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June 18, 2024
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TEXAS/SOUTHWEST NEWS
Archive
1  | 2  | 3  | 4  | 5  |  6  | 7  | 8  | 9  | 10  ...  180
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• AZ Medical/Office Building Trades in $9.3 Mil Deal
1/16/24
Woodside, a Texas-based investment firm, paid $9.325 mil for Talavi Corporate Center, a 153.3k sf ($61/sf), three-story office and medical office property in Glendale, AZ, in an all-cash purchase. The property was sold by Reg...
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• Phoenix Industrial Portfolio Acquired in Separate Deals with Two Buyers
1/15/24
A two-building, last mile industrial portfolio totaling 491.2k sf in Phoenix was sold in deals to separate buyers. The portfolio comprises Canal Crossing, a single-tenant building totaling 155.1k sf on 10 acres, and Riverside...
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• Texas Multifamily Property Acquired by Tri-City Equity Group
1/12/24
Tri-City Equity Group has acquired Kings Landing, a 64-unit multifamily property in Mansfield, TX. The price was not given out. Currently 100% occupied, Kings Landing has 64 units, with 48 units completed in 1975 and 16 unit...
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• Investor Pays $1,878/sf for Newly Built Colorado 7-Eleven
1/12/24
A newly developed, 4.7k sf ($1,878/sf) 7-Eleven property in Colorado sold for $8.83 mil. The property is located at 4400 Harlan Court in Wheat Ridge, a city within the greater Denver MSA. The property is situated on 1.3 acre...
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• Dallas-Forth Worth Industrial Market Sees Continued Growth
1/12/24
This market overview was provided by real estate services firm Avison Young Dallas-Forth Worth’s (DFW) economy is experiencing continued growth, according to Avison Young’s just-released Fourth Quarter 2023 Industrial Marke...
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• RJ Schinner Leases 60k sf of Space in Aurora, CO
1/12/24
RJ Schinner, a wholesale distributor of foodservice, paper and janitorial supplies based in Wisconsin, inked a lease for 60.3k sf of space at Clarion Gateway 27 in Aurora, CO. Located at 19080 E. 38th Ave. in Aurora, the buil...
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• Constellation Real Estate Partners Buys 25 Acres in Houston for Industrial Development
1/11/24
Constellation Real Estate Partners acquired 25.8 acres of land located at 6401 North Eldridge Parkway in Houston’s Northwest submarket. The company will demolish an existing administrative building on the site to develop Con...
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• KT Development Buys Three-Acre CO Site for Hotel Development
1/11/24
KT Development acquired a three-acre land site in Centennial, CO (Arapahoe County) for the development of a 122-room WoodSpring Suites Hotel. The land was purchased for $1.2 mil and construction for the project is anticipated...
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• BKM Capital Partners Closes $48 Mil Industrial Buy in Arizona
1/10/24
BKM Capital Partners has acquired a pair of multi-tenant industrial parks in the Greater Phoenix area for $48 mil, or $178.80/sf. The properties, Gateway University Park I & II, total 268.4k sf and are situated within the sou...
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• Colorado Res Community Gets New Owner
1/10/24
Orion Real Estate Partners acquired Fielders Creek, a 217-unit apartment community in Englewood, CO. The price was not disclosed. Located at 3205 W. Floyd Ave in southwest metro Denver, the nine-building, two- and three-stor...
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• Colorado Hotel Trades for $162k/Room
1/09/24
Eagle Point Hotel Partners purchased Ascent on Main, a 51-key boutique hotel in Colorado, for $8.25 mil ($161.7k/room). The property is located at 18595 Main St in Parker, a growing southeast suburb of Denver. Ascent on Main...
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• Lincoln Property Company Wraps Up Work on 2.5 msf AZ Creative Industrial Project
1/08/24
Lincoln Property Company (LPC) has completed work on Park303 Phase 2, a Class A, 2.5 msf industrial development in Glendale, AZ. The project boasts many creative industrial amenities, including: a high-end speculative office ...
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• Las Vegas Valley Water District Spends $21 Mil on 166k sf Office Building
1/08/24
The Las Vegas Valley Water District (“LVVWD”) purchased a 166.4k sf office building on approximately 10 acres in Las Vega for $21.25 mil. Located at 330 South Valley View Blvd, the two-story building was fully vacant at the t...
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• Phoenix Office/Medical Campus Lands New Owner
1/05/24
Big Sky Medical Real Estate has purchased Blackhawk Corporate Center, a three building, 252.4k sf office/medical campus in the Deer Valley submarket of Phoenix. The price was not given out. Conveniently and strategically pos...
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• Denver Res Tower Sells for $125 Mil
1/05/24
In a large, end-of-year multifamily trade, Griffis Residential purchased Platform at Union Station, a 287-unit luxury apartment community in downtown Denver, for $125.5 mil ($437k/unit). The sale is among the largest multifam...
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• Apple Hospitality REIT Spends $75 Mil on Las Vegas Hotel Asset
1/04/24
In a year-end Vegas hotel buy, Apple Hospitality REIT paid $75 mil for SpringHill Suites by Marriott Las Vegas Convention Center, a 299-room hospitality property. The deal works out to around $250k/room. Constructed in 2009,...
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• Dallas/Fort Worth Industrial Park Acquired by a Private Investor
1/02/24
DFW Corporate Park, a 211.4k sf, flex-industrial park in the Dallas/Fort Worth metroplex area, was acquired by a private real estate investor. The deal was financed with $23.4 mil of senior financing and preferred equity. Th...
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• Old Dominion Freight Line Buys 26 Acres of Undeveloped Land in Colorado
12/26/23
Old Dominion Freight Line Inc (ODFL) has acquired 26.5 acres of undeveloped land in the Airport North submarket of Loveland, CO. ODFL is one of the largest North American less-than-truckload motor carriers. The industrial si...
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• RA Centers Retains Vestar for Management of AZ Shopping Center
12/26/23
Raymond Arjmand of RA Centers has retained Vestar as the management assignment for Palm Valley Pavilions West, a 232.6k sf power center in Goodyear, AZ. RA Centers acquired the center on December 15th, 2023. Palm Valley Pav...
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• Commercial Real Estate Financing Briefs
12/22/23
GANTRY – Tom Dao and Erinn Cooke with Gantry secured a total of $17.6 mil in permanent loans to refinance a pair of Bay Area self-storage facilities. The financings included $9.5 mil for SAF Keep San Ramon and $8.1 mil for SA...
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