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• Draftsmen & Craftsmen
1/19/21
Here’s news from a Western US state we don’t report about much – Alaska. In Anchorage, architecture firm Perkins&Will has completed the modernization and expansion of the former Key Bank Plaza building in the city’s downtown ...
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• Toda America Dublin Down on Tri-Valley Office Market
1/18/21
Hites Plaza, a 120.2k sf, Class A office building in the Bay Area’s Tri-Valley region, was acquired by Toda America for $34.7 mil, or $289/sf. The four-story building is located at 5601 Arnold Rd, north of I-580 and east of I...
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• AZ Single-Tenant Industrial Facility Acquired for $16.35 Mil by Stos Partners
1/18/21
Stos Partners has acquired its first property in the Phoenix Metro area with the acquisition of a 227k sf, single-tenant, industrial asset in Tolleson, AZ. The property was acquired all-cash off-market from a private seller f...
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• Boyd Watterson Asset Management Buys 68k sf CO Office Asset
1/15/21
A 67.6k sf, Class A multi-tenant office asset in Colorado Springs, CO traded for $11 mil, or $163/sf. Cleveland-based Boyd Watterson Asset Management acquired the asset from Denver-based Flywheel Capital.
The property, loca...
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• Westport Properties Merges with Vertex Investments
1/14/21
Westport Properties, an OC-based owner/operator of self storage facilities nationally under the brand US Storage Centers, announced that it has merged with Vertex Investments, a Denver-based, privately held real estate invest...
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• MDH Partners Buys 41 Acres in AZ for Spec Development
1/14/21
MDH Partners has purchased 41 acres in Goodyear, AZ, with plans to construct a two-building, speculative industrial project called Gateway 303. The price of the land was not disclosed.
Located at the northwest corner of Loop...
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• Alturas Capital Partners Picks Up Flex/Office Asset in Arizona
1/13/21
Alturas Capital Partners closed on an investment, paying $16.6 mil for Allred Airport Center, a two-building, 94.5k sf ($175/sf) flex-tech/office complex in Chandler. The asset was sold by Douglas Allred Company.
Located at ...
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• MCA Realty Wraps Up $18 Mil WA Biz Park Buy
1/12/21
MCA Realty has acquired Lakewood Business Park, a 136.4k sf multi-tenant industrial asset in Lakewood, WA, within the Puget Sound metro area. The property, located at 10107 South Tacoma Way, sold for $18.2 mil ($133/sf).
La...
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• Cadence Bank Takes 82k sf at Park Towers in Houston
1/07/21
Cadence Bank has signed a long-term lease for 82.2k sf of space at Park Towers, located at 1333 W. Loop S. in Houston’s Uptown submarket. The tenant’s holding company, Cadence Bancorporation, will also be relocating its headq...
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• Buzz Oates Companies Buys Industrial Facility in West Sacramento
1/05/21
Buzz Oates Companies purchased a 135.9k sf industrial facility in West Sacramento for $20.8 mil, or $153/sf. The property, located at 3925 Seaport Blvd, is fully leased to Raley’s, a privately held family of grocery stores in...
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• Southwestern Health Resources Leases 150k sf of TX Office Space
1/05/21
Southwestern Health Resources has signed a long-term lease totaling nearly 150k sf at Browning Place in Farmers Branch, TX. Southwestern is an industry-leading and innovative first-class healthcare network made up of research...
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• Taiwan Semiconductor Manufacturing Company Leases 47k sf of Phoenix Office Space
1/04/21
Less than one week after Taiwan Semiconductor Manufacturing Company secured 1,129 acres of land to build a $12 bil factory in North Phoenix, the company moved forward with its official market entry with a 46.7k sf office leas...
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• PWS is Expanding Its CA Laundromat Locations
12/30/20
PWS, the nation’s largest developer of new laundromats and the premier broker of existing laundromats, is developing five new locations across California, with another two locations in final lease negotiations.
The new reta...
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• AZ Office Complex Purchased by SoCal Investor in $21.7 Mil Deal
12/30/20
Portico I and II, an 89.2k sf, Class A office complex in Chandler, AZ, was traded in a $21.68 mil ($243/sf) transaction. The two-building, multi-tenant property was acquired by Southern California-based YMC Arizona Properties...
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• Danhydra Leases 95k sf Colorado Property
12/29/20
Danhydra, a provider of tool solutions for wind power, signed a long-term lease for an entire two-building, 95.7k sf industrial/flex facility in Loveland, CO. Headquartered in Denmark, the tenant is relocating its Americas op...
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• SteelWave and New York Life Real Estate Investors Buy 74-Acre AZ Dev Site
12/28/20
A 74-acre industrial development site in Glendale, AZ was purchased by New York Life Real Estate Investors, on behalf of an institutional client, and SteelWave in a recent $14.4 mil transaction. The land, located at the north...
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• Unique TX School Building Offered for Sale
12/28/20
We thought some of you might be interested in this unique listing that just hit the market in Fort Worth, TX. It’s for a 21.5k sf, two-story office building that was originally built in 1892.
Located at 319 Lipscomb St, the...
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• AZ Multifamily Property Trades for $31 Mil
12/24/20
The Sterling, a 107-unit community in Gilbert, AZ, sold in a recent, $30.9 mil ($289k/unit) deal. The property, located 23 miles southeast of downtown Phoenix, was acquired by Casa Anita Apartments LLC.
The Sterling, previo...
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• Draftsmen & Craftsmen
12/24/20
The Southwest Division of Graycor Construction Company has completed its panel tilt at Glendale 303 (“G303”) Phase I, marking the near-term completion of a Class A industrial development poised to meet the needs of still-surg...
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• Trammell Crow Company and Clarion Partners Start Work on AZ Industrial Development
12/23/20
The Phoenix Business Unit of Trammell Crow Company, along with capital partner Clarion Partners, has broken ground on Cowden Logistics Center in Tolleson, AZ. The industrial project will offer 285.1k sf of logistics space in ...
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