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• Denver Multifamily Market Ends 3rd Quarter with a 94% Occupancy Rate
11/04/24
Here’s a quick 3rd quarter 2024 snapshot of Denver’s multifamily market, thanks to research provided by CBRE.
Denver Multifamily Figures Q3 2024
• The Denver multifamily market ended Q3 2024 with an occupancy rate of 94.0%...
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• Phoenix Office Tower Trades for Nearly $100 Mil
11/04/24
In what we’re told is the largest metro Phoenix office sale since 2022, 24th at Camelback II, a 306.9k sf, Class A office asset, traded hands in a deal sources say came in at just under $100 mil. The property was sold by Hine...
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• Lincoln Property Acquires AZ Property for Redevelopment into Class A Industrial Project
11/01/24
Lincoln Property Company has acquired an infill office project in the heart of Tempe, Arizona in an $18.3 mil deal. Lincoln plans to redevelop the site into Sky Harbor Logistics, a Class A industrial campus situated minutes f...
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• Sunroad Enterprises Acquires Newly Constructed 265-Unit Res Project in Henderson, NV
11/01/24
Sunroad Enterprises has obtained a $66 mil senior loan for the acquisition and lease-up of Element 12 at Cadence, a 265-unit apartment community in Henderson, NV. The four-story apartment community is located within the Caden...
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• Phoenix Single-Tenant Industrial Facility Sells for $69.5 Mil
10/31/24
Karney Properties, a family-owned, real estate firm out of Santa Monica, acquired a freestanding 400k sf, Class A cross-dock industrial building in Phoenix in a $69.55 mil ($174/sf) transaction. The single-tenant property is ...
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• AZ Industrial Portfolio Acquired by Leon Industrial
10/30/24
The Tempe Freestanding Industrial Portfolio, a three-building, 175.7k sf infill industrial portfolio in Tempe, AZ, was acquired by Leon Industrial, a subsidiary of Dallas-based Leon Capital Group. The buildings are each 100% ...
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• New Texas Industrial Development Refinanced with $100 Mil Take-Out Loan
10/29/24
A joint venture between Grandview Partners and TRG Development has obtained $99.8 mil of financing for a newly constructed industrial park totaling approximately 1.64 msf in Wilmer, TX, a suburb of Dallas. Known as Core45, th...
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• BKM Capital Partners Acquires 104k sf AZ Biz Property in a $21.6 Mil Recapitalization
10/28/24
BKM Capital Partners (BKM) has acquired Wier Thirty6 Business Park, a 104.1k sf industrial property in Phoenix, for $21.6 mil, or $207/sf, in a recapitalization of the property. Built in 1986, the property consists of nine fr...
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• Two=Tenant Retail Asset in Colorado Sells for $364/sf
10/28/24
A newly developed, 9.6k sf Class A retail investment property in Windsor, CO traded for $3.5 mil, or $364/sf. The property is leased on a NNN basis to two tenants: Rogers Brewing LLC (dba Mash Lab Brewing) and Infusion Archit...
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• Scottsdale’s Southwest Experience Center Rebrands to NextSpace
10/25/24
Southwest Experience Center, a 32.7k sf, multi-tenant showroom facility in Scottsdale, AZ, has rebranded to NextSpace to better reflect the facility’s focus on serving the wide swath of companies expanding or relocating in Ph...
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• Meridian Acquires Vacant AZ Medical Building with Plans to Renovate It for New Tenant El Rio Health
10/25/24
Meridian recently acquired a vacant 94.6k sf medical building in Tucson, AZ in an $8.05 mil ($85/sf) transaction. The building sits on a 9.27-acre parcel at 4888 N. Stone Ave.
The property will be fully occupied by El Rio He...
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• Colorado 7-Eleven Sells for Over $2,000/sf
10/25/24
A CA-based private investor paid $8.33 mil for a 7-Eleven property in Thornton, CO. 7-Eleven has 14 years remaining on its corporate-guaranteed lease.
The 4k sf ($2,082/sf) building sits on 1.21 acres at 52 W. 84th Ave. The ...
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• Denver Area Biz Park Trades in $61 Mil Deal
10/24/24
Ambrose Property Group has purchased Ascent Commerce Center, 595k sf industrial park in the Denver area, in a $61 mil ($102/sf) transaction. The 33-acre industrial park is located at the intersection of 84th Ave and Telluride...
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• Liv Communities and Rockefeller Group Complete Work on 360-Unit AZ Res Community
10/24/24
Liv Communities and Rockefeller Group have completed work on and are now planning a November 2nd public open house event for Sol38 by Liv, a new, 360-unit residential community in Laveen, AZ. The project offers a range of ame...
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• Former Potato Barn in Arizona Sells in $3.6 Mil Deal
10/23/24
An 18.3k sf commercial property in Chandler, AZ was acquired by Taroko, US Corporation in a $3.6 mil ($197/sf) transaction. The property, located at 865 N. 54th St, within the Chandler Pavilions center, was formerly home to P...
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• Strong Leasing Continues for George Oliver’s Bond Office Transformation Project in Phoenix
10/21/24
There have been seven new leases totaling 65k sf at Bond, a 287k sf office redevelopment nearing completion in the heart of the Camelback Corridor in Phoenix. The amenity-driven project is a development by locally-based Georg...
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• Brown & Brown Insurance Renews 20k sf Phoenix Office Space
10/18/24
Brown & Brown Insurance, Inc, a global insurance brokerage and risk management company, inked a renewal lease for its 19.8k sf of Class A office space in Phoenix. Brown & Brown occupies the entire 11th floor at 2800 Tower, a ...
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• Nevada HAND Leases 22k sf of Las Vegas Office Space
10/17/24
Nevada HAND, the state’s largest developer, builder, and manager of affordable rental homes for low-income seniors and working families, agreed to a lease for 22.1k sf of office space in Las Vegas. Terms of the deal were not ...
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• Wentworth Property Company Buys Phoenix Industrial Assets in $17.5 Mil Sale/Leaseback
10/17/24
A joint venture led by Wentworth Property Company purchased the MarLam Industries Manufacturing portfolio, two buildings totaling 106.2k sf of space in Phoenix, in a $17.5 mil sale-leaseback deal. The buildings sit adjacent a...
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• PCCP LLC Picks Up 13-Acre TX Site for Res Development
10/15/24
PCCP LLC has acquired 13-acre parcel of land for the construction of Skymor at Pearland, a Class A, 109-unit built-for-rent gated townhome community located on Old Chocolate Bayou Rd in Pearland, TX. A Houston-based single-fa...
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