier Equity Buys 177k Office Building in Forth Worth
10/03/17
One Ridgmar Centre, a 177.2k sf, Class A office building in Fort Worth, TX, was purchased by Frontier Equity. The price was not disclosed. One Ridgmar Centre is located at 6500 W. Fwy, in the Southwest Fort Worth office subm...
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• Nicola Crosby Spends Over $14 Mil on Phoenix Area Industrial Park
10/02/17
In a recent Phoenix industrial buy, Nicola Crosby purchased Pinnacle Peak Commerce Center, a 93.7k sf, state-of-the-art flex/industrial complex, for $14.2 mil ($152/sf). Pinnacle Peak Commerce Center is located at 23751 North...
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• Hines Breaks Ground on 250k sf Class A Office Project in Chandler, AZ
9/28/17
Hines has broken ground on the Offices at Chandler Viridian, a six-story, 250k sf Class A office building located at 3133 West Frye Rd, at the intersection of Loop 101 and Loop 202 near the Chandler Fashion Center in Chandler...
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• Bascom Arizona Ventures Spends $70 Mil on Over 800 Units in the State
9/27/17
Bascom Arizona Ventures has purchased a three-property, 812-unit portfolio of multifamily assets in Southern Arizona in a transaction valued at $70.2 mil. The properties are: • Summit Vista, 288 units, Tucson • Cres...
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• Clark County Department of Aviation Collects $28.3 Mil from the Sale of Two Commercial Assets
9/26/17
Clark County Department of Aviation recently sold two commercial properties in Las Vegas for a combined price of $28.3 mil. The assets were sold through Ten-X Commercial’s Live Bid transaction platform. One of the sales was...
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• Multifamily community in Mesa, AZ Goes for $50k/Unit
9/26/17
Sonoran Palms, a 206-unit multifamily property in Mesa, AZ, traded hands for $10.3 mil, or $50k/unit. The property is located at 900 N. Country Club Dr. Sonoran Palms consists of studio- and one-bedroom floorplans ranging fr...
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• Phoenix Industrial Building Traded in $16 Mil Transaction
9/26/17
Foster City-based Bailard purchased a 188.1k sf industrial building in Phoenix for $16.1 mil ($86/sf). The state-of-the-art industrial/flex building, situated on 11.3 acres at 7822 S. 46th St, is 100% leased to BAE Systems. ...
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• Robbins Electra Picks Up 344-Unit TX Res Asset
9/25/17
Robbins Electra purchased Pecan Springs, a 344-unit luxury multifamily property located in Northwest San Antonio, TX. The price was not disclosed. The apartment complex is located near UTSA Blvd above the Interstate 10/Loop ...
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• Vegas Medical Office Property trades in $4.8 Mil Deal
9/22/17
Las Vegas Tech Center Plaza, a 57.9k sf medical office property in Las Vegas, sold for $4.75 mil ($82/sf). The multi-building property is located at 2901-2931 N. Tenaya Way. It is situated across the street from Mountain Vi...
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• Vegas Office Building Traded in $13.75 Mil Deal
9/21/17
City Center West A, a 105.8k sf office property in Las Vegas, traded hands in a $13.75 mil ($130/sf) transaction. The buyer was RFII Acquisitions LLC. The building is located at 7201 W. Lake Mead Blvd. It is adjacent to U.S...
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• AZ Industrial Portfolio Trades in $24 Mil Transaction
9/18/17
TA Realty paid $24.5 mil for a 266.6k sf ($92/sf) industrial portfolio in the AZ cities of Scottsdale, Arizona and Tempe. The portfolio, comprised of four industrial/flex assets, was sold by The Hewson Company. The propertie...
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• Historic Medical Office Property in Phoenix Trades in Recent $5 Mil Deal
9/15/17
Grunow Memorial Medical Center, a 51.2k sf, two-story medical office building in Phoenix, AZ, was acquired by Meridian in a recent $5 mil ($98/sf) deal. The building, located at 926 East McDowell Rd, was sold by PacVentures, ...
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