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March 28, 2024
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TEXAS/SOUTHWEST NEWS
Archive
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• BH Properties Completes 280-Unit AZ Multifamily Buy
8/02/12
BH Properties has acquired Smoke Tree Apartments, a 280-unit multifamily property in Phoenix, AZ, for approximately $7.25 mil ($25.9k/unit). The property is the company’s seventh apartment acquisition in the Phoenix area in t...
more » 

• Single-Tenant Vegas Property Sells for Over $400/sf
7/31/12
A NNN-leased, single-tenant retail property in Las Vegas recently sold for $5.5 mil, or about $417/sf, in an all-cash deal. The 13.2k sf asset, situated on 1.35 acres at 4211 Paradise Rd, is fully occupied by Destination XL, ...
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• NorthMarq Arranges $21 Mil on CO and UT Apartment Complexes
7/30/12
NorthMarq arranged combined first mortgage refinancings in the amount of $21.25 mil for two market-rate multifamily properties containing a total of 354 units. NorthMarq’s Mark Grace arranged the deals, on properties in Colo...
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• Unique AZ Mountain Resort Hits the Market
7/27/12
We just learned of a unique resort property listing to hit the market, as Eastdil Secured and C-III Realty Services have been retained as advisors for the owner in the sale of the Pointe Hilton Tapatio Cliffs Resort, a 584-su...
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• Phoenix Circle K Gas Property Fetches Over $700/sf
7/23/12
A single-tenant, NNN leased retail property occupied by a Circle K Gas & Convenience store in Phoenix, AZ sold for $2.285 mil ($737/sf). Built in 1987, the property totals 3.1k sf and is located at 1901 West Cactus Rd, east o...
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• Holland Partners Finances CO Multifamily Asset with $34.5 Mil
7/23/12
Vancouver, WA-based Holland Partner Group has obtained $34.5 mil in financing for Legacy Heights, a 384-unit apartment property in Federal Heights, CO. The Freddie Mac money was arranged by Jim Rice, Executive Vice President,...
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• Phoenix Office Tower Earns LEED® for Existing Building – Operations and Maintenance certification
7/13/12
2800 Tower, a 21-story, 364.5k sf office tower in Midtown Phoenix, has achieved LEED® for Existing Building – Operations and Maintenance certification, ending a one-year chase for the prestigious sustainability prize from the...
Price: $4.99
Executive Subscriber Price: Free
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• URS Center in Denver Wins TOBY Award for Outstanding Building of the Year
7/11/12
Denver’s URS Center, a Class A office building located at 8181 East Tufts Ave, has won the prestigious International TOBY Award for “Outstanding Building of the Year” in the category of 100,000 to 249,999 square feet. The bui...
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• Vegas Industrial Buy is Voit Real Estate Services’ First Investment in More than Five years
7/10/12
Voit Real Estate Services has acquired Cheyenne Technology Center (formerly called North Port Business Center), a 172.3k sf industrial business park in North Las Vegas, for $11.9 mil ($69/sf), in the company’s first investmen...
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• Griffin Capital Corp Buys Denver Office Property
7/09/12
Griffin Capital Corp paid $16.1 mil for a three-story, 131k sf ($123/sf) office property in Denver fully occupied by The Travelers Indemnity Company ("Travelers Indemnity"). The property serves as the Travelers Indemnity Regi...
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•  GSP Arranges $15 Mil in Financing for Recent CO Apartment Buy
7/05/12
George smith Partners arranged financing for the acquisition and rehabilitation of Wellshire Arms Apartments, a 107-unit, upscale multifamily high-rise in Denver, CO. The 103k sf, 12-story property, located in the city’s hist...
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• Adam Finkel Joins Phoenix Office of Johnson Capital
7/03/12
Adam Finkel has joined Johnson Capital’s Phoenix office as Vice President. In his new position, Finkel will be originating debt and equity for commercial real estate property owners. Finkel comes to Johnson Capital after f...
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• CIP Invests $4 Mil in 153k sf Las Vegas Industrial Property
6/28/12
CIP Real Estate has acquired a 153k sf Las Vegas industrial property located immediately south of McCarran International Airport. The property, which CIP acquired in a joint venture with a real estate investment fund managed...
Price: $4.99
Executive Subscriber Price: Free
more » 

• Pathfinder Partners Closes on Denver and Long Beach Multifamily Buys
6/28/12
San Diego-based Pathfinder Partners LLC recently closed on two multifamily acquisitions, in Denver, Colorado, and Long Beach, California. The properties have a combined 147 units and bring Pathfinder’s number of deals so fa...
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• Johnson Capital of CO Sells Portion of Servicing Portfolio to CBRE Group
6/22/12
Johnson Capital of Colorado (JCOC) has entered into a definitive agreement to sell the portion of the company’s servicing portfolio owned by the Denver office to CBRE Group Inc. With the Denver office now 100% controlled by ...
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• Newmark Realty Capital Arranges $15.6 Mil on AZ Medical Office Building
6/20/12
Newmark Realty Capital arranged $15.6 mil in financing on a 150.9k sf medical office building in Scottsdale, AZ. The three-story, Class B building is owned by Coventry Health Care, the borrower, and is situated along Scottsda...
more » 

• CBRE Group Arranges Financing for Salt Lake City Res Development
6/18/12
CBRE Group Inc (CBRE), through its direct HUD FHA lender, CBRE HMF Inc (CBRE HMF), arranged construction financing for the Brick Stone Apartments on Main, a market rate housing development located in South Salt Lake, UT. The...
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• 432-Unit Phoenix Apartment Community Hits the Market
6/15/12
Here’s an opportunity for a significant multifamily investment acquisition in Phoenix, as Marcus & Millichap is shopping Arcadia Cove, a 432-unit apartment complex in the city. The listing price of $47.25 mil equates to $1094...
more » 

• Johnson Capital Arranges $7 Mil on AZ Multifamily Asset
6/13/12
Neal Churney, CCIM, Senior Vice President in Johnson Capital’s Phoenix office, has arranged a $7 mil loan for an apartment complex in Mesa, AZ. Churney was engaged by the owner, a California-based investment group, to arrang...
more » 

• Bernards Named as a General Contractor for Mesa, AZ Master-Planned Community
6/08/12
Bernards has been named as one of several general contractors for Eastmark, a new master-planned community in Mesa, AZ. The company will oversee the grading operations of the first 11 neighborhoods in the 2,400-acre, multi-p...
Price: $4.99
Executive Subscriber Price: Free
more » 



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