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April 15, 2024
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TEXAS/SOUTHWEST NEWS
Archive
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• Peak Development Partners and Kristian Cotta of Hungry Investments Buy 5.5-Acre AZ Development Site
3/07/24
Peak Development Partners and Kristian Cotta of Hungry Investments have acquired a 5.5-acre parcel of land located at the corner of Chandler Blvd and Cooper Rd in Chandler, AZ from NGAI Family Trust. The price was not disclos...
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• Phoenix Retail Trade Works Out to $287/sf
3/06/24
In a recent Arizona retail sales comp, a 5.6k sf, four-tenant shopping center property in Phoenix was purchased for $1.61 mil ($287/sf) by North Creek LLC. The center is located at 12831-12839 N Cave Creek Rd, at the signal...
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• Clark County Spends $10.4 Mil on Vacant Hospital Building in Las Vegas
3/06/24
A recently constructed, 17.1k sf, 24-bed psychiatric hospital building in Las Vegas was acquired by Clark County in Nevada in a $10.4 mil ($608/sf) transaction. The building was completed in 2021 but has never been fully occu...
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• New Rental Home Project in Goodyear, AZ is Finished
3/06/24
TerraLane at Canyon Trails South, a 297-residence rental home project in Goodyear, AZ has been completed. It is being developed by. TerraLane at Canyon Trails South is located at 25 North 173rd Ave, less than a mile south of...
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• Balfour Pacific Capital and Stone View Holdings Pick Up Two Res Communities in Phoenix
3/05/24
Balfour Pacific Capital and Stone View Holdings have acquired a two-property portfolio of build-to-rent multifamily communities in Phoenix. The deal was financed with a two-year, $37.25 mil bridge acquisition loan to allow fo...
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• Legacy Partners and Bridge Investment Group Wrap Up Work on Texas Res Community
3/05/24
Legacy Partners and Bridge Investment Group have completed work on Ovation at Galatyn Park, a 361-residence apartment community in the northeastern Dallas suburb of Richardson, TX. Designed by WDG, Ovation at Galatyn Park i...
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• SLX Development Picks Up 14 Acres in McKinney, TX
3/04/24
SLX Development purchased a 14-acre parcel of land in McKinney, TX. SLX is in the planning stages to develop a mixed-use property on the site, located at the corner of El Dorado Pkwy and Stonebridge Dr. The land was sold by ...
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• Local Investment Group Buys 16k sf Retail Center in TX
3/04/24
Shops at The Gate in Frisco, a 16k sf, Class A retail center in Frisco, TX, was acquired by 3 Pillars Equity, a Frisco-based investment group. The price was not given out. Built in 2021, the property consists of two building...
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• Tower 16 Capital Partners Closes $43 Mil Multifamily Buy in Reno
2/29/24
San Diego-based Tower 16 Capital Partners has acquired The Deco at Victorian Square, a 209-unit multifamily property located in Reno, NV, in a $43 mil ($206k/unit) transaction. Built in 2021, The Deco is located at 955 Avenu...
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• Spec Industrial Project in Denver is Nearing Completion
2/28/24
Construction is nearing completion on Point Central Business Park, a 157.5k sf, speculative industrial project on over 9.5 acres in Denver. The project, a development of StarPoint Properties, broke ground last summer and is s...
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• LaForce Leases 34k sf Space at Boyd Lake Commerce Center in Loveland, CO
2/27/24
LaForce agreed to a long-term lease for 33.7k sf, or approximately one-third, of Building One at Boyd Lake Commerce Center (BLCC), a brand new 100k sf, Class A industrial and distribution building constructed on a spec basis ...
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• Midway Breaks Ground on New 320k sf Office Tower at CITYCENTRE in Houston
2/26/24
Houston-based Midway has broken ground on CITYCENTRE Six, a 19-story, 320k sf Class A office tower in Houston. CITYCENTRE Six’s anchor tenant will be Dow, a global materials science company that leased roughly 200k sf of the ...
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• New 483-Unit Res Community Completed in Northeast Austin
2/26/24
Camber Ranch, a new 483-unit apartment community in Austin, TX, has been completed with the first residents moving in. Designed by Humphreys & Partners, the multifamily project is a development of Legacy Partners and Bridge I...
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• Hines to Develop Two Self-Storage Facilities in Texas
2/23/24
Hines plans to develop two new Class A self-storage facilities in Texas -- Custer Self-Storage in Frisco, and Jupiter Self-Storage in Garland -- later this year. Both state-of-the-art, multi-level facilities will feature maso...
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• Arizona State School for the Deaf and Blind Inks Office Lease in Phoenix
2/20/24
Arizona State School for the Deaf and Blind (“ASDB”) agreed to a lease for 9.3k sf of space at The West on Dunlap office project in Phoenix. The organization will use the space, located at 2445 W. Dunlap, for administrative p...
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• Brixton Capital Completes $124 Mil Multifamily Buy in Colorado
2/20/24
Brixton Capital purchased The Windsor, a 352-unit, two-story townhome and apartment community in Lakewood, CO, in a $124.25 mil ($353k/unit) transaction. The asset was sold by Boston, MA-based TA Realty. the deal was financed...
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• Legacy Partners and The Resmark Companies Underway on Two SFR Build-to-Rent Communities in Texas
2/16/24
Legacy Partners and The Resmark Companies are developing two single-family, build-to-rent communities in the fast-growing northern Dallas suburbs. These include Highland, comprising 133 homes in the Collin County city of Meli...
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• ColRich Multifamily Wraps Up 318-Unit Res Buy in Colorado
2/15/24
San Diego-based ColRich Multifamily acquired Belmar Villas, a 318-unit apartment community in Lakewood, CO. The property is located at 700 S. Reed Ct, east of Hwy 121 and south of Alameda Ave. Built in 1970, Belmar Villas is...
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• Stockdale Capital Partners Spends $32 Mil on Phoenix Area Medical Property Portfolio
2/14/24
Stockdale Capital Partners purchased a strategically located outpatient medical building portfolio totaling 80.3k sf in a $32 mil transaction. The portfolio consists of three Banner Health Centers located in the high-growth, ...
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• Arizona Mobile Home Park Project Lands $13 Mil Construction Loan
2/14/24
Victoria Farms, a to-be-built 305-pad mobile home park (MHP) community in Lake Havasu City, is closer to completion as the project’s developer has secured a new $13 mil construction loan for the development. Lake Havasu City,...
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