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December 4, 2020
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TEXAS/SOUTHWEST NEWS
Archive
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• Vegas Big-Box Center Opens to Big Expectations
3/31/08
A new 950k sf big-box retail center located off I-215 in Las Vegas just opened to the public with a wide-ranging combination of big-box retailers, major anchors, multi-tenant sites and stand-alone restaurants. The project, Th...
more » 

• ClubCorp Takes a Swing at Gilbert, AZ Golf Course
3/18/08
In recent deal news from Phoenix, Armor Designs, an international developer of state-of-the-art armor technologies and products, agreed to a five-year, $2.7 mil lease for a 71.3k sf ($0.63/sf/mo) industrial facility at 4645 S...
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• Tustin Buyer Picks Up Lone Cactus
3/12/08
The Villas at Lone Cactus, a 96-unit apartment community located at 21220 North 23rd Ave in Phoenix, was acquired by a California limited partnership for $9.6 mil ($100k/unit). Built in 2004, Villas at Lone Cactus is compris...
Price: $3.99
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• Newmark Realty Cap Arranges $3.8 Mil for AZ Shopping Center
3/10/08
Newmark Realty Capital Inc has arranged $3.8 mil in permanent financing for a 110.4k sf grocery-anchored shopping center located along the east side of Highway 260 (White Mountain Blvd) at Yeager Lane in Pinetop-Lakeside, an ...
Price: $3.99
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• Buchanan Street Partners and Biltmore Holdings Close Five-Property AZ Buy
2/27/08
A venture of Buchanan Street Partners and Phoenix-based Biltmore Holdings acquired a five-property, institutional-quality portfolio totaling 515.8k sf in the Tempe/Chandler submarket of Phoenix. The transaction funding includ...
Price: $3.99
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• HFF Locks Up $28 Mil for Phoenix Multifamily Development
2/19/08
The San Diego office of Holliday Fenoglio Fowler (HFF) secured a $27.75 mil construction-perm loan for Central & Bell, a 228-unit multifamily development in North Phoenix, AZ. The project is situated on a nearly 10-acre site ...
Price: $3.99
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• AZ Retail Sellers Sharpen Their Listings with REZA
2/14/08
REZA Investment Group, the OC-based retail investment firm led by Reza Etedali, recently listed two notable centers in the Arizona communities of Sahuarita and Prescott. In Sahuarita, a town situated roughly 15 miles south of...
Price: $3.99
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• H Mart to Take Over Asia Town Center
2/06/08
A new Las Vegas retail center aimed at the city’s rapidly growing Asian population is set to break ground in spring of 2008 with an anchor tenant already in tow. Asian Grocer H Mart has agreed to a deal for a 50k sf store at ...
Price: $3.99
Executive Subscriber Price: Free
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• New Mesa Industrial Project Underway
1/22/08
Construction of a new 125k sf industrial property in Mesa, AZ is being financed with $10.8 mil provided by Wrightwood Capital. The property, called Pecos Gateway, is located between Ellsworth Rd and Sossaman Rd, approximately...
Price: $3.99
Executive Subscriber Price: Free
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• Inland Western Woos Juliet in Retail Joint Venture
1/17/08
In big news from the retail front, Inland Western Retail Real Estate Trust Inc and the Juliet Companies have joined forces in a strategic $500 mil joint venture to develop multi-tenant retail properties located in major MSAs ...
Price: $3.99
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• Development of New Phoenix Office Buildings Handled with Grace
1/16/08
Construction of the final two office buildings at Grace Court office complex, a four-building, 248k sf development on nine acres in downtown Phoenix, has just been completed. Broadreach Capital Partners, the project developer...
Price: $3.99
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• Lennar Sells AZ Homes through Online Auction
1/14/08
Lennar, the big national home builder, recently sold 16 new homes in the community of Laureates at Savannah in Litchfield Park, AZ through an online home auction conducted by RealtyBid.com. The two-week online event took plac...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Henderson Multifamily Portfolio Trades for $75 mil
1/09/08
A major 640-unit multifamily portfolio in Henderson, NV traded hands in a recent $75.35 mil ($117.7k/unit) transaction. The portfolio consists of two condo-mapped complexes – Crossing at Green Valley Condominiums and Martiniq...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Triple Net Picks Up Phoenix Office Park in Year-End Deal
1/07/08
A 176k sf office park in Phoenix, AZ traded hands in an end-of-year acquisition by SoCal-based Triple New Properties on behalf of tenant-in-common investors. The property, Townley Business Park, consists of three office build...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Mesa West Provides $30 Mil for Denver-Area Apartment Asset
1/03/08
Mesa West Capital provided $30.6 mil in financing for The Aventine, a multifamily complex located in the Denver-metro submarket of Aurora that was recently acquired by Seattle-based Security Properties Inc. Since its inceptio...
Price: $3.99
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• Gilbert, AZ Medical Office Property Sells for $9.8 Mil
1/02/08
Here’s the scoop on two end-of-year sales from Arizona, one a medical/office deal and the other a two-building portfolio purchase. In the larger transaction, a La Jolla-based company paid $9.85 mil for Harbor Shores Medical, ...
Price: $3.99
Executive Subscriber Price: Free
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• WCM Bets $126 Mil on Vegas Industrial Complex
12/20/07
In a major Las Vegas sale, an eight-building, 386.3k sf office park traded hands in two deals with a combined valued of $126.4 mil ($327/sf). The property, Centra Point Office Park, was purchased by Seattle-based pension fund...
Price: $3.99
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• Redevelopment on Phoenix Mixed-Use Buildings Nearing Completion
12/19/07
Redevelopment work by Highland Development Company on 375k sf of mixed-use buildings in Phoenix is about 80% complete. The property is a 28-acre parcel of land that Highland purchased from Portland-based SkanlanKemperBard Com...
Price: $3.99
Executive Subscriber Price: Free
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• Large Avondale, AZ Site Acquired for Industrial Development
12/13/07
A large chunk of land in Avondale, AZ was acquired by an investor for future industrial development. The 11-acre site, located at the Rio Estrella Commerce Park on Eliseo Felix Jr. Way and East Van Buren St, just off I-10, tr...
Price: $3.99
Executive Subscriber Price: Free
more » 

• Newmark Realty Capital is the Financing Authority in Vegas
12/11/07
Newmark Realty Capital arranged permanent financing of $104 mil on a new Class A office building in Las Vegas. The building, the Southern Nevada Water Authority’s (SNWA) new HQ location, contains 280k sf over 17 floors and is...
Price: $3.99
Executive Subscriber Price: Free
more » 



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