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• Phoenix Res Asset Picked Up for $55k/Unit
10/26/17
Courtyard at Encanto, a 160-unit multifamily property in Phoenix, sold for $8.8 mil, or $55k/unit. The property is located at 2322 West Thomas Rd.
The garden-style apartment community consists of studio and one-bedroom floor...
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• Nevada Retail Property Fetches $21.5 Mil
10/25/17
Green Valley Town Center, a 194.8k sf mixed-use center in Henderson, NV, sold for $21.5 mil ($110/sf). The property, purchased by Henderson Town Center LLC, is part of a regional real estate portfolio being sold by American ...
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• Multifamily Property at the Foot of Vail Ski Resort Lands New $21.8 Mil Fannie Mae Loan
10/25/17
Gorman & Company Inc has refinanced Lion’s Ridge Apartment Homes, a 114-unit multifamily property at the foot of Vail Ski Resort in Vail, CO. The $21.75 mil Fannie Mae loan was structured by Walker & Dunlop Inc.
Lion’s Ridge...
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• Phoenix Industrial Portfolio at 100% Occupancy After Latest Signing
10/24/17
Reywest Commerce Center, a two-building, $18.7 mil Phoenix industrial portfolio purchased by Colony NorthStar in May, has achieved 100% occupancy in less than four months, thanks to a final lease for 58.3k sf with retail secu...
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• International Appetite for U.S. Industrial Real Estate Surges
10/23/17
Strong fundamentals, the growing sophistication of logistics facilities and e-commerce growth has led to a surge in foreign industrial investment in the U.S., according to the latest research from CBRE.
Foreign investors ha...
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• Drury Development Corp Picks Up Arlington, TX Site for Hotel
10/20/17
Drury Development Corp acquired a 9.24-acre, mixed-use, zoned tract of land in Arlington, TX for development of a full-service hotel. The project, located west of the Lincoln Square retail center, will include a 268-room Drur...
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• Equus Capital Partners and iStar Inc Pay $53 Mil for AZ Office Asset
10/20/17
In a recent office campus buy in Arizona, a venture between Equus Capital Partners and iStar Inc purchased McDowell Mountain Business Park, a 255.6k sf property in Scottsdale, for $53.15 mil ($208/sf). McDowell Mountain Busin...
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• Two Phoenix Retail Properties Sell in Deals Totaling $3.4 Mil
10/19/17
Two north Phoenix retail buildings traded hands in recent deals totaling $3.4 mil. The two single-tenant, free-standing buildings, with a combined 21.5k sf of space, were sold by MCR Dunlap LLC. They were 100% occupied at the...
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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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