| Balfour Pacific Capital Closes $42 Mil Office Buy in Phoenix
Balfour Pacific Capital Inc, out of Vancouver, B.C., Canada, acquired the iconic Phoenix Corporate Tower, a 457.9k sf, high-rise in Phoenix, for $42.34 mil ($92/sf). The 25-story building, located at 3003 N. Central Ave in Mi...
| Arrimus Captial Acquires 182-Bed Student Housing Facility in Austin
Arrimus Capital has purchased Villas on 26th, a luxury student housing community located near the University of Texas in Austin, TX. The property was sold by TX-based Zucker Properties, the original developer of the property....
| Investor Spends $13.5 Mil on 600 Acres of Land in Colorado
A 602-acre site in Platteville, CO was purchased for $13.5 mil by an undisclosed buyer in what we’re told is the largest land transaction in Weld County within the last three years. The site is located one mile west of Hwy 85...
| AZ Popeye’s Goes for $636/sf
A 2.2k sf Popeye’s Louisiana Kitchen in Phoenix sold for $1.4 mil ($636/sf). The property, located at 6540 W. Thomas Rd, was purchased by Williams Real Estate Holdings LLC of Bend, OR.
Built in 2007, Popeye’s is located on ...
| Unique Corp HQ Property in Las Vegas Hits the Market
We thought we’d share this news of an interesting property in Las Vegas to hit the market. The listing is for the Zappos.com corporate headquarters property in downtown Vegas.
Situated on 7.31 acres at 400 Stewart Ave, the...
| AZ Residential Community Gets New Owner in $84 Mil Transaction
Broadstone Roosevelt Row, a new, 316-unit Class A, luxury rental community centrally located in the heart of Downtown Phoenix’s iconic Roosevelt Row Arts District, changed hands in an $84.2 mil ($266.5k/unit) transaction. Th...
| Founders Properties LLC Spends $10 Mil on AZ Office Building
Minnesota-based Founders Properties LLC paid $10.06 mil for a two-story, 63.8k sf ($158/sf) Class A office building located within Inverness Commons Business Park, in the hub of Mesa, AZ’s booming Higley Road medical corridor...
| Utah Retail Center Sells in $48 Mil Deal
The Family Center at Riverdale, a 427.8k sf shopping center in Riverdale, UT, sold for $48.2 mil, or $113/sf. The City of Riverdale is part of the Ogden-Clearfield market and is six miles from Ogden and 35 miles from downtow...
| JLL to Acquire HFF in $2 Bil Deal
Real estate services firm JLL has agreed to acquire HFF in a deal worth about $2 bil in cash and stock. The deal, valued at just over $49 per share for HFF’s stock, still needs HFF shareholder approval. Both companies’ boards...
| Nourison Industries Leases 121k sf in North Las Vegas
New Jersey-based Nourison Industries, a leading floor covering and home accents manufacturer, has selected North Las Vegas as its regional distribution facility – signing a long-term lease for approximately 121k sf. Nourison ...
| StarPoint Properties Acquires 346-Unit Multifamily Property in Texas
StarPoint Properties has acquired Legends at Chase Oaks, a 346-unit Class A multifamily community in the high-growth city of Plano, TX. The price was not disclosed.
Built in 1997, the Legends at Chase Oaks consists of 32 two...
| CVS Pharmacy Property in Arizona Goes for $340/sf
A 13.2k sf, single-tenant freestanding property fully occupied by CVS Pharmacy in Prescott, AZ, sold for $4.49 mil ($340/sf). Built in 2015, the property is located on 1.96 acres at 901 Willow Lake Rd.
The property, situa...
| New AZ Industrial Complex Sells for $27 Mil
AZ|60 Industrial, a two-building, 225.6k sf industrial asset in Gilbert, AZ, was acquired for $27 mil ($120/sf) by U.S. Trust, Bank of America Private Wealth Management, on behalf of a family office. The brand new core, state...
| 1.1 msf Phase 1 Completed at 215-Acre, AZ Industrial Development
Construction has been completed on Ten Distribution Center Phase I, a 1.1 msf, spec industrial development in Phoenix. The project, a development of Irwin G. Pasternack AIA + Associates PC, was built by Graycor Construction C...
| DeBartolo Refinances New San Antonio Res Project with $58 Mil Bridge Loan
DeBartolo Development has obtained $58.4 mil in bridge on Infinity at the Rim apartments, a new 310-unit multifamily project in San Antonio. The loan, arranged by Greystone, will enable DeBartolo to pay off the initial constr...
| TruAmerica Multifamily Spends $72 Mil on 312-Unit Denver Res Community
TruAmerica Multifamily has acquired two multifamily assets, in Denver, CO and Orlando, FL, in separate transactions totaling over $126 mil. One of the acquisitions is for Loretto Heights, a 312-unit apartment community in Den...
| LGE Design Build and Clarius Partners Break Ground on AZ Biz Park
Phoenix-based LGE Design Build, in partnership with Clarius Partners LLC, has broken ground on The HUB at Goodyear in Phoenix’s West Valley. Totaling 791k sf, the project is designed to satisfy the strong demand for warehouse...
| Lennar Homes Buys Former P.F. Chang’s HQ Property in Scottsdale
Miami-based Lennar Homes has acquired the former P.F. Chang’s headquarters in Scottsdale, AZ, for $12 mil. The property, located at Miller Rd and Pinnacle Peak Rd, was sold by Scottsdale-based P.F. Chang’s.
Lennar Homes plan...
| Two Signings Take Half of 100k sf AZ Flex/Industrial Facility
There have been two recent signings, totaling 50k sf, at Chandler Crossroads, a 100k sf flex industrial building at the corner of Gilbert and Queen Creek Roads in Chandler, AZ. This leaves 50k sf still available for lease at ...
| Sterling Real Estate Partners Boosts TX Res Portfolio with 230-Unit Buy
Sterling Real Estate Partners has acquired Sierra Ridge Apartments, a 230-unit complex in San Antonio, TX, for $16.5 mil ($71.7k/unit). In the last 12 months, Sterling has acquired four properties totaling over $100 mil in ce...