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• Denver Area Res Asset Lands $65 Mil in New Financing
5/09/23
Promenade Place, a 387-unit, mid-rise multifamily property in Greenwood Village, CO, has landed new financing of $65 mil. The asset, situated in the heart of the thriving Denver Tech Center (“DTC”), is owned by a domestic pen...
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• Perkins Coie Leases 31k sf Phoenix Office Space
5/09/23
Perkins Coie, a Seattle-based law firm, has signed a long-term lease for a new 31k sf office location in Phoenix. The firm’s new space is at Camelback Esplanade, a Class A project located at 2525 East Camelback Rd in central ...
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• Magma Equities and Macquarie Asset Management Entity Buy 285-Unit TX Multifamily Property
5/09/23
Bardin Greene, a 285-unit garden style multifamily property in the Dallas-Fort Worth Metro city of Arlington, TX, was acquired by Magma Equities and a global real estate fund managed by Macquarie Asset Management. The propert...
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• Mark IV Capital Looking to Grow Its Industrial Presence in Five States
5/08/23
Mark IV Capital, a private investment firm with a nearly 50-year history of commercial real estate investment and development, as well as venture capital, is expanding its C-suite to grow its industrial and mixed-use developm...
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• Greystar Real Estate Partners Starts Work on AZ Industrial Park
5/05/23
Greystar Real Estate Partners has broken ground on Caliber by Greystar, a three-building, Class A industrial park in Peoria, AZ. The project is the first element to break ground at Greystar’s Peoria Place, a $500 mil mixed-us...
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• Ferguson Enterprises Leases New 135k sf Industrial Facility in Thornton, CO
5/05/23
Ferguson Enterprises has signed a long-term lease for a full 135k sf building at 25 North, a 70-acre master-planned industrial development in Thornton, CO. The facility is part of the project’s Phase II, currently under const...
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• Commercial Real Estate Financing Briefs
5/04/23
TALONVEST CAPITAL - Kim Bishop, Jim Davies, Tom Sherlock, Mason Brusseau, and Lauren Maehler with Talonvest Capital closed a $65 mil, non-recourse bridge loan for a seven-asset, self-storage portfolio located in Texas, Florid...
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• Alton Industries Buys 19 Acres in Henderson, NV
5/03/23
Alton Industries closed on the acquisition of an 18.93-acre land parcel located on Whitney Mesa Dr near Sunset Blvd and Mountain Vista St in Henderson, NV. The $13.6 mil transaction consisted of a land assemblage totaling thr...
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• Pedcor Companies Picks Up 11 Acres in Buckeye, AZ for Development
5/03/23
Pedcor Companies purchased a 10.9-acre land parcel located in Buckeye, AZ for $7.93 mil. The site is within an opportunity zone and is slated for the development of a 204-unit garden-style multifamily project. Pedcor is an In...
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• BKM Capital Partners and TerraCore Capital Buy 88k sf Vegas Industrial Property
5/02/23
BKM Capital Partners, in a joint venture partnership with TerraCore Capital, has acquired Decatur Business Center in Las Vegas for $25.9 mil. The 88.2k sf ($294/sf) light industrial property was sold by Terry York Properties...
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• Lincoln Property Company Starts Work on 1.59 msf Vegas-Area Industrial Development
4/28/23
Lincoln Property Company’s Southwest division, LPC Desert West, broke ground on Windsor Commerce Park, an eight-building, 86-acre Class A industrial project and LPC’s first-ever ground-up industrial endeavor in the state of N...
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• Wood Partners to Develop 650-Unit Multifamily Project in Bastrop, TX
4/26/23
Atlanta-based Wood Partners picked up 26 acres of land in Texas for development of a 650-unit multifamily project. The site, located at Hwy 71 and FM 969 in Bastrop, is within a 75-acre mixed-use development by Pearl River Co...
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• 575-Key Arizona Hotel Property Trades in $110 Mil Deal
4/25/23
Southwest Value Partners purchased JW Marriott Tucson Starr Pass Resort & Spa, a 575-key resort in Tucson, AZ, in a $110 mil transaction. The property, located at 3800 West Starr Pass Blvd, was sold by Fortress Investment Gro...
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• Phoenix Office Market Slow, But Holding Up Better than Other Cities
4/24/23
This report provided by real estate services firm Avison Young
While office rental rates fell slightly for both class B and C buildings in Phoenix, average rents increased for class A space as demand for trophy office proper...
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• New 250k sf Building Breaks Ground at SkyBridge Arizona Development in Mesa
4/20/23
Close on the heels of its 250k sf “Building 109” groundbreaking, SkyBridge Arizona has started construction on a second 250k sf building, “Building 108.” Together, the buildings bring the active Class A industrial constructio...
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• Redcar Fund Management Closes Second Fund with $418 Mil in Equity Commitments
4/19/23
Redcar Fund Management has closed on Redcar Fund II (“Fund II”) with $418 mil in equity commitments. Through its successful debut Fund I, which closed in January 2020, Redcar acquired 15 assets which will total 1.4 msf upon c...
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• Stockdale Capital Partners to Spend $20 Mil Converting Scottsdale Building to Life Sciences Facility
4/18/23
Stockdale Capital Partners plans to spend $20 mil on a major renovation plan to finish converting Ilume Innovation Center in Scottsdale, AZ into a fully lab-enabled life science facility. The renovation will also include seve...
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• Trammell Crow Company and CBRE Investment Management Acquires 192 Acres in Mesa, AZ
4/17/23
Trammell Crow Company (TCC) and CBRE Investment Management have acquired a 192-acre development site in Mesa, AZ. The master site will be divided into ‘shovel-ready’ lots that will range from 12 acres, up to the full 192-acre...
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• MG Properties Completes $67 Mil Res Buy in Colorado
4/17/23
MG Properties closed on the purchase of Ridge at Castle Rock Apartments, a 204-unit res community in Castle Rock, a Colorado town located south of downtown Denver, for $67.15 mil ($329k/unit). The property, formerly known as ...
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• Echo Real Estate Capital Inc and Grandview Partners to Build 676k sf Spec Industrial Project in Arizona
4/14/23
Echo Real Estate Capital Inc and Grandview Partners plan to develop a 676.2k sf spec industrial project in Glendale, AZ to be called Northern Parkway Logistics Center. Construction of the project is being financed with a $53....
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