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• Goldman Sachs & Co Entity Buys Phoenix Retail Asset
1/18/17
Bethany Towne Center, a 305.7k sf retail property in Phoenix, was purchased by an entity formed by Manhattan-based Goldman Sachs & Co in a recent $41.3 mil ($135/sf) transaction. The property, located at the northeast corner ...
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• Focus Property Group to Build 233-Room Hilton Garden Inn in Denver
1/18/17
Focus Property Group has secured $69 mil in construction financing for the development of a 12-story, Hilton Garden Inn in Denver. The hotel, located at 20th St and Chestnut Place, adjacent to Denver’s Union Station, is being...
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• CA-Based Investor Buys 275k sf Austin VA Outpatient Clinic
1/17/17
The Austin VA Outpatient Clinic, a 275k sf, freestanding outpatient clinic in Austin, TX, was purchased by an investor who is affiliated with The Innovation Institute, based in La Palma, CA. The sale represents the largest he...
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• Pathfinder Partners Spends $12.5 Mil on Vegas Res Community
1/16/17
Pathfinder Partners has acquired Tierra Bella, an 89-unit apartment community in Las Vegas, for $12.5 mil, or $140k/unit. The property is located at 10620 Alexander Rd, north of Cheyenne Ave and just west of I-215.
The asset...
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• The Bascom Group Buys 280-Unit Res Asset in San Antonio
1/11/17
In another year-end multifamily acquisition, The Bascom Group LLC has acquired the Redlands Apartments, a 280-unit, Class A apartment community located in the affluent Stone Oak submarket of San Antonio.
The property consis...
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• Regency Centers Collects $46 Mil from Sale of AZ Retail Center
1/09/17
Pima Crossing, a 283.3k sf retail center in Scottsdale, AZ, was purchased for $46.15 mil ($163/sf) by an entity formed by Los Angeles-based Karlin Real Estate. The asset, located on the northwest corner of Shea Blvd and Pima ...
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• Steadfast Apartment REIT II Closes Third TX Apartment Buy
1/05/17
Steadfast Apartment REIT III Inc (STAR III) has closed its third acquisition, paying $44.5 mil ($174k/unit) for Canyon Resort at Great Hills, a 256-apartment-home community located in Austin, TX.
Built in 1997, Canyon Resort...
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• Luxury Res Project to Get Underway in Westminster, CO
1/05/17
Legacy Partners and Diamond Realty Investments have teamed up in a joint venture to develop Legacy on the Promenade, a luxury res project consisting of 276 apartment homes and 24 town homes in Westminster, CO. Construction wi...
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• Summerlin Primed for another Big Year of Activity in 2017
1/04/17
After a record-setting 2016, the coming year’s expectations are high for activity at Summerlin, the 22.5-acre, master-planned community that spans the western rim of the Las Vegas valley at the foot of Red Rock Canyon. The co...
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• Private Investor Buys 300-Unit Res Asset in Colorado Springs, CO
1/04/17
The Vineyards, a 300-unit, Class A apartment community in Colorado Springs, CO, was purchased by a private real estate investment and development company. The transaction was financed with a $41 mil acquisition loan arranged ...
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• Starboard Realty Advisors Buys 83k sf CO Retail Property
1/03/17
In a recent CO retail investment buy, Irvine-based Starboard Realty Advisors LLC purchased an 83.3k sf shopping center, shadow-anchored by a Walmart Neighborhood Market, in the Denver metro area. The center, Arvada West Town ...
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• The Bascom Group Closes $38.5 Mil Res Buy in Las Vegas
12/30/16
The Bascom Group LLC has closed out 2016 with their second end-of-year Las Vegas res buy, this one being Spectrum Apartments, a 252-unit luxury multifamily community that they acquired for $38.5 mil, or $153k/unit. The proper...
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• MG Properties Picks Up 330 Res Units in Scottsdale, AZ
12/28/16
MG Properties closed out 2016 with an institutional-quality multifamily buy in Arizona, paying $51 mil for Broadstone Scottsdale Horizon, a 330-unit ($155k/unit) rental community in one of the most coveted neighborhoods in No...
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• The Bascom Group Closes on 90-Unit Las Vegas Res Buy
12/28/16
The Bascom Group LLC has just acquired Pebble Cove Apartments, a 90-unit, garden-style apartment community in Las Vegas, for $9.1 mil, or $101k/unit. The property is located at 5101 O’Bannon Dr, west of Decatur Blvd and north...
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• Work Gets Started on 300k sf Office Tower in Austin, TX
12/28/16
Stonelake Capital Partners and HPI Real Estate Services & Investments have just broken ground on Domain Tower, an 11-story, 310k sf Class A office building in Austin, TX. The project is located at 10721 Domain Dr, at the entr...
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• SmartStop Asset Management Affiliate Spends $70 Mil on NV Student Housing Property
12/23/16
SmartStop Asset Management LLC facilitated the acquisition of The Summit, a 186-unit, 709-bed Class “A”, purpose-built student housing community located adjacent to the University of Nevada, Reno (UNR) campus. The asset was a...
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• PCCP LLC and Griffis Residential Venture Buys 332-Unit CO Res Property
12/22/16
A joint venture between PCCP LLC and Griffis Residential has acquired a 332-unit residential community in Littleton, CO known as Monterey Apartments. The joint venture is renovating the asset, located at 4601 S Balsam Way, a...
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• Hines Picks Up 684k sf Phoenix Industrial Park
12/16/16
Hines has acquired Southwest Industrial Center, a Class A industrial park located in the heart of the Southwest Valley submarket in Phoenix, from Hillwood Property Trust. The price was not disclosed.
The project consists of ...
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• CBRE Duo Brokers Office and Retail Sales in Las Vegas
12/13/16
Here’s the scoop on a couple of recent sale transactions from Las Vegas, one an office buy and the other a retail trade. In both transactions, the sellers were represented by Charles Moore and Marlene Fujita-Winkel out of CBR...
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• ColRich Multifamily Venture Pays $94 Mil for Newly Constructed, 416-Unit Res Community in Utah
12/13/16
A ColRich Multifamily-led venture recently closed on the $93.9 mil acquisition for Cobblegate at Quarry Bend, a newly constructed 416-unit multifamily community in the Salt Lake City suburb of Sandy, UT. The transaction was f...
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