|
• Trio of New Buildings Completed at 64-Acre Arizona Biz Park
2/01/23
Construction has been completed on Gilbert Spectrum Buildings 9, 10 and 11, three brand new Class A buildings within the 64-acre Gilbert Spectrum industrial park, located at McQueen and Elliot roads in Gilbert, AZ. The facil...
|
• AZ Industrial Building Gets new Owner in $4.5 Mil Trade
1/31/23
A 28.5k sf industrial building in Mesa, AZ sold for $4.5 mil, or $158/sf. The property, located at 1856 North Higley Rd, south of McKellips Rd, was purchased by an out-of-state private buyer completing a 1031 exchange.
The...
|
• Toronto Entity Buys 108-Room AZ Hotel
1/31/23
Toronto-based Sun Valley Hotels LLC has acquired the 108-room La Quinta Inn & Suites hotel asset in Peoria, AZ. The property is located at 16321 N 83rd Ave, just east of Hwy 101.
La Quinta features a heated outdoor pool, fit...
|
• Arizona Retail Center Trades for $289/sf
1/30/23
A private investor paid $31.1 mil for River Center, a 107.5k sf ($289/sf), Whole Foods-anchored, neighborhood retail center located in Tucson. The property was sold by First Washington Realty
The Class A property is 100%-le...
|
• Avanath Closes on $205 Mil in Additional Equity Commitments for Affordable Housing Fund
1/30/23
Avanath Capital Management LLC has closed on more than $205 mil in additional equity commitments to the Avanath Affordable Housing Renaissance Fund (the “Fund”) since November. Avanath is a multifamily owner and operator that...
|
• Dekel Capital has launched Dekel Correspondent Lending
1/27/23
Dekel Capital has launched Dekel Correspondent Lending (DCL), which will originate balance sheet and CMBS loans for the acquisition, refinancing and recapitalization of commercial real estate assets including build-to-rent an...
|
• AZ Retail Center Traded for $237/sf
1/25/23
Red Mountain Plaza, a 69.3k sf Home Depot shadow-anchored retail shopping center in Mesa, AZ, traded hands in a $16.4 mil ($237/sf) deal.’ The property sits on approximately eight acres at the northwest corner of Power Rd and...
|
• Owner/User Buys 115k sf Office Building in Allen, TX
1/24/23
Allen Office Center, a 115.2k sf office building in Allen, TX was purchased by Toruk LLC. Located at 805 S. Central Exwy, the two-story property was largely vacant at the time of sale but will soon be the corporate headquarte...
|
• Marshall Medical Center and PATRA to Occupy 75% The Ridge at Town Center West Office Campus in El Dorado Hills
1/24/23
Marshall Medical Center and PATRA have agreed to take 75% of the space vacated by Blue Shield following the insurer’s sale-leaseback of The Ridge at Town Center West to ProEquity Asset Management and Miami-based Solaris Capit...
|
• Newly Constructed Menifee Retail Center Sells for almost $600/sf
1/20/23
Center Pointe, a 41.5k sf, newly developed grocery-anchored retail center in Menifee, traded hands for $24.6 mil ($593/sf). The recently constructed center is 96%-leased to Sprouts, Wendy’s and Olive Garden, as well as local ...
|
• SRS Real Estate Partners Opens Pacific Northwest Office
1/19/23
SRS Real Estate Partners has opened a new Pacific Northwest office, staffed with six new team members. Located at 16703 SE McGillivray Blvd in Vancouver, WA, the office will anchor the Pacific Northwest for the company and ex...
|
• Flex/Office Building in Chandler, AZ Goes for $200/sf
1/19/23
Norte at Chandler, an 85.8k sf, multi-tenant Class A flex office building in Chandler, AZ, was acquired by United Realty M.T.A. for $17.2 mil, or approximately $200 per square foot. The asset consists of a freestanding single...
|
• Las Vegas Medical Office Property Sells for $360/sf
1/18/23
A 10k sf, medical office property in Las Vegas traded for $3.6 mil, or $360/sf. Built in 2008, the property is located at 6070 South Fort Apache Rd.
The property features reserved, covered parking, a large waiting room, 12 e...
|
• Work Finished on 84-Unit Res Community in Portland’s Woodstock Neighborhood
1/16/23
Construction is now complete on Novus Apartments, a $24 mil, four-story, 84-unit, contemporary mixed-use community located in Portland’s Woodstock neighborhood. The project, developed by Portland-based Urban Asset Advisors an...
|
• Stos Partners Pays $10.9 Mil for 94k sf Industrial Building in Phoenix
1/13/23
Stos Partners paid $10.9 mil for a 94.2k sf ($116/sf), freestanding industrial building in Phoenix. The property is situated on 4.2 acres at 1002 S. 54th Ave, ideally located within a 20-minute drive of all parts of the Phoen...
|
• SIM Real Estate Group Secures $32 Mil in Construction Money for AZ Res Project
1/12/23
Scottsdale-based SIM Real Estate Group has obtained $32.1 mil in construction financing for the development of Legacy at Laveen Village, a 172-unit Build-to-Rent (BTR) housing community located south of Southern Ave along 35t...
|
• MBK Rental Living Acquires Site in Petaluma for Res Development
1/12/23
MBK Rental Living has purchased a 4.71-acre site in Petaluma, CA for development of a 134-unit, solar-powered luxury apartment project. The development, The Haven at Deer Creek will offer both three-story garden-style and thr...
|
• SRS Real Estate Partners’ National Net Lease Group Sold 22 Chick-fil-A Occupied Properties in 2022
1/11/23
SRS Real Estate Partners’ National Net Lease Group in 2022 sold a total of 22 properties occupied by Chick-fil-A valued at $87 mil with an average cap rate of 3.77%. This makes up for a 32% market share for all Chick-fil-A-oc...
|
• Woodside Hotel Group Secures New Financing of $26.75 Mil on Two of Its NoCal Assets
1/11/23
Woodside Hotel Group has obtained $26.75 mil of non-cross collateralized, fixed-rate, first mortgage financing on two hotel properties -- the Lafayette Park Hotel & Spa and The Lodge at Bodega Bay, located in Lafayette and Bo...
|
• Scenic Expressions Leases 299k sf in Santa Clarita
1/10/23
In a notable L.A.-area industrial lease, Scenic Expressions inked a deal for a 299.2k sf space at Saugus Station Industrial Center, a 69.5-acre, 975.3k sf property located 25530-25765 Springbrook Ave in Santa Clarita. Scenic ...
|
Return to the Home Page - Etc... Etc... area
