| Institutional Investor Spends $25 Mil on Pair of AZ Retail Assets
An unnamed institutional buyer paid $25.7 million for a retail portfolio comprising two shopping centers totaling 38.3k sf in Phoenix and Scottsdale, AZ. The assets were sold by MDC Realty Advisors, a subsidiary of Epic Inves...
| ViaWest Group to Start Work on 134k sf Denver Industrial Facility
Phoenix-based ViaWest Group is making its first market entry into Denver with plans to construct a 134.4k sf industrial facility just north of downtown. The freestanding, Class A industrial building, Downtown Distribution Cen...
| BKM Capital Partners Closes $38 Mil AZ Industrial Buy
BKM Capital Partners acquired Mesa Ridge Business Park, a seven-building, 153k sf light industrial park in Mesa, AZ for $38.35 mil ($251/sf). The seller was Mesa Ridge Business Park I LLC, a company formed by Randall Investme...
| SWC Development Partners Starts Work on 136k sf Distribution Facility in Surprise, AZ
SWC Development Partners broke ground yesterday on its second building within Skyway Business Park in Surprise, AZ. The 135.9k sf warehouse/distribution facility is located at 11701 North 132nd Ave.
The facility will include...
| Corner Development Site in Hollywood Acquired for Development of Planned Community Campus
A 65.6k sf parcel of contiguous land on the corner of Highland Ave and Sunset Blvd in Hollywood was purchased by Grammy Award-winning songwriter and producer Philip Lawrence. Lawrence, known for his long-time collaboration wi...
| Cogir-Led Venture Buys NoCal Assisted Living Facility
A joint venture between Cogir and a national investment partner spent $39.2 mil for Cortona Park, an assisted living community in Brentwood. Cogir will operate the community and has renamed it Cogir of Brentwood.
| Montecito Medical Buys Medical Office Property in the Dallas Area
Montecito Medical recently acquired a 7.2k sf medical office property in The Colony, an affluent, lakeside suburb approximately 20 miles northwest of downtown Dallas. The building, which opened in 2021, is, 100% occupied by T...
| Florida Company Buys 141k sf Idaho Logistics Facility
A brand new, Class A warehouse/distribution building totaling 141.4k sf on just over 30 acres in Meridian (Boise), Idaho was acquired by Tampa FL-based Carter Exchange, a Carter Funds company. The newly constructed logistics ...
| Scottsdale, AZ Office Trade Works Out to $260/sf
Gainey Ranch Town Center I & II, two Class A office buildings totaling 126.5k sf in the upscale Gainey Ranch trade area of Scottsdale, AZ, sold for $33 mil ($260/sf). The assets were sold by Gainey Ranch Town Properties Inc.
| Gen II Fund Services Leases 73k sf of Office Space in Denver
Gen II Fund Services LLC, a leading independent private capital fund administrator, has agreed to a multi-floor lease for 72.9k sf of space at Belleview Station, a 384.7k sf Class A office and ground-floor retail project in D...
| Brasa Capital Management Closes Second Investment Fund Oversubscribed at $450 Mil
Brasa Capital Management LLC (“Brasa”), has closed Brasa Real Estate Fund II LP (“Fund II”), reaching its hard cap of $450 mil.
With a Fund II target of $300 mil, Brasa has now exceeded its fundraising goal on its first tw...
| Stockbridge Buys Fully Leased AZ Single-Tenant Industrial Facility
In a notable AZ industrial acquisition, Stockbridge purchased a recently built, 147.4k sf Class A warehouse/distribution building on 28.6 acres in Mesa, AZ. Located at 3115 N Higley Rd, the single-tenant logistics building w...
| Cityview Buys 135-Unit Res Community in Portland
Cityview has acquired Burnside 26, a four-story, podium-style apartment community in Southeast Portland that consists of 135 res units along with 1.3k sf of restaurant space. The price was not given out.
Burnside 26 is loca...
| Rexford Industrial Realty Picks Up Five-Acre Development Site in Santa Fe Springs
Rexford Industrial Realty acquired a five-acre development land parcel in Santa Fe Springs for $34 mil. Rexford plans to complete the ground-up development of a 108k sf, Class A warehouse facility at the site. The acquisition...
| Inland Real Estate Acquisitions Has Acquired Two Build-to-Rent Developments in the Phoenix Metro Area
Inland Real Estate Acquisitions, a Chicago-based REIT, has acquired TerraLane at South Mountain and TerraLane at Canyon Trails, two build-to-rent located in Phoenix and Goodyear, AZ. The two communities, comprising a total of...
| Colorado Retail Center Goes for $138/sf
Centerpointe Plaza, a 155k sf neighborhood retail center along North Academy Blvd in Colorado Springs, was purchased by a Denver-based private fund for $21.4 mil ($138/sf). Built in 1983, Centerpointe Plaza comprises five mul...
| Cliff Carnes Joins Matthews Real Estate Investment Services as Executive Vice President
Cliff Carnes has joined Matthews Real Estate Investment Services as Executive Vice President, Managing Director of the firm’s Capital Markets Division. Previously positioned as Senior Vice President and Chief Production Offic...
| Experiential Office Redevelopment in Tempe Seeing Substantial Pre-Leasing Interest
There has been over 32k sf of pre-leasing at an experiential office renovation development still under construction in Tempe, AZ. The $18 mil project, Arbor, is a development of Phoenix-based George Oliver.
Located in down...
| Napa Auto Parts Portfolio Sells for $21 Mil
A portfolio consisting of 12 single-tenant retail assets occupied by Napa Auto Parts across 10 states traded hands in a transaction valued at $21.1 mil. The assets, located in Alaska, Arkansas, Florida, Georgia, Mississippi N...
| Walker & Dunlop Investment Partners and Pacific Life Form Investment Partnership
Walker & Dunlop Investment Partners Inc (WDIP) and Pacific Life have partnered to form a $500 mil programmatic joint venture. The joint venture will make equity investments in multifamily and industrial properties across the ...