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September 22, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Memphis Buyer Looking for Lyon’s Share of Gilbert, AZ Apartment Market
8/18/08
Alexan Lyon's Gate, a 312-unit apartment community in Gilbert, AZ was purchased by a Memphis, TN-based investor for $35.25 mil ($113/sf). Located at 3301 East Ray Rd, the complex consists of 13 three-story buildings on a 15.3...
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• Now May Be the Time to Borrow in Phoenix
8/13/08
By John Smeck Johnson Capital Principal/Managing Member A few short years ago, Phoenix was among the leading cities in the country in terms of commercial development and residential home growth. When the city reached its pea...
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• Apartment Investor Gets a $17.7 Mil Surprise
8/11/08
Here’s the scoop on two recent Arizona apartment sales that we just learned about, one in Surprise and the other in Tempe. We’ll start with the larger of the transactions, as a Utah-based investor paid $17.65 mil for Canyon R...
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• Green Acres is the Place for A-American
8/04/08
In news of a self-storage sale from Reno, NV, A-American Storage Management paid $6.3 mil for Green Acres Self Storage, an 86k sf ($73/sf), single-story property located on 4.7 acres at 95 Green Acres Dr. The property was rou...
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• Bascom Group Closes $60 Mil Colorado Apartment Buy
7/31/08
The Bascom Group, the Irvine-based real estate firm that specializes in value-add apartment buys, recently closed on a large Colorado acquisition, paying $60.8 mil for Gleneagles Apartments, a 562-unit ($108.8k/unit) Class A ...
Price: $3.99
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• AZ Res Community Offers Resort Lifestyle for Active Adults
7/30/08
A growing active-adult community in Arizona provides an affordable lifestyle for adults aged 55 and older. Called Dolce Vita, the project offers amenity-laden homes that start in the $90k’s. The freestanding manufactured hous...
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• Opus Inks Five New Deals at Pima Center
7/24/08
Five new office tenants have inked deals at Pima Center, Opus West Corp’s 1 msf office campus located at the Loop 101 Fwy at Via de Ventura in Scottsdale, AZ. The new tenants -- Hemisphere GPS, New Horizons, Pierce-Eislen, Sa...
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• Sparks Fore-cast Calls for New Luxury Apartment Project
7/23/08
Fore Property Company has started construction on a 300-unit luxury apartment community located in the Spanish Springs area of Sparks, Nevada. The project will be built on a 20-acre parcel in the Pioneer Meadows master-planne...
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• Health Choice Makes a Healthy Office Space Choice in Phoenix
7/18/08
Health Choice Arizona, a managed care organization, recently inked a five-year lease for 43.3k sf of office space in Phoenix. The transaction gives the firm two floors at Three Gateway, part of the three-building Gateway Cent...
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• 670-Unit Vegas Apartment Complex Sold by AIMCO
7/11/08
Situated just 10 minutes from the Las Vegas Strip, Canyon Pointe is located adjacent to the Nevada Palace Hotel and Casino and the newly developed Eastside Cannery Hotel and Casino. The site boasts views of Sunrise Mountain ...
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• GSS Breaks Ground on 150-Acre Industrial Park in Casa Grande
7/10/08
Scottsdale-based GSS Companies Inc just broke ground on Central Arizona Commerce Park, a planned 150-acre industrial park situated 1.5 miles south of the Union Pacific Railroad main line and 2.5 miles north of I-8, at the edg...
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• Pro Moves
7/09/08
Tim Regan has been appointed Manager of Voit Development Company’s Phoenix office, where he’ll oversee all aspects of the development operations of that office. Regan, who will remain Vice President of Development & Acquisi...
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• Buyer Spends $96/sf on Phoenix Industrial Building
7/03/08
A 25k sf industrial building in Phoenix was acquired by Garren Development for $2.4 mil ($96/sf). The facility is situated on 2.92 acres at 4724 West Roosevelt St, just south of the heavily traveled I-10 Fwy. It features 34’ ...
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• HFF Arranges $39 Mil in Construction and Joint Venture Money for Sparks Multifamily Project
7/02/08
The Orange County office of Holliday Fenoglio Fowler L.P. (HFF) arranged a $29.5 mil construction loan and $9.5 mil in joint venture equity for the development of Pioneer Meadows, a 300-unit Class A multifamily development to...
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• Scottsdale Apartment Property Fetches $155k/Unit
7/01/08
A private investor from Regina, Saskatchewan paid $3.1 mil for Fountain Villas, a 20-unit ($155k/unit) apartment community in Scottsdale, AZ. The community, a failed condo conversion that was recently renovated, is located at...
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• Pro Moves
6/27/08
Glenn Frey and Rich Montague have been promoted to Senior Project Managers in the Phoenix headquarters office of Opus West Construction Corporation, the design-build subsidiary of Opus West Corporation. Rich Montague now ove...
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• La Forgia Named Principal at The Atalon Group
6/20/08
The Atalon Group has named Robert M. La Forgia as Principal in the national real estate operational turnaround and corporate recovery management firm. La Forgia was formerly Executive Vice President and Chief Financial Office...
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• Scottsdale Apartment Communities Fetches $22 Mil
6/18/08
McCormick Place North and McCormick Place South, two adjoining multifamily communities totaling 230 units in Scottsdale, AZ, were acquired by a local investment entity for $21.85 mil ($95k/unit). The properties, one with 112 ...
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• Voit Wraps Up Work on 898k sf Biz Park in Henderson, NV
6/12/08
The fourth and final phase of Pacific Business Center, a 13-building, 898.4k sf business park in Henderson, NV, has now been completed. The park was built by Voit Development Company as a third-party fee development project f...
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• Pro Moves
6/11/08
Opus West Corp has promoted Jason Meszaros to the position of Director, Real Estate Development in the company’s Phoenix headquarters office. In his new position, Meszaros will play a more active role in pursuing and conceptu...
Price: $3.99
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