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December 4, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Denver Office Tower Achieves EPA’s Energy Star Label
3/11/11
1515 Wynkoop, a 295.2k sf eight-story office building in Denver, has qualified for the U.S. Environmental Protection Agency's ENERGY STAR® label. The building, which is managed by TX-based Hines, was certified LEED Gold for ...
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• Wakely Consulting Leases 5k sf in Englewood, CO
3/11/11
Wakely Consulting Group Inc, an actuarial consulting firm specializing in health care and health care reform, has signed a six-year renewal and expansion for a total of 5.2k sf at Pyramid Pointe in Englewood, CO. Pyramid Poin...
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• Mesa HQ Property Sells for $3.4 Mil
3/11/11
Pennington Place, a 68.4k sf suburban office property in Mesa, AZ was acquired by MESA AZ Community Bridges Inc (CBI) for $3.4 mil ($50/sf). Located at 1855 W. Baseline Rd, south of Hwy 60 and east of Dobson Rd, the property ...
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• Canadian Buyer Spends $14.6 Mil on AZ Retail Center
3/10/11
MDC Property Services Ltd, out of Calgary, has acquired Ridgeview Plaza, a 130.6k sf retail center in Mesa, AZ for $14.6 mil ($112/sf). Built in 1998, the center was 82 percent occupied at the time of sale with Basha’s as th...
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• Four LA-Area Single-Tenant Retail Sales Total Up to Over $11 Mil
3/09/11
Here’s a rundown on four LA-area retail sales, totaling $11.25 mil in total price and all brokered, at least in part by Jereme Snyder, Senior Vice President in Colliers International’s Irvine office,. The transactions are: ...
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• Gauntlet Commercial Enters into Partnership to Invest $120 Mil
3/09/11
Gauntlet Commercial Real Estate Capital LLC (Gauntlet CREC) has entered into a JV agreement to invest $120 mil in short-term bridge loans throughout the western United States. Their partner, a privately administered financial...
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• LA Investor Spends $5.4 Mil on Phoenix Retail Property
3/08/11
A private investor from Encino, CA has purchased Garden Lakes Centre, an 88.1k sf retail center in Phoenix for $5.4 mil ($61/sf). Built in 1988, the center is situated on 8.85 acres at 10720 West Indian School Rd, near the m...
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• Mesa West Provides $40 Mil on Phoenix Office Complex
3/02/11
A joint venture formed by affiliates of Morgan Stanley Real Estate Investing and McCarthy Cook & Co has obtained $40 mil in first mortgage financing to capitalize a two-property office portfolio in Phoenix, AZ. The funding wa...
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• Macerich and Institutional Mall Investors Acquire Full Ownership of AZ’s Kierland commons
3/01/11
Santa Monica-based Macerich, in a venture with Institutional Mall Investors LLC (IMI), has acquired full ownership of Arizona's Kierland Commons from its developers, Dallas-based Woodbine Development Corporation and the Herbe...
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• LA-Based Karlin Acquires 80k sf Colorado Office Building
2/24/11
In a receiver facilitated note sale, Karlin Real Estate has acquired an 80k sf commercial office building at 600 12th St in Golden CO from Cordes & Company. The price was not disclosed. 600 12th Street is a Class A office an...
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• The Siegel Group Acquires Package of 18 Multifamily Properties in Las Vegas
2/23/11
The Siegel Group Nevada Inc has acquired 18 multi-residential properties as part of a packaged sale. The properties, which are comprised of 15 four-unit buildings and three six-unit buildings, were recently foreclosed upon a...
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• Erik Franks Joins Vegas Office of Johnson Capital
2/22/11
Erik Franks was hired by Johnson Capital as an analyst at the firm’s recently opened office in Las Vegas. The new office already closed a $29 mil permanent loan with a major company on a 423-unit garden apartment project in ...
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• Faris Lee Awarded Marketing Assignment for 13 Mervyns Stores
2/15/11
Faris Lee Investments was awarded the assignment to market a portfolio of 13 former Mervyns located throughout Southern California and Arizona and totaling more than 1 msf of space. Four of the properties have been re-leased,...
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• Alliance Commercial Partners Spends $30 Mil on AZ Industrial Park
2/10/11
A nine-building, 553.3k sf industrial park in Chandler, AZ was acquired by Alliance Commercial Partners in a recent sale worth $30.5 mil ($55/sf), in what we’re told was the largest industrial investment buy for 2010 in the P...
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• Mesa West Originates $70 Mil on Denver Tower
2/02/11
In a big Denver, CO financing deal, Mesa West Capital has provided $70 mil in first TD money for the recapitalization of 1999 Broadway, a 680k sf, Class A office tower in the city’s CBD. At 43 stories, the tower is one of the...
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• MIG Real Estate Acquires 99k sf Vegas-Area Retail Center
1/27/11
MIG Real Estate has acquired Vista Commons, a 99k sf neighborhood retail center in western Las Vegas. Built in 2007, the center is anchored by a 56k sf Albertson’s supermarket. Terms of the sale were not disclosed. Vista ...
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• Capstone Commercial Lands $6.5 Mil in Purchase Money for 157-Unit Idaho Apt Complex
1/26/11
Capstone Commercial Properties Inc has obtained acquisition financing of $6.5 mil for the purchase of the Teton Apartments, a 157-unit, garden-style community located in Idaho Falls, Idaho. The loan was provided by Walker & D...
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• NorthMarq Capital Arranges $22.5 Mil in a Showcase Retail Financing Deal
1/18/11
In a recent retail financing transaction from Las Vegas, NorthMarq Capital’s David Blum arranged $22.5 mil in first TD money for Showcase Mall, a 42.3k sf property located at 3791 S. Las Vegas Blvd. Financing was based on a 1...
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• Johnson Capital Arranges $9 Mil on 264-Unit Phoenix Multifamily Asset
1/17/11
Johnson Capital’s Neal Churney has arranged an $8.9 mil bridge loan on The Ridge at Sun Valley, a 264-unit, garden-style apartment complex in Phoenix. Originally built in 2004, The Ridge at Sun Valley contains a mix of 176 tw...
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• The Siegel Group Purchases a 36k sf Vegas Office Building
1/12/11
The Siegel Group Nevada has acquired a two-story, 36k sf office building at 3790 Paradise Rd in Las Vegas that the company intends to use as its new corporate headquarters. The transaction price was not disclosed, although th...
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