| PRP Recapitalizes FedEx Office Headquarters in Texas
PRP has recapitalized the FedEx Office Headquarters, a 263.6k sf, Class A office building located in the Legacy West submarket of Plano, TX. PRP originally acquired the property at 7900 Legacy Drive in November of 2017 for $7...
| Private Investor Exchanges into Caliber Collision Headquarters in Texas
A 1031 exchange private investor purchased the Caliber Collision Headquarters, a two-story, 80k sf Class A office complex in Lewisville, TX. The price was not disclosed.
Built in 2006 on a 5.8-acre lot and renovated by Calib...
| Investor Spends over $9 Mil AZ Retail Asset
A California-based 1031 exchange investor paid $9.2 mil for a large portion of Wigwam Creek Shopping Center, a 33.8k sf ($272/sf) center in Litchfield Park, AZ. The property, located at 13000 and 12958 W. Indian School Rd, wa...
| MIG Real Estate LLC Buys One-Acre Res Dev Site in Denver
MIG Real Estate LLC has purchased a 1.04-acre development site in Denver, CO. MIG acquired the property from a private seller for $3.4 mil. The site is the first acquisition for MIG’s new Qualified Opportunity Zone Business F...
| Westcore and The Opus Group to Develop 720k sf AZ Industrial Project
Westcore and The Opus Group have teamed up to develop a 720k sf, three-building industrial project on 51 acres of land in Avondale, AZ, a submarket of Phoenix. The Class A project is expected to break ground in October 2020 f...
| MAG Capital Partners LLC Buys 139k sf TX Industrial Portfolio
MAG Capital Partners LLC (MAGCP) has acquired a 139.2k sf industrial portfolio in Haltom City, TX through a long-term, sale-leaseback transaction. A price was not given out.
Located at 5998 Eden Dr, the eight-building, 7.25-...
| Joint Venture Buys Scottsdale Development Site
An investment joint venture purchased a nearly two-acre site in Scottsdale, AZ primarily for land value. The property, which currently houses a 15k sf retail center, sold for $6.65 mil.
The 1.885-acre property, located at 16...
| Draftsmen & Craftsmen
Exactly eight months from its groundbreaking celebration, Lincoln Property Company (LPC) and Harvard Investments have placed the final beam at Union Building One – the first of four Class A office buildings planned at the con...
| Investor Exchanges into Scottsdale Retail Center
An exchange investor paid $3 mil for Northsight Village, an 18.2k sf ($165/sf) retail center in Scottsdale, AZ. Northsight Village is located at 14870 N. Northsight Blvd, off of Raintree Dr and Northsight Blvd. The asset was ...
| AZ Industrial Warehouse Traded Between Similar Owner/User Businesses
DS Electronics bought an 18k sf, freestanding industrial warehouse property in Gilbert, AZ for $2.33 mil ($129/sf). The property is located at 130 N. Pasadena St, west of McQueen Rd and north of Elliot Rd.
DS is an owner/use...
| Phoenix-Area Townhome Community Sells for $450k/Unit
Lyra Residences, an 18-unit luxury townhome rental community in Phoenix, traded for $8.11 mil, or $450.3k/unit. The property, located at 2950 N. 38th St, is comprised of two-story smart homes.
Lyra Residences is situated in...
| Leon Capital Group Readying to Start Work on 202-Unit Upscale Res Project in Scottsdale
Leon Capital Group is preparing to start work on Kierland Apartments, a 202-unit luxury multi-family community in Scottsdale, AZ. The development will include 9.5k sf of amenity space and high-end finishes, providing resident...
| Douglas Allred Company Secures $73 Mil to Start Work on Spec AZ Office Project
Douglas Allred Company has obtained $73.5 mil in financing for development of a 300k sf, Class A spec office project in Chandler, AZ. The funding consists of a $46 mil construction loan from Bank OZK and $27.5 mil in mezzanin...
| AZ Coffee Bean & Tea Leaf Sells for $1,259/sf
A 1.7k sf, single-tenant retail property leased to The Coffee Bean & Tea Leaf in Scottsdale, AZ sold for $2.14 mil ($1,259/sf). The asset, located at 16420 N. Scottsdale Rd, was acquired by Monarch Real Estate Holdings LLC.
| Los Angeles Investor Group Spends $12.8 Mil on 173-Unit AZ Res Property
A Los Angeles-based private investment entity closed on a multifamily buy in Phoenix, paying $12.8 mil for Ocotillo Apartments, a 173-unit apartment community located at 1780 West Missouri Ave, north of Camelback Rd and east ...
| Greenlight Communities Secures $23 Mil in Financing for Phoenix Res Development
Greenlight Communities has obtained $22.9 mil in financing for the development of Cabana on 99th, a 286-unit, garden-style multi-housing project in Phoenix’s Glendale submarket. The financing, arranged by Bryan Clark, Brad Mi...
| Sacramento Investment Entity Spends $6.5 Mil on Utah Single-Tenant, Net Lease Asset
A Sacramento-based private family trust paid $6.57 mil for a 14.5k sf ($453/sf), single-tenant net-leased retail property in South Ogden, UT. The property, located at 6016 South 1550 East, is occupied by a corporate-operated ...
| Wealhouse Capital Management and Western Wealth Capital Land $185 Mil Refinancing on AZ Res Portfolio
A venture between Wealhouse Capital Management and Western Wealth Capital has secured $185.63 mil in refi money on a 1,439-unit Arizona multifamily portfolio. The collateral consists of five properties in the Phoenix area.
| CA Buyer Pays $480/sf for AZ Single-Tenant Property
In a retail investment buy, Vico Partners LLC paid $2.69 mil for a 5.6k sf ($480/sf), single-tenant retail property in Phoenix. The property, located at 15275 North 35th Ave, is NNN-leased to Wilhelm Automotive.
| Draftsmen & Craftsmen
The Southwest Division of Graycor Construction Company has been selected as the general contractor for Phase I of Glendale 303 (G303), a Class A industrial development that, at build-out, will total up to 1.2 msf. The project...