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• AHV Communities to Develop Luxury SFR Rental Community in Georgetown, TX
2/25/16
AHV Communities is getting set to develop 92 single-family lots in Georgetown, TX, expanding the company’s offerings in the Greater Austin area. The new community, Park on San Gabriel, will consist of all luxury single-family...
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• Phoenix Office Complex Undergoing Major Renovation and Inking New Tenants
2/23/16
There has been roughly 28.5k sf of new leases to report at Biltmore Financial Center, a 635k sf, three-building Class A property at the northwest corner of 24th St and Camelback in Phoenix. The latest deals are with WealthPoi...
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• Castle Lanterra Properties Buys 350-Unit Apartment Community in Austin, TX
2/23/16
Castle Lanterra Properties (CLP) has acquired Villas Tech Ridge, a 350-unit luxury apartment community in Austin, TX. The deal marks CLP’s second purchase in this growing market. In 2015, the company acquired Stonegate, a 452...
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• Hines Investing Big in Multifamily Product
2/22/16
Hines has acquired Domain Apartments, a 308-residential property in the Las Vegas suburb of Henderson. Built in 2014, the property is located at 831 Coronado Center Dr, east of I-15 and south of I-215. The price was not discl...
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• Legacy Partners and USAA Real Estate to Develop 322-Unit Res Project in Downtown Denver’s Golden Triangle
2/17/16
In recent development news out of Denver, Legacy Partners and USAA Real Estate have purchased 2.3 acres along Speer Blvd in the city’s Golden Triangle neighborhood downtown. The venture plans to break ground on a seven-story,...
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• Reno Retail Asset Trades in $25 Mil Transaction
2/15/16
South Creek, a 66.8k sf, 29-unit, retail complex in Reno, sold for $25.5 mil, or $382/sf. The property is located at 201 W. Liberty St, south of I-80 and west of Hwy 395.
Lyle Chamberlain, CCIM, managing partner of Lee & Ass...
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• New Dierks Bentley’s Whiskey Row Started in Gilbert, AZ
2/09/16
LGE Design Build has broken ground on the new Dierks Bentley’s Whiskey Row, an 8k sf restaurant in downtown Gilbert, AZ. Located at 323 N. Gilbert Rd, the project is expected to be completed in November/December 2016.
The r...
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• Phoenix Retail Center Trades for Nearly $10 Mil
2/08/16
A New Jersey-based real estate entity closed on a Phoenix retail buy, paying $9.665 mil for Mountain Park Plaza. Located at 510, 520, 602 and 610 E. Baseline Rd, Mountain Park Plaza is an 87.7k sf ($110/sf), grocery-anchored ...
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• Colorado Apartment Community Trades in $58 Mil Deal
2/08/16
Seagate Colorado Partners has acquired Panorama at Arvada Ridge, a 264-unit rental community located at 5654 Kipling Parkway in Arvada, CO, for $58.5 mil ($221.6k/unit) in an off-market transaction. Seagate views the deal as ...
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• Quantum Capital Arranges $22 Mil in Two Texas Retail Financing Deals
2/08/16
Quantum Capital has arranged $22.15 mil in long-term, non-recourse debt to refinance regional shopping centers in Texas, in two separate deals. The transactions were made on behalf of different, L.A.-based borrowers.
In the...
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• Vegas Area Retail Center Sells in $9.5 Mil Deal
2/05/16
Sunset Plaza, a 34.2k sf retail property in Henderson, NV, traded hands in a $9.5 mil ($278/sf) transaction. The property is located at 1000-1152 W. Sunset Rd, west of I-515 and Boulder Hwy.
Charles Moore, CSM, Marlene Fujit...
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• Fort Worth, TX Multifamily Property Trades Hands
2/03/16
The Brazos on Hulen, a 100-unit multifamily community in Fort Worth, TX, traded hands between investment entities. The price was not disclosed.
The property is comprised of 28 one-bedroom units, 56 two-bedroom/two-bath units...
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• Vestar and Oaktree Acquire 623k sf Utah Retail Property
2/03/16
A joint venture of Vestar and an Oaktree Capital Management LP-managed fund has acquired a 623.2k sf, open-air retail and entertainment center within The Gateway, in the heart of downtown Salt Lake City. The price was not di...
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• Mountain Creek View Apartments Buys 100-Unit TX Multifamily Asset
2/01/16
Mountain Creek View Apartments LLC purchased Highland Hills, a 100-unit multifamily community in Dallas, TX. The price was not disclosed.
The garden-style community is located in the southern region of Dallas County and offe...
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• Boutique Aspen, CO Hotel Refinanced with New 10-Year, $10 Mil Loan
2/01/16
HayMax Capital has obtained a $10.23 mil refi loan on Hotel Aspen, a boutique hotel located at the entrance to Aspen, CO’s bustling downtown. HayMax Capital is an Aspen-based real estate development firm focused on boutique h...
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• Plastic Express Preleases 395k sf at Texas Distribution Development
1/28/16
California-based Plastic Express has preleased 394.5k sf of Phase II at Port 225, a 1.45 msf, multi-phase industrial development in Pasadena, TX. The project, situated near the Port of Houston, is being built by Clarion Partn...
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• MultiView Renews 110k sf HQ Space in Irving, TX
1/27/16
MultiView Inc agreed to a 109.6k sf lease renewal for the digital marketing company’s corporate headquarters in the Dallas area. The firm is at One Panorama Center, located at 7701 Las Colinas Ridge in Irving.
One Panorama ...
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• TriGate Capital Closes Houston Office Buy
1/26/16
TriGate Capital has purchased Northbelt Office Center II, a 124k sf office property in Houston. The asset was sold by C-III Asset Management, a special servicer that took control of the property via foreclosure in April 2014....
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• Vestar Awarded Management Assignment for 430k sf AZ Retail Center
1/26/16
Vestar has been awarded the management assignment for The Groves, a 431.3k sf, community entertainment shopping center located in Tempe, AZ. The Groves is conveniently located near the I-10 Fwy and Elliott Rd in the East Vall...
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• Laurus Acquires 292-Room, CO Ski Resort from Lowe Enterprises Investors
1/26/16
Laurus purchased the 292-room Vail Cascade Resort & Spa in Vail, CO from a Lowe Enterprises Investors investment client. The transaction was financed with an $85.6 mil acquisition loan.
Located at 1300 Westhaven Drive, Vail ...
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