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October 19, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Recent Phoenix Comps Include a Warehouse Sale and an Office Lease
11/02/09
Here are a couple of recent Phoenix deal comps for those of you who like to keep up with activity from the Grand Canyon state. We’ll start with an industrial sale as a 48.1k sf warehouse property sold for $1 mil. The property...
Price: $3.99
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• APAC Leases 100k sf Tucson Industrial Facility
10/29/09
APAC Customer Services Inc signed a 10-year lease for a 101.4k sf industrial building in Tucson. The building is located at 2929 E. Corona Rd, south of Valencia Rd at the edge of Tucson International Airport. Financial terms ...
Price: $3.99
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• Declining Fundamentals Still Plague Metro Phoenix Office Market
10/14/09
The Phoenix office of Transwestern has just released its 3rd Quarter 2009 report on the metro region, which shows that weak demand continues to push vacancy higher as rental rates fall 8% from their Q1 2008 peak. Here is a go...
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• Equipment Manufacturer Charts New Course after 15-Acre NV Land Buy
10/09/09
Ohio-based Chart Industries Inc, a leading global manufacturer of equipment used in the production, storage and end-use of hydrocarbon and industrial gases, has acquired a 15-acre site at 1995 Peru Dr in the Nevada town of Mc...
Price: $3.99
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• JCLA Gets Workout Assignment for Distressed Colorado Resort Property
10/08/09
Johnson Capital Lodging Advisory (JCLA), the hospitality workout division of Johnson Capital Special Servicing (JCSS), has been named the court-appointed manager of a distressed, 5-star, luxury condominium and hotel developme...
Price: $3.99
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• CBRE Arranges $16 Mil Loan Mod/Extension for Albuquerque Resort
10/08/09
CBRE Hotels has arranged a $16 mil loan modification and extension of the 280-room Radisson Albuquerque Hotel & Waterpark on behalf of American Property Hospitality Management (APHM). The new financing allows for the indoor ...
Price: $3.99
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• CBRE Restructures Senior Money on Tucson Resort Property
10/02/09
In an Arizona refi transaction, CBRE Hotels has restructured the senior mortgage loan for the Westward Look Resort and Spa in Tucson, on behalf of American Property Hospitality Management (APHM). Working with the investor, CB...
Price: $3.99
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• Arizona Financing Briefs
9/22/09
Here’s an update on a couple of recent $3 mil financing transactions from Arizona, in the towns of Mesa and Gilbert. Both transactions were arranged by Newmark Realty Capital. We’ll start in Mesa, where Newmark arranged perm...
Price: $3.99
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• Major AZ Lifestyle Center is Refinanced
9/16/09
Mark McGovern and Jeff Rice of CBRE Capital Markets recently arranged the refinancing of Biltmore Fashion Park, a 548k sf outdoor lifestyle mall in Phoenix, AZ. Located in the city’s Camelback Corridor, at the corner of East ...
Price: $3.99
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• Portfolio of Seven Phoenix-Area Distressed Multifamily Properties Offered for Sale
9/15/09
In what may rank as one of the largest offerings of distressed multifamily properties ever listed for sale in the western US, a portfolio consisting of seven communities with 2,759 total units in the Phoenix metropolitan area...
Price: $3.99
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• PCCP Picks Up 1.2 msf TX Industrial Park for $30 Mil
9/11/09
SoCal-based PCCP LLC has acquired 121 Lakepointe Crossing, a three-building, 1.2 msf class-A industrial property located in Lewisville, Texas, from Opus West for $29.9 mil ($24/sf). The sale of the asset was completed at an A...
Price: $3.99
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• Alaskan Investment Partnership Acquires 330k sf Reno Industrial Property
9/10/09
A fully-leased, 330k sf industrial property in Reno, NV traded hands in a recent investment buy. The property, located at 4910 Longley Lane, north of Mccarran Blvd at the south end of Reno-Tahoe international Airport, was sol...
Price: $3.99
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•  Canyon Capital and Spectrum Group Acquire Greek Isles
8/20/09
Affiliates of Canyon Capital Realty Advisors (“Canyon”) and Spectrum Group Management LLC (“Spectrum”) have completed the foreclosure process on the Greek Isles Hotel and Casino located just off the Strip in Las Vegas and wil...
Price: $3.99
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• Pair of Vegas Del Taco Properties Fetch $3.75 Mil
8/17/09
Two Las Vegas retail properties occupied by Del Taco sold for a total of $3.75 mil ($731/sf). Dennis Vaccaro and Matthew Mousavi of Faris Lee Investments represented the sellers, Innovative Property Partners LLC and Visionary...
Price: $3.99
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• Western National Expands to Phoenix with Four New Management Contracts
8/13/09
Western National Property Management has boosted its management presence throughout the west with the addition of four new apartment community management contracts totaling 854 units in Phoenix. These new contracts represent ...
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• Recent Phoenix Medical Office Leases Total Up to Almost 30k sf of Space
8/12/09
We’ve got some recent medical office leasing activity in Phoenix to report, most notably Apogee Medical Group’s five-year renewal for 10.8k sf of space on the top floor of Esplanade II, a 235.1k sf office building at 2525 Ea...
Price: $3.99
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• Transwestern Awarded Management Assignment for New 485k sf Phoenix Tower
8/05/09
Transwestern’s Management Services just landed a major assignment in Phoenix as Mesirow Financial Real Estate has awarded Transwestern the management contract for One Central Park East (1CPE). The yet-to-be-completed office t...
Price: $3.99
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• Glendale, AZ Apartment Sells for $19k/Unit
7/30/09
Here’s the scoop on a recent multifamily sale from Arizona, as Glen Park, an 88-unit property in the city of Glendale, sold for $1.7 mil, or about $19.3k/unit. The property, located at 6301 North 64th Dr, north of Camelback R...
Price: $3.99
Executive Subscriber Price: Free
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• Capital Commercial Investments Picks Up Former Motorola Campus in Chandler
7/29/09
In a major Arizona real estate sale, Capital Commercial Investments Inc (CCI) has acquired the former Motorola campus, a two-story, 512k sf hybrid corporate office/R&D facility located on 152 acres at 2501 S. Price Rd in Chan...
Price: $3.99
Executive Subscriber Price: Free
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• Abrazo Health Care Takes 12k sf of Phoenix Office Space
7/22/09
Abrazo Health Care leased 12.2k sf of space in a brand new, Class A medical office building located at 3805 E Bell Rd in Phoenix’s Paradise Valley Medical Plaza. The seven-year transaction has a total value of $2 mil, for an ...
Price: $3.99
Executive Subscriber Price: Free
more » 



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