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• Class A Industrial Facility in Tulsa, OK Trades for $84/sf
9/11/23
Craft Capital LLC purchased a 178.2k sf, Class A industrial building in Tulsa, OK in a $14.9 mil ($84/sf) transaction. The property was sold by Titan Sports and Performance Center LLC.
Built in 2018, the property is located ...
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• Tempe, AZ Apartment Community Refinanced with New Loan for $16.5 Mil
9/11/23
Lakeview at the Bay, a 370-unit, Class B apartment complex in Tempe, AZ, has been refinanced with a new permanent loan for $16.5 mil. Built in 1985, the 34-building complex is located at 995 E. Baseline Rd in Tempe, a Metro P...
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• Henderson, NV Office Campus Trades in $17 Mil Transaction
9/08/23
A joint venture between Los Angeles-based Partners Capital Inc and Las Vegas-based CNR Retail acquired Green Valley Corporate Center South, two Class A office buildings totaling 91.7k sf in Henderson, NV, for $17.250 mil ($18...
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• Industrial Development Site in the Boise Area Trades Hands
9/08/23
A fully entitled 12.71-acre industrial development site in Caldwell (Boise), ID was purchased by an unnamed transportation company. The shovel-ready site is located at Smeed Pkwy and Skyway St, within the Sky Ranch Business P...
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• IDM Companies Obtains $62.6 Mil in Construction Money for Phoenix Res Project
9/06/23
IDM Companies has landed $62.625 mil in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix. The financing was arranged by JLL Capital Markets and funded through a ...
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• Harbor Capital Buys Vacant Texas Industrial Building
9/01/23
Harbor Capital, an Austin-based industrial real estate private equity firm, a vacant 198k sf industrial building located at 10120 Fischer Rd in San Antonio, TX. The property was sold by Becknell Industrial, a national industr...
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• Utah Hotel Portfolio Trades for $8.9 Mil
9/01/23
A 156-key select service hotel portfolio in Cedar City, UT traded for $8.9 mil ($57k/room). The portfolio consists of a 106-room Quality Inn and a 50-room America’s Best Value Inn. Both properties have been well maintained by...
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• Merrick Leases 69k sf of Office Space in Colorado
8/30/23
Merrick, an engineering and architecture firm, has signed a 12-year lease for 69.2k sf at Greenwood 4 in Greenwood Corporate Plaza in Greenwood Village, CO. This lease keeps Merrick’s headquarters within the Greenwood campus ...
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• Rising Realty Partners Pays $23 Mil for North Las Vegas Biz Park
8/30/23
Northport Business Center, a 127.1k sf, six-building industrial park in North Las Vegas, was acquired by Rising Realty Partners in a $23 mil ($181/sf) deal. The property, located at 3825-3985 Cheyene Ave, was sold by MCA Real...
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• Kimley-Horn Leases 79k sf of Office Space in Phoenix
8/22/23
Leading engineering, planning and design firm Kimley-Horn has committed to a 78.7k sf lease at Camelback Arboleda. The lease relocates and expands Kimley-Horn’s regional Phoenix office to the Camelback Corridor submarket and ...
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• Brand new Colorado Industrial Project Trades for $8.5 Mil
8/22/23
Airpark North, a brand new, 36k sf Class A industrial project in Loveland, CO that was just delivered in August, sold for $8.53 mil ($237/sf). The vacant, freestanding building, located at 6987 Rickenbacker Rd, was acquired b...
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• Commercial Real Estate Financing Briefs
8/21/23
JLL CAPITAL MARKETS -- Chris Collins and Brad Vansant with JLL Capital Market arranged $16.7 mil in construction take-out financing for The Hobart, a 39-unit, Class A mid-rise multi-housing community located at 3050 W. 11th ...
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• New TX Dollar General Store Trades at 5.25% Cap Rate
8/21/23
A brand new, single-tenant property leased to Dollar General in Georgetown, TX traded hands in a recent deal that closed at a 5.25% cap rate. The tenant operates on a long-term absolute triple net lease and has proven to have...
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• 490k sf Goodyear, AZ Industrial Project Lands $39 Mil Refi Loan
8/18/23
Phoenix-based Baker Development Corporation (BDC), and New York’s Foundation Capital Partners (FCP), along with joint venture partner GTIS Partners, have secured a $39 mil refi loan for Yuma|143, a recently completed, 490.3k ...
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• ViaWest Group Picks Up 587k sf Phoenix Industrial Portfolio
8/16/23
ViaWest Group has acquired a six-building, 586.9k sf Phoenix industrial portfolio from Walton Street Capital. The buildings are all in prime infill locations within the greater Phoenix MSA. This acquisition brings ViaWest Gro...
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• City Lights Church Buys 48k sf Flex Building in Greeley, CO
8/16/23
City Lights Church paid $5.5 mil for a freestanding, 48k sf ($115/sf) flex commercial building in Greeley, CO. The property, located at 7251 W 4th St, was vacant at the time of sale.
Originally built in 1985 but renovated si...
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• Colorado Distribution Facility Bought for Just Under $30 Mil by Private Investor
8/16/23
Dove Valley Business Center, a 149.8k sf, warehouse distribution center in Englewood, CO, was traded to an undisclosed private investor in a $29.75 mil ($199/sf) transaction. The property was sold by Westcore.
Built in 2018...
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• Wood Investments Companies Secures $39 Mil in Refinancings on Two Idaho Retail Centers
8/15/23
Wood Investments Companies Inc has secured $39.1 mil in permanent loans for two prominent shopping centers in the Boise metropolitan area: Gateway Marketplace and CentrePoint Marketplace. Both shopping centers, situated in th...
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• Denver-Boulder Lab Vacancy Rises in Second Quarter, Remains Among Lowest Nationally
8/15/23
This report provided by CBRE
Momentum slowed in the second quarter for the U.S. life sciences real estate market, though several indicators portend long-term expansion for the sector, according to a new report from CBRE.
V...
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• HVAC/R Equipment Distributor Pays $267/sf for Nevada Owner/User Building
8/15/23
A 17.8k sf office/warehouse building located at 7440 Commercial Way in Henderson, NV sold for $4.75 mil ($267/sf). The buyer, R.E. Michel Company, one of the nation's leading wholesale distributors of HVAC/R equipment, parts ...
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