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• Walker & Dunlop Structures $49 Mil in Three Freddie Mac Loans on Utah Student Housing Properties
8/22/16
Walker & Dunlop Inc recently structured three loans totaling $48.75 mil on Utah student housing facilities utilizing Freddie Mac financing. The loans were for The Lodges at Glenwood, Raintree Commons, and Cambridge Court, all...
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• AZ Res Community Sells for $80 Mil
8/17/16
Passco Companies LLC has acquired Almeria at Ocotillo, a 389-unit, Class A luxury multifamily complex within the Ocotillo master-planned community in Chandler, AZ, for $80 mil ($205.7k/unit). The property, located at 2470 and...
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• AZ Retail Property Trades for $2.5 Mil
8/16/16
Red Mountain Plaza, an 11.3k sf retail property in Mesa, AZ, recently traded in a $2.5 mil ($221/sf) investment buy. The property is located at 1152 N. Power Rd, at the signalized intersection of Brown and Power Roads.
Shor...
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• BKM Capital Partners Spends $15.6 Mil on Las Vegas Industrial Park
8/12/16
Spencer Airport Center, a seven-building, 177.6k sf multi-tenant industrial park in Las Vegas, was purchased by BKM Capital Partners for $15.65 mil ($88/sf). The property is located at 6744, 6754 and 6830 Spencer St; 1857, 18...
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• Strip Center in Phoenix Metro Area Sells for Over $2 Mil
8/10/16
A 15.5k sf, multi-tenant retail property in the Phoenix metro area sold for $2.325 mil, or $150/sf. The property, 51st & Southern, is situated on 2.26 acres at 5035 W. Southern Ave and 6115 S. 51st Ave in Laveen.
Tenants at ...
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• Orrick, Herrington & Sutcliffe LLP Takes 57k sf at New Houston Office Tower
8/10/16
Orrick, Herrington & Sutcliffe LLP (Orrick), the international law firm, has signed a 12-year lease for 56.7k sf of office space in downtown Houston. The transaction is at 609 Main at Texas, the new downtown tower developed b...
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• Fortis Property Group Buys Chase Tower in Dallas from Hines
8/09/16
Fortis Property Group has acquired Chase Tower, a 55-story, 1.253 msf office tower in Dallas. The high-rise was sold by Hines. The deal is said to be worth around $285 mil, or $227/sf.
The building, located at 2200 Ross Ave ...
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• Parameter Realty Partners Refinances TX and VA Office Portfolio with $120 Mil Loan
8/09/16
Parmenter Realty Partners has obtained $120.5 mil in bridge financing for a three-property portfolio encompassing five office buildings in Irving, Texas, and Richmond, Virginia.
The properties in the portfolio include:
• L...
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• Vestar Buys 94k sf AZ Retail Center
8/08/16
Vestar recently purchased Lakeview Village at Morrison Ranch, a 93.7k sf grocery-anchored neighborhood center in the Phoenix suburb of Gilbert, for $17.96 mil ($192/sf). Vestar plans to develop the available pads at the cent...
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• Denver Affordable Housing Property Sells for $20.5 Mil
8/05/16
Hamilton Zanze Real Estate Investments recently closed on an affordable housing acquisition in Colorado, paying $20.5 mil for Diamond at Prospect, a 140-unit ($146.4k/unit) multifamily property in Denver.
Security Properties...
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• Phase I of 500k sf CO Lifestyle Center is Complete
8/05/16
Development has been completed on Phase I of the Village at the Peaks, a 500k sf lifestyle center in Longmont, CO. The $90 mil project, a development of NewMark Merrill Companies, is on the site of the former Twin Peaks Mall,...
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• Beverly Hills Investment Firm Spends $16 Mil on Nevada Retail Portfolio
8/04/16
A six-property retail portfolio in Henderson, NV was purchased by Beverly Hills-based 3D Investments LLC for $16.2 mil. The properties, known as the Eastern Marketplace Portfolio, were sold by Las Vegas-based Eastern Marketpl...
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• Phoenix Warehouse Facility Sells for $75 Mil
8/02/16
In one of the largest industrial acquisitions of the year, The Koll Company and Seera Investment Bank B.S.C., based in the Kingdom of Bahrain, acquired a 1 msf distribution center in Phoenix for $74.75 mil ($75/sf). The massi...
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• Premier Business Centers Adds New AZ Location in Paradise Valley
8/01/16
Irvine-based Premier Business Centers® will be expanding its presence in Arizona with the addition of a new executive office suites location in Paradise Valley. The firm’s latest center is at 11201 N. Tatum Blvd, within the S...
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• Clarion Partners Buys One Victory Park in Dallas
7/28/16
Clarion Partners LLC has acquired One Victory Park in Dallas from a partnership of Hines and UST XVI, a German investment fund managed by Estein & Associates USA Ltd. Clarion acquired the property on behalf of a commingled fu...
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• Black Horse Gallops into Houston Industrial Space
7/25/16
Black Horse LLC has leased 31k sf of industrial space at West by Northwest Industrial Park in Houston. Black Horse, a joint venture between Caterpillar Inc and Ariel Corp, provides well service pressure pumping products and s...
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• Hines Global REIT II Picks Up 490k sf UT Campus
7/20/16
Hines Global REIT II Inc has acquired Cottonwood Corporate Center, a four-building, 490k sf office campus in the Salt Lake City submarket of Cottonwood, UT. The Class A complex, built between 1997 and 2000, was designed by Gi...
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• Imperial Sugar Refinery Site in Texas to Be Redeveloped into 855k sf Mixed-Use Complex
7/20/16
The 26-acre Imperial Sugar Refinery property in Sugar Land, TX has been acquired by Imperial Market Development LLC for the development of an upscale, 855k sft, mixed-use retail, office, hotel and residential project. The pro...
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• Multifamily Community in Denver’s LoHi Neighborhood Purchased for $322k/Unit
7/14/16
Highlands Park Apartments, a 125-unit multifamily community located in Denver’s Lower Highland neighborhood commonly known as LoHi, sold for $40.25 mil, or $322k/unit. Grand Peaks Properties, a Denver-based multifamily invest...
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• Three CO Retail Properties Trade in $11 Mil Worth of Deals
7/13/16
Three Colorado retail properties sold in separate transactions totaling $11.19 mil. Larry Thiel and Brad Cohen of Transwestern’s Capital Markets Group represented the seller in each transaction.
“Denver is experiencing stro...
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