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March 25, 2023
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TEXAS/SOUTHWEST HEADLINES
Aspen Hospitality Buys Partial Ownership of Hotel Born in Downtown Denver
3/24/23
Firm to convert property to its Limelight brand

Montecito Medical Real Estate Spends $29 Mil on AZ Medical Building
3/22/23
68k sf Banner Health Center – Peoria goes for $426/sf

Two-Building AZ Industrial Project Sells for $40 Mil
3/23/23
Chandler Crossroads I & II contains 216k sf of Class A space

The Mogharebi Group Opens New Offices in Las Vegas, NV and Albuquerque, NM
3/22/23
Bill Ketcham and Robert Gallegos have been retained to lead the two offices



Cougar USA Leases 46k sf Facility in Houston
3/22/23
Building offers high percentage of office space needed by the tenant

BKM Capital Partners Completes Purchase of 740k sf Light Industrial Portfolio in Las Vegas.
3/22/23
Firm to implement value-add improvements to the seven-property, 21-building acquisition

Cushman & Wakefield Awarded Office Leasing Assignment for Cherry Creek West in Denver
3/21/23
Project is East West Partners’ redevelopment of 13 acres adjacent to Cherry Creek Shopping Center

CapRock Partners Buys 131k sf Class A Industrial Facility in Phoenix
3/20/23
Building was pre-leased to Metrie Inc

Vicky Schiff, Dream Unlimited Corp and PaulsCorp LLC Launch Avrio Real Estate Credit
3/16/23
New firm to provide structured finance products ranging from $25 mil to $150 mil

TerraLane Communities and Franklin Mountain Investments to Start Work on Texas Build-to-Rent Community
3/15/23
Venture acquires 94 single-family “finished” lots within the Campo del Sol masterplan in the El Paso area

Work Starts on 380-Unit Colorado Res Community
3/14/23
Legacy Metro 525 is a development of Legacy Partners and Griffin Capital Company

Affordable Mixed-Use Project in Denver Gets Underway
3/13/23
Montbello Freshlo Hub to offer 180 res units along with fresh food options

Stockton Foundation Buys 165-Acre Parcel in Cypress, TX
3/13/23
Site will be used for future home of the Harris County Fair & Rodeo and Fair BBQ Cook-off

Dunleer Picks Up 144-Unit Res Asset in Dallas
3/10/23
The Lex is viewed as a value-add opportunity

AHV Launches Third-Party Built-For-Rent Services®
3/10/23
Firm’s offering provides institutional grade development and homebuilding services to others

Single-Tenant CVS in Texas Sells for $457/sf
3/09/23
CA investor spends over $6 mil for 13.4k sf Fort Worth property

DXD Capital Completes Work on Las Vegas Self-Storage Facility
3/08/23
991-unit development sits on a 1.7-acre parcel acquired two years earlier

Commercial Real Estate Financing Briefs
3/08/23
Recent transactions from CBRE Capital Markets, MetroGroup Realty Finance, JLL Capital Markets and Marcus & Millichap Capital Corporation

Colorado Grease Monkey Fetches $577/sf
3/07/23
Trade is for 5.3k sf asset in Monument

Single-Tenant Retail Building in the Fort Collins, CO Area Sells for $275/sf
3/06/23
9.1k sf property is leased to Dollar General

Event Center Property in San Antonio Goes for Over $5 Mil
3/03/23
GrayStreet Partners buys 25k sf Villita Assembly Building

Reno Hotel Portfolio Trades Hands
3/06/23
Deal is for a Staybridge Suites and Hilton Garden Inn, totaling 229 rooms

Las Vegas Industrial Park Trades for $6 Mil
3/02/23
Private investor picks up 19k sf Windy Road Warehouses

Denver-Based Kentro Group Buys 24 Acres in Colorado for Development
3/01/23
Firm to construct res project on Loveland land.

The Bascom Group LLC and Artemis Real Estate Partners Buy Active Adult Community in Lakewood, CO
3/01/23
Avenida Lakewood offers 230 res units

Construction Underway at 3.9 msf Industrial Development in Aurora, CO
3/01/23
Sun Empire is being developed by a joint venture between The Opus Group and Principal Real Estate Investors

Panattoni Entity To Develop 274k sf Distribution Project in Surprise, AZ
2/28/23
State-of-the-art facility to site on over 16 acres just acquired for $8.5 Mil

Utah Ski Resort/Residence Listed for $50 Mil by Iluminous Group
2/28/23
Avatar Financial Group provides $8.75 mil bridge loan to finish upscale renovations prior to sale

2022 Sets Record for Million sf+ Industrial Leases
2/28/23
Inland Empire named top market in the U.S. according to CBRE report

Austin Res Development Funded with $75 Mil Construction Loan
2/27/23
Knighthead Funding provides money for 182-unit condo project

Las Vegas Land Parcel Sells for $8 Mil
2/24/23
Six-acre site adjacent to the Union Pacific Railroad

Ally Investments Pays $140/sf for Vegas Office Building
2/24/23
109k sf City Centre Place sold by Dornin Investment Group

Frito Lay Leases 200k sf Distribution Space in West Jordan, Utah
2/23/23
Area is seeing growing demand by industrial users

Work Started on Latest Facility at 435-Acre Campus Adjacent to Phoenix-Mesa Gateway Airport
2/23/23
SkyBridge Building 109 is one two 250k sf structures slated to break ground at Gateway Airport in the first half of the year

Leases by Vartega and Alliant Power Bring Denver Industrial Campus to 54% Leased
2/22/23
Recent deals are at 1.15 msf Pecos Logistics Park

WJM Enterprises Starts Multi-Million Renovation of Phoenix Office Campus
2/22/23
Stevens-Leinweber Construction is handling construction work at two-building Lake Biltmore Corporate Center

Work Started on New 123k sf Flex Building for Rinchem Company in Surprise AZ
2/22/23
Facility being built on 21 acres by Graycor Construction

Unique 1,100-Acre Colorado Development Opportunity Put on the Market
2/21/23
Garfield County land features two miles of Colorado River Frontage

Wu Properties Buys 180k sf Northwest Crossing Centre in Houston
2/21/23
Property was 94% leased at time of sale

Tyler Grisham and Maddox Graham Join SRS Real Estate Partners
2/16/23
Duo will help boost firm’s retail services out of its Dallas office



 


 


 


 
 





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