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• Brownsville, TX Multifamily Buy Financed with $4.3 Mil Loan
1/25/24
In a recent multifamily financing deal out of Brownsville, TX, BridgeCore Capital provided a $4.3 mil acquisition loan for the purchase of a 60-unit apartment property. The asset was acquired by an experienced real estate inv...
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• Newmark Lands Leasing Assignment for 1.2 msf Plaza of the Americas Complex in Dallas
1/25/24
Newmark was awarded the leasing assignment for Plaza of the Americas, a 1.2 msf, mixed-use complex in Dallas. The asset is owned by a joint venture between Glen Park Capital and Shelbourne, a New York-based commercial real es...
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• Stockbridge Capital Group Sells 1.7 msf Light Industrial Portfolio to Two Buyers
1/25/24
Stockbridge Capital Group has sold a 1.7 msf multimarket light industrial portfolio known as Project RedHawk. The portfolio was sold in four separate transactions to two different buyers between December 2023 and January 2024...
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• Texas Medical Office Property Sells for $930/sf
1/24/24
A 1031 exchange private investor from Texas paid $7.44 mil for an 8k sf ($930/sf) medical office property in Watauga, TX, a suburb of Dallas-Fort Worth. The property sits on just over one acre at 7748 Denton Hwy.
The propert...
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• Commercial Real Estate Financing Briefs
1/23/24
GREYSTONE -- has provided a total of $79.125 mil in Fannie Mae (DUS®) loans to refinance three multifamily properties totaling 939 units in and around Tucson, AZ. The financing was originated by Greystone’s Dan Wolins on beha...
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• Local Investor Buys New Conoco-Occupied Property in Las Vegas
1/23/24
A local private investor paid $7.07 mil for a newly developed Conoco-occupied property located at 8880 S Rainbow Blvd in Las Vegas. The 3.5k sf structure sits on 0.77 acres and has a new 20-year, absolute NNN lease in place ...
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• TriColor Auto Group Preleases New 258k sf AZ Industrial Project
1/23/24
TriColor Auto Group has agreed to pre-lease a new, 258k sf Class A industrial development in Surprise, AZ. TriColor, an online auto sales and financing company, expects to bring up to 500 new jobs to the area.
The building, ...
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• AZ Build-to-Rent Development Lands $66 Mil Bridge Loan
1/22/24
Bela Flor Communities has obtained a $66 mil bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, AZ. Over half of the units are leased and occupied at the property, which recently complete...
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• Basis Industrial Buys 161k sf TX Industrial Park
1/22/24
Basis Industrial purchased Blue Smoke Portfolio, a 161.4k sf, shallow-bay infill industrial park with 1.5 additional acres of land in Fort Worth, TX. The price was not given out.
The portfolio includes eight multi-tenant bui...
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• The Bascom Group Closes First Acquisition in Albuquerque
1/19/24
The Bascom Group LLC has acquired the Overlook Apartments, a 344-unit, garden-style multifamily property in Albuquerque, NM. Built in 1988, the property is located at 6200 Eubank Blvd, just south of Academy Rd.
Located withi...
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• Capstone Advisors Spends $28 Mil on Two AZ Acquisitions
1/19/24
Capstone Advisors recently closed on two acquisitions in deals totaling $28 mil. One of the properties is an urban core retail and entertainment property in Tempe while the other is a flex industrial building in Phoenix.
Th...
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• Hyde Development and Mortenson Properties Purchase 592k sf Denver Industrial Portfolio
1/19/24
Peoria Business Center, a three-building, 592.6k sf industrial portfolio in Denver, was acquired by a partnership of Hyde Development and Mortenson Properties. The properties, located at 12330 E. 46th Ave, 12360 E. 46th Ave a...
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• Texas Single-Tenant Asset Goes for $162/sf
1/18/24
In a retail, single-tenant trade out of Texas, a San Antonio-based private investor paid $10.26 mil for a newly developed, 63.2k sf ($162/sf) property occupied by Academy Sports + Outdoors. Situated on approximately six acres...
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• UDLR Healthcare Buys AZ Medical Property in $13.5 Mil
1/18/24
UDLR Healthcare purchased Thunderbird Medical Pavilion, a 92.8k sf, mission-critical, on-campus medical property in Glendale, AZ, for $13.5 mil ($145/sf). The property, located at 5757 Thunderbird Rd, was sold by Banner Healt...
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• Prairie Hill Holdings Buys AZ Grocery-Anchored Center for $27.5 Mil
1/18/24
Prairie Hill Holdings acquired Rillito Crossing, a 96.4k sf, grocery-anchored retail center in Tucson, AZ, for $27.5 mil ($285/sf). The asset was sold by Epic Real Estate Partners and Centerbridge.
Completed in 2008, Rillito...
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• CA Investment Entity Buys TX Office Building
1/17/24
A CA-based family-owned investment entity bought Parkway Centre IV, a 153.2k sf office building located along the Dallas North Tollway in Plano, TX. The price was not disclosed.
Located at 2701 Dallas Pkwy, the property is s...
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• CapRock Partners Acquires 250k sf AZ Industrial Asset
1/16/24
CapRock Partners acquired a new 249.8k sf, Class A industrial building along Phoenix’s Loop 202 freeway. During the acquisition process, CapRock secured two undisclosed high-quality tenants resulting in the property being 100...
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• AZ Res Dev Site Trades for $1.72 Mil
1/16/24
A 22-acre residential development site in San Tan Valley, AZ sold for $1.72 mil. The property is located at the southeast corner of Schnepf Rd and Hash Knife Draw Rd.
The buyer was BC Invest LLC, an investor and residential ...
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• AZ Medical/Office Building Trades in $9.3 Mil Deal
1/16/24
Woodside, a Texas-based investment firm, paid $9.325 mil for Talavi Corporate Center, a 153.3k sf ($61/sf), three-story office and medical office property in Glendale, AZ, in an all-cash purchase. The property was sold by Reg...
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• Phoenix Industrial Portfolio Acquired in Separate Deals with Two Buyers
1/15/24
A two-building, last mile industrial portfolio totaling 491.2k sf in Phoenix was sold in deals to separate buyers. The portfolio comprises Canal Crossing, a single-tenant building totaling 155.1k sf on 10 acres, and Riverside...
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