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March 29, 2024
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TEXAS/SOUTHWEST NEWS
Archive
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• Data Center Real Estate Activity Continues to Grow
9/01/22
This summary of a just-released report from real estate services firm JLL was provided by Amber Schiada, Head of Americas Data Center Research at JLL Emerging from the pandemic, it’s clear the world of work is adapting to th...
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• Activity Update from 1,700-Acre Utah Biz Campus
8/31/22
Here’s an activity update about Lakeview Business Park, a brand new, 1,700-acre state-of-the-art warehouse, manufacturing, office and commercial project in Grantsville, UT that is owned by The Romney Group. Situated on more t...
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• Nolan Bushnell to Keynote California MBA’s 2022 Western States CREF Conference Sep 7- 9 in Las Vegas
8/30/22
California MBA is holding its 2022 Western States CREF Conference on Sep 7 through Sep 9 at the Aria Resort & Casino in Las Vegas. This three-day conference is packed with highly valuable networking and educational opportunit...
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• BentallGreenOak Spends Over $109 Mil for AZ Distribution Facility
8/29/22
BentallGreenOak purchased a fully leased 730.8k sf Class A big-box distribution building on over 46 acres in Goodyear, AZ for $109.2 mil ($149/sf). Newly constructed in the first quarter of 2022, the property referred to as L...
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• Bio Huma Netics Buys 40k sf Building in Tempe, AZ
8/26/22
Bio Huma Netics Inc paid $10.5 mil for a 40.2k sf ($261/sf), freestanding warehouse building in Tempe, AZ. The building, situated on 3.3 acres at 3001 South Wilson St, was sold by Tempe-based Phoenix Plastics Products. Built...
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• Sares Regis Group Closes on 386-Unit Multifamily Purchase in the Denver Area
8/24/22
Sares Regis Group has acquired Terracina Apartments, a 386-unit multifamily property in Broomfield, CO. The firm has obtained $139.9 mil in first mortgage money from Mesa West Capital for the acquisition and repositioning of ...
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• Kennedy Wilson Picks Up 260-Unit Multifamily Property in Albuquerque NM
8/24/22
Kennedy Wilson has acquired Cantata at the Trails, a 260-unit apartment community in Albuquerque, NM. Cantata at the Trails is the fifth addition to the company’s rapidly expanding Albuquerque property portfolio, which has gr...
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• Denver Storage Yard Property Generates $19 Mil Price
8/23/22
New York-based IG Logistics LLC and Meadow Partners have acquired a 26.7-acre industrial storage yard/trailer site in central Denver for $19 mil. Located at 409 West 66th Ave, the vacant property is zoned for outside storage ...
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• Multifamily Community in Surprise, AZ Sells for $85 Mil
8/23/22
Villas at Mountain Vista Ranch, a 256-unit, value-add multifamily community in the Phoenix suburb of Surprise, was sold in a deal worth $85 mil, or $332k/unit. Built in 2003, Villas at Mountain Vista Ranch is a garden-style...
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• Phoenix Office Building Gets New Owner in $8.2 Mil Deal
8/23/22
A 46.6k sf, multi-tenant office building in Phoenix sold for $8.2 mil ($176/sf). Located at 4545 E Shea Blvd, the two-story property is 90% leased to a synergistic mix of tenants. Originally built in the mid-1980s and renov...
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• SecureSpace Self Storage Buys 11-Property Portfolio Totaling 6,550 Units
8/22/22
In a national self-storage buy, SecureSpace Self Storage acquired an 11-property, best-in-class self-storage portfolio totaling 6,550 units in three high-performing real estate markets: the San Francisco Bay Area; Portland, O...
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• Rockworth Companies and the Gasser Family to Start Construction on 336-Unit Multifamily Project in Meridien, ID
8/19/22
Construction of Village Apartments, a Class A, 336-unit apartment development in Meridien, ID, is expected to begin in the coming months with completion anticipated for fall 2024. The project, a development of a joint venture...
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• Avison Young to Acquire CRE Industry Service Lines from Madison Marquette
8/19/22
Avison Young has signed an agreement to acquire Madison Marquette’s office and industrial property management, agency leasing and project management service lines. The trio of services will operate under the Avison Young bran...
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• LPC Desert West Buys 86 Acres in North Las Vegas for Industrial Development
8/19/22
LPC Desert West, the Southwest division of Dallas-based Lincoln Property Company, has completed an 86-acre land acquisition in North Las Vegas for the development of Windsor Commerce Park. At eight buildings and almost 1.6 ms...
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• New 1.75 msf Logistics Development Gets Underway in Phoenix’s Loop 303 Corridor
8/18/22
Merit Partners, First Industrial Realty Trust and Diamond Realty Investments have broken ground on Phase One of C|303, a Class A modern industrial logistics park situated in the heart of metro Phoenix’s Loop 303 industrial co...
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• Federal Realty Investment Trust Closes $53 Mil Office Buy in Scottsdale
8/17/22
Federal Realty Investment Trust paid $53.6 mil for Scottsdale Forum, a 214k sf ($251/sf), Class A office building in Scottsdale, AZ. The property was sold by CapRidge Partners. Recently renovated, Scottsdale Forum is a trop...
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• Investors Nab Two Colorado Springs Retail Centers in $13.85 Mil Worth of Deals
8/17/22
Two shopping centers in Colorado Springs, CO traded hands in separate deals totaling $13.85 mil. A Colorado-based private investor acquired Springs Ranch Shopping Center for $8.3 mil, while a San Diego-based 1031 exchange inv...
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• Development Site in the Denver Tech Center Submarket Goes for $23 Mil
8/15/22
A 6.31-acre site in the heart of the Denver Tech Center submarket traded hands for $23 mil. The land, which was sold by a joint venture between EverWest and Independencia Asset Management, will be used for the planned develop...
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• New 217-Unit TX Apartment Complex Purchased by The Jacobson Company
8/12/22
In an off-market deal, The Jacobson Company purchased Atlantica at Burleson, a new, 217-unit Class A multifamily community in the Fort Worth, TX submarket of Burleson. The property is located at located at 285 SE John Jones D...
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• Investor Exchanges into 82k sf AZ Retail Property
8/12/22
A CA-based 1031 exchange investor paid $12.27 mil for Fiesta Mercado Shopping Center, an 82.4k sf ($149/sf), grocery-anchored property in Tucson, AZ. The property is located at 2930 to 2980 S. 6th Ave, just east of the conflu...
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