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• AZ Office Buy Funded with $59 Mil Bridge Loan
9/20/19
Camelback Esplanade III, a 218.4k sf, Class A office building in metro Phoenix’s Camelback Corridor was recently acquired by a venture between Transwestern and an institutional partner. The purchase was funded with a $59.47 m...
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• Investor Nabs Two AZ Multifamily Properties for $4.66 Mil
9/18/19
Anaconda Capital Group LLC has acquired two multifamily properties totaling 76 units in Glendale, AZ for a combined price of $4.66 mil.
In one of the deals, Anaconda paid $2.67 mil for Bethany West, a 48-unit ($55.6k/unit) g...
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• AZ Retail Building Trades for $3.75 Mil
9/17/19
An 8.5k sf, multi-tenant retail building in Surprise, AZ sold for $3.75 mil, or $441/sf. The property is located at 15261 N. Reems Rd and is part of the larger Greenway Marketplace center.
The building is leased to Dairy Que...
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• New Class A Res Community in Glendale, AZ Sells for $78.5 Mil
9/17/19
Summerly at Zanjero, a 340-unit, Class A multifamily property in Glendale, AZ, sold for $78.5 mil ($231k/unit). The asset was sold by Fore Property to an unnamed private investor.
Located at 7375 N. Zanjero Blvd, in the Pho...
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• Investors Spend Over $10 Mil in Separate Transactions for Parts of AZ Retail Center
9/16/19
Two retail properties within Elliot Plaza, a 147.5k sf shopping center in Tempe, AZ, have sold in separate deals totaling $10.45 mil. The assets were sold by Phoenix-based The Niki Group/ Unified CRE Investors.
Elliot Plaza ...
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• Salt Lake City TOD Project Lands Preferred Equity Money
9/16/19
Salt Lake City-based Boulder Ventures Development Inc is closer to starting construction of Upper West, a 207-unit, Class-A, transit-oriented, multi-housing project in the suburban Salt Lake City community of West Jordan, UT....
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• Canadian Buyer Pays $119/sf for AZ Office Property
9/12/19
A Toronto, Canada-based limited partnership paid $2.65 mil for a 22.2k sf ($119/sf), office building in Phoenix’ Camelback Corridor. The building, located at 2901 E. Camelback Rd, was sold by a company formed by Phoenix-based...
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• Owner/User Pays $13 Mil for AZ Warehouse/Manufacturing Facility
9/11/19
Mygrant Glass paid $13.15 mil for a 130.3k sf ($101/sf), warehouse and manufacturing building in Tempe, AZ. Mygrant will take occupancy of the facility, located at 550 W. Southern Ave, later this year.
The property was sold ...
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• 211-Unit Res Asset in McKinney, TX Gets a New Owner
9/10/19
St. Paul’s Square at Adriatica Village, a 211-unit apartment complex with 9.8k sf of retail in McKinney, TX, was acquired by Draper and Kramer. The deal value was not disclosed.
Constructed in 2015, the property is positione...
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• AZ Industrial Infill Building Sells for $126/sf
9/10/19
A 128k sf industrial infill building in Tempe, AZ that is fully leased by the world’s largest express transportation company traded hands in a transaction priced at $16.2 mil, or $126.50/sf. The buyer was an out-of-state part...
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• Grocery-Anchored Center in the Phoenix Area Trades for $9 Mil
9/10/19
Ahwatukee Mercado, a 54k sf, grocery-anchored shopping center in Phoenix’s Ahwatukee Foothills Village district, sold for $9 mil, or $167/sf. The property, located at at 4623 and 4747 E. Elliot Rd, at the southwest corner of ...
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• Vegas Retail Listing Expected to Fetch Around $60 Mil
9/06/19
Silver City Plaza, a 41.6k sf retail center located at the epicenter of more than $10 bil of development activity on the Las Vegas Strip, has been listed for sale. The fully leased asset features five tenants including: Ross ...
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• Mixed-Use / Res Project Started in Downtown Phoenix
9/06/19
High Street Residential, the residential subsidiary of Trammell Crow Company, and its joint venture partner, a fund sponsored by CBRE Global Investors, have commenced construction on the first phase of The Fillmore, a mixed-u...
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• Newmark Realty Capital Arranges $25 Mil for Two Mobile Home Communities
9/04/19
Newmark Realty Capital has arranged $25 mil in financing for mobile home communities in Truckee, CA and Kyle, TX.
Coachland RV Park, located 20 minutes north of Lake Tahoe, is a 229-space, all ages mobile home and RV commun...
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• Vegas Industrial Properties Sold for $117 Mil
9/04/19
In major industrial investment news out of Las Vegas, 10 fully leased industrial buildings were sold by a private family trust for a total price of $117 mil. The buildings were acquired by Invesco Real Estate and TA Realty Ad...
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• Class A Industrial Project Started in Goodyear, AZ
9/03/19
New York-based Foundation Capital Partners (FCP) and Chicago-based Baker Development Corporation (BDC) have broken ground on a two-building, Class A industrial project called VB/143. Located in the heart of Goodyear, Arizona,...
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• ConAm Group Spends $56 Mil on AZ Multifamily Community
9/03/19
ConAm Group purchased Trillium 44, a 297-unit, Class A multifamily community in Phoenix, for $56 mil ($189k/unit). The asset was sold by Trillium Residential.
Located at 111 N. Dupont Circle in central Phoenix, Trillium 44 i...
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• Phoenix Retail Portfolio Sells in $21.5 Mil Deal
8/30/19
A retail portfolio comprising four metro Phoenix retail assets totaling 29k sf and three fully improved developable retail pads in Phoenix’s West Valley traded in a $21.45 mil transaction. An unnamed private family trust acqu...
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• AZ Biz Park Traded for $13.25 Mil
8/29/19
Scottsdale Airpark Corporate Center, a 101k sf, three-building flex office project in Scottsdale, AZ, was acquired by Hayden AWS Properties LLC and Dunbar SACC LLC in a recent $13.25 mil ($131/sf) transaction. The asset is lo...
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• Tide Equities Has The Edge in the Phoenix Multifamily Market
8/29/19
Tides Equities LLC has acquired The Edge, a 380-unit multifamily community in Phoenix, for $57.3 mil ($151k/unit). The property, located at 15202 N. 40th St in North Phoenix, was sold by Baron Properties.
The Edge is compris...
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