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• Bluerock Real Estate Buys 254-Unit AZ Res Property
2/03/20
In an institutional-quality AZ Res buy, Bluerock Real Estate purchased Avenue 25, a 254-unit multifamily property in Phoenix’ Deer Valley submarket. The property, located at 18250 N. 25th Avenue, was sold by Millburn & Compan...
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• Fourth Class Office Building Completed at AZ Biz Park
1/31/20
Mark IV Capital has delivered its fourth Class A office building at Chandler Freeway Crossing. Dubbed 2625 at Chandler Freeway Crossing, the new structure features Class A, country-club-style amenities and direct freeway fron...
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• PaulsCorp Purchases 464-Unit TX Res Community
1/30/20
Denver-based PaulsCorp LLC acquired The Morgan, a 464-unit multifamily community in Bedford, TX. The asset, located at 1611 Oak Creek Lane, was sold by Transwestern Investment Group (TIG®) and S2 Capital LLC.
TIG and S2 reno...
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• JRK Property Holdings Acquires Marriott Hotel Portfolio in $65 Mil Deal
1/29/20
JRK Property Holdings has acquired a five-property Marriott hotel portfolio in Austin, TX from an affiliate of RLJ Lodging Trust. The acquisition marks the debut purchase originated by the firm’s inaugural $350 mil hospitalit...
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• Clarion Partners Spends $117 Mil on Nevada Biz Park
1/28/20
In a major Nevada investment buy, Clarion Partners LLC purchased Lear Industrial Center, a four-building, business park totaling 1.4 msf in Reno. The Class A, multi-tenant asset was sold by Panattoni Development Company for $...
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• Providence St. Joseph Health Collects $59 Mil from Initial Phase of Portfolio Sale
1/27/20
Providence St. Joseph Health (PSJH) has sold the first phase of a more than 344k sf, 10-property portfolio for roughly $59 mil. The 10 properties are located in the states of California, Washington, Oregon and Montana and ran...
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• Arizona Multi-Tenant Office Building Awarded LEED Gold Certification
1/24/20
Hines’ Offices at Chandler Viridian, a six-story, 252.4k sf Class A office building in Chandler, AZ, has recently earned Gold certification from the U.S. Green Building Council’s LEED® Core and Shell rating system. The struct...
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• Wood Investments Companies Inc Buys 300k sf of Retail Assets in Idaho
1/24/20
Wood Investments Companies Inc acquired two retail properties totaling roughly 300k sf on 3.17 acres in Twin Falls, Idaho. The two properties, Canyon Park East and Canyon Park West shopping centers, are 100%-leased, instituti...
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• Equity Advantage Inc Acquires Phoenix Area Office Building in $11.5 Mil Deal
1/20/20
Equity Advantage Inc purchased Foothills Gateway Corporate Center, a 68.2k sf, upscale multi-tenant office building in Phoenix. The property, located at 4505 E. Chandler Blvd, in the prestigious Southeast Valley neighborhood ...
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• Gelt Inc Spends $145 Mil on Denver Area Res Community
1/20/20
Los Angeles-based Gelt Inc has boosted its Denver area res portfolio with the acquisition of Kallisto at Bear Creek, a 472-unit residential community in Lakewood, CO, for $145.5 mil ($308k/unit). The property is located at 26...
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• Keech Properties Buys 58k sf AZ Office Building
1/17/20
Keech Properties, out of Palo Alto, acquired a 58.1k sf office building in Glendale, AZ for $4.67 mil, or $80/sf. The property, located at 5800 W. Glenn Ave, was sold by the City of Glendale.
The building was 88% leased at t...
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• Vegas Industrial Portfolio Purchased by Nicola Wealth Management
1/17/20
Nicola Wealth Management, an investment firm located in Vancouver, BC acquired a 276.4k sf industrial portfolio in Las Vegas from CapRock Partners and CenterSquare for an undisclosed amount.
The portfolio sale consisted of t...
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• Douglas Allred Company Secures $185 Mil for Three-Building, 352k sf Project in Chandler, AZ
1/16/20
Douglas Allred Company has obtained a $185 mil loan for the recently completed Northrop Grumman Innovation Systems’ campus in Chandler, AZ. The development comprises a three-story, Class A, office building totaling 352.5k sf ...
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• Pathfinder Partners Buys 60-Unit Res Property in Phoenix
1/16/20
Park Paloma – a 60-unit apartment community just south of the Lower Arcadia neighborhood in Phoenix, was acquired for $8.4 mil ($140k/unit) by San Diego-based Pathfinder Partners. Constructed in 1973, the property is located ...
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• AZ Tesla Facility Sells for $340/sf
1/15/20
A 41k sf facility in Scottsdale, AZ occupied by Palo Alto-based Tesla traded hands in a $13.95 mil ($340/sf) transaction. The property, located at 8300 East Raintree, is a free-standing service and delivery facility located i...
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• Pinnacle Healthcare Spends Over $8 Mil in Purchase of AZ Creative Office Building
1/15/20
Oregon-based Pinnacle Healthcare acquired a 26.8k sf, creative office building in Tempe, AZ in an $8.4 mil sale/leaseback ($314/sf) deal. The property is located at 1860 West University, east of Hwy 143.
The building was sol...
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• AZ Retail Center Gets New Owner in $18.5 Mil Deal
1/13/20
The Groves, a 169.6k sf, Walmart shadow-anchored shopping center in Tempe, AZ, traded for $18.5 mil, or $109/sf.
The Groves is located at 1180 W. Elliot Rd, at the northeast corner of Priest Dr and Elliot Rd. The property i...
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• San Antonio Office Complex Acquired by Exchange Investor
1/10/20
A private investor from Texas purchased Parkway Plaza, a five-building, 189.4k sf office property in San Antonio. The property consists of all single-story buildings on 13.7 acres located adjacent to the San Antonio airport i...
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• BH Properties Purchases 60k sf TX Office Building
1/10/20
BH Properties has acquired a vacant four-story, 60k sf office building in Richardson, TX, its second investment in the Dallas/Fort Worth submarket in the past 24 months. The purchase price was not given out.
Built in 1991, 2...
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• Two Phoenix Industrial Properties Acquired for $25 Mil
1/08/20
Phoenix-based Harrison Properties closed out 2019 with the purchase of two North Phoenix industrial parks located in the I-17 Corridor for a total of $25 mil. The two multi-tenant, industrial business parks, Gateway Corporate...
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